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Nonprofiteer
← GASTRO-INTESTINAL RESEARCH FOUNDATION INC

Form 990 for tax year 2024

Filed by GASTRO-INTESTINAL RESEARCH FOUNDATION INC.

Totals

Total revenue
$3,823,136
Total expenses
$4,168,082
Contributions and grants received
$2,538,290
Grants paid
$3,327,426
Program service revenue
$0
Investment income
$350,822
Other revenue
$934,024
Total assets, end of year
$5,130,908
Total liabilities, end of year
$927,942
Net assets or fund balances, end of year
$4,202,966
Program services expenses (Part IX)
$3,998,955
Management and general expenses
$78,033
Fundraising expenses
$91,094
Program service expenses (Part III)
$3,998,955

Program services were 95.9% 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.

  • 1c · Fundraising events

    $404,714

  • 1f · All other contributions, gifts and grants

    $2,133,576

  • 3 · Investment income

    total $350,822 · related or exempt $350,822

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $1,315,633

  • 8a · Fundraising events: contributions included on line 1c

    $404,714

  • 8b · Fundraising events: direct expenses

    $381,609

  • 8c · Net income from fundraising events

    total $934,024

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,327,426 · program services $3,327,426

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $299,000 · program services $239,200 · management and general $30,199 · fundraising $29,601

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $200,389 · program services $160,311 · management and general $20,239 · fundraising $19,839

  • 8 · Pension plan contributions

    total $14,934 · program services $11,947 · management and general $1,509 · fundraising $1,478

  • 9 · Other employee benefits

    total $88,661 · program services $70,929 · management and general $8,955 · fundraising $8,777

  • 10 · Payroll taxes

    total $35,550 · program services $28,440 · management and general $3,590 · fundraising $3,520

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $12,176 · management and general $2,376 · fundraising $9,800

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $10,846 · program services $9,219 · fundraising $1,627

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: SPECIAL EVENTS

    total $98,091 · program services $98,091

  • 24b · Other expenses: OFFICE, COMPUTER & POSTAGE

    total $37,260 · program services $29,808 · management and general $3,726 · fundraising $3,726

  • 24c · Other expenses: NEWSLETTER & MARKETING

    total $23,584 · program services $23,584

  • 24d · Other expenses: BANK & CREDIT CARD FEES

    total $12,726 · fundraising $12,726

  • 24e · All other expenses

    total $7,439 · management and general $7,439

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $451,345 · end of year $47,924

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $352,903 · end of year $343,475

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,608 · end of year $12,306

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $10,670,717 · end of year $4,727,203

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,862,871 · end of year $879,438

  • 19 · Deferred revenue

    beginning of year $118,000 · end of year $48,504

  • 27 · Net assets without donor restrictions

    beginning of year $4,504,702 · end of year $4,202,966

Mission and programs · 2024

Mission

The GI Research Foundation works to treat, prevent, and cure digestive diseases. In collaboration with the physicians and scientists at the University of Chicago Digestive Diseases Center, we fund innovative clinical and laboratory research, leading to groundbreaking discoveries that transform lives.

  • THE FOUNDATION PROVIDED RESEARCH GRANTS TO THE UNIVERSITY OF CHICAGO AND VARIOUS OTHER MEDICAL RESEARCH ORGANIZATIONS.

    Expenses $3,998,955 · Grants $3,327,426

As filed on the 2024 return.

Listed in Part VII

  • Jackie Casey

    EXECUTIVE DIRECTOR

    Total calculated
    $200,217
    From this org
    $182,000
    From related orgs
    $0
    Other
    $18,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,322
    Nontaxable benefits
    $10,895
    Filer's total
    $200,217

  • Deborah Barnard

    DIR. MAJOR GIFTS

    Total calculated
    $124,274
    From this org
    $109,000
    From related orgs
    $0
    Other
    $15,274
    Hours/week
    40

  • Eric Berlin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Howard A Grill

    VP FINANCE

    Total calculated
    $0
    Hours/week
    5

  • Michael Cogan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Heidi Henderson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karyn Hurwich

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yekaterina Chudnovsky

    Chairperson

    Total calculated
    $0
    Hours/week
    3

  • Biana Lanson MD

    VP FUNDRAISING

    Total calculated
    $0
    Hours/week
    2

  • Daniel Goldberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Russell Cohen MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Goldberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steven R Davidson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter Goldman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shelby Katz

    VP Marketing

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Riback

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Rubin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Lebenson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey A Fine

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad Peterson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Seymour Taxman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark D Waldeck

    VP Development

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Karmin Shafer

    President

    Total calculated
    $0
    Hours/week
    3

  • Audrey Rubin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Nathanson

    Director

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503179349309110

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