Civic Intelligence

Chicago Human Rhythm Project

990 • Fiscal year 2017 • EIN 36-3638682

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 07, 2018

410 S Michigan AveChicago, IL 60605

(312) 542-2477

Siviq Scores

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

Liabilities / Assets

75th percentile

0.25x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.15x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

22nd percentile

-8.9%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

20th percentile

-6.3%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

66th percentile

14%

Faster revenue growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$491,598

Down $32,895 (-6.3%) from 2016

Net Assets

Down

$370,357

Down $71,150 (-16%) from 2016

Liabilities

Up

$121,241

Up $38,255 (+46%) from 2016

Revenue

Up

$803,550

Up $99,163 (+14%) from 2016

Expenses

Down

$874,700

Down $106,510 (-11%) from 2016

Net Income

Up

-$71,150

Up $205,673 (+74%) from 2016

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: $803,254Liabilities 2013: $124,467Net Assets 2013: $678,7872013Assets 2014: $828,423Liabilities 2014: $118,623Net Assets 2014: $709,8002014Assets 2015: $757,005Liabilities 2015: $38,675Net Assets 2015: $718,3302015Assets 2016: $524,493Liabilities 2016: $82,986Net Assets 2016: $441,5072016Assets 2017: $491,598Liabilities 2017: $121,241Net Assets 2017: $370,3572017Assets 2018: $574,536Liabilities 2018: $177,703Net Assets 2018: $396,8332018Assets 2019: $448,369Liabilities 2019: $67,363Net Assets 2019: $381,0062019Assets 2020: $548,262Liabilities 2020: $116,135Net Assets 2020: $432,1272020Assets 2021: $1,351,849Liabilities 2021: $473,874Net Assets 2021: $877,9752021Assets 2022: $1,314,230Liabilities 2022: $417,422Net Assets 2022: $896,8082022Assets 2024: $1,340,159Liabilities 2024: $327,228Net Assets 2024: $1,012,9312024

Highlighted filing

2017

Assets$491,598
Liabilities$121,241
Net Assets$370,357

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $868,810Expenses 2013: $894,182Net Income 2013: -$25,3722013Revenue 2014: $850,567Expenses 2014: $819,554Net Income 2014: $31,0132014Revenue 2015: $971,846Expenses 2015: $963,316Net Income 2015: $8,5302015Revenue 2016: $704,387Expenses 2016: $981,210Net Income 2016: -$276,8232016Revenue 2017: $803,550Expenses 2017: $874,700Net Income 2017: -$71,1502017Revenue 2018: $809,570Expenses 2018: $783,094Net Income 2018: $26,4762018Revenue 2019: $812,278Expenses 2019: $828,105Net Income 2019: -$15,8272019Revenue 2020: $553,538Expenses 2020: $502,417Net Income 2020: $51,1212020Revenue 2021: $983,010Expenses 2021: $537,162Net Income 2021: $445,8482021Revenue 2022: $876,418Expenses 2022: $857,585Net Income 2022: $18,8332022Revenue 2024: $1,013,951Expenses 2024: $865,675Net Income 2024: $148,2762024

Highlighted filing

2017

Revenue$803,550
Expenses$874,700
Net Income-$71,150
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 7, 2018
Return Version
2017v2.2
Gross Receipts
$931,345
Mission and Program Overview

Mission

Building community through american tap and contemporary percussive arts in world class, innovative performance, education and outreach programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$338,190$308,951▼ $29,239
Pledges and Grants Receivable$135,500$124,693▼ $10,807
Cash and Non-Interest-Bearing Accounts$8,731$25,287▲ $16,556
Savings and Temporary Cash Investments$17,509$15,010▼ $2,499
Accounts Receivable$15,313$7,841▼ $7,472
Prepaid Expenses and Deferred Charges$1,250$1,816▲ $566
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$524,493$491,598▼ $32,895
Other Assets Total$8,000$8,000→ $0
Liabilities
Unsecured Notes Loans Payable$9,968$79,882▲ $69,914
Accounts Payable and Accrued Expenses$68,968$39,941▼ $29,027
Deferred Revenue$4,050$1,418▼ $2,632
Total Liabilities$82,986$121,241▲ $38,255
Net Assets / Fund Balance
Unrestricted Net Assets$260,458$197,683▼ $62,775
Temporarily Rstr Net Assets$181,049$172,674▼ $8,375
Total Net Assets Fund Balance$441,507$370,357▼ $71,150
Total Liabilities and Net Assets / Fund Balance$524,493$491,598▼ $32,895

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$261,289$229,175$490,464
Other Land Buildings$47,662$41,315$88,977
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lane AlexanderExecutive DirectorFT$83,000$83,000

Board Members and Trustees

NameTitle
Michael FosterBoard Chair
Claudette SmithVice Chair
Alex FeltonDirector
Ben KoppelDirector
Irene MicahelsDirector
John GingellDirector
Pablo RobertoDirector
ZJ TongSecretary
Cari SheinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$470,933
Program Service Revenue
$304,668
Investment Income
$13
Other Revenue
$27,936
All Other Contributions
$379,262
Change in Net Assets
$-71,150

Audited Revenue Reconciliation

Revenue per Audited Statements
$803,550
Revenue Not Reported on Form 990
$179,898
Total Revenue per Audited Statements
$983,448
Total Revenue per Form 990
$803,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$630,692
Salaries, Compensation, and Employee Benefits$244,008
Total Fundraising Expense$23,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$70,323$63,731$13,153$147,207
Other Salaries and Wages$96,571$44,834-$141,405
Current Officers, Directors, Trustees, and Key Employees$62,250$20,750-$83,000
Advertising$33,354$6,028$1,765$41,147
Depreciation Depletion$35,733$3,903-$39,636
All Other Expenses$31,955$1,705$3,760$37,420
Office Expenses$19,631$13,886$2,106$35,623
Travel$30,418$2,239$1,506$34,163
Payroll Taxes-$19,603-$19,603
Other Expenses$13,799$120$1,650$13,799
Occupancy$6,747$5,527-$12,274
Insurance-$11,580-$11,580
Interest-$2,773-$2,773
Total Functional Expenses$654,081$196,679$23,940$874,700

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,054,598
Expenses per Audited Statements$874,700
Total Expenses per Form 990$874,700
Expenses Not Reported on Form 990$179,898
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,001
Fundraising Gross Income$12,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jubalee Reception$67,071$12,900$10,654$2,246
Total Events$67,071$12,900$22,001$-9,101
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Board of Directors, Executive Director and accountant review prior to filing.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Other key staff compensation is approved by the board annually during the budget process.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The 990 can be acquired through the Guidestar.org website.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Chicago Human Rhythm Project
EIN
36-3638682
Phone
3125422477
Address
410 S Michigan Ave, Chicago, IL 60605

Signing Officer

Name
Lane Alexander
Title
Executive Director
Signed
2018-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lane Alexander
Formed
1988
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
9
Employees
24
Volunteers
21

Preparer

Firm
Knutte & Associates Pc
Address
7900 S CASS AVE STE 210, DARIEN, IL 60561-5066
Preparer
Joseph Knutte CPA
Phone
6309603317
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Studio rental Income $0 Studio rental expenses $105794 Special Event expenses $22001

Part XII, Line 2D: Other expenses and losses per audited F/S

Studio rental exp $105794 Special Event Expenses $22001

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