Skip to content
Nonprofiteer
← IGRB FOUNDATION

Form 990 for tax year 2022

Filed by IGRB FOUNDATION.

Totals

Total revenue
$24,091,698
Total expenses
$3,225,706
Contributions and grants received
$23,957,171
Grants paid
$3,192,600
Program service revenue
$0
Investment income
$134,527
Other revenue
$0
Total assets, end of year
$30,885,523
Total liabilities, end of year
$1,031,648
Net assets or fund balances, end of year
$29,853,875
Program services expenses (Part IX)
$3,192,600
Management and general expenses
$33,106
Fundraising expenses
$0
Program service expenses (Part III)
$3,192,600

Program services were 99.0% 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.

  • 1f · All other contributions, gifts and grants

    $23,957,171

  • 1g · Noncash contributions included above

    $23,838,585

  • 3 · Investment income

    total $134,527 · excluded $134,527

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,192,600 · program services $3,192,600

  • 11c · Fees: accounting

    total $5,950 · management and general $5,950

  • 11g · Fees: other

    total $6,034 · management and general $6,034

  • 13 · Office expenses

    total $20,429 · management and general $20,429

  • 24a · Other expenses: Filing Fee

    total $10 · management and general $10

  • 24e · All other expenses

    total $683 · management and general $683

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $571,661 · end of year $14,810

  • 12 · Investments: other securities

    beginning of year $9,977,997 · end of year $30,870,713

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,875 · end of year $6,638

  • 18 · Grants payable

    beginning of year $610,000 · end of year $1,025,000

  • 25 · Other liabilities

    beginning of year $10 · end of year $10

  • 27 · Net assets without donor restrictions

    beginning of year $9,933,773 · end of year $29,853,875

Mission and programs · 2022

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 Metropolition 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 $3,192,600 · Grants $3,192,600

As filed on the 2022 return.

Listed in Part VII

  • David S Rosen

    Vice President & Secretary

    Total calculated
    $701,246
    From this org
    $0
    From related orgs
    $645,663
    Other
    $55,583
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,943 related
    Bonus
    $0
    Other
    $0 + $242,720 related
    Deferred
    $0 + $39,289 related
    Nontaxable benefits
    $0 + $17,070 related
    Filer's total
    $0 + $702,022 related

  • Lonnie Nasatir

    Vice President & Treasurer

    Total calculated
    $509,143
    From this org
    $0
    From related orgs
    $471,072
    Other
    $38,071
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $443,375 related
    Bonus
    $0
    Other
    $0 + $27,697 related
    Deferred
    $0 + $21,897 related
    Nontaxable benefits
    $0 + $17,142 related
    Filer's total
    $0 + $510,111 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
    $343,199
    From this org
    $0
    From related orgs
    $301,042
    Other
    $42,157
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,875 related
    Bonus
    $0
    Other
    $0 + $167 related
    Deferred
    $0 + $25,803 related
    Nontaxable benefits
    $0 + $17,319 related
    Filer's total
    $0 + $344,164 related

  • Peter Chiswick

    Assistant Treasurer

    Total calculated
    $288,922
    From this org
    $0
    From related orgs
    $230,261
    Other
    $58,661
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,395 related
    Bonus
    $0
    Other
    $0 + $5,866 related
    Deferred
    $0 + $51,263 related
    Nontaxable benefits
    $0 + $8,102 related
    Filer's total
    $0 + $289,626 related

  • Eric Devir

    Assistant Secretary

    Total calculated
    $117,689
    From this org
    $0
    From related orgs
    $97,458
    Other
    $20,231
    Hours/week
    0.3 + 39.7 related

  • Jennifer Dobosh

    Asst Secy & Asst Treasurer

    Total calculated
    $0
    Hours/week
    0.3

  • Gary Holzman

    Asst Secy & 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 that began in 2018 and will end in 2028. In 2017, the Jewish Federation entered into a second agreement with David Rosen which provides for annual payments of $25,000 that began in 2022 and will end in 2032. David Rosen vested in this benefit in 2022 and the present value of these future benefit payments, which was $207,139 is included in his 2022 reportable compensation. This amount was not paid out in cash to David Rosen in 2022. It represents a one-time actuarially determined figure that is taxable in accordance with the Internal Revenue Code.

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

    N/A · Real Estate · IL

    Directly controlled by JFMC Facilities Corporation

  • JFMC Pooled Endowment Portfolio LLC

    N/A · See Sch. R, Part VII · IL

    Directly controlled by Jewish Federation of Metropolitan Chicago

Related corporations and trusts

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

  • Charitable Remainder Unitrusts (19)

    T · Charitable Trust · IL · controlled entity

    Directly controlled by Jewish Federation of Metropolitan Chicago

  • Charitable Remainder Annuity Trusts (3)

    T · Charitable Trust · IL · controlled entity

    Directly controlled by Jewish Federation of Metropolitan Chicago

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202431279349302823

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.