Civic Intelligence

Lane Tech Alumni Association Inc

EIN 36-3450898 • 501(c)3 • Chicago, IL

Profile

To champion the life-long relationship of Lane Tech graduates to their alma mater, to one another, and to the greater community of Lane Tech. The Lane Tech Alumni Association will set the gold standard for a dynamic, intergenerational alumni organization affiliated with an urban, public high school. The Lane Tech Alumni Association provides exceptional member services and impactful philanthropic programs that create meaningful connections, celebrate the school's history and culture, and support life-long learning.

3525 W Peterson Unit 105Chicago, IL 60659

www.lanetechalumni.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.12x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.32x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

35th percentile

-2.1%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

3.0%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

31st percentile

-4.4%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$954,721

Down $6,281 (-0.7%) from 2023

Liabilities

Up

$117,809

Up $1,306 (+1.1%) from 2023

Net Assets

Down

$836,912

Down $7,587 (-0.9%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin35th percentile

Revenue

Down

$368,031

Down $6,846 (-1.8%) from 2023

Expenses

Up

$375,618

Up $50,599 (+16%) from 2023

Net Income

Down

-$7,587

Down $57,445 (-115%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2013: $1,065,266Liabilities 2013: $63,599Net Assets 2013: $1,001,6672013Assets 2014: $961,482Liabilities 2014: $60,331Net Assets 2014: $901,1512014Assets 2015: $896,208Liabilities 2015: $38,451Net Assets 2015: $857,7572015Assets 2016: $838,522Liabilities 2016: $40,619Net Assets 2016: $797,9032016Assets 2017: $833,404Liabilities 2017: $48,776Net Assets 2017: $784,6282017Assets 2018: $780,128Liabilities 2018: $73,245Net Assets 2018: $706,8832018Assets 2019: $776,662Liabilities 2019: $73,625Net Assets 2019: $703,0372019Assets 2020: $831,252Liabilities 2020: $176,023Net Assets 2020: $655,2292020Assets 2021: $805,795Liabilities 2021: $96,537Net Assets 2021: $709,2582021Assets 2022: $900,336Liabilities 2022: $106,866Net Assets 2022: $793,4702022Assets 2023: $961,002Liabilities 2023: $116,503Net Assets 2023: $844,4992023Assets 2024: $954,721Liabilities 2024: $117,809Net Assets 2024: $836,9122024

Highlighted filing

2024

Assets$954,721
Liabilities$117,809
Net Assets$836,912
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2013: $301,7582013Revenue 2014: $165,001Expenses 2014: $273,688Net Income 2014: -$108,6872014Revenue 2015: $158,869Expenses 2015: $166,771Net Income 2015: -$7,9022015Revenue 2016: $150,299Expenses 2016: $185,410Net Income 2016: -$35,1112016Revenue 2017: $169,751Expenses 2017: $202,876Net Income 2017: -$33,1252017Revenue 2018: $244,879Expenses 2018: $303,750Net Income 2018: -$58,8712018Revenue 2019: $252,254Expenses 2019: $256,023Net Income 2019: -$3,7692019Revenue 2020: $233,962Expenses 2020: $242,655Net Income 2020: -$8,6932020Revenue 2021: $228,668Expenses 2021: $218,873Net Income 2021: $9,7952021Revenue 2022: $402,413Expenses 2022: $318,677Net Income 2022: $83,7362022Revenue 2023: $374,877Expenses 2023: $325,019Net Income 2023: $49,8582023Revenue 2024: $368,031Expenses 2024: $375,618Net Income 2024: -$7,5872024

Highlighted filing

2024

Revenue$368,031
Expenses$375,618
Net Income-$7,587
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$954,721
Liabilities
$117,809
Net assets
$836,912
Revenue
$368,031
Expenses
$375,618
Net income
-$7,587
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.95$0.12$0.84$0.37$0.38$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.12$0.84$0.37$0.33$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.11$0.79$0.40$0.32$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.10$0.71$0.23$0.22$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.18$0.66$0.23$0.24$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.07$0.70$0.25$0.26$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.07$0.71$0.24$0.30$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.05$0.78$0.17$0.20$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.04$0.80$0.15$0.19$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.04$0.86$0.16$0.17$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.06$0.90$0.17$0.27$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.06$1.00$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$396,051
Mission and Program Overview

Mission

To promote and support Lane Tech through the provision of meaningful programs, events, and services that connect alumni and students to one another, to the school, and to other groups or individuals whose mission aligns with the Lane Tech Alumni Association. We seek to cultivate a spirit of loyalty and lifelong commitment to our alma mater and camaraderie with fellow alumni.

To champion the life-long relationship of lane tech graduates to their alma mater, to one another, and to the greater community of lane tech.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$880,338$582,726▼ $297,612
Cash and Non-Interest-Bearing Accounts$44,986$355,567▲ $310,581
Pledges and Grants Receivable$20,000--
Prepaid Expenses and Deferred Charges$2,058$3,313▲ $1,255
Inventories for Sale or Use$4,046$2,378▼ $1,668
Total Assets$961,002$954,721▼ $6,281
Other Assets Total$9,574$10,737▲ $1,163
Liabilities
Tax Exempt Bond Liabilities$114,031$112,020▼ $2,011
Accounts Payable and Accrued Expenses$2,472$5,789▲ $3,317
Total Liabilities$116,503$117,809▲ $1,306
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$569,242$560,708▼ $8,534
Net Assets With Donor Restrictions$275,257$276,204▲ $947
Total Net Assets Fund Balance$844,499$836,912▼ $7,587
Total Liabilities and Net Assets / Fund Balance$961,002$954,721▼ $6,281
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Michelle WeinerExecutive DirectorPT$66,749$66,749

Board Members and Trustees

NameTitle
Herbert BergPresident
Melissa Reardon HenryVice President
Anne LeeBoard Member
Brenda TorcioBoard Member
Cory GundersonBoard Member
Deidre BaumannBoard Member
Jim AscotBoard Member
Julie SulzenBoard Member
Kim KiddBoard Member
Luis JimenezBoard Member
Marion SynowiecBoard Member
Ray GeieseBoard Member
Scott GirardBoard Member
Stuart EngBoard Member
Todd McelhaneyBoard Member
Bob BlassickBoard Member / Treasurer
Joanna PerezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$298,069
Program Service Revenue
$0
Investment Income
$42,831
Other Revenue
$27,131
All Other Contributions
$271,667
Change in Net Assets
$-7,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$198,780
Other Expenses$89,714
Salaries, Compensation, and Employee Benefits$87,124
Total Fundraising Expense$17,198
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$155,500--$155,500
Comp Disqual Persons$44,485$28,454$7,994$80,933
Grants to Domestic Orgs$43,280--$43,280
Fees for Services Accounting-$22,631-$22,631
Occupancy$9,427$3,354$4,285$17,066
Office Expenses$9,209$1,910$2,725$13,844
Payroll Taxes$3,489$2,084$618$6,191
Information Technology$2,552$1,588$1,160$5,300
Conferences and Meetings$384$2,225$57$2,666
Insurance$1,797-$359$2,156
Other Expenses$20,236$397-$397
Total Functional Expenses$290,359$68,061$17,198$375,618
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lane Tech College Prep High SchoolChicago, IL-Teacher Innovation Grants$43,280
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,515
Fundraising Direct Expenses$24,708
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
All Events$48,515$48,515$24,708$23,807
Total Events$48,515$48,515$24,708$23,807
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
Yes
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

“A draft of the form 990 and accompanying schedules is reviewed by the executive committe. After comments and questions are resolved, a copy is sent to the full board. The return is then efiled.”

Form 990, Part VI, Section B, Line 12C

“Form 990, part vi, section b, line 12c - in accordance with our conflict of interest policy, board members, officers, and employees are required to disclose all actual and potential conflicts of interest. They also review and sign the policy annually attesting to their compliance.”

Form 990, Part VI, Section B, Line 15

“Form 990, part vi, section b, line 15 - the annual process for determining compensation is as follows: the ltaa executive committee shall annually evaluate the primary employee(s) on his/her performance and ask for his/her input on matters of performance and compensation. The executive committee will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of the primary employee based on a review of comparability data for similarly qualified individuals in comparable positions at similar organizations. To approve the compensation for the primary employee and other compensated employees the board will document how it reached its decisions, including the data on which it relied, in minutes of the meeting during which the compensation was approved.”

Form 990, Part VI, Section C, Line 19

“Form 990, part vi, section c, line 19 - the ltaa enjoys a gold rating for transparency from guidestar/candid and a 96pt/4-star rating from charity navigator where form 990 and related information can be viewed". Governing documents, financial statements and conflict of interest policy are available to voting members via request in person, by telephone or email.”

Filing and Contact Details

Filer

Filer Name
Lane Tech Alumni Association Inc
EIN
36-3450898
Phone
7739359351
Address
3525 W PETERSON UNIT 105, CHICAGO, IL 60659

Signing Officer

Name
Michelle Weiner
Title
Executive Director
Phone
7739359351
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Weiner
Formed
1986
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
91

Preparer

Firm
Weiss & Company Llp
Address
2700 PATRIOT BOULEVARD - SUITE 400, GLENVIEW, IL 60026
Preparer
Christopher S Bozarth
Phone
8474418800
Supplemental Narrative

Financial Statement Notes

Schedule D Part X Line 2

“Ltaa is a nonprofit organization exempt from federal income taxes under section 501(c)(3) of the united states internal revenue code (the "code"), except to the extent it has unrelated business income. The organization follows the guidance of accounting standards codification (asc 740) accounting for income taxes, related to the uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return.”

Raw XML AppendixShowing 400 of 541 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/ActivityOrMissionDesc0TO CHAMPION THE LIFE-LONG RELATIONSHIP OF LANE TECH GRADUATES TO THEIR ALMA MATER, TO ONE ANOTHER, AND TO THE GREATER COMMUNITY OF LANE TECH.
IRS990/AllOtherContributionsAmt0271667
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IRS990/Desc0FOR THIRTY-EIGHT YEARS, THE LTAA SCHOLARSHIP PROGRAM HAS REMAINED THE HALLMARK PHILANTHROPIC INITIATIVE FOR THE LTAA WITH A CUMULATIVE TOTAL OF MORE THAN 3.2 MILLION DOLLARS ADMINISTERED OVER THE LIFESPAN OF THE PROGRAM. IN FY24, THIRTY-SIX GRADUATING SENIORS RECEIVED SCHOLARSHIPS RANGING FROM $1,000 TO $10,000, SETTING THEM ON A PATH FOR SUCCESS FOR AT LEAST THEIR FRESHMAN YEAR, AND IN SOME CASES, FOR FOUR YEARS. 36% OF THE STUDENTS AT LANE TECH ARE FROM LOW OR MODERATELY LOW-INCOME FAMILIES. MANY ARE FROM IMMIGRANT FAMILIES, SINGLE PARENT HOMES, FIRST GENERATION COLLEGE-BOUND, AND ALL HAVE SOME LEVEL OF FINANCIAL NEED, STILL COMPOUNDED BY COVID-RELATED ECONOMIC STRESSORS. LTAA SCHOLARSHIPS PROVIDE "LAST MILE" FINANCING SO THAT THE HIGH-POTENTIAL STUDENTS OF LANE CAN ATTEND THEIR BEST-FIT INSTITUTIONS. THE LTAA SOLICITS SCHOLARSHIP DONORS, DESIGNS AND ADMINISTERS THE PROGRAMS, DISTRIBUTES FUNDS, AND DOCUMENTS THE RESULTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER / TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
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IRS990/MissionDesc0TO CHAMPION THE LIFE-LONG RELATIONSHIP OF LANE TECH GRADUATES TO THEIR ALMA MATER, TO ONE ANOTHER, AND TO THE GREATER COMMUNITY OF LANE TECH. THE LANE TECH ALUMNI ASSOCIATION WILL SET THE GOLD STANDARD FOR A DYNAMIC, INTERGENERATIONAL ALUMNI ORGANIZATION AFFILATED WITH AN URBAN, PUBLIC HIGH SCHOOL. THE LANE TECH ALUMNI ASSOCIATION PROVIDES EXCEPTIONAL MEMBER SERIVCES AND IMPACTFUL PHILANTHROPIC PROGRAMS THAT CREATE MEANINGFUL CONNECTIONS, CELEBRATE THE SCHOOL'S HISTORY AD CULTURE, AND SUPPORT LIFE-LONG LEARNING.
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2397
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IRS990/PrincipalOfficerNm0MICHELLE WEINER
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE LTAA FACULTY INNOVATION GRANT PROGRAM WAS ESTABLISHED IN 2010 TO OFFSET SYSTEM-WIDE BUDGET DEFICIENCIES AND PROMOTE A BEST-IN-CLASS CURRICULUM. THE CUMULATIVE TOTAL OF INNOVATION AWARDS HAS EXCEEDED $332,800 SINCE THE PROGRAM'S INCEPTION. THESE GRANTS HELP ELEVATE THE RIGOR AND CALIBER OF LEARNING AT LANE AND HAVE SUPPORTED A VARIETY OF ACTIVITIES FROM SPECIAL EQUIPMENT TO IMMERSIVE EXPERIENCES. THESE GRANTS TOUCH VIRTUALLY EVERY ONE OF THE MORE THAN 4,500 STUDENTS AT LANE AND ENABLE THE FACULTY AND STAFF TO OFFER MORE PROGRAMS AND EXTRACURRICULAR ACTIVITIES THAN ANY OTHER CPS HIGH SCHOOL. THE GRANT PROGRAM IS A CRITICAL COMPONENT OF A HOLISTIC APPROACH IN SUPPORT OF THE STUDENTS OF LANE TECH THROUGH EDUCATIONAL ENHANCEMENTS, COLLEGE-READINESS, AND ACCESS TO HIGHER EDUCATION.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt048351
IRS990/ProgSrvcAccomActy3Grp/Desc0CONNECTING PEOPLE AND COMMUNITY-BUILDING IS A PRIMARY FOCUS OF THE LTAA. CONSTITUENT GROUPS INCLUDE OVER 9,000 ALUMNI, 4,500 STUDENTS AND 350 FACULTY AND STAFF, AS WELL AS AFFINITY GROUPS, NEIGHBORS AND FRIENDS. THE LTAA PUBLISHES A BIANNUAL MAGAZINE THAT REACHES MORE THAN 4,000 READERS, AND A DIGITAL NEWSLETTER TWO TIMES PER MONTH. THE LTAA ENGAGES VARIOUS SOCIAL MEDIA PLATFORMS WITH A COMBINED 20,000 FOLLOWERS, AND TRACKS HUNDREDS OF THOUSANDS OF IMPRESSIONS, THE LTAA CONTINUES TO RELY ON TECHNOLOGY TO BRING CONSTITUENTS TOGETHER VIA VIRTUAL EVENTS, AND MANAGES A PORTFOLIO OF IN-PERSON EVENTS IN CHICAGO AND BEYOND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt075811
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt010254
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