Civic Intelligence

Bernie Mac Foundation Inc Co Edward a Williams Treasurer

990 • Fiscal year 2014 • EIN 35-2265899

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 29, 2015

655 W Irving Park Road Room 306Chicago, IL 60613

(773) 348-6019

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.00x

Higher debt load relative to assets than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

1st percentile

-0.00x

Higher debt load relative to revenue than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

5th percentile

-81%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$50,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 38.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k 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

$140,500

No earlier filing loaded for comparison.

Net Assets

$140,692

No earlier filing loaded for comparison.

Liabilities

-$192

No earlier filing loaded for comparison.

Revenue

$130,767

No earlier filing loaded for comparison.

Expenses

$236,988

No earlier filing loaded for comparison.

Net Income

-$106,221

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.

$150K$100K$50K$0-$50KAssets 2014: $140,500Liabilities 2014: -$192Net Assets 2014: $140,6922014Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $23,032Liabilities 2019: $6,500Net Assets 2019: $02019Assets 2020: $37,877Liabilities 2020: $58,800Net Assets 2020: -$20,9232020Assets 2021: $12,445Liabilities 2021: $58,548Net Assets 2021: -$46,1032021Assets 2022: $40,851Liabilities 2022: $58,214Net Assets 2022: -$17,3632022Assets 2023: $16,203Liabilities 2023: $55,298Net Assets 2023: -$39,0952023Assets 2024: $10,930Liabilities 2024: $53,685Net Assets 2024: -$42,7552024

Highlighted filing

2014

Assets$140,500
Liabilities-$192
Net Assets$140,692

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2014: $130,767Expenses 2014: $236,988Net Income 2014: -$106,2212014Revenue 2018: $153,307Expenses 2018: $158,984Net Income 2018: -$5,6772018Revenue 2019: $192,886Expenses 2019: $226,753Net Income 2019: -$33,8672019Revenue 2020: $56,568Expenses 2020: $89,351Net Income 2020: -$32,7832020Revenue 2021: $97,697Expenses 2021: $122,878Net Income 2021: -$25,1812021Revenue 2022: $141,760Expenses 2022: $113,019Net Income 2022: $28,7412022Revenue 2023: $86,584Expenses 2023: $108,316Net Income 2023: -$21,7322023Revenue 2024: $111,909Expenses 2024: $115,570Net Income 2024: -$3,6612024

Highlighted filing

2014

Revenue$130,767
Expenses$236,988
Net Income-$106,221
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 29, 2015
Return Version
2014v5.0
Gross Receipts
$130,767
Mission and Program Overview

Mission

The mission of the Bernie Mac Foundation is to create an endowment of 500,000 for the Bernie Mac Foundation Sarcoidosis Translational Advanced Research STAR Center at the University of Illinois Hospitals in honor of Bernard Jeffrey McCullough.

The mission of the Bernie Mac Foundation is to create an endowment of 500,000 for the Bernie Mac Foundation Sarcoidosis Translational Advanced Research STAR Center at the University of Illinois Hospitals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$203,504$130,846▼ $72,658
Cash and Non-Interest-Bearing Accounts$14,125$6,200▼ $7,925
Savings and Temporary Cash Investments$31,211$3,454▼ $27,757
Total Assets$248,840$140,500▼ $108,340
Liabilities
Accounts Payable and Accrued Expenses$1,951$-192▼ $2,143
Total Liabilities$1,951$-192▼ $2,143
Net Assets / Fund Balance
Unrestricted Net Assets$246,889$140,692▼ $106,197
Total Net Assets Fund Balance$246,889$140,692▼ $106,197
Total Liabilities and Net Assets / Fund Balance$248,840$140,500▼ $108,340
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary Ann GrossettExecutive DirectorFT$50,000$50,000
Cheroni SmithVice President of FinancePT$16,200$16,200

Board Members and Trustees

NameTitle
Rhonda R McCulloughPresident Director
Anthony YoungDirector
Dennis IrvinDirector
Douglas GainesDirector
Manotti JenkinsDirector
Milton E MosesDirector
Maxmillion ElliotSecretary Director
Edward A WilliamsTreasurer Director
Revenue and Support

Revenue Composition

Contributions and Grants
$93,685
Program Service Revenue
$0
Investment Income
$37,082
Other Revenue
$0
All Other Contributions
$93,685
Change in Net Assets
$-106,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,912
Salaries, Compensation, and Employee Benefits$71,326
Grants and Similar Amounts Paid$50,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$25,000$41,200-$66,200
Grants to Domestic Orgs$50,750--$50,750
Fees for Services Legal-$28,609-$28,609
Fees for Service Investment Mgmnt Fees$24,364--$24,364
Fees for Services Accounting-$8,863-$8,863
Office Expenses-$6,178-$6,178
Advertising$6,076--$6,076
Payroll Taxes$1,936$3,190-$5,126
Insurance$4,144--$4,144
Other Expenses$730$542-$730
Occupancy-$438-$438
Interest-$168-$168
Total Functional Expenses$133,400$103,588$0$236,988
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Illinois Star CenterChicago, IL-Research$50,000
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
MaryAnn GrossetFamily MemberSalary as Executive DirectorNo$50,000
-OfficerFees for Financial ServicesNo$22,209
Charoni SmithFamily MemberSalary as EmployeeNo$16,200
-OfficerFees for Legal ServicesNo$13,465
-OfficerFees for Legal ServicesNo$7,194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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 A, Line 2

Rhonda R. McCoullough-Gilmore, President, is the sister of Cheroni H. Smith and member of the Board of Directors since May 17th, 2011. Rhonda R. McCullough-Gilmore, President, is the sister of MaryAnn Grosset, Executive Director.

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

The Form 990 is prepared by Jones Tax Group, Inc., and is emailed to the Treasurer and Director, Edward A. Williams, Rhonda R. McCulloug-Gilmore, President, adn Maxmillion Elliot, Secretary and Assistent General Counsel, on or before its due date and is approved prior to filing.

Form 990, Part VI, Section C, Line 19

On October 1, 2011, the Bernie Mac Foundation, Inc. BMF employed Ms. Charoni Smith as the Vice President of Finance and that information is on the BMF website to comply with the data required in line 19.

Form 990, Part VII, Section A, Line 1A

On April 8, 2014 Joseph D. Ament resigned as Secretary and General Counsel. On July 10, 2014 Cheroni Smith resigned as a member of the Board of Directors and Charles K. Snowden was retained as General Counsel.

Form 990, Part VII, Section A, Line 1A

At the July 10, 2014 meeting, the Board of Directors elected new members of the Board for a three year term as follows Rhonda R. McCullough-Gilmore, Director, Edward A. Wiliams, Director, Maxmillion Elliot, resigned as Director but retained her position as Secretary and Assistant General Counsel, Manoti Jenkins, Director, Milton Moses, Director, Douglas Gaines Director, Dennis Irvin, Director, Anthony Young, Director. Cheroni H. Smith resigned as Director, but retained her position as Budget Coordinator.

Filing and Contact Details

Filer

Filer Name
Bernie Mac Foundation Inc co Edward A Williams Treasurer
EIN
35-2265899
Phone
7733486019
Address
655 W Irving Park Road Room 306, Chicago, IL 60613

Signing Officer

Name
Edward A Williams
Title
08292015
Signed
2015-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda R McCullough
Formed
2005
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
10

Preparer

Firm
Jones Tax Group Inc
Address
19740 Governors Hwy Ste 116, Flossmoor, IL 60422
Preparer
Gena Jones
Phone
7087337003
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Section Functional Expense, Line Column B

In 2014, pursuant to our auditors recommendation, we have properly allocated expenses between Program Service Expenses and Management General Expenses. We will be amending our 2011, 2012 and 2013 Form 990 to comply with our auditors recommendations.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09827
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010788
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt076083
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt037082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07914
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010472
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09827
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010788
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt076083
IRS990ScheduleA/InvestmentIncomeCYPct00.09130
IRS990ScheduleA/InvestmentIncomePYPct00.06900
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.90870
IRS990ScheduleA/PublicSupportPY509Pct00.93100
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0757265
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt093685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt057868
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt056262
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0286032
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0263418
IRS990ScheduleA/Total509Grp/TotalAmt0757265
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0130767
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt065782
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt066734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0295859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0274206
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0833348
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/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Research
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0University of Illinois Star Center
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01801 W Taylor Suite 3C
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chicago
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060607
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0IOTA Investments
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1Law Offices of Max Elliot Ltd
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2Edward A Williams Ltd
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MaryAnn Grosset
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Charoni Smith
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Family Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2Officer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3Officer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4Officer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt050000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt116200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt222209
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt313465
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt47194
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Salary as Executive Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Salary as Employee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Fees for Financial Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3Fees for Legal Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4Fees for Legal Services
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Rhonda R. McCoullough-Gilmore, President, is the sister of Cheroni H. Smith and member of the Board of Directors since May 17th, 2011. Rhonda R. McCullough-Gilmore, President, is the sister of MaryAnn Grosset, Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared by Jones Tax Group, Inc., and is emailed to the Treasurer and Director, Edward A. Williams, Rhonda R. McCulloug-Gilmore, President, adn Maxmillion Elliot, Secretary and Assistent General Counsel, on or before its due date and is approved prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2On October 1, 2011, the Bernie Mac Foundation, Inc. BMF employed Ms. Charoni Smith as the Vice President of Finance and that information is on the BMF website to comply with the data required in line 19.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3On April 8, 2014 Joseph D. Ament resigned as Secretary and General Counsel. On July 10, 2014 Cheroni Smith resigned as a member of the Board of Directors and Charles K. Snowden was retained as General Counsel.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4At the July 10, 2014 meeting, the Board of Directors elected new members of the Board for a three year term as follows Rhonda R. McCullough-Gilmore, Director, Edward A. Wiliams, Director, Maxmillion Elliot, resigned as Director but retained her position as Secretary and Assistant General Counsel, Manoti Jenkins, Director, Milton Moses, Director, Douglas Gaines Director, Dennis Irvin, Director, Anthony Young, Director. Cheroni H. Smith resigned as Director, but retained her position as Budget Coordinator.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5In 2014, pursuant to our auditors recommendation, we have properly allocated expenses between Program Service Expenses and Management General Expenses. We will be amending our 2011, 2012 and 2013 Form 990 to comply with our auditors recommendations.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VII, Section A, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VII, Section A, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Section Functional Expense, Line Column B
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0248840
IRS990/TotalAssetsEOYAmt0140500
IRS990/TotalAssetsGrp/BOYAmt0248840
IRS990/TotalAssetsGrp/EOYAmt0140500
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt093685
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0103588
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133400
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236988
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01951
IRS990/TotalLiabilitiesEOYAmt0-192
IRS990/TotalLiabilitiesGrp/BOYAmt01951
IRS990/TotalLiabilitiesGrp/EOYAmt0-192
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0246889
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140692
IRS990/TotalProgramServiceExpensesAmt0133400
IRS990/TotalReportableCompFromOrgAmt066200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0130767
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0248840
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140500
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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