Civic Intelligence

Chicago Fashion Development Nfp

990 • Fiscal year 2017 • EIN 26-1889713

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 04, 2018

Organization ProfileN/A
111 N State StChicago, IL 60602

(312) 781-5267

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$51,612

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

85th percentile

55%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

283%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$369,848

Up $131,001 (+55%) from 2016

Net Assets

Up

$369,848

Up $131,001 (+55%) from 2016

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin91st percentile

Revenue

Up

$278,565

Up $205,888 (+283%) from 2016

Expenses

Up

$144,159

Up $3,884 (+2.8%) from 2016

Net Income

Up

$134,406

Up $202,004 (+299%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$600K$400K$200K$0Assets 2014: $333,215Liabilities 2014: $0Net Assets 2014: $333,2152014Assets 2015: $306,445Net Assets 2015: $306,4452015Assets 2016: $238,847Net Assets 2016: $238,8472016Assets 2017: $369,848Liabilities 2017: $0Net Assets 2017: $369,8482017Assets 2018: $361,213Liabilities 2018: $668Net Assets 2018: $360,5452018Assets 2019: $379,630Liabilities 2019: $548Net Assets 2019: $379,0822019Assets 2020: $398,827Liabilities 2020: $500Net Assets 2020: $398,3272020Assets 2021: $433,660Liabilities 2021: $1,641Net Assets 2021: $432,0192021Assets 2022: $472,889Liabilities 2022: $1,775Net Assets 2022: $471,1142022Assets 2023: $513,036Liabilities 2023: $0Net Assets 2023: $513,0362023

Highlighted filing

2017

Assets$369,848
Liabilities$0
Net Assets$369,848
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $273,185Expenses 2014: $105,564Net Income 2014: $167,6212014Revenue 2015: $106,041Expenses 2015: $132,811Net Income 2015: -$26,7702015Revenue 2016: $72,677Expenses 2016: $140,275Net Income 2016: -$67,5982016Revenue 2017: $278,565Expenses 2017: $144,159Net Income 2017: $134,4062017Revenue 2018: $132,024Expenses 2018: $130,431Net Income 2018: $1,5932018Revenue 2019: $132,447Expenses 2019: $114,241Net Income 2019: $18,2062019Revenue 2020: $100,108Expenses 2020: $80,863Net Income 2020: $19,2452020Revenue 2021: $104,050Expenses 2021: $70,358Net Income 2021: $33,6922021Revenue 2022: $105,691Expenses 2022: $66,596Net Income 2022: $39,0952022Revenue 2023: $114,325Expenses 2023: $72,403Net Income 2023: $41,9222023

Highlighted filing

2017

Revenue$278,565
Expenses$144,159
Net Income$134,406
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 4, 2018
Return Version
2017v2.2
Gross Receipts
$278,565
Mission and Program Overview

Mission

To make meaningful economic impact in

To make meaningful economic impact in chicago by giving fashion designers technical product development and business tools and training to create innovative products and launch globally competitive

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$154,847$295,366▲ $140,519
Land, Buildings, and Equipment, Net$84,000$74,482▼ $9,518
Total Assets$238,847$369,848▲ $131,001
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$238,847$369,848▲ $131,001
Total Net Assets Fund Balance$238,847$369,848▲ $131,001
Total Liabilities and Net Assets / Fund Balance$238,847$369,848▲ $131,001

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,739$2,296-
Equipment$4,626$3,051-
Leasehold Improvements$64,117$16,029-
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tonya GrossExecutive DirectorPT$51,612$51,612
Andrea ReyndorsDesigner DirectorPT$22,690$22,690

Board Members and Trustees

NameTitle
Andrea SchwartzPresident
Megan BueschelVice President
Liz KoresDirector
Stacie HartmanDirector
Amy OlsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$254,518
Program Service Revenue
$24,047
Investment Income
$0
Other Revenue
$0
All Other Contributions
$254,518
Change in Net Assets
$134,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$74,302
Other Expenses$67,607
Grants and Similar Amounts Paid$2,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$22,690$51,612$0$74,302
Fees for Services Other$22,298$0$0$22,298
All Other Expenses$7,715$3,512$0$11,227
Depreciation Depletion$10,818$0$0$10,818
Fees for Services Accounting$0$7,859$0$7,859
Advertising$2,023$2,552$0$4,575
Information Technology$3,375$846$0$4,221
Grants to Domestic Individuals$2,250--$2,250
Travel$1,667$506$0$2,173
Office Expenses$222$1,088$0$1,310
Other Expenses$0$480$0$480
Total Functional Expenses$73,543$70,616$0$144,159
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
Yes
Audit committee
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
Yes
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
Yes
Filing and Contact Details

Filer

Filer Name
Chicago Fashion Development
EIN
26-1889713
Phone
3127815267
Address
111 N State St, Chicago, IL 60602
Doing Business As
Chicago Fashion Incubator

Signing Officer

Name
Andrea Schwartz
Title
President
Phone
3127815267
Signed
2018-02-04
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
LBL Financial Services - Chicago
Address
8046 S OGLESBY AVE, CHICAGO, IL 60617
Preparer
Kelly Love
Phone
7732099354
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“Management duties were performed by an executive director. The contract ended in october of 2017. Management duties are performed by abbate group ltd effective november 1, 2017.”

Pt VI, Line 11B

“A copy of the 990 is reviewed by management and board of directors. The board conducts a meeting to approve the 990 form before filing.”

Pt VI, Line 15A

“Compensation of the executive director is determined by the board in comparison to other to compensation offered by similar organizations.”

Form 990, Part IX, Line 24E

“Dues and subscriptions 1255. 955. 300. 0.”

Form 990, Part IX, Line 24E

“Insurance - liability 373. 0. 373. 0.”

Form 990, Part IX, Line 24E

“Licenses and permits 87. 0. 87. 0.”

Form 990, Part IX, Line 24E

“Meals and entertainment 3360. 2462. 898. 0.”

Form 990, Part IX, Line 24E

“Merchant fees 12. 0. 12. 0.”

Form 990, Part IX, Line 24E

“PARKING 116. 0. 116. 0.”

Form 990, Part IX, Line 24E

“POSTAGE 346. 318. 28. 0.”

Form 990, Part IX, Line 24E

“Promotional 204. 204. 0. 0.”

Form 990, Part IX, Line 24E

“Quickbook fees 119. 0. 119. 0.”

Form 990, Part IX, Line 24E

“Repairs and maintenance 275. 275. 0. 0.”

Form 990, Part IX, Line 24E

“SHIPPING 127. 127. 0. 0.”

Form 990, Part IX, Line 24E

“PRINTING 16. 16. 0. 0.”

Form 990, Part IX, Line 24E

“Supplies and materials 3061. 3061. 0. 0.”

Form 990, Part IX, Line 24E

“Telephone 1876. 297. 1579. 0.”

Raw XML Appendix391 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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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02296
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt08035
IRS990ScheduleD/TotalBookValueLandBuildingsAmt074482
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES WERE PERFORMED BY AN EXECUTIVE DIRECTOR. THE CONTRACT ENDED IN OCTOBER OF 2017. MANAGEMENT DUTIES ARE PERFORMED BY ABBATE GROUP LTD EFFECTIVE NOVEMBER 1, 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS REVIEWED BY MANAGEMENT AND BOARD OF DIRECTORS. THE BOARD CONDUCTS A MEETING TO APPROVE THE 990 FORM BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD IN COMPARISON TO OTHER TO COMPENSATION OFFERED BY SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES AND SUBSCRIPTIONS 1255. 955. 300. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSURANCE - LIABILITY 373. 0. 373. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LICENSES AND PERMITS 87. 0. 87. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MEALS AND ENTERTAINMENT 3360. 2462. 898. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MERCHANT FEES 12. 0. 12. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PARKING 116. 0. 116. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9POSTAGE 346. 318. 28. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PROMOTIONAL 204. 204. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11QUICKBOOK FEES 119. 0. 119. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12REPAIRS AND MAINTENANCE 275. 275. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SHIPPING 127. 127. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14PRINTING 16. 16. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15SUPPLIES AND MATERIALS 3061. 3061. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16TELEPHONE 1876. 297. 1579. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0238847
IRS990/TotalAssetsEOYAmt0369848
IRS990/TotalAssetsGrp/BOYAmt0238847
IRS990/TotalAssetsGrp/EOYAmt0369848
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0254518
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt070616
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt073543
IRS990/TotalFunctionalExpensesGrp/TotalAmt0144159
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0238847
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0369848
IRS990/TotalProgramServiceExpensesAmt073543
IRS990/TotalProgramServiceRevenueAmt024047
IRS990/TotalReportableCompFromOrgAmt074302
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024047
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0278565
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0238847
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0369848
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0506
IRS990/TravelGrp/ProgramServicesAmt01667
IRS990/TravelGrp/TotalAmt02173
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0238847
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0369848
IRS990/USAddress/AddressLine1Txt0111 N STATE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060602
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA SCHWARTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03127815267
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Chicago Fashion Development
ReturnHeader/Filer/BusinessNameControlTxt0CHIC
ReturnHeader/Filer/EIN0261889713
ReturnHeader/Filer/PhoneNum03127815267
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 N State St
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060602
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04B46C1C4259FA1C08812CFC18117052B3A61978B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04B46C1C4259FA1C08812CFC18117052B3A61978B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.126.241.110
ReturnHeader/FilingSecurityInformation/IPDt02018-05-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm021:41:56
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LBL Financial Services - Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08046 S OGLESBY AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060617
ReturnHeader/PreparerPersonGrp/PhoneNum07732099354
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KELLY LOVE
ReturnHeader/ReturnTs02018-05-29T21:41:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$369,848
Liabilities
$0
Net assets
$369,848
Revenue
$278,565
Expenses
$144,159
Net income
$134,406
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$5.13$0.00$5.13$1.14$0.72$0.42
2022Detailed filing. Detailed filing data is available for this year.$4.73$0.02$4.71$1.06$0.67$0.39
2021Detailed filing. Detailed filing data is available for this year.$4.34$0.02$4.32$1.04$0.70$0.34
2020Detailed filing. Detailed filing data is available for this year.$3.99$0.01$3.98$1.00$0.81$0.19
2019Detailed filing. Detailed filing data is available for this year.$3.80$0.01$3.79$1.32$1.14$0.18
2018Detailed filing. Detailed filing data is available for this year.$3.61$0.01$3.61$1.32$1.30$0.02
2017Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$2.79$1.44$1.34
2016Detailed filing. Detailed filing data is available for this year.$2.39$2.39$0.73$1.40$0.68
2015Detailed filing. Detailed filing data is available for this year.$3.06$3.06$1.06$1.33$0.27
2014Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$2.73$1.06$1.68