Civic Intelligence

Old Town Triangle Association

990 • Fiscal year 2020 • EIN 36-2336401

Aug 01, 2019 to Jul 31, 2020 • Filed on Dec 01, 2020

Organization ProfileWWW.OLDTOWNTRIANGLE.COM
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

56th percentile

0.07x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.58x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

2nd percentile

-269%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

6th percentile

-22%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-82%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$613,404

Down $168,515 (-22%) from 2019

Net Assets

Down

$567,404

Down $214,515 (-27%) from 2019

Liabilities

Up

$46,000

Up $46,000 from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin2nd percentile

Revenue

Down

$79,835

Down $363,429 (-82%) from 2019

Expenses

Down

$294,351

Down $199,517 (-40%) from 2019

Net Income

Down

-$214,516

Down $163,912 (-324%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

2020

Assets$613,404
Liabilities$46,000
Net Assets$567,404
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

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

2020

Revenue$79,835
Expenses$294,351
Net Income-$214,516
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Dec 1, 2020
Return Version
2019v5.0
Gross Receipts
$95,318
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$724,307$516,634▼ $207,673
Land, Buildings, and Equipment, Net$44,316$74,634▲ $30,318
Cash and Non-Interest-Bearing Accounts$11,390$18,343▲ $6,953
Prepaid Expenses and Deferred Charges$1,907$3,793▲ $1,886
Total Assets$781,920$613,404▼ $168,516
Liabilities
Accounts Payable and Accrued Expenses-$46,000-
Total Liabilities$0$46,000▲ $46,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$781,920$552,454▼ $229,466
Net Assets With Donor Restrictions-$14,950-
Total Net Assets Fund Balance$781,920$567,404▼ $214,516
Total Liabilities and Net Assets / Fund Balance$781,920$613,404▼ $168,516

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$119,387$119,387
Leasehold Improvements$53,527$40,861$94,388
Land$21,068-$21,068
Equipment$39$12,622$12,661
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Karen PfendlerPresident
Chris NelsonDirector
Elaine FreiDirector
Sachi KuboDirector
Shannon WaterfieldDirector
Shelly MurphyDirector
Steve NicholsDirector
Alan Lougee1st Vice Pre
Sasha Mayoras2nd Vice Pre
Darius TandonSecretary
Ed SokolofskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,116
Program Service Revenue
$42,136
Investment Income
$12,326
Other Revenue
$14,257
All Other Contributions
$1,726
Change in Net Assets
$-214,516

Audited Revenue Reconciliation

Revenue per Audited Statements
$79,835
Total Revenue per Audited Statements
$79,835
Total Revenue per Form 990
$79,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,220
Salaries, Compensation, and Employee Benefits$71,131
Total Fundraising Expense$14,226
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,982$9,919$13,225$66,126
Occupancy$30,576--$30,576
All Other Expenses$948$12,585-$13,533
Insurance$6,757$6,756-$13,513
Other Expenses$11,899--$11,899
Information Technology$11,095--$11,095
Depreciation Depletion-$8,582-$8,582
Fees for Services Accounting-$6,761-$6,761
Payroll Taxes$3,253$751$1,001$5,005
Office Expenses$351$3,462-$3,813
Total Functional Expenses$231,309$48,816$14,226$294,351

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$294,351
Total Expenses per Audited Statements$294,351
Total Expenses per Form 990$294,351
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,710
Fundraising Direct Expenses$15,483
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Fair$29,710$29,710$15,483$14,227
Total Events$29,710$29,710$15,483$14,227
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 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
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
Ed Sokolofski
Title
Treasurer
Phone
3123371938
Signed
2020-12-01

Organization Details

Principal Officer
Karen Pfendler
Formed
1952
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
50

Preparer

Firm
Kopczyk Osher & Scott Cpas
Address
4415 HARRISON ST STE 552, HILLSIDE, IL 60162-1911
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 exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization 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 unrelated business income nor unrecognized tax benefits for the years ended july 31, 2020 and 2019. Each of the organization's prior three years remains subject to examination by the internal revenue service. The organization has evaluated its tax positions for all open tax years. Based on the evaluation of the old town triangle association's tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended july 31, 2020.”

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt012622
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021068
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021068
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt053527
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040861
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt094388
IRS990ScheduleD/RevenueSubtotalAmt079835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OLD TOWN TRIANGLE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION 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 UNRELATED BUSINESS INCOME NOR UNRECOGNIZED TAX BENEFITS FOR THE YEARS ENDED JULY 31, 2020 AND 2019. EACH OF THE ORGANIZATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. BASED ON THE EVALUATION OF THE OLD TOWN TRIANGLE ASSOCIATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JULY 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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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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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$613,404
Liabilities
$46,000
Net assets
$567,404
Revenue
$79,835
Expenses
$294,351
Net income
-$214,516
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.74$0.00$6.74$3.57$4.00$0.43
2023Detailed filing. Detailed filing data is available for this year.$7.29$0.12$7.17$3.58$4.06$0.47
2022Detailed filing. Detailed filing data is available for this year.$7.69$0.05$7.64$4.77$4.18$0.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.50$0.44$7.06$3.72$2.33$1.39
2020Detailed filing. Detailed filing data is available for this year.$6.13$0.46$5.67$0.80$2.94$2.15
2019Detailed filing. Detailed filing data is available for this year.$7.82$0.00$7.82$4.43$4.94$0.51
2018Detailed filing. Detailed filing data is available for this year.$8.33$0.00$8.33$4.82$4.83$0.01