Joseph B Glossberg Foundation
Only null% goes to programs Strong reserves Declining revenue
Joseph B Glossberg Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 1997, with $205,605 in FY2024 revenue. CharityIndex grades it C+.
10 South Wacker Drive Ste 3100, Chicago, IL, 60606 EIN 36-4119754 Since 1997
Revenue (FY2024)
$206K
▲ 41.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$185K
Net assets
$157K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Joseph B Glossberg Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +10% 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 Joseph B Glossberg Foundation: 10 mo reserves · +10% margin earns a A 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 Joseph B Glossberg 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 Joseph B Glossberg Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 10 South Wacker Drive Ste 3100, Chicago, IL, 60606
- City
- Chicago
- State
- Illinois
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $129K (FY2016) to $206K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $157K
Operating margin
10.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$157K
Total liabilities
$0
Net assets
$157K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $205,605▲41.5% | $184,794▼1.5% | $157,175 | $157,175 | 990PF |
| 2023 | $145,272▼58.3% | $187,624▼41.6% | $157,196▼20.3% | $157,196▼20.3% | 990PF |
| 2022 | $348,215▼61.6% | $321,368▼57.1% | $197,341▲14.4% | $197,341▲14.4% | 990PF |
| 2021 | $907,303▲418% | $748,307▲365% | $172,450▲1182% | $172,450▲1182% | 990PF |
| 2020 | $175,250▲133% | $160,883▲122% | $13,454▲1574% | $13,454▲265% | 990PF |
| 2019 | $75,145▼20.3% | $72,340▼31.8% | -$913▲75.4% | $3,685 | 990PF |
| 2018 | $94,226▲329% | $106,132▲496% | -$3,718▼145% | $3,685▼55.0% | 990PF |
| 2017 | $21,958▼82.9% | $17,800▼87.2% | $8,188▲105% | $8,188▲105% | 990PF |
| 2016 | $128,505 | $138,534 | $3,996 | $3,996 | 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 Joseph B Glossberg Foundation a legitimate nonprofit?
- Yes. Joseph B Glossberg Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-4119754, based in Chicago, Illinois. Donations are tax-deductible.
- What is Joseph B Glossberg Foundation's EIN?
- Joseph B Glossberg Foundation's Employer Identification Number (EIN) is 36-4119754.
- How much revenue does Joseph B Glossberg Foundation report?
- Joseph B Glossberg Foundation reported $205,605 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Joseph B Glossberg Foundation have?
- CharityIndex grades Joseph B Glossberg Foundation C+, based on financial health (reserves and operating margin).
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Data for Joseph B Glossberg Foundation (EIN 36-4119754) 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.