Civic Intelligence

Business and Professional People for the Public Interest

990 • Fiscal year 2022 • EIN 36-2675852

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 29, 2023

Organization ProfileWWW.IMPACTFOREQUITY.ORG

View Organization Page

25 E Washington Street 1515Chicago, IL 60602

(312) 641-5570

Siviq Scores

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

Liabilities / Assets

35th percentile

0.08x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.23x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

41st percentile

3.0%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$190,720

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

10th percentile

-15%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$11,481,498

Down $2,062,474 (-15%) from 2021

Net Assets

Down

$10,607,563

Down $2,806,887 (-21%) from 2021

Liabilities

Up

$873,935

Up $744,413 (+575%) from 2021

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin41st percentile

Revenue

Up

$3,836,837

Up $432,482 (+13%) from 2021

Expenses

Up

$3,723,274

Up $895,040 (+32%) from 2021

Net Income

Down

$113,563

Down $462,558 (-80%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$15M$10M$5.0M$0Assets 2010: $5,782,069Liabilities 2010: $14,950Net Assets 2010: $5,767,1192010Assets 2011: $6,493,790Liabilities 2011: $12,468Net Assets 2011: $6,481,3222011Assets 2012: $6,663,009Liabilities 2012: $20,462Net Assets 2012: $6,642,5472012Assets 2013: $8,364,055Liabilities 2013: $45,099Net Assets 2013: $8,318,9562013Assets 2014: $8,876,653Liabilities 2014: $44,115Net Assets 2014: $8,832,5382014Assets 2015: $8,024,561Liabilities 2015: $29,250Net Assets 2015: $7,995,3112015Assets 2016: $8,642,147Liabilities 2016: $19,297Net Assets 2016: $8,622,8502016Assets 2017: $9,607,065Liabilities 2017: $74,840Net Assets 2017: $9,532,2252017Assets 2018: $8,008,207Liabilities 2018: $24,103Net Assets 2018: $7,984,1042018Assets 2019: $10,719,088Liabilities 2019: $53,402Net Assets 2019: $10,665,6862019Assets 2020: $11,326,450Liabilities 2020: $46,944Net Assets 2020: $11,279,5062020Assets 2021: $13,543,972Liabilities 2021: $129,522Net Assets 2021: $13,414,4502021Assets 2022: $11,481,498Liabilities 2022: $873,935Net Assets 2022: $10,607,5632022Assets 2023: $11,655,285Liabilities 2023: $1,000,066Net Assets 2023: $10,655,2192023Assets 2024: $11,782,991Liabilities 2024: $260,103Net Assets 2024: $11,522,8882024

Highlighted filing

2022

Assets$11,481,498
Liabilities$873,935
Net Assets$10,607,563
Open 2022 Filing

Operations Trend

Revenue Growth64th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,701,5182010Expenses 2011: $1,638,4682011Expenses 2012: $1,692,3432012Revenue 2013: $2,175,721Expenses 2013: $1,854,646Net Income 2013: $321,0752013Revenue 2014: $2,322,243Expenses 2014: $1,831,745Net Income 2014: $490,4982014Revenue 2015: $2,269,443Expenses 2015: $1,968,459Net Income 2015: $300,9842015Revenue 2016: $2,303,394Expenses 2016: $2,043,712Net Income 2016: $259,6822016Revenue 2017: $2,216,714Expenses 2017: $2,053,957Net Income 2017: $162,7572017Revenue 2018: $2,489,381Expenses 2018: $2,055,499Net Income 2018: $433,8822018Revenue 2019: $3,066,810Expenses 2019: $2,150,273Net Income 2019: $916,5372019Revenue 2020: $2,174,082Expenses 2020: $2,126,682Net Income 2020: $47,4002020Revenue 2021: $3,404,355Expenses 2021: $2,828,234Net Income 2021: $576,1212021Revenue 2022: $3,836,837Expenses 2022: $3,723,274Net Income 2022: $113,5632022Revenue 2023: $5,171,436Expenses 2023: $3,167,117Net Income 2023: $2,004,3192023Revenue 2024: $2,777,531Expenses 2024: $2,465,183Net Income 2024: $312,3482024

Highlighted filing

2022

Revenue$3,836,837
Expenses$3,723,274
Net Income$113,563
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 29, 2023
Return Version
2022v5.0
Gross Receipts
$5,627,427
Mission and Program Overview

Mission

The organization operates in the chicago metropolitan region as a public interest law and policy center concerned with the challenges of urban poverty, housing and educational opportunity, building vital communities, and justice reform.

The organization operates in the chicago metropolitan region as a public interest law and policy center working to combat systematic barriers to equity and to fight for racial, economic, and social justice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,833,623$8,368,346▼ $2,465,277
Savings and Temporary Cash Investments$1,775,597$1,836,522▲ $60,925
Pledges and Grants Receivable$626,724$1,164,545▲ $537,821
Prepaid Expenses and Deferred Charges$38,368$37,161▼ $1,207
Land, Buildings, and Equipment, Net$28,035$27,608▼ $427
Total Assets$13,543,972$11,481,498▼ $2,062,474
Other Assets Total$241,625$47,316▼ $194,309
Liabilities
Grants Payable-$689,262-
Accounts Payable and Accrued Expenses$129,522$184,673▲ $55,151
Total Liabilities$129,522$873,935▲ $744,413
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,231,697$8,664,342▼ $3,567,355
Net Assets With Donor Restrictions$1,182,753$1,943,221▲ $760,468
Total Net Assets Fund Balance$13,414,450$10,607,563▼ $2,806,887
Total Liabilities and Net Assets / Fund Balance$13,543,972$11,481,498▼ $2,062,474

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,312$118,356$121,668
Leasehold Improvements$24,296$12,597$36,893

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$4,703,066-▼ $644,725$134,476$3,909,196
2021$4,173,921-▲ $888,429$343,528$4,703,066
2020$4,328,648-▲ $284,167$427,516$4,173,921
2019$3,900,227-▲ $920,659$479,812$4,328,648
2018$4,310,435-▼ $344,799$46,854$3,900,363
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cara HendricksonExecutive DiFT$190,720$190,720
Cara HendricksonExecutive Director-$190,720$190,720
Tamara Reed TranDirector of DeveFT$144,920$144,920
Tamara Reed TranDirector of Development-$144,920$144,920
Shareese PryorDirectorFT$123,188$123,188
Suresh SharmaDirector ofFT$101,660$101,660
Suresh SharmaDirector of Finance-$101,660$101,660
Julie BrownDirector ofFT$100,468$100,468

Board Members and Trustees

NameTitle
Jonathan KadenPresident
Anneliese FlemingDirector
Annette GuzmanDirector
Augustin WegscheiderDirector
Frank BealDirector
Glenn BrewerDirector
Guacolda ReyesDirector
Hoy McconnellDirector
Iris KreigDirector
Jadine ChouDirector
Jodi WilsonDirector
Joel BookmanDirector
Josh LowitzDirector
Julie HamosDirector
Julie KennedyDirector
Lilia Arroyo FloresDirector
Mark SegalDirector
Myles BermanDirector
Nicholas BrunickDirector
Paul LevyDirector
Quinn RallinsDirector
Rev Christian CoonDirector
Robin CoffeyDirector
Rosanna MarquezDirector
Sequane LawrenceDirector
Sheila Berner KennedyDirector
Stephen GallerDirector
Sarah Walker PaulsSecretary
Amar ParikhTreasurer
Lucy AscoliVice Preside
Pamela Daniels-halisiVice Preside
Stacie YoungVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,973,874
Program Service Revenue
$0
Investment Income
$778,889
Other Revenue
$84,074
All Other Contributions
$2,973,874
Change in Net Assets
$113,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,836,837
Revenue Not Reported on Form 990
$-2,919,475
Total Revenue per Audited Statements
$917,362
Total Revenue per Form 990
$3,836,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,217,237
Salaries, Compensation, and Employee Benefits$1,506,037
Total Fundraising Expense$477,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,757,867-$4,162$1,762,029
Other Salaries and Wages$1,006,085$148,370$351,582$1,506,037
Occupancy$160,771$23,709$56,182$240,662
Office Expenses$35,775$16,493$28,486$80,754
Fees for Services Accounting$9,687$1,428$3,385$14,500
Depreciation Depletion-$3,657-$3,657
Other Expenses$222$563$2,267$2,830
Advertising-$1,494$997$2,491
Travel--$267$267
Total Functional Expenses$2,978,995$266,859$477,420$3,723,274

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,723,274
Total Expenses per Audited Statements$3,723,274
Total Expenses per Form 990$3,723,274
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$132,045
Fundraising Direct Expenses$52,275
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$132,045$132,045$52,275$79,770
Total Events$132,045$132,045$52,275$79,770
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 4

“Name changed from business and professional people for the public interest, inc. To impact for equity inc. On may 17, 2023.”

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

“The organization submits the tax return to the audit and finance committee of the board of directors for review. Any questions or concerns are directed to the appropriate personnel and are addressed before the filing of the return.”

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

“The organization has an annual review with its directors.”

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

“The compensation committee approves the salary for the executive director.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. In addition, the financial statements are available via the illinois attorney general's website.”

Filing and Contact Details

Filer

Filer Name
Impact for Equity
EIN
36-2675852
Phone
3126415570
Address
25 E WASHINGTON STREET 1515, CHICAGO, IL 60602

Signing Officer

Name
Cara Hendrickson
Title
Executive Director
Phone
3126415570
Signed
2023-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cara Hendrickson
Formed
1969
Legal Domicile
Il
Voting Board Members
33
Independent Board Members
32
Employees
22

Preparer

Firm
Gray Hunter Stenn Llp
Address
1200 HARGER RD SUITE 521, OAK BROOK, IL 60523-1819
Preparer
James G Stewart
Phone
6305714900
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4C

“Education/early learning - for two decades, impact for equity has helped improve the quality of public education for chicago children, particularly those living in low-income communities. Over the years, our work has run the gamut. From waging a constitutional challenge to fix the unfair school funding system of illinois to sponsoring forums for educational leaders and policymakers, to facilitating joint planning and cooperation between chicago public schools and the chicago housing authority, to partnering with schools and community stakeholders to ensure children in high-poverty neighborhoods receive equitable learning opportunities. Today, the early learning efforts of impact for equity are focused on the community of altgeld-riverdale, home to altgeld gardens, the largest community of public housing residents in chicago. In 2012, impact for equity launched the altgeld-riverdale early learning initiative. This partnership of more than two dozen organizations focuses on building a comprehensive system to support children from birth to age eight and their families in this community.”

Form 990, Part IX, Line 11G

“Program expenses 1,757,867 0 4,162”

Form 990, Part XI, Line 9

“INVESTMENT FEES -86,715”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“INVESTMENT FEES -86,715”

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IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,481,498
Liabilities
$873,935
Net assets
$10,607,563
Revenue
$3,836,837
Expenses
$3,723,274
Net income
$113,563
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.26$11.5$2.78$2.47$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$1.00$10.7$5.17$3.17$2.00
2022Detailed filing. Detailed filing data is available for this year.$11.5$0.87$10.6$3.84$3.72$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.13$13.4$3.40$2.83$0.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$0.05$11.3$2.17$2.13$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.05$10.7$3.07$2.15$0.92
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.01$0.02$7.98$2.49$2.06$0.43
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.61$0.07$9.53$2.22$2.05$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.64$0.02$8.62$2.30$2.04$0.26
2015Detailed filing. Detailed filing data is available for this year.$8.02$0.03$8.00$2.27$1.97$0.30
2014Detailed filing. Detailed filing data is available for this year.$8.88$0.04$8.83$2.32$1.83$0.49
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.36$0.05$8.32$2.18$1.85$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$0.02$6.64$1.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.49$0.01$6.48$1.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$0.01$5.77$1.70