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Nonprofiteer
← HILLELS OF ILLINOIS ENDOWMENT FOUNDATION

Form 990 for tax year 2023

Filed by HILLELS OF ILLINOIS ENDOWMENT FOUNDATION.

Totals

Total revenue
$877,222
Total expenses
$1,246,479
Contributions and grants received
$959,244
Grants paid
$1,169,021
Program service revenue
$0
Investment income
-$82,022
Other revenue
$0
Total assets, end of year
$8,793,677
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,793,677
Program services expenses (Part IX)
$1,169,196
Management and general expenses
$58,523
Fundraising expenses
$18,760
Program service expenses (Part III)
$1,169,196

Program services were 93.8% 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.

  • 1d · Related organizations

    $381,012

  • 1f · All other contributions, gifts and grants

    $578,232

  • 3 · Investment income

    total $64,127 · excluded $64,127

  • 7a · Gross sales of assets other than inventory

    securities $1,217,578

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

    securities $1,363,727

  • 7c · Gain or loss

    securities -$146,149

  • 7d · Net gain or loss

    total -$146,149 · excluded -$146,149

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,169,021 · program services $1,169,021

  • 11f · Fees: investment management

    total $28,901 · management and general $28,901

  • 24a · Other expenses: ALLOCATED EXPENSES

    total $48,382 · management and general $29,622 · fundraising $18,760

  • 24b · Other expenses: MISCELLANEOUS

    total $175 · program services $175

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $198,036 · end of year $297,268

  • 12 · Investments: other securities

    beginning of year $7,998,624 · end of year $8,442,343

  • 15 · Other assets

    beginning of year $70,500 · end of year $54,066

  • 27 · Net assets without donor restrictions

    beginning of year $4,397,412 · end of year $3,055,416

  • 28 · Net assets with donor restrictions

    beginning of year $3,869,748 · end of year $5,738,261

Mission and programs · 2023

Mission

THE FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO, A NOT-FOR-PROFIT ORGANIZATION.

  • DISTRIBUTIONS ARE MADE FOR THE BENEFIT OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO'S HILLEL PROGRAM WHICH SUPPORTS A VAST ARRAY OF JEWISH ACTIVITIES FOR STUDENTS AT COLLEGES, UNIVERSITIES AND PROFESSIONAL SCHOOLS IN ILLINOIS. THE HILLEL PROGRAM PROVIDES OPPORTUNITIES FOR JEWISH STUDENTS TO EXPLORE AND CELEBRATE THEIR JEWISH IDENTITY AT 16 DIFFERENT COLLEGE CAMPUSES IN ILLINOIS, AS WELL AS THROUGH HILLEL REGIONAL PROGRAMS. HILLEL ADDS VALUE - AND JEWISH VALUES - TO THE LIVES OF JEWISH COLLEGE STUDENTS AND THE ENTIRE CAMPUS COMMUNITY. HILLEL SEEKS TO CREATE A PLURALISTIC, WELCOMING AND INCLUSIVE ENVIRONMENT FOR JEWISH COLLEGE STUDENTS: AN ENVIRONMENT WHERE STUDENTS ARE ENCOURAGED TO GROW INTELLECTUALLY, SPIRITUALLY AND SOCIALLY.

    Expenses $1,169,196 · Grants $1,169,021

As filed on the 2023 return.

Listed in Part VII

  • Peter Barack

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ila Lewis

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Robert Matanky

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Joseph Ament

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sue Rifas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Phyllis Tabachnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bruce Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.5 related

  • David S Rosen

    ASSISTANT SECRETARY

    Total calculated
    $524,437
    From this org
    $0
    From related orgs
    $444,304
    Other
    $80,133
    Hours/week
    0.3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,723 related
    Bonus
    $0
    Other
    $0 + $35,581 related
    Deferred
    $0 + $61,139 related
    Nontaxable benefits
    $0 + $19,770 related
    Filer's total
    $0 + $525,213 related

  • Steven A Wander

    ASSISTANT SECRETARY

    Total calculated
    $128,228
    From this org
    $0
    From related orgs
    $111,895
    Other
    $16,333
    Hours/week
    0.3 + 36.5 related

  • James A Pinkston

    ASSISTANT TREASURER

    Total calculated
    $352,592
    From this org
    $0
    From related orgs
    $304,536
    Other
    $48,056
    Hours/week
    0.3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,374 related
    Bonus
    $0
    Other
    $0 + $162 related
    Deferred
    $0 + $29,062 related
    Nontaxable benefits
    $0 + $19,977 related
    Filer's total
    $0 + $353,575 related

  • Peter Chiswick

    ASSISTANT TREASURER

    Total calculated
    $271,588
    From this org
    $0
    From related orgs
    $233,080
    Other
    $38,508
    Hours/week
    0.3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,930 related
    Bonus
    $0
    Other
    $0 + $6,150 related
    Deferred
    $0 + $30,077 related
    Nontaxable benefits
    $0 + $9,148 related
    Filer's total
    $0 + $272,305 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
DAVID ROSEN: THE JEWISH FEDERATION HAS AN AGREEMENT WITH DAVID ROSEN WHICH PROVIDES FOR ANNUAL PAYMENTS OF $25,000 PER YEAR BEGINNING IN 2018 AND ENDING IN 2028. IN 2017, THE JEWISH FEDERATION ENTERED INTO A SECOND AGREEMENT WITH DAVID ROSEN WHICH PROVIDES FOR ANNUAL PAYMENTS OF $25,000 BEGINNING IN 2022 AND ENDING IN 2032. IN TOTAL, DAVID ROSEN RECEIVED $50,000 OF DISTRIBUTIONS FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS IN 2023.

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.

  • JFMC POOLED ENDOWMENT PORTFOLIO LLC

    SEE SCH. R, PART VII · IL

Related corporations and trusts

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

  • CHARITABLE REMAINDER UNITRUSTS (18)

    T · CHARITABLE TRUST · IL

  • CHARITABLE REMAINDER ANNUITY TRUSTS (2)

    T · CHARITABLE TRUST · IL

Provenance

Return type
form_990
Tax year
2023
Filed
7 March 2025
IRS schema version
2023v6.0
Source object
202540719349300439

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