| Form 990, Part VI, Section A, line 2 |
Alison Karmin, Ex-Officio, and Deborah Schrayer Karmin , Vice Chairman, have a family relationship. Lonnie Nasatir, President, and Steven B. Nasatir, Executive Vice Chairman, have a family relationship. Eric Rothner, Director, and Avi Rothner, Director, have a family relationship. Max Schrayer, Director, and Deborah Schrayer Karmin, Director, have a family relationship. Max Schrayer, Director, and Joshua B. Herz, Director, have a business relationship. |
| Form 990, Part VI, Section A, line 6 |
Any person who makes payment of a contribution in an amount of not less than $25.00 to the Jewish Federation of Metropolitan Chicago (Federation) directly or to the Jewish United Fund of Metropolitan Chicago (JUF) to be used in whole or in part for budgetary purposes of the Federation shall be a voting member of the Federation and each of its affiliated organizations for the year in respect of which such payment is made and until final adjournment of the annual meeting of the Federation held the following year. |
| Form 990, Part VI, Section A, line 7a |
At each election of Directors, a member shall have one vote for as many persons as there are Directors to be elected. |
| Form 990, Part VI, Section B, line 11b |
A copy of the Form 990 was provided to the Board Chairman and all Audit Committee members prior to filing. The Audit Committee chairman then informed the full board of directors that committee members reviewed the Form 990 and a copy was made available to all board members. |
| Form 990, Part VI, Section B, line 12c |
A conflict of interest questionnaire is circulated to all board members (directors), officers and key employees on an annual basis. This process is managed by a Federation staff member who ensures all questionnaires are completed. The completed questionnaires are reviewed by management and any conflicts are disclosed to the board of directors. If a director does have a conflict or business relationship with the Federation, he or she is required to abstain from any votes related to that matter. |
| Form 990, Part VI, Section B, line 15 |
The Federation has a Compensation Committee comprised of the Board Chairman, Immediate Past Board Chairman, Audit Committee Chairman, and Overall Planning and Allocations (Budget) Committee Chairman. This committee uses comparable data from other large nonprofit organizations to ensure compensation for Federation executives is consistent with the market, including but not limited to an annual Total Compensation Survey of large city Jewish Federations that is coordinated through the national Jewish Federations of North America organization and conducted each year by Korn Ferry, a nationally recognized expert in the field of compensation consulting. The compensation committee approves compensation for the President of the Federation and other officers and key employees. The approval of executive compensation is documented in the Compensation Committee's minutes. |
| Form 990, Part VI, Section C, line 18 |
The organization is a platinum-level Guidestar participant, demonstrating its commitment to transparency, and as such provides a link to Guidestar on its website for an electronic copy of the Form 990. |
| Form 990, Part VI, Section C, line 19 |
The organization's governing documents, conflict of interest policy and audited financial statements are made available to all volunteer members of the Board of Directors and are posted on its website. With regards to the Form 990 and 990-T, the organization provides these documents upon request for the same period of disclosure as set forth in IRC Section 6104(d). |
| Form 990, Part VII, Section B, Line 1: |
Fees paid to RSM US LLP include amounts related to family supporting foundations which have their own separate tax returns and are not a part of this 990. The supporting foundations reimburse Jewish Federation for these costs. |
| Form 990, Part VIII, Line 1a: |
The amount of $501,720 on line 1a of the Statement of Revenue is from the United Way of Metropolitan Chicago. |
| Form 990, Part XI, line 9: |
Unrealized loss on beneficial interest in charitable trusts 8,678,144. Unrealized loss on fair value of swap arrangements 5,960,425. |
Attach to Form 990 or 990-EZ.