Civic Intelligence

The Fortnightly of Chicago

EIN 36-2009206 • 501(c)7 • Chicago, IL

View Organization Page

Profile

The fortnightly of chicago is a women's society founded to enrich the intellectual lives of members.

120 East Bellevue PlaceChicago, IL 60611

www.fortnightlychicago.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.23x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.76x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Net Margin

4th percentile

-25%

Higher net margin than 4% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

82nd percentile

$209,926

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Asset Growth

35th percentile

-0.5%

Faster asset growth than 35% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

72nd percentile

12%

Faster revenue growth than 72% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$6,472,612

Down $29,755 (-0.5%) from 2024

Liabilities

Up

$1,473,061

Up $261,948 (+22%) from 2024

Net Assets

Down

$4,999,551

Down $291,703 (-5.5%) from 2024

Operations
Liabilities / Revenue57th percentileNet Margin4th percentile

Revenue

Up

$1,943,990

Up $206,124 (+12%) from 2024

Expenses

Up

$2,425,369

Up $680,337 (+39%) from 2024

Net Income

Down

-$481,379

Down $474,213 (-6618%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $5,718,047Liabilities 2016: $838,939Net Assets 2016: $4,879,1082016Assets 2017: $6,024,716Liabilities 2017: $873,840Net Assets 2017: $5,150,8762017Assets 2018: $6,061,468Liabilities 2018: $887,195Net Assets 2018: $5,174,2732018Assets 2019: $5,976,033Liabilities 2019: $895,716Net Assets 2019: $5,080,3172019Assets 2020: $6,193,545Liabilities 2020: $872,766Net Assets 2020: $5,320,7792020Assets 2021: $6,942,898Liabilities 2021: $972,055Net Assets 2021: $5,970,8432021Assets 2022: $6,800,122Liabilities 2022: $1,062,941Net Assets 2022: $5,737,1812022Assets 2023: $6,878,037Liabilities 2023: $1,064,798Net Assets 2023: $5,813,2392023Assets 2024: $6,502,367Liabilities 2024: $1,211,113Net Assets 2024: $5,291,2542024Assets 2025: $6,472,612Liabilities 2025: $1,473,061Net Assets 2025: $4,999,5512025

Highlighted filing

2025

Assets$6,472,612
Liabilities$1,473,061
Net Assets$4,999,551
Open 2025 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,284,208Expenses 2016: $1,259,691Net Income 2016: $24,5172016Revenue 2017: $1,435,385Expenses 2017: $1,292,647Net Income 2017: $142,7382017Revenue 2018: $1,289,902Expenses 2018: $1,388,183Net Income 2018: -$98,2812018Revenue 2019: $1,041,969Expenses 2019: $1,092,459Net Income 2019: -$50,4902019Revenue 2020: $1,214,275Expenses 2020: $1,017,571Net Income 2020: $196,7042020Revenue 2021: $1,197,369Expenses 2021: $911,136Net Income 2021: $286,2332021Revenue 2022: $1,151,713Expenses 2022: $1,180,606Net Income 2022: -$28,8932022Revenue 2023: $1,362,650Expenses 2023: $1,179,766Net Income 2023: $182,8842023Revenue 2024: $1,737,866Expenses 2024: $1,745,032Net Income 2024: -$7,1662024Revenue 2025: $1,943,990Expenses 2025: $2,425,369Net Income 2025: -$481,3792025

Highlighted filing

2025

Revenue$1,943,990
Expenses$2,425,369
Net Income-$481,379
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,472,612
Liabilities
$1,473,061
Net assets
$4,999,551
Revenue
$1,943,990
Expenses
$2,425,369
Net income
-$481,379
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.47$1.47$5.00$1.94$2.43$0.48
2024Detailed filing. Detailed filing data is available for this year.$6.50$1.21$5.29$1.74$1.75$0.01
2023Detailed filing. Detailed filing data is available for this year.$6.88$1.06$5.81$1.36$1.18$0.18
2022Detailed filing. Detailed filing data is available for this year.$6.80$1.06$5.74$1.15$1.18$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.94$0.97$5.97$1.20$0.91$0.29
2020Detailed filing. Detailed filing data is available for this year.$6.19$0.87$5.32$1.21$1.02$0.20
2019Detailed filing. Detailed filing data is available for this year.$5.98$0.90$5.08$1.04$1.09$0.05
2018Detailed filing. Detailed filing data is available for this year.$6.06$0.89$5.17$1.29$1.39$0.10
2017Detailed filing. Detailed filing data is available for this year.$6.02$0.87$5.15$1.44$1.29$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.72$0.84$4.88$1.28$1.26$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Jan 13, 2026
Return Version
2024v5.5
Gross Receipts
$2,189,031
Mission and Program Overview

Mission

The fortnightly of chicago is a women's society founded to enrich the intellectual lives of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,461,685$3,439,681▼ $22,004
Land, Buildings, and Equipment, Net$1,554,809$1,604,200▲ $49,391
Accounts Receivable$1,017,185$1,034,909▲ $17,724
Cash and Non-Interest-Bearing Accounts$184,765$278,394▲ $93,629
Savings and Temporary Cash Investments$237,518$71,735▼ $165,783
Inventories for Sale or Use$28,725$25,028▼ $3,697
Prepaid Expenses and Deferred Charges$17,680$18,665▲ $985
Total Assets$6,502,367$6,472,612▼ $29,755
Liabilities
Deferred Revenue$938,569$975,515▲ $36,946
Grants Payable$124,034$359,555▲ $235,521
Accounts Payable and Accrued Expenses$148,510$137,991▼ $10,519
Total Liabilities$1,211,113$1,473,061▲ $261,948
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,062,479$3,037,775▼ $24,704
Net Assets Without Donor Restrictions$2,228,775$1,961,776▼ $266,999
Total Net Assets Fund Balance$5,291,254$4,999,551▼ $291,703
Total Liabilities and Net Assets / Fund Balance$6,502,367$6,472,612▼ $29,755

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,111,378$2,506,282$3,617,660
Other Land Buildings$432,822$112,432$545,254
Land$60,000-$60,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,062,479-▲ $303,122$327,826$3,037,775
2023$2,651,642-▲ $438,482$27,645$3,062,479
2022$2,499,908$384,710▼ $13,740$219,236$2,651,642
2021$2,600,124$287,653▼ $143,388$244,531$2,499,858
2020$2,108,882$495,359▲ $560,799$564,916$2,600,124
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerie ZadroznyGeneral ManagerFT$174,646$35,280$209,926

Board Members and Trustees

NameTitle
Caryl Ann Morris BarclayInvestment Advisory Chair
Joan MyersPresident
K Carolyn Miller ShortFirst Vice-president
Rosemary Donovan OlsonSecond Vice-president
Kathleen Byrne VondranThird Vice-president
Ann Barlit HickeyDirector
Dana Ione GreenDirector
Dee TevonianDirector
Jean E PerkinsDirector
Kim Elizabeth ButlerDirector
Linda Pike CelesiaDirector
Margaret Jones BarnhartDirector
Mariann Crissey StraubDirector
Nancy HornakDirector
Rhonda P MarcucciDirector
Susan GeshwenderDirector
Maryannette NoraCorrespondent Secretary
Mary Lois HakewillRecording Secretary
Courtenay R WoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,774
Program Service Revenue
$1,060,905
Investment Income
$256,398
Other Revenue
$596,913
All Other Contributions
$29,774
Change in Net Assets
$-481,379

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,923,113
Revenue Not Reported on Financial Statements
$20,877
Revenue Not Reported on Form 990
$223,037
Total Revenue per Audited Statements
$2,146,150
Total Revenue per Form 990
$1,943,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,034,950
Grants and Similar Amounts Paid$712,327
Other Expenses$678,092
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$712,327
Other Salaries and Wages---$614,328
Current Officers, Directors, Trustees, and Key Employees---$211,416
Depreciation Depletion---$206,843
Other Employee Benefits---$135,595
Occupancy---$127,578
Insurance---$73,240
Payroll Taxes---$67,878
Office Expenses---$56,899
Other Expenses---$37,134
Information Technology---$26,171
Fees for Service Investment Mgmnt Fees---$20,877
Fees for Services Accounting---$17,988
Pension Plan Contributions---$5,733
Fees for Services Other---$4,546
Fees for Services Legal---$953
Total Functional Expenses$0$0$0$2,425,369

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,550,192
Total Expenses per Form 990$2,425,369
Expenses per Audited Statements$2,404,492
Expenses Not Reported on Form 990$145,700
Expenses Not Reported on Financial Statements$20,877
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Historic Preservation Foundation of the FortnightlyChicago, IL501(c)(3)General Support$476,806
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
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
Yes
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
Yes
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 club is organized as a membership organization with six classes of members.”

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

“Three classes of members (active, junior and senior) vote annually to elect 10 members to 2-year terms to the board.”

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

“A vote of the membership is required to approve any by-law amendments, initiation fee increases and dues increases proposed by the board.”

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

“The internal revenue service form 990 is distributed to the finance committee for review. It is then distributed for approval by the full board prior to filing with the internal revenue service.”

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

“The conflict of interest policy requires each officer and board member to disclose conflicts annually through completion of a signed statement. In addition, they are required to disclose potential conflicts during the year as they might arise. Potential conflicts are reviewed at the subcommittee level and brought to the board for review if the subcommittee finds a reasonable basis for concern.”

Form 990, Part VI, Section B, Line 15A

“The review of compensation and approval by the executive committee is done periodically.”

Form 990, Part VI, Section C, Line 19

“The fortnightly does not make its governing documents, conflict of interest policy or financial statements available to the public. Such documents are available for review, by members, upon request.”

Filing and Contact Details

Filer

Filer Name
The Fortnightly of Chicago
EIN
36-2009206
Phone
3129441330
Address
120 EAST BELLEVUE PLACE, CHICAGO, IL 60611

Signing Officer

Name
Joan Myers
Title
President
Phone
3129441330
Signed
2026-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Myers
Formed
1873
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
39
Volunteers
120

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part I - Line I

“The fortnightly of chicago is a women's society founded to enrich the intellectual lives of its members.”

FORM 990, PART XI, LINE 9:

“Non-operating income 112,339.”

Financial Statement Notes

PART V, LINE 4:

“The board designated funds consist of the following: capital projects fund: the excess of revenue over expenditures from operations is segregated within members' equity for the funding of capital projects. The amount segregated is also subject to certain specified adjustments. Lathrop fund: the lathrop fund is composed of bequests and other assets designated by the board of directors as a permanent fund. The annual income of the lathrop fund supports preservation of the helen and bryan lathrop house including partial underwriting of real estate taxes and insurance expense. The principal may be invaded only for special or unusual needs. Kate newell doggett fund the kate newell doggett fund is an expendable fund created to receive contributions for enhancement of the programs of the society. It is designed to encourage commemorative giving in honor of an individual or event. The board has voted to allocate income and expense among designated funds as follows: an allocation of up to fifty percent of initiation fees to the lathrop fund; and a real estate tax contribution from the lathrop fund as determined by either net investment income or a total return concept applied to the fund's investments.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 145,700.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 145,700.”

Raw XML AppendixShowing 400 of 547 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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