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Nonprofiteer
← GASTRO-INTESTINAL RESEARCH FOUNDATION INC

Form 990 for tax year 2022

Filed by GASTRO-INTESTINAL RESEARCH FOUNDATION INC.

Totals

Total revenue
$21,313,158
Total expenses
$21,035,486
Contributions and grants received
$19,424,319
Grants paid
$20,219,690
Program service revenue
$0
Investment income
$1,128,293
Other revenue
$760,546
Total assets, end of year
$12,723,299
Total liabilities, end of year
$8,865,675
Net assets or fund balances, end of year
$3,857,624
Program services expenses (Part IX)
$20,750,387
Management and general expenses
$137,567
Fundraising expenses
$147,532
Program service expenses (Part III)
$20,750,387

Program services were 98.6% 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

    $340,433

  • 1f · All other contributions, gifts and grants

    $19,083,886

  • 3 · Investment income

    total $306,598 · related or exempt $306,598

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $7,255,494

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

    securities $6,433,799

  • 7c · Gain or loss

    securities $821,695

  • 7d · Net gain or loss

    total $821,695 · related or exempt $821,695

  • 8a · Fundraising events: gross income

    $1,153,486

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

    $340,433

  • 8b · Fundraising events: direct expenses

    $392,940

  • 8c · Net income from fundraising events

    total $760,546

  • 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 $20,219,690 · program services $20,219,690

  • 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 $287,000 · program services $172,200 · management and general $57,400 · fundraising $57,400

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $161,766 · program services $97,059 · management and general $32,354 · fundraising $32,353

  • 8 · Pension plan contributions

    total $10,924 · program services $6,554 · management and general $2,185 · fundraising $2,185

  • 9 · Other employee benefits

    total $51,647 · program services $30,989 · management and general $10,329 · fundraising $10,329

  • 10 · Payroll taxes

    total $37,171 · program services $22,303 · management and general $7,434 · fundraising $7,434

  • 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 $23,865 · program services $1,500 · management and general $12,565 · 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 $2,818 · management and general $2,818

  • 17 · Travel

    total $27,337 · program services $23,236 · fundraising $4,101

  • 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 $119,962 · program services $119,962

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

    total $42,406 · program services $25,444 · management and general $8,481 · fundraising $8,481

  • 24c · Other expenses: NEWSLETTER & MARKETING

    total $31,450 · program services $31,450

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

    total $15,449 · fundraising $15,449

  • 24e · All other expenses

    total $4,001 · management and general $4,001

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $873,953 · end of year $339,841

  • 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 $338,463 · end of year $62,486

  • 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 $24,000 · end of year $8,106

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,946,319 · end of year $12,312,866

  • 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 $18,040 · end of year $8,803,245

  • 19 · Deferred revenue

    end of year $62,430

  • 27 · Net assets without donor restrictions

    beginning of year $4,164,695 · end of year $3,857,624

Mission and programs · 2022

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.

Activities or mission (Part I)

The Foundation provided research grants to the University of Chicago and various other medical research organizations.

  • the Foundation provided research grants to the University of Chicago and various other medical research organizations.

    Expenses $20,750,387 · Grants $20,219,690

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jackie Casey

    Executive Dir.

    Total calculated
    $198,569
    From this org
    $182,000
    From related orgs
    $0
    Other
    $16,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,880
    Nontaxable benefits
    $10,689
    Filer's total
    $198,569

  • Deborah Bernard

    Dir Major Gifts

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eric Berlin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Howard Grill

    VP FINANCE

    Total calculated
    $0
    Hours/week
    5

  • Heidi Henderson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Attar

    Director

    Total calculated
    $0
    Hours/week
    0

  • Karyn Hurwich

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yekaterina Chudnovsky

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Biana Lanson MD

    VP GRANT MAKING

    Total calculated
    $0
    Hours/week
    2

  • Michael P Cogan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Russell Cohen MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel Goldberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steven R Davidson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Pogofsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter Goldman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Murray Alscher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Riback

    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
    5

  • Jonathan Merel

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
1 February 2024
IRS schema version
2022v5.0
Source object
202430329349302103

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

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