Civic Intelligence

Preservation Chicago Nfp

990 • Fiscal year 2023 • EIN 01-0674228

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 15, 2024

Organization ProfileWWW.PRESERVATIONCHICAGO.ORG
205 W Monroe 400Chicago, IL 60606

(312) 443-1000

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,393,136

Up $1,145,947 (+464%) from 2022

Net Assets

Up

$1,383,532

Up $1,146,986 (+485%) from 2022

Liabilities

Down

$9,604

Down $1,039 (-9.8%) from 2022

Revenue And Expenses

Revenue

Up

$1,617,322

Up $1,218,256 (+305%) from 2022

Expenses

Up

$471,921

Up $32,392 (+7.4%) from 2022

Net Income

Up

$1,145,401

Up $1,185,864 (+2931%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $91,563Liabilities 2011: $02011Assets 2012: $63,066Liabilities 2012: $02012Assets 2013: $104,188Liabilities 2013: $02013Assets 2014: $40,216Liabilities 2014: $02014Assets 2015: $121,385Liabilities 2015: $160Net Assets 2015: $121,2252015Assets 2016: $196,660Liabilities 2016: $1,105Net Assets 2016: $195,5552016Assets 2017: $111,292Liabilities 2017: $2,268Net Assets 2017: $109,0242017Assets 2018: $177,307Liabilities 2018: $5,536Net Assets 2018: $171,7712018Assets 2019: $147,921Liabilities 2019: $6,808Net Assets 2019: $141,1132019Assets 2020: $187,783Liabilities 2020: $54,581Net Assets 2020: $133,2022020Assets 2021: $291,950Liabilities 2021: $14,941Net Assets 2021: $277,0092021Assets 2022: $247,189Liabilities 2022: $10,643Net Assets 2022: $236,5462022Assets 2023: $1,393,136Liabilities 2023: $9,604Net Assets 2023: $1,383,5322023Assets 2024: $2,623,718Liabilities 2024: $7,031Net Assets 2024: $2,616,6872024

Highlighted filing

2023

Assets$1,393,136
Liabilities$9,604
Net Assets$1,383,532
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $119,574Expenses 2011: $115,594Net Income 2011: $3,9802011Revenue 2012: $105,727Expenses 2012: $134,224Net Income 2012: -$28,4972012Revenue 2013: $141,328Expenses 2013: $100,512Net Income 2013: $40,8162013Revenue 2014: $37,411Expenses 2014: $101,483Net Income 2014: -$64,0722014Revenue 2015: $171,932Expenses 2015: $90,923Net Income 2015: $81,0092015Revenue 2016: $195,618Expenses 2016: $121,288Net Income 2016: $74,3302016Revenue 2017: $108,159Expenses 2017: $194,690Net Income 2017: -$86,5312017Revenue 2018: $286,649Expenses 2018: $223,902Net Income 2018: $62,7472018Revenue 2019: $292,415Expenses 2019: $323,073Net Income 2019: -$30,6582019Revenue 2020: $319,350Expenses 2020: $327,311Net Income 2020: -$7,9612020Revenue 2021: $509,303Expenses 2021: $368,446Net Income 2021: $140,8572021Revenue 2022: $399,066Expenses 2022: $439,529Net Income 2022: -$40,4632022Revenue 2023: $1,617,322Expenses 2023: $471,921Net Income 2023: $1,145,4012023Revenue 2024: $1,830,249Expenses 2024: $636,100Net Income 2024: $1,194,1492024

Highlighted filing

2023

Revenue$1,617,322
Expenses$471,921
Net Income$1,145,401
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,618,322
Mission and Program Overview

Mission

Advocates for the preservation of chicago's historic architecture, neighborhoods and urban spaces throughout the city of chicago. Preservation chicago is committed to strengthening the vibrancy of chicago's economy and quality of life by championing the historic built environment. Preservation chicago protects and revitalizes chicago's irreplaceable architecture, neighborhoods and urban spaces. The organization influences stakeholders toward creative reuse and preservation through advocacy, outreach, education, and partnership.

Preservation chicago leverages the power of historic preservation to create healthy communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$119,942$1,164,075▲ $1,044,133
Cash and Non-Interest-Bearing Accounts$120,913$123,800▲ $2,887
Investments in Publicly Traded Securities-$89,984-
Land, Buildings, and Equipment, Net$6,334$15,277▲ $8,943
Total Assets$247,189$1,393,136▲ $1,145,947
Liabilities
Accounts Payable and Accrued Expenses$10,643$9,604▼ $1,039
Total Liabilities$10,643$9,604▼ $1,039
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,000$1,150,003▲ $1,145,003
Net Assets Without Donor Restrictions$231,546$233,529▲ $1,983
Total Net Assets Fund Balance$236,546$1,383,532▲ $1,146,986
Total Liabilities and Net Assets / Fund Balance$247,189$1,393,136▲ $1,145,947

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,277$11,966$27,243

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023-$1,150,000▲ $33,343-$1,150,003
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ward MillerExecutive DirectorFT$89,500$13,724$103,224

Board Members and Trustees

NameTitle
Brad SusterPresident
Jacob KaplanVice President
Andrea ReedBoard Member
Cathie BondBoard Member
Charles VinzBoard Member
Diane GonzalezBoard Member
Jack SpicerBoard Member
Joanne YasusBoard Member
Joyce JacksonBoard Member
Debbie DodgeSecretary
Stuart BermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,577,096
Program Service Revenue
$0
Investment Income
$39,283
Other Revenue
$943
All Other Contributions
$1,560,403
Change in Net Assets
$1,145,401

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,617,322
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,585
Total Revenue per Audited Statements
$1,618,907
Total Revenue per Form 990
$1,617,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$341,447
Other Expenses$130,474
Total Fundraising Expense$39,209
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$172,396$15,238$5,866$193,500
Current Officers, Directors, Trustees, and Key Employees$87,741$5,161$10,322$103,224
Occupancy-$37,764-$37,764
Other Employee Benefits$23,299$467$933$24,699
Fees for Services Accounting-$24,102-$24,102
Payroll Taxes$18,222$601$1,201$20,024
Travel-$9,421$9,422$18,843
Office Expenses$5,414$4,531$7,250$17,195
Information Technology-$6,827-$6,827
Fees for Services Other$5,011--$5,011
Insurance-$3,214-$3,214
Depreciation Depletion-$2,711-$2,711
Conferences and Meetings-$1,992-$1,992
Other Expenses$524$1,191$4,215$524
Total Functional Expenses$319,492$113,220$39,209$471,921

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$471,921
Total Expenses per Audited Statements$471,921
Total Expenses per Form 990$471,921
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“After 990 is prepared, the draft 990 is shared with executive staff and executive board committee to review for accuracy. Submitted 990 will be presented to full board at next occurring board meeting.”

Form 990, Part VI, Section B, Line 15

“Annual end-of-year executive committee meeting to conduct review and to assess compensation package. Merit, market comparatives, and the organization's budget are all taken into account. Results are then considered by the executive committee and memorandum issued to confirm specifics.”

Form 990, Part VI, Section C, Line 19

“The governing documents and form 990 are available upon request at the organizations office.”

FORM 990, PART VI, SECTION C, LINE 19:

“Modified cash basis of accounting”

Filing and Contact Details

Filer

Filer Name
Preservation Chicago
EIN
01-0674228
Phone
3124431000
Address
205 W MONROE 400, CHICAGO, IL 60606

Signing Officer

Name
Ward Miller
Title
Executive Director
Phone
7733348800
Signed
2024-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ward Miller
Formed
2002
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
16

Preparer

Firm
Mann Weitz & Associates LLC
Address
570 LAKE COOK ROAD SUITE 330, DEERFIELD, IL 60015
Preparer
Marcy Steindler
Phone
8472673400
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The endowment fund was created in 2023 to provide long-term source of income/resources to preservation chicago to fund the costs of general operations. The finance committee of preservation chicago has adopted investment and spending policies for the endowment that align with the donor's wishes and attempt to provide a predictable stream of funding for operations while seeking to maintain the purchasing power of the endowment. Preservation chicago follows the spending parameters provided by the donor in the endowment agreement. The approved annual spending rate is $115,000 for the first two years of the endowment and the greater of 5% of the endowment balance or $115,000 each year thereafter.”

PART X, LINE 2:

“The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of december 31, 2023, the organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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IRS990/Desc02023 PROVED TO BE REMARKABLE. MANY LONG-ENDANGERED BUILDINGS FINALLY EMERGED AS PRESERVATION 'WINS' THROUGH LANDMARKING. PRESERVATION CHICAGO HAS BEEN DEEPLY ENGAGED WITH MANY OF THESE LONG-TERM EFFORTS AND OUR LEADERSHIP AND INVOLVEMENT WITH THESE ADVOCACY EFFORTS PROVED DECISIVE. AFTER SO MANY YEARS OF EFFORT, TO FINALLY SEE THESE BUILDINGS IN A SAFE PLACE IS BOTH WONDERFULLY EXHILARATING AND PROVIDES AS PROFOUND SENSE OF RELIEF. A FEW HIGHLIGHTS INCLUDE: PROMONTORY POINT LANDMARKED (23-YEAR EFFORT), CENTURY & CONSUMERS BUILDINGS LANDMARKED (17-YEAR EFFORT), GREATER UNION BAPTIST CHURCH LANDMARKED (5-YEAR EFFORT), EPWORTH CHURCH LANDMARKED (4-YEAR EFFORT), GREATER TABERNACLE CATHEDRAL LANDMARKED (3-YEAR EFFORT), CLARK-NETSCH HOUSE LANDMARKED (3-YEAR EFFORT), AND THE WAREHOUSE LANDMARKED (36-DAY EFFORT) AND MORE.2023 SAW AN INCREASE IN MISSION-DRIVEN ACTIVITIES. WE'VE BEEN ABLE TO ADVOCATE FOR MORE BUILDINGS, RAISE MORE FUNDS, SPEAK AT MORE HEARINGS AND PUBLIC MEETINGS, HOLD MORE EVENTS AND EDUCATIONAL TOURS, GIVE MORE NEWSPAPER INTERVIEWS, WRITE MORE COMPREHENSIVE NEWSLETTERS, AND ENGAGE MORE ON SOCIAL MEDIA. THESE ACTIVITIES RESULTED IN MORE BUILDINGS SAVED, MORE PRESERVATION-ORIENTED DECISIONS, AND GREATER ATTENTION TO LOST BUILDINGS WITH THE LONG-TERM VISION OF CATALYZING HEALTHY, SUSTAINABLE, PROSPEROUS, EQUITABLE CHICAGO COMMUNITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/MissionDesc0THROUGHOUT THE CITY OF CHICAGO, PRESERVATION CHICAGO IS COMMITTED TO STRENGTHENING THE VIBRANCY OF CHICAGO'S ECONOMY AND QUALITY OF LIFE BY CHAMPIONING OUR HISTORIC BUILT ENVIRONMENT. PRESERVATION CHICAGO PROTECTS AND REVITALIZES CHICAGO'S IRREPLACEABLE ARCHITECTURE, NEIGHBORHOODS AND URBAN GREEN SPACES. WE INFLUENCE STAKEHOLDERS TOWARD CREATIVE REUSE AND PRESERVATION THROUGH ADVOCACY, OUTREACH, EDUCATION, AND PARTNERSHIP.
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-271
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01585
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0231546
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0233529
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt037764
IRS990/OccupancyGrp/TotalAmt037764
IRS990/OfficeExpensesGrp/FundraisingAmt07250
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04531
IRS990/OfficeExpensesGrp/ProgramServicesAmt05414
IRS990/OfficeExpensesGrp/TotalAmt017195
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0933
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0467
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023299
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024699
IRS990/OtherExpensesGrp/Desc0PUBLICATIONS
IRS990/OtherExpensesGrp/Desc1FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/Desc2DONATIONS
IRS990/OtherExpensesGrp/Desc3LIBRARY EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt04215
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01191
IRS990/OtherExpensesGrp/ProgramServicesAmt06885
IRS990/OtherExpensesGrp/ProgramServicesAmt1524
IRS990/OtherExpensesGrp/TotalAmt06885
IRS990/OtherExpensesGrp/TotalAmt14215
IRS990/OtherExpensesGrp/TotalAmt21191
IRS990/OtherExpensesGrp/TotalAmt3524
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01214
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01214
IRS990/OtherRevenueTotalAmt01214
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05866
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015238
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0172396
IRS990/OtherSalariesAndWagesGrp/TotalAmt0193500
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01201
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0601
IRS990/PayrollTaxesGrp/ProgramServicesAmt018222
IRS990/PayrollTaxesGrp/TotalAmt020024
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WARD MILLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0397869
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0177
IRS990/PYOtherExpensesAmt0104061
IRS990/PYOtherRevenueAmt01020
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-40463
IRS990/PYSalariesCompEmpBnftPaidAmt0335468
IRS990/PYTotalExpensesAmt0439529
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0399066
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01145401
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0119942
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01164075
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: ENDOWMENT GRANT - 1ST PAYMENT OF 2 DATE: 04/25/23 AMOUNT: 1150000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0427096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0397869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0509317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0316670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0286199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01937151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt040868
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01593
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042651
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09690
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01214
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01247
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0558
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01331
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04350
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.35400
IRS990ScheduleA/PublicSupportPY170Pct00.36540
IRS990ScheduleA/PublicSupportTotal170Amt0702395
IRS990ScheduleA/SubstantialContributorsTotAmt01234756
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0427096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0397869
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0509317
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0316670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0286199
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01937151
IRS990ScheduleA/TotalSupportAmt01984152
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt033340
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01150000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01150003
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt033343
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt015277
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011966
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027243
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0471921
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01585
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt01585
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01617322
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUND WAS CREATED IN 2023 TO PROVIDE LONG-TERM SOURCE OF INCOME/RESOURCES TO PRESERVATION CHICAGO TO FUND THE COSTS OF GENERAL OPERATIONS. THE FINANCE COMMITTEE OF PRESERVATION CHICAGO HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR THE ENDOWMENT THAT ALIGN WITH THE DONOR'S WISHES AND ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR OPERATIONS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. PRESERVATION CHICAGO FOLLOWS THE SPENDING PARAMETERS PROVIDED BY THE DONOR IN THE ENDOWMENT AGREEMENT. THE APPROVED ANNUAL SPENDING RATE IS $115,000 FOR THE FIRST TWO YEARS OF THE ENDOWMENT AND THE GREATER OF 5% OF THE ENDOWMENT BALANCE OR $115,000 EACH YEAR THEREAFTER.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015277
IRS990ScheduleD/TotalExpensesPerForm990Amt0471921
IRS990ScheduleD/TotalRevenuePerForm990Amt01617322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01618907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0471921
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFTER 990 IS PREPARED, THE DRAFT 990 IS SHARED WITH EXECUTIVE STAFF AND EXECUTIVE BOARD COMMITTEE TO REVIEW FOR ACCURACY. SUBMITTED 990 WILL BE PRESENTED TO FULL BOARD AT NEXT OCCURRING BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL END-OF-YEAR EXECUTIVE COMMITTEE MEETING TO CONDUCT REVIEW AND TO ASSESS COMPENSATION PACKAGE. MERIT, MARKET COMPARATIVES, AND THE ORGANIZATION'S BUDGET ARE ALL TAKEN INTO ACCOUNT. RESULTS ARE THEN CONSIDERED BY THE EXECUTIVE COMMITTEE AND MEMORANDUM ISSUED TO CONFIRM SPECIFICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MODIFIED CASH BASIS OF ACCOUNTING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0247189
IRS990/TotalAssetsEOYAmt01393136
IRS990/TotalAssetsGrp/BOYAmt0247189
IRS990/TotalAssetsGrp/EOYAmt01393136
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01577096
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039209
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113220
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0319492
IRS990/TotalFunctionalExpensesGrp/TotalAmt0471921
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010643
IRS990/TotalLiabilitiesEOYAmt09604
IRS990/TotalLiabilitiesGrp/BOYAmt010643
IRS990/TotalLiabilitiesGrp/EOYAmt09604

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,393,136
Liabilities
$9,604
Net assets
$1,383,532
Revenue
$1,617,322
Expenses
$471,921
Net income
$1,145,401
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.62$0.01$2.62$1.83$0.64$1.19
2023Detailed filing. Detailed filing data is available for this year.$1.39$0.01$1.38$1.62$0.47$1.15
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$0.40$0.44$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.51$0.37$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.05$0.13$0.32$0.33$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.29$0.32$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$0.29$0.22$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.11$0.19$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.20$0.12$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.17$0.09$0.08
2014Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.10$0.06
2013Summary only. Only limited summary data is available for this year.$0.10$0.00$0.14$0.10$0.04
2012Summary only. Only limited summary data is available for this year.$0.06$0.00$0.11$0.13$0.03
2011Summary only. Only limited summary data is available for this year.$0.09$0.00$0.12$0.12$0.00