Totals
- Total revenue
- -$193,580
- Total expenses
- $1,027,494
- Contributions and grants received
- $18,501
- Grants paid
- $20,805
- Program service revenue
- $36,033
- Investment income
- -$502,083
- Other revenue
- $253,969
- Total assets, end of year
- $29,159,187
- Total liabilities, end of year
- $236,854
- Net assets or fund balances, end of year
- $28,922,333
- Program services expenses (Part IX)
- $20,805
- Management and general expenses
- $1,006,689
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $20,805
Program services were 2.0% 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.
-
1e · Government grants (contributions)
$18,501
-
2a · Program service revenue: PRIVATE INSURANCE
total $36,033 · related or exempt $36,033
-
3 · Investment income
total $662,241 · excluded $662,241
-
6a · Gross rents
real property $407,825
-
6b · Less rental expenses
real property $178,839
-
6c · Rental income or loss
real property $228,986
-
6d · Net rental income or loss
total $228,986 · excluded $228,986
-
7a · Gross sales of assets other than inventory
securities $38,769,571
-
7b · Less cost or other basis and sales expenses
securities $39,913,454 · other assets $20,441
-
7c · Gain or loss
securities -$1,143,883 · other assets -$20,441
-
7d · Net gain or loss
total -$1,164,324 · excluded -$1,164,324
-
11a · Other revenue: MISCELLANEOUS
total $24,983 · related or exempt $24,983
-
11e · Other revenue, total
$24,983
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,805 · program services $20,805
-
5 · Compensation of officers, directors and key employees
total $320,279 · management and general $320,279
-
6 · Compensation of disqualified persons
total $106,668 · management and general $106,668
-
7 · Other salaries and wages
total $113,077 · management and general $113,077
-
8 · Pension plan contributions
total $10,725 · management and general $10,725
-
9 · Other employee benefits
total $57,512 · management and general $57,512
-
10 · Payroll taxes
total $35,692 · management and general $35,692
-
11b · Fees: legal
total $11,425 · management and general $11,425
-
11c · Fees: accounting
total $8,715 · management and general $8,715
-
11f · Fees: investment management
total $123,080 · management and general $123,080
-
11g · Fees: other
total $4,451 · management and general $4,451
-
13 · Office expenses
total $10,183 · management and general $10,183
-
14 · Information technology
total $18,947 · management and general $18,947
-
16 · Occupancy
total $54,047 · management and general $54,047
-
17 · Travel
total $692 · management and general $692
-
19 · Conferences, conventions and meetings
total $9,435 · management and general $9,435
-
23 · Insurance
total $115,185 · management and general $115,185
-
24a · Other expenses: MISCELLANEOUS
total $6,576 · management and general $6,576
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,187,987 · end of year $317,177
-
2 · Savings and temporary cash investments
end of year $417,579
-
4 · Accounts receivable
beginning of year $6,571 · end of year $12,589
-
9 · Prepaid expenses and deferred charges
beginning of year $238,369 · end of year $115,857
-
10a · Land, buildings and equipment: cost or other basis
$1,533,324
-
10b · Land, buildings and equipment: accumulated depreciation
$1,194,209
-
10c · Land, buildings and equipment, net
beginning of year $379,713 · end of year $339,115
-
11 · Investments: publicly traded securities
beginning of year $24,971,785 · end of year $27,956,870
-
17 · Accounts payable and accrued expenses
beginning of year $236,260 · end of year $236,854
-
27 · Net assets without donor restrictions
beginning of year $26,548,165 · end of year $28,922,333
Mission and programs · 2022
Mission
TO PROVIDE MULTIPLE LEVELS OF SOCIAL SERVICES SUPPORT AND POSTIVELY IMPACT THE LIVES OF PEOPLE IN THE COMMUNITY.
-
THE ORGANIZATION IS TRANSITIONING ITS PROGRAMMING AND PROVIDED FUNDING TO VARIOUS SOCIAL SERVICES PROVIDERS.
Expenses $20,805 · Grants $20,805 · Revenue $61,016
As filed on the 2022 return.
Listed in Part VII
-
Peter BokosPETER BOKOS
PRESIDENT/DIRECTOR
- Total calculated
- $126,321
- From this org
- $95,444
- From related orgs
- $0
- Other
- $30,877
- Hours/week
- 15
-
James MulliganJAMES MULLIGAN
CHAIRPERSON
- Total calculated
- $3,700
- From this org
- $3,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
George LarsenGEORGE LARSEN
VICE CHAIRPERSON
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Joseph Bigane IIIJOSEPH BIGANE III
TREASURER
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Alexis GaughanALEXIS GAUGHAN
SECRETARY
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Trista BordignonTRISTA BORDIGNON
EXECUTIVE DIRECTOR
- Total calculated
- $181,258
- From this org
- $173,252
- From related orgs
- $0
- Other
- $8,006
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,252
- Bonus
- $0
- Other
- $0
- Deferred
- $5,208
- Nontaxable benefits
- $2,798
- Filer's total
- $181,258
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
- 2 · Substantiation required before reimbursing expenses
- 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
-
$20,000
TO SUPPORT PROGRAMS TO ASSIST THE UNHOUSED. THEY DID A BACKPACK DRIVE IN DEC 2022 TO BE GIVEN TO THE UNHOUSED POPULATION.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CTS REAL PROPERTIES LLC
REAL ESTATE · IL · income $387,384 · assets $638,371
Directly controlled by PHILOS FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202440169349300774
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