Bls Family Foundation
- Assets
- $3.5m
- Revenue
- $329.7k
- Investments
- $3.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2001
- Data as of
- 06/2021
- EIN
- 36-4420871
Organization Overview
Bls Family Foundation is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bls Family Foundation 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 06/2021, Bls Family Foundation generated $329.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $270.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bls Family Foundation has awarded 36 individual grants totaling $1,662,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND MAINTAIN CHARITABLE ACTIVITIES AND VITAL HUMAN AND EDUCATIONAL SERVICES AS AUTHORIZED IN ITS BY-LAWS AND THE CHARTER OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS, ALL OF WHICH MEET THE GUIDELINES OF THE BY-LAWS OF THE FOUNDATION AND THE CHARTER OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO. ALL OF THESE ORGANIZATIONS ARE EXEMPT UNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Rosen Treasurer | OfficerTrustee | 0.3 | $0 |
Ellen Carmell Secretary | OfficerTrustee | 0.3 | $0 |
Bonnie L Podolsky President | OfficerTrustee | 0.3 | $0 |
James A Pinkston Assistant Treasurer | Officer | 0.3 | $0 |
Peter Chiswick Assistant Treasurer | Officer | 0.3 | $0 |
Rose Jagust Assistant Secretary | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,056 |
| Noncash contributions included in lines 1a–1f | $150,056 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,056 |
| Total Program Service Revenue | $0 |
| Investment income | $11,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $168,120 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $253,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,849 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $10 |
| Total functional expenses | $270,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,543,926 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,543,926 |
| Accounts payable and accrued expenses | $3,860 |
| Grants payable | $50,000 |
| 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 | $185,000 |
| Total liabilities | $238,860 |
| Net assets without donor restrictions | $0 |
| 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 | $3,305,066 |
| Total liabilities and net assets/fund balances | $3,543,926 |
Grants Awarded
Over the last fiscal year, Bls Family Foundation has awarded $249,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: General Operating Support | $90,000 |
Chicago, IL PURPOSE: General Operating Support | $40,000 |
Chicago, IL PURPOSE: General Operating Support | $25,000 |
New York, NY PURPOSE: General Operating Support | $25,000 |
Chicago, IL PURPOSE: General Operating Support | $25,000 |
Deerfield, IL PURPOSE: General Operating Support | $22,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gift Clearing Trust Indianapolis, IN | $47,036,280 | $91,256,862 |
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Bloomington-Normal Ymca Charitable Foundation Nfp Bloomington, IL | $12,002,532 | $7,012,515 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Real Estate Charitable Foundation Kansas City, MO | $43,935,265 | $4,204,580 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Shure Charitable Tr Created Uw Of Sidney N Shure Chicago, IL | $52,599,907 | $2,093,307 |