Form 990 for tax year 2023

Filed by CHICAGO POLICE MEMORIAL FOUNDATION.

Totals

Total revenue: $4,472,396
Total expenses: $3,387,121
Contributions and grants received: $2,676,045
Grants paid: $1,430,588
Program service revenue: $0
Investment income: $201,556
Other revenue: $1,594,795
Total assets, end of year: $21,098,250
Total liabilities, end of year: $12,141
Net assets or fund balances, end of year: $21,086,109
Program services expenses (Part IX): $2,480,771
Management and general expenses: $191,812
Fundraising expenses: $714,538
Program service expenses (Part III): $2,480,771

Program services were 73.2% 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)

$71,835
1f · All other contributions, gifts and grants

$2,604,210
3 · Investment income

total $484,004 · excluded $484,004
7a · Gross sales of assets other than inventory

securities $10,302,766
7b · Less cost or other basis and sales expenses

securities $10,585,214
7c · Gain or loss

securities -$282,448
7d · Net gain or loss

total -$282,448 · related or exempt -$282,448
8a · Fundraising events: gross income

$1,934,981
8b · Fundraising events: direct expenses

$439,271
8c · Net income from fundraising events

total $1,495,710
10a · Gross sales of inventory

$330,127
10b · Cost of goods sold

$231,042
10c · Net income from sales of inventory

total $99,085 · related or exempt $99,085

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $1,430,588 · program services $1,430,588
7 · Other salaries and wages

total $713,622 · program services $157,599 · management and general $131,981 · fundraising $424,042
8 · Pension plan contributions

total $20,577 · program services $3,866 · management and general $3,238 · fundraising $13,473
10 · Payroll taxes

total $56,178 · program services $12,354 · management and general $10,346 · fundraising $33,478
11c · Fees: accounting

total $15,989 · management and general $15,989
12 · Advertising and promotion

total $184,494 · program services $166,713 · management and general $4,198 · fundraising $13,583
13 · Office expenses

total $69,353 · program services $15,252 · management and general $12,772 · fundraising $41,329
22 · Depreciation, depletion and amortization

total $91,195 · program services $91,195
23 · Insurance

total $36,531 · program services $8,034 · management and general $6,728 · fundraising $21,769
24a · Other expenses: SUICIDE PREVENTION

total $368,529 · program services $368,529
24b · Other expenses: FUNDRAISING

total $145,638 · fundraising $145,638
24c · Other expenses: MEMORIAL PARK MAINTENANCE

total $112,601 · program services $112,601
24d · Other expenses: OTHER EXPENSES

total $76,677 · program services $76,677
24e · All other expenses

total $65,149 · program services $37,363 · management and general $6,560 · fundraising $21,226

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $2,136,322 · end of year $2,580,445
10a · Land, buildings and equipment: cost or other basis

$4,230,594
10b · Land, buildings and equipment: accumulated depreciation

$1,469,161
10c · Land, buildings and equipment, net

beginning of year $2,414,694 · end of year $2,761,433
11 · Investments: publicly traded securities

beginning of year $13,692,842 · end of year $15,716,459
15 · Other assets

beginning of year $197,366 · end of year $39,913
25 · Other liabilities

beginning of year $25,684 · end of year $12,141
27 · Net assets without donor restrictions

beginning of year $18,415,540 · end of year $21,086,109

Mission and programs · 2023

Mission

THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO HONORING THE LIVES OF OUR FALLEN HEROES. THE FOUNDATION PROVIDES SUPPORT AND ASSISTANCE TO THE FAMILIES OF CHICAGO POLICE OFFICERS WHO WERE KILLED OR CATASTROPHICALLY INJURED IN THE LINE OF DUTY.

PROVIDED ASSISTANCE TO OFFICERS AND THEIR FAMILIES INJURED OR SLAIN IN THE LINE OF DUTY.

Expenses $2,112,324 · Grants $1,430,588
MAINTENANCE ON THE GOLD STAR MEMORIAL PARK.

Expenses $368,447

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

Listed in Part VII

Philip ClinePHILIP CLINE

EXECUTIVE DI

Total calculated

$215,140

From this org

$210,100

From related orgs

$0

Other

$5,040

Hours/week

1

Schedule J breakdown matched by us

Base

$210,100

Bonus

not reported

Other

not reported

Deferred

$5,040

Nontaxable benefits

not reported

Filer's total

$215,140
Tim CaballeroTIM CABALLERO

SECRETARY

Total calculated

$0

Hours/week

1
Brendan DeenihanBRENDAN DEENIHAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Kevin DurkinKEVIN DURKIN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Robert FoersterlingROBERT FOERSTERLING

BOARD MEMBER

Total calculated

$0

Hours/week

1
John LauschJOHN LAUSCH

BOARD MEMBER

Total calculated

$0

Hours/week

1
Anthony MarinoANTHONY MARINO

BOARD MEMBER

Total calculated

$0

Hours/week

5
Joseph PattersonJOSEPH PATTERSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Nicholas RotiNICHOLAS ROTI

BOARD MEMBER

Total calculated

$0

Hours/week

5
James SaralloJAMES SARALLO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Leo SchmitzLEO SCHMITZ

BOARD MEMBER

Total calculated

$0

Hours/week

1
Paul SladePAUL SLADE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Michael T SweigMICHAEL T SWEIG

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jason WinklerJASON WINKLER

TREASURER

Total calculated

$0

Hours/week

1
Sandra WorthamSANDRA WORTHAM

PRESIDENT

Total calculated

$0

Hours/week

15

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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 7 November 2024
IRS schema version: 2023v5.0
Source object: 202433129349302908

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