2023-11-10T13:01:03-06:00 2022-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2022-01-01 203110242 JESSE WHITE FOUNDATION LTD JESS 3125581616 PO BOX 64838 CHICAGO IL 60654 PETER BIRNBAUM PRESIDENT 3125581616 2023-11-10 1 PETER BIRNBAUM 999009999 0 CHRISTOPHER STRAUB P01278490 8472679600 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER BIRNBAUM PO BOX 64838 CHICAGO IL 60654 1078351 0 X WWW.THEJESSEWHITEFOUNDATION.ORG X 2005 IL SCHOLASTIC, PHYSICAL & CULTURAL EDUCATION OF YOUTH. 10 10 4 10 0 0 296349 846588 0 0 309 7745 0 -19418 296658 834915 65520 38398 0 0 116312 126604 0 0 87011 139528 170499 321360 335501 -24702 499414 2592260 3129460 0 37786 2592260 3091674 X THE JESSE WHITE FOUNDATION STRONGLY BELIEVES IN THE LONGEVITY OF COMMUNITY GROWTH AND SUSTAINABILITY THROUGH OUR YOUTH BY SPECIFICALLY INVESTING IN A WELL-ROUNDED EDUCATION AND CULTURAL EXPERIENCE. THROUGH FOCUSED ENERGY IN EDUCATIONAL TUTORING, ATHLETICS, AND SCHOLARSHIP RESOURCES, WE PROVIDE YOUNG PEOPLE WITH A PLACE TO BECOME PHYSICALLY FIT AND MENTALLY SOUND. 0 0 168080 38398 PROVIDE EDUCATIONAL AND/OR ATHLETIC SCHOLARSHIPS TO EDUCATE YOUTHS OF ALL RACE, COLOR, CREED, RELIGION, AND NATIONAL ORIGIN IN ATHLETIC, ETHICAL, CIVIC, AND SCHOLASTIC CURRICULA TO ALLOW THEM TO BE GOOD CITIZENS OF OUR NATION. THE FOUNDATION DISTRIBUTES HAMS AND TURKEYS TO THOUSANDS OF SENIOR CITIZENS AND FAMILIES IN NEED IN CHICAGO INCLUDING NEAR NORTH, NEAR WEST AND NEAR SOUTH SIDES. WHILE THIS PROGRAM DID NOT OCCUR IN 2021 OR 2022 DUE TO HEALTH CONCERNS RELATED TO COVID 19, IT IS ANTICIPATED TO RESUME IN FUTURE YEARS. 168080 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 IL X ROBERT YADGIR 3129511820 412 W CHICAGO AVE CHICAGO IL 60654 X HONORABLE JESSE WHITE CHAIRMAN/FOUNDER/CEO 5.00 X X 0 0 0 PETER BIRNBAUM PRESIDENT & DIRECTOR 2.00 X X 0 0 0 ROBERT E LOZINS TREASURER AND VICE CHAIRMA 2.00 X X 0 0 0 THOMAS BENIGNO DIRECTOR 2.00 X 0 0 0 PENELOPE CAMPBELL DIRECTOR AND SECRETARY 0.50 X X 0 0 0 ROBERT M YADGIR DIRECTOR AND EXECUTIVE DIR 10.00 X X 0 0 0 LEONARD F AMARI DIRECTOR 0.50 X 0 0 0 MICHAEL J BAKALIS DIRECTOR 0.50 X 0 0 0 KEVIN FLOOD DIRECTOR 0.50 X 0 0 0 IRENE M LYONS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 741597 104991 25190 846588 7745 7745 220943 741597 230961 -10018 -10018 3075 12475 -9400 -9400 834915 0 0 -11673 X 38398 38398 111939 70522 33582 7835 5926 5926 8739 5506 2622 611 1059 1059 67579 12579 55000 34126 7557 7970 18599 857 857 57322 45858 8598 2866 725 239 239 247 7414 5561 1853 BANK FEES 1417 1417 335501 168080 80410 87011 11863 10703 759307 1244761 113000 5925 0 516 516 1814649 1760480 2592260 3129460 37786 0 37786 X 2592260 3081674 10000 2592260 3091674 2592260 3129460 499414 0 X X 0 1 X 1 0 X 282418 830681 151004 296349 970816 2531268 282418 830681 151004 296349 970816 2531268 567436 1963832 5016 10467 2784 309 7745 26321 2557589 58085 0.76780 0.75820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RIGHT-OF-USE ASSET 1760480 1760480 X PART X, LINE 2: THE FOUNDATION FOLLOWS THE GUIDANCE IN THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) CODIFICATION TOPIC RELATED TO UNCERTAINTY IN INCOME TAXES WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE FOUNDATION HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. UNDER THE GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT IT IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS RETURNS. RETIREMENT PARTY 928540 711197 217343 12715 148178 46726 22103 HONOREE JW BIRTHDAY PARTY 34000 30400 3600 1000 239 962540 741597 220943 12715 148178 47726 22342 230961 -10018 1 1.00000 1 SCHOLARSHIPS 15 33250 SCHOLARSHIP PAYMENTS SCHOOL SUPPLIES 480 5148 ACTUAL COST PROVIDED GRADUATING SENIORS WITH VARIOUS SUPPLIES TO BE USED FOR COLLEGE. PART I, LINE 2: THE JESSE WHITE FOUNDATION PROVIDED SCHOLARSHIPS, CLOTHING, AND SCHOOL SUPPLIES FOR MEMBERS OF THE JESSE WHITE TUMBLING TEAM, WHOSE MISSION IS SIMILAR TO THE FOUNDATION. AMOUNTS ARE PRIMARILY PROVIDED DIRECTLY TO UNIVERSITIES, WHICH THE STUDENTS ARE ATTENDING, TO ENSURE AMOUNTS ARE UTILIZED FOR THEIR INTENDED PURPOSE OF EDUCATION. THE FOUNDATION'S BOARD SELECTS QUALIFYING STUDENTS IN TANDEM WITH THE FOUNDER AND EXECUTIVE DIRECTOR OF THE TUMBLING TEAM. X RAFFLE PRIZES - BIRTHDAY EVENT 3 12745 FAIR VALUE X DOOR PRIZES - FUNDRAISING EVENT 48 12715 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER MICHAEL BAKALIS IS BOARD MEMBER ROBERT YADGIR'S FATHER-IN-LAW. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE BOARD PRESIDENT/TREASURER AND IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS. ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS NO COMPENSATED TOP MANAGEMENT OFFICIAL, OFFICERS OR KEY EMPLOYEES THAT WOULD REQUIRE SUCH A REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,760. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,760. FILING FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15. OTHER CONUSLTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,804. FUNDRAISING EXPENSES 55,000. TOTAL EXPENSES 63,804. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. JESSE WHITE TUMBLING TEAM INC PO BOX 10041 CHICAGO IL 60610 363388571 ENRICH DISADVANTAGED YOUTH IL 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 JESSE WHITE TUMBLING TEAM N CASH VALUE