TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	840,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........			0
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).......
12	Total. Add lines 1 through 11........	840,000	0	0
	13	Compensation of officers, directors, trustees, etc.	450,697	0	0	450,697
14	Other employee salaries and wages......	131,407	0	0	131,407
15	Pension plans, employee benefits.......	3,107	0	0	3,107
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	27,400	0	0	43,486
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	11,939	0	0	11,939
19	Depreciation (attach schedule) and depletion...		3,638	0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......	45,158	0	0	19,181
22	Printing and publications..........	12,816	0	0	12,816
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	78,862	0	0	88,387
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	765,024	0	0	761,020
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	765,024	0	0	761,020
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	74,976
b	Net investment income (if negative, enter -0-)		0
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	21,581	100,561	100,561
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................	83,300	83,300	83,300
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	28,382	1,768	1,768
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 37,274
		Less: accumulated depreciation (attach schedule) 35,741	5,171	1,533	1,533
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	138,434	187,162	187,162
	17	Accounts payable and accrued expenses..........	79,084	52,836
	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 )
	23	Total liabilities (add lines 17 through 22).........	79,084	52,836
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	-144,948	-8,592
	25	Net assets with donor restrictions............	204,298	142,918
		Foundations that do not follow FASB ASC 958, check here
		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).....	59,350	134,326
	30	Total liabilities and net assets/fund balances (see instructions).	138,434	187,162

(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.)
1a
b
c
d
e

(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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
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 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	0
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	0
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	0
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	0
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

(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
JOEL BELL	CHAIRMAN/CEO 35.00	325,000	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065
RAUL SUAREZ	DIRECTOR 5.00	0	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065
DAVID GORDON	DIRECTOR 2.00	0	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065
MARIFE HERNANDEZ	VICE-CHAIRMAN/ASS'T CEO 20.00	125,697	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065


JULIE E EHLERS	PROGRAM MANAGER 20.00	61,441	3,107	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065
GABRIELA MEDINA SUAREZ	ADMINISTRATIVE ASSIS 20.00	46,074	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065
APRIL GOW	PROGRAM RESEARCHER 20.00	27,000	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065




Total number of other employees paid over $50,000...................	0

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	ARTS IN SOCIETY - ARTS DO NOT SHAPE GEOPOLITICAL EVENTS - BUT THEY HELP SHAPE MAN, WHO DOES SHAPE SUCH EVENTS. THE FOUNDATION REVERSES THE TRADITIONAL QUESTION OF HOW THE ARTIST AND HIS/HER ART REFLECT THE COMMUNITY AND EXPLORES HOW ART AND ARTIST, BY DESIGN OR ORGANIC PROCESS, AFFECT THE INDIVIDUALS, GROUPS, AND COMMUNITIES OF WHICH THEY ARE A PART. THE UNIVERSALITY OF ARTISTIC EXPRESSION CONFIRMS ITS SIGNIFICANT ROLE. THROUGH INSTRUCTION, PERFORMANCE AND DISCUSSION, TALENTED YOUNG ARTISTS AND INTERESTED INDIVIDUALS ARE EXPOSED TO ASPECTS OF THE ARTS BEYOND PERFORMANCE PROFICIENCY. AN ARTS COMPONENT ALONGSIDE OTHER PROGRAMMING SENSITIZES PARTICIPANTS TO SHARED HUMAN INTERESTS AND FACILITATES COMMUNICATION ACROSS OTHER DIVIDES. THE FOUNDATION ORGANIZES RESEARCH AND DIALOGUE TO CONSIDER THE ARTS IN CONTEXT AND IN COMMUNITY AND IS PLANNING A GLOBAL CONFERENCE OF LEADING THINKERS IN THE FIELD FOR LATE 2024.	383,326
2	RELATIONS AMONG MAJOR POWERS & CSIS-CHUMIR FOUNDATION GLOBAL DIALOGUE - THIS PROJECT WAS DESIGNED TO ENGAGE PROFESSIONALLY WELL-INFORMED, EXPERIENCED AND DISPASSIONATE DIALOGUE AMONG NON-POLITICIZED `PARTICIPANTS' REPRESENTATIVE OF THE RANGE OF INTERESTS, COUNTRIES AND EXPERTISE ON TOPICS GENERATING TENSIONS AND RISKS THAT NEED TO BE RECONCILED. NATIONALISM, POLITICAL DISSATISFACTION AND DISTRUST PUSH INTER-GOVERNMENTAL DIALOGUE TO CONFRONTATIONAL POLITICIZATION AND POLARIZATION, THREATENING GEOPOLITICAL INSTABILITY, AS WELL AS IMPOSING MATERIAL, AND SOMETIMES HIDDEN, COSTS. ISSUES SELECTED BY THE ORGANIZERS, AND PROCEDURES CONTROLLED BY THE PARTICIPANTS, FOR THEIR IMPORTANCE, PROSPECTS AND NEED FOR GREATER ATTENTION AND DIALOGUE - INCLUDING EXPERT RESEARCH AND ANALYSIS FOR BALANCED AND TRUSTED BACKGROUND FOR THE PURPOSE. IF SUCCESSFUL, A CREDIBLE, COLLEGIAL AND SOLUTION-ORIENTED PLATFORM AND TENSION-REDUCING PRINCIPLES AND PRACTICES WOULD EVOLVE.	167,753
3	TECHNOLOGY, PRODUCTIVITY, GROWTH & INCOME DISTRIBUTION - TECHNOLOGIES, INNOVATION AND TRADE ARE PRINCIPAL CONTRIBUTORS TO PROSPERITY AND STABILITY. IN MOST MAJOR ECONOMIES, DESPITE IMPORTANT PRODUCTIVITY GAINS IN INDIVIDUAL TECHNOLOGY DEPLOYMENTS, IN MORE RECENT DECADES, AGGREGATE NATIONAL PRODUCTIVITY IMPROVEMENT HAS BEEN SMALL AND DECLINING. AT THE SAME TIME, THE WORKER-SHARE OF NATIONAL INCOME, COMPARED TO THAT CAPTURED BY CAPITAL, HAS BEEN DECLINING FOR DECADES. `PRODUCTIVE EQUITY I', A STUDY CARRIED OUT BY THE BROOKINGS INSTITUTION AND THE CHUMIR FOUNDATION, ATTRIBUTED THIS TO MARKET CONDITIONS AND POLICIES. `PRODUCTIVE EQUITY II', A NEW STUDY LED BY THE FOUNDATION, IS INVESTIGATING THE CHARACTERISTICS AND ROLES OF NEW TECHNOLOGIES, MARKET CONDITIONS SUCH AS COMPETITION AND POLITICAL RISKS, BUSINESS PRACTICES, AND OTHER FACTORS SUCH AS ADAPTATION OF LEGACY SYSTEMS, UNALLOCATED COSTS AND UNMEASURABLE COMPONENTS - FACTORS POTENTIALLY CONTRIBUTING TO POOR OVERALL PRODUCTIVITY.	89,837
4

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

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........
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) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

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) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total
	0	0	0	0	0
b 85% (0.85) of line 2a .........	0	0	0	0	0
c Qualifying distributions from Part XI, line 4 for each year listed .....	761,020	1,051,534	957,407	812,624	3,582,585
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	761,020	1,051,534	957,407	812,624	3,582,585
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	2,396	4,915	8,441	11,129	26,881
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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:

Line No.	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.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

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	(e) Related or exempt function income (See instructions.)
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 ...........
4 Dividends and interest from securities ....
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 ............
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		0	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization CHUMIR FOUNDATION FOR ETHICS IN LEADERSHIP

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	SHELDON M CHUMIR FOUNDATION FOR ETHICS IN LEADERSHIP SUITE 970 1202 CENTRE STREET S CALGARY, ALBERTA CA	$ 840,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)


(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
JULIE E EHLERS	PROGRAM MANAGER 20.00	61,441	3,107	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065	PROGRAM MANAGER 20.00	61,441	3,107	0
GABRIELA MEDINA SUAREZ	ADMINISTRATIVE ASSIS 20.00	46,074	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065	ADMINISTRATIVE ASSIS 20.00	46,074	0	0
APRIL GOW	PROGRAM RESEARCHER 20.00	27,000	0	0
10 E 62ND ST 6TH FLOOR NEW YORK,NY10065	PROGRAM RESEARCHER 20.00	27,000	0	0




Total number of other employees paid over $50,000...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization CHUMIR FOUNDATION FOR ETHICS IN LEADERSHIP		Employer identification number 47-4404976

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
		$
(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
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)


Name of organization CHUMIR FOUNDATION FOR ETHICS IN LEADERSHIP			Employer identification number 47-4404976
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.) $ Use duplicate copies of Part III if additional space is needed.

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
INSURANCE	3,914	3,277
OFFICE EXPENSE	19,755	19,754
OUTREACH	55,193	65,356

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