Civic Intelligence

Marwen Foundation Inc

990 • Fiscal year 2015 • EIN 36-3523622

Jan 01, 2015 to Dec 31, 2015 • Filed on May 11, 2016

833 North Orleans StreetChicago, IL 60610

(312) 944-2418

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.25x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.41x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

84th percentile

28%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

69th percentile

6.5%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

31%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$20,640,203

Up $1,264,162 (+6.5%) from 2014

Net Assets

Up

$15,434,557

Up $1,288,432 (+9.1%) from 2014

Liabilities

Down

$5,205,646

Down $24,270 (-0.5%) from 2014

Revenue

Up

$3,704,082

Up $880,134 (+31%) from 2014

Expenses

Up

$2,673,893

Up $32,128 (+1.2%) from 2014

Net Income

Up

$1,030,189

Up $848,006 (+465%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $11,597,459Liabilities 2010: $5,218,156Net Assets 2010: $6,379,3032010Assets 2011: $11,392,653Liabilities 2011: $5,222,795Net Assets 2011: $6,169,8582011Assets 2012: $15,824,577Liabilities 2012: $5,205,140Net Assets 2012: $10,619,4372012Assets 2013: $18,765,835Liabilities 2013: $5,235,593Net Assets 2013: $13,530,2422013Assets 2014: $19,376,041Liabilities 2014: $5,229,916Net Assets 2014: $14,146,1252014Assets 2015: $20,640,203Liabilities 2015: $5,205,646Net Assets 2015: $15,434,5572015Assets 2016: $20,279,621Liabilities 2016: $5,021,954Net Assets 2016: $15,257,6672016Assets 2017: $20,555,589Liabilities 2017: $4,143,762Net Assets 2017: $16,411,8272017Assets 2018: $18,867,951Liabilities 2018: $3,836,954Net Assets 2018: $15,030,9972018Assets 2019: $19,767,021Liabilities 2019: $3,909,359Net Assets 2019: $15,857,6622019Assets 2020: $20,555,233Liabilities 2020: $3,932,803Net Assets 2020: $16,622,4302020Assets 2021: $21,640,226Liabilities 2021: $4,025,187Net Assets 2021: $17,615,0392021Assets 2022: $19,480,884Liabilities 2022: $3,929,789Net Assets 2022: $15,551,0952022Assets 2023: $19,910,422Liabilities 2023: $3,851,566Net Assets 2023: $16,058,8562023Assets 2024: $20,683,794Liabilities 2024: $4,006,704Net Assets 2024: $16,677,0902024

Highlighted filing

2015

Assets$20,640,203
Liabilities$5,205,646
Net Assets$15,434,557

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,862,9922010Expenses 2011: $2,100,3512011Expenses 2012: $2,084,3992012Revenue 2013: $4,374,904Expenses 2013: $2,199,433Net Income 2013: $2,175,4712013Revenue 2014: $2,823,948Expenses 2014: $2,641,765Net Income 2014: $182,1832014Revenue 2015: $3,704,082Expenses 2015: $2,673,893Net Income 2015: $1,030,1892015Revenue 2016: $2,281,504Expenses 2016: $2,791,850Net Income 2016: -$510,3462016Revenue 2017: $3,231,586Expenses 2017: $2,669,179Net Income 2017: $562,4072017Revenue 2018: $2,620,107Expenses 2018: $2,654,701Net Income 2018: -$34,5942018Revenue 2019: $1,968,969Expenses 2019: $2,444,988Net Income 2019: -$476,0192019Revenue 2020: $2,137,194Expenses 2020: $2,408,258Net Income 2020: -$271,0642020Revenue 2021: $2,262,448Expenses 2021: $2,429,749Net Income 2021: -$167,3012021Revenue 2022: $2,057,035Expenses 2022: $2,907,075Net Income 2022: -$850,0402022Revenue 2023: $2,310,365Expenses 2023: $2,736,966Net Income 2023: -$426,6012023Revenue 2024: $3,657,950Expenses 2024: $2,776,588Net Income 2024: $881,3622024

Highlighted filing

2015

Revenue$3,704,082
Expenses$2,673,893
Net Income$1,030,189
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 11, 2016
Return Version
2015v2.1
Gross Receipts
$3,957,635
Mission and Program Overview

Mission

Marwen educates and inspires young people from under-resourced communities and schools through free visual arts programs.

Each year Marwen provides visual art courses, college planning and career development programs free of charge to underserved 6th-12th graders from across Chicago. Marwen educates and inspires under-served young people through rigorous, high-quality visual arts programs. Marwen helps students find new ways to view themselves, their futures, and the world around them through exposure to and practice of the visual arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,662,784$9,297,457▲ $4,634,673
Investments in Publicly Traded Securities$6,606,923$6,536,192▼ $70,731
Pledges and Grants Receivable$2,909,527$2,912,125▲ $2,598
Cash and Non-Interest-Bearing Accounts$443,729$925,060▲ $481,331
Savings and Temporary Cash Investments$3,576,526$720,927▼ $2,855,599
Prepaid Expenses and Deferred Charges$283,867$228,292▼ $55,575
Accounts Receivable$713,539$20,150▼ $693,389
Total Assets$19,376,041$20,640,203▲ $1,264,162
Other Assets Total$179,146--
Liabilities
Tax Exempt Bond Liabilities$5,080,000$5,080,000→ $0
Accounts Payable and Accrued Expenses$149,916$125,646▼ $24,270
Total Liabilities$5,229,916$5,205,646▼ $24,270
Net Assets / Fund Balance
Unrestricted Net Assets$7,262,052$11,854,711▲ $4,592,659
Temporarily Rstr Net Assets$6,884,073$3,579,846▼ $3,304,227
Total Net Assets Fund Balance$14,146,125$15,434,557▲ $1,288,432
Total Liabilities and Net Assets / Fund Balance$19,376,041$20,640,203▲ $1,264,162

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,544,823$1,260,715$8,805,538
Land$1,335,613-$1,335,613
Equipment$417,021$425,001$842,022
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Antonia Contra-$175,000$5,269$180,269

Board Members and Trustees

NameTitle
James Hill IiiBoard Chairman
Marcy CarlinBoard President, Chair Exec. Committee
Steve BerkowitzChairman Emeritus
Deborah QuazzoImmediate Past Chairman
Akilah WilliamsVice Chair
Carmita VaughanVice Chair
Doug GourleyVice Chair
Gail MarksVice Chair
Isa PressmanVice Chair
John SvobodaVice Chair
Rob BuonoVice Chair
Shalini SharmaVice Chair
Andrew DembitzBoard Member
Anne CoxBoard Member
Bryan TraubertBoard Member
Carol LevyBoard Member
Caryn EnglanderBoard Member
Elliot RawlsBoard Member
James PassBoard Member
Karen ZeldenBoard Member
Katherine ScottBoard Member
Susan CredleBoard Member
Vicki HoodBoard Member
Robert BuchsbaumSecretary
Andrew WeimerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Power Construction Company LLCGeneral services8750 W Bryn Mawr Ste 500, Chicago, IL 60631$3,190,403
Revenue and Support

Revenue Composition

Contributions and Grants
$3,703,183
Program Service Revenue
$27,269
Investment Income
$144,930
Other Revenue
$-171,300
All Other Contributions
$2,918,839
Change in Net Assets
$1,030,189

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table15$168,628Fair Market Value (FMV)
Other Non Cash Contri Table137$67,956Fair Market Value (FMV)
Securities Publicly Traded4$61,179Financial Publications
Other Non Cash Contri Table1$6,000List price
Total Noncash Contributions157$303,763-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,636,126
Revenue Not Reported on Financial Statements
$67,956
Revenue Not Reported on Form 990
$651,357
Other Revenue Adjustments
$67,956
Total Revenue per Audited Statements
$4,287,483
Total Revenue per Form 990
$3,704,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,589,432
Other Expenses$1,084,461
Total Fundraising Expense$668,393
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$654,590$95,313$325,971$1,075,874
Fees for Services Other$211,999$4,015$87,272$303,286
Current Officers, Directors, Trustees, and Key Employees$145,338$58,886$90,400$294,624
Depreciation Depletion$233,468$33,266$10,497$277,231
Occupancy$171,376$24,253$7,705$203,334
Payroll Taxes$68,441$10,815$34,737$113,993
Other Employee Benefits$50,718$8,015$25,742$84,475
All Other Expenses$13,270$13,834$16,171$43,275
Insurance$25,778$6,626$1,159$33,563
Fees for Services Accounting$0$23,782$0$23,782
Pension Plan Contributions$12,288$1,942$6,236$20,466
Other Expenses$19,837$0$0$19,837
Travel$10,062$573$4,212$14,847
Conferences and Meetings$2,875$986$7,386$11,247
Information Technology$10,955$0$0$10,955
Interest$2,414$344$109$2,867
Total Functional Expenses$1,718,254$287,246$668,393$2,673,893

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,859,494
Total Expenses per Form 990$2,673,897
Expenses per Audited Statements$2,605,941
Expenses Not Reported on Form 990$253,553
Expenses Not Reported on Financial Statements$67,956
Other Expense Adjustments$67,956
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$252,580
Fundraising Gross Income$81,280
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner/Auction$779,376$67,650$14,826$52,824
Art Fair$52,850$13,630$4,728$8,902
Total Events$832,226$81,280$252,580$-171,300
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2008-08-01$5,080,000See Schedule K, Part VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,081,296---

Bond Financing Compliance

No rebate due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
Filing and Contact Details

Filer

Filer Name
Marwen Foundation Inc
EIN
36-3523622
Phone
3129442418
Address
833 North Orleans Street, Chicago, IL 60610

Signing Officer

Name
Antonia Contro
Title
Executive Director
Phone
3129442418
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Antonia Contro
Formed
1987
Legal Domicile
Il
Voting Board Members
37
Independent Board Members
37
Employees
75
Volunteers
85

Preparer

Firm
Benford Brown & Associates LLC
Address
8334 S STONY ISLAND, CHICAGO, IL 60617
Preparer
Latasha M Davis
Phone
7737311300
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

Officers and Trustees are required to complete a Conflict of Interest Statement each year identifying any interest that could give rise to conflicts. These forms are reviewed and lists of potential conflicts are prepared and used to monitor the Officers and Trustees involvement with decisions throughout the year. If a matter is brought before the board regarding a company where an Officer or Trustee has a conflict, the Officer or Trustee would be asked to recuse him/herself.

Pt VI, Line 15A

Peridoically, a salary survey is conducted to include compensation of the top management officials at similarly sized non-profit organizations in the same georgraphic locale. This survey is provided to the executive leadership of the Executive Committee of the Board of Trustees. In addition, independent non-profit salary surveys are reviewed by Board leadership. This usually includes one or more of the following individuals: the Chairman of the Board, the President of the Board and the Chairman Emeritus. These individuals review the performance of the Executive Director over the past year considering progress toward accomplishment of individual and organizational goals, the financial strength of the organization and the salary survey provided. These considerations result in new goals for the upcoming year and decision on compensation which is then communicated to the CFO for implementation. The process was documented.

Pt VI, Line 19

Copies of the organization's governing documents are available to the public upon request at the organization's office for the same period of disclosure as set forth in IRC section 6104 (d).

Pt VI, Line 15B

Peridoically, a salary survey is conducted to include compensation of the top management officials (Director of Development, Director of Education and Director of Finance and Administration) at similarly sized non-profit organizations in the same georgraphic locale. The performance of these individuals over the past year is reviewed in connection with progress towards accomplishment of individual and organizationas goals, the financial strength of the organization and the salary survey provided. These considerations result in new goals for the upcoming year and a decision on compensation which is then communicated to the CFO for implementation.

Pt VI, Line 11B

The Board of Trustees has delegated the authority to review and approve Marwen's Form 990 to the Finance Committee. This delegation was made at the May 2009 Board of Trustees meeting and remains in effect for the 2015 calendar year.

Pt VI, Line 2

Rob Buono family relationship with William Singer.

Other

Part iii, line 4d, other program services:"career development programs - designed to teach students essential job skills and provide on-the-job professional training, marwen's career programs allow students to explore career options in the arts and develop essential professional skills such as resume development, interviewing techniques, and portfolio preparation. Art at work, a paid summer internship program, connects students with creative businesses and engages them in a commissioned art project for a client. Comprehensive portfolio development programs help students make choices about how they present their artwork, supporting them as they document, select, and present a body of work and compose a strong artist statement. These portfolios are reviewed by marwen staff and counselors, art professionals, and admissions representatives at our annual portfolio day.additional programs include lab, exhibition, design and alumni, all of which further marwen's mission."

Form 990, Part III, Line 4D

Career Development Programs designed to teach students essential job 522205. 0. 27269.

Form 990, Part III, Line 4D

These portfolios are reviewed by marwen staff and counselors, art professionals, and admissions 0. 0

Form 990, Part IX, Line 24E

Other miscellaneous expenses 43275. 13270. 13834. 16171.

Financial Statement Notes

Pt XI, Line 2D

Loss on Sale of Equipment $973, Special events $252,580.

Pt XI, Line 4B

Costs of gifts in-kind that are auctioned at special events are netted against the contribution amounts on the financial statements.

Pt XII, Line 2D

Loss on Sale of Equipment $973, Special events $252,580.

Pt XII, Line 4B

Costs of gifts in-kind that are auctioned at special events are netted against the contribution amounts on the financial statements.

Pt III, Line 4

Marwen, an illinois nonprofit corporation, is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable state law, except for taxes pertaining to unrelated business income. Rental income related to the building is subject to the unrelated business income tax guidelines. Marwen files forms 990 in the u.s. Federal jurisdiction and the state of illinois. Marwen follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under the guidance, marwen may recognize the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of marwen and various positions related to potential sources of unrelated business taxable income. As of december 31, 2015 and 2014, there were no unrecognized tax benefits identified or recorded as liabilities. Marwen is generally no longer subject to examination by the internal revenue service for years before 2012.

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IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE PROGRAMS- MARWEN STUDENTS AND THEIR FAMILIES OF TEN HAVE LIMITED ACCESS TO INFORMATION AND SUPPORT SURROUNDING THE COLLEGE APPLICATION PROCESS. MARWEN'S COLLEGE PLANNING OFFERS STUDENTS AND FAMILIES GUIDANCE AND RESOURCES THROUGH WORKSHOPS, FIELD TRIPS, EVENTS, AND COUNSELING. COLLEGE PROGRAMS HELP STUDENTS PREPARE APPLICATIONS, APPLY FOR FINANCIAL AID , PURSUE SCHOLARSHIP OPPORTUNITIES, AND PREPARE FOR ACT/SAT TESTING. ADDITIONALLY, MARWEN HOSTS AN ANNUAL COLLEGE FAIR THAT CONNECTS STUD
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IRS990/ProgSrvcAccomActy3Grp/Desc0MARWEN INSTITUTE- THE MARWEN INSTITUTE MAXIMIZES STUDENT LEARNING THROUGH PROGRAMS FOR TEACHING ARTISTS AND ASSISTANTS TO TEACH AND LEARN IN THE ARTS. PROFESSIONAL DEVELOPMENT PROGRAMS EXPLORE BEST TEACHING PRACTICES THROUGH ORIENTATIONS, WORKSHOPS, PRE- AND POST-TERM MEETINGS, THE PEER-TO-PEER EXCHANGE PROGRAM, THE ANNUAL RETREAT, AND THE ONGOING TEACHING ARTISTS FELLOWS PROGRAM. PROGRAM EVALUATION AND ASSESSMENT GENERATES ENHANCED UNDERSTANDING OF STUDENT LEARNING AT MARWEN THROUGH INDIVIDUAL
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0CAREER DEVELOPMENT PROGRAMS DESIGNED TO TEACH STUDENTS ESSENTIAL JOB SKILLS AND PROVIDE ON THE JOB PROFESSIONAL TRAINING, MARWEN'S CAREER PROGRAMS ALLOW SKILLS AND PROVIDE ON THE JOB PROFESSIONAL TRAINING, MARWEN'S CAREER PROGRAMS ALLOW SKILLS AND PROVIDE ON THE JOB PROFESSIONAL TRAINING, MARWEN'S CAREER PROGRAMS ALLOW SKILLS AND PROVIDE ON THE JOB PROFESSIONAL TRAINING, MARWEN'S CAREER PROGRAMS ALLOW SKILLS AND PROVIDE ON THE JOB PROFESSIONAL TRAINING, MARWEN'S CAREER PROGRAMS ALLOW SKILLS AND
IRS990/ProgSrvcAccomActyOtherGrp/Desc1These portfolios are reviewed by Marwen staff and counselors, art professionals, and admissions representatives at our annual Portfolio Day.
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IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt027269

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.7$4.01$16.7$3.66$2.78$0.88
2023Detailed filing. Detailed filing data is available for this year.$19.9$3.85$16.1$2.31$2.74$0.43
2022Detailed filing. Detailed filing data is available for this year.$19.5$3.93$15.6$2.06$2.91$0.85
2021Detailed filing. Detailed filing data is available for this year.$21.6$4.03$17.6$2.26$2.43$0.17
2020Detailed filing. Detailed filing data is available for this year.$20.6$3.93$16.6$2.14$2.41$0.27
2019Detailed filing. Detailed filing data is available for this year.$19.8$3.91$15.9$1.97$2.44$0.48
2018Detailed filing. Detailed filing data is available for this year.$18.9$3.84$15.0$2.62$2.65$0.03
2017Detailed filing. Detailed filing data is available for this year.$20.6$4.14$16.4$3.23$2.67$0.56
2016Detailed filing. Detailed filing data is available for this year.$20.3$5.02$15.3$2.28$2.79$0.51
2015Detailed filing. Detailed filing data is available for this year.$20.6$5.21$15.4$3.70$2.67$1.03
2014Detailed filing. Detailed filing data is available for this year.$19.4$5.23$14.1$2.82$2.64$0.18
2013Detailed filing. Detailed filing data is available for this year.$18.8$5.24$13.5$4.37$2.20$2.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$5.21$10.6$2.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$5.22$6.17$2.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$5.22$6.38$1.86