Civic Intelligence

Cool Classics Inc.

990EZ • Fiscal year 2022 • EIN 26-1250241

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 20, 2022

3712 N BroadwayChicago, IL 60613

(773) 344-6098

Siviq Scores

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

Liabilities / Assets

84th percentile

0.21x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

0.35x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

11th percentile

-47%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

90th percentile

$39,500

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 106.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

Up

$62,587

Up $50,090 (+401%) from 2017

Net Assets

Up

$49,673

Up $46,574 (+1503%) from 2017

Liabilities

Up

$12,914

Up $3,516 (+37%) from 2017

Revenue

Down

$37,245

Down $19,132 (-34%) from 2017

Expenses

Up

$54,740

Up $156 (+0.3%) from 2017

Net Income

Down

-$17,495

Down $19,288 (-1076%) from 2017

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

2022

Assets$62,587
Liabilities$12,914
Net Assets$49,673

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

2022

Revenue$37,245
Expenses$54,740
Net Income-$17,495
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 20, 2022
Return Version
2021v4.0
Gross Receipts
$37,245
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 nationally recognized book-based, after-school program that uses arts-integrated, diversity-driven 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.

Program Services

DescriptionGrantsExpenses
Horace Greeley Elementary School$0$14,728
Reavis Elementary School$0$7,908
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mara TappBoard Secretary And Executive DirectorFT$39,500-$39,500
Amal AminTreasurer-$0--
Mariana CalderonDirector-$0--
Alex WinksDirector-$0--
Filing and Contact Details

Filer

Filer Name
Cool Classics Inc
EIN
26-1250241
Phone
7733446098
Address
3712 N Broadway, Chicago, IL 60613

Signing Officer

Name
Mara Tapp
Title
Executive Director
Phone
7733446098
Signed
2022-12-20
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

PPP Loan Foregiveness

Form 990-EZ, Part I, Line 16

Honoraria, Books, Supplies, Internet, Phone, Field Trips and Travel, Mileage, Insurance

Form 990-EZ, Part II, Line 26

Credit Card Payable - $22, Expense Reimbursement Payable - $1,564, Payroll Taxes Payable and Withheld Payroll Taxes - $11,328

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

Cool Classics! is a nationally recognized, award-winning, book-based, after-school program that uses arts-integrated, diversity-driven curricula to improve literacy and reading comprehension while developing critical thinking skills and introducing Chicago public school elementary school students to a wide range of arts, humanities and cultures. Since 2006 it has introduced more than 1,208 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. Cool Classics! was honored as one of 12 winners of the 2017 National Arts and Humanities Youth Program Award. The award is given by the National Endowment for the Arts, the National Endowment for the Humanities 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 1,600 volumes that can be checked out and read at home. Participants have read more than 5,739 books since the lending library began in the Fall of 2009. They have taken 180 trips to art galleries, libraries, museums, concerts, plays, dance performances, libraries, restaurants, bookstores and more since the 2006 pilot. Students have done 64 performances for their peers, families, teachers and administrators, and created nearly 5,309 artworks, which have been displayed in their schools and local Chicago Public Library branches.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.

Raw XML Appendix205 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PPP Loan Foregiveness
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Honoraria, Books, Supplies, Internet, Phone, Field Trips and Travel, Mileage, Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Credit Card Payable - $22, Expense Reimbursement Payable - $1,564, Payroll Taxes Payable and Withheld Payroll Taxes - $11,328
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Cool Classics! is a nationally recognized, award-winning, book-based, after-school program that uses arts-integrated, diversity-driven curricula to improve literacy and reading comprehension while developing critical thinking skills and introducing Chicago public school elementary school students to a wide range of arts, humanities and cultures. Since 2006 it has introduced more than 1,208 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. Cool Classics! was honored as one of 12 winners of the 2017 National Arts and Humanities Youth Program Award. The award is given by the National Endowment for the Arts, the National Endowment for the Humanities 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 1,600 volumes that can be checked out and read at home. Participants have read more than 5,739 books since the lending library began in the Fall of 2009. They have taken 180 trips to art galleries, libraries, museums, concerts, plays, dance performances, libraries, restaurants, bookstores and more since the 2006 pilot. Students have done 64 performances for their peers, families, teachers and administrators, and created nearly 5,309 artworks, which have been displayed in their schools and local Chicago Public Library branches.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.
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)
ReasonableCauseExplanation/ExplanationTxt0An extension request was mailed to the IRS on November 15, 2022
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ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mara Tapp
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07733446098
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-20
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ReturnHeader/Filer/PhoneNum07733446098
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ReturnHeader/ReturnTs02022-12-20T11:57:46-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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