Civic Intelligence

Foundation for Culinary Arts

990 • Fiscal year 2017 • EIN 36-2170142

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

900 N Branch StChicago, IL 60642

(312) 752-2352

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.04x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$121,948

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

Up

$5,264,980

Up $1,344,714 (+34%) from 2012

Net Assets

Up

$5,224,148

Up $1,303,882 (+33%) from 2012

Liabilities

Up

$40,832

Up $40,832 from 2012

Revenue

$948,501

No earlier filing loaded for comparison.

Expenses

Up

$561,973

Up $269,183 (+92%) from 2012

Net Income

$386,528

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.

$6.0M$4.0M$2.0M$0Assets 2010: $3,532,390Liabilities 2010: $0Net Assets 2010: $3,532,3902010Assets 2012: $3,920,266Liabilities 2012: $0Net Assets 2012: $3,920,2662012Assets 2017: $5,264,980Liabilities 2017: $40,832Net Assets 2017: $5,224,1482017Assets 2018: $5,351,229Liabilities 2018: $38,432Net Assets 2018: $5,312,7972018Assets 2019: $5,291,584Liabilities 2019: $26,111Net Assets 2019: $5,265,4732019Assets 2020: $4,930,819Liabilities 2020: $96,393Net Assets 2020: $4,834,4262020Assets 2021: $5,897,948Liabilities 2021: $69,439Net Assets 2021: $5,828,5092021Assets 2022: $4,646,743Liabilities 2022: $12,258Net Assets 2022: $4,634,4852022Assets 2024: $3,312,135Liabilities 2024: $3,770Net Assets 2024: $3,308,3652024Assets 2025: $3,235,434Liabilities 2025: $1,667Net Assets 2025: $3,233,7672025

Highlighted filing

2017

Assets$5,264,980
Liabilities$40,832
Net Assets$5,224,148

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $160,1542010Expenses 2012: $292,7902012Revenue 2017: $948,501Expenses 2017: $561,973Net Income 2017: $386,5282017Revenue 2018: $625,031Expenses 2018: $536,382Net Income 2018: $88,6492018Revenue 2019: $410,195Expenses 2019: $457,519Net Income 2019: -$47,3242019Revenue 2020: $209,223Expenses 2020: $640,270Net Income 2020: -$431,0472020Revenue 2021: $1,533,598Expenses 2021: $539,515Net Income 2021: $994,0832021Revenue 2022: -$610,958Expenses 2022: $583,066Net Income 2022: -$1,194,0242022Revenue 2024: $158,050Expenses 2024: $414,985Net Income 2024: -$256,9352024Revenue 2025: $481,203Expenses 2025: $530,893Net Income 2025: -$49,6902025

Highlighted filing

2017

Revenue$948,501
Expenses$561,973
Net Income$386,528
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 15, 2018
Return Version
2016v3.0
Gross Receipts
$4,998,053
Mission and Program Overview

Mission

The organization inspires and empowers socially and economically disadvantaged students through educational programming and career advancement opportunities in the culinary industry such as yes, chef! Culinary training camps.

The kendall college trust provides resources and opportunities that support educational advancement and career development for students with financial need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,842,583$5,181,232▲ $338,649
Cash and Non-Interest-Bearing Accounts$10,408$81,893▲ $71,485
Accounts Receivable$0$1,855▲ $1,855
Prepaid Expenses and Deferred Charges$676$0▼ $676
Total Assets$4,853,667$5,264,980▲ $411,313
Liabilities
Accounts Payable and Accrued Expenses$16,047$40,832▲ $24,785
Total Liabilities$16,047$40,832▲ $24,785
Net Assets / Fund Balance
Unrestricted Net Assets$4,048,758$4,435,286▲ $386,528
Permanently Rstr Net Assets$647,743$647,743→ $0
Temporarily Rstr Net Assets$141,119$141,119→ $0
Total Net Assets Fund Balance$4,837,620$5,224,148▲ $386,528
Total Liabilities and Net Assets / Fund Balance$4,853,667$5,264,980▲ $411,313

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$788,862$100,000--$888,862
2015$788,862---$788,862
2014$788,862---$788,862
2013----$788,862
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Catherine De OrioExecutive DirectorFT$121,948$121,948

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$276,574
Program Service Revenue
$0
Investment Income
$529,926
Other Revenue
$142,001
Change in Net Assets
$386,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$287,205
Other Expenses$229,488
Salaries, Compensation, and Employee Benefits$45,280
Total Fundraising Expense$38,728
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$287,205--$287,205
Fees for Services Management$71,300$24,309$26,339$121,948
Other Salaries and Wages$18,112$22,640$4,528$45,280
Fees for Services Other$36,254-$3,290$39,544
Fees for Service Investment Mgmnt Fees$29,570--$29,570
Fees for Services Legal$7,828$3,682$3,682$15,192
Fees for Services Accounting-$12,500-$12,500
Office Expenses$2,221$2,520$790$5,531
Other Expenses$2,168$0$60$2,228
Insurance-$1,571-$1,571
Conferences and Meetings$168$1,197$39$1,404
Total Functional Expenses$454,826$68,419$38,728$561,973
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kendall CollegeChicago, IL-Scholarships$224,855
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,212
Fundraising Direct Expenses$10,135
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fried Chicekn Fest$37,713$33,113$5,811$27,302
Thomas Memorial$9,355$5,099$249$4,850
Total Events$47,068$38,212$10,135$28,077
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 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 11B

Organization's process to review form 990: an independent cpa firm prepares form 990 and submits the form to the treasurer, executive director and president for review and approval. Any questions and comments are directed to the cpa firm for resolution. After all discussion points are resolved, the form is finalized and provided to the treasurer, executive director and president for final review and signature.

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

Enforcements of conflicts policy: board members are required to provide written notice once conflict arises and are surveyed at annual meetings for such information.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation - the foundation makes its governing documents and conflicts of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kendall College Trust
EIN
36-2170142
Phone
3127522352
Address
900 N BRANCH ST, CHICAGO, IL 60642

Signing Officer

Name
J Gorman Cook
Title
President
Phone
3127522352
Signed
2018-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Gorman Cook
Formed
2008
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
30

Preparer

Firm
Hochfelder & Weber Pc
Address
525 WEST MONROE, CHICAGO, IL 60661
Preparer
Ronald J Degner Jr
Phone
3127150101
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Temporarily restricted assets consist of funds donated for the upkeep of the kitchen curiosity museum held at kendall college. Assets in this category were $141,119 at june 30, 2017. Permanently restricted assets consist of funds donated to create scholarship funds. At june 30, 2017 there was $647,743 of assets considered peermanently restricted.

PART X, LINE 2:

The organization does not believe that they have taken any uncertain tax positions.

Raw XML AppendixShowing 400 of 467 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/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01226336
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0230638
IRS990/PYInvestmentIncomeAmt0377421
IRS990/PYOtherExpensesAmt0234249
IRS990/PYOtherRevenueAmt0-559
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01118497
IRS990/PYSalariesCompEmpBnftPaidAmt019814
IRS990/PYTotalExpensesAmt0484701
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01603198
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0386528
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0158534
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0160393
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0218591
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0158754
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0167005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0863277
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0101970
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt083451
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt080310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt072960
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt081049
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0419740
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0133924
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt075512
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt024423
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0233859
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56910
IRS990ScheduleA/PublicSupportPY170Pct00.61570
IRS990ScheduleA/PublicSupportTotal170Amt0863277
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0158534
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0160393
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0218591
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0158754
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0167005
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0863277
IRS990ScheduleA/TotalSupportAmt01516876
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/CYEndwmtFundGrp/BeginningYearBalanceAmt0788862
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0888862
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0788862
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0788862
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0788862
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0788862
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0788862
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TEMPORARILY RESTRICTED ASSETS CONSIST OF FUNDS DONATED FOR THE UPKEEP OF THE KITCHEN CURIOSITY MUSEUM HELD AT KENDALL COLLEGE. ASSETS IN THIS CATEGORY WERE $141,119 AT JUNE 30, 2017. PERMANENTLY RESTRICTED ASSETS CONSIST OF FUNDS DONATED TO CREATE SCHOLARSHIP FUNDS. AT JUNE 30, 2017 THERE WAS $647,743 OF ASSETS CONSIDERED PEERMANENTLY RESTRICTED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT BELIEVE THAT THEY HAVE TAKEN ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08856
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt04600
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt04256
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010135
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FRIED CHICEKN FEST
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0THOMAS MEMORIAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037713
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09355
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt047068
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033113
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05099
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt038212
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028077
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06060
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05811
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0249
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04075
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt04075
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0224855
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KENDALL COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0331202243
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0900 N BRANCH ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060642
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: STUDENTS ARE THE RECIPIENTS OF THE GRANT ASSISTANCE IN THE FORM OF SCHOLARSHIPS. GRANT ASSISTANCE IS THEN MONITORED QUARTERLY TO ENSURE CRITERIA FOR SELECTION IS MAINTAINED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990: AN INDEPENDENT CPA FIRM PREPARES FORM 990 AND SUBMITS THE FORM TO THE TREASURER, EXECUTIVE DIRECTOR AND PRESIDENT FOR REVIEW AND APPROVAL. ANY QUESTIONS AND COMMENTS ARE DIRECTED TO THE CPA FIRM FOR RESOLUTION. AFTER ALL DISCUSSION POINTS ARE RESOLVED, THE FORM IS FINALIZED AND PROVIDED TO THE TREASURER, EXECUTIVE DIRECTOR AND PRESIDENT FOR FINAL REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENTS OF CONFLICTS POLICY: BOARD MEMBERS ARE REQUIRED TO PROVIDE WRITTEN NOTICE ONCE CONFLICT ARISES AND ARE SURVEYED AT ANNUAL MEETINGS FOR SUCH INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0141119
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0141119
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04853667
IRS990/TotalAssetsEOYAmt05264980
IRS990/TotalAssetsGrp/BOYAmt04853667
IRS990/TotalAssetsGrp/EOYAmt05264980
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0276574
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038728
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068419
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0454826

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