Civic Intelligence

Old Town Triangle Association

990 • Fiscal year 2021 • EIN 36-2336401

Aug 01, 2020 to Jul 31, 2021 • Filed on Jan 17, 2022

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

59th percentile

0.06x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.12x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

79th percentile

37%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

68th percentile

22%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

365%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$750,391

Up $136,987 (+22%) from 2020

Net Assets

Up

$705,950

Up $138,546 (+24%) from 2020

Liabilities

Down

$44,441

Down $1,559 (-3.4%) from 2020

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin79th percentile

Revenue

Up

$371,524

Up $291,689 (+365%) from 2020

Expenses

Down

$232,978

Down $61,373 (-21%) from 2020

Net Income

Up

$138,546

Up $353,062 (+165%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2021

Assets$750,391
Liabilities$44,441
Net Assets$705,950
Open 2021 Filing

Operations Trend

Revenue Growth96th 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

2021

Revenue$371,524
Expenses$232,978
Net Income$138,546
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jan 17, 2022
Return Version
2020v4.0
Gross Receipts
$551,510
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$516,634$642,476▲ $125,842
Land, Buildings, and Equipment, Net$74,634$65,843▼ $8,791
Cash and Non-Interest-Bearing Accounts$18,343$30,937▲ $12,594
Prepaid Expenses and Deferred Charges$3,793$11,135▲ $7,342
Total Assets$613,404$750,391▲ $136,987
Liabilities
Accounts Payable and Accrued Expenses$46,000$31,536▼ $14,464
Other Liabilities-$12,905-
Total Liabilities$46,000$44,441▼ $1,559
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$552,454$691,280▲ $138,826
Net Assets With Donor Restrictions$14,950$14,670▼ $280
Total Net Assets Fund Balance$567,404$705,950▲ $138,546
Total Liabilities and Net Assets / Fund Balance$613,404$750,391▲ $136,987

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$119,387$119,387
Leasehold Improvements$44,775$49,613$94,388
Land$21,068-$21,068
Equipment-$12,661$12,661
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Dorothy DecarloPresident
Carly JenkinsDirector
Elaine FreiDirector
Sachi KuboDirector
Shannon WaterfieldDirector
Steve NicholsDirector
Zac BleicherDirector
Chris Nelson1st Vice Pre
Anne Giffels2nd Vice Pre
Darius TandonSecretary
Brad NeumanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,090
Program Service Revenue
$34,190
Investment Income
$5,846
Other Revenue
$320,398
All Other Contributions
$2,340
Change in Net Assets
$138,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$371,524
Total Revenue per Audited Statements
$371,524
Total Revenue per Form 990
$371,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,113
Salaries, Compensation, and Employee Benefits$72,865
Total Fundraising Expense$14,573
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,996$10,153$13,537$67,686
Insurance$13,559$13,559-$27,118
Occupancy$24,726--$24,726
Depreciation Depletion-$8,791-$8,791
All Other Expenses$7,110$1,419-$8,529
Fees for Services Accounting-$6,905-$6,905
Payroll Taxes$3,366$777$1,036$5,179
Other Expenses$4,280$215-$4,280
Office Expenses$1,550$2,572-$4,122
Information Technology$3,216--$3,216
Total Functional Expenses$174,014$44,391$14,573$232,978

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$232,978
Total Expenses per Audited Statements$232,978
Total Expenses per Form 990$232,978
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$492,697
Fundraising Direct Expenses$179,986
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Fair$429,697$429,697$110,989$318,708
Art School$33,365$33,365$25,890$7,475
Total Events$492,697$492,697$153,046$339,651
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$12,905
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
Brad Neuman
Title
Treasurer
Phone
3123371938
Signed
2022-01-17

Organization Details

Principal Officer
Dorothy Decarlo
Formed
1952
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
20

Preparer

Firm
Kopczyk Osher & Scott CPA Services
Address
4415 HARRISON ST STE 552, HILLSIDE, IL 60162-1911
Preparer
Rodney C Scott
Phone
3125270111
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XIII

“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, 2021, and 2020. 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, 2021.”

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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012661
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021068
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt044775
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049613
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt094388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCE
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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, 2021, AND 2020. 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, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ART SCHOOL
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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/StatesWhereCopyOfReturnIsFldCd0IL
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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$750,391
Liabilities
$44,441
Net assets
$705,950
Revenue
$371,524
Expenses
$232,978
Net income
$138,546
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