2024-12-12T17:09:55-06:00 2024-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-07-01 362662739 SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP SPER 3123221700 610 S MICHIGAN AVENUE CHICAGO IL 60605 DEAN BELL PRESIDENT & CEO 3123221700 2024-12-11 1 1 DAVID LOWENTHAL P00378651 3122071040 2024-12-11 2023 2024-10-15 13:58:12Z DEAN BELL 610 S MICHIGAN AVENUE CHICAGO IL 60605 6348817 0 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 OR "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. 21 21 70 21 0 0 35403078 2194145 1090571 882924 619548 474417 1529690 1821725 38642887 5373211 583792 466169 0 0 3123363 3015196 0 0 400146 4826680 3898069 8533835 7379434 30109052 -2006223 61720247 61025366 6142640 5866210 55577607 55159156 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. 0 0 658544 0 481922 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. 712004 0 840182 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. 288343 0 594913 JUDAICA DEGREE PROGRAMS (MASTERS AND 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, THECONTRIBUTIONS 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. 3256067 466169 774414 3256067 466169 774414 4914958 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 68 0 1 70 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X TOM BONOMO 3123221733 610 S MICHIGAN AVENUE CHICAGO IL 60605 DONNA E BARROWS PAST CHAIRMAN 1.00 0.00 X X 0 0 0 PETER BENSINGER JR PAST CHAIRMAN 1.00 0.00 X X 0 0 0 BRUCE HECKTMAN TREASURER/VICE CHAIRMAN 1.00 0.00 X X 0 0 0 DR SHARON SILVERMAN CHAIRMAN 5.00 0.00 X X 0 0 0 BARBARA BERESKIN TRUSTEE 1.00 0.00 X 0 0 0 BRUCE CRANE TRUSTEE 1.00 0.00 X 0 0 0 BLAIR KLEIN TRUSTEE 1.00 0.00 X 0 0 0 IRENA FRIEDGAN TRUSTEE 1.00 0.00 X 0 0 0 PHILLIP GORDON TRUSTEE 1.00 0.00 X 0 0 0 AVRUM GRAY TRUSTEE 1.00 0.00 X 0 0 0 HAROLD ISRAEL TRUSTEE 1.00 0.00 X 0 0 0 DON KLEINMUNTZ TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL MARKMAN TRUSTEE 1.00 0.00 X 0 0 0 ODETTE OLSON TRUSTEE 1.00 0.00 X 0 0 0 MONICA PERLMAN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL SPERTUS TRUSTEE 1.00 0.00 X 0 0 0 PHILIP SPERTUS TRUSTEE 1.00 0.00 X 0 0 0 SHELLEY STERN GRACH TRUSTEE 1.00 0.00 X 0 0 0 BRUCE WERNER TRUSTEE 1.00 0.00 X 0 0 0 STEVEN WOLFF TRUSTEE 1.00 0.00 X 0 0 0 MARK MEHLMAN TRUSTEE 1.00 0.00 X 0 0 0 DEAN BELL PRESIDENT AND CEO 40.00 5.00 X 341666 0 15610 KEREN FRAIMAN CHIEF ACADEMIC OFFICER 40.00 0.00 X 215926 0 15831 BETSY GOMBERG MARKETING DIRECTOR 40.00 10.00 X 104329 0 8954 GERARDO SANTA CRUZ FACILITIES 40.00 5.00 X 100125 0 4006 762046 0 44401 4 0 1 0 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT ST SUITE 1200 PHILADELPHIA PA 19102 ACCOUNTING SERVICES 327855 1 2194145 2194145 TUITION FEES 900099 761302 761302 AUXILIARY 900099 118822 118822 PROGRAMMING 611420 2800 2800 882924 520612 520612 1133 1133 1111412 0 1111412 1111412 1111412 929411 975606 -46195 -46195 -46195 VENUE SIX10 COST REIMBURSEMENT 900099 697095 697095 12085 12085 709180 5373211 2691431 0 487635 X 466169 466169 589032 376392 143547 69093 2019150 1432485 529967 56698 236622 138493 87981 10148 170392 119565 42836 7991 41711 41711 817331 134528 641154 41649 164695 124652 40043 739519 573269 94365 71885 49453 31739 11121 6593 354 354 176752 165587 7880 3285 137998 135168 2035 795 1330849 995025 265306 70518 107857 74968 27457 5432 EQUIPMENT 159708 118243 31791 9674 BAD DEBTS 90482 90482 TEXTS AND INSTITUTIONAL 20492 20492 MISCELLANEOUS EXPENSES 16984 12382 3748 854 43884 29617 8779 5488 7379434 4914958 2064330 400146 4353550 3559158 634193 201914 235512 335091 73161 57292 55246945 22348494 34235412 32898451 15598851 16859413 2000460 2112997 4589108 5001050 61720247 61025366 1022281 756175 3193819 3195055 1926540 1914980 6142640 5866210 X 33907355 32478386 21670252 22680770 55577607 55159156 61720247 61025366 X -2006223 1525092 62680 X 0 1 X 1 0 X 3747667 6380964 4105088 34757847 2194145 51185711 3747667 6380964 4105088 34757847 2194145 51185711 89223 51096488 361150 346202 463952 641233 521745 2334282 134724 419724 15350 186960 12085 768843 54288836 10041922 0.94120 0.94620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3716668 X X X X 0 18829855 274346 1899041 420144 20583098 17872336 284240 1184659 511380 18829855 19847121 287931 -1898365 364351 17872336 16243046 276139 3601744 273808 19847121 15442439 328699 591660 119752 16243046 0.00000 1.00000 0.00000 1 0 3048620 3048620 49011334 20217175 28794159 3186991 2131319 1055672 32898451 INTEREST RECEIVABLE 10053 OTHER ASSETS 28875 ARTWORK COLLECTION 3716668 GUARANTEE ON SWAP AGREEMENT 309782 DUE FROM AFFILIATE 934672 INVESTMENT IN VENUE SIX10 1000 5001050 POSTRETIREMENT BENEFIT LIABILITIES 264980 PAYABLE TO JEWISH FEDERATION OF METROPOLITAN CHICAGO 1650000 1914980 6745110 1525092 74925 510688 2110705 4634405 41711 697095 738806 5373211 7069713 74925 123234 198159 6871554 41711 466169 507880 7379434 PART III, LINE 4: 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. PART V, LINE 4: 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND DISCOUNTS -466,169. REVENUE VENUE SIX10 914,177. UNREALIZED GAIN ON INTEREST RATE SWAPS 62,680. PART XI, LINE 4B - OTHER ADJUSTMENTS: VENUE SIX10 EXPENSE REIMBURSEMENT 697,095. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES VENUE SIX10 81,334. COGS 41,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND DISCOUNTS 466,169. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE IS IN COMPLIANCE WITH REV. PROC. 75-50. PRINTED MATERIALS AND ADVERTISEMENTS INCLUDE THE COLLEGE'S NONDISCRIMATORY POLICY. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: DEPARTMENT OF EDUCATION'S FEDERAL FAMILY EDUCATION LOANS (FFEL) ARE DISBURSED TO ELIGIBLE STUDENTS DURING THE YEAR. 1 SCHOLARSHIPS 118 466169 PART I, LINE 2: THE SCHOLARSHIPS ARE AWARDED TO SPERTUS STUDENTS AND ARE USED TO OFFSET THEIR TUITION COSTS. X X X 0 0 0 0 0 0 0 1 0 DEAN BELL PRESIDENT AND CEO 316666 0 25000 0 0 0 6860 0 8750 0 357276 0 0 0 KEREN FRAIMAN CHIEF ACADEMIC OFFICER 205926 0 10000 0 0 0 4241 0 11590 0 231757 0 0 0 PART I, LINE 7 ALL BONUS PAYMENTS ARE DISCRETIONARY AND NOT BASED ON EARNINGS OR REVENUES OF THE ORGANIZATIONS. THE PRESIDENT AND CEO'S BONUS IS APPROVED BY THE CHAIR OF THE BOARD OF TRUSTEES. ALL OTHER EXECUTIVE BONUSES ARE APPROVED BY THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL SPERTUS AND PHILIP SPERTUS, TRUSTEES, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION B, LINE 15A 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, SECTION C, LINE 19 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: PROGRAM SERVICE EXPENSES 134,528. MANAGEMENT AND GENERAL EXPENSES 641,154. FUNDRAISING EXPENSES 41,649. TOTAL EXPENSES 817,331. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAPS 62,680. VENUE SIX10 SERVICES LLC 610 S MICHIGAN AVE CHICAGO IL 60605 831015261 SPECIAL EVENTS IL SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP C 914177 918274 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 VENUE SIX10 LLC Q 697095