2024-08-14T16:13:54-05:00 2023-09-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-10-01 810585993 The PERT Foundation PERT 3126168000 33 S State Street 750 Chicago IL 60603 Andrea Saenz President 3126168000 2024-08-02 1 1 Rebekuh Eley P01247672 3126343400 2024-08-02 2022 2024-08-08 14:25:15Z Andrea Saenz 33 S State Street 750 Chicago IL 60603 279913 0 X N/A X 2002 IL The 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. 3 2 0 2 0 0 0 0 0 0 790379 13021 146 17 790525 13038 4090000 0 0 0 0 0 0 0 0 62066 9307 4152066 9307 -3361541 3731 378092 428961 13568 20526 364524 408435 X The 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. 0 0 2500 0 0 The 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. 2500 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 IL X The Chicago Community Trust Attn Jim Buckman 3126168000 33 S State Street 750 Chicago IL 60603 Andrea Saenz President and Director 1.00 39.00 X X 0 362492 41633 Heather Bilandic Black VP and Director (until 01/23) 1.00 0.00 X X 0 0 0 James J Glasser Director (until 01/23) 1.00 0.00 X 0 0 0 Elizabeth Liebman Director 1.00 0.00 X 0 0 0 Thomas C Liebman Director 1.00 0.00 X 0 0 0 Jessica Strausbaugh Treasurer and Secretary 1.00 39.00 X 0 306550 18825 Jason Baxendale Former President and Director 0.00 0.00 X 0 195342 14504 0 864384 74962 3 1 1 0 0 12701 12701 267195 266875 320 320 320 17 17 17 13038 0 0 13038 X 2349 2349 1958 1958 Expense Reimbursements 5000 2500 2500 9307 2500 6807 0 9069 9069 5759 23791 363264 396101 378092 428961 13568 20526 13568 20526 X 364524 408435 364524 408435 378092 428961 3731 40180 0 X X 0 1 X 0 0 X X 2 The Chicago Community Foundation 363432023 7 1 0 0 The Chicago Community Trust 362167000 8 1 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 9/30/23, the governing boards of the Trust and Foundation had 17 members and no vacancies and have the power to appoint the majority of the Governing Board of PERT. 364524 53218 9307 408435 4676174 -159584 4090000 60 62006 364524 8799428 1532218 5530000 125472 4676174 9416248 343130 865000 94950 8799428 10384659 41603 920000 90014 9416248 1.00000 0.00000 0.00000 0 0 0 X 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. Income taxes recorded in the accompanying consolidated financial statements for unrelated business income amounted to $73,112 and $2,386,499 in the years ended September 30, 2023 and 2022, respectively. Income tax receivable amounted to $1,479,988 and $3,300,000 as of September 30, 2023 and 2022, respectively. The Trust accounts 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 has no significant uncertain tax positions. 0 0 0 0 0 0 0 0 0 Andrea Saenz President and Director 0 361416 0 0 0 1076 0 32434 0 9199 0 404125 0 0 Jessica Strausbaugh Treasurer and Secretary 0 305537 0 0 0 1013 0 17148 0 1677 0 325375 0 0 Jason Baxendale Former President and Director 0 194754 0 0 0 588 0 7607 0 6897 0 209846 0 0 Part I, Line 3 Annually 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, Line 2, Line 3: Mrs. Jessica Strausbaugh, Mr. Jason Baxendale, and Ms. Andrea Saenz are paid employees of The Chicago Community Trust, a related tax-exempt organization. Mrs. Strausbaugh serves as Treasurer and Secretary of The PERT Foundation. Mr. Baxendale serves as the Former President and a Director of The PERT Foundation. Ms. Andrea Saenz serves as the current President and a Director of The PERT Foundation. Form 990, Part VI, Section A, line 2 Thomas C. Liebman and Elizabeth Liebman have a familial relationship. Mrs. Jessica Strausbaugh, Mr. Jason Baxendale, and Ms. Andrea Saenz are paid employees of The Chicago Community Trust, a related tax-exempt organization. Mrs. Strausbaugh serves as Treasurer and Secretary of The PERT Foundation. Mr. Baxendale serves as the Former President and a Director of The PERT Foundation. Ms. Andrea Saenz serves as the current President and a Director of The PERT Foundation. Form 990, Part VI, Section A, line 6 The Members of The PERT Foundation are divided into two classes: the initial Donor Members were Charles Liebman and Mary Liebman. Current Donor Member is Thomas Liebman. The initial Publicly Supported Organization Member is The Chicago Community Trust. Form 990, Part VI, Section A, line 7a The Member (The Chicago Community Trust) has the rights to the election and removal of directors from the Corporation (The PERT Foundation). Form 990, Part VI, Section A, line 7b Upon dissolution, The PERT Foundation's (Corporation) remaining assets would be distributed to The Chicago Community Trust (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 11b The Form 990 is reviewed and approved by the President of the Board before filing with the IRS. When there is a vacancy, the Treasurer and Secretary reviews and approves before filing with the IRS. The Form 990 is subsequently circulated to other board members. Form 990, Part VI, Section B, line 12c PERT is currently following the policies of the Chicago Community Trust. Form 990, Part VI, Section C, line 19 A copy of the governing documents, conflict of interest policy and financial statements 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 IX, line 11g Miscellaneous: Program service expenses 0. Management and general expenses 1,958. Fundraising expenses 0. Total expenses 1,958. 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. Form 990, Part VII, Section A, Column B, Activities of the Board: Activities of the Board include: attending and preparing for board meetings and various other administrative matters. The Chicago Community Foundation 33 S State Street Suite 750 Chicago IL 60603 363432023 Philan. Grantmaking IL 501(c)(3) Line 7 CCT 1 The Chicago Community Trust 33 S State Street Suite 750 Chicago IL 60603 362167000 Philan. Grantmaking IL 501(c)(3) Line 8 N/A 0 Metropolis Strategiess NFP 33 S State Street Suite 750 Chicago IL 60603 364278088 Philan. Grantmaking IL 501(c)(3) Line 12a, I CCT 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 The Chicago Community Trust P 1958 FMV