Civic Intelligence

Ann Milligan Gray Endowment Fund for Scholarships

990 • Fiscal year 2024 • EIN 20-0960982

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 17, 2025

229 E Lake Shore Dr Apt 9WChicago, IL 60611

(312) 307-0280

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

7th percentile

-45%

Higher net margin than 7% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

32nd percentile

-2.3%

Faster asset growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

270%

Faster revenue growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$762,436

Down $18,191 (-2.3%) from 2023

Net Assets

Down

$762,436

Down $18,191 (-2.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$40,428

Up $29,514 (+270%) from 2023

Expenses

Down

$58,749

Down $7,872 (-12%) from 2023

Net Income

Up

-$18,321

Up $37,386 (+67%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $843,324Liabilities 2011: $0Net Assets 2011: $843,3242011Assets 2012: $870,244Liabilities 2012: $0Net Assets 2012: $870,2442012Assets 2013: $893,182Liabilities 2013: $0Net Assets 2013: $893,1822013Assets 2014: $851,571Liabilities 2014: $0Net Assets 2014: $851,5712014Assets 2015: $829,017Liabilities 2015: $0Net Assets 2015: $829,0172015Assets 2016: $782,831Liabilities 2016: $0Net Assets 2016: $782,8312016Assets 2017: $778,468Liabilities 2017: $0Net Assets 2017: $778,4682017Assets 2018: $930,517Liabilities 2018: $0Net Assets 2018: $930,5172018Assets 2019: $983,578Liabilities 2019: $0Net Assets 2019: $983,5782019Assets 2020: $874,190Liabilities 2020: $0Net Assets 2020: $874,1902020Assets 2021: $891,394Liabilities 2021: $0Net Assets 2021: $891,3942021Assets 2022: $834,702Liabilities 2022: $0Net Assets 2022: $834,7022022Assets 2023: $780,627Liabilities 2023: $0Net Assets 2023: $780,6272023Assets 2024: $762,436Liabilities 2024: $0Net Assets 2024: $762,4362024

Highlighted filing

2024

Assets$762,436
Liabilities$0
Net Assets$762,436

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2011: $7,343Expenses 2011: $66,293Net Income 2011: -$58,9502011Revenue 2012: $33,330Expenses 2012: $6,410Net Income 2012: $26,9202012Revenue 2013: $29,765Expenses 2013: $6,827Net Income 2013: $22,9382013Revenue 2014: $63,419Expenses 2014: $105,581Net Income 2014: -$42,1622014Revenue 2015: $26,438Expenses 2015: $49,149Net Income 2015: -$22,7112015Revenue 2016: $22,137Expenses 2016: $71,206Net Income 2016: -$49,0692016Revenue 2017: $60,974Expenses 2017: $65,711Net Income 2017: -$4,7372017Revenue 2018: $154,878Expenses 2018: $5,354Net Income 2018: $149,5242018Revenue 2019: $115,121Expenses 2019: $66,357Net Income 2019: $48,7642019Revenue 2020: $32,451Expenses 2020: $142,852Net Income 2020: -$110,4012020Revenue 2021: $79,188Expenses 2021: $62,001Net Income 2021: $17,1872021Revenue 2022: $7,298Expenses 2022: $64,325Net Income 2022: -$57,0272022Revenue 2023: $10,914Expenses 2023: $66,621Net Income 2023: -$55,7072023Revenue 2024: $40,428Expenses 2024: $58,749Net Income 2024: -$18,3212024

Highlighted filing

2024

Revenue$40,428
Expenses$58,749
Net Income-$18,321
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 17, 2025
Return Version
2024v5.0
Gross Receipts
$223,251
Mission and Program Overview

Mission

Provides grants to organizations focused on children

The organization grants college scholarships to underpriviledged students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$780,627$762,436▼ $18,191
Investments in Publicly Traded Securities$767,752$747,040▼ $20,712
Cash and Non-Interest-Bearing Accounts$12,875$15,396▲ $2,521
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$780,627$762,436▼ $18,191
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$780,627$762,436▼ $18,191
Total Liabilities and Net Assets / Fund Balance$780,627$762,436▼ $18,191
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karen Gray-krehbielPresident
Linda GantzSecretary
Virginia BobinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$40,428
Other Revenue
$0
Change in Net Assets
$-18,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$51,541
Other Expenses$7,208
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$51,541--$51,541
Fees for Service Investment Mgmnt Fees-$4,669-$4,669
Fees for Services Accounting-$1,950-$1,950
Fees for Services Other-$589-$589
Total Functional Expenses$51,541$7,208$0$58,749
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boys & Girls Club of Chicago IncChicago, IL-To Support the Boys & Girls Club of Chicago Programs.$51,541
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
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
No
Other officer compensation reviewed
No
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 A, Line 8A

Although meetings were held, the organization did not contemporaneously document the meetings.

Form 990, Part VI, Section A, Line 8B

Although meetings were held, the organization did not contemporaneously document the meetings.

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

The treasurer reviews the form 990.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made availbable to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ann Milligan Gray Endowment Fund for
EIN
20-0960982
Phone
3123070280
Address
229 E LAKE SHORE DR APT 9W, CHICAGO, IL 60611

Signing Officer

Name
Karen Gray-krehbiel
Title
President
Phone
3123070280
Signed
2025-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Gray-krehbiel
Formed
2005
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
The Mosaic Financial Group LLC
Address
303 EAST WACKER DRIVE SUITE 1675, CHICAGO, IL 60601
Preparer
Patrick Mckenna
Phone
3122555490
Raw XML Appendix312 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364379428
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE MOSAIC FINANCIAL GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0303 EAST WACKER DRIVE SUITE 1675
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060601
ReturnHeader/PreparerPersonGrp/PhoneNum03122555490
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK MCKENNA
ReturnHeader/ReturnTs02025-03-17T14:07:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.62$0.00$7.62$0.40$0.59$0.18
2023Detailed filing. Detailed filing data is available for this year.$7.81$0.00$7.81$0.11$0.67$0.56
2022Detailed filing. Detailed filing data is available for this year.$8.35$0.00$8.35$0.07$0.64$0.57
2021Detailed filing. Detailed filing data is available for this year.$8.91$0.00$8.91$0.79$0.62$0.17
2020Detailed filing. Detailed filing data is available for this year.$8.74$0.00$8.74$0.32$1.43$1.10
2019Detailed filing. Detailed filing data is available for this year.$9.84$0.00$9.84$1.15$0.66$0.49
2018Detailed filing. Detailed filing data is available for this year.$9.31$0.00$9.31$1.55$0.05$1.50
2017Detailed filing. Detailed filing data is available for this year.$7.78$0.00$7.78$0.61$0.66$0.05
2016Detailed filing. Detailed filing data is available for this year.$7.83$0.00$7.83$0.22$0.71$0.49
2015Detailed filing. Detailed filing data is available for this year.$8.29$0.00$8.29$0.26$0.49$0.23
2014Detailed filing. Detailed filing data is available for this year.$8.52$0.00$8.52$0.63$1.06$0.42
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.93$0.00$8.93$0.30$0.07$0.23
2012Summary only. Only limited summary data is available for this year.$8.70$0.00$8.70$0.33$0.06$0.27
2011Summary only. Only limited summary data is available for this year.$8.43$0.00$8.43$0.07$0.66$0.59