Pert Foundation
- Assets
- $4.7m
- Revenue
- $887.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2003
- Data as of
- 09/2021
- EIN
- 81-0585993
Organization Overview
Pert Foundation is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Pert 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 09/2021, Pert Foundation generated $887.3k 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 (26.9%) each year. All expenses for the organization totaled $5.7m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Pert Foundation has awarded 112 individual grants totaling $25,560,000. 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 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Baxendale President And Director | OfficerTrustee | 1 | $0 |
Heather Bilandic Black Vice President And Director | OfficerTrustee | 1 | $0 |
Jessica Strausbaugh Treasurer And Secretary | Officer | 1 | $0 |
James J Glasser Director | Trustee | 1 | $0 |
Thomas C Liebman Director | Trustee | 1 | $0 |
Elizabeth Liebman Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $87,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $798,918 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $887,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,530,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,177 |
| Fees for services: Other | $1,785 |
| Advertising and promotion | $0 |
| Office expenses | $29 |
| 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 | $88,482 |
| Total functional expenses | $5,655,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,129 |
| Savings and temporary cash investments | $119,275 |
| 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 | $4,571,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,700,079 |
| Accounts payable and accrued expenses | $23,905 |
| 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 | $23,905 |
| Net assets without donor restrictions | $4,676,174 |
| 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 | $4,700,079 |
Grants Awarded
Over the last fiscal year, Pert Foundation has awarded $5,520,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Support for Elevated Chicago to promote economic and community development in underinvested communities with transit stations. | $3,225,000 |
Chicago, IL PURPOSE: Support general Operations and support for the Unity Fund for basic human needs. | $1,250,000 |
Chicago, IL PURPOSE: In support of the Chicago Racial Justice Pooled Fund to address historic disinvestment in black communities and also provide support for housing, education, health, and workers' justice in black communities. | $250,000 |
Chicago, IL PURPOSE: In support of capacity building and development. | $175,000 |
Chicago, IL PURPOSE: General Operating Support | $50,000 |
Oakbrook Terrace, IL PURPOSE: General Operating Support | $50,000 |
Endowment Analysis
| Beg. Balance | $8,799,428 |
| Earnings | $1,532,218 |
| Admin Expense | $125,472 |
| Grants | $5,530,000 |
| Ending Balance | $4,676,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |