Nonprofit · EIN 85-2163027
DESCENDANTS TRUTH AND RECONCILIATION TRUST
Tax-exempt · CHICAGO, IL 60603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,046,898 | $988,248 | $4,058,650 | $29,209,122 | $0 | $29,209,122 |
| December 31, 2023 | 990 | $11,186,143 | $1,726,516 | $9,459,627 | $25,153,097 | $0 | $25,153,097 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,584,482
- Program service revenue
- $0
- Investment income
- $462,416
- Net gain from sales of assets
- -$268,382
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $810,213
- Compensation of officers, directors and key employees
- $164,860
- Salaries, compensation and benefits (total)
- $164,860
- Professional fundraising fees
- $0
- Program services (functional)
- $865,166
- Management and general (functional)
- $123,082
Balance sheet and other
- Total assets, start of year
- $25,153,097
- Total assets, end of year
- $29,209,122
- Total liabilities, end of year
- $0
- Net assets, end of year
- $29,209,122
- Publicly traded securities
- $27,840,410
- Gross receipts
- $14,698,235
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2020
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JP MORGAN CHASE BANK NA | TRUSTEE Institutional trustee | 5 | $164,860 |
| FR TIMOTHY P KESICKI S J | TRUSTEE Trustee or director | 45 | $0 |
| JOSEPH FERRARA | TRUSTEE Trustee or director | 3 | $0 |
| RICHARD M TSOUMAS | TRUSTEE Trustee or director | 3 | $0 |
| ALDEN J MCDONALD JR | TRUSTEE Trustee or director | 3 | $0 |
| ERNEST EMERSON JONES | TRUSTEE Trustee or director | 3 | $0 |
| MONIQUE T MADDOX | TRUSTEE Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JP MORGAN CHASE BANK NA | TRUSTEE Institutional trustee | 5 | $128,657 |
| FR TIMOTHY P KESICKI S J | TRUSTEE Trustee or director | 45 | $0 |
| JOSEPH FERRARA | TRUSTEE Trustee or director | 3 | $0 |
| RICHARD M TSOUMAS | TRUSTEE Trustee or director | 3 | $0 |
| ALDEN J MCDONALD JR | TRUSTEE Trustee or director | 3 | $0 |
| ERNEST EMERSON JONES | TRUSTEE Trustee or director | 3 | $0 |
| MONIQUE T MADDOX | TRUSTEE Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 10 S DEARBORN IL1-0111, CHICAGO, IL 60603-2300
- Principal officer (990 for 2024)
- JP MORGAN CHASE BANK N A, 10 S DEARBORN ST MC IL 1-0111, CHICAGO, IL 60603
- Signed the 990
- KRYSTAL ZEC, ExecDirector
- Phone
- (800) 496-2583
- Return prepared by
- ERNST & YOUNG US LLP
Mission
See Attachment.
Program accomplishments
- See Attachment.Expenses $865,166 · grants $810,213
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2163027
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R22)
- Assets (IRS master file)
- $29,209,122
- Income (IRS master file)
- $14,698,235
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,046,898 | $988,248 | $29,209,122 | XML |
| 990 | December 2023 | $11,186,143 | $1,726,516 | $25,153,097 | XML |
| 990 | December 2022 | $273,328 | $123,348 | $15,704,593 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2163027).
Questions about DESCENDANTS TRUTH AND RECONCILIATION TRUST
- What is the EIN of DESCENDANTS TRUTH AND RECONCILIATION TRUST?
- The employer identification number (EIN) of DESCENDANTS TRUTH AND RECONCILIATION TRUST is 85-2163027.
- Is DESCENDANTS TRUTH AND RECONCILIATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to DESCENDANTS TRUTH AND RECONCILIATION TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DESCENDANTS TRUTH AND RECONCILIATION TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DESCENDANTS TRUTH AND RECONCILIATION TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESCENDANTS TRUTH AND RECONCILIATION TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DESCENDANTS TRUTH AND RECONCILIATION TRUST?
- The 990 for the year ended December 31, 2024 names JP MORGAN CHASE BANK N A.
- Who are the officers and directors of DESCENDANTS TRUTH AND RECONCILIATION TRUST?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $164,860 (JP MORGAN CHASE BANK NA, TRUSTEE).
- How much revenue does DESCENDANTS TRUTH AND RECONCILIATION TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,046,898, expenses of $988,248 and total assets of $29,209,122 at year end.
Other nonprofits in CHICAGO
- ILLINOIS COALITION FOR IMMIGRANT AND REFUGEE RIGHTS EIN 36-3783551 · last filed 990 for 2025
- RAPID RESIST ACTION EIN 82-2476207 · last filed 990 for 2025
- HEARTLAND ALLIANCE INTERNATIONAL INC EIN 30-0739799 · last filed 990 for 2025
- RESPONSIVE GOV ACTION INC EIN 92-2635543 · last filed 990 for 2024
- NATIONAL ASIAN PACIFIC AMERICAN WOMENS FORUM EIN 36-4799986 · last filed 990 for 2024
- NATIONAL KOREAN AMERICAN SERVICE AND EDUCATION CONSORTIUM INC EIN 11-3303986 · last filed 990 for 2025
- ACTION CENTER ON RACE AND THE ECONOMY INSTITUTE EIN 82-1199695 · last filed 990 for 2024
- ILLINOIS ASSOCIATION OF COURT APPOINTED SPECIAL ADVOCATES EIN 36-3906070 · last filed 990 for 2025
All nonprofits in CHICAGO · Illinois · Civil rights, social action and advocacy