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
STEANS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)50 E WASHINGTON STREET 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60602
A Employer identification number

36-3486843
B Telephone number (see instructions)

(312) 467-5900
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$346,020,660J 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) 515,111
2 Check right arrow.............
3 Interest on savings and temporary cash investments 594,560 594,560  
4 Dividends and interest from securities... 9,419,884 9,419,884  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,639,193
b Gross sales price for all assets on line 6a 14,393,968
7 Capital gain net income (from Part IV, line 2)... 4,639,193
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)....... Click to see attachment
List of Attached Documents:
// Content
-2,132,338 -1,656,860  
12 Total. Add lines 1 through 11........ 13,036,410 12,996,777  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 2,270,255 0   2,270,255
15 Pension plans, employee benefits....... 299,122 0   299,122
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
69,560 0   69,560
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,702 0   8,702
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
472,429 298,186   174,243
17 Interest............... 1,549 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
604,725 37,567   567,158
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
104,459 0  
20 Occupancy.............. 81,483 0   81,483
21 Travel, conferences, and meetings....... 11,288 0   11,288
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,655,623 0   2,655,353
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,579,195 335,753   6,137,164
25 Contributions, gifts, grants paid....... 16,594,143 16,594,143
26 Total expenses and disbursements. Add lines 24 and 25 23,173,338 335,753   22,731,307
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,136,928
b Net investment income (if negative, enter -0-) 12,661,024
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............. 23,321,898 1,464,715 1,464,715
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow4,647
Less: allowance for doubtful accounts right arrow   43,307 4,647 4,647
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.......... 35,870 39,162 39,162
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 211,259,683 Click to see attachment
List of Attached Documents:
// Content
211,698,279 		268,942,465
c Investments—corporate bonds (attach schedule).......      
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).......... 62,578,836 Click to see attachment
List of Attached Documents:
// Content
72,626,508 		68,489,892
14 Land, buildings, and equipment: basis right arrow8,450,945
Less: accumulated depreciation (attach schedule) right arrow1,460,241 3,740,934 Click to see attachment
List of Attached Documents:
// Content
6,990,704 		6,990,704
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
43,253 		Click to see attachment
List of Attached Documents:
// Content
89,075 		Click to see attachment
List of Attached Documents:
// Content
89,075
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 301,023,781 292,913,090 346,020,660
Liabilities 17 Accounts payable and accrued expenses.......... 3,999,243 1,019,067
18 Grants payable................. 5,498,130 11,779,482
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) Click to see attachment
List of Attached Documents:
// Content
3,458,584 		Click to see attachment
List of Attached Documents:
// Content
2,048,331
23 Total liabilities (add lines 17 through 22)......... 12,955,957 14,846,880
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........... 288,067,824 278,066,210
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 288,067,824 278,066,210
30 Total liabilities and net assets/fund balances (see instructions). 301,023,781 292,913,090
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
288,067,824
2
Enter amount from Part I, line 27a .....................
2
-10,136,928
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
135,314
4
Add lines 1, 2, and 3 ..........................
4
278,066,210
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
278,066,210
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 PUBLICLY TRADED STOCKS - SHORT TERM P    
b PUBLICLY TRADED STOCKS - SHORT TERM P    
c PUBLICLY TRADED STOCKS - SHORT TERM P    
d PUBLICLY TRADED STOCKS - LONG TERM P    
e PUBLICLY TRADED STOCKS - LONG TERM P    
FROM PASSTHROUGH K-1S P    
WRITE OFF OF INVESTMENTS 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 3,500,287   2,556,043 944,244
b 561,861     561,861
c 1,726,989   2,016,859 -289,870
d 4,802,612   4,054,280 748,332
e 1,021,686   1,127,593 -105,907
1,564,311     1,564,311
1,216,222     1,216,222
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       944,244
b       561,861
c       -289,870
d       748,332
e       -105,907
      1,564,311
      1,216,222
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 4,639,193
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) 1 175,988
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........................... 3 175,988
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- ..... 5 175,988
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 210,061
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 110,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 320,061
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
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 10 144,073
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow144,073 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 arrowSTEANSFAMILYFOUNDATION.ORG
14
The books are in care ofright arrowDAVE GERVASE Telephone no.right arrow (312) 235-4521

Located atright arrow50 E WASHINGTON STREET SUITE 400CHICAGOIL ZIP+4right arrow60602
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)
Yes
 
(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
 
No
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
Yes
 
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
 
No
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
HEATHER STEANS PRESIDENT
30.00 		0 0 0
5348 N LAKEWOOD
CHICAGO,IL60640
ROBIN STEANS VICE PRESIDENT
5.00 		0 0 0
440 W BELDEN
CHICAGO,IL60614
JENNIFER STEANS TREASURER
5.00 		0 0 0
2550 N LAKEVIEW UNIT S1701
CHICAGO,IL60614
JIM KASTENHOLZ TRUSTEE
5.00 		0 0 0
2550 N LAKEVIEW UNIT S1701
CHICAGO,IL60614
LEO SMITH TRUSTEE
5.00 		0 0 0
5348 N LAKEWOOD
CHICAGO,IL60640
LENNY GAIL TRUSTEE
5.00 		0 0 0
440 W BELDEN
CHICAGO,IL60614
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
PAT FORD EXECUTIVE DIRECTOR
40.00 		250,000 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
EVAN WESTERFIELD MANAGING DIRECTOR
40.00 		210,000 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
YOLANDA KNIGHT MANAGING DIRECTOR
40.00 		180,000 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
ALLISON ANGELONI DIRECTOR OF POLICY
40.00 		165,000 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
ELIZABETH GARCIA RESEARCH DIRECTOR
40.00 		141,174 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
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
FINANCIAL INVESTMENT CORPORATION CONSULTING FEES 298,186
50 E WASHINGTON ST SUITE 400
CHICAGO,IL60602
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 GRANT MAKING AND PROGRAMS INTENDED TO REVITALIZE THE NORTH LAWNDALE NEIGHBORHOOD ON CHICAGO'S WEST SIDE 13,816,019
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  
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
327,887,368
b
Average of monthly cash balances.......................
1b
17,877,804
c
Fair market value of all other assets (see instructions)................
1c
36,223
d
Total (add lines 1a, b, and c).........................
1d
345,801,395
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
345,801,395
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,187,021
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
340,614,374
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
17,030,719
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
17,030,719
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
175,988
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
175,988
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
16,854,731
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
16,854,731
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
16,854,731
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
22,731,307
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
22,731,307
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 16,854,731
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...... 8,019,378
b From 2018...... 9,732,209
c From 2019...... 8,978,780
d From 2020...... 2,587,297
e From 2021...... 849,230
f Total of lines 3a through e ........ 30,166,894
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 22,731,307
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..... 16,854,731
e Remaining amount distributed out of corpus 5,876,576
5 Excess distributions carryover applied to 2022. 0 0
(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 36,043,470
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) ... 		8,019,378
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		28,024,092
10 Analysis of line 9:
a Excess from 2018.... 9,732,209
b Excess from 2019.... 8,978,780
c Excess from 2020.... 2,587,297
d Excess from 2021.... 849,230
e Excess from 2022.... 5,876,576
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).)
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

GRANTS- SEE ATTACHED LIST

VARIOUS
VARIOUS,IL99999 		NONE PC GENERAL SUPPORT 13,816,019

OTHER GRANTS

VARIOUS
VARIOUS,IL99999 		NONE PUBLIC GENERAL SUPPORT 2,778,124
Total .................................right arrow 3a 16,594,143
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 ........... 		    14 594,560  
4 Dividends and interest from securities ....     14 9,419,884  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 4,639,193  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aVIA K-1: ORDINARY INCOME 		  131,792 16 138,821  
bVIA K-1: INTEREST INCOME   12,139 14 538,016  
cVIA K-1: DIVIDEND INCOME   480 14 283,715  
dVIA K-1: RENT INCOME   -619,889 14 -63,682  
eVIA K-1: PORTFOLIO DEDUCTIONS     16 -43,842  
fVIA K-1: OTHER DEDUCTIONS     16 -2,672,346  
gVIA K-1: OTHER INCOME     16 127,247  
hVIA K-1: FOREIGN TAX     16 -2,879  
iVIA K-1: ROYALTY INCOME     15 9,575  
jMISCELLANEOUS INCOME     14 28,515  
12 Subtotal. Add columns (b), (d), and (e) .. -475,478 12,996,777 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
12,521,299
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
STEANS FAMILY FOUNDATION
 
Employer identification number

36-3486843
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
STEANS FAMILY FOUNDATION
  		Employer identification number
36-3486843
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
JENNIFER STEANS DAF
 
50 E WASHINGTON STREET 400
 
CHICAGO, IL60602

$ 118


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ROBIN M STEANS - DAF
 
50 E WASHINGTON STREET 400
 
CHICAGO, IL60602

$ 445,122


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
HEATHER A STEANS DAF
 
50 E WASHINGTON STREET 400
 
CHICAGO, IL60602

$ 68,571


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
PHILIP LOUDEN
 
50 E WASHINGTON STREET 400
 
CHICAGO, IL60602

$ 1,300


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
STEANS FAMILY FOUNDATION
  		Employer identification number

36-3486843
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 66,290 SHARES FITB (COST $118, FMV $1,002,636) $ 1,002,636 2022-03-25
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 118,569 SHARES LBRT (COST $445,122, FMV $1,476,777) $ 1,476,777 2022-02-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
STEANS FAMILY FOUNDATION
  		Employer identification number

36-3486843
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,702 0   8,702

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TY 2022 DepreciationSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
GARLAND OFFICE 2008-01-01 2,672,455 956,481 SL 39.000000000000 68,524 0    
GARLAND OFFICE - FURNITURE AND FIXTURES 2008-01-01 186,391 186,391 200DB 7.000000000000 0 0    
GARLAND OFFICE - IT EQUIPMENT 2008-01-01 49,853 49,853 200DB 5.000000000000 0 0    
COMMUNITY FAC - 1606 CHRISTIANA 2007-10-30 30,000   L   0 0    
RL ACQUISITIONS - 4338-46 W. 18TH ST 2007-11-15 130,000   L   0 0    
RL ACQUISITIONS - 1626 S. CHRISTIANA 2008-01-24 35,000   L   0 0    
RL ACQUISITIONS - 4343 W. 18TH ST 2008-01-16 85,000   L   0 0    
COMMUNITY FAC - 1600-02 CHRISTIANA 2008-10-08 90,000   L   0 0    
PARKING SPACES - HERITAGE 2008-01-01 300,000 107,368 SL 39.000000000000 7,692 0    
FURNITURE AND FIXTURES 2009-04-28 6,458 3,229 200DB 7.000000000000 0 0    
COMPUTER EQUIPMENT - SERVER 2009-04-03 3,203 1,601 200DB 5.000000000000 0 0    
CARD KEY SYSTEM 2013-03-01 5,432 2,716 200DB 5.000000000000 0 0    
PHONE SYSTEM 2013-08-16 7,286 3,643 200DB 5.000000000000 0 0    
GARLAND OFFICE - IT EQUIPMENT 2016-06-29 10,018 5,009 200DB 5.000000000000 0 0    
NORTH CHICAGO BUILD OUT 2018-07-30 21,542 1,909 SL 39.000000000000 552 0    
NORTH CHICAGO BUILD OUT 2019-07-30 297,152 18,730 SL 39.000000000000 7,619 0    
NORTH CHICAGO BUILD OUT 2020-09-30 23,985 794 SL 39.000000000000 615 0    
RL ACQUISITIONS - 3917 W ROOSEVELT 2021-08-09 240,000   L   0 0    
RL ACQUISITIONS - 3932 W ROOSEVELT 2021-08-09 312,800   L   0 0    
RL ACQUISITIONS - 3935 W ROOSEVELT 2021-08-09 240,000   L   0 0    
RL ACQUISITIONS - 1600 S. KEDZIE 2021-08-19 348,000   L   0 0    
NORTH CHICAGO EQUIPMENT 2022-08-26 4,230   200DB 5.000000000000 4,230 0    
4100 W FILLMORE ST 2022-11-03 3,350,000   SL 27.500000000000 15,227 0    

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TY 2022 ExpenditureResponsibilityStmt
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
CITY OF NORTH CHICAGO
  		1850 LEWIS AVE
NORTH CHICAGO,IL60064 		2022-12-19 90,000 SUMMER OPPORTUNITIES PROGRAM 90,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
NORTH CHICAGO COMMUNITY UNIFIED SCHOOL DISTRICT 187
  		DISTRICT 187 2000 LEWIS AVE
NORTH CHICAGO,IL60064 		2022-05-16 100,000 TO IMPLEMENT ADDITIONAL ACEDEMIC SUPPORTS NEEDED TO ADDRESS THE IMPACTS ASSOCIATED WITH THE PANDEMIC 100,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
NORTH CHICAGO COMMUNITY UNIFIED SCHOOL DISTRICT 187
  		DISTRICT 187 2000 LEWIS AVE
NORTH CHICAGO,IL60064 		2022-08-03 37,000 TEACHER RESIDENCY PROGRAM 37,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
LAKE COUNTY HEALTH DEPARTMENT AND COMMUNITY HEALTH CENTER
  		3010 GRAND AVE
WAUKEGAN,IL60085 		2022-08-03 50,000 COORDINATED INTAKE FOR HOME VISITING IN LAKE COUNTY FYS 2023-2025 50,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
NORTH CHICAGO COMMUNITY UNIFIED SCHOOL DISTRICT 187
  		DISTRICT 187 2000 LEWIS AVE
NORTH CHICAGO,IL60064 		2022-08-03 30,000 PEER MENTORING SY2023 30,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
SCHOOL OF SOCIAL SERVICE ADMINISTRATION AT THE UNIVERSITY OF CHICAGO
  		969 E 60TH ST
CHICAGO,IL60637 		2022-07-18 69,000 ON-TRACK INITIATIVE AT NCCHS SY23-SY24 69,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
NORTH CHICAGO COMMUNITY UNIFIED SCHOOL DISTRICT 187
  		DISTRICT 187 2000 LEWIS AVE
NORTH CHICAGO,IL60064 		2022-10-31 91,000 ON-TRACK INITIATIVE AT NCCHS SY23-SY24 91,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
NORTH CHICAGO COMMUNITY UNIFIED SCHOOL DISTRICT 187
  		DISTRICT 187 2000 LEWIS AVE
NORTH CHICAGO,IL60064 		2022-11-30 15,000 ALUMNI FELLOW PROGRAM (SIMILAR TO P55); SCHOOL MONITOR POSITION 15,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
NORTH CHICAGO COMMUNITY UNIFIED SCHOOL DISTRICT 187
  		DISTRICT 187 2000 LEWIS AVE
NORTH CHICAGO,IL60064 		2022-12-31 65,000 SUMMER SCHOOL FOR ALL RISING KINDERGARTEN STUDENTS 65,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      

TY 2022 InvestmentsCorpStockSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Name of Stock End of Year Book Value End of Year Fair Market Value
GOOGLE 2,878,355 3,726,660
AMC NETWORKS INC 870,100 219,380
APPLE 1,451,604 2,598,600
PAR PACIFIC HOLDINGS INC. 768,825 1,046,250
BANK OF AMERICA 3,546,487 4,596,592
BANK OF MONTREAL 3,807,250 4,530,000
ABBVIE 291,738 559,817
SOUTHSTATE CORP 454,226 398,676
AMAZON 1,010,003 554,400
PFIZER 714,609 973,560
VERIZON COMMUNICATIONS, INC. 1,135,500 788,000
VALLEY NATIONAL BANCORP 19,388,740 29,592,864
UNITED PARCEL SERVICE 1,168,493 1,825,320
SYSCO 1,045,192 1,299,650
SUPERIOR UNIFORM GROUP, INC. 355,700 201,200
MCDONALDS 1,355,178 1,844,710
BERKSHIRE HATHAWAY INC 2,065,785 3,280,977
DARDEN RESTAURANTS 1,023,184 1,659,960
ABBOTT LABS 997,750 1,427,270
EXCHANGE BANK 2,437,724 1,653,629
GILEAD SCIENCES INC. 1,754,194 2,291,780
MICROSOFT CORPORATION 2,300,203 4,916,310
HANESBRAND, INC 946,000 318,000
HAWAIIAN ELECTRIC 304,880 334,800
LIBERTY OILFIELD SERVICES 5,988,827 8,325,200
SOUTHERN CO 1,338,221 1,642,430
ILLINOIS TOOL WORKS 434,670 660,900
JOHNSON & JOHNSON 737,150 883,250
ISHARES NASDAQ BIOTECHNOLOGY ETF 1,386,087 1,614,867
KELLOGG 1,015,455 1,139,840
KYNDRYL HOLDINGS INC 95,914 36,430
ROYAL DUTCH SHELL PLC - CLASS A 502,280 455,600
FIFTH THIRD BANCORP 5,745,082 7,785,092
INTERNATIONAL BUSINESS MACHINES 2,197,495 2,308,342
FIRST HORIZON 199,992 4,486,391
FORD MOTOR CO. 883,000 1,163,000
JP MORGAN 104,615,969 134,100,000
GENERAL ELECTRIC CO. 857,200 837,900
SCHWAB - CASH 743,461 743,461
SCHWAB - COST 32,836,499 32,048,474
SMRT 49,257 72,883

TY 2022 InvestmentsOtherSchedule2
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SAAS CAPITAL QP AT COST 1,846,988 1,843,753
RECLAIMING CHICAGO, NFP AT COST 2,500,000 2,500,000
94V CO-INVEST AT COST 177,098 242,128
CONCENTRIC EQUITY PARTNERS AT COST 2,830,733 0
DOUBLE G PROPERTIES AT COST 106,598 106,516
FIC INCOME PARTNERSHIP AT COST 124,164 8,010
NB CO-INVEST AT COST 82,113 780,511
GRAND CROSSING AT COST 217,463 502,270
HUNTING POINT AT COST 159,537 173,142
LAKESIDE I AT COST 2,350,778 0
PURPOSE WORKFORCE SOLUTIONS AT COST 1,100,000 1,100,000
WITZ X AT COST 289,103 18,124
LARAMAR MAUI AT COST 3,054,057 3,313,626
LARAMAR JV AT COST 500,146 177,832
LARIO AT COST 6,145,702 5,073,780
LIBERTY AT COST 494,135 274,506
MANGROVE II AT COST 649,076 507,889
MANGROVE III AT COST 658,055 831,846
HEARD AT COST 4,599,027 3,749,170
COASTAL RE AT COST 362,898 374,487
CAGP V AT COST 42,163 1,568,899
PRAIRIE CAPITAL IV AT COST 64,705 0
CIRCLE TOWER AT COST 1,993,459 1,836,763
ROSE AFFORDABLE HOUSING PRES IV AT COST 408,298 499,760
WAUD CAPITAL AT COST 18,121 0
NINE FOUR VENTURES AT COST 649,474 749,260
LAKESIDE WORKFORCE HOUSING II AT COST 3,984,769 5,266,396
PRAIRIE CAPITAL V AT COST 1,371,355 0
NATIONAL POST SECONDARY STRATEGY AT COST 125,000 125,000
ATLANTIC CREEK RE FUND III AT COST 125,752 159,288
BRAUVIN 18 FUND III AT COST 4,712,500 4,712,500
CARLYLE REALTY IV AT COST 865,742 377,628
PROMUS AT COST 473,998 568,903
CEP II - CAGP V AT COST 994,880 1,996,528
LARAMAR CIRCLE TOWERS AT COST 0 128,929
PRAIRIE CAPITAL VI AT COST 2,162,541 2,478,672
METROPOLITAN FAMILY SERVICES AT COST 300,000 300,000
ATLANTIC CREEK RE FUND II AT COST 40,944 144,434
WOLD AT COST 1,908,544 1,384,625
LAWNDALE CHRISTIAN DEVELOPMENT AT COST 96,500 96,500
LARAMAR MOB AT COST 5,715,796 5,863,483
LARAMAR/HARTFORD AT COST 2,794,875 2,841,158
CAST AT COST 807,544 856,256
PRAIRIE CAPITAL VII AT COST 1,322,798 1,458,172
RECAST AT COST 1,428,944 1,511,397
RED ARTS AT COST 1,420,995 1,438,611
IMPACT II AT COST 926,884 926,884
CMT DIGITAL AT COST 279,219 279,219
GRAY MATTER AT COST 1,000,000 1,000,000
CRESCENT POINT AT COST 102,821 102,821
FRONTIER AT COST 1,613,030 1,613,030
SAAS IV AT COST 721,744 721,744
LARAMAR MFVF III AT COST 2,809,073 2,809,073
CURLMIX INC AT COST 3,000,000 3,000,000
SOULE AT COST 96,369 96,369

TY 2022 LandEtcSchedule2
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
GARLAND OFFICE 2,672,455 1,025,005 1,647,450  
GARLAND OFFICE - FURNITURE AND FIXTURES 186,391 186,391 0  
GARLAND OFFICE - IT EQUIPMENT 49,853 49,853 0  
COMMUNITY FAC - 1606 CHRISTIANA 30,000 0 30,000  
RL ACQUISITIONS - 4338-46 W. 18TH ST 130,000 0 130,000  
RL ACQUISITIONS - 1626 S. CHRISTIANA 35,000 0 35,000  
RL ACQUISITIONS - 4343 W. 18TH ST 85,000 0 85,000  
COMMUNITY FAC - 1600-02 CHRISTIANA 90,000 0 90,000  
PARKING SPACES - HERITAGE 300,000 115,060 184,940  
FURNITURE AND FIXTURES 6,458 6,458 0  
SOFTWARE 2,140 2,140 0  
COMPUTER EQUIPMENT - SERVER 3,203 3,203 0  
CARD KEY SYSTEM 5,432 5,432 0  
PHONE SYSTEM 7,286 7,286 0  
GARLAND OFFICE - IT EQUIPMENT 10,018 10,018 0  
NORTH CHICAGO BUILD OUT 21,542 2,461 19,081  
NORTH CHICAGO BUILD OUT 297,152 26,349 270,803  
NORTH CHICAGO BUILD OUT 23,985 1,409 22,576  
RL ACQUISITIONS - 3917 W ROOSEVELT 240,000 0 240,000  
RL ACQUISITIONS - 3932 W ROOSEVELT 312,800 0 312,800  
RL ACQUISITIONS - 3935 W ROOSEVELT 240,000 0 240,000  
RL ACQUISITIONS - 1600 S. KEDZIE 348,000 0 348,000  
NORTH CHICAGO EQUIPMENT 4,230 4,230 0  
4100 W FILLMORE ST 3,350,000 15,227 3,334,773  


TY 2022 LegalFeesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 69,560 0   69,560


TY 2022 OtherAssetsSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
TRANSIT CLEARING -640 -80 -80
DUE FROM PHOENIX PACT 43,893 0 0
DUE FROM FIC 0 1,210 1,210
NOTE RECEIVABLES - CURL MIX 0 87,945 87,945


TY 2022 OtherExpensesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MEMBERSHIP DUES 21,929 0   21,929
BUSINESS INSURANCE 24,247 0   24,247
OFFICE SUPPLIES 93,351 0   93,351
ASSESSMENTS 128,790 0   128,790
PROGRAM RELATED EXPENSES 2,387,306 0   2,387,036


TY 2022 OtherIncomeSchedule2
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
VIA K-1: ORDINARY INCOME 270,613 138,821 270,613
VIA K-1: INTEREST INCOME 550,155 538,016 550,155
VIA K-1: DIVIDEND INCOME 284,195 283,715 284,195
VIA K-1: RENT INCOME -683,571 -63,682 -683,571
VIA K-1: PORTFOLIO DEDUCTIONS -43,842 -43,842 -43,842
VIA K-1: OTHER DEDUCTIONS -2,672,346 -2,672,346 -2,672,346
VIA K-1: OTHER INCOME 127,247 127,247 127,247
VIA K-1: FOREIGN TAX -2,879 -2,879 -2,879
VIA K-1: ROYALTY INCOME 9,575 9,575 9,575
MISCELLANEOUS INCOME 28,515 28,515 28,515


TY 2022 OtherIncreasesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description Amount
PRIOR PERIOD ADJUSTMENT 135,314


TY 2022 OtherLiabilitiesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT IN ASCENDANCE CAP PARTNERS II 554,284 554,284
INVESTMENT IN CAGP III 200,546 200,546
EXCISE TAXES PAYABLE 135,314 0
INVESTMENT IN EDPO 144,783 0
INVESTMENT IN CAGP IV 1,214,289 1,237,351
INVESTMENT IN BLACKFORD 348,648 0
INVESTMENT IN MOUNTAIN WASTE I 1,548 0
INVESTMENT IN MOUNTAIN WASTE II 79,148 0
INVESTMENT IN PROVEST 4,971 0
INVESTMENT IN STAY ALFRED 738,916 0
INVESTMENT IN PRAIRIE CAPITAL III SPV 36,137 0
INVESTMENT IN KINZIE FUND II-A 0 56,150


TY 2022 OtherProfessionalFeesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 472,429 298,186   174,243


TY 2022 TaxesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 172,598 0   172,598
EXCISE TAXES 394,560 0   394,560
FOREIGN TAX WITHHELD 37,567 37,567   0