2014-05-09T14:46:13-05:00 2013-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2012-07-01 364421008 Ida Crown Endowment Foundation IDAC 3123574790 30 South Wells No 4049 Chicago IL 60606 Peter Chiswick 3123574790 2014-05-09 1 Zack Fortsch P00052725 3126343400 2012 2015-11-30 17:44:51Z Lawrence Friedman 30 South Wells No 4049 Chicago IL 60606 446299 0 X N/A X 2000 IL The Foundation was established exclusively for the benefit and to carry out the purposes of the Ida Crown Jewish Academy, a not-for-profit organization. 9 9 0 14 0 0 148120 378912 0 0 27932 67387 0 0 176052 446299 48100 23000 0 0 0 0 0 0 0 0 1305 48100 24305 127952 421994 1053440 1500154 0 0 1053440 1500154 The Foundation was established exclusively for the benefit and to carry out the purposes of the Ida Crown Jewish Academy, a not-for-profit organization. 0 0 23000 23000 Distributions are made for the benefit of the Ida Crown Jewish Academy. 23000 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X Peter Chiswick 3124442814 30 South Wells Suite 4049 Chicago IL 60606 X Lawrence Friedman 1.00 0.00 X X 0 0 0 Gary Elkins 1.00 0.00 X X 0 0 0 Ronnie Masliansky 1.00 0.00 X X 0 0 0 Jacques Gliksberg 1.00 0.00 X X 0 0 0 Dr Jeff Kopin 1.00 0.00 X 0 0 0 Nathan H Lichtenstein 1.00 0.00 X 0 0 0 Rabbi Moredchai Raizman 1.00 0.00 X 0 0 0 Dr Marc Rubenstein 1.00 0.00 X 0 0 0 Aron Routman 1.00 0.00 X 0 0 0 David S Rosen 1.00 0.00 X 0 0 0 Deborah Silverman 1.00 0.00 X 0 0 0 Michael Tarnoff 1.00 0.00 X 0 0 0 James A Pinkston 1.00 0.00 X 0 0 0 Peter Chiswick 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 378912 378912 11433 11433 55954 0 55954 55954 55954 446299 0 0 67387 23000 23000 1305 1305 24305 23000 1305 0 763720 1185894 289720 314260 1053440 1500154 0 0 X 234505 260218 458935 579936 360000 660000 1053440 1500154 1053440 1500154 421994 24720 0 X 0 1 X 1 0 X X X 0 0 0 Ida Crown Jewish Academy 362167009 2 1 23000 1 23000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1053440 378912 92107 23000 1305 1500154 951043 148120 2377 48100 1053440 691651 194090 115002 49700 951043 666372 25 73254 48000 691651 845901 453 -131382 48600 666372 0.17340 0.44000 0.38660 1 0 0 Jewish Federation of Metropolitan Chicago Pooled Investment Fund 1185894 F 1185894 Due from Jewish Federation of Metropolitan Chicago 314260 314260 X 471019 24720 24720 446299 0 446299 24305 0 24305 0 24305 Description of Intended Use of Endowment Funds: Part V, Line 4: To support the educational programs of the academy. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The accounting standard for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Foundation and various positions related to the potential sources of unrelated business taxable income (UBTI). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2013, there were no unrecognized tax benefits identified or recorded as liabilities. The Foundation files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. With few exceptions, the Foundation is no longer subject to examination by the Internal Revenue Service for years before 2010. 1 Ida Crown Jewish Academy 2828 W Pratt Blvd Chicago IL 60645 362167009 501(c)(3) 23000 General Operating Support 1 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All grants made by the Foundation can only be made to or for the benefit of the Ida Crown Jewish Academy. Form 990, Part VI, Section A, line 6 The Members of the Foundation are the Ida Crown Jewish Academy Day School (the Day School) , the Jewish Federation of Metropolitan Chicago (the Federation), and Associated Talmud Torahs (ATT). Form 990, Part VI, Section A, line 7a The Members shall appoint the Board of Directors. The board of directors shall have nine directors divided into three classes: The Day School directors, of which there shall be five; Federation directors, of which there shall be two; and ATT directors, of which there shall be two. Form 990, Part VI, Section A, line 7b An annual meeting of Members shall be held each year on a date determined annually by the Board of Directors. At each such annual meeting the Members shall appoint a Board of Directors as provided in the by-laws and transact such other business as may come before the meeting. Form 990, Part VI, Section B, line 11 The Controller of a related entity of the Jewish Federation of Metropolitan Chicago reviewed the Form 990 prior to filing. A copy of the Form 990 was provided to the Board of Directors and Officers of the organization before it was filed. Form 990, Part VI, Section B, line 12c A conflict of interest questionnaire is circulated to all board members on an annual basis. This process is managed by the Foundation's Secretary who ensures all questionnaires are completed. The completed questionnaires are reviewed and any conflicts are disclosed to the board of directors. If a director does have a conflict or business relationship, he or she is required to abstain from any votes related to that matter. Form 990, Part VI, Section C, line 19 The organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year upon request. Ida Crown Jewish Academy 2828 W Pratt Blvd Chicago IL 60645 362167009 School IL 501(c)(3) Line 9 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0