2024-03-18T12:59:18-05:00 2023-06-30 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2022-07-01 364421008 Ida Crown Endowment Foundation IDAC 3123574790 30 South Wells Street 4049 Chicago IL 60606 James A Pinkston Assistant Treasurer 3123574790 2024-02-22 1 James Pinkston 999009999 1 Rebekuh Eley P01247672 3126343400 2024-02-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Lawrence Friedman 30 South Wells Street 4049 Chicago IL 60606 634122 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 13 0 0 289244 253685 0 0 418736 113721 1860 1889 709840 369295 346100 324100 0 0 0 0 0 0 7814 26112 26293 372212 350393 337628 18902 5795613 6173257 0 0 5795613 6173257 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 324100 324100 0 Distributions are made for the benefit of the Ida Crown Jewish Academy. 324100 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 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 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 Edith Summerville 3123574787 30 South Wells Street Suite 4049 Chicago IL 60606 X Lawrence Friedman President 1.00 0.00 X X 0 0 0 Jacques Gliksberg Vice-President 0.30 1.00 X X 0 0 0 David Polster Treasurer 0.30 1.00 X X 0 0 0 Yocheved Bechhofer Secretary 0.30 1.00 X X 0 0 0 Aron Routman Director 0.30 0.00 X 0 0 0 Dr Jeff Kopin Director 0.30 0.00 X 0 0 0 Dr Marc Rubenstein Director 0.30 0.00 X 0 0 0 Nathan H Lichtenstein Director 0.30 0.00 X 0 0 0 Rabbi Mordechai Raizman Director 0.30 0.00 X 0 0 0 David S Rosen Assistant Secretary 0.30 0.00 X 0 0 0 Steven A Wander Assistant Secretary 0.30 0.00 X 0 0 0 James A Pinkston Assistant Treasurer 0.30 0.00 X 0 0 0 Peter Chiswick Assistant Treasurer 0.30 0.00 X 0 0 0 0 0 0 0 0 0 0 0 253685 253685 28155 28155 350393 264827 85566 85566 85566 1889 1889 1889 369295 0 0 115610 324100 324100 Allocated Expenses 26293 18479 7814 350393 324100 18479 7814 49365 50000 5657111 6030612 89137 92645 5795613 6173257 0 0 X 3764078 3877721 2031535 2295536 5795613 6173257 5795613 6173257 X 18902 355528 3214 X 0 1 X 1 0 X X 1 Ida Crown Jewish Academy 362167009 2 1 324100 0 1 324100 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5795613 253685 474352 324100 26293 6173257 6381643 289244 -503062 346100 26112 5795613 4986433 518727 1211204 306100 28621 6381643 5147117 24714 208619 362000 32017 4986433 5189272 143376 171809 310400 46940 5147117 0.62815 0.14197 0.22988 1 0 0 Jewish Federation of Metropolitan Chicago Pooled Endowment Portfolio, LLC 6030612 F 6030612 X 728037 355528 3214 358742 369295 0 369295 350393 0 350393 0 350393 Part V, Line 4: To support the educational programs of the academy. 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, 2023, 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. Part XI, Line 2d - Other Adjustments: Change in Value of Remainder Interest in Charitable Gift Annuities 3,214. 1 Ida Crown Jewish Academy 8233 Central Park Avenue Skokie IL 60076 362167009 501(c)(3) 324100 0 General Operating Support 1 0 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 11b 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. 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 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). Form 990, Part XI, line 9: Change in Value of Remainder Interest in 3,214. Charitable Gift Annuities Ida Crown Jewish Academy 8233 Central Park Avenue Skokie IL 60076 362167009 School IL 501(c)(3) Line 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0