Civic Intelligence

Magnificent Mile Charitable Foundation

EIN 36-3791016 • 501(c)3 • Chicago, IL

Profile

The Magnificent Mile Charitable Foundation provides support for education and programs benefiting underserved citizens and communities in Chicago.

625 N Michigan Avenue 600Chicago, IL 60611

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

88th percentile

44%

Higher net margin than 88% of similar nonprofits.

501(c)3 • <$500k 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

81st percentile

29%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

94th percentile

148%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$121,751

Up $29,568 (+32%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$121,751

Up $38,229 (+46%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin88th percentile

Revenue

Down

$72,311

Down $4,504 (-5.9%) from 2023

Expenses

Down

$40,365

Down $26,425 (-40%) from 2023

Net Income

Up

$31,946

Up $21,921 (+219%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

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

$150K$100K$50K$0Assets 2019: $111,217Liabilities 2019: $160Net Assets 2019: $111,0572019Assets 2020: $130,403Liabilities 2020: $29,911Net Assets 2020: $100,4922020Assets 2021: $92,837Liabilities 2021: $0Net Assets 2021: $92,8372021Assets 2022: $73,497Liabilities 2022: $0Net Assets 2022: $73,4972022Assets 2023: $92,183Liabilities 2023: $8,661Net Assets 2023: $83,5222023Assets 2024: $121,751Net Assets 2024: $121,7512024

Highlighted filing

2024

Assets$121,751
Liabilities-
Net Assets$121,751
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

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

$200K$100K$0-$100KRevenue 2019: $195,909Expenses 2019: $189,185Net Income 2019: $6,7242019Revenue 2020: $41,716Expenses 2020: $52,281Net Income 2020: -$10,5652020Revenue 2021: $4,151Expenses 2021: $11,806Net Income 2021: -$7,6552021Revenue 2022: $11,724Expenses 2022: $31,064Net Income 2022: -$19,3402022Revenue 2023: $76,815Expenses 2023: $66,790Net Income 2023: $10,0252023Revenue 2024: $72,311Expenses 2024: $40,365Net Income 2024: $31,9462024

Highlighted filing

2024

Revenue$72,311
Expenses$40,365
Net Income$31,946
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$121,751
Liabilities
-
Net assets
$121,751
Revenue
$72,311
Expenses
$40,365
Net income
$31,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.22$1.22$0.72$0.40$0.32
2023Detailed filing. Detailed filing data is available for this year.$0.92$0.09$0.84$0.77$0.67$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.12$0.31$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.04$0.12$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.30$1.00$0.42$0.52$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$1.96$1.89$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 19, 2025
Return Version
2024v5.2
Gross Receipts
$82,311
Mission and Program Overview

Mission

The Magnificent Mile Charitable Foundation provides support for education and programs benefiting underserved citizens and communities in Chicago.

The magnificent mile charitable foundation provides support for education and programs benefiting underserved citizens and communities in chicago il.

Program Services

DescriptionGrantsExpenses
PROVIDE EDUCATIONAL PROGRAMS FOR THE UNDERSERVED IN CHICAGO IL-$39,850
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
LIA CATONBoard Member-$0--
AILEEN GASPARIBoard Member-$0--
LAURA MAGNUSONBoard Member-$0--
DAVID MACKNINTreasurer-$0--
TIFANNI STERDIVANTBoard Member-$0--
MEREDITH DARNALLSecretary-$0--
ALYSSA BERMAN-CUTLERBoard Member-$0--
KIMBERLY BARESPresident & CEO-$0--
ROB HARTILLBoard Member-$0--
JESSICA SHERWOODBoard Member-$0--
RANDY GRIMESBoard Member-$0--
DONNA PUGHBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Friend Raiser$79,649$79,649$1,886$77,763
Total Events$79,649$79,649$10,000$69,649
Filing and Contact Details

Filer

Filer Name
The Magnificent Mile
EIN
36-3791016
Phone
3123442336
Address
625 N MICHIGAN AVENUE 600, CHICAGO, IL 60611

Signing Officer

Name
Kimberly Bares
Title
Board Member
Signed
2025-11-19
Discuss with paid preparer
Yes

Preparer

Firm
SSL Associates LTD
Address
1064 104th Street Suite 100, Naperville, IL 60564
Preparer
Susan S Lewis
Phone
6308196040
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Charitable donations $28500”

Other Expenses.2

“Administrative fee $10000”

Other Expenses.3

“PROFESSIONAL FEES $1350”

Other Expenses.4

“MISCELLANEOUS $515”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1500”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $8661 Accounts Payable and Accrued Expenses - Ending $0”

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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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Secretary
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7President & CEO
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01500
IRS990EZ/OtherChangesInNetAssetsAmt06283
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IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DETERMINATION OF 501(C)(6) STATUS OF THE MAGNIFICENT MILE ASSOCIATIONS WAS RECEIVED FROM THE IRS ON 1/13/2021
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxYr02024

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