Civic Intelligence

Business and Professional People for the Public Interest

990 • Fiscal year 2023 • EIN 36-2675852

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 22, 2024

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

36th percentile

0.09x

Higher debt load relative to assets than 36% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

0.19x

Higher debt load relative to revenue than 44% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

87th percentile

39%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$190,000

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

35th percentile

1.5%

Faster asset growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

35%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$11,655,285

Up $173,787 (+1.5%) from 2022

Net Assets

Up

$10,655,219

Up $47,656 (+0.4%) from 2022

Liabilities

Up

$1,000,066

Up $126,131 (+14%) from 2022

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin87th percentile

Revenue

Up

$5,171,436

Up $1,334,599 (+35%) from 2022

Expenses

Down

$3,167,117

Down $556,157 (-15%) from 2022

Net Income

Up

$2,004,319

Up $1,890,756 (+1665%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2023

Assets$11,655,285
Liabilities$1,000,066
Net Assets$10,655,219
Open 2023 Filing

Operations Trend

Revenue Growth83rd 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

2023

Revenue$5,171,436
Expenses$3,167,117
Net Income$2,004,319
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 22, 2024
Return Version
2023v5.0
Gross Receipts
$12,260,591
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$8,368,346$8,871,353▲ $503,007
Savings and Temporary Cash Investments$1,836,522$1,797,521▼ $39,001
Pledges and Grants Receivable$1,164,545$493,525▼ $671,020
Land, Buildings, and Equipment, Net$27,608$23,623▼ $3,985
Prepaid Expenses and Deferred Charges$37,161$5,146▼ $32,015
Total Assets$11,481,498$11,655,285▲ $173,787
Other Assets Total$47,316$464,117▲ $416,801
Liabilities
Other Liabilities-$427,393-
Accounts Payable and Accrued Expenses$184,673$378,974▲ $194,301
Grants Payable$689,262$193,699▼ $495,563
Total Liabilities$873,935$1,000,066▲ $126,131
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,664,342$9,514,395▲ $850,053
Net Assets With Donor Restrictions$1,943,221$1,140,824▼ $802,397
Total Net Assets Fund Balance$10,607,563$10,655,219▲ $47,656
Total Liabilities and Net Assets / Fund Balance$11,481,498$11,655,285▲ $173,787

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,787$119,881$121,668
Leasehold Improvements$21,836$15,057$36,893

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,909,196-▲ $378,439$2,488,637$1,798,998
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
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cara HendricksonExecutive DiFT$190,000$190,000
Cara HendricksonExecutive Director-$190,000$190,000
Loren JonesDirectorFT$105,068$105,068
Julie BrownDirectorPT$100,855$100,855

Board Members and Trustees

NameTitle
Rosanna MarquezPresident
Anel RuizDirector
Anneliese FlemingDirector
Augustin WegscheiderDirector
Chris CancillaDirector
Glenn BrewerDirector
Joel BookmanDirector
Jonathan KadenDirector
Josh LowitzDirector
Julie KennedyDirector
Lucy AscoliDirector
Mark SegalDirector
Mecole McbrideDirector
Myles BermanDirector
Nicholas BrunickDirector
Quinn RallinsDirector
Rev Christian CoonDirector
Ryan GreenDirector
Sequane LawrenceDirector
Sheila Berner KennedyDirector
Stacie YoungDirector
Stephen GallerDirector
Tharius SumterDirector
Pamela Daniels-halisiSecretary
Amar ParikhTreasurer
Lilia FloresVice Preside
Sarah Walker PaulsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,560,662
Program Service Revenue
$0
Investment Income
$3,285,014
Other Revenue
$325,760
All Other Contributions
$1,560,662
Change in Net Assets
$2,004,319

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,171,436
Revenue Not Reported on Form 990
$-1,943,315
Total Revenue per Audited Statements
$3,228,121
Total Revenue per Form 990
$5,171,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,664,971
Salaries, Compensation, and Employee Benefits$1,502,146
Total Fundraising Expense$444,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$952,913$264,443$284,790$1,502,146
Fees for Services Other$1,092,023--$1,092,023
Occupancy$174,685$32,441$42,423$249,549
Fees for Services Accounting$49,653$9,221$12,059$70,933
Office Expenses$36,159$6,328$8,274$50,761
Depreciation Depletion$2,790$518$677$3,985
Other Expenses$2,492$412$534$2,492
Travel$1,191--$1,191
Advertising$102$19$25$146
Total Functional Expenses$2,394,690$328,329$444,098$3,167,117

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,173,368
Expenses per Audited Statements$3,167,117
Total Expenses per Form 990$3,167,117
Expenses Not Reported on Form 990$6,251
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$161,451
Fundraising Direct Expenses$79,891
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$161,451$161,451$35,875$125,576
Total Events$161,451$161,451$79,891$81,560
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$427,393
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

“The organization amended their bylaws in 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 finance and audit committee and board of directors 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
2024-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cara Hendrickson
Formed
1969
Legal Domicile
Il
Voting Board Members
28
Independent Board Members
27
Employees
18

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, Part IX, Line 11G

“Program expenses 1,092,023 0 0”

Form 990, Part XI, Line 9

“Investment fees -22,167 asc 842 adjustment -6,251 total -28,418”

Financial Statement Notes

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

“INVESTMENT FEES -22,167”

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

“ASC 842 ADJUSTMETN 6,251”

Raw XML AppendixShowing 400 of 632 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/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt23VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
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IRS990/FormationYr01969
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt079891
IRS990/FundraisingGrossIncomeAmt0161451
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IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
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IRS990/OfficeExpensesGrp/FundraisingAmt08274
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06328
IRS990/OfficeExpensesGrp/ProgramServicesAmt036159
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IRS990/OtherExpensesGrp/FundraisingAmt1534
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014947
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IRS990/PrincipalOfficerNm0CARA HENDRICKSON
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0CRIMINAL LEGAL SYSTEMS - OUR CRIMINAL LEGAL SYSTEMS PROGRAM SEEKS TO INCREASE PUBLIC SAFETY AND PROMOTE RACIAL JUSTICE. WE ARE WORKING TO ENACT SYSTEMIC POLICE REFORMS, INCLUDING BY STRENGTHENING THE POLICE ACCOUNTABILITY SYSTEM, PROMOTING COMMUNITY SAFETY, IMPROVING POLICE PRACTICES, REIMAGINING THE ROLES THAT POLICE DEPARTMENTS AND OTHER ENTITIES PLAY IN PRODUCING PUBLIC SAFETY, AND TRANSFORMING THE RELATIONSHIP BETWEEN THE POLICE DEPARTMENT AND THE COMMUNITIES IT SERVES. IN ALL OUR WORK, WE ARE COMMITTED TO ENSURING THAT THOSE MOST DIRECTLY AFFECTED BY THE REFORMS PLAY AN ACTIVE ROLE IN DEVELOPING THEM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01305073
IRS990/ProgSrvcAccomActy3Grp/Desc0LEADERSHIP DEVELOPMENT - IMPACT FOR EQUITY HOSTS LAW AND POLICY SUMMER AND ACADEMIC-YEAR INTERNS AND EXTERNS, AS WELL AS RECENT LAW OR POLICY SCHOOL GRADUATES EACH YEAR THROUGH OUR INTERNSHIPS, EXTERNSHIPS, AND FELLOWSHIP PROGRAMS. THESE INDIVIDUALS HELP INFORM OUR WORK, SHAPE THE FUTURE OF LAW AND POLICY, AND DRIVE IMPACTFUL SOLUTIONS TO ADDRESS CRITICAL CHALLENGES ACROSS OUR TWO PROGRAM AREAS. MANY OF OUR INTERNS, FELLOWS, AND EXTERNS GO ON TO WORK IN PARTNER ORGANIZATIONS, GOVERNMENT, AND BEYOND, BUILDING ON A LEGACY OF IMPACTFUL ADVOCACY WORK.
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IRS990/PYOtherExpensesAmt02217237
IRS990/PYOtherRevenueAmt084074
IRS990/PYRevenuesLessExpensesAmt0113563
IRS990/PYSalariesCompEmpBnftPaidAmt01506037
IRS990/PYTotalExpensesAmt03723274
IRS990/PYTotalRevenueAmt03836837
IRS990/ReconcilationRevenueExpnssAmt02004319
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01797521
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 47,114

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,655,285
Liabilities
$1,000,066
Net assets
$10,655,219
Revenue
$5,171,436
Expenses
$3,167,117
Net income
$2,004,319
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
2023Detailed filing. Detailed filing data is available for this year.$11.7$1.00$10.7$5.17$3.17$2.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$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