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Nonprofiteer
← CHICAGO CHESED FUND INC

Form 990 for tax year 2023

Filed by CHICAGO CHESED FUND INC.

Totals

Total revenue
$9,175,312
Total expenses
$8,818,282
Contributions and grants received
$7,929,525
Grants paid
$6,634,254
Program service revenue
$0
Investment income
$306,825
Other revenue
$938,962
Total assets, end of year
$16,229,923
Total liabilities, end of year
$2,210,353
Net assets or fund balances, end of year
$14,019,570
Program services expenses (Part IX)
$7,570,006
Management and general expenses
$1,127,049
Fundraising expenses
$121,227
Program service expenses (Part III)
$7,570,006

Program services were 85.8% 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.

  • 1f · All other contributions, gifts and grants

    $7,929,525

  • 3 · Investment income

    total $324,518 · excluded $324,518

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

    securities $17,693

  • 7c · Gain or loss

    securities -$17,693

  • 7d · Net gain or loss

    total -$17,693 · excluded -$17,693

  • 8a · Fundraising events: gross income

    $1,288,407

  • 8b · Fundraising events: direct expenses

    $349,445

  • 8c · Net income from fundraising events

    total $938,962 · excluded $938,962

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $289,082 · program services $289,082

  • 2 · Grants to domestic individuals

    total $6,345,172 · program services $6,345,172

  • 7 · Other salaries and wages

    total $1,212,508 · program services $664,581 · management and general $547,927

  • 10 · Payroll taxes

    total $92,090 · program services $50,085 · management and general $42,005

  • 11c · Fees: accounting

    total $38,194 · program services $5,500 · management and general $32,694

  • 11d · Fees: lobbying

    total $75,000 · management and general $75,000

  • 12 · Advertising and promotion

    total $128,619 · program services $7,392 · fundraising $121,227

  • 13 · Office expenses

    total $28,184 · management and general $28,184

  • 16 · Occupancy

    total $31,354 · management and general $31,354

  • 17 · Travel

    total $45,719 · management and general $45,719

  • 20 · Interest

    total $63,977 · management and general $63,977

  • 22 · Depreciation, depletion and amortization

    total $182,510 · program services $164,259 · management and general $18,251

  • 23 · Insurance

    total $116,360 · program services $43,935 · management and general $72,425

  • 24a · Other expenses: BANK AND CREDIT CARD CH

    total $76,081 · management and general $76,081

  • 24b · Other expenses: REPAIRS AND MAINTAINANC

    total $64,225 · management and general $64,225

  • 24c · Other expenses: UTILITIES

    total $8,441 · management and general $8,441

  • 24d · Other expenses: INTERNET

    total $8,019 · management and general $8,019

  • 24e · All other expenses

    total $12,747 · management and general $12,747

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,887,279 · end of year $2,491,203

  • 2 · Savings and temporary cash investments

    beginning of year $4,355,368 · end of year $4,038,338

  • 7 · Other notes and loans receivable

    beginning of year $2,675,932 · end of year $3,350,055

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

    $6,503,830

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

    $1,881,990

  • 10c · Land, buildings and equipment, net

    beginning of year $2,073,557 · end of year $4,621,840

  • 12 · Investments: other securities

    beginning of year $1,542,502 · end of year $1,728,487

  • 15 · Other assets

    beginning of year $25,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $90,700 · end of year $2,123,700

  • 25 · Other liabilities

    beginning of year $5,087 · end of year $86,653

  • 27 · Net assets without donor restrictions

    beginning of year $13,463,851 · end of year $14,019,570

Mission and programs · 2023

Mission

TO RAISE AND DISTRIBUTE FUNDS, GOODS, FOOD AND ASSISTANCE TO THE POVERTY-STRICKEN IN THE JEWISH COMMUNITY

  • ASSISTING THE POOR AND INDIGENT BY SUPPLYING FOOD, CLOTHING AND MONETARY ASSISTANCE TO THE POVERTY STRICKEN IN THE JEWISH COMMUNITY

    Expenses $7,570,006 · Grants $6,634,254

As filed on the 2023 return.

Listed in Part VII

  • Moshe Kahn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    60
  • Alan Siegal

    TREASURER

    Total calculated
    $0
    Hours/week
    60
  • Avi Banker

    SECRETARY

    Total calculated
    $0
    Hours/week
    50
  • Eli Hildeshaim

    MEMBER

    Total calculated
    $0
    Hours/week
    40
  • Joseph Fuerst

    MANAGER

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • David Gendel

    DEVELOPMENT MANAGER

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433209349317503

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

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