Steele Reese Foundation 561

Chicago, IL
Tax-exempt since Feb. 1959
EIN: 13-6034763

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$7.17M (2024)

Expenses

$2.56M (2024)

Total Assets

$36.5M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2024

Revenue

$7,166,201

Expenses

$2,556,436

Net Income

$4,609,765

Net Assets

$36,510,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,047,160	14.6%
Sales of Assets	$6,090,597	85.0%
Other Income	$28,444	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,078,571	81.3%
Compensation of Officers*	$440,872	17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$36,510,346
Total Liabilities	$0
Net Assets	$36,510,346

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$226,547	$0
William T Buice (Co Trustee)	$56,663	$0
Charles U Buice (Co Trustee)	$56,662	$0
Linda Tracy (Director)	$51,750	$0
Judy K Owens (Director)	$49,250	$0

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990-PF

Filed on June 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2023

Revenue

$4,631,727

Expenses

$2,606,442

Net Income

$2,025,285

Net Assets

$31,896,464

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$724,434	15.6%
Sales of Assets	$3,815,179	82.4%
Other Income	$92,114	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,219,813	85.2%
Compensation of Officers*	$395,527	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,896,464
Total Liabilities	$0
Net Assets	$31,896,464

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$225,000	$0
Linda Tracy (Director)	$46,000	$0
Judy K Owens (Director)	$43,500	$0
William T Buice (Co Trustee)	$40,514	$0
Charles U Buice (Co Trustee)	$40,513	$0

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990-PF

Filed on July 8, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2022

Revenue

$2,863,832

Expenses

$2,496,146

Net Income

$367,686

Net Assets

$29,971,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$744,281	26.0%
Sales of Assets	$2,119,551	74.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,047,509	82.0%
Compensation of Officers*	$398,005	15.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,971,012
Total Liabilities	$0
Net Assets	$29,971,012

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$225,000	$0
Linda Tracy (Director)	$46,000	$0
Judy K Owens (Director)	$43,500	$0
Charles U Buice (Co Trustee)	$41,753	$0
William T Buice (Co Trustee)	$41,752	$0

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990-PF

Filed on July 6, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2021

Revenue

$3,425,257

Expenses

$2,815,667

Net Income

$609,590

Net Assets

$29,592,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$540,505	15.8%
Sales of Assets	$2,884,752	84.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,352,115	83.5%
Compensation of Officers*	$376,492	13.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,592,983
Total Liabilities	$0
Net Assets	$29,592,983

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$225,000	$0
Linda Tracy (Director)	$46,125	$0
Judy K Owens (Director)	$43,625	$0
William T Buice (Co Trustee)	$30,871	$0
Charles U Buice (Co Trustee)	$30,871	$0

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990-PF

Filed on July 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2020

Revenue

$1,803,628

Expenses

$1,974,251

Net Income

-$170,623

Net Assets

$28,987,735

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$693,630	38.5%
Sales of Assets	$1,089,471	60.4%
Other Income	$20,527	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,594,976	80.8%
Compensation of Officers*	$398,027	20.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,987,736
Total Liabilities	$1
Net Assets	$28,987,735

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$225,000	$0
William T Buice (Co Trustee)	$44,264	$0
Charles U Buice (Co Trustee)	$44,263	$0
Linda Tracy (Director)	$43,500	$0
Judy K Owens (Director)	$41,000	$0

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990-PF

Filed on March 2, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2019

Revenue

$2,165,012

Expenses

$2,346,214

Net Income

-$181,202

Net Assets

$29,159,359

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$861,669	39.8%
Sales of Assets	$1,303,068	60.2%
Other Income	$275	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,940,823	82.7%
Compensation of Officers*	$401,773	17.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,159,360
Total Liabilities	$1
Net Assets	$29,159,359

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$224,903	$0
William T Buice (Co Trustee)	$48,935	$0
Charles U Buice (Co Trustee)	$48,935	$0
Linda Tracy (Director)	$41,000	$0
Judy K Owens (Director)	$38,000	$0

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990-PF

Filed on June 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2015

Revenue

$2,355,660

Expenses

$1,607,714

Net Income

$747,946

Net Assets

$28,979,074

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$697,639	29.6%
Sales of Assets	$1,023,278	43.4%
Other Income	$634,743	26.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,255,780	78.1%
Compensation of Officers*	$285,820	17.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,979,074
Total Liabilities	$0
Net Assets	$28,979,074

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2014

Revenue

$3,216,177

Expenses

$2,276,536

Net Income

$939,641

Net Assets

$29,364,398

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$865,596	26.9%
Sales of Assets	$2,179,069	67.8%
Other Income	$171,512	5.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,976,109	86.8%
Compensation of Officers*	$314,987	13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,364,398
Total Liabilities	$0
Net Assets	$29,364,398

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2013

Revenue

$1,877,330

Expenses

$2,421,879

Net Income

-$544,549

Net Assets

$28,506,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$950,260	50.6%
Sales of Assets	$927,070	49.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,191,996	90.5%
Compensation of Officers*	$218,581	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,506,648
Total Liabilities	$0
Net Assets	$28,506,648

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2012

Revenue

$3,697,605

Expenses

$2,688,514

Net Income

$1,009,091

Net Assets

$28,879,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,123,497	30.4%
Sales of Assets	$2,574,108	69.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,383,919	88.7%
Compensation of Officers*	$325,151	12.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,879,526
Total Liabilities	$0
Net Assets	$28,879,526

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$1,829,566

Expenses

$2,519,010

Net Income

-$689,444

Net Assets

$28,331,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$306	0.0%
Dividends	$704,783	38.5%
Sales of Assets	$1,121,066	61.3%
Other Income	$3,411	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,313,230	91.8%
Compensation of Officers*	$274,708	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,331,790
Total Liabilities	$0
Net Assets	$28,331,790

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated September 25, 2025

Steele Reese Foundation 561

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.17M (2024)

Expenses $2.56M (2024)

Total Assets $36.5M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Aug. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Aug. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Aug. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$7.17M (2024)

Expenses

$2.56M (2024)

Total Assets

$36.5M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Aug.
2024

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001