SQUARE ONE FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SQUARE ONE FOUNDATION (EIN 36-6068835)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-29
- IRS object ID
- 202143339349100019
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-29T12:55:43-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362700600 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINEBERG SOLHEIM HOWELL & SHAIN PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 N LASALLE ST STE 2200 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 366068835 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SQUARE ONE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SQUA | BusinessNameControlTxt |
| Phone | 3126665500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 W ERIE ST | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PRISCILLA KERSTEN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3126665500 | PhoneNum |
| Signature | 2021-11-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PRISCILLA | PersonFirstNm |
| Person Last | KERSTEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL S SOLHEIM CPA | PreparerPersonNm |
| PTIN | P00570974 | PTIN |
| Phone | 3123720440 | PhoneNum |
| Preparation | 2021-11-24 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $94,304,860 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $6,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $374,196 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $374,196 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $675,593 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $675,593 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,344,061 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,462,932 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,344,061 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $320,356 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $320,356 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $10,714,206 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,714,206 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,400 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,400 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $186,760 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $186,760 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $38,778 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $38,778 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $734,401 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $734,401 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $965,339 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $773,179 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $192,160 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,921,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,921,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,886,839 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $773,179 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,113,660 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $7,827,367 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,941,027 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $3,047,147 | CashBOYAmt |
| Cash EOY | $6,272,991 | CashEOYAmt |
| Cash EOYFMV | $6,272,991 | CashEOYFMVAmt |
| Other Investments BOY | $63,907,010 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $68,508,533 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $88,031,869 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $66,954,157 | TotalAssetsBOYAmt |
| Total Assets EOY | $74,781,524 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $94,304,860 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $66,954,157 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $74,781,524 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $66,954,157 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $74,781,524 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $66,954,157 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $74,781,524 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $66,954,157 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $7,827,367 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $74,781,524 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $74,781,524 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| FLOW THROUGH PARTNERSHIPS | P | 2017-07-01 | 2020-12-31 | $1,362,671 | $1,362,671 | $1,362,671 | |
| VULCAN VALUE | P | 2015-02-20 | 2020-08-15 | $224,219 | $224,219 | $224,219 | |
| PIMCO TOTAL RETURN | P | 2015-10-13 | 2020-05-20 | $34,130 | $34,130 | $34,130 | |
| NORTHERN TRUST | P | 2013-08-20 | 2020-12-31 | $1,841,912 | $1,841,912 | $1,841,912 | |
| IVA FUND | P | 2018-05-21 | 2020-09-16 | -$118,871 | -$118,871 | $118,871 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,344,061 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $54,780 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $54,780 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $54,780 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $49,170 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $66,020 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $16,850 | OriginalReturnTaxPaidAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $232 | EsPenaltyAmt |
| Overpayment | $11,008 | OverpaymentAmt |
| Applied To ES Tax | $11,008 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PRISCILLA KERSTEN | IndividualWithBooksNm |
| Phone | 3126665500 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 W ERIE ST | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PRISCILLA KERSTEN | ||||||||
| 701 W ERIE ST | CHICAGO | IL | 60654 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| SUSAN GOLDENBERG | ||||||||
| 2 N LASALLE ST | CHICAGO | IL | 60602 | ASST. SEC'Y | 0.00 | $0 | $0 | $0 |
| STEVEN A KERSTEN | ||||||||
| 701 W ERIE ST | CHICAGO | IL | 60654 | SEC'Y, TREAS. | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CAMBRIDGE ASSOCIATES LLC | |||||
| 100 SUMMER ST | BOSTON | MA | 02110 | INVESTMENT ADVISORS | $136,635 |
| NORTHERN TRUST | |||||
| 50 S LASALLE ST | CHICAGO | IL | 60675 | INVESTMENT ADVISORS | $87,559 |
| CYNTHIA CANARY | |||||
| 1347 W NORWOOD | CHICAGO | IL | 60660 | CONSULTANT | $48,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,885,873 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $77,390,408 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $79,276,281 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $79,276,281 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,189,144 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $78,087,137 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,904,357 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,904,357 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $54,780 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $54,780 | TotalTaxAmt |
| Distributable Before Adj | $3,849,577 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,849,577 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,849,577 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,113,660 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,113,660 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,113,660 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,849,577 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $400,713 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,113,660 | QualifyingDistributionsAmt |
| Applied To Year1 | $400,713 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,712,947 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,136,630 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | STEVEN A KERSTEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (37 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ADVANCE ILLINOIS | |||||||
| 303 EAST WACKER | CHICAGO | IL | 60601 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $50,000 |
| ASIAN AMERICANS ADVANCING JUSTICE | |||||||
| 4716 N BROADWAY | CHICAGO | IL | 60640 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $60,000 |
| BRAVEN | |||||||
| 171 N ABERDEEN | CHICAGO | IL | 60607 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $35,000 |
| BRENNAN CENTER FOR JUSTICE | |||||||
| 120 BROADWAY | NEW YORK | NY | 10269 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $100,000 |
| BUSINESS & PROFESSIONALS IN PUBLIC INTEREST | |||||||
| 25 E WASHINGTON | CHICAGO | IL | 60602 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $55,000 |
| CHICAGO CHILDREN'S CHOIR | |||||||
| 78 EAST WASHINGTON | CHICAGO | IL | 60602 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $105,000 |
| CHICAGO COMMUNITY FOUNDATION | |||||||
| 225 N MICHIGAN | CHICAGO | IL | 60601 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $25,000 |
| CHICAGO FOUNDATION FOR WOMEN | |||||||
| 140 S DEARBORN | CHICAGO | IL | 60603 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $35,000 |
| CHICAGO LAWYERS COMMITTEE FOR CIVIL RIGHTS | |||||||
| 100 N LASALLE | CHICAGO | IL | 60602 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $35,000 |
| CHICAGO PUBLIC MEDIA | |||||||
| 848 E GRAND | CHICAGO | IL | 60611 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $11,500 |
| CHICAGO UNITED FOR EQUITY | |||||||
| 100 N LASALLE | CHICAGO | IL | 60601 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $10,000 |
| BE THE CHANGE VENTURE | |||||||
| 4510 CEDARBROOK | CLEVELAND | OH | 44118 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $5,000 |
| COMMUNITY PARTNERS FOR HOUSING | |||||||
| 400 CENTRAL | HIGHLAND PARK | IL | 60035 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $5,000 |
| CHILDREN FIRST FUND | |||||||
| 200 W MADISONI | CHICAGO | IL | 60606 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $50,000 |
| DEBATE IT FORWARD | |||||||
| 3180 N LAKESHORE DR | CHICAGO | IL | 60657 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $15,000 |
| COMMUNITIES UNITIED | |||||||
| 4600 W PALMER | CHICAGO | IL | 60639 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $25,000 |
| ENVIRONMENTAL LAW & POLICY CENTER | |||||||
| 35 E WACKER | CHICAGO | IL | 60601 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $10,000 |
| CROSSROADS FUND | |||||||
| 3411 W DIVERSEY | CHICAGO | IL | 60647 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $35,000 |
| ENLACE | |||||||
| 2756 S HARDING | CHICAGO | IL | 60623 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $5,000 |
| EXPERIMENTAL STATION | |||||||
| 6100 S BLACKSTONE | CHICAGO | IL | 60637 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $35,000 |
| HIGH JUMP | |||||||
| 59 W NORTH | CHICAGO | IL | 60610 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $32,500 |
| KIDSFIRST CHICAGO | |||||||
| 21 S CLARK | CHICAGO | IL | 60603 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $50,000 |
| LAWYERS COMMITTEE FOR HOUSING | |||||||
| 33 N LASALLE | CHICAGO | IL | 60602 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $75,000 |
| METROPOLITAN TENANTS ORGANIZATION | |||||||
| 1727 S INDIANA | CHICAGO | IL | 60616 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $25,000 |
| MIKVA CHALLENGE | |||||||
| 332 S MICHIGAO | CHICAGO | IL | 60604 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $77,500 |
| PARTNERSHIP FOR COLLEGE COMPLETION | |||||||
| 322 S MICHIGAN | CHICAGO | IL | 60604 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $20,000 |
| NATIONAL LAWYERS COMMITTEE FOR CIVIL RIGHTS | |||||||
| 1500 K ST NW | WASHINGTON | DC | 20005 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $100,000 |
| NATIONAL PUBLIC HOUSEING MUSEUM | |||||||
| 625 N KINGSBURY | CHICAGO | IL | 60654 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $25,000 |
| ROSELAND COMMUNITY HOSPITAL | |||||||
| 45 W 111TH | CHICAGO | IL | 60628 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $100,000 |
| SOUTHERN POVERTY LAW CENTER | |||||||
| 400 WASHINGTON | MONTGOMERY | AL | 36177 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $10,000 |
| UNIVERSITY OF CHICAGO | |||||||
| 5235 S HARPER | CHICAGO | IL | 60615 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $385,000 |
| SOUTH SHORE HOSPITAL | |||||||
| 8012 S CRANDON | CHICAGO | IL | 60617 | GENERAL CHARITABLE PURPOSE | $100,000 | ||
| SURGE INSTITUE | |||||||
| 935 W CHESTNUT | CHICAGO | IL | 60642 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $25,000 |
| LORETTO HOSPITAL | |||||||
| 645 S CENTRAL | CHICAGO | IL | 60644 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $100,000 |
| TIDES FOUNDATION MVP | |||||||
| 1012 TORREY AVE | SAN FRANCISO | CA | 94129 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $25,000 |
| URBAN GROWERS COLLECTIVE | |||||||
| 5235 S HARPER CT | CHICAGO | IL | 60615 | NONE | PC | GENERAL CHARITABLE PURPOSE | $30,000 |
| YEAR UP | |||||||
| 233 W JACKSON | CHICAGO | IL | 60606 | NONE | 501(C)(3) | GENERAL CHARITABLE PURPOSE | $35,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,921,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $374,196 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $675,593 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,344,061 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INVESTMENT INCOME | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $320,356 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,714,206 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,714,206 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVEN KERSTEN | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 W ERIE ST | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $6,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $5,400 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,400 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | AMENDED CHANGES | IdentifierTxt |
| Form And Line Reference | FORM 1, LINES 16B, 16C, 18, 23, 24(A), 24(B) AND 24(C) | FormAndLineReferenceDesc |
| Medium Explanation | AMENDED RETURN: PAGE 1 DID NOT INCLUDE THE FOLLOWING EXPENSES PAID IN 2020.LINE 16B ACCOUNTING FEES $ 5,400.LINE 16C PROFESSONAL FEES $186,760.LINE 18 FOREIGN TAXES $ 38,778.LINE 23 OTHER EXPENSES: INVESTMENT EXP $706,105. INV. INTEREST EXP $ 28,296.LINE 24(A) TOTAL OPERATING & ADMIN $965,339.LINE 24(B) $734,401.LINE 24(C) $192,160. | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MANAGED ACCOUNTS | AT COST | $33,996,751 | $42,094,173 |
| INVESTMENT PARTNERSHIPS | AT COST | $34,511,782 | $45,937,696 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT EXPENSES | $706,105 | $706,105 | $0 |
| INVESTMENT INTEREST EXPENSE | $28,296 | $28,296 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INVESTMENT INCOME | Desc |
| Revenue And Expenses Per Books | $320,356 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $320,356 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $320,356 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOUNDATION ADVISORS | CategoryTxt |
| Amt | $186,760 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $186,760 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $38,778 | Amt |
| Net Investment Income | $38,778 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |