2024-05-13T14:20:27+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 363846011 Providence St Mel Foundation PROV 7737224600 119 S Central Park Blvd Chicago IL 60624 Paul Adams President 2024-05-13 true Paul Adams 999009999 Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z X JEANETTE BUTALA 119 S Central Park Blvd Chicago IL 60624 5178462 false X n/a X 1994 IL TO HOLD FUNDS AND DISBURSE EARNINGS TO PROVIDENCE ST. MEL SCHOOL FOR SCHOLARSHIP AND GENERAL OPERATIONS. X 8 6 0 8 0 0 0 0 0 0 249809 1170672 0 0 249809 1170672 0 4534418 0 0 0 0 0 0 0 0 0 0 4534418 249809 -3363746 5268361 0 795284 0 4473077 0 X THE PURPOSE OF PROVIDENCE ST. MEL FOUNDATION IS TO HOLD FUNDS AND DISBURSE EARNINGS TO PROVIDENCE ST. MEL SCHOOL FOR SCHOLARSHIP AND GENERAL OPERATION PURPOSES. false true 4534418 4534418 0 PROVIDENCE ST. MEL FOUNDATION WAS ORGANIZED TO COLLECT AND DISBURSE FUNDS TO PROVIDENCE ST. MEL SCHOOL, A RELATED TAX-EXEMPT SCHOOL. ALL FUNDS ON HAND WERE DISBURSED DURING THIS FISCAL YEAR. 4534418 true false false false false false false false false false false false false false true false true false false false false false false false false false true false true false false false false false false false false false false true true false true false false false true 0 0 0 false false false false false false false false false false false false X 8 6 false false false false false false false true false false false true true false true true true false false false IL X Thomas Galassini 7737224600 119 S CENTRAL PARK BLVD CHICAGO IL 60624 JEANETTE BUTALA Board Secretary/Treasurer 0.2 45.0 X X 0 195146 28562 PAUL J ADAMS III Board President 0.2 29.8 X X 0 160146 38018 DENISE SEMINETTA Trustee 0.2 1.2 X 0 0 0 GREGORY PUSINELLI Trustee 0.2 5.0 X 0 0 0 KAREN PRITZKER Trustee 0.2 0.3 X 0 0 0 LORI DAWSON Trustee 0.2 4.0 X 0 0 0 MICHAEL D O'HALLERAN Trustee 0.2 0.3 X 0 0 0 THOMAS H DITTMER Trustee 0.2 0 X 0 0 0 0 355292 66580 0 false true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 71421 71421 0 0 5107041 4007790 1099251 0 1099251 1099251 0 0 0 0 0 1170672 0 0 1170672 4534418 4534418 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4534418 4534418 0 0 0 0 0 0 0 0 0 0 5265603 0 0 0 2758 0 5268361 0 0 0 795284 0 795284 0 X 4473077 0 4473077 0 5268361 0 -3363746 -1109331 0 0 0 0 X false true X true false X X X 1 PROVIDENCE ST MEL SCHOOL 362977187 2 true 4534418 0 1 4534418 0 true false false false false false false false false false false false false false false true false DUE TO PROVIDENCE ST MEL SCHOOL 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE CODE. Management has determined there are no material uncertain positions that require recognition in the financial statements. There are no interest or penalties recognized in the statements of activities or statements of financial position. true PROVIDENCE ST MEL SCHOOL 119 S CENTRAL PARK BLVD CHICAGO IL 60624 362977187 501(c)(3) 4534418 DISTRIBUTION OF NET ASSETS DUE TO TERMINATION OF THE TRUST, FOR GENERAL OPERATING PURPOSES OF THE SCHOOL 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE ONLY GRANT WAS ISSUED TO PROVIDENCE ST MEL SCHOOL, THE STATED RECIPIENT OF ALL GRANTS OF THE ORGANZATION. ALL ASSETS WERE TRANSFERRED TO THE SCHOOL AS A RESULT OF THE TERMINATION OF THE TRUST. false false false false false false false false false PAUL J ADAMS III Board President 0 160146 0 0 0 0 0 2500 0 35518 0 198164 0 0 JEANETTE BUTALA Board Secretary/Treasurer 0 195146 0 0 0 0 0 2500 0 26062 0 223708 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION B, LINE 15 Cash 2023-01-05 5328010 actual cost 362977187 Providence St Mel School 119 S Central Park Blvd Chicago IL 60624 501(C)(3) false false false false true true true true false Schedule N, Part I, Line 1 Liquidation of assets The organization distributed all of its assets to providence St Mel School, a portion of which was repayment of a loan due to the school. The balance was considered a grant to the school. Form 990, Part III, Line 3 Significant changes in program services THE TRUST WAS TERMINATED DURING THE FISCAL YEAR. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE FOLLOWING COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY A RELATED ORGANIZATION, PSM SCHOOL. FOR OTHER KEY POSITIONS WITH THE SCHOOL, SALARIES WERE APPROVED AS PART OF THE ANNUAL BUDGET PROCESS. AS THE NEED ARISES, SURVEY DATA IS OBTAINED TO BENCHMARK OTHER POSITION SALARIES. WHEN MAJOR CHANGES ARE MADE, THIS INFORMATION IS BROUGHT TO THE FINANCE COMMITTEE OF THE BOARD. Form 990, Part VI, Line 15a PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL THE FOLLOWING COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY A RELATED ORGANIZATION, PSM SCHOOL. FOR THE TOP MANAGEMENT POSITION, COMPARABLE SALARIES FROM CHICAGO PUBLIC SCHOOLS AND LOCAL PRIVATE SCHOOLS WERE OBTAINED AND USED BY THE BOARD'S AD HOC COMPENSATION COMMITTEE TO BENCHMARK SALARIES OFFERED TO THE TOP MANAGEMENT POSITION. FOR OTHER KEY POSITIONS WITH THE SCHOOL, SALARIES WERE APPROVED AS PART OF THE ANNUAL BUDGET PROCESS. AS THE NEED ARISES, SURVEY DATA IS OBTAINED TO BENCHMARK OTHER POSITION SALARIES. WHEN MAJOR CHANGES ARE MADE, THIS INFORMATION IS BROUGHT TO THE FINANCE COMMITTEE OF THE BOARD. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The Foundation did not have any committees in place with authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE FORM 990, ASSISTED BY MANAGEMENT. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE FOUNDATION FOLLOWS THE CONFLICT OF INTEREST POLICY OF ITS RELATED ORGANIZATION, PROVIDENCE ST. MEL SCHOOL. BIANNUALLY, DIRECTORS AND OFFICERS SIGN A CONFLICT OF INTEREST FORM AND DISCLOSE AREAS OF POTENTIAL CONFLICT. THESE FORMS ARE REVIEWED BY THE BOARD CHAIR AND PRESIDENT. POTENTIAL CONFLICTS ARISING DURING THE YEAR ARE ALSO REVIEWED BY THE BOARD CHAIR AND PRESIDENT, WHEN REQUIRED. IF FURTHER ACTION NEEDS TO BE TAKEN, THE ISSUE IS BROUGHT BEFORE THE EXECUTIVE COMMITTEE AND IF NECESSARY, THE FULL BOARD Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNING AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST TO THE ORGANIZATION. PROVIDENCE ST MEL SCHOOL 119 S CENTRAL PARK BLVD CHICAGO IL 60624 362977187 SCHOOL IL 501(c)(3) 2 na false PSM Development Corporation 119 South Central Park Blvd Chicago IL 60624 363762965 Operates Low income housing IL 501(c)(3) 10 Providence St Mel School true false true false false false false false false false false false false true true false false false true false