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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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$507,875,208J 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) 1,155,355
2 Check right arrow.............
3 Interest on savings and temporary cash investments 663,345 663,345  
4 Dividends and interest from securities... 7,883,590 7,883,590  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,807,850
b Gross sales price for all assets on line 6a 20,637,533
7 Capital gain net income (from Part IV, line 2)... 9,807,850
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
-280,699 -312,871  
12 Total. Add lines 1 through 11........ 19,229,441 18,041,914  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 3,031,771 0   3,031,771
15 Pension plans, employee benefits....... 285,812 0   285,812
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,085 0   6,085
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,000 0   43,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
642,399 368,926   273,473
17 Interest............... 55,662 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
387,504 36,744   350,760
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
206,820 0  
20 Occupancy.............. 218,165 0   218,165
21 Travel, conferences, and meetings....... 75,368 0   74,368
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,394,834 0   1,394,834
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,347,420 405,670   5,678,268
25 Contributions, gifts, grants paid....... 25,563,771 25,563,771
26 Total expenses and disbursements. Add lines 24 and 25 31,911,191 405,670   31,242,039
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,681,750
b Net investment income (if negative, enter -0-) 17,636,244
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 1,464,715 1,627,418 1,627,418
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow55,491
Less: allowance for doubtful accounts right arrow   4,647 55,491 55,491
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.......... 39,162 203,841 203,841
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 211,698,279 Click to see attachment
List of Attached Documents:
// Content
203,724,269 		261,266,041
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).......... 72,626,508 Click to see attachment
List of Attached Documents:
// Content
73,111,339 		74,373,164
14 Land, buildings, and equipment: basis right arrow17,982,568
Less: accumulated depreciation (attach schedule) right arrow1,667,061 6,990,704 Click to see attachment
List of Attached Documents:
// Content
16,315,507 		170,110,136
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
89,075 		Click to see attachment
List of Attached Documents:
// Content
239,117 		Click to see attachment
List of Attached Documents:
// Content
239,117
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 292,913,090 295,276,982 507,875,208
Liabilities 17 Accounts payable and accrued expenses.......... 1,019,067 6,333,567
18 Grants payable................. 11,779,482 15,898,000
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
2,048,331 		Click to see attachment
List of Attached Documents:
// Content
2,225,143
23 Total liabilities (add lines 17 through 22)......... 14,846,880 24,456,710
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........... 278,066,210 270,820,272
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)..... 278,066,210 270,820,272
30 Total liabilities and net assets/fund balances (see instructions). 292,913,090 295,276,982
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
278,066,210
2
Enter amount from Part I, line 27a .....................
2
-12,681,750
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,435,812
4
Add lines 1, 2, and 3 ..........................
4
270,820,272
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
270,820,272
Form 990-PF (2023)
Form 990-PF (2023)
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 - LONG TERM P    
c PUBLICLY TRADED STOCKS - LONG TERM P    
d FROM PASSTHROUGH K-1S P    
e 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 1,076,656     1,076,656
b 10,226,295   7,421,526 2,804,769
c 4,593,417   2,404,529 2,188,888
d 4,741,165     4,741,165
e     1,003,628 -1,003,628
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       1,076,656
b       2,804,769
c       2,188,888
d       4,741,165
e       -1,003,628
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 9,807,850
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  
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) 1 245,144
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........................... 3 245,144
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- ..... 5 245,144
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 264,073
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 210,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 474,073
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 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 10 228,929
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow228,929 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 2023 or the taxable year beginning in 2023? 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
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
20.00 		0 0 0
50 E WASHINGTON STREET 410
CHICAGO,IL60602
ROBIN STEANS VICE PRESIDENT/SECRETARY
5.00 		0 0 0
50 E WASHINGTON STREET 410
CHICAGO,IL60602
JENNIFER STEANS TREASURER
5.00 		0 0 0
50 E WASHINGTON STREET 410
CHICAGO,IL60602
JIM KASTENHOLZ TRUSTEE
5.00 		0 0 0
50 E WASHINGTON STREET 410
CHICAGO,IL60602
LEO SMITH TRUSTEE
5.00 		0 0 0
50 E WASHINGTON STREET 410
CHICAGO,IL60602
LENNY GAIL TRUSTEE
5.00 		0 0 0
50 E WASHINGTON STREET 410
CHICAGO,IL60602
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 		257,250 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
JONES REGINALD RESEARCH DIRECTOR
40.00 		245,000 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
EVAN WESTERFIELD MANAGING DIRECTOR
40.00 		215,250 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
YOLANDA KNIGHT MANAGING DIRECTOR
40.00 		187,250 0 0
50 E WASHINGTON ST STE 400
CHICAGO,IL60602
ALLISON ANGELONI DIRECTOR OF POLICY
40.00 		168,000 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 (2023)
Form 990-PF (2023)
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 210,000
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 13,795,064
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 Click to see attachment
List of Attached Documents:
// Content
5,435,812
Total. Add lines 1 through 3.........................right arrow5,435,812
Form 990-PF (2023)
Form 990-PF (2023)
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
342,425,376
b
Average of monthly cash balances.......................
1b
2,797,391
c
Fair market value of all other assets (see instructions)................
1c
120,013
d
Total (add lines 1a, b, and c).........................
1d
345,342,780
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
345,342,780
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,180,142
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
340,162,638
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
17,008,132
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
17,008,132
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
245,144
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
245,144
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
16,762,988
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
16,762,988
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
16,762,988
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
31,242,039
b
Program-related investments—total from Part VIII-B..................
1b
5,435,812
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
36,677,851
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 16,762,988
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 9,732,209
b From 2019...... 8,978,780
c From 2020...... 2,587,297
d From 2021...... 849,230
e From 2022...... 5,876,576
f Total of lines 3a through e ........ 28,024,092
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 36,677,851
a Applied to 2022, 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 2023 distributable amount..... 16,762,988
e Remaining amount distributed out of corpus 19,914,863
5 Excess distributions carryover applied to 2023. 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 47,938,955
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		9,732,209
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		38,206,746
10 Analysis of line 9:
a Excess from 2019.... 8,978,780
b Excess from 2020.... 2,587,297
c Excess from 2021.... 849,230
d Excess from 2022.... 5,876,576
e Excess from 2023.... 19,914,863
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 (2023)
Form 990-PF (2023)
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 19,230,876

OTHER GRANTS

VARIOUS
VARIOUS,IL99999 		NONE PUBLIC GENERAL SUPPORT 6,332,895
Total .................................right arrow 3a 25,563,771
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 663,345  
4 Dividends and interest from securities ....     14 7,883,590  
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 9,807,850  
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 		  860,678 16 109,165  
bVIA K-1: INTEREST INCOME   338 14 522,107  
cVIA K-1: DIVIDEND INCOME   0 14 137,031  
dVIA K-1: RENT INCOME   -828,844 14 -16,035  
eVIA K-1: PORTFOLIO DEDUCTIONS     16 -977,034  
fVIA K-1: OTHER DEDUCTIONS     16 -339,677  
gVIA K-1: OTHER INCOME     16 130,332  
hVIA K-1: FOREIGN TAX     16 -3,847  
iVIA K-1: ROYALTY INCOME     15 200  
jMISCELLANEOUS INCOME     14 124,887  
12 Subtotal. Add columns (b), (d), and (e) .. 32,172 18,041,914 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
18,074,086
(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 (2023)
Form 990-PF (2023)
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 (2023)
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
2023
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) (2023)
Schedule B (Form 990) (2023) 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

$ 659,098


(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

$ 419,663


(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

$ 75,294


(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) (2023)
Schedule B (Form 990) (2023)
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
 70,000 SHARES FITB $ 1,875,300 2023-08-14
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 49,025 SHARES VLY & 37,010 SHARES FITB $ 1,006,302 2023-11-27
(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)
Schedule B (Form 990) (2023)
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING SERVICES 43,000 0   43,000

TY 2023 AllOthProgRltdInvestmentsSch
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount
NATIONAL POST SECONDARY STRATEGY 125,000
PURPOSE WORKFORCE SOLUTIONS 1,100,000
LAWNDALE CHRISTIAN DEVELOPMENT 64,443
RECLAIMING CHICAGO NFP 2,500,000
METROPOLITAIN FAMILY SERVICES 300,000
SOULE 96,369
KIRBI COFFEE LOAN 1,250,000

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TY 2023 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 1,025,005 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 2008-01-01 300,000 115,060 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 2,461 SL 39.000000000000 552 0    
NORTH CHICAGO BUILD OUT 2019-07-30 297,152 26,349 SL 39.000000000000 7,619 0    
NORTH CHICAGO BUILD OUT 2020-09-30 23,985 1,409 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 0 0    
4100 W FILLMORE ST 2022-11-03 3,350,000 15,227 SL 27.500000000000 121,818 0    

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TY 2023 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 		2023-12-20 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 		2023-05-31 15,000 TO IMPLEMENT ADDITIONAL ACEDEMIC SUPPORTS NEEDED TO ADDRESS THE IMPACTS ASSOCIATED WITH THE PANDEMIC 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 		2023-08-07 30,000 TEACHER RESIDENCY PROGRAM 30,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      
LAKE COUNTY HEALTH DEPARTMENT AND COMMUNITY HEALTH CENTER
  		3010 GRAND AVE
WAUKEGAN,IL60085 		2023-10-18 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 		2023-12-20 46,500 PEER MENTORING SY2023 46,500 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 		2023-12-20 91,000 ON-TRACK INITIATIVE AT NCCHS SY23-SY24 91,000 NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.      

TY 2023 InvestmentsCorpStockSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 997,750 1,427,270
ABBVIE 291,738 559,817
AMAZON 1,010,003 554,400
AMC NETWORKS INC 870,100 219,380
APPLE 1,451,604 2,598,600
BANK OF AMERICA 3,546,487 4,596,592
BANK OF MONTREAL 3,807,250 4,530,000
BERKSHIRE HATHAWAY INC 2,065,785 3,280,977
DARDEN RESTAURANTS 1,023,184 1,659,960
EXCHANGE BANK 2,437,724 1,653,629
FIFTH THIRD BANCORP 3,391,843 5,431,853
FIRST HORIZON 199,992 4,486,391
FORD MOTOR CO. 883,000 1,163,000
GEHC 178,838 178,838
GENERAL ELECTRIC CO. 678,344 659,044
GILEAD SCIENCES INC. 1,718,854 2,265,440
GOOGLE 2,878,355 3,726,660
HANESBRAND, INC 946,000 318,000
HAWAIIAN ELECTRIC 0 29,920
ILLINOIS TOOL WORKS 434,670 660,900
INTERNATIONAL BUSINESS MACHINES 2,197,495 2,308,342
ISHARES NASDAQ BIOTECHNOLOGY ETF 1,386,087 1,614,867
JOHNSON & JOHNSON 737,150 883,250
JP MORGAN 103,868,030 133,352,061
KELLOGG 953,835 1,078,220
KLG 61,620 61,620
KYNDRYL HOLDINGS INC 95,914 36,430
LIBERTY OILFIELD SERVICES 20,414 2,336,373
MCDONALDS 1,355,178 1,844,710
MICROSOFT CORPORATION 2,300,203 4,916,310
PAR PACIFIC HOLDINGS INC. 0 277,425
PFIZER 714,609 973,560
ROYAL DUTCH SHELL PLC - CLASS A 502,280 455,600
SCHWAB - CASH 167,374 167,374
SCHWAB - COST 34,743,283 33,955,258
SCHWAB - MMX7681 910,797 910,797
SMRT 49,257 72,883
SOUTHERN CO 1,338,221 1,642,430
SOUTHSTATE CORP 454,226 398,676
SUPERIOR UNIFORM GROUP, INC. 355,700 510,200
SYSCO 1,045,192 1,299,650
UNITED PARCEL SERVICE 1,168,493 1,825,320
VALLEY NATIONAL BANCORP 19,351,890 29,556,014
VERIZON COMMUNICATIONS, INC. 1,135,500 788,000

TY 2023 InvestmentsOtherSchedule2
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
94V CO-INVEST AT COST 213,117 280,519
ATLANTIC CREEK RE FUND III AT COST 91,670 66,688
BRAUVIN 18 FUND III AT COST 5,800,000 5,800,000
CAGP V AT COST 30,871 1,725,849
CAST AT COST 1,124,972 830,374
CEP II - CAGP V AT COST 972,968 2,185,563
CIRCLE TOWER AT COST 2,056,901 1,817,961
CMT DIGITAL AT COST 450,846 478,558
COASTAL RE AT COST 332,283 394,385
CONCENTRIC EQUITY PARTNERS AT COST 2,830,733 0
CRESCENT POINT AT COST 116,511 174,438
CURLMIX INC AT COST 3,000,000 3,000,000
FIC INCOME PARTNERSHIP AT COST 124,220 164
FRONTIER AT COST 875,872 2,262,842
GRAND CROSSING AT COST 354,271 536,808
GRAY MATTER AT COST 1,000,000 1,000,000
HEARD AT COST 4,747,270 3,856,987
HUNTING POINT AT COST 151,773 174,781
IMPACT II AT COST 1,015,388 1,088,504
KINZIE CAPITAL AT COST 187,437 243,587
KIRBIE CAPITAL AT COST 750,000 750,000
KIRBIE CAPITAL- LOAN AT COST 1,250,000 1,250,000
LAKESIDE I AT COST 2,350,778 0
LAKESIDE WORKFORCE HOUSING II AT COST 3,352,811 5,411,367
LARAMAR JV AT COST 392,329 242,536
LARAMAR MAUI AT COST 2,544,726 2,508,973
LARAMAR MFVF III AT COST 2,958,686 3,167,782
LARAMAR MOB AT COST 8,122,295 7,870,038
LARAMAR/HARTFORD AT COST 2,686,073 2,976,912
LARIO AT COST 3,788,741 3,788,741
LAWNDALE CHRISTIAN DEVELOPMENT AT COST 64,443 64,443
LIBERTY AT COST 441,508 58,873
MANGROVE II AT COST 638,761 469,518
MANGROVE III AT COST 1,041,298 1,268,829
METROPOLITAN FAMILY SERVICES AT COST 300,000 300,000
NATIONAL POST SECONDARY STRATEGY AT COST 125,000 125,000
NB CO-INVEST AT COST 66,241 681,414
NINE FOUR VENTURES AT COST 677,343 807,024
PRAIRIE CAPITAL V AT COST 1,217,422 418,069
PRAIRIE CAPITAL VI AT COST 1,342,740 2,347,815
PRAIRIE CAPITAL VII AT COST 1,590,092 1,967,294
PROMUS AT COST 265,204 203,576
PURPOSE WORKFORCE SOLUTIONS AT COST 1,100,000 1,100,000
RECAST AT COST 1,065,878 1,247,934
RECLAIMING CHICAGO, NFP AT COST 2,500,000 2,500,000
RED ARTS AT COST 253,336 819,312
ROSE AFFORDABLE HOUSING PRES IV AT COST 377,813 483,350
SAAS CAPITAL QP AT COST 2,072,490 1,764,963
SAAS IV AT COST 2,217,096 2,217,096
SOULE AT COST 96,369 96,369
WAUD CAPITAL AT COST 18,121 0
WOLD AT COST 1,966,642 1,547,928

TY 2023 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 1,093,529 1,578,926  
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 300,000 122,752 177,248  
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 3,013 18,529  
NORTH CHICAGO BUILD OUT 297,152 33,968 263,184  
NORTH CHICAGO BUILD OUT 23,985 2,024 21,961  
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 3,350,000 137,045 3,212,955  


TY 2023 LegalFeesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 6,085 0   6,085


TY 2023 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 -80 -38 -38
DUE FROM FIC 1,210 1,010 1,010
NOTE RECEIVABLES - CURL MIX 87,945 237,945 237,945
DUE FROM MASSEY & GAIL   200 200


TY 2023 OtherExpensesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BUSINESS INSURANCE 39,077 0   39,077
OFFICE SUPPLIES 96,868 0   96,868
PROGRAM RELATED EXPENSES 1,258,889 0   1,258,889


TY 2023 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 969,843 109,165 969,843
VIA K-1: INTEREST INCOME 522,445 522,107 522,445
VIA K-1: DIVIDEND INCOME 137,031 137,031 137,031
VIA K-1: RENT INCOME -844,879 -16,035 -844,879
VIA K-1: PORTFOLIO DEDUCTIONS -977,034 -977,034 -977,034
VIA K-1: OTHER DEDUCTIONS -339,677 -339,677 -339,677
VIA K-1: OTHER INCOME 130,332 130,332 130,332
VIA K-1: FOREIGN TAX -3,847 -3,847 -3,847
VIA K-1: ROYALTY INCOME 200 200 200
MISCELLANEOUS INCOME 124,887 124,887 124,887


TY 2023 OtherIncreasesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Description Amount
PROGRAM RELATED INVESTMENTS 5,435,812


TY 2023 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
INVESTMENT IN CAGP IV 1,237,351 1,231,210
INVESTMENT 56,150 83,031
INVESTMENT IN ATLANTIC CREEK 0 10,890
INVESTMENT CARLYLE REALTY IV 0 73,210
INVESTMENT IN DOUBLE G 0 71,972


TY 2023 OtherProfessionalFeesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 373 0   373
PROFESSIONAL SERVICES 642,026 368,926   273,100


TY 2023 TaxesSchedule
Name:
STEANS FAMILY FOUNDATION
EIN:
36-3486843
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 194,981 0   194,981
EXCISE TAXES 146,497 0   146,497
FOREIGN TAX WITHHELD 36,744 36,744   0
REAL ESTATE TAXES 9,282 0   9,282