Civic Intelligence

Old Town Triangle Association

990 • Fiscal year 2019 • EIN 36-2336401

Aug 01, 2018 to Jul 31, 2019 • Filed on Dec 20, 2019

1763 N North Park AvenueChicago, IL 60614

(312) 337-1938

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

21st percentile

-6.1%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

27th percentile

-8.0%

Faster revenue growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$781,919

Down $50,791 (-6.1%) from 2018

Net Assets

Down

$781,919

Down $50,604 (-6.1%) from 2018

Liabilities

Down

$0

Down $187 (-100%) from 2018

Revenue

Down

$443,264

Down $38,534 (-8.0%) from 2018

Expenses

Up

$493,868

Up $11,246 (+2.3%) from 2018

Net Income

Down

-$50,604

Down $49,780 (-6041%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2018: $832,710Liabilities 2018: $187Net Assets 2018: $832,5232018Assets 2019: $781,919Liabilities 2019: $0Net Assets 2019: $781,9192019Assets 2020: $613,404Liabilities 2020: $46,000Net Assets 2020: $567,4042020Assets 2021: $750,391Liabilities 2021: $44,441Net Assets 2021: $705,9502021Assets 2022: $768,796Liabilities 2022: $4,670Net Assets 2022: $764,1262022Assets 2023: $729,189Liabilities 2023: $12,333Net Assets 2023: $716,8562023Assets 2024: $673,846Liabilities 2024: $0Net Assets 2024: $673,8462024

Highlighted filing

2019

Assets$781,919
Liabilities$0
Net Assets$781,919

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2018: $481,798Expenses 2018: $482,622Net Income 2018: -$8242018Revenue 2019: $443,264Expenses 2019: $493,868Net Income 2019: -$50,6042019Revenue 2020: $79,835Expenses 2020: $294,351Net Income 2020: -$214,5162020Revenue 2021: $371,524Expenses 2021: $232,978Net Income 2021: $138,5462021Revenue 2022: $476,793Expenses 2022: $417,749Net Income 2022: $59,0442022Revenue 2023: $358,275Expenses 2023: $405,545Net Income 2023: -$47,2702023Revenue 2024: $357,181Expenses 2024: $400,191Net Income 2024: -$43,0102024

Highlighted filing

2019

Revenue$443,264
Expenses$493,868
Net Income-$50,604
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Dec 20, 2019
Return Version
2018v3.1
Gross Receipts
$566,657
Mission and Program Overview

Mission

Enhance the quality of life for residents who live in the area of the city of chicago bounded by north avenue, clark street and the ghost of ogden avenue ("the triangle")

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$734,572$724,307▼ $10,265
Land, Buildings, and Equipment, Net$49,774$44,316▼ $5,458
Cash and Non-Interest-Bearing Accounts$40,598$11,390▼ $29,208
Prepaid Expenses and Deferred Charges$7,766$1,906▼ $5,860
Total Assets$832,710$781,919▼ $50,791
Liabilities
Accounts Payable and Accrued Expenses$187--
Total Liabilities$187$0▼ $187
Net Assets / Fund Balance
Unrestricted Net Assets$819,866$781,919▼ $37,947
Temporarily Rstr Net Assets$12,657--
Total Net Assets Fund Balance$832,523$781,919▼ $50,604
Total Liabilities and Net Assets / Fund Balance$832,710$781,919▼ $50,791

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$119,387$119,387
Leasehold Improvements$7,411$24,967$32,378
Other Land Buildings$15,407$7,703$23,110
Land$21,068-$21,068
Equipment$430$12,231$12,661
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve WeissPresident
Chris NelsonDirector
Jordan MatyasDirector
Karl HjerpeDirector
Robert JonesDirector
Shannon WaterfieldDirector
Shelly MurphyDirector
Hans Pusch1st Vice Pre
Lynn Smith2nd Vice Pre
Karen PfendlerSecretary
Sachi KuboTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,305
Program Service Revenue
$60,579
Investment Income
$11,503
Other Revenue
$359,877
Change in Net Assets
$-50,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$443,264
Total Revenue per Audited Statements
$443,264
Total Revenue per Form 990
$443,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$292,129
Grants and Similar Amounts Paid$120,881
Salaries, Compensation, and Employee Benefits$80,858
Total Fundraising Expense$16,171
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$120,881--$120,881
Occupancy$84,278--$84,278
Other Salaries and Wages$48,891$11,283$15,043$75,217
All Other Expenses$6,354$11,397-$17,751
Other Expenses$14,513--$14,513
Insurance$6,528$6,528-$13,056
Information Technology$11,700--$11,700
Payroll Taxes$3,667$846$1,128$5,641
Depreciation Depletion-$5,458-$5,458
Office Expenses$689$3,970-$4,659
Fees for Services Accounting-$4,600-$4,600
Total Functional Expenses$433,615$44,082$16,171$493,868

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$493,868
Total Expenses per Audited Statements$493,868
Total Expenses per Form 990$493,868
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Menomonee ClubChicago, IL6-$69,881
Friends of Lasalle Language AcademyChicago, IL3-$8,000
Lincoln Park Athletics Booster ClubChicago, IL3-$7,000
Lincoln Park Band and Orchestra ParChicago, IL3-$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$482,544
Fundraising Direct Expenses$123,393
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Fair$482,544$482,544$123,393$359,151
Total Events$482,544$482,544$123,393$359,151
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
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is provided to the treasurer and the president who will then report to the board.

Form 990, Page 6, Part VI, Line 12C

Employees sign an annual disclosure form in february of each year,

Form 990, Page 6, Part VI, Line 15A

Board accumulates information on employee and decides the salary of the arts and operations director.

Form 990, Page 6, Part VI, Line 19

AVAILABLE PER REQUEST.

Filing and Contact Details

Filer

Filer Name
Old Town Triangle Association
EIN
36-2336401
Phone
3123371938
Address
1763 N NORTH PARK AVENUE, CHICAGO, IL 60614

Signing Officer

Name
Sachi Kubo
Title
Treasurer
Phone
3123371938
Signed
2019-12-20

Organization Details

Principal Officer
Steve Weiss
Formed
1952
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
650

Preparer

Firm
Kopczyk Osher & Scott Cpas
Address
4415 HARRISON ST STE 544, HILLSIDE, IL 60162-1920
Preparer
Rodney C Scott
Phone
3125270111
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Old town triangle association is a not-for-profit organization that is operating as exempt from income taxes under section 501(c)(3) of the internal revenue code. The association has also been classified as an entity that is not a private foundation within the meaning of section 509 (a) and qualifies for deductible contributions as provided in section 170 (b)(1)(a)(vi). There was no net unrelated business income for the years ended july 31,2019 and 2018. Each of the association's prior three years remains subject to examination by the internal revenue service. In the next twelve months, the association does not expect a material net change in unrecognized tax benefits.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OLD TOWN TRIANGLE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS OPERATING AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509 (A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170 (B)(1)(A)(VI). THERE WAS NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JULY 31,2019 AND 2018. EACH OF THE ASSOCIATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN THE NEXT TWELVE MONTHS, THE ASSOCIATION DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FRIENDS OF LASALLE LANGUAGE ACADEMY
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MENOMONEE CLUB
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22001 N ORCHARD ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31535 N DAYTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHICAGO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE TREASURER AND THE PRESIDENT WHO WILL THEN REPORT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMPLOYEES SIGN AN ANNUAL DISCLOSURE FORM IN FEBRUARY OF EACH YEAR,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD ACCUMULATES INFORMATION ON EMPLOYEE AND DECIDES THE SALARY OF THE ARTS AND OPERATIONS DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE PER REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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