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← GOODMAN SUPPORTING FOUNDATION

Form 990 for tax year 2022

Filed by GOODMAN SUPPORTING FOUNDATION.

Totals

Total revenue
$23,475
Total expenses
$485,175
Contributions and grants received
$0
Grants paid
$470,000
Program service revenue
$0
Investment income
$23,475
Other revenue
$0
Total assets, end of year
$1,969,631
Total liabilities, end of year
$262,575
Net assets or fund balances, end of year
$1,707,056
Program services expenses (Part IX)
$470,000
Management and general expenses
$15,175
Fundraising expenses
$0
Program service expenses (Part III)
$470,000

Program services were 96.9% 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.

  • 3 · Investment income

    total $23,475 · excluded $23,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $470,000 · program services $470,000

  • 11c · Fees: accounting

    total $7,575 · management and general $7,575

  • 11f · Fees: investment management

    total $7,590 · management and general $7,590

  • 24a · Other expenses: Filing Fee

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $651 · end of year $116

  • 11 · Investments: publicly traded securities

    beginning of year $2,160,439 · end of year $1,969,515

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,525 · end of year $7,575

  • 18 · Grants payable

    beginning of year $180,000 · end of year $255,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,973,565 · end of year $1,707,056

Mission and programs · 2022

Mission

The Foundation is organized to foster, promote, support, develop, and maintain the broad, charitable, educational or religious purposes or functions as authorized by the charter of the Jewish Federation Of Metropolitan Chicago and the by-laws of the Foundation.

  • The Foundation makes grants to charitable organizations which are tax exempt under the IRC Section 501(c)(3) and meet the guidelines of the charter of the Jewish Federation of Metropolitan Chicago & the by-laws of the Foundation.

    Expenses $470,000 · Grants $470,000

As filed on the 2022 return.

Listed in Part VII

  • Jay Tcath

    Vice President & Treasurer

    Total calculated
    $476,924
    From this org
    $0
    From related orgs
    $355,406
    Other
    $121,518
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,226 related
    Bonus
    $0
    Other
    $0 + $3,180 related
    Deferred
    $0 + $108,331 related
    Nontaxable benefits
    $0 + $13,963 related
    Filer's total
    $0 + $477,700 related

  • Adina Torchman

    Vice President

    Total calculated
    $238,239
    From this org
    $0
    From related orgs
    $197,974
    Other
    $40,265
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $193,095 related
    Bonus
    $0
    Other
    $0 + $4,879 related
    Deferred
    $0 + $33,947 related
    Nontaxable benefits
    $0 + $6,944 related
    Filer's total
    $0 + $238,865 related

  • Sharyn Johnson

    President

    Total calculated
    $0
    Hours/week
    0.3

  • Robert Lopatin

    Vice President

    Total calculated
    $0
    Hours/week
    0.3

  • Andrew Hochberg

    Vice President & Secretary

    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

  • 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

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
JUF has an agreement with Jay Tcath that provides for annual payments of $25,000 for 10 years commencing upon his retirement from JUF or if he is no longer employed by JUF, upon reaching age 64. In July 2018, JUF entered a split dollar life insurance agreement with Jay Tcath that will provide a death benefit of $625,000 if he maintains his employment at JUF through June 2023. In addition, JUF and Mr. Tcath entered into another agreement that will provide 15 annual payments of approximately $33,000 per year starting in 2024 and ending in 2038.

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 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
202421279349303042

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