Civic Intelligence

Akarama Foundation Inc.

990 • Fiscal year 2017 • EIN 36-3163279

Jan 01, 2017 to Dec 31, 2017 • Filed on Dec 22, 2018

Organization ProfileN/A
6220 S Ingleside AvenueChicago, IL 60637

(773) 363-6220

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.30x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

14th percentile

-7.6%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Revenue Growth

40th percentile

0.9%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$1,714,259

Down $292,798 (-15%) from 2015

Net Assets

Up

$1,233,521

Up $9,818 (+0.8%) from 2015

Liabilities

Down

$480,738

Down $302,616 (-39%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin19th percentile

Revenue

Up

$370,161

Up $6,787 (+1.9%) from 2015

Expenses

Up

$410,765

Up $59,225 (+17%) from 2015

Net Income

Down

-$40,604

Down $52,438 (-443%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,396,987Liabilities 2010: $869,149Net Assets 2010: $1,527,8382010Assets 2011: $2,318,065Liabilities 2011: $858,156Net Assets 2011: $1,459,9092011Assets 2012: $2,186,924Liabilities 2012: $846,351Net Assets 2012: $1,340,5732012Assets 2013: $2,088,081Liabilities 2013: $821,362Net Assets 2013: $1,266,7192013Assets 2014: $2,014,714Liabilities 2014: $802,845Net Assets 2014: $1,211,8692014Assets 2015: $2,007,057Liabilities 2015: $783,354Net Assets 2015: $1,223,7032015Assets 2017: $1,714,259Liabilities 2017: $480,738Net Assets 2017: $1,233,5212017Assets 2018: $1,773,033Liabilities 2018: $444,163Net Assets 2018: $1,328,8702018Assets 2019: $1,613,148Liabilities 2019: $320,236Net Assets 2019: $1,292,9122019Assets 2020: $1,563,998Liabilities 2020: $298,423Net Assets 2020: $1,265,5752020Assets 2021: $1,516,656Liabilities 2021: $72,405Net Assets 2021: $1,444,2512021Assets 2022: $1,428,614Liabilities 2022: $3,588Net Assets 2022: $1,425,0262022Assets 2023: $1,422,406Liabilities 2023: $3,588Net Assets 2023: $1,418,8182023Assets 2024: $1,457,718Liabilities 2024: $3,589Net Assets 2024: $1,454,1292024

Highlighted filing

2017

Assets$1,714,259
Liabilities$480,738
Net Assets$1,233,521
Open 2017 Filing

Operations Trend

Revenue Growth40th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $359,6492010Expenses 2011: $393,1872011Expenses 2012: $389,4022012Revenue 2013: $289,513Expenses 2013: $363,367Net Income 2013: -$73,8542013Revenue 2014: $275,747Expenses 2014: $330,597Net Income 2014: -$54,8502014Revenue 2015: $363,374Expenses 2015: $351,540Net Income 2015: $11,8342015Revenue 2017: $370,161Expenses 2017: $410,765Net Income 2017: -$40,6042017Revenue 2018: $359,437Expenses 2018: $264,088Net Income 2018: $95,3492018Revenue 2019: $357,564Expenses 2019: $393,522Net Income 2019: -$35,9582019Revenue 2020: $295,217Expenses 2020: $286,746Net Income 2020: $8,4712020Revenue 2021: $509,804Expenses 2021: $301,799Net Income 2021: $208,0052021Revenue 2022: $350,072Expenses 2022: $371,848Net Income 2022: -$21,7762022Revenue 2023: $406,585Expenses 2023: $473,270Net Income 2023: -$66,6852023Revenue 2024: $662,937Expenses 2024: $614,128Net Income 2024: $48,8092024

Highlighted filing

2017

Revenue$370,161
Expenses$410,765
Net Income-$40,604
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Dec 22, 2018
Return Version
2017v2.2
Gross Receipts
$495,213
Mission and Program Overview

Mission

The mission of the akarama foundation, inc. Is to promote community service through volunteerism and socially conscious activities. The goal of the foundation's programs are designed to strengthen the economic, educational, social and emotional health of our community.

To promote community service through volunteerism and socially conscious activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,588,260$1,522,711▼ $65,549
Investments Program Related$222,970$172,411▼ $50,559
Cash and Non-Interest-Bearing Accounts$166,101$19,137▼ $146,964
Total Assets$1,977,331$1,714,259▼ $263,072
Liabilities
Mortgage Notes Payable Secured by Investment Property$703,206$474,255▼ $228,951
Accounts Payable and Accrued Expenses-$6,483-
Total Liabilities$703,206$480,738▼ $222,468
Net Assets / Fund Balance
Unrestricted Net Assets$1,051,155$1,061,110▲ $9,955
Temporarily Rstr Net Assets$222,970$172,411▼ $50,559
Total Net Assets Fund Balance$1,274,125$1,233,521▼ $40,604
Total Liabilities and Net Assets / Fund Balance$1,977,331$1,714,259▼ $263,072

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,498,771$958,718$2,457,489
Equipment$23,940$109,881$133,821
Investment Program Related Org$172,411--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Bertina M Power-stewartPresident
Kimberly B JacksonCorresponding Secretary
Pearlene CarterFinancial Secretary
Tanya Simmons HarrisSecretary
Paula HarrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$369,036
Program Service Revenue
$0
Investment Income
$1,125
Other Revenue
$0
All Other Contributions
$257,565
Change in Net Assets
$-40,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$349,065
Grants and Similar Amounts Paid$61,700
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$89,757--$89,757
Grants to Domestic Individuals$61,700--$61,700
Interest$32,073--$32,073
Other Expenses$12,676--$12,676
Total Functional Expenses$410,765$0$0$410,765
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$125,052
Fundraising Gross Income$125,052
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Akarama Benefit----
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
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The members of alpha kappa alpha sorority inc., theta omega chapter elect the members of the governing body through first nominating members and then voting on each position through a secret ballot.”

Form 990, Part VI, Section A, Line 7B

“Members vote on recommendation that are brought forward by the governing body.”

Form 990, Part VI, Section B, Line 11B

“The president and treasurer review the 990 before it is filed.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Akarama Foundation Inc
EIN
36-3163279
Phone
7733636220
Address
6220 S INGLESIDE AVENUE, CHICAGO, IL 60637

Signing Officer

Name
Bertina Power-stewart
Title
President
Phone
7733636220
Signed
2018-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bertina Power-stewart
Formed
1980
Legal Domicile
Il
Voting Board Members
66
Independent Board Members
66
Employees
0
Volunteers
0

Preparer

Firm
Odell Hicks & Company LLC
Address
180 N STETSON AVENUE, CHICAGO, IL 60601-6712
Preparer
Odell Hicks Jr
Phone
3128610113
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There has been no changes in the process”

Raw XML Appendix352 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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IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF ALPHA KAPPA ALPHA SORORITY INC., THETA OMEGA CHAPTER ELECT THE MEMBERS OF THE GOVERNING BODY THROUGH FIRST NOMINATING MEMBERS AND THEN VOTING ON EACH POSITION THROUGH A SECRET BALLOT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE ON RECOMMENDATION THAT ARE BROUGHT FORWARD BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT AND TREASURER REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGES IN THE PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0222970
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0172411
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01977331
IRS990/TotalAssetsEOYAmt01714259
IRS990/TotalAssetsGrp/BOYAmt01977331
IRS990/TotalAssetsGrp/EOYAmt01714259
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0369036
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0410765
IRS990/TotalFunctionalExpensesGrp/TotalAmt0410765
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0703206
IRS990/TotalLiabilitiesEOYAmt0480738
IRS990/TotalLiabilitiesGrp/BOYAmt0703206
IRS990/TotalLiabilitiesGrp/EOYAmt0480738
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01274125
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01233521
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0410765
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01125
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0370161
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01977331
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01714259
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01051155
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01061110
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06220 S INGLESIDE AVENUE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060637
IRS990/VotingMembersGoverningBodyCnt066
IRS990/VotingMembersIndependentCnt066
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BERTINA POWER-STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07733636220
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AKARAMA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0AKAR
ReturnHeader/Filer/EIN0363163279
ReturnHeader/Filer/PhoneNum07733636220
ReturnHeader/Filer/USAddress/AddressLine1Txt06220 S INGLESIDE AVENUE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060637
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId064582CD8951401FD239B35E33269F0CA93299C73
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId064582CD8951401FD239B35E33269F0CA93299C73
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.122.253.58
ReturnHeader/FilingSecurityInformation/IPDt02018-12-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:50:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363310351
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ODELL HICKS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0180 N STETSON AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606016712
ReturnHeader/PreparerPersonGrp/PhoneNum03128610113
ReturnHeader/PreparerPersonGrp/PreparationDt02018-12-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ODELL HICKS JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-01-22T11:39:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,714,259
Liabilities
$480,738
Net assets
$1,233,521
Revenue
$370,161
Expenses
$410,765
Net income
-$40,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.45$0.66$0.61$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.41$0.47$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.35$0.37$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.07$1.44$0.51$0.30$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.56$0.30$1.27$0.30$0.29$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.61$0.32$1.29$0.36$0.39$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.77$0.44$1.33$0.36$0.26$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.71$0.48$1.23$0.37$0.41$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.01$0.78$1.22$0.36$0.35$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.01$0.80$1.21$0.28$0.33$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.09$0.82$1.27$0.29$0.36$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.85$1.34$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.86$1.46$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.87$1.53$0.36