Gilbert and Jacqueline R Fern Foundation
Only null% goes to programs Strong reserves Declining revenue
Gilbert and Jacqueline R Fern Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 2009, with $41,657 in FY2024 revenue. CharityIndex grades it F.
233 S Wacker Dr, Chicago, IL, 60606 EIN 26-1464104 Since 2009
Revenue (FY2024)
$42K
▼ 46.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$178K
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gilbert and Jacqueline R Fern Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating71 mo reserves · -327% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gilbert and Jacqueline R Fern Foundation: 71 mo reserves · -327% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gilbert and Jacqueline R Fern Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gilbert and Jacqueline R Fern Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 233 S Wacker Dr, Chicago, IL, 60606
- City
- Chicago
- State
- Illinois
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $2,218 (FY2013) to $42K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.1M
Operating margin
-326.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $41,657▼46.7% | $177,740▼3.4% | $1,051,775▼11.5% | $1,051,775▼11.5% | 990PF |
| 2023 | $78,205▲119% | $183,925▲305% | $1,187,858▼8.2% | $1,187,858▼8.2% | 990PF |
| 2022 | $35,732▼97.4% | $45,454▼87.8% | $1,293,578▼0.7% | $1,293,578▼0.7% | 990PF |
| 2021 | $1,395,966▲1713% | $371,869▲35.5% | $1,303,300▲367% | $1,303,300▲367% | 990PF |
| 2020 | $76,979▲545% | $274,492▲236% | $279,203▼41.4% | $279,203▼41.4% | 990PF |
| 2019 | $11,934▼94.8% | $81,749▲56.0% | $476,716▼12.8% | $476,716▼12.8% | 990PF |
| 2018 | $231,084▼11.1% | $52,406▲11.4% | $546,531▲48.6% | $546,531▲48.6% | 990PF |
| 2017 | $259,870▲15026% | $47,048▼49.4% | $367,853▲137% | $367,853▲137% | 990PF |
| 2016 | $1,718▼22.5% | $92,914▲492% | $155,030▲111% | $155,031▲111% | 990PF |
| 2013 | $2,218 | $15,706▼94.8% | $73,536▼82.4% | $73,536▼82.4% | 990PF |
| 2011 | — | $304,421▼27.5% | $418,654▼34.0% | $418,654▼34.0% | 990PF |
| 2010 | — | $419,774 | $634,579 | $634,579 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Gilbert and Jacqueline R Fern Foundation a legitimate nonprofit?
- Yes. Gilbert and Jacqueline R Fern Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-1464104, based in Chicago, Illinois. Donations are tax-deductible.
- What is Gilbert and Jacqueline R Fern Foundation's EIN?
- Gilbert and Jacqueline R Fern Foundation's Employer Identification Number (EIN) is 26-1464104.
- How much revenue does Gilbert and Jacqueline R Fern Foundation report?
- Gilbert and Jacqueline R Fern Foundation reported $41,657 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gilbert and Jacqueline R Fern Foundation have?
- CharityIndex grades Gilbert and Jacqueline R Fern Foundation F, based on financial health (reserves and operating margin).
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Data for Gilbert and Jacqueline R Fern Foundation (EIN 26-1464104) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.