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← KARL PERL CHARITABLE TR

Form 990 for tax year 2023

Filed by KARL PERL CHARITABLE TR.

Totals

Total revenue
$314,900
Total expenses
$300,000
Contributions and grants received
$0
Grants paid
$300,000
Program service revenue
$0
Investment income
$25
Other revenue
$314,875
Total assets, end of year
$2,227,973
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,227,973
Program services expenses (Part IX)
$300,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$300,000

Program services were 100.0% 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 $25 · excluded $25

  • 6a · Gross rents

    real property $415,693

  • 6b · Less rental expenses

    real property $100,818

  • 6c · Rental income or loss

    real property $314,875

  • 6d · Net rental income or loss

    total $314,875 · excluded $314,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,000 · program services $300,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $107,357 · end of year $138,814

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

    $2,757,883

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

    $668,724

  • 10c · Land, buildings and equipment, net

    beginning of year $2,105,716 · end of year $2,089,159

  • 27 · Net assets without donor restrictions

    beginning of year $2,213,073 · end of year $2,227,973

Mission and programs · 2023

Mission

THE KARL PERL CHARITABLE TRUST IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS, AND TO CARRY OUT THE PURPOSES OF THE JEWISH UNITED FUND OF METROPOLITAN CHICAGO.

  • THE KARL PERL CHARITABLE TRUST OWNS APPROXIMATELY 2,000 ACRES OF FARMLAND IN MINNESOTA AND EARNS INCOME FROM LEASING OF THE PROPERTY. THE NET INCOME FROM THE TRUST IS DISTRIBUTED ANNUALLY TO THE JEWISH UNITED FUND OF METROPOLITAN CHICAGO AND IS DESIGNATED TO AID JEWISH IMMIGRANTS TO THE STATE OF ISRAEL.

    Expenses $300,000 · Grants $300,000

As filed on the 2023 return.

Listed in Part VII

  • DAVID S ROSEN

    TRUSTEE

    Total calculated
    $524,437
    From this org
    $0
    From related orgs
    $444,304
    Other
    $80,133
    Hours/week
    1 + 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

  • ROSE JAGUST

    TRUSTEE - PART YEAR

    Total calculated
    $99,569
    From this org
    $0
    From related orgs
    $89,066
    Other
    $10,503
    Hours/week
    1 + 39 related

  • ELISSA POLAN

    TRUSTEE

    Total calculated
    $153,453
    From this org
    $0
    From related orgs
    $120,157
    Other
    $33,296
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $119,890 related
    Bonus
    $0
    Other
    $0 + $267 related
    Deferred
    $0 + $20,713 related
    Nontaxable benefits
    $0 + $13,017 related
    Filer's total
    $0 + $153,887 related

  • BARRON S PERL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • SHELDON G PERL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • JULIE ANN SKLAVER

    TRUSTEE

    Total calculated
    $143,675
    From this org
    $0
    From related orgs
    $111,302
    Other
    $32,373
    Hours/week
    1 + 39 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.

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 November 2024
IRS schema version
2023v5.1
Source object
202423139349303777

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