Civic Intelligence

Center Foundation

990 • Fiscal year 2016 • EIN 36-3371659

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

6610 N Clark StreetChicago, IL 60626-4062

(773) 761-1501

Siviq Scores

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

Liabilities / Assets

60th percentile

0.19x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

5.21x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

35th percentile

-2.1%

Higher net margin than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

27th percentile

-3.5%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

0.0%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,305,964

Down $118,481 (-3.5%) from 2015

Net Assets

Down

$2,687,898

Down $2,482 (-0.1%) from 2015

Liabilities

Down

$618,066

Down $115,999 (-16%) from 2015

Revenue

Up

$118,633

Up $25 (+0.0%) from 2015

Expenses

Up

$121,115

Up $1,495 (+1.2%) from 2015

Net Income

Down

-$2,482

Down $1,470 (-145%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $4,433,489Liabilities 2010: $2,004,279Net Assets 2010: $2,429,2102010Assets 2011: $4,627,178Liabilities 2011: $1,954,987Net Assets 2011: $2,672,1912011Assets 2012: $4,695,705Liabilities 2012: $1,940,008Net Assets 2012: $2,755,6972012Assets 2013: $3,681,045Liabilities 2013: $957,612Net Assets 2013: $2,723,4332013Assets 2014: $3,542,927Liabilities 2014: $851,535Net Assets 2014: $2,691,3922014Assets 2015: $3,424,445Liabilities 2015: $734,065Net Assets 2015: $2,690,3802015Assets 2016: $3,305,964Liabilities 2016: $618,066Net Assets 2016: $2,687,8982016Assets 2017: $3,186,982Liabilities 2017: $500,594Net Assets 2017: $2,686,3882017Assets 2018: $5,070,346Liabilities 2018: $49,155Net Assets 2018: $5,021,1912018Assets 2019: $5,744,674Liabilities 2019: $92,327Net Assets 2019: $5,652,3472019Assets 2020: $5,993,206Liabilities 2020: $72,335Net Assets 2020: $5,920,8712020Assets 2021: $5,996,459Liabilities 2021: $74,437Net Assets 2021: $5,922,0222021Assets 2022: $5,948,587Liabilities 2022: $60,147Net Assets 2022: $5,888,4402022Assets 2023: $14,493,082Liabilities 2023: $83,281Net Assets 2023: $14,409,8012023Assets 2024: $15,750,175Liabilities 2024: $93,442Net Assets 2024: $15,656,7332024

Highlighted filing

2016

Assets$3,305,964
Liabilities$618,066
Net Assets$2,687,898

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $825,7312010Expenses 2011: $389,8922011Expenses 2012: $392,6342012Expenses 2013: $113,3392013Revenue 2014: $87,550Expenses 2014: $119,591Net Income 2014: -$32,0412014Revenue 2015: $118,608Expenses 2015: $119,620Net Income 2015: -$1,0122015Revenue 2016: $118,633Expenses 2016: $121,115Net Income 2016: -$2,4822016Revenue 2017: $118,608Expenses 2017: $120,118Net Income 2017: -$1,5102017Revenue 2018: $2,467,173Expenses 2018: $132,370Net Income 2018: $2,334,8032018Revenue 2019: $979,776Expenses 2019: $348,620Net Income 2019: $631,1562019Revenue 2020: $667,743Expenses 2020: $156,789Net Income 2020: $510,9542020Revenue 2021: $72,000Expenses 2021: $70,849Net Income 2021: $1,1512021Revenue 2022: $72,000Expenses 2022: $105,582Net Income 2022: -$33,5822022Revenue 2023: $7,472,827Expenses 2023: $103,124Net Income 2023: $7,369,7032023Revenue 2024: -$185,888Expenses 2024: $123,936Net Income 2024: -$309,8242024

Highlighted filing

2016

Revenue$118,633
Expenses$121,115
Net Income-$2,482
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v3.0
Gross Receipts
$118,633
Mission and Program Overview

Mission

Provide persons with disabilities with facilities and services designed to meet their physical, social, and psychological need.

Leases property to lester and rosalie anixter center, a related charitable organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,423,827$3,305,238▼ $118,589
Cash and Non-Interest-Bearing Accounts$618$726▲ $108
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,424,445$3,305,964▼ $118,481
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$733,065$616,564▼ $116,501
Accounts Payable and Accrued Expenses$1,000$1,502▲ $502
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$734,065$618,066▼ $115,999
Net Assets / Fund Balance
Unrestricted Net Assets$2,690,380$2,687,898▼ $2,482
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,690,380$2,687,898▼ $2,482
Total Liabilities and Net Assets / Fund Balance$3,424,445$3,305,964▼ $118,481

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,264,869$2,446,068$4,710,937
Land$1,040,369-$1,040,369
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rosemary BurkeVP External Relation$148,477$148,477
Dr Teresa GaratePREsident/CEO$143,363$143,363
Christopher MathDIRECTOR OF sales$114,089$114,089

Board Members and Trustees

NameTitle
joanna HorsnailBoard Chair
Eric GastevichChair-elect
Adam SchaefferDIrector
Barbara RiekseDirector
Bob RomoDirector
Christos LinardakisDirector
Ellen Garber BronfeldDirector
James SiskDIRector
Jason AdessDirector
John KemnitzDirector
Jon LinasDirector
Joseph M LevyDirector
Larry MarkinDIRector
Lauren K HillDirector
Lisa GutierrezDirector
Mary M McdonnellDIREctor
Michael HartmanDirector
Rickey FreemanDirector
Stacy BrownDirector
Susan JunDirector
Tanya CurtisDirector
Tiffany MillerDirector
William MackDIrector
elio montenegrodirector
sean murphydirector
BRIAN BulgerSecretary
STEVE GilsonTreasurer
Cheryl SmithV.P. Programs
James P NogaVP Finance/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$118,608
Investment Income
$25
Other Revenue
$0
Change in Net Assets
$-2,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$25
Revenue Not Reported on Financial Statements
$118,608
Revenue Not Reported on Form 990
$20,859,708
Other Revenue Adjustments
$118,608
Total Revenue per Audited Statements
$20,859,733
Total Revenue per Form 990
$118,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$118,590$0$0$118,590
Fees for Services Accounting$2,500$0$0$2,500
Other Expenses$25$0$0$25
Total Functional Expenses$121,115$0$0$121,115

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,929,800
Expenses Not Reported on Form 990$23,927,293
Total Expenses per Form 990$121,115
Expenses Not Reported on Financial Statements$118,608
Other Expense Adjustments$118,608
Expenses per Audited Statements$2,507
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Anixter Center$616,564
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

Center foundation is a wholly owned subsidiary of lester and rosalie anixter center ("anixter center"). Center foundation's by-laws indicate that anixter center shall control and manage the day-to-day operations of center foundation.

FORM 990, PART VI, SECTION A, LINE 6:

Anixter center is the sole member of center foundation.

FORM 990, PART VI, SECTION A, LINE 7A:

The governing body of center foundation is the board of directors of anixter center. As such, anixter center, through its board of directors, elects center foundation's governing body.

FORM 990, PART VI, SECTION A, LINE 7B:

The governing body of center foundation is the board of directors of anixter center. As such, all decisions of the governing body are made by anixter center, acting through the board.

FORM 990, PART VI, SECTION B, LINE 11:

It is the policy of the organization that the irs form 990 be provided and reviewed prior to its submission. A draft is sent to the audit and governance committees of anixter center asking the members to review the return. Any questions or comments are forwarded to the vice president finance/cfo of anixter center. If an item exists that needs discussion, it is forwarded to all committee members. After the review is completed, a final version of the return is sent to the entire anixter center board for comments prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

The board of directors are required to sign a conflict of interest statement annually. At all board meetings conflicts are documented and interested parties are requested to recuse themselves from voting on the matter at hand.

FORM 990, PART VI, SECTION B, LINE 15A:

Compensation for the ceo of anixter center is reviewed and approved by the executive committee and reported to the board of directors. Comparable data is considered in the review process.

FORM 990, PART VI, SECTION C, LINE 19:

Center foundation's and anixter center's governing documents are made available to the public upon request. The consolidated financial statements of anixter center along with anixter center's conflict of interest policy are made available to the public. Separate financial statements of center foundation alone are not made available to the public. The form 990 and annual report of anixter center along with the form 990 of center foundation are available on the anixter center website.

Filing and Contact Details

Filer

Filer Name
Center Foundation
EIN
36-3371659
In Care Of
% JIM LUNDSTROM
Phone
7737611501
Address
6610 N Clark Street, Chicago, IL 60626-4062

Signing Officer

Name
Jim Lundstrom
Title
COO
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Teresa Garate
Formed
1985
Legal Domicile
Il
Voting Board Members
27
Independent Board Members
27
Employees
0

Preparer

Firm
Bdo USA Llp
Address
9500 Bryn Mawr Ave, Rosemont, IL 60018
Preparer
Rebekuh Eley
Phone
8476762000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Anixter center has an audit committee responsible for the review of the annual audit and selection of the independent accounting firm. The committee has been in existence for a number of years with no change in responsibilities/processes from the prior year.

Financial Statement Notes

PART X, LINE 2:

The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code, except for net income derived from unrelated business activities. In addition, the Organization qualifies for the charitable contribution deduction under Section 170 and has been classified as an organization other than a private foundation under IRC Section 509(a). The Organizations income tax filings are subject to audit by various taxing authorities generally for three years after filing. In evaluating the Organizations activities, management believes its position of tax-exempt status is based on current facts and circumstances and there have been no uncertain positions taken related to recording income taxes. In the opinion of management there are no activities unrelated to the purpose of the Organization and therefore no tax is to be recognized.

PART XI, LINE 2D:

Revenue of anixter center included in consolidated financial statements revenue: $19,561,494 donated services: $284,328 (less) unrealized loss: ($341,990) anixter center revenue, net $1,355,876 revenue of affiliated hud entities included in consolidated financial statements revenue: $1,355,876 center foundation revenue, net: $1,355,876

PART XI, LINE 4B:

Rent revenue from anixter center, $118,633

PART XII, LINE 2D:

Expenses of anixter center included in consolidated financial statements expenses: $22,080,494 donated services: $284,328 anixter center expenses, net $22,364,822 expenses of affiliated hud entities included in consolidated financial statements expenses: $1,562,471 center foundation expenses, net: $1,562,471

PART XII, LINE 4B:

Rent revenue from anixter center, $118,633

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IRS990/Form990PartVIISectionAGrp/PersonNm21Jon Linas
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IRS990/Form990PartVIISectionAGrp/PersonNm23Barbara Riekse
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IRS990/Form990PartVIISectionAGrp/PersonNm31Rosemary Burke
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IRS990/Form990PartVIISectionAGrp/TitleTxt27VP Finance/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt28PREsident/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt29V.P. Programs
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.8$0.09$15.7$0.19$0.12$0.31
2023Detailed filing. Detailed filing data is available for this year.$14.5$0.08$14.4$7.47$0.10$7.37
2022Detailed filing. Detailed filing data is available for this year.$5.95$0.06$5.89$0.07$0.11$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.00$0.07$5.92$0.07$0.07$0.00
2020Detailed filing. Detailed filing data is available for this year.$5.99$0.07$5.92$0.67$0.16$0.51
2019Detailed filing. Detailed filing data is available for this year.$5.74$0.09$5.65$0.98$0.35$0.63
2018Detailed filing. Detailed filing data is available for this year.$5.07$0.05$5.02$2.47$0.13$2.33
2017Detailed filing. Detailed filing data is available for this year.$3.19$0.50$2.69$0.12$0.12$0.00
2016Detailed filing. Detailed filing data is available for this year.$3.31$0.62$2.69$0.12$0.12$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.42$0.73$2.69$0.12$0.12$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.54$0.85$2.69$0.09$0.12$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.96$2.72$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$1.94$2.76$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$1.95$2.67$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$2.00$2.43$0.83
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits