2025-12-17T07:37:41+00:00 2025-06-30 331498605 Plante & Moran PLLC 10 SOUTH RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-07-01 362662739 SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP SPER 3123221700 610 S MICHIGAN AVENUE CHICAGO IL 60605 DEAN BELL CEO 2025-12-17 true DAVID LOWENTHAL CPA P00378651 3122071040 2025-12-17 2024 2025-03-06 01:10:19Z DEAN BELL 610 S MICHIGAN AVENUE CHICAGO IL 60605 7787035 false X WWW.SPERTUS.EDU X 1924 IL SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP OFFERS AN INNOVATIVE, NON DENOMINATIONAL ARRAY OF SPECIALIZED AND PUBLIC PROGRAMMING, GROUNDED IN JEWISH THOUGHT, INSPIRED BY JEWISH VALUES, AND RESOLUTELY RELEVANT TO PEOPLE'S LIVES TODAY. ("SPERTUS "THE INSTITUTE") IS A JEWISH INSTITUTION GROUNDED IN JEWISH VALUES THAT INVITES PEOPLE OF ALL AGES AND BACKGROUNDS TO EXPLORE THE MULTI-FACETED JEWISH EXPERIENCE. THROUGH ITS INNOVATIVE PUBLIC PROGRAMMING, EXHIBITIONS, COLLECTIONS, RESEARCH FACILITIES AND DEGREE PROGRAMS, SPERTUS INSPIRES LEARNING, SERVES DIVERSE COMMUNITIES AND FOSTERS UNDERSTANDING FOR JEWS AND PEOPLE OF ALL FAITHS, LOCALLY, REGIONALLY AND AROUND THE WORLD 23 23 75 23 0 2194145 3239539 882924 910646 474417 1164237 1821725 1698964 5373211 7013386 466169 329461 0 0 3015196 3086113 0 460381 3898069 3993965 7379434 7409539 -2006223 -396153 61025366 61357609 5866210 5760326 55159156 55597283 X SPERTUS INSTITUTE IS A CENTER FOR JEWISH LEARNING AND LEADERSHIP THAT INVITES PEOPLE OF ALL BACKGROUNDS TO EXPLORE THE MULTIFACETED JEWISH EXPERIENCE. SPERTUS INSTITUTE INSPIRES LEARNING, SERVES DIVERSE COMMUNITIES, AND FOSTERS UNDERSTANDING FOR JEWS AND PEOPLE OF ALL FAITH. false false 702118 1146520 CENTER FOR JEWISH LEADERSHIP: ROOTED IN THE BELIEF THAT GREAT JEWISH COMMUNITIES NEED GREAT LEADERS, THE MISSION OF THE CENTER FOR JEWISH LEADERSHIP (CJL) IS TO TRANSFORM JEWISH LIFE BY CULTIVATING INNOVATIVE APPROACHES TO LEADERSHIP AND ENHANCING THE ABILITIES OF JEWISH PROFESSIONALS AND LAY LEADERS. PROGRAMS OFFERED THROUGH THE CJL PROVIDE PARTICIPANTS WITH A UNIQUE AND HOLISTIC APPROACH TO JEWISH LEADERSHIP THAT SEAMLESSLY INTEGRATES DEEPER UNDERSTANDING OF JEWISH LIFE, CULTURE, AND HISTORY WITH INSIGHTS AND BEST PRACTICES FROM THE WORLDS OF BUSINESS AND NONPROFIT LEADERSHIP. CENTER OFFERINGS INCLUDE SYMPOSIA, PROFESSIONAL WORKSHOPS AND MASTERCLASSES, A CERTIFICATE IN JEWISH LEADERSHIP (OFFERED WITH NORTHWESTERN UNIVERSITY), AND THE MA IN JEWISH PROFESSIONAL STUDIES. 515449 329461 335467 MASTER OF ARTS IN JEWISH PROFESSIONAL STUDIES (MAJPS): THE MAJPS PROGRAM IS A MODEL OF LEARNING AND TRAINING FOR JEWISH PROFESSIONALS, OFFERING CORE COURSES IN JUDAICA TOPICS THAT ARE MOST RELEVANT TO JEWISH COMMUNAL LIFE TODAY, ESSENTIAL PROFESSIONAL TRAINING, AS WELL AS INDIVIDUALIZED STUDY TO ADVANCE STUDENTS' PERSONAL AND PROFESSIONAL INTERESTS. THE PROGRAM IS RUN ON A COHORT BASIS, OFFERING THE OPPORTUNITY FOR STUDENTS FROM A WIDE RANGE OF INSTITUTIONAL AND PROFESSIONAL BACKGROUNDS TO NETWORK AND LEARN FROM ONE ANOTHER AND CREATE A VIBRANT COMMUNITY OF PRACTICE. 280470 597088 JUDAICA DEGREE PROGRAMS (MASTERS DOCTORAL): THE MASTERS-LEVEL PROGRAMS IN JEWISH STUDIES AND JEWISH EDUCATION ARE SEQUENCED, CONTENT SPECIFIC, COHERENT CURRICULA THAT SEEK TO COMMUNICATE TO STUDENTS THE EVOLVING STRUCTURE AND NATURE OF JEWISH CIVILIZATION, THE FUNDAMENTAL RELIGIOUS AND INTELLECTUAL OUTLOOK OF THIS CIVILIZATION, THE CONTRIBUTIONS OF JEWISH CIVILIZATION TO HUMAN CIVILIZATION AND THE INSPIRATION IT CAN PROVIDE FOR STUDENTS TO LEAD A LIFE THAT EMBRACES AND CONTINUES TO EXPLORE THE JEWISH HERITAGE. DOCTORAL-LEVEL PROGRAMS ARE DESIGNED FOR JEWISH PROFESSIONALS SEEKING INCREASED UNDERSTANDING OF THE JEWISH EXPERIENCE AND ACADEMIC GROUNDING IN JEWISH THOUGHT AND PRACTICE. 3409391 508511 OTHER PROGRAM SERVICES 3409391 508511 4907428 true true false false false false false true false true true false false true true false false true true false true false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true 55 0 true 75 true false false false false false false false false false false false false X 23 23 true false false false false false false true true false false false true true true true true true true false false false X X TOM BONOMO 3123221733 610 S MICHIGAN AVENUE CHICAGO IL 60605 BRUCE WERNER TREASURER 5.0 0.0 X X 0 0 0 HAROLD ISRAEL CHAIRPERSON 5.0 0.0 X X 0 0 0 ODETTE OLSON SECRETARY 5.0 0.0 X X 0 0 0 AMY TUCHLER TRUSTEE 1.0 0.0 X 0 0 0 AVRUM GRAY TRUSTEE 1.0 0.0 X 0 0 0 BARBARA BERESKIN TRUSTEE 1.0 0.0 X 0 0 0 BLAIR KLEIN TRUSTEE 1.0 0.0 X 0 0 0 BRUCE CRANE TRUSTEE 1.0 0.0 X 0 0 0 BRUCE HECKTMAN TRUSTEE 1.0 0.0 X 0 0 0 DON KLEINMUNTZ TRUSTEE 1.0 0.0 X 0 0 0 DONNA E BARROWS TRUSTEE 1.0 0.0 X 0 0 0 DR SHARON SILVERMAN TRUSTEE 1.0 0.0 X 0 0 0 IRENA FRIEDGAN TRUSTEE 1.0 0.0 X 0 0 0 LAUREL VAN ALLEN TRUSTEE 1.0 0.0 X 0 0 0 MARK MEHLMAN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL MARKMAN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL SPERTUS TRUSTEE 1.0 0.0 X 0 0 0 MONICA PERLMAN TRUSTEE 1.0 0.0 X 0 0 0 PETER BENSINGER JR TRUSTEE 1.0 0.0 X 0 0 0 PHILIP SPERTUS TRUSTEE 1.0 0.0 X 0 0 0 PHILLIP GORDON TRUSTEE 1.0 0.0 X 0 0 0 SHELLEY STERN GRACH TRUSTEE 1.0 0.0 X 0 0 0 STEVEN WOLFF TRUSTEE 1.0 0.0 X 0 0 0 DEAN BELL PRESIDENT AND CEO 40.0 5.0 X 365042 0 38222 KEREN FRAIMAN CHIEF ACADEMIC OFFICER 40.0 0.0 X 227775 0 5545 GERARDO SANTA CRUZ FACILITIES 40.0 5.0 X 106994 0 2143 PHILLIP THOMPSON DIRECTOR OF FACILITIES 40.0 0.0 X 139363 0 17716 839174 0 63626 4 false true false YOUR PART-TIME CONTROLLER LLC 1500 WALNUT ST SUITE 1200 PHILADELPHIA PA 19102 ACCOUNTING SERVICES 301044 1 3239539 3239539 TUITION FEES 900099 771028 771028 AUXILIARY 900099 134652 134652 PROGRAMMING 611420 4966 4966 0 0 0 0 910646 679997 679997 21524 21524 869244 0 869244 0 869244 869244 1257889 773649 484240 0 484240 484240 VENUE SIX10 COST REIMBURSEMENT 900099 807696 807696 All other revenue 900099 500 500 0 0 0 0 808196 7013386 2587586 0 1186261 X 329461 329461 0 0 636585 406049 188604 41932 1975475 1468963 395984 110528 300580 191419 92370 16791 173473 131005 31018 11450 51604 51604 781832 168549 522966 90317 133368 117839 15529 417777 266006 123267 28504 632631 463137 142113 27381 217421 164238 29003 24180 142992 119830 21831 1331 1280373 965243 243603 71527 140637 92064 42100 6473 EQUIPMENT 161463 109692 40667 11104 BAD DEBTS 22638 22538 100 MISCELLANEOUS EXPENSES 11229 9234 -1239 3234 TEXTS AND INSTITUTIONAL 0 0 0 0 7409539 4907428 2041730 460381 3559158 3645095 201914 303846 335091 269419 0 0 0 0 57292 97989 55299162 23749842 32898451 31549320 16859413 18754413 2112997 2185079 0 5001050 4552448 61025366 61357609 756175 660727 0 0 3195055 3196292 1914980 1903307 5866210 5760326 X 32478386 31779780 22680770 23817503 55159156 55597283 61025366 61357609 X -396153 881939 -47659 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3716668 X X X X false 20583098 170000 1907049 719436 21940711 18829855 274346 1899041 420144 20583098 17872336 284240 1184659 511380 18829855 19847121 287931 -1898365 364351 17872336 16243046 276139 3601744 273808 19847121 0.0 1.0 0.0 true false 3048620 3048620 49011334 21442459 27568875 3239208 2307383 931825 31549320 INTEREST RECEIVABLE 82169 OTHER ASSETS 20671 ARTWORK COLLECTION 3716668 GUARANTEE ON SWAP AGREEMENT 229152 DUE FROM AFFILIATE 502788 INVESTMENT IN VENUE SIX1 1000 4552448 Federal Income Taxes POSTRETIREMENT BENEFIT LIABILITIES 253307 PAYABLE TO JEWISH FEDERATION OF METROPOLITAN CHICAGO 1650000 1903307 7713577 881939 58017 619535 1559491 6154086 51604 807696 859300 7013386 7201204 58017 114713 172730 7028474 51604 329461 381065 7409539 Schedule D, Part III, Line 4 Collections of art - description of collections THE INSTITUTE HAS STEWARDSHIP OF OVER 20,000 RARE AND VALUABLE COLLECTIBLE ITEMS, INCLUDING ARTWORK IN MANY DIFFERENT MEDIA, RARE BOOKS, ANTIQUE AUDIO RECORDINGS, ANTIQUE MAPS, AND RARE MANUSCRIPTS. THE COLLECTIONS PROVIDE A VARIETY OF PORTALS INTO THE JEWISH EXPERIENCE, ALLOWING OUR VISITORS AND STUDENTS THE OPPORTUNITY TO STUDY AND INTERACT WITH ARTIFACTS, SPECIALIZED TEXTS, ARCHIVAL DOCUMENTS AND FINE ART. Schedule D, Part V, Line 4 Intended uses of endowment funds THE JEWISH FEDERATION OF METROPOLITAN CHICAGO HOLDS VARIOUS FUNDS THAT ARE FOR THE BENEFIT OF THE INSTITUTE. BECAUSE THE JEWISH FEDERATION OF METROPOLITAN CHICAGO HAS VARIANCE POWER OVER THESE FUNDS, THEY ARE NOT REFLECTED IN THE INSTITUTES STATEMENT OF FINANCIAL POSITION. THE PURPOSE OF THE ENDOWMENT FUNDS HELD AT JEWISH FEDERATION OF METROPOLITAN CHICAGO ARE FOR PROGRAMMATIC AND BUILDING DEBT SERVICE SUPPORT. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 SCHOLARSHIP AND DISCOUNTS - -329461 REVENUE VENUE SIX10 - 996655 UNREALIZED GAIN ON INTEREST RATE SWAPS - -47659 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements VENUE SIX10 EXPENSE REIMBURSEMENT - 807696 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 EXPENSES VENUE SIX10 - 79936 COGS - 34777 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS AND DISCOUNTS - 329461 true true true true true true true false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE INSTITUTE IS IN COMPLIANCE WITH REV. PROC. 75-50. PRINTED MATERIALS AND ADVERTISEMENTS INCLUDE THE COLLEGE'S NONDISCRIMATORY POLICY. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT DEPARTMENT OF EDUCATION'S FEDERAL FAMILY EDUCATION LOANS (FFEL) ARE DISBURSED TO ELIGIBLE STUDENTS DURING THE YEAR. South America 0 0 Investments 21524 0 0 0 0 0 0 21524 0 21524 false false false false false false Schedule F, Part V SCHEDULE F IS BEING PREPARED ONLY TO DISCLOSE FOREIGN ROYALTY REVENUES OF $21,524 RECEIVED IN FY24. true SCHOLARSHIPS 108 329461 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE SCHOLARSHIPS ARE AWARDED TO SPERTUS STUDENTS AND ARE USED TO OFFSET THEIR TUITION COSTS. X X X false false false false false false false true false DEAN BELL PRESIDENT AND CEO 325042 0 40000 0 0 0 7491 0 30731 0 403264 0 0 0 KEREN FRAIMAN CHIEF ACADEMIC OFFICER 207775 0 20000 0 0 0 4504 0 1041 0 233320 0 0 0 PHILLIP THOMPSON DIRECTOR OF FACILITIES 139363 0 0 0 0 0 2643 0 15073 0 157079 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments ALL BONUS PAYMENTS ARE DISCRETIONARY AND NOT BASED ON EARNINGS OR REVENUES CHAIR OF THE BOARD OF TRUSTEES. ALL OTHER EXECUTIVE BONUSES ARE APPROVED OF THE ORGANIZATIONS. THE PRESIDENT AND CEO'S BONUS IS APPROVED BY THE BY THE PRESIDENT AND CEO. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 3,409,391 including grants of $)(Revenue $ 508,511) OTHER PROGRAM SERVICES Form 990, Part VI, Line 2 Family/business relationships amongst interested persons MICHAEL SPERTUS AND PHILIP SPERTUS, TRUSTEES, HAVE A FAMILY RELATIONSHIP. - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE INSTITUTE'S PRESIDENT/CEO, TREASURER AND CHIEF FINANCIAL OFFICER PERFORM AN INITIAL REVIEW OF THE FORM 990. THE FORM IS THEN REVIEWED IN DETAIL BY THE AUDIT COMMITTEE IN COLLABORATION WITH THE EXTERNAL TAX PREPARERS. A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY BEFORE IT IS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD MONITORS THE CONFLICT OF INTEREST POLICY. EACH TRUSTEE IS REQUIRED TO ANNUALLY DISCLOSE IN WRITING ANY POSSIBLE CONFLICTS OF INTEREST. WHEN A CONFLICT OCCURS, THE TRUSTEE IS RECUSED FROM VOTING ON THE MATTER. Form 990, Part VI, Line 15a Process to establish compensation of top management official FOR THE PRESIDENT'S COMPENSATION, A COMPENSATION COMMITTEE CONSISTING OF SPERTUS TRUSTEES REVIEWED A NATIONAL COMPENSATION SURVEY FOR TOP EXECUTIVES AS WELL AS COMPENSATION LEVELS FOR CEO'S OF SIMILAR CULTURAL AND EDUCATIONAL ORGANIZATIONS. THE COMPENSATION PACKAGE WAS DOCUMENTED IN A FORMAL WRITTEN EMPLOYMENT CONTRACT WHICH WAS THEN APPROVED BY THE FULL BOARD. Form 990, Part VI, Line 19 Required documents available to the public THE INSTITUTE MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). Form 990, Part IX, Line 11g Other Fees OTHER FEES - Total Expense: 781832, Program Service Expense: 168549, Management and General Expenses: 522966, Fundraising Expenses: 90317; Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED LOSS ON INTEREST RATE SWAPS - -47659; Total - -47659; VENUE SIX10 SERVICES LLC 610 S MICHIGAN AVE CHICAGO IL 60605 831015261 SPECIAL EVENTS IL SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP C Corporation 74249 1007481 true false false false false false false false false false false false false false true true false true false false VENUE SIX10 LLC Q 807696 FMV