PERT FOUNDATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PERT FOUNDATION (EIN 81-0585993)
Tax period
2019-10-01 to 2020-09-30
Filed
2021-08-11
IRS object ID
202102239349300545
Schema version
2019v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-08-11T16:47:28-05:00ReturnTs
Tax Period End2020-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130 S Wacker Drive Ste 3300AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810585993EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Pert FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPERTBusinessNameControlTxt
Phone3126168000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1225 N Michigan Ave No 2200AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJason BaxendalePersonNm
Person TitlePresidentPersonTitleTxt
Phone3126168000PhoneNum
Signature2021-07-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRebekuh EleyPreparerPersonNm
PTINP01247672PTIN
Phone3126343400PhoneNum
Preparation2021-07-27PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJason M BaxendalePrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1225 N Michigan Ave No 2200AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,827,931GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionThe 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.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$378,628PYInvestmentIncomeAmt
CY Investment Income-$79,203CYInvestmentIncomeAmt
PY Other Revenue$921PYOtherRevenueAmt
CY Other Revenue$505CYOtherRevenueAmt
PY Total Revenue$379,549PYTotalRevenueAmt
CY Total Revenue-$78,698CYTotalRevenueAmt
PY Grants And Similar Paid$920,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$865,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$90,014PYOtherExpensesAmt
CY Other Expenses$94,950CYOtherExpensesAmt
PY Total Expenses$1,010,014PYTotalExpensesAmt
CY Total Expenses$959,950CYTotalExpensesAmt
PY Revenues Less Expenses-$630,465PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,038,648CYRevenuesLessExpensesAmt
Total Assets BOY$9,427,365TotalAssetsBOYAmt
Total Assets EOY$8,853,659TotalAssetsEOYAmt
Total Liabilities BOY$11,117TotalLiabilitiesBOYAmt
Total Liabilities EOY$54,231TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,416,248NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,799,428NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$885,650ExpenseAmt
Grant$865,000GrantAmt
DescThe 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.Desc
Total Program Service Expenses$885,650TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Chicago Community Trust Attn Rosa CarrilloBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3126168000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1225 N Michigan Ave No 2200AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Jessica Strausbaugh
Treasurer and Secretary1.0039.00Yes (X)$0$274,106$3,925
Jason Baxendale
President and Director1.0039.00Yes (X)$0$247,671$18,666Yes (X)
Heather Bilandic Black
Vice President and Director1.000.00Yes (X)$0$0$0Yes (X)
James J Glasser
Director1.000.00$0$0$0Yes (X)
Elizabeth Liebman
Director1.000.00$0$0$0Yes (X)
Thomas C Liebman
Director1.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$521,777TotReportableCompRltdOrgAmt
Total Other Compensation$22,591TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$217,223TotalRevenueColumnAmt
Exclusion$217,223ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,610,203SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,906,629SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$296,426SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$296,426TotalRevenueColumnAmt
Exclusion-$296,426ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$505TotalRevenueColumnAmt
Exclusion$505ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$505OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$78,698TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$78,698ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$865,000TotalAmt
Program Services$865,000ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$51,836TotalAmt
Management And General$51,836ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,785TotalAmt
Management And General$1,785ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$29TotalAmt
Management And General$29ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescExpense ReimbursementsDesc
Total$41,300TotalAmt
Program Services$20,650ProgramServicesAmt
Management And General$20,650ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$959,950TotalAmt
Program Services$885,650ProgramServicesAmt
Management And General$74,300ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,519BOYAmt
EOY$5,519EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$194,640BOYAmt
EOY$410,705EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,227,206BOYAmt
EOY$8,437,435EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$9,427,365BOYAmt
EOY$8,853,659EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,117BOYAmt
EOY$54,231EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,117BOYAmt
EOY$54,231EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,416,248BOYAmt
EOY$8,799,428EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,416,248BOYAmt
EOY$8,799,428EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,427,365BOYAmt
EOY$8,853,659EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,038,648ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$421,828NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
The Chicago Community Foundation
3634320237Yes (1)$25,000$0
The Chicago Community Trust
3621670008Yes (1)$100,000$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$125,000SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing Doc0ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgYes (1)OrganizationChangeSuprtOrgInd
Supported Org Class DesignatedYes (1)SupportedOrgClassDesignatedInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Schedule A, Part I, Line 12g:Monetary support to supported organizations by charitable class or purpose was $865,000. See Schedule I and Schedule A narratives for details.
Form 990, Schedule A, Part IV, Line 1:The 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 9/30/20, the governing boards of the Trust and Foundation had 15 members and 2 vacancies and have the power to appoint the majority of the Governing Board of Pert.
Form 990, Schedule A, Part IV, Lines 5a and 5b:Pert supports the charitable purposes of the Trust and Foundation by making grants to charitable organizations that operate exclusively to perform the functions or to carry out the purposes of the Trust or Foundation by promoting the mental, moral, intellectual and physical improvements, assistance, and relief of the inhabitants of the greater Chicago Metropolitan area. Grants made by Pert to charitable organizations greater than $5,000 are listed on Schedule I. These supported organizations are designated by class or purpose and support the charitable purposes of the Trust and Foundation.

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$9,416,248BeginningYearBalanceAmt
Investment Earnings Or Losses$343,130InvestmentEarningsOrLossesAmt
Grants Or Scholarships$865,000GrantsOrScholarshipsAmt
Administrative Expenses$94,950AdministrativeExpensesAmt
End Year Balance$8,799,428EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$10,384,659BeginningYearBalanceAmt
Investment Earnings Or Losses$41,603InvestmentEarningsOrLossesAmt
Grants Or Scholarships$920,000GrantsOrScholarshipsAmt
Administrative Expenses$90,014AdministrativeExpensesAmt
End Year Balance$9,416,248EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$27,538,681BeginningYearBalanceAmt
Investment Earnings Or Losses$1,281,142InvestmentEarningsOrLossesAmt
Grants Or Scholarships$18,290,000GrantsOrScholarshipsAmt
Administrative Expenses$145,164AdministrativeExpensesAmt
End Year Balance$10,384,659EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$35,479,227BeginningYearBalanceAmt
Investment Earnings Or Losses$3,811,504InvestmentEarningsOrLossesAmt
Grants Or Scholarships$11,515,000GrantsOrScholarshipsAmt
Administrative Expenses$237,050AdministrativeExpensesAmt
End Year Balance$27,538,681EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$23,864,202BeginningYearBalanceAmt
Contributions$10,000,000ContributionsAmt
Investment Earnings Or Losses$2,818,739InvestmentEarningsOrLossesAmt
Grants Or Scholarships$967,500GrantsOrScholarshipsAmt
Administrative Expenses$236,214AdministrativeExpensesAmt
End Year Balance$35,479,227EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:To provide dollars to meet the mission and goals of The Pert Foundation.
Part X, Line 2:The 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. In fiscal year 2020, provision has been made for income taxes in the accompanying consolidated financial statements for unrelated business income of $292,500. The Trust and its affiliates account 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 and its affiliates have no significant uncertain tax positions.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (28 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
The Chicago Community Trust
225 N Michigan Avenue Suite 2200ChicagoIL606011009362167000501(c)(3)$100,000Support general Operations and support for the Unity Fund for basic human needs.
United Way of Metropolitan Chicago
333 S Wabash Avenue 30th FloorChicagoIL606044503300200478501(c)(3)$100,000Support for the Chicago Community Covid-19 Response Fund.
Chicago Humanities Festival
500 N Dearborn Street Suite 825ChicagoIL606547659367148236501(c)(3)$50,000General Operating Support
Journeycare Foundation Inc
2050 Claire CourtGlenviewIL60025363820916501(c)(3)$50,000General Operating Support
Pioneer Center for Human Services
4031 Dayton StreetMcHenryIL60050362480845501(c)(3)$50,000Support for group homes.
Illinois Arts Alliance (DBA Arts Alliance Illinois)
70 E Lake Street Suite 420ChicagoIL606017689363177592501(c)(3)$45,000General Operating Support
The Chicago Lighthouse for People Who are Blind Or Visually Impaired
1850 W Roosevelt RoadChicagoIL606081200362169139501(c)(3)$40,000General Operating Support
Audience Architects NFP
100 S State Street 4th FloorChicagoIL60603383748678501(c)(3)$30,000General Operating Support
Calumet Collaborative
1000 E 111th Street Suite 650ChicagoIL60628811497692501(c)(3)$25,000Support to launch the Calumet Ambassadors Initiative.
Chicago Public Media Inc
848 E Grand Avenue Navy PierChicagoIL606113509363687394501(c)(3)$25,000General Operating Support
Family Health Partnership Clinic
401 E Congress ParkwayCrystal LakeIL600146210364277029501(c)(3)$25,000General Operating Support
Free Spirit Media NFP
1327 W Washington Boulevard SuiteChicagoIL60607364456215501(c)(3)$25,000General Operating Support103B
Illinois Partners for Human Service
33 W Grand Avenue Suite 300ChicagoIL60654454408108501(c)(3)$25,000General Operating Support
Northwestern University Settlement
1400 W Augusta BoulevardChicagoIL606423939362167818501(c)(3)$25,000General Operating Support
Planned Parenthood of Illinois
18 S Michigan Avenue 6th FloorChicagoIL606033206362170901501(c)(3)$25,000General Operating Support
SGA Youth & Family Services
11 E Adams StreetChicagoIL606036301362167916501(c)(3)$25,000General Operating Support
The Chicago Community Foundation
225 N Michigan Avenue Suite 2200ChicagoIL606011009363432023501(c)(3)$25,000Support for Elevated Chicago to promote economic and community development in underinvested communities with transit stations.
ADA 25 Advancing Leadership
567 W Lake Street Suite 150ChicagoIL60661841895211501(c)(3)$20,000General Operating Support
Chicago Dancemakers Forum
159 E Walton Street 20AChicagoIL60611472428034501(c)(3)$20,000General Operating Support
Civic Federation
10 N Dearborn Street Suite 800ChicagoIL606024304362170124501(c)(3)$20,000General Operating Support
Trillium Arts
5240 Robinhood RoadCharlotteNC28211824547618501(c)(3)$20,000General Operating Support
Woodstock Christian Life Services
920 N Seminary AvenueWoodstockIL600982996363186415501(c)(3)$20,000General Operating Support
Connections for the Homeless Inc
2121 Dewey AvenueEvanstonIL602013057363346917501(c)(3)$15,000General Operating Support
Avenues to Independence
515 Busse HighwayPark RidgeIL600683154366008710501(c)(3)$10,000General Operating Support
Awakenings Art
4001 N Ravenswood Avenue 204CChicagoIL60613271747959501(c)(3)$10,000General Operating Support
Chicago Cultural Accessibility Consortium
1523 W Edgewater Avenue 2WChicagoIL60660352613807501(c)(3)$10,000General Operating Support
Delta Institute
35 E Wacker Drive Suite 1200ChicagoIL606012109364210191501(c)(3)$10,000General Operating Support
Women Employed
65 E Wacker Place Suite 1500ChicagoIL606017253362969526501(c)(3)$10,000General Operating Support
FieldValueIRS element (for citing)
Total501c3 Org28Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2:FormAndLineReferenceDesc
ExplanationProspective 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 or director to determine the merits of the proposal. The proposal and evaluation is presented to the Board of Directors, if approved by the Board, the proposal is funded.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Jessica Strausbaugh
Treasurer and Secretary$0$273,813$0$0$0$293$0$2,347$0$1,578$0$278,031$0$0
Jason Baxendale
President and Director$0$247,221$0$0$0$450$0$9,962$0$8,704$0$266,337$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 3Annually the board of directors of The Pert Foundation reviews the compensation of the leased staff (President) based on performance evaluation in connection with established goals and objectives and determines the reasonableness of compensation. Compensation is compared to data of similar organizations and to positions with similar responsibilities.
Schedule J, Part II, Line 1:Mr. Jason Baxendale and Mrs. Jessica Strausbaugh are both paid employees of The Chicago Community Trust, a related tax-exempt organization. Mr. Baxendale serves as the President and a Director of the Pert Foundation and Mrs. Strausbaugh serves as treasurer and secretary of the Pert Foundation.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2Thomas C. Liebman and Elizabeth Liebman have a familial relationship. Mr. Baxendale and Ms. Strausbaugh (CFO of The Chicago Community Trust) are both paid employees of The Chicago Community Trust, a related tax-exempt organization. Mr. Baxendale serves as the President and a director of the Pert Foundation, and Ms. Strausbaugh serves as Treasurer and Secretary of the Pert Foundation.
Form 990, Part VI, Section A, line 6The Members of The Pert Foundation are divided into two classes: the Donor Members are Charles Liebman and Mary Liebman. The initial Publicly Supported Organization Member is The Chicago Community Trust.
Form 990, Part VI, Section A, line 7aThe Member (Chicago Community Foundation) has the rights to the election and removal of directors from the Corporation (The Pert Foundation).
Form 990, Part VI, Section A, line 7bUpon dissolution, The Pert Foundation's (Corporation) remaining assets would be distributed to the Chicago Community Foundation (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 11bThe Form 990 is reviewed and approved by the President of the Board before filing with the IRS. The Form 990 is subsequently circulated to other Board members.
Form 990, Part VI, Section C, line 19A copy of the governing documents, conflict of interest policy and financial statement 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 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.
Part VII Section A, Column BActivities of the Board include: attending and preparing for board meetings and various other administrative matters.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
The Chicago Community Foundation
225 N Michigan Ave Ste 2200ChicagoIL60601363432023Phil. GrantmakingIL501(c)(3)Line 7CCTYes (1)
The Chicago Community Trust
225 N Michigan Ave Ste 2200ChicagoIL60601362167000Phil. GrantmakingIL501(c)(3)Line 80N/A
Springboard Foundation
225 N Michigan Ave Ste 2200ChicagoIL60601364482332Phil. GrantmakingIL501(c)(3)Line 12a, ICCFYes (1)
The Community Foundation of Will County
225 N Michigan Ave Ste 2200ChicagoIL60601760821144Phil. GrantmakingIL501(c)(3)Line 12a, ICCTYes (1)
The Lake County Community Foundation
225 N Michigan Ave Ste 2200ChicagoIL60601203654399Phil. GrantmakingIL501(c)(3)Line 12a, ICCFYes (1)
Glasser and Rosenthal Family Foundation
225 N Michigan Ave Ste 2200ChicagoIL60601453577069Phil. GrantmakingIL501(c)(3)Line 12a, ICCTYes (1)
The Lavin Family Supporting Foundation
225 N Michigan Ave Ste 2200ChicagoIL60601364120653Phil. GrantmakingIL501(c)(3)Line 12a, ICCTYes (1)
Metropolis Strategies
225 N Michigan Ave Ste 2200ChicagoIL60601364278088Phil. GrantmakingIL501(c)(3)Line 12a, ICCTYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
The Chicago Community Foundation
B$25,000Accrual
The Chicago Community Trust
B$100,000Accrual
The Chicago Community Trust
P$43,114Accrual

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