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Nonprofiteer
← IGRB FOUNDATION

Form 990 for tax year 2023

Filed by IGRB FOUNDATION.

Totals

Total revenue
$197,858
Total expenses
$2,067,203
Contributions and grants received
$0
Grants paid
$2,022,500
Program service revenue
$0
Investment income
$197,858
Other revenue
$0
Total assets, end of year
$31,428,013
Total liabilities, end of year
$846,025
Net assets or fund balances, end of year
$30,581,988
Program services expenses (Part IX)
$2,022,500
Management and general expenses
$44,703
Fundraising expenses
$0
Program service expenses (Part III)
$2,022,500

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $197,858 · excluded $197,858

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,022,500 · program services $2,022,500

  • 11c · Fees: accounting

    total $6,025 · management and general $6,025

  • 11g · Fees: other

    total $8,358 · management and general $8,358

  • 13 · Office expenses

    total $30,310 · management and general $30,310

  • 24a · Other expenses: FILING FEES

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $14,810 · end of year $35,963

  • 12 · Investments: other securities

    beginning of year $30,870,713 · end of year $31,392,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,638 · end of year $6,025

  • 18 · Grants payable

    beginning of year $1,025,000 · end of year $840,000

  • 25 · Other liabilities

    beginning of year $10

  • 27 · Net assets without donor restrictions

    beginning of year $29,853,875 · end of year $30,581,988

Mission and programs · 2023

Mission

THE FOUNDATION IS EXCLUSIVELY ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND MAINTAIN A SPECIFIC CHARITABLE, EDUCATIONAL OR RELIGIOUS PURPOSE OR FUNCTION OF, OR AS AUTHORIZED IN THE CHARTER OF, THE JEWISH FEDERATION OF METROPOLITAN CHICAGO.

  • THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS, ALL OF WHICH MEET THE GUIDELINES OF THE BY-LAWS OF THE FOUNDATION AND THE CHARTER OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO. ALL OF THESE ORGANIZATIONS ARE EXEMPT UNDER IRC SECTION 501(C)(3).

    Expenses $2,022,500 · Grants $2,022,500

As filed on the 2023 return.

Listed in Part VII

  • David S Rosen

    VICE PRESIDENT & SECRETARY

    Total calculated
    $524,437
    From this org
    $0
    From related orgs
    $444,304
    Other
    $80,133
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,723 related
    Bonus
    $0
    Other
    $0 + $35,581 related
    Deferred
    $0 + $61,139 related
    Nontaxable benefits
    $0 + $19,770 related
    Filer's total
    $0 + $525,213 related

  • Lonnie Nasatir

    VICE PRESIDENT & TREASURER

    Total calculated
    $567,675
    From this org
    $0
    From related orgs
    $516,416
    Other
    $51,259
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $486,401 related
    Bonus
    $0
    Other
    $0 + $30,015 related
    Deferred
    $0 + $32,205 related
    Nontaxable benefits
    $0 + $19,830 related
    Filer's total
    $0 + $568,451 related

  • Jeffrey R Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Andrew W Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Henry G Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Owen S Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Vanessa J Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • James A Pinkston

    ASSISTANT TREASURER

    Total calculated
    $352,592
    From this org
    $0
    From related orgs
    $304,536
    Other
    $48,056
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,374 related
    Bonus
    $0
    Other
    $0 + $162 related
    Deferred
    $0 + $29,062 related
    Nontaxable benefits
    $0 + $19,977 related
    Filer's total
    $0 + $353,575 related

  • Peter Chiswick

    ASSISTANT TREASURER

    Total calculated
    $271,588
    From this org
    $0
    From related orgs
    $233,080
    Other
    $38,508
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,930 related
    Bonus
    $0
    Other
    $0 + $6,150 related
    Deferred
    $0 + $30,077 related
    Nontaxable benefits
    $0 + $9,148 related
    Filer's total
    $0 + $272,305 related

  • Eric Devir

    ASSISTANT SECRETARY

    Total calculated
    $162,681
    From this org
    $0
    From related orgs
    $136,040
    Other
    $26,641
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,314 related
    Bonus
    $0
    Other
    $0 + $726 related
    Deferred
    $0 + $11,110 related
    Nontaxable benefits
    $0 + $16,014 related
    Filer's total
    $0 + $163,164 related

  • Jennifer Dobosh

    ASST. SECRETARY & ASST. TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Robin Letchinger

    ASST. SECRETARY & ASST. TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Gary Holzman - Part Year

    ASST. SECRETARY & ASST. TREASURER

    Total calculated
    $0
    Hours/week
    0.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
DAVID ROSEN: THE JEWISH FEDERATION HAS AN AGREEMENT WITH DAVID ROSEN WHICH PROVIDES FOR ANNUAL PAYMENTS OF $25,000 PER YEAR BEGINNING IN 2018 AND ENDING IN 2028. IN 2017, THE JEWISH FEDERATION ENTERED INTO A SECOND AGREEMENT WITH DAVID ROSEN WHICH PROVIDES FOR ANNUAL PAYMENTS OF $25,000 BEGINNING IN 2022 AND ENDING IN 2032. IN TOTAL, DAVID ROSEN RECEIVED $50,000 OF DISTRIBUTIONS FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS IN 2023. LONNIE NASATIR: IN 2023, JUF ENTERED INTO AN AGREEMENT WITH LONNIE NASATIR WHICH PROVIDES FOR ANNUAL PAYMENTS OF $25,000 PER YEAR FOR 5 YEARS BEGINNING IN 2028, FOLLOWING THE COMPLETION OF A FIVE-YEAR VESTING PERIOD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 255 REVERE DRIVE LP

    REAL ESTATE · IL

  • JFMC POOLED ENDOWMENT PORTFOLIO LLC

    SEE SCH. R, PART VII · IL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER UNITRUSTS (18)

    T · CHARITABLE TRUST · IL

  • CHARITABLE REMAINDER ANNUITY TRUSTS (2)

    T · CHARITABLE TRUST · IL

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202510919349301861

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