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The First Spoke Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200894628 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is The First Spoke Foundation?

The First Spoke Foundation, based in Chicago, Illinois, is a charitable organization that adheres to the guidelines set by its by-laws and the Jewish Federation of Metropolitan Chicago. Its mission is to support and promote the charitable, educational, and/or religious purposes of the Jewish Federation of Metropolitan Chicago, as authorized in their charter. The foundation accomplishes this by providing grants to eligible charitable organizations, all of which are exempt under IRC Section 501(c)(3).

Is The First Spoke Foundation legitimate?

The First Spoke Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The First Spoke Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The First Spoke Foundation?

The First Spoke Foundation's mission is geared towards supporting and promoting the charitable, educational, and religious purposes established by the Jewish Federation of Metropolitan Chicago. The foundation adheres to the bylaws of the Jewish Federation and only grants funds to eligible charitable organizations that meet the guidelines set by the foundation and the charter of the Jewish Federation, all of which are tax-exempt under IRC Section 501(c)(3). The foundation's goal is to foster and maintain these broad charitable objectives as authorized by the Jewish Federation of Metropolitan Chicago.

Who is the CEO of The First Spoke Foundation?

Rose Jagust is the Assistant Secretary of The First Spoke Foundation.

What is the revenue of The First Spoke Foundation?

The First Spoke Foundation's revenue in 2022 was $4,480,404.

Who are the executives of The First Spoke Foundation and what are their salaries?

There 2 volunteers at The First Spoke Foundation.


Here are 7 key members and their salaries:


Lonnie Nasatir (Treasurer)
  • Compensation: $0
  • Related: $450,112
  • Other: $31,655
Michael J Krasny (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Berger Shapiro (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Boaz Blumovitz (Assistant Treasurer)
  • Compensation: $0
  • Related: $339,676
  • Other: $25,117
James A Pinkston (Assistant Treasurer)
  • Compensation: $0
  • Related: $293,232
  • Other: $36,845
Rose Jagust (Assistant Secretary)
  • Compensation: $0
  • Related: $188,546
  • Other: $56,817
Adam Levine (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The First Spoke Foundation?

The First Spoke Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The First Spoke Foundation

The First Spoke Foundation is established with the primary objective of promoting, fostering, and supporting the charitable, educational, and/or religious endeavors of the Jewish Federation of Metropolitan Chicago, as per their by-laws. The Foundation's mission is multifaceted, aiming to develop, encourage, and maintain these purposes for the benefit of various charitable organizations. All the organizations that receive grants from The First Spoke Foundation adhere to the guidelines outlined in the Foundation's by-laws and the charter of the Jewish Federation of Metropolitan Chicago, ensuring they are tax-exempt under IRC Section 501(c)(3). By providing funding to these organizations, The First Spoke Foundation plays a significant role in supporting the broader charitable objectives of the Jewish Federation of Metropolitan Chicago.

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Impact




October, 2024

The First Spoke Foundation plays a significant role in strengthening the community by supporting diverse charitable, educational, and religious initiatives aligned with the Jewish Federation of Metropolitan Chicago. By providing grants to qualifying organizations, it enhances resources available for various projects and programs that benefit the community. Its impact is felt through the enriched cultural, educational, and religious landscape that emerges from these partnerships, fostering a sense of community connection and support. Through its dedicated efforts, the foundation helps maintain a vibrant and supportive environment for those in need, ensuring that essential services and programs continue to thrive within the Chicago area.




This information is meant to be a general summary of The First Spoke Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,480,404 (2022)
Expenses
$12,896,988 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $326,022
  • Gross Receipts: $4,480,404

Assets and Liabilities:

  • Total Assets: $7,771,209
  • Total Liabilities: $7,428,650
  • Net Assets: $342,559

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Organization Details

Founding Year

2004

Principal Officer

Rose Jagust

Main Address

30 South Wells Street 4049, Chicago, IL, 60606

NTEE Category

Code: X113 - Religion related

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