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← FRANCISCAN COMMUNITY BENEFITS SERVICES INC

Form 990 for tax year 2024

Filed by FRANCISCAN COMMUNITY BENEFITS SERVICES INC.

Totals

Total revenue
$1,275,967
Total expenses
$747,030
Contributions and grants received
$202,901
Grants paid
$356,000
Program service revenue
$0
Investment income
$1,081,305
Other revenue
-$8,239
Total assets, end of year
$20,291,854
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$20,291,854
Program services expenses (Part IX)
$681,498
Management and general expenses
$33,955
Fundraising expenses
$31,577
Program service expenses (Part III)
$681,498

Program services were 91.2% 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.

  • 1c · Fundraising events

    $26,743

  • 1d · Related organizations

    $55,950

  • 1f · All other contributions, gifts and grants

    $120,208

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $474,765 · excluded $474,765

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $606,540

  • 7c · Gain or loss

    securities $606,540 · other assets $0

  • 7d · Net gain or loss

    total $606,540 · excluded $606,540

  • 8a · Fundraising events: gross income

    $0

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

    $26,743

  • 8b · Fundraising events: direct expenses

    $8,239

  • 8c · Net income from fundraising events

    total -$8,239 · excluded -$8,239

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $356,000 · program services $356,000

  • 7 · Other salaries and wages

    total $195,600 · program services $162,819 · management and general $16,985 · fundraising $15,796

  • 9 · Other employee benefits

    total $42,747 · program services $35,583 · management and general $3,712 · fundraising $3,452

  • 11f · Fees: investment management

    total $81,240 · program services $67,626 · management and general $7,054 · fundraising $6,560

  • 11g · Fees: other

    total $55,705 · program services $46,370 · management and general $4,837 · fundraising $4,498

  • 23 · Insurance

    total $13,889 · program services $11,561 · management and general $1,206 · fundraising $1,122

  • 24a · Other expenses: Supplies

    total $1,849 · program services $1,539 · management and general $161 · fundraising $149

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,537 · end of year $765,599

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,929 · end of year $4,000

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $18,812,365 · end of year $19,522,255

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $16,664 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $947

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,930,327 · end of year $20,524,155

  • 28 · Net assets with donor restrictions

    beginning of year $221 · end of year -$232,301

Mission and programs · 2024

Mission

MISSION - TO celebrate life and serve with joy. Vision - to provide access to Catholic high schools and offer programs for higher education and career readiness for young women from the Chicago area.

Activities or mission (Part I)

ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO.

  • The Madonna Foundation is focused on increasing access to Chicago area single gender Catholic high schools for young women of all faiths who demonstrate financial need and a desire for academic success. As students from first generation and minority backgrounds, our students face barriers. Through our partial tuition assistance and college and careers readiness programs, the Madonna Foundation provides the tools necessary to become successful in high school, college, and beyond.

    Expenses $681,498 · Grants $356,000

As filed on the 2024 return.

Listed in Part VII

  • Bobbie Parkhill

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • James Stark

    Chairman

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Regina Umanskiy

    President & Chief Executive Officer

    Total calculated
    $703,750
    From this org
    $0
    From related orgs
    $618,484
    Other
    $85,266
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,414 related
    Bonus
    $0 + $189,000 related
    Other
    $0 + $3,070 related
    Deferred
    $0 + $83,713 related
    Nontaxable benefits
    $0 + $1,553 related
    Filer's total
    $0 + $703,750 related

  • Andrea Ramirez-Justin

    Secretary

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Robert Rosenberger

    Treasurer and Chief Financial Officer

    Total calculated
    $495,344
    From this org
    $0
    From related orgs
    $392,698
    Other
    $102,646
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,706 related
    Bonus
    $0 + $93,000 related
    Other
    $0 + $2,992 related
    Deferred
    $0 + $62,842 related
    Nontaxable benefits
    $0 + $39,804 related
    Filer's total
    $0 + $495,344 related

  • Tracy Shearer

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION, USING THE FOLLOWING METHODS: *COMPENSATION COMMITTEE *APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE *COMPENSATION STUDY
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING SUMMARY LISTS THE EMPLOYEES PARTICIPATING IN A NONQUALIFIED 457(F) RETIREMENT PLAN. THESE AMOUNTS WERE PAID AND DEFERRED IN CALENDAR 2024: 457(F) Plan Paid/Deferred Regina Umanskiy - $0/$28,563 Robert Rosenberger - $0/$7,692

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.

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 corporations and trusts

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

  • FRANCISCAN ADVISORY SERVICES INC

    C Corporation · MANAGEMENT AND DEVELOPMENT ADVISORY SERVICES · IL

    Directly controlled by Franciscan Sisters of Chicago Service Corporation

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.1
Source object
202601359349306955

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