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← BLS FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by BLS FAMILY FOUNDATION.

Totals

Total revenue
$326,825
Total expenses
$896,650
Contributions and grants received
$0
Grants paid
$885,000
Program service revenue
$0
Investment income
$326,825
Other revenue
$0
Total assets, end of year
$1,904,889
Total liabilities, end of year
$254,039
Net assets or fund balances, end of year
$1,650,850
Program services expenses (Part IX)
$885,000
Management and general expenses
$11,650
Fundraising expenses
$0
Program service expenses (Part III)
$885,000

Program services were 98.7% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $17,799 · excluded $17,799

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,276,292

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

    securities $967,266

  • 7c · Gain or loss

    securities $309,026 · other assets $0

  • 7d · Net gain or loss

    total $309,026 · excluded $309,026

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $885,000 · program services $885,000

  • 11c · Fees: accounting

    total $4,039 · management and general $4,039

  • 11f · Fees: investment management

    total $7,601 · management and general $7,601

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: FILING FEE

    total $10 · management and general $10

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $2,435,467 · end of year $1,904,889

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,005 · end of year $4,039

  • 18 · Grants payable

    beginning of year $65,000 · end of year $225,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $25,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,366,462 · end of year $1,650,850

Mission and programs · 2024

Mission

THE FOUNDATION WAS ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND MAINTAIN CHARITABLE ACTIVITIES AND VITAL HUMAN AND EDUCATIONAL SERVICES AS AUTHORIZED IN ITS BY-LAWS AND 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 $885,000 · Grants $885,000

As filed on the 2024 return.

Listed in Part VII

  • BONNIE LOVITT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • DAVID S ROSEN

    TREASURER

    Total calculated
    $558,732
    From this org
    $0
    From related orgs
    $452,292
    Other
    $106,440
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $414,768 related
    Bonus
    $0
    Other
    $0 + $37,524 related
    Deferred
    $0 + $85,133 related
    Nontaxable benefits
    $0 + $21,307 related
    Filer's total
    $0 + $558,732 related

  • ELLEN CARMELL

    SECRETARY

    Total calculated
    $224,920
    From this org
    $0
    From related orgs
    $179,001
    Other
    $45,919
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,768 related
    Bonus
    $0
    Other
    $0 + $4,233 related
    Deferred
    $0 + $34,275 related
    Nontaxable benefits
    $0 + $11,644 related
    Filer's total
    $0 + $224,920 related

  • ERIC DEVIR

    ASSISTANT SECRETARY

    Total calculated
    $170,314
    From this org
    $0
    From related orgs
    $139,144
    Other
    $31,170
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,466 related
    Bonus
    $0
    Other
    $0 + $678 related
    Deferred
    $0 + $13,882 related
    Nontaxable benefits
    $0 + $17,288 related
    Filer's total
    $0 + $170,314 related

  • JAMES A PINKSTON

    ASSISTANT TREASURER

    Total calculated
    $365,057
    From this org
    $0
    From related orgs
    $308,582
    Other
    $56,475
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,417 related
    Bonus
    $0
    Other
    $0 + $165 related
    Deferred
    $0 + $34,754 related
    Nontaxable benefits
    $0 + $21,721 related
    Filer's total
    $0 + $365,057 related

  • PETER CHISWICK

    ASSISTANT TREASURER

    Total calculated
    $283,198
    From this org
    $0
    From related orgs
    $237,694
    Other
    $45,504
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,603 related
    Bonus
    $0
    Other
    $0 + $6,091 related
    Deferred
    $0 + $35,628 related
    Nontaxable benefits
    $0 + $9,876 related
    Filer's total
    $0 + $283,198 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)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
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. IN TOTAL, DAVID ROSEN RECEIVED $50,000 OF DISTRIBUTIONS FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS IN 2024.

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.

Related corporations and trusts

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

  • CHARITABLE REMAINDER UNITRUSTS (17)

    Trust · CHARITABLE TRUST · IL

    Directly controlled by JEWISH FEDERATION OF METROPOLITAN CHICAGO

  • CHARITABLE REMAINDER ANNUITY TRUSTS (2)

    Trust · CHARITABLE TRUST · IL

    Directly controlled by JEWISH FEDERATION OF METROPOLITAN CHICAGO

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.1
Source object
202601059349300120

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