Civic Intelligence

Usher III Initiative Inc.

990 • Fiscal year 2020 • EIN 27-2523450

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 29, 2021

Organization ProfileWWW.USHERIII.ORG
191 N Wacker Drive No 1790Chicago, IL 60606

(312) 896-2509

Siviq Scores

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

Liabilities / Assets

48th percentile

0.09x

Higher debt load relative to assets than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.06x

Higher debt load relative to revenue than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

45th percentile

3.2%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

31st percentile

-0.2%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

27%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$651,795

Down $1,222 (-0.2%) from 2019

Net Assets

Up

$595,795

Up $31,972 (+5.7%) from 2019

Liabilities

Down

$56,000

Down $33,194 (-37%) from 2019

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin45th percentile

Revenue

Up

$999,354

Up $210,894 (+27%) from 2019

Expenses

Up

$967,382

Up $128,863 (+15%) from 2019

Net Income

Up

$31,972

Up $82,031 (+164%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$3.0M$2.0M$1.0M$0Assets 2017: $477,453Liabilities 2017: $67,264Net Assets 2017: $410,1892017Assets 2018: $675,782Liabilities 2018: $61,900Net Assets 2018: $613,8822018Assets 2019: $653,017Liabilities 2019: $89,194Net Assets 2019: $563,8232019Assets 2020: $651,795Liabilities 2020: $56,000Net Assets 2020: $595,7952020Assets 2021: $1,337,377Liabilities 2021: $222,693Net Assets 2021: $1,114,6842021Assets 2022: $2,080,401Liabilities 2022: $118,224Net Assets 2022: $1,962,1772022Assets 2023: $2,136,014Liabilities 2023: $31,931Net Assets 2023: $2,104,0832023Assets 2024: $2,787,543Liabilities 2024: $134,607Net Assets 2024: $2,652,9362024

Highlighted filing

2020

Assets$651,795
Liabilities$56,000
Net Assets$595,795
Open 2020 Filing

Operations Trend

Revenue Growth79th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $331,406Expenses 2017: $701,513Net Income 2017: -$370,1072017Revenue 2018: $770,845Expenses 2018: $567,152Net Income 2018: $203,6932018Revenue 2019: $788,460Expenses 2019: $838,519Net Income 2019: -$50,0592019Revenue 2020: $999,354Expenses 2020: $967,382Net Income 2020: $31,9722020Revenue 2021: $2,469,529Expenses 2021: $1,950,640Net Income 2021: $518,8892021Revenue 2022: $1,771,984Expenses 2022: $924,491Net Income 2022: $847,4932022Revenue 2023: $874,408Expenses 2023: $732,502Net Income 2023: $141,9062023Revenue 2024: $1,421,660Expenses 2024: $872,807Net Income 2024: $548,8532024

Highlighted filing

2020

Revenue$999,354
Expenses$967,382
Net Income$31,972
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$1,345,234
Mission and Program Overview

Mission

To achieve its goal of developing a treatment to slow or reverse the vision loss associated with usher iii, the initiative has pursued an approach that focuses on small molecule chaperone therapy.

To identify therapies, treatments and a cure for usher syndrome type iii.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$590,959$451,795▼ $139,164
Accounts Receivable$50,000--
Prepaid Expenses and Deferred Charges$12,058--
Total Assets$653,017$651,795▼ $1,222
Other Assets Total$0$200,000▲ $200,000
Liabilities
Accounts Payable and Accrued Expenses$89,194$56,000▼ $33,194
Total Liabilities$89,194$56,000▼ $33,194
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$563,823$595,795▲ $31,972
Total Net Assets Fund Balance$563,823$595,795▲ $31,972
Total Liabilities and Net Assets / Fund Balance$653,017$651,795▼ $1,222

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$200,000--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Cynthia EldenPresident
Dr David SapersteinDirector
Dr Julia HayesDirector
Dr Paul Sternberg JrDirector
James C MurrayDirector
Mark AckermannDirector
Michael KrainesDirector
Alicia DerrahTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tracey L FletcherLegal Services22875 OWENS CT, Mundelein, IL 60060$116,300
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,969
Program Service Revenue
$0
Investment Income
$-1,615
Other Revenue
$0
All Other Contributions
$1,000,969
Change in Net Assets
$31,972

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$345,880Fair Market Value (FMV)
Works of Art3$280,000Fair Market Value (FMV)
Total Noncash Contributions4$625,880-

Audited Revenue Reconciliation

Revenue per Audited Statements
$999,354
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$178,094
Total Revenue per Audited Statements
$1,177,448
Total Revenue per Form 990
$999,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$967,382
Total Fundraising Expense$4,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$782,159$22,016-$804,175
Fees for Services Legal$123,306$20,921-$144,227
Fees for Services Accounting$7,695$1,305-$9,000
Office Expenses$354$353$3,123$3,830
Travel$2,554--$2,554
Other Expenses-$420$1,339$420
Total Functional Expenses$916,068$46,852$4,462$967,382

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,145,476
Expenses per Audited Statements$967,382
Total Expenses per Form 990$967,382
Expenses Not Reported on Form 990$178,094
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$472,702

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesMedical Research00$472,702
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members. Members are gail elden, cindy elden, and tom elden.”

Form 990, Part VI, Section A, Line 7A

“Members have the power to elect the governing board, and the power to remove directors.”

Form 990, Part VI, Section A, Line 7B

“Any amendments to the bylaws must be approved by both the members and directors.”

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

“Form 990 is reviewed by the treasurer. A copy is provided to all board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“To ensure the organization operates in a manner consistent with its charitable purpose and does not engage in activities that could jeopardize its tax exempt status, periodic reviews shall be conducted to determine whether 1.) compensation agreements and benefits are reasonable, and that 2.) all officers and directors file annual conflicts statements that is reviewed by the treasurer and legal counsel and, if required, escalated to the board for review.”

Form 990, Part VI, Section C, Line 18

“Copies of forms 990 and 1023 are available upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Usher Iii Initiative Inc
EIN
27-2523450
Phone
3128962509
Address
191 N WACKER DRIVE NO 1790, CHICAGO, IL 60606

Signing Officer

Name
Cynthia Elden
Title
President
Phone
3128962509
Signed
2021-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Elden
Formed
2010
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Sassetti LLC
Address
6611 W NORTH AVENUE, OAK PARK, IL 60302
Preparer
Jeff Schroeder
Phone
7083861433
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other: program service expenses 103,545. Management and general expenses 22,016. Fundraising expenses 0. Total expenses 125,561. Medical research: program service expenses 678,614. Management and general expenses 0. Fundraising expenses 0. Total expenses 678,614.”

Raw XML AppendixShowing 400 of 423 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt089194
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt056000
IRS990/AccountsReceivableGrp/BOYAmt050000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO IDENTIFY THERAPIES, TREATMENTS AND A CURE FOR USHER SYNDROME TYPE III.
IRS990/AllOtherContributionsAmt01000969
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ALICIA DERRAH
IRS990/BooksInCareOfDetail/PhoneNum03128962509
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0191 N WACKER DRIVE NO 1790
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060606
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0590959
IRS990/CashNonInterestBearingGrp/EOYAmt0451795
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0116300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt022875 OWENS CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0MUNDELEIN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060060
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0TRACEY L FLETCHER
IRS990/ContractorCompensationGrp/ServicesDesc0LEGAL SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01000969
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-1615
IRS990/CYOtherExpensesAmt0967382
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt031972
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0967382
IRS990/CYTotalFundraisingExpenseAmt04462
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0999354
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd01
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0CONTINUE DEVELOPMENT OF LEAD DRUG COMPOUND TO TREAT USHER SYNDROME TYPE 3, INCLUDING RESEARCH, PRE-CLINICAL SAFETY STUDIES AND MANUFACTURING.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0678614
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01305
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt07695
IRS990/FeesForServicesAccountingGrp/TotalAmt09000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt020921
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0123306
IRS990/FeesForServicesLegalGrp/TotalAmt0144227
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt022016
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0782159
IRS990/FeesForServicesOtherGrp/TotalAmt0804175
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282FiledCnt01
IRS990/Form8282PropertyDisposedOfInd01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt06.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt76.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0CYNTHIA ELDEN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK ACKERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm2DR JULIA HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES C MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm4DR DAVID SAPERSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL KRAINES
IRS990/Form990PartVIISectionAGrp/PersonNm6DR PAUL STERNBERG JR
IRS990/Form990PartVIISectionAGrp/PersonNm7ALICIA DERRAH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-1615
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0344265
IRS990/GrossReceiptsAmt01345234
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0345880
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ACHIEVE ITS GOAL OF DEVELOPING A TREATMENT TO SLOW OR REVERSE THE VISION LOSS ASSOCIATED WITH USHER III, THE INITIATIVE HAS PURSUED AN APPROACH THAT FOCUSES ON SMALL MOLECULE CHAPERONE THERAPY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0563823
IRS990/NetAssetsOrFundBalancesEOYAmt0595795
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1615
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1615
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0563823
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0595795
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0625880
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03123
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0353
IRS990/OfficeExpensesGrp/ProgramServicesAmt0354
IRS990/OfficeExpensesGrp/TotalAmt03830
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0200000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2REGISTRATION FEES
IRS990/OtherExpensesGrp/FundraisingAmt01339
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01837
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1420
IRS990/OtherExpensesGrp/TotalAmt01837
IRS990/OtherExpensesGrp/TotalAmt11339
IRS990/OtherExpensesGrp/TotalAmt2420
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012058
IRS990/PrincipalOfficerNm0CYNTHIA ELDEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0OTHER PROGRAM EXPENSES INCLUDING OVERSIGHT, ADMINISTRATION, EVALUATION AND PATENT REGISTRATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0237454
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0788460
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0838519
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-50059
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0838519
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0788460
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt031972
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0PART II, SECTION C, LINE 17A. FACTS AND CIRCUMSTANCES TEST:THROUGHOUT ITS EXISTENCE, THE ORGANIZATION HAS SOLICITED PUBLIC FUNDING, BOTH THROUGH PERSONAL OUTREACH AND ITS PUBLICLY AVAILABLE WEBSITE. WHILE THE ORGANIZATION HAS RECEIVED A LARGE AMOUNT OF FUNDING FROM ONE PARTICULAR GROUP, IT STILL RECEIVED DONATIONS ANNUALLY FROM NUMEROUS INDIVIDUALS, CORPORATIONS AND FOUNDATIONS. THESE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS ARE NOT RELATED TO THE FOUNDATION PROVIDING THE LARGEST AMOUNT OF FUNDING. THE ORGANIZATION'S 2020 PUBLIC FUNDING RATE OF APPROXIMATELY 26% EXCEEDS THE 10% FACTS AND CIRCUMSTANCES TEST.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01000969
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0788460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0770845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0331406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0314844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03206524
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.26210
IRS990ScheduleA/PublicSupportPY170Pct00.23720
IRS990ScheduleA/PublicSupportTotal170Amt0840424
IRS990ScheduleA/SubstantialContributorsTotAmt02366100
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01000969
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0788460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0770845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0331406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0314844
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03206524
IRS990ScheduleA/TotalSupportAmt03206524
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0178094
IRS990ScheduleD/DonatedServicesUseFcltsAmt0178094
IRS990ScheduleD/ExpensesNotReportedAmt0178094
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0967382
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0200000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DONATED ARTWORK AT APPRAISED VALUE
IRS990ScheduleD/RevenueNotReportedAmt0178094
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0999354
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0200000
IRS990ScheduleD/TotalExpensesPerForm990Amt0967382
IRS990ScheduleD/TotalRevenuePerForm990Amt0999354
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01177448
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01145476
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0472702
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MEDICAL RESEARCH
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0472702
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0472702
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0345880
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES SOTHEBYS TO SELL DONATED ART.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990ScheduleM/WorksOfArtGrp/ContributionCnt03
IRS990ScheduleM/WorksOfArtGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/WorksOfArtGrp/NonCashCheckboxInd0X
IRS990ScheduleM/WorksOfArtGrp/NoncashContributionsRptF990Amt0280000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. MEMBERS ARE GAIL ELDEN, CINDY ELDEN, AND TOM ELDEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS HAVE THE POWER TO ELECT THE GOVERNING BOARD, AND THE POWER TO REMOVE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY AMENDMENTS TO THE BYLAWS MUST BE APPROVED BY BOTH THE MEMBERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE TREASURER. A COPY IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSE AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED TO DETERMINE WHETHER 1.) COMPENSATION AGREEMENTS AND BENEFITS ARE REASONABLE, AND THAT 2.) ALL OFFICERS AND DIRECTORS FILE ANNUAL CONFLICTS STATEMENTS THAT IS REVIEWED BY THE TREASURER AND LEGAL COUNSEL AND, IF REQUIRED, ESCALATED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COPIES OF FORMS 990 AND 1023 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER: PROGRAM SERVICE EXPENSES 103,545. MANAGEMENT AND GENERAL EXPENSES 22,016. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,561. MEDICAL RESEARCH: PROGRAM SERVICE EXPENSES 678,614. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 678,614.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0653017
IRS990/TotalAssetsEOYAmt0651795
IRS990/TotalAssetsGrp/BOYAmt0653017
IRS990/TotalAssetsGrp/EOYAmt0651795
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01000969
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04462
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046852
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0916068
IRS990/TotalFunctionalExpensesGrp/TotalAmt0967382
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt089194
IRS990/TotalLiabilitiesEOYAmt056000
IRS990/TotalLiabilitiesGrp/BOYAmt089194
IRS990/TotalLiabilitiesGrp/EOYAmt056000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0563823
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0595795
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0916068
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-1615
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0999354
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0653017
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0651795
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02554
IRS990/TravelGrp/TotalAmt02554
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0191 N WACKER DRIVE NO 1790
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060606
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.USHERIII.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CYNTHIA ELDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03128962509
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0USHER III INITIATIVE INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$651,795
Liabilities
$56,000
Net assets
$595,795
Revenue
$999,354
Expenses
$967,382
Net income
$31,972
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.13$2.65$1.42$0.87$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.03$2.10$0.87$0.73$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.12$1.96$1.77$0.92$0.85
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.22$1.11$2.47$1.95$0.52
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.06$0.60$1.00$0.97$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.09$0.56$0.79$0.84$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.06$0.61$0.77$0.57$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.07$0.41$0.33$0.70$0.37