2025-03-12T14:55:16-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-07-01 364310834 COUNCIL FOR JEWISH ELDERLY ENDOWMENT FOUNDATION COUN 3123574790 30 SOUTH WELLS STREET 4049 CHICAGO IL 60606 JAMES A PINKSTON ASSISTANT TREASURER 3123574790 2025-03-07 1 1 DAVID LOWENTHAL P00378651 3122071040 2025-03-07 2023 2025-03-06 01:10:19Z KENNETH LORCH 30 SOUTH WELLS STREET 4049 CHICAGO IL 60606 1724898 0 X N/A X 1999 IL THE FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE COUNCIL FOR JEWISH ELDERLY, A NOT-FOR-PROFIT CORPORATION. 7 7 0 11 0 0 619089 285777 0 0 444695 -267525 3785 0 1067569 18252 1197948 1365692 0 0 0 0 0 0 27522 69640 158035 1267588 1523727 -200019 -1505475 23489663 24863360 0 185000 23489663 24678360 THE FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE COUNCIL FOR JEWISH ELDERLY, A NOT-FOR-PROFIT CORPORATION. 0 0 1365692 1365692 DISTRIBUTIONS ARE MADE FOR THE BENEFIT OF THE COUNCIL FOR JEWISH ELDERLY. 1365692 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 7 7 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 KENNETH LORCH PRESIDENT/DIRECTOR 1.00 1.00 X X 0 0 0 ALLAN GOLDSTEIN VICE PRESIDENT/DIRECTOR 0.30 1.00 X X 0 0 0 MICHAEL SALTZMAN TREASURER/DIRECTOR 0.30 1.00 X X 0 0 0 SCOTT HEYMAN SECRETARY/DIRECTOR 0.30 0.00 X X 0 0 0 ABBE TEMKIN DIRECTOR 0.30 1.00 X 0 0 0 KAREN GALIN DIRECTOR 0.30 0.00 X 0 0 0 JUDY SMITH DIRECTOR 0.30 1.00 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 285777 285777 187451 187451 1251670 1706646 -454976 -454976 -454976 18252 0 0 -267525 1365692 1365692 87057 87057 ALLOCATED EXPENSES 70978 43456 27522 1523727 1365692 130513 27522 520578 552892 22831496 24255270 137589 55198 23489663 24863360 0 185000 0 185000 X 21544341 22815703 1945322 1862657 23489663 24678360 23489663 24863360 X -1505475 2689422 4750 X 0 1 X 1 0 X X 1 COUNCIL FOR JEWISH ELDERLY 362727597 7 1 1365692 0 1 1365692 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 23489663 285777 2339590 1365692 70978 24678360 22326419 619089 1811743 1197948 69640 23489663 25395220 264398 -1948384 1320624 64191 22326419 20997167 602069 5046035 1180994 69057 25395220 21086578 191414 925786 1111434 95177 20997167 0.92452 0.00000 0.07548 1 0 0 JEWISH FEDERATION OF METROPOLITAN CHICAGO - POOLED ENDOWMENT PORTFOLIO, LLC 24255270 F 24255270 X 2625367 2689422 4750 2694172 -68805 87057 87057 18252 1436670 0 1436670 87057 87057 1523727 PART V, LINE 4: THE ENDOWMENT FUND IS USED TO PROVIDE SUPPORT FOR VARIETY OF PURPOSES FOR THE COUNCIL FOR JEWISH ELDERLY INCLUDING HOUSING, COMMUNITY SERVICES, EDUCATION, AND APPLIED RESEARCH. 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, 2024, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. THE FOUNDATION FILES FORMS 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 4,750. 1 COUNCIL FOR JEWISH ELDERLY 3003 WEST TOUHY AVENUE CHICAGO IL 60645 362727597 501(C)(3) 1365692 0 GENERAL OPERATING SUPPORT 1 0 PART I, LINE 2: ALL GRANTS CAN ONLY BE MADE TO OR FOR THE BENEFIT OF THE COUNCIL FOR JEWISH ELDERLY. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE FOUNDATION ARE THE COUNCIL FOR JEWISH ELDERLY (THE AGENCY) AND THE JEWISH FEDERATION OF METROPOLITAN CHICAGO (THE FEDERATION). FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL APPOINT THE BOARD OF DIRECTORS. THE AGENCY SHALL BE ENTITLED TO APPOINT FOUR OF SUCH DIRECTORS AT LEAST ONE OF WHOM MUST BE THE CURRENT PRESIDENT OR ANY PAST PRESIDENT OF THE AGENCY, AND THE FEDERATION SHALL BE ENTITLED TO APPOINT THREE OF SUCH DIRECTORS. 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 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. 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 ASSET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF REMAINDER INTEREST IN CHARITABLE GIFT ANNUITIES 4,750. COUNCIL FOR JEWISH ELDERLY 3003 WEST TOUHY AVENUE CHICAGO IL 60645 362727597 SOCIAL WELFARE INSTITUTION IL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0