Civic Intelligence

Cool Classics Inc.

990EZ • Fiscal year 2017 • EIN 26-1250241

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 24, 2018

3712 N Broadway Suite 558Chicago, IL 60613

(773) 327-4544

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$12,497

Up $4,766 (+62%) from 2016

Net Assets

Up

$3,099

Up $1,793 (+137%) from 2016

Liabilities

Up

$9,398

Up $2,973 (+46%) from 2016

Revenue And Expenses

Revenue

Up

$56,377

Up $19,846 (+54%) from 2016

Expenses

Up

$54,584

Up $13,728 (+34%) from 2016

Net Income

Up

$1,793

Up $6,118 (+141%) from 2016

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2011: $19,632Liabilities 2011: $21,564Net Assets 2011: -$1,9322011Assets 2012: $21,210Liabilities 2012: $6,157Net Assets 2012: $15,0532012Assets 2013: $23,375Liabilities 2013: $10,130Net Assets 2013: $13,2452013Assets 2014: $21,542Liabilities 2014: $8,258Net Assets 2014: $13,2842014Assets 2015: $13,164Liabilities 2015: $7,533Net Assets 2015: $5,6312015Assets 2016: $7,731Liabilities 2016: $6,425Net Assets 2016: $1,3062016Assets 2017: $12,497Liabilities 2017: $9,398Net Assets 2017: $3,0992017Assets 2022: $62,587Liabilities 2022: $12,914Net Assets 2022: $49,6732022Assets 2023: $98,117Liabilities 2023: $17,087Net Assets 2023: $81,0302023Assets 2024: $63,448Liabilities 2024: $15,160Net Assets 2024: $48,2882024

Highlighted filing

2017

Assets$12,497
Liabilities$9,398
Net Assets$3,099

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $19,581Expenses 2011: $28,849Net Income 2011: -$9,2682011Revenue 2012: $57,150Expenses 2012: $40,165Net Income 2012: $16,9852012Revenue 2013: $65,931Expenses 2013: $67,739Net Income 2013: -$1,8082013Revenue 2014: $42,087Expenses 2014: $42,048Net Income 2014: $392014Revenue 2015: $37,054Expenses 2015: $44,707Net Income 2015: -$7,6532015Revenue 2016: $36,531Expenses 2016: $40,856Net Income 2016: -$4,3252016Revenue 2017: $56,377Expenses 2017: $54,584Net Income 2017: $1,7932017Revenue 2022: $37,245Expenses 2022: $54,740Net Income 2022: -$17,4952022Revenue 2023: $87,714Expenses 2023: $56,357Net Income 2023: $31,3572023Revenue 2024: $19,557Expenses 2024: $52,669Net Income 2024: -$33,1122024

Highlighted filing

2017

Revenue$56,377
Expenses$54,584
Net Income$1,793
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 24, 2018
Return Version
2016v3.0
Gross Receipts
$56,377
Mission and Program Overview

Mission

Multi-faceted program supports reading curriculum in schools by using classic books to connect children to the world of reading, art, culture and ideas.

Cool Classics! is a book-based, after-school program that uses arts-integrated curricula to improve literacy and reading comprehension while developing critical thinking skills and introducing Chicago public school elementary schools students to a wide range of arts, humanities and cultures. Since 2006 it has introduced more than 858 elementary school children in underserved Chicago communities to the world of ideas. By focusing on close reading, rigorous discussion and deep analysis, a rich learning experience is created for our children that develops core competencies and enriches their understanding of literature, humanities, arts and culture while expanding their vocabulary in an engaging program. Students are held to the highest academic standards and provided with the tools for success.

Program Services

DescriptionGrantsExpenses
See Schedule O.$0$35,772
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mara TappBoard Secretary And Executive DirectorFT$37,500-$37,500
Hon Marilyn F JohnsonPresident-$0--
Amal AminTreasurerPT$0--
Mariana CalderonDirector-$0--
Alaka WaliDirector-$0--
Filing and Contact Details

Filer

Filer Name
Cool Classics Inc
EIN
26-1250241
Phone
7733274544
Address
3712 N Broadway Suite 558, Chicago, IL 60613

Signing Officer

Name
Mara Tapp
Title
Executive Director
Phone
7733274544
Signed
2018-01-24
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Description;Amount^Expense reimbursements;120|Rebates from Vendors;466^Total;586^

Form 990-EZ, Part I, Line 16

Description;Amount^Books and Supplies;1651|Computer and Internet;175|Field Trips;3257|Honoraria;574|Insurance;1468|Meals and Entertainment;69|Licenses and Fees;112|Telephone;418|Local Transportation;1389^Total;9113^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Expense Reimbursements Payable;390|Payroll Tax Liabilities;9008^Total;9398^

Form 990-EZ, Part III, Line (28-31)

Cool Classics! was recently honored as one of 12 winners of the 2017 National Arts and Humanities Youth Program Award. The award is given by the NEA, the NEH, and the Institute of Museum and Library Services, in cooperation with the National Assembly of State Arts Agencies. The award recognizes the country's best creative youth development programs for using engagement in the arts and the humanities to generate a wide range of positive outcomes. The awardees - chosen from a pool of 350 nominations and 50 finalists - were also recognized for improving literacy and language abilities, communication and performance skills, and cultural awareness. Among the program's many other accomplishments, Cool Classics! students were honored to record with Ella Jenkins, the internationally known children's singer and musician, in 2009 for Smithsonian Folkways Recordings. That CD, Ella Jenkins: A Life of Song, was recently released in connection with the opening of the Smithsonian National Museum of African American History and Culture. Student outcomes for the program include increased enthusiasm for reading and improved reading skills, improved critical-thinking skills, better reading comprehension and analysis, mastery of vocabulary and literary terms, ability to link the arts and ideas to their own lives, improved analytic skills among older students. Indicators of program success include high average attendance rate of 85% or higher, voluntary engagement in recreational reading at home, high ratings from students, parents and teachers. Students enjoy borrowing privileges from the Ella Jenkins Lending Library, which has nearly 1,500 volumes that can be checked out and read at home. Participants have read more than 3,330 books since the lending library began seven years ago. School principals and administrators, classroom teachers and parents report improved in-class and at-home academic achievement and social-emotional behavior. Students also see gains on standardized tests where they score ahead of their peers not in Cool Classics! programs. Standardized test results demonstrate improvement in students' reading and vocabulary comprehension, accompanied by their increasingly sophisticated grasp of literature, art and ideas. Cool Classics! began tracking its students' standardized test scores in the 2012-13 school year and participants have almost always outpaced their peers not in the program on the all the standardized tests administered - sometimes by as much as 33 points. Recent highlights include a gain of 28.3 points in reading speed and accuracy among second graders at one school in the 2014-15 school year - nearly double the growth of their peers not in Cool Classics! Third graders at this school also outpaced their peers at a similar rate on the NWEA (Northwest Evaluation Association) test, gaining 8.9 points in contrast to the grade average of 3.7. The year before saw an average of 10.7 points improvement in 2013-14 reading scores by Cool Classics! first graders at one school while their peers lost 10.4 points on the same test. Second graders there increased their scores by 50.2 points while those not in the program improved by just 22.6 points.

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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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IRS990EZ/PrimaryExemptPurposeTxt0Cool Classics! is a book-based, after-school program that uses arts-integrated curricula to improve literacy and reading comprehension while developing critical thinking skills and introducing Chicago public school elementary schools students to a wide range of arts, humanities and cultures. Since 2006 it has introduced more than 858 elementary school children in underserved Chicago communities to the world of ideas. By focusing on close reading, rigorous discussion and deep analysis, a rich learning experience is created for our children that develops core competencies and enriches their understanding of literature, humanities, arts and culture while expanding their vocabulary in an engaging program. Students are held to the highest academic standards and provided with the tools for success.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Cool Classics! was recently honored as one of 12 winners of the 2017 National Arts and Humanities Youth Program Award. The award is given by the NEA, the NEH, and the Institute of Museum and Library Services, in cooperation with the National Assembly of State Arts Agencies. The award recognizes the country's best creative youth development programs for using engagement in the arts and the humanities to generate a wide range of positive outcomes. The awardees - chosen from a pool of 350 nominations and 50 finalists - were also recognized for improving literacy and language abilities, communication and performance skills, and cultural awareness. Among the program's many other accomplishments, Cool Classics! students were honored to record with Ella Jenkins, the internationally known children's singer and musician, in 2009 for Smithsonian Folkways Recordings. That CD, Ella Jenkins: A Life of Song, was recently released in connection with the opening of the Smithsonian National Museum of African American History and Culture. Student outcomes for the program include increased enthusiasm for reading and improved reading skills, improved critical-thinking skills, better reading comprehension and analysis, mastery of vocabulary and literary terms, ability to link the arts and ideas to their own lives, improved analytic skills among older students. Indicators of program success include high average attendance rate of 85% or higher, voluntary engagement in recreational reading at home, high ratings from students, parents and teachers. Students enjoy borrowing privileges from the Ella Jenkins Lending Library, which has nearly 1,500 volumes that can be checked out and read at home. Participants have read more than 3,330 books since the lending library began seven years ago. School principals and administrators, classroom teachers and parents report improved in-class and at-home academic achievement and social-emotional behavior. Students also see gains on standardized tests where they score ahead of their peers not in Cool Classics! programs. Standardized test results demonstrate improvement in students' reading and vocabulary comprehension, accompanied by their increasingly sophisticated grasp of literature, art and ideas. Cool Classics! began tracking its students' standardized test scores in the 2012-13 school year and participants have almost always outpaced their peers not in the program on the all the standardized tests administered - sometimes by as much as 33 points. Recent highlights include a gain of 28.3 points in reading speed and accuracy among second graders at one school in the 2014-15 school year - nearly double the growth of their peers not in Cool Classics! Third graders at this school also outpaced their peers at a similar rate on the NWEA (Northwest Evaluation Association) test, gaining 8.9 points in contrast to the grade average of 3.7. The year before saw an average of 10.7 points improvement in 2013-14 reading scores by Cool Classics! first graders at one school while their peers lost 10.4 points on the same test. Second graders there increased their scores by 50.2 points while those not in the program improved by just 22.6 points.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part III, Line (28-31)
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mara Tapp
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07733274544
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COOL CLASSICS INC
ReturnHeader/Filer/BusinessNameControlTxt0COOL
ReturnHeader/Filer/EIN0261250241
ReturnHeader/Filer/PhoneNum07733274544
ReturnHeader/Filer/USAddress/AddressLine1Txt03712 N Broadway Suite 558
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060613
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.59.160.148
ReturnHeader/ReturnTs02018-01-24T14:57:26-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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