Civic Intelligence

The Phoenix Pact Fund

990 • Fiscal year 2016 • EIN 31-1705330

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileN/A
PO Box 811280Chicago, IL 60681

(312) 878-3764

Siviq Scores

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

Liabilities / Assets

47th percentile

0.21x

Higher debt load relative to assets than 47% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

0.22x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

98th percentile

126%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2016

Revenue Growth

98th percentile

359%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2016

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$16,567,719

Up $15,123,712 (+1047%) from 2013

Net Assets

Up

$13,170,230

Up $11,850,653 (+898%) from 2013

Liabilities

Up

$3,397,489

Up $3,273,059 (+2630%) from 2013

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin96th percentile

Revenue

Up

$15,312,080

Up $15,153,951 (+9583%) from 2013

Expenses

Up

$3,902,993

Up $3,825,823 (+4958%) from 2013

Net Income

Up

$11,409,087

Up $11,328,128 (+13992%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$30M$20M$10M$0Assets 2013: $1,444,007Liabilities 2013: $124,430Net Assets 2013: $1,319,5772013Assets 2016: $16,567,719Liabilities 2016: $3,397,489Net Assets 2016: $13,170,2302016Assets 2017: $16,681,350Liabilities 2017: $3,140,192Net Assets 2017: $13,541,1582017Assets 2018: $16,412,711Liabilities 2018: $3,837,734Net Assets 2018: $12,574,9772018Assets 2019: $15,530,721Liabilities 2019: $3,822,339Net Assets 2019: $11,708,3822019Assets 2020: $17,085,786Liabilities 2020: $4,303,408Net Assets 2020: $12,782,3782020Assets 2021: $22,425,207Liabilities 2021: $3,925,063Net Assets 2021: $18,500,1442021Assets 2022: $18,427,201Liabilities 2022: $3,709,227Net Assets 2022: $14,717,9742022Assets 2023: $17,702,321Liabilities 2023: $3,109,359Net Assets 2023: $14,592,9622023Assets 2024: $17,511,095Liabilities 2024: $3,110,546Net Assets 2024: $14,400,5492024

Highlighted filing

2016

Assets$16,567,719
Liabilities$3,397,489
Net Assets$13,170,230
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $158,129Expenses 2013: $77,170Net Income 2013: $80,9592013Revenue 2016: $15,312,080Expenses 2016: $3,902,993Net Income 2016: $11,409,0872016Revenue 2017: $290,555Expenses 2017: $681,120Net Income 2017: -$390,5652017Revenue 2018: $661,263Expenses 2018: $1,923,275Net Income 2018: -$1,262,0122018Revenue 2019: $256,244Expenses 2019: $1,852,598Net Income 2019: -$1,596,3542019Revenue 2020: $4,209,169Expenses 2020: $2,649,203Net Income 2020: $1,559,9662020Revenue 2021: $4,533,654Expenses 2021: $1,525,307Net Income 2021: $3,008,3472021Revenue 2022: $1,476,076Expenses 2022: $2,249,664Net Income 2022: -$773,5882022Revenue 2023: $1,062,641Expenses 2023: $1,764,360Net Income 2023: -$701,7192023Revenue 2024: $598,993Expenses 2024: $2,231,564Net Income 2024: -$1,632,5712024

Highlighted filing

2016

Revenue$15,312,080
Expenses$3,902,993
Net Income$11,409,087
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$15,312,080
Mission and Program Overview

Mission

To grant scholarships to individuals in financial need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,459,596$8,274,731▲ $6,815,135
Pledges and Grants Receivable-$7,807,880-
Savings and Temporary Cash Investments$192,645$471,714▲ $279,069
Prepaid Expenses and Deferred Charges-$13,394-
Total Assets$1,652,241$16,567,719▲ $14,915,478
Liabilities
Accounts Payable and Accrued Expenses-$3,397,489-
Total Liabilities$0$3,397,489▲ $3,397,489
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$7,807,880-
Unrestricted Net Assets$1,652,241$5,362,350▲ $3,710,109
Total Net Assets Fund Balance$1,652,241$13,170,230▲ $11,517,989
Total Liabilities and Net Assets / Fund Balance$1,652,241$16,567,719▲ $14,915,478

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$8,274,731--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Evan WesterfieldPresident
David PetersonDirector
Jennifer SteansDirector
Robert WieseneckDirector
John TimmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,200,091
Program Service Revenue
$0
Investment Income
$111,989
Other Revenue
$0
All Other Contributions
$15,200,091
Change in Net Assets
$11,409,087

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$7,807,880Actual Amount
Securities Publicly Traded3$2,795,320Market Price
Total Noncash Contributions8$10,603,200-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,312,080
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$108,902
Total Revenue per Audited Statements
$15,420,982
Total Revenue per Form 990
$15,312,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,777,965
Salaries, Compensation, and Employee Benefits$125,028
Total Fundraising Expense$5,756
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$125,028-$125,028
Insurance-$22,714-$22,714
All Other Expenses-$16,793$5,756$22,549
Fees for Services Accounting-$18,974-$18,974
Other Expenses$65,383$16,449-$16,449
Advertising-$1,473-$1,473
Fees for Services Legal-$51-$51
Total Functional Expenses$3,678,984$218,253$5,756$3,902,993

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,902,993
Total Expenses per Audited Statements$3,902,993
Total Expenses per Form 990$3,902,993
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jennifer SteansSister Serves on North Lawndale College Prep BoardTaxpayer Paid Rent to and Received Office Services From North Lawndale College PrepNo$12,876
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“An electronic version of the final version of the return is emailed to the board members before the return is actually filed. Board member are encouraged to review the return before it was filed.”

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

“The officers and directors complete a potential conflict report which is updated regularly.”

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

“Board reviews potential conflicts and policy on a regular basis”

Form 990, Part VI, Section C, Line 19

“The organization has its governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Phoenix Pact Fund
EIN
31-1705330
Phone
3128783764
Address
PO BOX 811280, CHICAGO, IL 60681

Signing Officer

Name
Christopher C Kelly
Title
Executive Director
Phone
3128783764
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher C Kelly
Formed
2000
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Kessler Orlean Silver & Co Pc
Address
1101 LAKE COOK ROAD SUITE C, DEERFIELD, IL 60015
Preparer
Scott M Elesh
Phone
8475804100
Raw XML Appendix372 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SISTER SERVES ON NORTH LAWNDALE COLLEGE PREP BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012876
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TAXPAYER PAID RENT TO AND RECEIVED OFFICE SERVICES FROM NORTH LAWNDALE COLLEGE PREP
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt05
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PLEDGES RECEIVABLE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0ACTUAL AMOUNT
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt07807880
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0MARKET PRICE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt02795320
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN ELECTRONIC VERSION OF THE FINAL VERSION OF THE RETURN IS EMAILED TO THE BOARD MEMBERS BEFORE THE RETURN IS ACTUALLY FILED. BOARD MEMBER ARE ENCOURAGED TO REVIEW THE RETURN BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS AND DIRECTORS COMPLETE A POTENTIAL CONFLICT REPORT WHICH IS UPDATED REGULARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWS POTENTIAL CONFLICTS AND POLICY ON A REGULAR BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07807880
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01652241
IRS990/TotalAssetsEOYAmt016567719
IRS990/TotalAssetsGrp/BOYAmt01652241
IRS990/TotalAssetsGrp/EOYAmt016567719
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt015200091
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05756
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0218253
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03678984
IRS990/TotalFunctionalExpensesGrp/TotalAmt03902993
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt03397489
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03397489
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01652241
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013170230
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03678984
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt076846
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt035143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015312080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01652241
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016567719
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01652241
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05362350
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 811280
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060681
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER C KELLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03128783764
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PHOENIX PACT FUND
ReturnHeader/Filer/BusinessNameControlTxt0PHOE
ReturnHeader/Filer/EIN0311705330
ReturnHeader/Filer/PhoneNum03128783764
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 811280
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060681
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363117333
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KESSLER ORLEAN SILVER & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01101 LAKE COOK ROAD SUITE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DEERFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08475804100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT M ELESH
ReturnHeader/ReturnTs02017-05-11T10:55:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,567,719
Liabilities
$3,397,489
Net assets
$13,170,230
Revenue
$15,312,080
Expenses
$3,902,993
Net income
$11,409,087
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$3.11$14.4$0.60$2.23$1.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$3.11$14.6$1.06$1.76$0.70
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$3.71$14.7$1.48$2.25$0.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$3.93$18.5$4.53$1.53$3.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$4.30$12.8$4.21$2.65$1.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$3.82$11.7$0.26$1.85$1.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$3.84$12.6$0.66$1.92$1.26
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$3.14$13.5$0.29$0.68$0.39
2016Detailed filing. Detailed filing data is available for this year.$16.6$3.40$13.2$15.3$3.90$11.4
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.12$1.32$0.16$0.08$0.08