Jain Society of Metropolitian Chicago

Nonprofit profile at a glance

EIN
510175101
IRS 990 coverage
2011–2013
Forms available
Form 990 2013
Location
Bartlett, IL, USA
Phone
6308371077
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Buddhism
Affiliation
Jainism

Official website

Reported finances

Revenue
$1,168,777
Expenses
$840,023
Assets
$12,746,890
Liabilities
$401,493

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • TEJAS SHAH (PRESIDENT)
  • HITESH SHAH (VICE PRESIDENT)

People named in this filing

  • ARVIND SHAH (CHAIRMAN/TRUSEE)
  • DIPAK DOSHI (TRUSTEE)
  • ATUL SHAH (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide temple for religious services and communtity center for social, cultural, education and economic needs of the jain community other objectives are to increase awareness of jainism, acheive unity of all jains and promote interfaith understanding. To offer a trustworthy and structured ground for projecting a common voice of all jains for promoting principles of jain religion, providing jain education to the community, and celebrating jain social and cultural events in a manner that is compassionate, vibrant, & dynamic to all. In doing so, the organization shall execute its affairs ethically based on a sound infrastructure and responsible conduct, while creating a sustainable financial position

What it reported doing in 2013

Occupancy and temple building depreciation, supplies, telephone, salaries and insurance

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 86
  • Accountability: 76
  • Sustainability: 87
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.1%; rating input score 70
  • Program expense ratio: 97.5%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 15th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 28.1%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 15.17; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.2% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: -4.5% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 70.1% of revenue deployed · 97.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $819K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 3 filing years from 2011 to 2013
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.