Civic Intelligence

Lane Tech Alumni Association Inc.

990 • Fiscal year 2018 • EIN 36-3450898

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 31, 2019

3525 W Peterson Unit 105Chicago, IL 60659

(773) 935-9351

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.09x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.30x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

24th percentile

-6.4%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

44%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$780,128

Down $53,276 (-6.4%) from 2017

Net Assets

Down

$706,883

Down $77,745 (-9.9%) from 2017

Liabilities

Up

$73,245

Up $24,469 (+50%) from 2017

Revenue

Up

$244,879

Up $75,128 (+44%) from 2017

Expenses

Up

$303,750

Up $100,874 (+50%) from 2017

Net Income

Down

-$58,871

Down $25,746 (-78%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$780,128
Liabilities$73,245
Net Assets$706,883

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$244,879
Expenses$303,750
Net Income-$58,871
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 31, 2019
Return Version
2017v2.0
Gross Receipts
$257,058
Mission and Program Overview

Mission

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 affilated with an urban, public high school, the lane tech alumni association providesexceptional member services and impactful philanthropic programs that create meaningful connections, celebrate the school's history and culture, and support life-long learning.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$769,986$734,244▼ $35,742
Rtn Earn Endowment Incm Other Fnds$784,628$706,883▼ $77,745
Cash and Non-Interest-Bearing Accounts$52,301$39,801▼ $12,500
Inventories for Sale or Use$10,179$5,118▼ $5,061
Prepaid Expenses and Deferred Charges$938$965▲ $27
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$833,404$780,128▼ $53,276
Liabilities
Deferred Revenue-$73,245-
Grants Payable$48,022--
Accounts Payable and Accrued Expenses$754--
Total Liabilities$48,776$73,245▲ $24,469
Net Assets / Fund Balance
Total Net Assets Fund Balance$784,628$706,883▼ $77,745
Total Liabilities and Net Assets / Fund Balance$833,404$780,128▼ $53,276
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michelle WeinerPresident
Jim GuerinVice President
Avrom LitinBoard Member
Fred GlureBoard Member
Jim AscotBoard Member
Joe LawniczakBoard Member
Kevin SheldonBoard Member
Marie McJiltonBoard Member
Marion SynowiecBoard Member
Maurel SamonteBoard Member
Sharon ManjackBoard Member
Stuart EngBoard Member
Tod McElhaneyBoard Member
Deidre BaumannSecretary
Kim KiddTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$170,366
Program Service Revenue
$30,335
Investment Income
$32,905
Other Revenue
$11,273
All Other Contributions
$155,729
Change in Net Assets
$-58,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,426
Grants and Similar Amounts Paid$85,121
Salaries, Compensation, and Employee Benefits$47,203
Total Fundraising Expense$27,490
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$58,920--$58,920
Other Salaries and Wages$21,913$13,148$8,766$43,827
Grants to Domestic Orgs$26,201--$26,201
Office Expenses-$13,677-$13,677
Occupancy-$11,800-$11,800
Other Expenses$0$10,616$0$10,616
Fees for Services Accounting-$7,995-$7,995
Information Technology$3,706$2,224$1,482$7,412
Advertising--$5,105$5,105
Insurance-$3,632-$3,632
Payroll Taxes$1,688$1,013$675$3,376
All Other Expenses$210-$87$297
Total Functional Expenses$212,155$64,105$27,490$303,750
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lane Tech College Prep High SchoolChicago, IL-LTAA Grant Program$23,701
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,249
Fundraising Direct Expenses$8,801
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$17,249$17,249$0$17,249
Total Events$17,249$17,249$8,801$8,448
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
Annual disclosure for covered persons
Yes
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
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 Committee. 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

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 C, Line 19

LTAA's conflict of interest policy, financial statements, Form 990, and governing documents were available by contacting the organization's office by phone, email, or in person. Form 990 is also available on Guidestar.org.

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
President
Phone
7739359351
Signed
2019-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Weiner
Formed
1986
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
2

Preparer

Firm
MissionFirst Accounting PC
Address
PO Box 916, Saint Charles, IL 60174
Preparer
Linda Swick
Phone
6308785256
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
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IRS990/MissionDesc0To 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0784628
IRS990/NetAssetsOrFundBalancesEOYAmt0706883
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt08448
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08448
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02300
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02300
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt02031
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt011800
IRS990/OccupancyGrp/TotalAmt011800
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013677
IRS990/OfficeExpensesGrp/TotalAmt013677
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Sensory Room expenses
IRS990/OtherExpensesGrp/Desc1Member and school events
IRS990/OtherExpensesGrp/Desc2Member Mailings
IRS990/OtherExpensesGrp/Desc3Inventory Adjustment
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt211375
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt310616
IRS990/OtherExpensesGrp/ProgramServicesAmt061667
IRS990/OtherExpensesGrp/ProgramServicesAmt126476
IRS990/OtherExpensesGrp/ProgramServicesAmt211374
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt061667
IRS990/OtherExpensesGrp/TotalAmt126476
IRS990/OtherExpensesGrp/TotalAmt222749
IRS990/OtherExpensesGrp/TotalAmt310616
IRS990/OtherRevenueTotalAmt0525
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08766
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013148
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021913
IRS990/OtherSalariesAndWagesGrp/TotalAmt043827
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0675
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01013
IRS990/PayrollTaxesGrp/ProgramServicesAmt01688
IRS990/PayrollTaxesGrp/TotalAmt03376
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0938
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0965
IRS990/PrincipalOfficerNm0Michelle Weiner
IRS990/PriorPeriodAdjustmentsAmt0-18874
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813410
IRS990/ProgramServiceRevenueGrp/Desc0Member events
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt030335
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Connecting people and community-building is a primary focus of the LTAA. Constituent groups include over 9,000 alumni members and non-members, 4500 students and 350 faculty and staff, as well as affinity groups like the Friends of Lane, Local School Council, Football and Baseball Alumni groups and the Black Alumni Assn. The LTAA publishes a quarterly magazine that reaches more than 3500 readers and offers a robust ommunication/information conduit through various social media platforms which have a combined 16,993 followers, and hundreds of thousands of impressions. Regular networking events, Speakers Forum Series and class reunions also fall under the purview of the LTAA, as well as various athletic and community events.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047162
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt029695
IRS990/ProgSrvcAccomActy3Grp/Desc0The LTAA Teacher Innovation Grant Program was established in 2010 to offset system-wide budget deficiencies and promote best-in-class curriculum. The cumulative total of innovation awards reached $208,000 in FY2017/18. Grants have supported championship mock trial teams, provided athletic uniforms and equipment, musical instruments, scientific and robotics equipment, theatrical costumes and props, shop equipment, and much more. Teacher Innovation 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 LTAA has also initiated a college tour sponsorship program where juniors and seniors can visit regional colleges and universities they might not otherwise consider, expanding choices for higher education. In FY2017/18 the LTAA also completed a Sensory Wellbeing Hub with the assistance of HKS Architects, where the 220 students with autism or severe and profound disabilities at Lane Tech can avail themselves of a therapeutic environment that enables better learning outcomes.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt096970
IRS990/ProgSrvcAccomActy3Grp/GrantAmt023701
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt049257
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt091925
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt075795
IRS990/PYInvestmentIncomeAmt030793
IRS990/PYOtherExpensesAmt080615
IRS990/PYOtherRevenueAmt024350
IRS990/PYProgramServiceRevenueAmt022683
IRS990/PYRevenuesLessExpensesAmt0-33125
IRS990/PYSalariesCompEmpBnftPaidAmt046466
IRS990/PYTotalExpensesAmt0202876
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0169751
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-58871
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt063182
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0784628
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0706883
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0769986
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0734244
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0170366
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt091925
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt059187
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt056732
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt051454
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0429664
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt032905
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt032905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt030335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt024793
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0102647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0101247
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0111869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0370891
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt032905
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt032905
IRS990ScheduleA/InvestmentIncomeCYPct00.03948
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96052
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt0800555
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0200701

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