Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
ARKES FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)130 E OAK STREET 27A
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60611
A Employer identification number

46-1536842
B Telephone number (see instructions)

(312) 280-8292
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$10,533,615
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 475    
4 Dividends and interest from securities... 237,880 235,926  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 270,336
b Gross sales price for all assets on line 6a 542,063
7 Capital gain net income (from Part IV, line 2)... 250,951
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 11,957 0  
12 Total. Add lines 1 through 11........ 520,648 486,877  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 8,500 4,250   4,250
c Other professional fees (attach schedule)....        
17 Interest............... 32,963 25,256   0
18 Taxes (attach schedule) (see instructions)... 33,494 21,773   115
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 157,140 84,621   28
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 232,097 135,900   4,393
25 Contributions, gifts, grants paid....... 195,906 195,906
26 Total expenses and disbursements. Add lines 24 and 25 428,003 135,900   200,299
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 92,645
b Net investment income (if negative, enter -0-) 350,977
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 350,688 284,202 284,202
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,857,499 Click to see attachment
List of Attached Documents:
// Content
4,006,342
5,650,128
c Investments—corporate bonds (attach schedule)....... 2,355,304 Click to see attachment
List of Attached Documents:
// Content
2,381,988
2,150,313
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,599,426 Click to see attachment
List of Attached Documents:
// Content
1,582,716
2,448,972
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,162,917 8,255,248 10,533,615
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 8,162,917 8,255,562
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 -314
29 Total net assets or fund balances (see instructions)..... 8,162,917 8,255,248
30 Total liabilities and net assets/fund balances (see instructions). 8,162,917 8,255,248
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,162,917
2
Enter amount from Part I, line 27a .....................
2
92,645
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,255,562
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
314
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,255,248
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a FROM K-1 PRIVATE EQUITY CORE FUND (QP) VI, LP P    
b FROM K-1 PRIVATE EQUITY CORE FUND (QP) VI, LP (UBTI) P    
c FROM K-1 PRIVATE EQUITY CORE FUND (QP) IX, LP P    
d FROM K-1 PRIVATE EQUITY CORE FUND (QP) IX, LP (UBIT) P    
e FROM K-1 PRIVATE EQUITY CORE FUND (QP) V, LP P    
FROM K-1 PRIVATE EQUITY CORE FUND (QP) V LP (UBIT) P    
FROM K-1 PRIVATE EQUITY CORE FUND (QP) VIII, LP P    
FROM K-1 PRIVATE EQUITY CORE FUND (QP) VIII, LPII (UBIT) P    
PUBLICLY TRADED SECURITIES - NORTHERN TRUST      
PUBLICLY TRADED SECURITIES - NORTHERN TRUST      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 47,628     47,628
b 15,319   15,319 0
c 1,008     1,008
d 2,832   2,832 0
e 68,027     68,027
1,234   1,234 0
    3,532 -3,532
    1,390 -1,390
6,494   9,976 -3,482
285,477   256,829 28,648
114,044     114,044
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       47,628
b       0
c       1,008
d       0
e       68,027
      0
      -3,532
      -1,390
      -3,482
      28,648
      114,044
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 250,951
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 4,879
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 4,879
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,879
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 13,002
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,002
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,123
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow8,123 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMICHAEL A ARKES Telephone no.right arrow (312) 280-8292

Located atright arrow130 E OAK STREET 27ACHICAGOIL ZIP+4right arrow60611
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MICHAEL ARKES PRESIDENT
3.00
0 0 0
130 E OAK STREET APT 27A
CHICAGO,IL60611
HELEN ARKES DIRECTOR
0.20
0 0 0
130 E OAK STREET APT 27A
CHICAGO,IL60611
JOHN ERAMO DIRECTOR
0.10
0 0 0
2104 NW EVERETT STREET
PORTLAND,OR97210
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NONE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
10,583,328
b
Average of monthly cash balances.......................
1b
241,213
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
10,824,541
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
10,824,541
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
162,368
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,662,173
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
533,109
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
533,109
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
4,879
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
4,002
c
Add lines 2a and 2b............................
2c
8,881
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
524,228
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
524,228
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
524,228
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
200,299
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
200,299
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2021
(c)
2021
(d)
2022
1 Distributable amount for 2022 from Part X, line 7 524,228
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 587,409
b From 2018...... 521,073
c From 2019...... 542,507
d From 2020...... 238,347
e From 2021...... 401,181
f Total of lines 3a through e ........ 2,290,517
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 200,299
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions).....
0
c Treated as distributions out of corpus (Election
required—see instructions)........
0
d Applied to 2022 distributable amount..... 200,299
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 323,929 323,929
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,966,588
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 ..........
0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ...
263,480
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ......
1,703,108
10 Analysis of line 9:
a Excess from 2018.... 521,073
b Excess from 2019.... 542,507
c Excess from 2020.... 238,347
d Excess from 2021.... 401,181
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
MICHAEL ARKES
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

A BETTER CHICAGO

600 W VAN BUREN STREET STE 510
CHICAGO,IL60607
NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000

ALLIANCE TO END HOMELESSNESS IN SUBURBAN COOK COUNTY

4415 HARRISON STREET STE 228
HILLSIDE,IL60162
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION INC

225 N MICHIGAN AVENUE STE 1700
CHICAGO,IL60601
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC

125 BROAD STREET 18TH FLOOR
NEW YORK,NY10004
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

AMNESTY INTERNATIONAL OF THE USA INC

5 PENN PLAZA 16TH FLOOR
NEW YORK,NY10001
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

AMY KROUSE ROSENTHAL FOUNDATION

111 W WASHINGTON STREET STE 1500
CHICAGO,IL60602
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500

ANSHE EMET SYNAGOGUE

3751 N BROADWAY STREET
CHICAGO,IL60613
NONE PC EXEMPT PURPOSE OF ORGANIZATION 17,483

AUNT MARTHAS HEALTH AND WELLNESS INC

19990 GOVERNORS HIGHWAY
OLYMPIA FIELDS,IL60461
NONE PC EXEMPT PURPOSE OF ORGANIZATION 3,000

BAUTISTA MEMORIAL SCHOLARSHIP

6425 S HARLEM AVENUE
CHICAGO,IL60638
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,250

BELOIT COLLEGE

700 COLLEGE STREET
BELIOT,WI53511
NONE PC EXEMPT PURPOSE OF ORGANIZATION 11,000

BLUE SKY BAKERY

3720 N LINCOLN
CHICAGO,IL60613
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

BRADY CENTER TO PREVENT GUN VIOLENCE

840 1ST STREET NE STE 400
WASHINGTON,DC20002
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

CARA PROGRAM

237 S DES PLAINES STREET
CHICAGO,IL60661
NONE PC EXEMPT PURPOSE OF ORGANIZATION 3,250

CHICAGO ARCHITECTURE FOUNDATION

224 S MICHIGAN AVENUE
CHICAGO,IL60604
NONE PC EXEMPT PURPOSE OF ORGANIZATION 93

CHICAGO BOTANICAL GARDENS

1000 LAKE COOK ROAD
GLENCOE,IL60022
NONE PC EXEMPT PURPOSE OF ORGANIZATION 189

CHICAGO CHILDRENS ADVOCACY CENTER

1240 S DAMEN AVENUE
CHICAGO,IL60608
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,000

CHICAGO COALITION FOR THE HOMELESS

70 E LAKE STREET STE 720
CHICAGO,IL60601
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

CHICAGO HISTORY MUSEUM

1601 N CLARK STREET
CHICAGO,IL60614
NONE PC EXEMPT PURPOSE OF ORGANIZATION 130

CHICAGO PUBLIC MEDIA INC

848 E GRAND AVENUE NAVY PIER
CHICAGO,IL60611
NONE PC EXEMPT PURPOSE OF ORGANIZATION 240

CHRISTOPHER HOUSE

1611 W DIVISION STREET APT 208
CHICAGO,IL60622
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

CIRCESTEEM INC

4730 SHERIDAN ROAD
CHICAGO,IL60640
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

COHEN HILLEL AT THE UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN

503 E JOHN STREET
CHAMPAIGN,IL61820
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

COUNCIL FOR JEWISH ELDERLY

3003 W TOUHY AVENUE
CHICAGO,IL60645
NONE PC EXEMPT PURPOSE OF ORGANIZATION 4,800

DELTA INSTITUTE

35 E WACKER DRIVE STE 1200
CHICAGO,IL60601
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

DIGESTIVE HEALTH FOUNDATION

251 E HURON STREET STE 3-200
CHICAGO,IL60611
NONE PC EXEMPT PURPOSE OF ORGANIZATION 7,500

DOCTORS WITHOUT BORDERS USA INC

333 SEVENTH AVENUE STE 2ND FLOOR
NEW YORK,NY10001
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

ENCHANTED BACKPACK

155 N WACKER DRIVE STE 1680
CHICAGO,IL60606
NONE PC EXEMPT PURPOSE OF ORGANIZATION 5,000

ENVIRONMENTAL DEFENSE FUND INCORPORATED

257 PARK AVENUE SOUTH
NEW YORK,NY10010
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

ERIKSON INSTITUTE

451 N LASALLE DRIVE
CHICAGO,IL60654
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

FEEDING AMERICA

161 NORTH CLARK STREET SUITE 700
CHICAGO,IL60601
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

FINCA INTERNATIONAL INC

1201 15TH STREET NW 8TH FLOOR
WASHINGTON,DC20005
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

FRIENDS OF THE SMITHSONIAN

PO BOX 37012 MRC 712
WASHINGTON,DC20013
NONE PC EXEMPT PURPOSE OF ORGANIZATION 90

GENESYS WORKS CHICAGO

180 N WABASH AVE SUITE 600
CHICAGO,IL60601
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

GREATER CHICAGO FOOD DEPOSITORY

4100 W ANN LURIE PLACE
CHICAGO,IL60632
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,000

GROWING HOME INC

2732 N CLARK STREET
CHICAGO,IL60614
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,000

HADASSAH FOUNDATION INC

40 WALL STREET
NEW YORK,NY10005
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

HEIFER INTERNATIONAL FOUNDATION

1 WORLD AVENUE
LITTLE ROCK,AR72202
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

HELPING HAND INCENTIVES

329 W 18TH STREET STE 714
CHICAGO,IL60616
NONE PC EXEMPT PURPOSE OF ORGANIZATION 19,500

HIGH JUMP

59 W NORTH BOULEVARD
CHICAGO,IL60610
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,000

HIGHSIGHT

315 W WALTON STREET
CHICAGO,IL60610
NONE PC EXEMPT PURPOSE OF ORGANIZATION 10,000

HOLOCAUST MEMORIAL FOUNDATION OF ILLINOIS INC

9603 WOODS DRIVE
SKOKIE,IL60077
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

HUMAN RIGHTS WATCH INC

350 FIFTH AVENUE 34TH FLOOR
NEW YORK,NY10118
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

IMMUNE DEFICIENCY FOUNDATION

110 WEST ROAD NO 300
TOWSON,MD21204
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

IMPACT 100 CHICAGO NFP

PO BOX 607
PALATINE,IL60078
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,100

INSPIRATION CORPORATION

4554 N BROADWAY STREET STE 207
CHICAGO,IL60640
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

JDRF INTERNATIONAL

26 BROADWAY 14TH FLOOR
NEW YORK,NY10004
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

JEWISH CHILD AND FAMILY SERVICES

216 W JACKSON BOULEVARD STE 800
CHICAGO,IL60606
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

JEWISH WOMEN'S FOUNDATION OF METROPOLITAN CHICAGO

30 S WELLS STREET THIRD FLOOR
CHICAGO,IL60606
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,000

LAKEVIEW PANTRY

3945 N SHERIDAN ROAD
CHICAGO,IL60613
NONE PC EXEMPT PURPOSE OF ORGANIZATION 5,000

LATINOS PROGRESANDO

3047 W CERMAK ROAD
CHICAGO,IL60623
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,500

LAWRENCE HALL

4833 N FRANCISCO AVE
CHICAGO,IL60625
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

LINCOLN PARK ZOOLOGICAL SOCIETY

2001 N CLARK STREET
CHICAGO,IL60614
NONE PC EXEMPT PURPOSE OF ORGANIZATION 95

MAKE-A-WISH FOUNDATION OF ILLINOIS INC

640 N LASALLE DRIVE NO 280
CHICAGO,IL60654
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

MAOT CHITIM OF GREATER CHICAGO INC

7366 N LINCOLN AVENUE
LINCOLNWOOD,IL60712
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

MASORTI FOUNDATION FOR CONSERVATIVE JUDAISM IN ISRAEL

475 RIVERSIDE DRIVE STE 832
NEW YORK,NY10115
NONE PC EXEMPT PURPOSE OF ORGANIZATION 460

MAZON INC A JEWISH RESPONSE TO HUNGER

10850 WILSHIRE BLVD STE 400
LOS ANGELES,CA90024
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

MEALS ON WHEELS FOUNDATION OF COOK COUNTY

3239 GROVE AVENUE STE 202
BERWYN,IL60402
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

MERCADO GLOBAL INC

254 36TH STREET UNIT 41 STE C308
BROOKLYN,NY11232
NONE PC EXEMPT PURPOSE OF ORGANIZATION 4,000

MUSEUM OF SCIENCE & INDUSTRY

5700 S LAKE SHORE DRIVE
CHICAGO,IL60637
NONE PC EXEMPT PURPOSE OF ORGANIZATION 131

NATIONAL COUNCIL OF JEWISH WOMEN INCORPORATED

475 RIVERSIDE DRIVE STE 1901
NEW YORK,NY10115
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,100

NATIONAL IMMIGRANT JUSTICE CENTER

224 S MICHIGAN AVE STE 600
CHICAGO,IL60604
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500

NATURE CONSERVANCY

4245 N FAIRFAX DRIVE
ARLINGTON,VA22203
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

NEIGHBORHOOD HOUSING SERVICES OF CHICAGO

1279 N MILWAUKEE AVENUE
CHICAGO,IL60622
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

NEW ISRAEL FUND

6 E 39TH STREET STE 301
NEW YORK,NY10016
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

NIGHT MINISTRY

4711 N RAVENSWOOD AVENUE
CHICAGO,IL60640
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500

OXFAM AMERICA ACTION FUND INC

226 CAUSEWAY STREET 5TH FLOOR
BOSTON,MA02114
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

PLANNED PARENTHOOD OF ILLINOIS

18 S MICHIGAN AVENUE 6TH FLOOR
CHICAGO,IL60603
NONE PC EXEMPT PURPOSE OF ORGANIZATION 6,000

PURDUE RESEARCH FOUNDATION

1281 WIN HENTSCHEL BOULEVARD
WEST LAFAYETTE,IN47906
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

READING IS FUNDAMENTAL

750 FIRST STREET NE SUITE 920
WASHINGTON,DC20002
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

RESURRECTION PROJECT

1805 S PAULINA ST
CHICAGO,IL60608
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

SARGENT SHRIVER NATIONAL CENTER ON POVERTY LAW

111 N WABASH AVENUE 500
CHICAGO,IL60602
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

SHALVA INC

PO BOX 46375
CHICAGO,IL60646
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,720

SMILE TRAIN INC

633 THIRD AVENUE 9TH FL
NEW YORK,NY10017
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

SOUTHERN POVERTY LAW CENTER INC

400 WASHINGTON AVENUE
MONTGOMERY,AL36104
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP

610 S MICHIGAN AVENUE
CHICAGO,IL60605
NONE PC EXEMPT PURPOSE OF ORGANIZATION 75

STORYCATCHERS THEATRE

544 W OAK STREET STE 1005
CHICAGO,IL60610
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

TEACH FOR AMERICA INC

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004
NONE PC EXEMPT PURPOSE OF ORGANIZATION 15,000

TECHNOSERVE INC

1777 NORTH KENT STREET NW
ARLINGTON,VA22209
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

THE ARK

6450 N CALIFORNIA AVENUE
CHICAGO,IL60645
NONE PC EXEMPT PURPOSE OF ORGANIZATION 6,000

THE CHICAGO LIGHTHOUSE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED

1850 W ROOSEVELT ROAD
CHICAGO,IL60608
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

THE JACK & SHIRLEY LUBEZNIK CENTER FOR THE ARTS INC

101 W 2ND STREET
MICHIGAN CITY,IN46360
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

THE SALVATION ARMY

5550 PRAIRIE STONE PARKWAY
HOFFMAN ESTATES,IL60192
NONE PC EXEMPT PURPOSE OF ORGANIZATION 200

TWIST OUT CANCER

PO BOX 427
VILLANOVA,PA19085
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

UNION OF CONCERNED SCIENTISTS INC

2 BRATTLE SQUARE STE 6
CAMBRIDGE,MA02138
NONE PC EXEMPT PURPOSE OF ORGANIZATION 200

UNITED STATES FUND FOR UNICEF

125 MAIDEN LANE 10TH FLOOR
NEW YORK,NY10038
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500

UNITED STATES HOLOCAUST MEMORIAL COUNCIL

100 RAOUL WALLENBERG PLACE SW
WASHINGTON,DC20024
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION

1 OLYMPIC PLAZA
COLORADO SPRINGS,CO80909
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

VOCEL VIEWING OUR CHILDREN AS EMERGING LEADERS NFP

5317 W CHICAGO AVENUE
CHICAGO,IL60651
NONE PC EXEMPT PURPOSE OF ORGANIZATION 5,000

WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC

120 BROADWAY STE 1720
NEW YORK,NY10271
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

ROBERT SUTZ WE REMEMBER HOLOCAUST MEMORIAL

8529 E MACKENZIE DR
SCOTTSDALE,AZ852512859
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

ANEW

18338 ANDOVER PARK WEST
TUKWILA,WA98188
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000

EZRA-HABONIM THE NILES TOWNSHIP JEWISH CONGREGATION

4500 DEMPSTER STREET
SKOKIE,IL60076
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

NEPAL YOUTH FOUNDATION

1016 LINCOLN BLVD SUITE 222
SAN FRANCISCO,CA94129
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

TEEN INNOVATORS

222 W MERCHANDISE MART PLAZA STE
570
CHICAGO,IL60654
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

LEAGUE OF WOMEN VOTERS OF THE UNITED STATES

1233 20TH STREET NW STE 500
WASHINGTON,DC20036
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

TOURETTE ASSOCIATION OF AMERICA

42-40 BELL BLVD STE 507
BAYSIDE,NY11361
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

HORACE MANN ALUMNI ENRICHMENT FUND

12244 LA MAIDA STREET
VALLEY VILLAGE,CA91607
NONE PC EXEMPT PURPOSE OF ORGANIZATION 2,500

MISHKAN CHICAGO

4001 N RAVENSWOOD STE 101
CHICAGO,IL60613
NONE PC EXEMPT PURPOSE OF ORGANIZATION 100

WTTW

5400 N SAINT LOUIS AVENUE
CHICAGO,IL606254698
NONE PC EXEMPT PURPOSE OF ORGANIZATION 150

WORLD VISION

PO BOX 9716
FEDERAL WAY,WA98063
NONE PC EXEMPT PURPOSE OF ORGANIZATION 500

NATIONAL ALLIANCE ON MENTAL ILLNESS

8324 SKOKIE BLVD
SKOKIE,IL60077
NONE PC EXEMPT PURPOSE OF ORGANIZATION 250

BROTHERS FOR LIFE

1126 34TH AVE STE 309
SEATTLE,WA98122
NONE PC EXEMPT PURPOSE OF ORGANIZATION 1,000
Total .................................right arrow 3a 195,906
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
    14 475  
4 Dividends and interest from securities .... 900001 1,954 14 235,926  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14    
8 Gain or (loss) from sales of assets other than
inventory ............
900001 17,995 18 252,341  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFROM K-1: PRIVATE EQUITY CORE FUND V, LP - OTHER INCOME (UBTI)
900001 5,121      
bFROM K-1: PRIVATE EQUITY CORE FUND (QP) VI, LP - OTHER INCOME (UBTI) 900001 2,143      
cFROM K-1: PRIVATE EQUITY CORE FUND VIII, LP - OTHER INCOME (UBTI) 900001 7,064      
dFROM K-1: PRIVATE EQUITY CORE FUND IX, LP - OTHER INCOME (UBTI) 900001 -2,371      
e
12 Subtotal. Add columns (b), (d), and (e) .. 31,906 488,742 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
520,648
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name SmallBullet
Firm's EIN SmallBullet
Firm's address SmallBullet


Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,500 4,250   4,250

TY 2022 InvestmentsCorpBondsSchedule
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Name of Bond End of Year Book Value End of Year Fair Market Value
FIXED INCOME CORPORATE BONDS 2,381,988 2,150,313

TY 2022 InvestmentsCorpStockSchedule
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 4,006,342 5,650,128

TY 2022 InvestmentsOtherSchedule2
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PRIVATE EQUITY CORE FUND IX LP AT COST 112,226 157,815
PRIVATE EQUITY CORE FUND V LP AT COST 246,077 601,145
PRIVATE EQUITY CORE FUND VI AT COST 220,785 490,602
PRIVATE EQUITY CORE FUND VIII AT COST 125,800 229,287
REAL ESTATE & COMMODITIES FUNDS AT COST 877,828 970,123

TY 2022 OtherDecreasesSchedule
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Description Amount
NONDEDUCTIBLE EXPENSES FROM K-1S 314


TY 2022 OtherExpensesSchedule
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI LP 9,527 8,145   0
FROM K-1: PRIVATE EQUITY CORE FUND IX LP 10,353 2,172   0
FROM K-1: PRIVATE EQUITY CORE FUND V LP 13,306 13,168   0
FROM K-1: PRIVATE EQUITY CORE FUND VIII LP 15,465 12,574   0
NORTHERN TRUST FEES 47,912 47,912   0
CONTRIBUTIONS FROM K-1S 34 0   28
MISCELLANEOUS 59,893 0   0
INVESTMENT EXPENSES FROM K-1S 650 650   0


TY 2022 OtherIncomeSchedule2
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI LP 1,455 1,455 1,455
FROM K-1: PRIVATE EQUITY CORE FUND IX LP -330 -330 -330
FROM K-1: PRIVATE EQUITY CORE FUND V LP -2,453 -2,453 -2,453
FROM K-1: PRIVATE EQUITY CORE FUND VIII LP 517 517 517
NORTHERN TRUST- OTHER INCOME 161 161 161
OTHER INCOME 650 650 650
FROM K-1: PRIVATE EQUITY CORE FUND V, LP - OTHER INCOME (UBTI) 5,121   5,121
FROM K-1: PRIVATE EQUITY CORE FUND (QP) VI, LP - OTHER INCOME (UBTI) 2,143   2,143
FROM K-1: PRIVATE EQUITY CORE FUND VIII, LP - OTHER INCOME (UBTI) 7,064   7,064
FROM K-1: PRIVATE EQUITY CORE FUND IX, LP - OTHER INCOME (UBTI) -2,371   -2,371


TY 2022 TaxesSchedule
Name:
ARKES FAMILY FOUNDATION
EIN:
46-1536842
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 22,000 15,000   0
FOREIGN TAXES 6,773 6,773   0
ILLINOIS TAXES 4,721 0   115