Civic Intelligence

The Phoenix Pact Fund

990 • Fiscal year 2017 • EIN 31-1705330

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

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

0.19x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

10.81x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

2nd percentile

-134%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

45th percentile

$158,898

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 54.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

35th percentile

0.7%

Faster asset growth than 35% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$16,681,350

Up $113,631 (+0.7%) from 2016

Net Assets

Up

$13,541,158

Up $370,928 (+2.8%) from 2016

Liabilities

Down

$3,140,192

Down $257,297 (-7.6%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin2nd percentile

Revenue

Down

$290,555

Down $15,021,525 (-98%) from 2016

Expenses

Down

$681,120

Down $3,221,873 (-83%) from 2016

Net Income

Down

-$390,565

Down $11,799,652 (-103%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2017

Assets$16,681,350
Liabilities$3,140,192
Net Assets$13,541,158
Open 2017 Filing

Operations Trend

Revenue Growth1st 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

2017

Revenue$290,555
Expenses$681,120
Net Income-$390,565
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$2,472,020
Mission and Program Overview

Mission

To grant scholarships to individuals in financial need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,274,731$12,732,960▲ $4,458,229
Pledges and Grants Receivable$7,807,880$3,100,000▼ $4,707,880
Savings and Temporary Cash Investments$471,714$836,255▲ $364,541
Prepaid Expenses and Deferred Charges$13,394$12,135▼ $1,259
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$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$16,567,719$16,681,350▲ $113,631
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,397,489$3,140,192▼ $257,297
Grants Payable$0$0→ $0
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$3,397,489$3,140,192▼ $257,297
Net Assets / Fund Balance
Unrestricted Net Assets$5,362,350$10,441,158▲ $5,078,808
Temporarily Rstr Net Assets$7,807,880$3,100,000▼ $4,707,880
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$13,170,230$13,541,158▲ $370,928
Total Liabilities and Net Assets / Fund Balance$16,567,719$16,681,350▲ $113,631

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,472,960--
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Evan WesterfieldPresident
David PetersonDirector
Jennifer SteansDirector
Robert WieseneckDirector
Christopher KellyExecutive Director
John TimmerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$113,428
Program Service Revenue
$0
Investment Income
$176,657
Other Revenue
$470
All Other Contributions
$113,428
Change in Net Assets
$-390,565

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
Securities Publicly Traded2$32,018Market Price
Total Noncash Contributions2$32,018-

Audited Revenue Reconciliation

Revenue per Audited Statements
$241,086
Revenue Not Reported on Financial Statements
$49,469
Revenue Not Reported on Form 990
$761,493
Other Revenue Adjustments
$3,049
Total Revenue per Audited Statements
$1,002,579
Total Revenue per Form 990
$290,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$681,120
Total Fundraising Expense$18,498
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$135,063$63,759$7,945$206,767
Travel$21,882--$21,882
Office Expenses$950$19,670$950$21,570
Insurance-$3,117-$3,117
Other Expenses$2,592$305$152$3,049
Total Functional Expenses$571,129$91,493$18,498$681,120

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$681,120
Expenses per Audited Statements$631,651
Total Expenses per Audited Statements$631,651
Expenses Not Reported on Financial Statements$49,469
Other Expense Adjustments$3,049
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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 Steanssee supplemental infosee supplemental informationNo$26,376

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
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 members 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, PARV 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
In Care Of
% CHRISTOPHER C KELLY
Phone
3128783764
Address
PO Box 811280, Chicago, IL 60681

Signing Officer

Name
Christopher C Kelly
Title
Executive Director
Phone
3128783764
Signed
2018-05-15
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

Preparer

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

Additional Explanations

Form 990 Part IX Line 11G

“Description:professional services director total fees:158898”

Form 990 Part IX Line 11G

“Description:professional fees total fees:47869”

Financial Statement Notes

Form 990, Schedule D, Part XI, Line 4B

“Foreign tax expense reported on form 990, part ix, line 24d.”

Form 990, Schedule D, Part XII, Line 4B

“Foreign tax expense reported on form 990, part ix, line 24d.”

Raw XML AppendixShowing 400 of 520 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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IRS990/OtherExpensesGrp/TotalAmt114260
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IRS990/PrincipalOfficerNm0CHRISTOPHER C KELLY
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IRS990/PYSalariesCompEmpBnftPaidAmt0125028
IRS990/PYTotalExpensesAmt03902993
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0471714
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0836255
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION CHANGED ITS YEAREND FROM DECEMBER 31 TO JUNE 30 EFFECTIVE JANUARY 1, 2015. THUS, JUNE 30, 2015 INFORMATION IS REPORTED IN PART II, IN THE 2014 COLUMN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt015207091
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt015500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0206790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0126025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015668834
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0203982
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt076846
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032104
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0374058
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0470
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02720
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.15813
IRS990ScheduleA/PublicSupportPY170Pct00.16130
IRS990ScheduleA/PublicSupportTotal170Amt02537290
IRS990ScheduleA/SubstantialContributorsTotAmt013131544
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0206790
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0126025
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015668834
IRS990ScheduleA/TotalSupportAmt016045612
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt046420
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0761493
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IRS990ScheduleD/OtherRevenuesNotIncludedAmt03049
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02638573
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt15039439
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22581988
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt32472960
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON STOCKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EXCHANGE TRADED FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FIXED INCOME
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt049469
IRS990ScheduleD/RevenueSubtotalAmt0241086
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOREIGN TAX EXPENSE REPORTED ON FORM 990, PART IX, LINE 24D.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FOREIGN TAX EXPENSE REPORTED ON FORM 990, PART IX, LINE 24D.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE D, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueSecuritiesAmt012732960
IRS990ScheduleD/TotalExpensesPerForm990Amt0681120
IRS990ScheduleD/TotalRevenuePerForm990Amt0290555
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01002579
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0631651
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTOPHER KELLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0158898
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JENNIFER STEANS

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$16,681,350
Liabilities
$3,140,192
Net assets
$13,541,158
Revenue
$290,555
Expenses
$681,120
Net income
-$390,565
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
2017Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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