Civic Intelligence

Laundrycares Foundation

990 • Fiscal year 2018 • EIN 20-4504242

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

1 S 660 Midwest Road Suite 205Oakbrook Terrace, IL 60181

(800) 570-5629

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$271,642

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 91.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

80th percentile

37%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

397%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$163,135

Up $43,722 (+37%) from 2017

Net Assets

Up

$162,478

Up $43,065 (+36%) from 2017

Liabilities

Up

$657

Up $657 from 2017

Revenue

Up

$296,922

Up $237,192 (+397%) from 2017

Expenses

Up

$253,857

Up $179,296 (+240%) from 2017

Net Income

Up

$43,065

Up $57,896 (+390%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2016: $135,244Liabilities 2016: $1,000Net Assets 2016: $134,2442016Assets 2017: $119,413Liabilities 2017: $0Net Assets 2017: $119,4132017Assets 2018: $163,135Liabilities 2018: $657Net Assets 2018: $162,4782018Assets 2019: $475,095Liabilities 2019: $96,178Net Assets 2019: $378,9172019Assets 2020: $264,918Liabilities 2020: $41,472Net Assets 2020: $223,4462020Assets 2021: $140,290Liabilities 2021: $139,166Net Assets 2021: $1,1242021Assets 2022: $364,050Liabilities 2022: $132,024Net Assets 2022: $232,0262022Assets 2023: $196,398Liabilities 2023: $76,826Net Assets 2023: $119,5722023Assets 2024: $85,204Liabilities 2024: $91,222Net Assets 2024: -$6,0182024

Highlighted filing

2018

Assets$163,135
Liabilities$657
Net Assets$162,478

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $79,212Expenses 2016: $43,851Net Income 2016: $35,3612016Revenue 2017: $59,730Expenses 2017: $74,561Net Income 2017: -$14,8312017Revenue 2018: $296,922Expenses 2018: $253,857Net Income 2018: $43,0652018Revenue 2019: $703,749Expenses 2019: $487,310Net Income 2019: $216,4392019Revenue 2020: $323,256Expenses 2020: $478,727Net Income 2020: -$155,4712020Revenue 2021: $194,345Expenses 2021: $416,667Net Income 2021: -$222,3222021Revenue 2022: $846,727Expenses 2022: $615,825Net Income 2022: $230,9022022Revenue 2023: $428,396Expenses 2023: $540,850Net Income 2023: -$112,4542023Revenue 2024: $486,304Expenses 2024: $611,894Net Income 2024: -$125,5902024

Highlighted filing

2018

Revenue$296,922
Expenses$253,857
Net Income$43,065
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$296,922
Mission and Program Overview

Mission

To provide laundry services and education to those in need.

The purposes of the organization are: (i) to coordinate the distribution of donated laundry equipment and supplies for the purpose of providing laundry services to organizations, families and individuals in need; and (ii) to offer free laundry day at coin laundry facilities in select cities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$98,108$133,007▲ $34,899
Pledges and Grants Receivable-$28,753-
Prepaid Expenses and Deferred Charges$7,700$1,375▼ $6,325
Total Assets$119,413$163,135▲ $43,722
Other Assets Total$13,605$0▼ $13,605
Liabilities
Other Liabilities$0$657▲ $657
Total Liabilities$0$657▲ $657
Net Assets / Fund Balance
Unrestricted Net Assets$119,413$110,128▼ $9,285
Temporarily Rstr Net Assets-$52,350-
Total Net Assets Fund Balance$119,413$162,478▲ $43,065
Total Liabilities and Net Assets / Fund Balance$119,413$163,135▲ $43,722
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel P NaumannExecutive Vice-presidentFT$50,417$1,439$51,856

Board Members and Trustees

NameTitle
Jeff GardnerChairman
Joel JorgensenChairman - Elect
James WhitmoreImmediate Past Chair
Brian WallacePresident & CEO
Brian GrellVice Chairman
Brian BrunckhorstBoard Member
Brian HollandBoard Member
Charles Pasquale JrBoard Member
Chris MorenoBoard Member
Dennis DiazBoard Member
John OlsenBoard Member
Karl HinrichsBoard Member
Kathryn RowenBoard Member
Lisa WhiteBoard Member
Michael FinkelsteinBoard Member
Paul PetteferBoard Member
Robert E MaesBoard Member
Ron KelleyBoard Member
Russell ArbuckleBoard Member
Steve MarcionettiBoard Member
Ted RistainoBoard Member
Daryl JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$296,922
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$296,922
Change in Net Assets
$43,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$296,922
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$68,521
Total Revenue per Audited Statements
$365,443
Total Revenue per Form 990
$296,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,365
Salaries, Compensation, and Employee Benefits$58,492
Total Fundraising Expense$22,867
Grants and Similar Amounts Paid$12,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$72,650$23,140-$95,790
Comp Disqual Persons$17,006$17,004$17,006$51,016
Conferences and Meetings$41,163--$41,163
Grants to Domestic Orgs$12,000--$12,000
Travel-$8,286-$8,286
Office Expenses$1,706$1,706$1,706$5,118
Information Technology$1,662$1,663$1,663$4,988
Payroll Taxes$1,442$1,442$1,442$4,326
Other Salaries and Wages$1,050$1,050$1,050$3,150
Fees for Services Legal-$3,092-$3,092
Other Expenses$22,854$1,549-$1,549
Fees for Services Accounting-$525-$525
Total Functional Expenses$171,533$59,457$22,867$253,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$322,378
Expenses per Audited Statements$253,857
Total Expenses per Form 990$253,857
Expenses Not Reported on Form 990$68,521
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Cla$657
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

There is no separate committee with authority to act on behalf of the governing body.

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

The executive director reviews the 990 prior to signing the returns. Additionally, the executive vice director is provided the return for review and solicited for their comments and questions

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Laundrycares Foundation
EIN
20-4504242
Phone
8005705629
Address
1 S 660 MIDWEST ROAD SUITE 205, OAKBROOK TERRACE, IL 60181

Signing Officer

Name
Brian Wallace
Title
President and CEO
Phone
6309635547
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Wallace
Formed
2006
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
1
Volunteers
20

Preparer

Firm
Mann Weitz & Associates LLC
Address
111 DEER LAKE ROAD SUITE 125, DEERFIELD, IL 60015
Preparer
Marcy Steindler
Phone
8472673400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other consulting: program service expenses 72,650. Management and general expenses 23,140. Fundraising expenses 0. Total expenses 95,790.

Financial Statement Notes

PART X, LINE 2:

The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated 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, 2018, the organization had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN - ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE VICE-PRESIDENT
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IRS990/FormationYr02006
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt012000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt012000
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0296922
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01663
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01663
IRS990/InformationTechnologyGrp/ProgramServicesAmt01662
IRS990/InformationTechnologyGrp/TotalAmt04988
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE LAUNDRY SERVICES AND EDUCATION TO THOSE IN NEED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0119413
IRS990/NetAssetsOrFundBalancesEOYAmt0162478
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt01706
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01706
IRS990/OfficeExpensesGrp/ProgramServicesAmt01706
IRS990/OfficeExpensesGrp/TotalAmt05118
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013605
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FREE LAUNDRY SUPPORT
IRS990/OtherExpensesGrp/Desc1BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01549
IRS990/OtherExpensesGrp/ProgramServicesAmt022854
IRS990/OtherExpensesGrp/TotalAmt022854
IRS990/OtherExpensesGrp/TotalAmt11549
IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01050
IRS990/OtherSalariesAndWagesGrp/TotalAmt03150
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01442
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01442
IRS990/PayrollTaxesGrp/ProgramServicesAmt01442
IRS990/PayrollTaxesGrp/TotalAmt04326
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01375
IRS990/PrincipalOfficerNm0BRIAN WALLACE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt059730
IRS990/PYExcessBenefitTransInd00
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IRS990/QuidProQuoContributionsInd00
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IRS990/ReconcilationRevenueExpnssAmt043065
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0296922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt065685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt079212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt085946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt011785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0539550
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59920
IRS990ScheduleA/PublicSupportPY170Pct00.63190
IRS990ScheduleA/PublicSupportTotal170Amt0323321
IRS990ScheduleA/SubstantialContributorsTotAmt0216229
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0296922
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt065685
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt085946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt011785
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0539550
IRS990ScheduleA/TotalSupportAmt0539550
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt068521
IRS990ScheduleD/DonatedServicesUseFcltsAmt068521
IRS990ScheduleD/ExpensesNotReportedAmt068521
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0253857
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0657

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