Civic Intelligence

Providence St Mel Foundation

990 • Fiscal year 2018 • EIN 36-3846011

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 15, 2019

Organization ProfileN/A
119 S Central Park BlvdChicago, IL 60624

(773) 722-4600

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.19x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

7.25x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$256,673

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 234.1% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

69th percentile

8.0%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$4,244,228

Up $315,122 (+8.0%) from 2017

Net Assets

Up

$3,448,944

Up $315,122 (+10%) from 2017

Liabilities

Flat

$795,284

Flat from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin100th percentile

Revenue

Up

$109,654

Up $24,837 (+29%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

$109,654

Up $24,837 (+29%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,928,770Liabilities 2010: $0Net Assets 2010: $1,928,7702010Assets 2011: $2,075,508Liabilities 2011: $0Net Assets 2011: $2,075,5082011Assets 2012: $2,095,018Liabilities 2012: $0Net Assets 2012: $2,095,0182012Assets 2013: $2,291,634Liabilities 2013: $0Net Assets 2013: $2,291,6342013Assets 2014: $2,595,105Liabilities 2014: $0Net Assets 2014: $2,595,1052014Assets 2015: $3,516,779Liabilities 2015: $798,901Net Assets 2015: $2,717,8782015Assets 2016: $3,461,182Liabilities 2016: $795,284Net Assets 2016: $2,665,8982016Assets 2017: $3,929,106Liabilities 2017: $795,284Net Assets 2017: $3,133,8222017Assets 2018: $4,244,228Liabilities 2018: $795,284Net Assets 2018: $3,448,9442018Assets 2019: $4,452,170Liabilities 2019: $795,284Net Assets 2019: $3,656,8862019Assets 2020: $4,535,393Liabilities 2020: $795,284Net Assets 2020: $3,740,1092020Assets 2021: $6,061,596Liabilities 2021: $795,284Net Assets 2021: $5,266,3122021Assets 2022: $5,268,361Liabilities 2022: $795,284Net Assets 2022: $4,473,0772022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2018

Assets$4,244,228
Liabilities$795,284
Net Assets$3,448,944
Open 2018 Filing

Operations Trend

Revenue Growth81st percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $02010Expenses 2011: $02011Expenses 2012: $02012Expenses 2013: $02013Revenue 2014: $37,321Expenses 2014: $0Net Income 2014: $37,3212014Revenue 2015: $316,537Expenses 2015: $0Net Income 2015: $316,5372015Revenue 2016: $89,035Expenses 2016: $0Net Income 2016: $89,0352016Revenue 2017: $84,817Expenses 2017: $0Net Income 2017: $84,8172017Revenue 2018: $109,654Expenses 2018: $0Net Income 2018: $109,6542018Revenue 2019: $1,120,553Expenses 2019: $778,212Net Income 2019: $342,3412019Revenue 2020: $111,353Expenses 2020: $0Net Income 2020: $111,3532020Revenue 2021: $206,708Expenses 2021: $0Net Income 2021: $206,7082021Revenue 2022: $249,809Expenses 2022: $0Net Income 2022: $249,8092022Revenue 2023: $1,170,672Expenses 2023: $4,534,418Net Income 2023: -$3,363,7462023

Highlighted filing

2018

Revenue$109,654
Expenses$0
Net Income$109,654
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 15, 2019
Return Version
2017v2.3
Gross Receipts
$109,654
Mission and Program Overview

Mission

The purpose of providence st. Mel foundation is to hold funds and disburse earnings to providence st. Mel school for scholarship and general operating purposes.

To hold funds and disburse earnings to providence st. Mel school for scholarship and general operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,929,106$4,244,228▲ $315,122
Total Assets$3,929,106$4,244,228▲ $315,122
Liabilities
Other Liabilities$795,284$795,284→ $0
Total Liabilities$795,284$795,284→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,133,822$3,448,944▲ $315,122
Total Net Assets Fund Balance$3,133,822$3,448,944▲ $315,122
Total Liabilities and Net Assets / Fund Balance$3,929,106$4,244,228▲ $315,122
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Paul J Adams IiiPresident
Denise SeminettaTrustee
Karen PritzkerTrustee
Thomas DittmerTrustee
Jeanette ButalaSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$109,654
Other Revenue
$0
Change in Net Assets
$109,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Providence St. Mel School$795,284
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The board retains the services of an independent cpa firm to prepare form 990. Management reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The foundation follows the conflict of interest policy of its related organization, providence st. Mel school. Annually, directors and officers sign a conflict of interest form and disclose areas of potential conflict. These forms are reviewed by the board chair and president. Potential conflicts arising during the year are also reviewed by the board chair and president, when required. If further action needs to be taken, the issue is brought before the executive committee and if necessary, the full board.”

Form 990, Part VI, Section B, Line 15

“The following compensation review procedures are performed by a related organization, psm school. For the senior staff, comparable salaries from chicago public schools and local private schools were obtained and used by the board's ad hoc compensation committee to benchmark salaries offered to the senior staff. For other key positions with the school, salaries were approved as part of the annual budget process. As the need arises, survey data is obtained to benchmark other position salaries. When major changes are made, this information is brought to the finance committee of the board.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available through applicable governing agencies; the conflict of interest policy is available upon request to the organization.”

Filing and Contact Details

Filer

Filer Name
Providence St Mel Foundation
EIN
36-3846011
Phone
7737224600
Address
119 S CENTRAL PARK BLVD, CHICAGO, IL 60624

Signing Officer

Name
Jeanette Butala
Title
President
Phone
7737224600
Signed
2019-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanette Butala
Formed
1994
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Ostrow Reisin Berk & Abrams Ltd
Address
455 N CITYFRONT PLAZA DR 1500, CHICAGO, IL 60611
Preparer
James G Quaid
Phone
3126707444
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income tax under section 501(c)(3) of the code. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2) of the code. The organization has adopted the requirements for accounting for uncertain tax positions and management has determined that the organization was not required to record a liability related to uncertain tax positions as of june 30, 2018 and 2017.”

Raw XML Appendix382 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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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION B, LINE 15
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION FOLLOWS THE CONFLICT OF INTEREST POLICY OF ITS RELATED ORGANIZATION, PROVIDENCE ST. MEL SCHOOL. ANNUALLY, DIRECTORS AND OFFICERS SIGN A CONFLICT OF INTEREST FORM AND DISCLOSE AREAS OF POTENTIAL CONFLICT. THESE FORMS ARE REVIEWED BY THE BOARD CHAIR AND PRESIDENT. POTENTIAL CONFLICTS ARISING DURING THE YEAR ARE ALSO REVIEWED BY THE BOARD CHAIR AND PRESIDENT, WHEN REQUIRED. IF FURTHER ACTION NEEDS TO BE TAKEN, THE ISSUE IS BROUGHT BEFORE THE EXECUTIVE COMMITTEE AND IF NECESSARY, THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOLLOWING COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY A RELATED ORGANIZATION, PSM SCHOOL. FOR THE SENIOR STAFF, COMPARABLE SALARIES FROM CHICAGO PUBLIC SCHOOLS AND LOCAL PRIVATE SCHOOLS WERE OBTAINED AND USED BY THE BOARD'S AD HOC COMPENSATION COMMITTEE TO BENCHMARK SALARIES OFFERED TO THE SENIOR STAFF. FOR OTHER KEY POSITIONS WITH THE SCHOOL, SALARIES WERE APPROVED AS PART OF THE ANNUAL BUDGET PROCESS. AS THE NEED ARISES, SURVEY DATA IS OBTAINED TO BENCHMARK OTHER POSITION SALARIES. WHEN MAJOR CHANGES ARE MADE, THIS INFORMATION IS BROUGHT TO THE FINANCE COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNING AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,244,228
Liabilities
$795,284
Net assets
$3,448,944
Revenue
$109,654
Expenses
$0
Net income
$109,654
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.17$4.53$3.36
2022Detailed filing. Detailed filing data is available for this year.$5.27$0.80$4.47$0.25$0.00$0.25
2021Detailed filing. Detailed filing data is available for this year.$6.06$0.80$5.27$0.21$0.00$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.54$0.80$3.74$0.11$0.00$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.45$0.80$3.66$1.12$0.78$0.34
2018Detailed filing. Detailed filing data is available for this year.$4.24$0.80$3.45$0.11$0.00$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.93$0.80$3.13$0.08$0.00$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.46$0.80$2.67$0.09$0.00$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.52$0.80$2.72$0.32$0.00$0.32
2014Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.04$0.00$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.00$2.29$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.10$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.00$2.08$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.00$1.93$0.00