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← BELLOWS FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by BELLOWS FAMILY FOUNDATION.

Totals

Total revenue
$139,463
Total expenses
$1,006,210
Contributions and grants received
$0
Grants paid
$991,741
Program service revenue
$0
Investment income
$139,463
Other revenue
$0
Total assets, end of year
$6,139,679
Total liabilities, end of year
$15,159
Net assets or fund balances, end of year
$6,124,520
Program services expenses (Part IX)
$991,741
Management and general expenses
$14,469
Fundraising expenses
$0
Program service expenses (Part III)
$991,741

Program services were 98.6% 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 $139,463 · excluded $139,463

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $991,741 · program services $991,741

  • 11c · Fees: accounting

    total $10,780 · management and general $10,780

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $3,689 · management and general $3,689

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $861,275 · end of year $5

  • 11 · Investments: publicly traded securities

    beginning of year $5,290,118 · end of year $6,139,674

  • 25 · Other liabilities

    beginning of year $0 · end of year $15,159

  • 27 · Net assets without donor restrictions

    beginning of year $6,151,393 · end of year $6,124,520

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 ARE TAX EXEMPT UNDER IRC SECTION 501(C)(3) AND MEET THE GUIDELINES OF ITS BY-LAWS AND THOSE OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO.

    Expenses $991,741 · Grants $991,741

As filed on the 2023 return.

Listed in Part VII

  • David S Rosen

    VICE PRESIDENT & TREASURER

    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

  • Eric Devir

    VICE PRESIDENT & SECRETARY

    Total calculated
    $162,681
    From this org
    $0
    From related orgs
    $136,040
    Other
    $26,641
    Hours/week
    0.3 + 49.7 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

  • Joan Bellows

    PRESIDENT - PART YEAR

    Total calculated
    $0
    Hours/week
    0.3

  • Shael Bellows

    PRESIDENT - PART YEAR

    Total calculated
    $0
    Hours/week
    0.3

  • Jonathan Bellows

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Elliot Robinson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Jamie 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

  • Claire Peaceman

    ASSISTANT SECRETARY

    Total calculated
    $72,773
    From this org
    $0
    From related orgs
    $59,115
    Other
    $13,658
    Hours/week
    0.3 + 39.7 related

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.

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.

  • 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
8 November 2024
IRS schema version
2023v5.1
Source object
202423169349305507

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