Civic Intelligence

Magic Foundation

990 • Fiscal year 2022 • EIN 36-3673333

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 16, 2023

Organization Profilewww.magicfoundation.org
4200 Cantera DriveWarrenville, IL 60555

(630) 836-8200

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

36th percentile

0.03x

Higher debt load relative to revenue than 36% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

35th percentile

0.0%

Higher net margin than 35% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$112,813

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

41st percentile

-1.5%

Faster asset growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-31%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$2,697,351

Down $40,009 (-1.5%) from 2021

Net Assets

Down

$2,664,495

Down $46,692 (-1.7%) from 2021

Liabilities

Up

$32,856

Up $6,683 (+26%) from 2021

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin35th percentile

Revenue

Down

$976,579

Down $438,575 (-31%) from 2021

Expenses

Up

$976,446

Up $41,033 (+4.4%) from 2021

Net Income

Down

$133

Down $479,608 (-100%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,167,805Liabilities 2016: $50,251Net Assets 2016: $2,117,5542016Assets 2017: $2,235,044Liabilities 2017: $48,706Net Assets 2017: $2,186,3382017Assets 2018: $2,474,330Liabilities 2018: $76,010Net Assets 2018: $2,398,3202018Assets 2019: $2,393,545Liabilities 2019: $87,324Net Assets 2019: $2,306,2212019Assets 2020: $2,355,155Liabilities 2020: $138,360Net Assets 2020: $2,216,7952020Assets 2021: $2,737,360Liabilities 2021: $26,173Net Assets 2021: $2,711,1872021Assets 2022: $2,697,351Liabilities 2022: $32,856Net Assets 2022: $2,664,4952022Assets 2023: $2,758,895Liabilities 2023: $27,791Net Assets 2023: $2,731,1042023Assets 2024: $2,754,837Liabilities 2024: $29,318Net Assets 2024: $2,725,5192024

Highlighted filing

2022

Assets$2,697,351
Liabilities$32,856
Net Assets$2,664,495
Open 2022 Filing

Operations Trend

Revenue Growth13th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $895,657Expenses 2016: $1,015,821Net Income 2016: -$120,1642016Revenue 2017: $1,055,760Expenses 2017: $979,904Net Income 2017: $75,8562017Revenue 2018: $1,196,726Expenses 2018: $978,108Net Income 2018: $218,6182018Revenue 2019: $904,110Expenses 2019: $1,007,797Net Income 2019: -$103,6872019Revenue 2020: $918,619Expenses 2020: $1,030,578Net Income 2020: -$111,9592020Revenue 2021: $1,415,154Expenses 2021: $935,413Net Income 2021: $479,7412021Revenue 2022: $976,579Expenses 2022: $976,446Net Income 2022: $1332022Revenue 2023: $1,244,747Expenses 2023: $1,219,257Net Income 2023: $25,4902023Revenue 2024: $1,271,278Expenses 2024: $1,301,514Net Income 2024: -$30,2362024

Highlighted filing

2022

Revenue$976,579
Expenses$976,446
Net Income$133
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 16, 2023
Return Version
2022v5.0
Gross Receipts
$1,104,485
Mission and Program Overview

Mission

The Magic Foundation provides support services to families of children afflicted with a wide variety of disorders, syndromes and diseases that affect a childs growth. The Organization's commitment and vision is to reduce emotional and physical trauma caused by growth disorders, resulting in happier, healthier children and consequently, adults.

To help children and their families whose physical growth is affected by medical problems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,273,958$1,213,536▼ $60,422
Cash and Non-Interest-Bearing Accounts$935,880$1,042,931▲ $107,051
Investments in Publicly Traded Securities-$253,398-
Receivables From Officers Etc$93,618$96,562▲ $2,944
Savings and Temporary Cash Investments$403,904$90,924▼ $312,980
Pledges and Grants Receivable$30,000--
Total Assets$2,737,360$2,697,351▼ $40,009
Liabilities
Accounts Payable and Accrued Expenses$26,173$32,856▲ $6,683
Total Liabilities$26,173$32,856▲ $6,683
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,711,187$2,664,495▼ $46,692
Total Net Assets Fund Balance$2,711,187$2,664,495▼ $46,692
Total Liabilities and Net Assets / Fund Balance$2,737,360$2,697,351▼ $40,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$857,693$176,214$1,033,907
Equipment$105,058$229,029$334,087
Land$250,785-$250,785
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary AndrewsCEO and Co-FounderFT$105,000$7,813$112,813
Dianne KremidasExecutive DirectorFT$105,962$4,844$110,806
Jamie HarveyCo-Founder/Director Tech EdFT$57,000-$57,000
Teresa TuckerCo-FounderFT$52,404-$52,404

Board Members and Trustees

NameTitle
Rich BuckleyChairman
Ken DickardVice-Chairman
Brian PapoDirector
James AndrewsDirector
Russ HazaelDirector
Courtney Lance-MorakalisDirector/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$987,878
Program Service Revenue
$0
Investment Income
$-4,592
Other Revenue
$-6,707
All Other Contributions
$975,128
Change in Net Assets
$133

Audited Revenue Reconciliation

Revenue per Audited Statements
$974,163
Revenue Not Reported on Financial Statements
$2,416
Revenue Not Reported on Form 990
$-7,765
Total Revenue per Audited Statements
$966,398
Total Revenue per Form 990
$976,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$527,819
Other Expenses$448,627
Total Fundraising Expense$40,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$273,002$36,363$25,088$334,453
Other Salaries and Wages$131,213$14,792$2,792$148,797
Conferences and Meetings$103,811--$103,811
Fees for Services Other$81,844$2,582-$84,426
Office Expenses$36,855$9,236$2,498$48,589
Depreciation Depletion-$44,599-$44,599
Payroll Taxes$31,036$3,900$2,100$37,036
Travel$26,540$3,335$1,799$31,674
Occupancy$5,058$14,448$343$19,849
Other Expenses$5,438$12,338$369$18,145
Fees for Services Accounting-$17,740-$17,740
Insurance$9,121$1,146$618$10,885
Advertising$5,089-$5,088$10,177
Other Employee Benefits$7,009$524-$7,533
Fees for Service Investment Mgmnt Fees-$2,416-$2,416
Total Functional Expenses$772,332$163,419$40,695$976,446

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,013,090
Total Expenses per Form 990$976,446
Expenses per Audited Statements$974,030
Expenses Not Reported on Form 990$39,060
Expenses Not Reported on Financial Statements$2,416
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
Receivables from Officers, Directors, Trustees, and Key Employees$93,618$96,562▲ $2,944
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 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 A, line 2

“Mary Andrews, CEO, Dianne Kremidas, Executive Director and James Andrews, board member, share a family relationship.”

Form 990, Part VI, Section B, line 11B

“The Form 990 is made available to the Board of Directors prior to filing.”

Form 990, Part VI, Section B, line 15

“Compensation of all employees is discussed and approved by the Board of Directors.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy and financial statements are available upon request. Financial statements also available on the Illinois Attorney General's website.”

Filing and Contact Details

Filer

Filer Name
Magic Foundation
EIN
36-3673333
Phone
6308368200
Address
4200 Cantera Drive, Warrenville, IL 60555

Signing Officer

Name
Mary Andrews
Title
President
Phone
6308368200
Signed
2023-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Andrews
Formed
1989
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
6
Employees
8
Volunteers
28

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
Jason L Gierhahn
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“FIN 48 Note from Audited Financial Statements The Foundation was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax-exempt purpose of the Foundation and the nature in which it operates is described above. Management believes the Foundation continues to operate in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Foundation's Form 990, Return of Organization Exempt from Income Tax, is subject to examination by the IRS, generally for three years after it has been filed. The Foundation has adopted the requirements for accounting for uncertain tax positions and management has determined that the Foundation was not required to record a liability related to uncertain tax positions as of December 31, 2022.”

Part XI, Line 2D - Other Adjustments:

“Rental property expense 39,060.”

Part XII, Line 2D - Other Adjustments:

“Rental property expense 39,060.”

Raw XML AppendixShowing 400 of 472 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/Desc0The Organization provides specific assistance to families of children with growth disorders. Magic Foundation provides information and education materials on growth disorders through a newsletter and website. An annual convention is held to provide further assistance and education. Magic Foundation also participates in International Coalition of Organizations Supporting Endocrine Patients, which is a federation of patient advocate associations representing more than 35 countries, medical societies and child advocate supporters.
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IRS990/MissionDesc0The Magic Foundation provides support services to families of children afflicted with a wide variety of disorders, syndromes and diseases that affect a childs growth. The Organization's commitment and vision is to reduce emotional and physical trauma caused by growth disorders, resulting in happier, healthier children and consequently, adults.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0524
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07009
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07533
IRS990/OtherExpensesGrp/Desc0International ICOSEP
IRS990/OtherExpensesGrp/Desc1Repairs & maintenance
IRS990/OtherExpensesGrp/FundraisingAmt0369
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012338
IRS990/OtherExpensesGrp/ProgramServicesAmt056316
IRS990/OtherExpensesGrp/ProgramServicesAmt15438
IRS990/OtherExpensesGrp/TotalAmt056316
IRS990/OtherExpensesGrp/TotalAmt118145
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02453
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02453
IRS990/OtherRevenueTotalAmt02453
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02792
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014792
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0131213
IRS990/OtherSalariesAndWagesGrp/TotalAmt0148797
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02100
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03900
IRS990/PayrollTaxesGrp/ProgramServicesAmt031036
IRS990/PayrollTaxesGrp/TotalAmt037036
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Mary Andrews
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01414702
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01829
IRS990/PYOtherExpensesAmt0424614
IRS990/PYOtherRevenueAmt0-1377
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0479741
IRS990/PYSalariesCompEmpBnftPaidAmt0510799
IRS990/PYTotalExpensesAmt0935413
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01415154
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt093618
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt096562
IRS990/ReconcilationRevenueExpnssAmt0133
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-9160
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0403904
IRS990/SavingsAndTempCashInvstGrp/EOYAmt090924
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0987878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01414702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0981634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0924364
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01069701
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05378279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt040449
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050857
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt033801
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0149460
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt010512
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02453
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04135
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06588
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53040
IRS990ScheduleA/PublicSupportPY170Pct00.59220
IRS990ScheduleA/PublicSupportTotal170Amt02935402
IRS990ScheduleA/SubstantialContributorsTotAmt02442877
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0987878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01414702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0981634
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0924364
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01069701
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05378279
IRS990ScheduleA/TotalSupportAmt05534327
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0857693
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0176214
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01033907
IRS990ScheduleD/EquipmentGrp/BookValueAmt0105058
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0229029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0334087
IRS990ScheduleD/ExpensesNotReportedAmt039060
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02416
IRS990ScheduleD/ExpensesSubtotalAmt0974030
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02416
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02416
IRS990ScheduleD/LandGrp/BookValueAmt0250785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250785
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-46825
IRS990ScheduleD/OtherExpensesIncludedAmt039060
IRS990ScheduleD/OtherRevenueAmt039060
IRS990ScheduleD/RevenueNotReportedAmt0-7765
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02416
IRS990ScheduleD/RevenueSubtotalAmt0974163
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements The Foundation was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax-exempt purpose of the Foundation and the nature in which it operates is described above. Management believes the Foundation continues to operate in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Foundation's Form 990, Return of Organization Exempt from Income Tax, is subject to examination by the IRS, generally for three years after it has been filed. The Foundation has adopted the requirements for accounting for uncertain tax positions and management has determined that the Foundation was not required to record a liability related to uncertain tax positions as of December 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental property expense 39,060.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental property expense 39,060.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01213536
IRS990ScheduleD/TotalExpensesPerForm990Amt0976446
IRS990ScheduleD/TotalRevenuePerForm990Amt0976579
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0966398
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01013090
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt096562
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Business loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0James Andrews
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt096562
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mary Andrews, CEO, Dianne Kremidas, Executive Director and James Andrews, board member, share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is made available to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation of all employees is discussed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, conflict of interest policy and financial statements are available upon request. Financial statements also available on the Illinois Attorney General's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02737360
IRS990/TotalAssetsEOYAmt02697351
IRS990/TotalAssetsGrp/BOYAmt02737360
IRS990/TotalAssetsGrp/EOYAmt02697351
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0987878
IRS990/TotalEmployeeCnt08

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,697,351
Liabilities
$32,856
Net assets
$2,664,495
Revenue
$976,579
Expenses
$976,446
Net income
$133
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.75$0.03$2.73$1.27$1.30$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.76$0.03$2.73$1.24$1.22$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.70$0.03$2.66$0.98$0.98$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.74$0.03$2.71$1.42$0.94$0.48
2020Detailed filing. Detailed filing data is available for this year.$2.36$0.14$2.22$0.92$1.03$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.39$0.09$2.31$0.90$1.01$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.47$0.08$2.40$1.20$0.98$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.05$2.19$1.06$0.98$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.17$0.05$2.12$0.90$1.02$0.12