2013-05-15T14:10:47-05:00 2012-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2011-07-01 364420871 BLS Family Foundation BLSF 3123574790 30 South Wells Street No 4049 Chicago IL 60606 Peter Chiswick 3123574790 2013-05-15 1 David Faje P00031371 3126343400 2011 2016-02-24 21:20:13Z Bonnie L Podolsky 30 South Wells Street No 4049 Chicago IL 60606 22553 0 X N/A X 2001 IL The Foundation was organized to foster, promote, support, develop, encourage and maintain charitable activities and vital human and educational services as authorized in its by-laws and the charter of the Jewish Federation of Metropolitan Chicago. 3 1 0 2 0 0 0 0 0 0 41935 17306 0 0 41935 17306 48000 27000 0 0 0 0 0 0 0 3766 4202 51766 31202 -9831 -13896 1573740 1457281 3400 3438 1570340 1453843 The Foundation was organized to foster, promote, support, develop, encourage and maintain charitable activities and vital human and educational services as authorized in its by-laws and the charter of the Jewish Federation of Metropolitan Chicago. 0 0 27000 27000 The Foundation makes grants to charitable organizations, all of which meet the guidelines of the by-laws of the Foundation and the charter of the Jewish Federation of Metropolitan Chicago. All of these organizations are exempt under IRC Section 501(c)(3). 27000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X Peter Chiswick 3124442814 30 South Wells Suite 4049 Chicago IL 60606 Bonnie L Podolosky 0.30 X X 0 0 0 David S Rosen 0.30 X X 0 290817 122131 Emily Sweet 0.30 X X 0 52478 8500 Peter Chiswick 0.30 X 0 0 0 Eric Devir 0.30 X 0 41716 10439 James Pinkston 0.30 X 0 23158 2722 0 408169 143792 0 0 1 0 0 22553 22553 5247 -5247 -5247 -5247 17306 0 0 17306 27000 27000 3400 3400 802 802 31202 27000 4202 0 1573740 1457281 1573740 1457281 3400 3400 0 38 3400 3438 X 0 0 0 0 1570340 1453843 1570340 1453843 1573740 1457281 X -13896 -102601 X 0 1 1 X 0 X X X 0 0 0 Jewish Federation of Metropolitan Chicago 362167761 7 1 0 1 0 0 Due to Jewish Federation of Metropolitan Chicago 38 38 Description of Uncertain Tax Positions Under FIN 48: Part X: BLS Family Foundation (the Foundation) is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. The accounting standard on accounting 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. 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. At June 30, 2012 and 2011, there were no unrecognized tax benefits identified or recorded as liabilities. The Foundation files Form 990 in the U.S. federal jurisdiction and the State of Illinois. The Foundation is generally no longer subject to examination by the Internal Revenue Service for years before 2009. 1 Jewish United Fund of Metropolitan Chicago 30 South Wells Suite 4049 Chicago IL 60606 362167034 501(C)(3) 15000 General operating support American Jewish Committee 605 Third Avenue New York NY 10158 135563393 501(C)(3) 10000 General operating support 2 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Foundation staff perform due diligence on all organizations seeking grants from the foundation and review grant compliance each year. 0 1 0 0 0 0 0 0 0 David S Rosen 0 278152 0 0 0 12665 0 114632 0 8276 0 413725 0 0 Part I, Line 4b David Rosen: The Jewish Federation has an agreement with David Rosen which provides for annual payments of $25,000 per year beginning in 2018 and lasting for ten years. Form 990, Part VI, Section A, line 6 The by-laws stipulate that members of the Foundation are divided into two classes: the donor member and the publicly supported organization member, which is the Jewish Federation of Metropolitan Chicago. Form 990, Part VI, Section A, line 7a The Board of Directors consists of 3 total persons, 1 of whom is elected by the donor member and 2 of whom are elected by the publicly supported organization member pursuant to its established procedures. Form 990, Part VI, Section B, line 11 A board member and officer appointed by the Jewish Federation of Metropolitan Chicago reviewed the Form 990 prior to filing. 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 complete 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 Upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -102,601. Jewish Federation of Metropolitan Chicago 30 S Wells Suite 4049 Chicago IL 60606 362167761 Social Welfare Institution IL 501(C)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0