Jesse White Foundation Ltd
- Assets
- $2.6m
- Revenue
- $296.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 20-3110242
Organization Overview
Jesse White Foundation Ltd is located in Chicago, IL. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Jesse White Foundation Ltd employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jesse White Foundation Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Jesse White Foundation Ltd generated $296.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $321.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLASTIC, PHYSICAL & CULTURAL EDUCATION OF YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 DUE TO HEALTH CONCERNS RELATED TO COVID 19, IT IS ANTICIPATED TO RESUME IN FUTURE YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Honorable Jesse White Chairman | OfficerTrustee | 5 | $0 |
Robert E Lozins Treasurer And Vice Chairma | OfficerTrustee | 2 | $0 |
Thomas Benigno Director And Vice Presiden | OfficerTrustee | 2 | $0 |
Peter Birnbaum President & Director | OfficerTrustee | 2 | $0 |
Penelope Campbell Director And Secretary | OfficerTrustee | 0.5 | $0 |
Robert M Yadgir Director And Executive Dir | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,349 |
| Total Program Service Revenue | $0 |
| Investment income | $309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $65,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $714 |
| Fees for services: Accounting | $7,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,389 |
| Advertising and promotion | $0 |
| Office expenses | $16,440 |
| Information technology | $3,536 |
| Royalties | $0 |
| Occupancy | $57,246 |
| Travel | $472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,543 |
| All other expenses | $0 |
| Total functional expenses | $321,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,863 |
| Savings and temporary cash investments | $759,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,925 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $516 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,814,649 |
| Total assets | $2,592,260 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,592,260 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,592,260 |
Grants Awarded
Over the last fiscal year, Jesse White Foundation Ltd has awarded $77,919 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO SUPPORT THE ACTIVITIES OF JESSE WHITE TUMBLING TEAM. | $77,382 |
Oakbrook Terrace, IL PURPOSE: TO SPONSOR THE FIRST LOOK FOR CHARITY EVENT TO INDIRECTLY BENEFIT THE JESSE WHITE TUMBLING TEAM | $537 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Jesse White Foundation Ltd has recieved totaling $6,517.
| Awarding Organization | Amount |
|---|---|
Colonel Il James N Pritzker Charitable Distribution Fund Chicago, IL PURPOSE: GENERAL SUPPORT | $5,000 |
Jaffee Family Foundation Boca Raton, FL PURPOSE: CHARITABLE | $1,000 |
The Harold And Ethel Horowitz Family Charitable Foundation Boca Raton, FL PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Chade Foundation Inc Niles, IL PURPOSE: 5000 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |