Best Portion Foundation

Chicago, IL
Tax-exempt since Aug. 2008
EIN: 26-0894840

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.47M (2024)

Expenses

$1.31M (2024)

Total Assets

$15.4M (2024)

Total Liabilities

$0 (2024)

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 Dec.
2024

Revenue

$1,471,835

Expenses

$1,307,659

Net Income

$164,176

Net Assets

$15,434,653

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$634,905	43.1%
Sales of Assets	$836,930	56.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,159,053	88.6%
Compensation of Officers*	$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	$15,434,653
Total Liabilities	$0
Net Assets	$15,434,653

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on Nov. 14, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$1,118,797

Expenses

$1,437,242

Net Income

-$318,445

Net Assets

$14,724,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$608,602	54.4%
Sales of Assets	$510,195	45.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,300,843	90.5%
Compensation of Officers*	$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	$14,724,147
Total Liabilities	$0
Net Assets	$14,724,147

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on Nov. 4, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$1,021,306

Expenses

$1,573,408

Net Income

-$552,102

Net Assets

$14,737,256

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$495,124	48.5%
Sales of Assets	$526,182	51.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,380,699	87.8%
Compensation of Officers*	$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	$14,737,256
Total Liabilities	$0
Net Assets	$14,737,256

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on Nov. 13, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,489,321

Expenses

$1,884,960

Net Income

-$395,639

Net Assets

$15,348,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$516,254	34.7%
Sales of Assets	$973,125	65.3%
Other Income	-$58

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,714,900	91.0%
Compensation of Officers*	$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	$15,348,119
Total Liabilities	$0
Net Assets	$15,348,119

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on March 28, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$667,021

Expenses

$1,646,357

Net Income

-$979,336

Net Assets

$15,709,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$537,528	80.6%
Sales of Assets	$129,717	19.4%
Other Income	-$224

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,457,848	88.5%
Compensation of Officers*	$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	$15,709,784
Total Liabilities	$1
Net Assets	$15,709,783

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on April 1, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$2,533,510

Expenses

$1,560,806

Net Income

$972,704

Net Assets

$16,500,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$600,000	23.7%
Interest Revenue	$0
Dividends	$665,148	26.3%
Sales of Assets	$1,268,402	50.1%
Other Income	-$40

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,414,715	90.6%
Compensation of Officers*	$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	$16,500,197
Total Liabilities	$0
Net Assets	$16,500,197

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$699,318

Expenses

$1,750,903

Net Income

-$1,051,585

Net Assets

$14,774,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$702,058	> 100%
Sales of Assets	-$2,740
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,570,784	89.7%
Compensation of Officers*	$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	$14,774,029
Total Liabilities	$0
Net Assets	$14,774,029

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on Aug. 13, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$1,123,022

Expenses

$1,936,295

Net Income

-$813,273

Net Assets

$15,041,218

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$687,152	61.2%
Sales of Assets	$435,870	38.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,770,594	91.4%
Compensation of Officers*	$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	$15,041,218
Total Liabilities	$0
Net Assets	$15,041,218

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on May 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$761,061

Expenses

$3,121,457

Net Income

-$2,360,396

Net Assets

$14,947,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$760,278	99.9%
Sales of Assets	$783	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,951,112	94.5%
Compensation of Officers*	$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	$14,947,631
Total Liabilities	$0
Net Assets	$14,947,631

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwe Rt Feger (Director)	$0	$0

990-PF

Filed on Nov. 14, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$818,857

Expenses

$1,409,707

Net Income

-$590,850

Net Assets

$16,043,680

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$927,180	> 100%
Sales of Assets	-$108,323
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,196,885	84.9%
Compensation of Officers*	$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	$16,043,680
Total Liabilities	$0
Net Assets	$16,043,680

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwe Rt Feger (Director)	$0	$0

990-PF

Filed on Nov. 15, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$3,264,527

Expenses

$1,783,459

Net Income

$1,481,068

Net Assets

$16,677,694

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,164,046	66.3%
Interest Revenue	$0
Dividends	$841,272	25.8%
Sales of Assets	$259,209	7.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,620,818	90.9%
Compensation of Officers*	$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	$16,677,694
Total Liabilities	$0
Net Assets	$16,677,694

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwertfeger (Director)	$0	$0

990-PF

Filed on Nov. 13, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,647,487

Expenses

$2,018,232

Net Income

-$370,745

Net Assets

$15,157,076

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$639,633	38.8%
Sales of Assets	$1,007,854	61.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,877,502	93.0%
Compensation of Officers*	$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	$15,157,076
Total Liabilities	$0
Net Assets	$15,157,076

Compensation

Key Employees and Officers	Compensation	Other
M Gail Waller (President)	$0	$0
Timothy Schwertfeger (Vice President, Secretary,)	$0	$0
Andrew Schwerfeger (Director)	$0	$0

990-PF

Filed on Nov. 18, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$1,055,100

Expenses

$1,939,800

Net Income

-$884,700

Net Assets

$15,538,560

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,500	0.7%
Interest Revenue	$0
Dividends	$764,600	72.5%
Sales of Assets	$283,000	26.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,799,625	92.8%
Compensation of Officers*	$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	$15,538,560
Total Liabilities	$0
Net Assets	$15,538,560

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,213,151

Expenses

$1,573,847

Net Income

-$360,696

Net Assets

$16,423,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,050	0.6%
Interest Revenue	$0
Dividends	$831,749	68.6%
Sales of Assets	$374,352	30.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,425,925	90.6%
Compensation of Officers*	$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	$16,423,260
Total Liabilities	$0
Net Assets	$16,423,260

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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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated March 23, 2026

Best Portion Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.47M (2024)

Expenses $1.31M (2024)

Total Assets $15.4M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Revenue

$1.47M (2024)

Expenses

$1.31M (2024)

Total Assets

$15.4M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007