IGRB FOUNDATION

EIN: 364018186 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$233,544
Total Expenses
$960,041
Total Assets
$32,280,814
Net Assets
$31,849,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IL
Phone
3123574790
Tax Period
2024-07-01 to 2025-06-30

IGRB FOUNDATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $234K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $960K exceeded revenue, resulting in a 311% operating deficit.

Mission

THE FOUNDATION IS EXCLUSIVELY ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND MAINTAIN A SPECIFIC CHARITABLE, EDUCATIONAL OR RELIGIOUS PURPOSE OR FUNCTION OF, OR AS AUTHORIZED IN THE CHARTER OF, THE JEWISH FEDERATION OF METROPOLITAN CHICAGO.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $233,544
Other Revenue $0
TOTAL REVENUE $233,544

Expense Breakdown

Grants Paid $906,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $906,500
Other Expenses $53,541
TOTAL EXPENSES $960,041

Year-over-Year Comparison

2024 2023 Change
Revenue $233,544 $197,858 +0.2%
Expenses $960,041 $2,067,203 -0.5%
Net Income $-726,497 $-1,869,345 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$2,045,815
Total Directors
7
$1,227,246
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID S ROSEN VICE PRESIDENT & SECRETARY 0.3
Officer Director
$0 $106,440 $558,732
JEFFREY R BROWN President 0.3
Officer Director
$0 $0 $0
LONNIE NASATIR VICE PRESIDENT & TREASURER 0.3
Officer Director
$0 $77,261 $668,514
ANDREW W BROWN DIRECTOR 0.3
Director
$0 $0 $0
HENRY G BROWN DIRECTOR 0.3
Director
$0 $0 $0
OWEN S BROWN DIRECTOR 0.3
Director
$0 $0 $0
VANESSA J BROWN DIRECTOR 0.3
Director
$0 $0 $0
ERIC DEVIR ASSISTANT SECRETARY 0.3
Officer
$0 $31,170 $170,314
JAMES A PINKSTON ASSISTANT TREASURER 0.3
Officer
$0 $56,475 $365,057
jennifer Dobosh ASST. SECRETARY & ASST. TREASURER - PART YEAR 0.3
Officer
$0 $0 $0
MATTHEW TUPY ASST. SECRETARY & ASST. TREASURER 0.3
Officer
$0 $0 $0
PETER CHISWICK ASSISTANT TREASURER 0.3
Officer
$0 $45,504 $283,198
ROBIN LETCHINGER ASST. SECRETARY & ASST. TREASURER 0.3
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $233,544 $960,041 $32,280,814 $-726,497
2024 $197,858 $2,067,203 $31,428,013 $-1,869,345
2023 $24,091,698 $3,225,706 $30,885,523 $20,865,992
2022 $121,502 $1,503,800 $10,549,658 $-1,382,298
2021 $9,439,692 $81,668 $12,478,712 $9,358,024
2020 $736 $5,810 $1,933,585 $-5,074
2019 $6,334 $5,810 $1,917,262 $524
2018 $5,537 $5,710 $1,836,411 $-173
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