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← PERT FOUNDATION

Form 990 for tax year 2023

Filed by PERT FOUNDATION.

Totals

Total revenue
$311,720,445
Total expenses
$318,101,961
Contributions and grants received
$311,653,014
Grants paid
$318,021,564
Program service revenue
$0
Investment income
$67,415
Other revenue
$16
Total assets, end of year
$317,276,071
Total liabilities, end of year
$317,052,064
Net assets or fund balances, end of year
$224,007
Program services expenses (Part IX)
$318,024,899
Management and general expenses
$77,062
Fundraising expenses
$0
Program service expenses (Part III)
$318,024,899

Program services were 100.0% 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

    $311,653,014

  • 3 · Investment income

    total $15,528 · excluded $15,528

  • 7a · Gross sales of assets other than inventory

    securities $1,603,567

  • 7b · Less cost or other basis and sales expenses

    securities $1,551,680

  • 7c · Gain or loss

    securities $51,887

  • 7d · Net gain or loss

    total $51,887 · excluded $51,887

  • 11d · All other revenue

    total $16 · excluded $16

  • 11e · Other revenue, total

    $16

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $318,021,564 · program services $318,021,564

  • 11b · Fees: legal

    total $35,697 · management and general $35,697

  • 11f · Fees: investment management

    total $3,358 · management and general $3,358

  • 11g · Fees: other

    total $29,474 · management and general $29,474

  • 13 · Office expenses

    total $10 · program services $5 · management and general $5

  • 16 · Occupancy

    total $1,660 · program services $830 · management and general $830

  • 23 · Insurance

    total $5,198 · management and general $5,198

  • 24a · Other expenses: Expense Reimbursements

    total $5,000 · program services $2,500 · management and general $2,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,069 · end of year $9,069

  • 2 · Savings and temporary cash investments

    beginning of year $23,791 · end of year $18,950

  • 11 · Investments: publicly traded securities

    beginning of year $396,101 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $317,248,052

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,526 · end of year $36,683

  • 18 · Grants payable

    beginning of year $0 · end of year $317,015,381

  • 27 · Net assets without donor restrictions

    beginning of year $408,435 · end of year -$317,024,045

  • 28 · Net assets with donor restrictions

    end of year $317,248,052

Mission and programs · 2023

Mission

PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time.

  • PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time.

    Expenses $318,024,899 · Grants $318,021,564

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrea Saenz

    President and Director

    Total calculated
    $655,609
    From this org
    $0
    From related orgs
    $596,277
    Other
    $59,332
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,771 related
    Bonus
    $0 + $27,250 related
    Other
    $0 + $1,256 related
    Deferred
    $0 + $50,550 related
    Nontaxable benefits
    $0 + $8,782 related
    Filer's total
    $0 + $655,609 related

  • Elizabeth Liebman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas C Liebman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Margaret Stineman

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bryan Traubert

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jessica Strausbaugh

    Treasurer

    Total calculated
    $343,093
    From this org
    $0
    From related orgs
    $322,265
    Other
    $20,828
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,339 related
    Bonus
    $0
    Other
    $0 + $926 related
    Deferred
    $0 + $18,339 related
    Nontaxable benefits
    $0 + $2,489 related
    Filer's total
    $0 + $343,093 related

  • Amy Pena

    Secretary

    Total calculated
    $263,216
    From this org
    $0
    From related orgs
    $231,325
    Other
    $31,891
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,285 related
    Bonus
    $0
    Other
    $0 + $1,040 related
    Deferred
    $0 + $19,712 related
    Nontaxable benefits
    $0 + $12,179 related
    Filer's total
    $0 + $263,216 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The compensation of the President/Director is reviewed annually by the Board of Directors and the Governance and Advocacy Committee of a related tax-exempt organization, The Chicago Community Trust.
Part I, Line 7
The President received a performance-based incentive bonus, which is included in Part II, column B (ii).
Schedule J, Part II, Line 1, Line 2, Line 3:
Ms. Andrea Saenz, Ms. Jessica Strausbaugh, and Ms. Amy Pena are paid employees of The Chicago Community Trust, a related tax-exempt organization. Ms. Andrea Saenz serves as the current President and a Director of PERT Foundation. Ms. Strausbaugh serves as the Treasurer of PERT Foundation. Ms. Amy Pena serves as the Secretary of PERT Foundation.

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

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 corporations and trusts

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

  • Charitable Term Trust

    T · Hold Investments · IL

Provenance

Return type
form_990
Tax year
2023
Filed
1 July 2025
IRS schema version
2023v6.0
Source object
202512029349300241

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