2025-07-21T11:55:02-05:00 2024-09-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2023-10-01 810585993 PERT Foundation PERT 3126168000 33 S State Street 750 Chicago IL 60603 Andrea Saenz President 3126168000 2025-07-01 1 1 Rebekuh Eley P01247672 3126343400 2025-07-01 2023 2025-03-06 01:10:19Z Andrea Saenz 33 S State Street 750 Chicago IL 60603 313272125 0 X N/A X 2002 IL PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time. 5 4 0 4 0 0 0 311653014 0 0 13021 67415 17 16 13038 311720445 0 318021564 0 0 0 0 0 0 0 9307 80397 9307 318101961 3731 -6381516 428961 317276071 20526 317052064 408435 224007 X PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time. 0 0 318024899 318021564 0 PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time. 318024899 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 IL X The Chicago Community Trust Attn Jim Buckman 3126168000 33 S State Street 750 Chicago IL 60603 Andrea Saenz President and Director 1.00 39.00 X X 0 596277 59332 Elizabeth Liebman Director 1.00 0.00 X 0 0 0 Thomas C Liebman Director 1.00 0.00 X 0 0 0 Margaret Stineman Director 1.00 1.00 X 0 0 0 Bryan Traubert Director 1.00 1.00 X 0 0 0 Jessica Strausbaugh Treasurer 2.00 38.00 X 0 322265 20828 Amy Pena Secretary 2.00 38.00 X 0 231325 31891 0 1149867 112051 0 0 1 0 0 311653014 311653014 15528 15528 1603567 1551680 51887 51887 51887 16 16 16 311720445 0 0 67431 318021564 318021564 35697 35697 3358 3358 29474 29474 10 5 5 1660 830 830 5198 5198 Expense Reimbursements 5000 2500 2500 318101961 318024899 77062 0 9069 9069 23791 18950 396101 0 0 317248052 428961 317276071 20526 36683 0 317015381 20526 317052064 X 408435 -317024045 317248052 408435 224007 428961 317276071 X -6381516 -11596 6208684 X X 0 1 X 0 0 X X 2 The Chicago Community Foundation 363432023 7 1 318021564 0 The Chicago Community Trust 362167000 8 1 0 0 2 318021564 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Form 990, Schedule A, Part IV, Line 1: PERT Foundation (PERT) is a supporting organization of The Chicago Community Trust (Trust) and The Chicago Community Foundation (Foundation). Other supported organizations are designated through the same charitable class or purpose as that of the Trust and Foundation. The mission of the Trust and the Foundation is to lead and inspire philanthropic efforts that measurably improve the quality of life and prosperity in the region. As of 9/30/24, the governing boards of the Trust and Foundation had 17 members and no vacancies and have the power to appoint the majority of the Governing Board of PERT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 408435 408435 0 364524 53218 9307 408435 4676174 -159584 4090000 60 62006 364524 8799428 1532218 5530000 125472 4676174 9416248 343130 865000 94950 8799428 0.00000 0.00000 0.00000 0 0 0 Beneficial Interest in Charitable Term Trust 317248052 317248052 X Part X, Line 2: The Chicago Community Trust and its affiliates received tax determination letters from the Internal Revenue Service indicating that they are tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, are exempt from federal and state income taxes. Income taxes recorded in the accompanying consolidated financial statements for unrelated business income amounted to $122,602 and $73,112 in the fiscal years ended September 30, 2024 and 2023, respectively. Income tax receivable amounted to $1,322,559 and $1,479,988 as of September 30, 2024 and 2023, respectively and is included in other assets in the accompanying consolidated statements of financial position. The Chicago Community Trust accounts for uncertain tax positions in accordance with FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (included in FASB ASC Subtopic 740-10, Income Taxes - Overall). There is no impact on the consolidated financial statements as a result of this pronouncement as the Trust has no significant uncertain tax positions. 1 The Chicago Community Foundation 33 S State St Suite 750 Chicago IL 60603 363432023 501(c)(3) 318021564 0 General support for programs, operations and other charitable purposes 1 0 Part I, Line 2: Prospective grantee organizations are required to submit a proposal requesting funding which outlines the purpose of the grant, the population to be served, and the expected outcomes. The proposal is reviewed by staff and the Grants & Community Outreach Committee to determine the merits of the proposal. The proposal and staff's evaluation is presented to the Board of Directors, if approved by the Board, the proposal is funded. The grantee is required to submit a program and financial report at the end of the funding cycle describing the uses of the funds and the outcomes. 0 0 0 0 0 0 0 1 0 Andrea Saenz President and Director 0 567771 0 27250 0 1256 0 50550 0 8782 0 655609 0 0 Jessica Strausbaugh Treasurer 0 321339 0 0 0 926 0 18339 0 2489 0 343093 0 0 Amy Pena Secretary 0 230285 0 0 0 1040 0 19712 0 12179 0 263216 0 0 Part I, Line 3 The compensation of the President/Director is reviewed annually by the Board of Directors and the Governance and Advocacy Committee of a related tax-exempt organization, The Chicago Community Trust. Part I, Line 7 The President received a performance-based incentive bonus, which is included in Part II, column B (ii). Schedule J, Part II, Line 1, Line 2, Line 3: Ms. Andrea Saenz, Ms. Jessica Strausbaugh, and Ms. Amy Pena are paid employees of The Chicago Community Trust, a related tax-exempt organization. Ms. Andrea Saenz serves as the current President and a Director of PERT Foundation. Ms. Strausbaugh serves as the Treasurer of PERT Foundation. Ms. Amy Pena serves as the Secretary of PERT Foundation. Form 990, Part VI, Section A, line 2 Thomas C. Liebman and Elizabeth Liebman have a familial relationship. Ms. Andrea Saenz, Ms. Jessica Strausbaugh, and Ms. Amy Pena are paid employees of The Chicago Community Trust, a related tax-exempt organization. Ms. Andrea Saenz serves as the current President and a Director of PERT Foundation. Ms. Strausbaugh serves as the Treasurer of PERT Foundation. Ms. Amy Pena serves as the Secretary of PERT Foundation. Form 990, Part VI, Section A, line 6 The Members of PERT Foundation are divided into two classes: the initial Donor Members were Charles Liebman and Mary Liebman. The current Donor Member is Thomas Liebman. The initial Publicly Supported Organization Member is The Chicago Community Trust. Form 990, Part VI, Section A, line 7a The Member (The Chicago Community Trust) has the rights to the election and removal of directors from the Corporation (PERT Foundation). Form 990, Part VI, Section A, line 7b Per its Articles of Incorporation, upon dissolution, PERT Foundation's (Corporation) remaining assets will be distributed to The Chicago Community Trust (Member) for its general charitable purposes. The Member also possesses the right to elect or remove any director from office without cause. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed and approved by the President of the Board before filing with the IRS. When there is a vacancy, the Treasurer and Secretary reviews and approves before filing with the IRS. The Form 990 is subsequently circulated to other board members prior to filing with the IRS. Form 990, Part VI, Section C, line 19 A copy of the governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). Currently, the organization does not have a formal conflict of interest policy, whistleblower policy, or document retention and destruction policy, but is currently following the policies of The Chicago Community Trust. Form 990, Part XI, line 9: Gain on Beneficial Interest in Charitable Term Trust 6,208,684. Form 990, Part XII, Financial Statements and Reporting, Line 2c: The audit committee of the supported organization, The Chicago Community Trust, assumes responsibility for oversight of the audit, review of the financial statements, and selection of the independent accountants. Form 990, Part VII, Section A, Column B, Activities of the Board: Activities of the Board include: attending and preparing for board meetings and various other administrative matters. The Chicago Community Foundation 33 S State Street Suite 750 Chicago IL 60603 363432023 Philan. Grantmaking IL 501(c)(3) Line 7 CCT 1 The Chicago Community Trust 33 S State Street Suite 750 Chicago IL 60603 362167000 Philan. Grantmaking IL 501(c)(3) Line 8 N/A 0 Metropolis Strategiess NFP 33 S State Street Suite 750 Chicago IL 60603 364278088 Philan. Grantmaking IL 501(c)(3) Line 12a, I CCT 1 Charitable Term Trust Hold Investments IL N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 The Chicago Community Foundation B 318021564 FMV The Chicago Community Trust P 31682 FMV