Nonprofit · EIN 86-2088032
WAYFARER FOUNDATION
Tax-exempt · HIGHLAND PARK, IL 60035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,726,331 | $28,984,060 | -$27,257,729 | $27,513,938 | $14,157 | $27,499,781 |
| December 31, 2023 | 990-PF | -$10,898,607 | $23,938,980 | -$34,837,587 | $54,783,499 | $25,989 | $54,757,510 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,940
- Dividends
- $700,362
- Interest
- $935,081
- Net rental income
- -$58,001
Expenses
- Grants and similar amounts paid
- $23,912,892
- Compensation of officers, directors and key employees
- $250,080
- Salaries, compensation and benefits (total)
- $1,509,717
- Disbursements for charitable purposes
- $28,471,111
- Excise tax on investment income
- $20,814
Balance sheet and other
- Total assets, start of year
- $54,783,499
- Total assets, end of year
- $27,513,938
- Total liabilities, end of year
- $14,157
- Net assets, end of year
- $27,499,781
- Fair market value of assets
- $27,309,929
- Qualifying distributions
- $28,471,111
- Net investment income
- $1,720,391
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA HERRICK 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | EXECUTIVE DIRECTOR | 40 | $250,080 | $7,764 |
| CELESTE SMITH 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | SR PROGRAM DIRECTOR Highest-paid employee | 40 | $159,505 | $5,049 |
| MARIA CARMEN PATLAN 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | CHIEF OF STAFF Highest-paid employee | 40 | $159,434 | $18,270 |
| RICHARD HAVARD 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $133,291 | $11,968 |
| KEVIN WILLIAMS 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | SR COMMUNICATIONS DI Highest-paid employee | 40 | $130,502 | $22,913 |
| HUSAYN ALLMART 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | PROGRAM OFFICER Highest-paid employee | 40 | $103,306 | $28,701 |
| STEVEN I SAROWITZ 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | PRESIDENT | 1 | $0 | $0 |
| JUSTIN BALDONI 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | SECRETARY | 1 | $0 | $0 |
| CYNTHIA BARNES-SLATER 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | TREASURER | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA HERRICK 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | EXECUTIVE DIRECTOR | 40 | $208,400 | $6,470 |
| CELESTE SMITH 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | SR PROGRAM DIRECTOR Highest-paid employee | 40 | $131,129 | $3,625 |
| CARMEN PATLAN 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | CHIEF OF STAFF Highest-paid employee | 40 | $130,316 | $17,046 |
| KEVIN WILLIAMS 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | SR COMMUNICATIONS DI Highest-paid employee | 40 | $106,681 | $19,237 |
| RICHARD HAVARD 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $106,544 | $10,046 |
| STEVEN I SAROWITZ 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | PRESIDENT | 1 | $0 | $0 |
| JUSTIN BALDONI 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | VICE PRESIDENT | 1 | $0 | $0 |
| CYNTHIA BARNES-SLATER 1849 GREEN BAY ROAD STE 280, HIGHLAND PARK, IL 60035 | SECRETARY | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1849 GREEN BAY RD STE 280, HIGHLAND PARK, IL 60035-3167
- In care of
- % STEVEN SAROWITZ
- Signed the 990-PF
- STEVEN I SAROWITZ, PRESIDENT
- Phone
- (312) 521-2607
- Website
- WAYFARERFOUNDATION.ORG
- Return prepared by
- PASQUESI SHEPPARD LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 86-2088032
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $27,513,938
- Income (IRS master file)
- $1,726,331
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,726,331 | $28,984,060 | $27,513,938 | XML |
| 990-PF | December 2023 | -$10,898,607 | $23,938,980 | $54,783,499 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 86-2088032).
Questions about WAYFARER FOUNDATION
- What is the EIN of WAYFARER FOUNDATION?
- The employer identification number (EIN) of WAYFARER FOUNDATION is 86-2088032.
- Is WAYFARER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WAYFARER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WAYFARER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WAYFARER FOUNDATION 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 WAYFARER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WAYFARER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 6 received compensation from the organization, the highest $250,080 (LAURA HERRICK, EXECUTIVE DIRECTOR).
- How much revenue does WAYFARER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,726,331, expenses of $28,984,060 and total assets of $27,513,938 at year end.
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All nonprofits in HIGHLAND PARK · Illinois · Philanthropy, voluntarism and grantmaking foundations