Civic Intelligence

Driehaus Design Initiative

990 • Fiscal year 2014 • EIN 27-1694951

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 15, 2015

25 East Erie StreetChicago, IL 60611

(312) 932-8679

Siviq Scores

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

Liabilities / Assets

89th percentile

0.76x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

66th percentile

0.13x

Higher debt load relative to revenue than 66% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

30th percentile

-3.5%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

$81,735

No earlier filing loaded for comparison.

Net Assets

$19,327

No earlier filing loaded for comparison.

Liabilities

$62,408

No earlier filing loaded for comparison.

Revenue

$480,406

No earlier filing loaded for comparison.

Expenses

$497,375

No earlier filing loaded for comparison.

Net Income

-$16,969

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $81,735Liabilities 2014: $62,408Net Assets 2014: $19,3272014Assets 2015: $38,259Liabilities 2015: $9,645Net Assets 2015: $28,6142015Assets 2016: $298,816Liabilities 2016: $143,419Net Assets 2016: $155,3972016Assets 2017: $66,737Liabilities 2017: $34,922Net Assets 2017: $31,8152017Assets 2018: $74,387Liabilities 2018: $26,819Net Assets 2018: $47,5682018Assets 2019: $239,240Liabilities 2019: $10,961Net Assets 2019: $228,2792019Assets 2020: $332,854Liabilities 2020: $142,043Net Assets 2020: $190,8112020Assets 2021: $5,158,093Liabilities 2021: $985Net Assets 2021: $5,157,1082021Assets 2022: $4,892,162Liabilities 2022: $0Net Assets 2022: $4,892,1622022Assets 2023: $5,393,204Liabilities 2023: $5,095Net Assets 2023: $5,388,1082023Assets 2024: $5,705,191Liabilities 2024: $7,093Net Assets 2024: $5,698,0982024

Highlighted filing

2014

Assets$81,735
Liabilities$62,408
Net Assets$19,327

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $480,406Expenses 2014: $497,375Net Income 2014: -$16,9692014Revenue 2015: $497,059Expenses 2015: $487,772Net Income 2015: $9,2872015Revenue 2016: $635,933Expenses 2016: $509,150Net Income 2016: $126,7832016Revenue 2017: $461,287Expenses 2017: $584,869Net Income 2017: -$123,5822017Revenue 2018: $530,489Expenses 2018: $514,736Net Income 2018: $15,7532018Revenue 2019: $782,592Expenses 2019: $601,881Net Income 2019: $180,7112019Revenue 2020: $311,281Expenses 2020: $348,749Net Income 2020: -$37,4682020Revenue 2021: $5,000,022Expenses 2021: $33,725Net Income 2021: $4,966,2972021Revenue 2022: $80,458Expenses 2022: $173,208Net Income 2022: -$92,7502022Revenue 2023: $156,780Expenses 2023: $183,534Net Income 2023: -$26,7542023Revenue 2024: $273,819Expenses 2024: $411,464Net Income 2024: -$137,6452024

Highlighted filing

2014

Revenue$480,406
Expenses$497,375
Net Income-$16,969
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$501,871
Mission and Program Overview

Mission

To promote and encourage design education and to foster public appreciation and understanding of all aspects of design, including fashion design, visual arts, structural design and the history of design, in the furtherance of an educational purpose.

To promote and encourage design education and history. and history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$24,212$48,294▲ $24,082
Prepaid Expenses and Deferred Charges$5,499$27,863▲ $22,364
Land, Buildings, and Equipment, Net$7,629$3,610▼ $4,019
Accounts Receivable$0$1,968▲ $1,968
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$37,340$81,735▲ $44,395
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,044$37,408▲ $36,364
Grants Payable$0$25,000▲ $25,000
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,044$62,408▲ $61,364
Net Assets / Fund Balance
Unrestricted Net Assets$36,296$19,327▼ $16,969
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$36,296$19,327▼ $16,969
Total Liabilities and Net Assets / Fund Balance$37,340$81,735▲ $44,395

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,610$17,352$20,962
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard H DriehausPresident & Director
Tracey TarantinoDirector
Melissa GambleTREASURer,SECRETARY & DIRECTOR
Revenue and Support

Revenue Composition

Contributions and Grants
$319,842
Program Service Revenue
$161,526
Investment Income
$3
Other Revenue
$-965
All Other Contributions
$319,842
Change in Net Assets
$-16,969

Audited Revenue Reconciliation

Revenue per Audited Statements
$480,406
Revenue Not Reported on Form 990
$62,750
Total Revenue per Audited Statements
$543,156
Total Revenue per Form 990
$480,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,375
Grants and Similar Amounts Paid$177,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$155,000--$155,000
Other Expenses$14,827$17,653-$32,480
Grants to Domestic Individuals$22,000--$22,000
Fees for Services Accounting-$14,431-$14,431
Depreciation Depletion-$4,019-$4,019
Office Expenses$2,776--$2,776
Insurance-$1,533-$1,533
Fees for Services Legal-$712-$712
Total Functional Expenses$459,027$38,348$0$497,375

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$560,125
Expenses per Audited Statements$497,375
Total Expenses per Form 990$497,375
Expenses Not Reported on Form 990$62,750
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Columbia College ChicagoChicago, IL501(c)(3)Funding and Support$45,000
The Chicago Fashion IncubatorChicago, IL501(c)(3)Funding and Support$30,000
The Illinois Institute of Art - ChicagoChicago, IL501(c)(3)Funding and support$30,000
Dominican UniversityRiver Forest, IL501(c)(3)Funding and support$25,000
School of the Art Institute of ChicagoChicago, IL501(c)(3)Funding and support$25,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,465
Fundraising Gross Income$20,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$20,500$-965-$-965
Total Events$20,500$-965-$-965
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

Management duties were performed by driehaus enterprise management, inc.

FORM 990, PART VI, SECTION B, LINE 11:

Copies of form 990 are distributed to the officers and directors prior to filing.

FORM 990, PART VI, SECTION C, LINE 19:

All public documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Driehaus Design Initiative
EIN
27-1694951
In Care Of
% TRACEY TARANTINO
Phone
3129328679
Address
25 East Erie Street, Chicago, IL 60611

Signing Officer

Name
richard h driehaus
Title
Officer
Phone
3129328679
Signed
2015-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard H Driehaus
Formed
2010
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
1
Employees
0
Volunteers
3

Preparer

Firm
Miller Cooper & Co Ltd
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015
Preparer
Daphne McCoy
Phone
8472055000
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

Fin 48 (asc 740) footnote: gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the organization, and has concldued that as of december 31, 2014 and 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress. Management believes it is no longer subject to income tax examinations prior to 2011.

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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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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt048294
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0325102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0311055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0228710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0338955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01620597
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt096
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0268308
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportTotal170Amt0556941
IRS990ScheduleA/SubstantialContributorsTotAmt01063656
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0416775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0325102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0311055
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0228710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0338955
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01620597
IRS990ScheduleA/TotalSupportAmt01620693
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt062750
IRS990ScheduleD/DonatedServicesUseFcltsAmt062750
IRS990ScheduleD/ExpensesNotReportedAmt062750
IRS990ScheduleD/ExpensesSubtotalAmt0497375
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03610
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017352
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020962
IRS990ScheduleD/RevenueNotReportedAmt062750
IRS990ScheduleD/RevenueSubtotalAmt0480406
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740) FOOTNOTE: GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLDUED THAT AS OF DECEMBER 31, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03610
IRS990ScheduleD/TotalExpensesPerForm990Amt0497375
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0480406
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0543156
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0560125
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt021465
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt021465
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt020500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0-965
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0-965
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-965
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt022000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Awards for Fashion Design Education
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
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IRS990ScheduleI/RecipientTable/CashGrantAmt145000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt325000
IRS990ScheduleI/RecipientTable/CashGrantAmt430000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Funding and Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Funding and Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Funding and support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Funding and support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Funding and support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Chicago Fashion Incubator
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Columbia College Chicago
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2School of the Art Institute of Chicago
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Dominican University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4The Illinois Institute of Art - Chicago
IRS990ScheduleI/RecipientTable/RecipientEIN0261889713
IRS990ScheduleI/RecipientTable/RecipientEIN1430655867
IRS990ScheduleI/RecipientTable/RecipientEIN2362167725
IRS990ScheduleI/RecipientTable/RecipientEIN3362167855
IRS990ScheduleI/RecipientTable/RecipientEIN4362167725
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0111 North State Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1600 S Michigan Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt236 S Wabash Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt37900 W Division St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4111 S Michigan Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chicago
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Chicago
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Chicago
IRS990ScheduleI/RecipientTable/USAddress/CityNm3River Forest
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Chicago
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4IL
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd260603
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IRS990ScheduleI/Total501c3OrgCnt05
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES WERE PERFORMED BY DRIEHAUS ENTERPRISE MANAGEMENT, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF FORM 990 ARE DISTRIBUTED TO THE OFFICERS AND DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19:
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false

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