The Pert Foundation
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.
IRS Tax Year 2023
Period ending September 30, 2024
Total Revenue
$311.7M
Total Expenses
$318.1M
Net Assets
$224K
Employees
0
Volunteers
4
Grants Paid
$318.0M
Program Expense Ratio
100.0%
This nonprofit profile presents IRS Form 990 tax filing data for The Pert Foundation (EIN: 81-0585993), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Pert Foundation is a 501(c)(3) nonprofit headquartered in Chicago, IL, founded in 2002. It is classified under NTEE code T20 (Private Grantmaking Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2003. In its 2023 filing, the organization reported $311.7M in total revenue, a 2390760.9% increase from the prior year, and $318.1M in total expenses. The organization engaged 4 volunteers. Andrea Saenz, President and Director, is the highest-compensated individual at $655,609. The organization runs 1 program, totaling $318.0M in program expenses. 1 of 6 recommended governance policies are in place.
The Pert Foundation is classified under NTEE code T20 (Private Grantmaking Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 17.
Programs(Tax Year 2023)
1 record
The Pert Foundation operates 1 program, with total program expenses of $318.0M. The Pert Foundation's largest program accounts for 100% of total program spending.
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.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, The Pert Foundation's revenue has grown from $-79K to $311.7M, a 396197.0% increase. Program expenses represent 100% of total spending.
Revenue increased 2390760.9% year-over-year, while expenses grew 3417778.6%. net assets fell to $224K, down 45.2% from the prior year.
The Pert Foundation derives 100% from contributions and grants, with 0% from investment income.
Revenue is heavily concentrated: 100% comes from contributions and grants, indicating limited diversification.
The Pert Foundation allocates 100% to programs, 0% to management and general.
Expenses grew by 3417778.6%, outpacing revenue growth of 2390760.9% — a trend to watch if it continues.
The Pert Foundation distributed $318.0M in grants to other organizations and individuals, representing 100% of total expenses.
Over 5 filings from 2019–2023, The Pert Foundation grew revenue from $-79K to $311.7M (+396197.0%) while maintaining a program expense ratio of 100%.
The Pert Foundation holds $317.3M in total assets against $317.1M in liabilities (debt-to-asset ratio of 100%). The organization has 0.0 months of operating reserves. Cash and equivalents of $9K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $311.7M | $311.7M | $0 | $0 | $67K |
| 2022 | $13K | $0 | $0 | $0 | $13K |
| 2021 | $791K | $0 | $0 | $0 | $790K |
| 2020 | $887K | $0 | $0 | $0 | $887K |
| 2019 | $-79K | $0 | $0 | $0 | $-79K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $318.1M | $318.0M | $77K | $0 | $318.0M |
| 2022 | $9K | $3K | $7K | $0 | $0 |
| 2021 | $4.2M | $4.1M | $39K | $0 | $4.1M |
| 2020 | $5.7M | $5.6M | $81K | $0 | $5.5M |
| 2019 | $960K | $886K | $74K | $0 | $865K |
Program Expense Ratio
100.0%
Admin Expense Ratio
0.0%
Fundraising Efficiency
—
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2023)
7 records
The Pert Foundation reported compensation for 7 officers and key employees. Total officer compensation was $1.3M, representing 0.4% of total expenses. 1 individual received total compensation exceeding $500,000.
The Pert Foundation's highest-compensated individual received $656K in total compensation. Total officer compensation of $1.3M represents 0.4% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Andrea Saenz | President and Director | OfficerDirector | 1.00 | $0 | $596,277 | $655,609 |
| Jessica Strausbaugh | Treasurer | Officer | 2.00 | $0 | $322,265 | $343,093 |
| Amy Pena | Secretary | Officer | 2.00 | $0 | $231,325 | $263,216 |
| Elizabeth Liebman | Director | Director | 1.00 | $0 | $0 | $0 |
| Bryan Traubert | Director | Director | 1.00 | $0 | $0 | $0 |
| Thomas C Liebman | Director | Director | 1.00 | $0 | $0 | $0 |
| Margaret Stineman | Director | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Andrea Saenz
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jessica Strausbaugh
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Amy Pena
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
The Pert Foundation has 1 of 6 recommended governance policies in place. Its board has 5 members, 4 of whom are independent.
The Pert Foundation's financial statements are audited.
The Pert Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
1 record
The Pert Foundation awarded $318.0M across 1 grant to organizations. Top recipients include The Chicago Community Foundation (Chicago, IL) — $318.0M for general support for programs, operations and other charitable purposes.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| The Chicago Community Foundation363432023 | Chicago, IL | $318.0M | General support for programs, operations and other charitable purposes |
Filing History(Tax Years 2003–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-10-01 – 2024-09-30 | $311.7M | $318.1M | $224K |
| 2022 | 990 | 2022-10-01 – 2023-09-30 | $13K | $9K | $408K |
| 2021 | 990 | 2021-10-01 – 2022-09-30 | $791K | $4.2M | $365K |
| 2020 | 990 | 2020-10-01 – 2021-09-30 | $887K | $5.7M | $4.7M |
| 2019 | 990 | 2019-10-01 – 2020-09-30 | $-79K | $960K | $8.8M |
| 2003–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Pert Foundation do?
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.
How much revenue does The Pert Foundation have?
The Pert Foundation reported $311,720,445 in total revenue for tax year 2023, up 2390760.9% from the prior year.
Who is the highest-paid executive at The Pert Foundation?
Andrea Saenz, President and Director, received $655,609 in total compensation as of tax year 2023.
Is The Pert Foundation a 501(c)(3)?
Yes, The Pert Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Pert Foundation located?
The Pert Foundation is headquartered in Chicago, IL 60601.
What type of nonprofit is The Pert Foundation?
The Pert Foundation is classified under NTEE code T20 (Private Grantmaking Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is The Pert Foundation audited?
Yes, The Pert Foundation's financial statements are audited.
Does The Pert Foundation give grants?
Yes, The Pert Foundation distributed $318,021,564 in grants to other organizations and individuals in tax year 2023. Top recipients include The Chicago Community Foundation.
Data Source
Prepared by: RSM US LLP, Chicago, IL
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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