Civic Intelligence

Friends of Prentice

990 • Fiscal year 2017 • EIN 36-3930139

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 15, 2018

Organization ProfileWWW.FRIENDSOFPRENTICE.ORG
251 E Huron St Galter Pav 3 SuiChicago, IL 60611

(312) 926-2033

Siviq Scores

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

Liabilities / Assets

98th percentile

2.05x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

2.41x

Higher debt load relative to revenue than 94% of similar nonprofits.

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

Net Margin

2nd percentile

-142%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

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

Asset Growth

1st percentile

-68%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

11th percentile

-25%

Faster revenue growth than 11% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$673,395

Down $1,423,939 (-68%) from 2016

Net Assets

Down

-$705,119

Down $810,541 (-769%) from 2016

Liabilities

Down

$1,378,514

Down $613,398 (-31%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin2nd percentile

Revenue

Down

$572,746

Down $193,070 (-25%) from 2016

Expenses

Up

$1,384,537

Up $1,152,463 (+497%) from 2016

Net Income

Down

-$811,791

Down $1,345,533 (-252%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $1,812,955Liabilities 2012: $354,587Net Assets 2012: $1,458,3682012Assets 2013: $1,870,965Liabilities 2013: $2,480,800Net Assets 2013: -$609,8352013Assets 2014: $2,265,867Liabilities 2014: $2,610,184Net Assets 2014: -$344,3172014Assets 2015: $2,114,710Liabilities 2015: $2,560,646Net Assets 2015: -$445,9362015Assets 2016: $2,097,334Liabilities 2016: $1,991,912Net Assets 2016: $105,4222016Assets 2017: $673,395Liabilities 2017: $1,378,514Net Assets 2017: -$705,1192017Assets 2018: $793,634Liabilities 2018: $1,098,572Net Assets 2018: -$304,9382018Assets 2019: $1,175,220Liabilities 2019: $668,589Net Assets 2019: $506,6312019Assets 2020: $1,079,773Liabilities 2020: $683,795Net Assets 2020: $395,9782020Assets 2021: $839,367Liabilities 2021: $541,354Net Assets 2021: $298,0132021Assets 2022: $740,285Liabilities 2022: $539,026Net Assets 2022: $201,2592022Assets 2023: $668,950Liabilities 2023: $490,175Net Assets 2023: $178,7752023Assets 2024: $624,529Liabilities 2024: $449,265Net Assets 2024: $175,2642024

Highlighted filing

2017

Assets$673,395
Liabilities$1,378,514
Net Assets-$705,119
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,173,8542012Expenses 2013: $2,748,5402013Revenue 2014: $523,253Expenses 2014: $278,478Net Income 2014: $244,7752014Revenue 2015: $91,761Expenses 2015: $124,400Net Income 2015: -$32,6392015Revenue 2016: $765,816Expenses 2016: $232,074Net Income 2016: $533,7422016Revenue 2017: $572,746Expenses 2017: $1,384,537Net Income 2017: -$811,7912017Revenue 2018: $547,464Expenses 2018: $147,283Net Income 2018: $400,1812018Revenue 2019: $427,276Expenses 2019: $70,520Net Income 2019: $356,7562019Revenue 2020: $612,000Expenses 2020: $722,653Net Income 2020: -$110,6532020Revenue 2021: $609,694Expenses 2021: $707,659Net Income 2021: -$97,9652021Revenue 2022: $568,352Expenses 2022: $665,106Net Income 2022: -$96,7542022Revenue 2023: $615,272Expenses 2023: $637,756Net Income 2023: -$22,4842023Revenue 2024: $683,348Expenses 2024: $686,859Net Income 2024: -$3,5112024

Highlighted filing

2017

Revenue$572,746
Expenses$1,384,537
Net Income-$811,791
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 15, 2018
Return Version
2016v3.1
Gross Receipts
$739,372
Mission and Program Overview

Mission

The friends of prentice is a support group of the prentice women's hospital and maternity center of the northwestern memorial hospital dedicated to raising funds that are critical to the hospital's initiatives.

The friends of prentice is a support group of the prentice women's hospital and maternity center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$849,103$326,367▼ $522,736
Cash and Non-Interest-Bearing Accounts$1,121,390$241,547▼ $879,843
Prepaid Expenses and Deferred Charges$0$56,917▲ $56,917
Accounts Receivable$59,101$48,564▼ $10,537
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,097,334$673,395▼ $1,423,939
Other Assets Total$67,740$0▼ $67,740
Liabilities
Grants Payable$1,705,646$1,242,412▼ $463,234
Deferred Revenue$286,266$136,102▼ $150,164
Accounts Payable and Accrued Expenses$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,991,912$1,378,514▼ $613,398
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$105,422$-705,119▼ $810,541
Total Net Assets Fund Balance$105,422$-705,119▼ $810,541
Total Liabilities and Net Assets / Fund Balance$2,097,334$673,395▼ $1,423,939
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Donna Kaner SocolVP - Benefit Co-Chair
Erica C GoldmanVP - Benefit Co-Chair
Meghan GillVP - Benefit Co-Chair
Linda K Myers PCVP - Membership Co-Chair
Connie L LindseyVP - Philanthropy Co-Chair
Kay O'HalleranVP - Philanthropy Co-Chair
Catherine D NardiVP -Grants Initiative Co-chair
Eileen Timmins PhDVP -Grants Initiative Co-chair
Christopher J NewtonPresident
Adam SnyderDirector
Alex JacobsonDirector
Braden R SmithDirector
Brittany A SmithDirector
Camille BaxterDirector
Candace PorterDirector
Cecil BoothDirector
Cheryl SkenderDirector
Elena M Kamel MDDirector
Emily Newhouse DillinghamDirector
Erin CliffordDirector
Jennifer ButschDirector
Jennifer WesleyDirector
Joanne Fitzsimmons AbeleDirector
Kath M CarterDirector
Kelly K PenryDirector
Kimberly Kenton MD MSDirector
Lee P GolubDirector
Lee P Shulman MDDirector
Lynn M McGovernDirector
Mary L GalloDirector
Melanie AndrewsDirector
Melissa A Simon MD MPHDirector
Michael B ArringtonDirector
Michael C BordersDirector
Michael L Socol MDDirector
Michael P WalshDirector
Natalie BrownDirector
Randy A FifieldDirector
Rebeka ShalitDirector
Serdar E Bulun MDDirector
Sharyl MackeyDirector
Shayna CookDirector
Stanley M PillmanDirector
Carol Lavin BernickFounder & Director
Wendy Freyer BeihlSecretary
Laura LingerTreasurer
Trina Gordon McCallisterVP - Corporate Sponsorships
Alice Lin GeeneVP - Membership
Patty H HendersonVP - Strategic Partnerships
Revenue and Support

Revenue Composition

Contributions and Grants
$22,907
Program Service Revenue
$0
Investment Income
$16,071
Other Revenue
$533,768
Change in Net Assets
$-811,791

Audited Revenue Reconciliation

Revenue per Audited Statements
$739,372
Revenue Not Reported on Financial Statements
$-166,626
Revenue Not Reported on Form 990
$1,250
Other Revenue Adjustments
$-166,626
Total Revenue per Audited Statements
$740,622
Total Revenue per Form 990
$572,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,230,507
Other Expenses$154,030
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,230,507--$1,230,507
Fees for Services Other$133,035--$133,035
Office Expenses$11,816--$11,816
Fees for Services Accounting-$4,800-$4,800
Fees for Services Legal-$2,500-$2,500
Insurance$1,379--$1,379
Information Technology$500--$500
Total Functional Expenses$1,377,237$7,300$0$1,384,537

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,551,163
Expenses per Audited Statements$1,384,537
Total Expenses per Form 990$1,384,537
Expenses Not Reported on Form 990$166,626
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Northwestern Memorial FoundationChicago, IL501(c)(3)Quality Healthcare$1,230,507
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$700,394
Fundraising Direct Expenses$166,626
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$723,301$700,394$29,320$671,074
Total Events$723,301$700,394$166,626$533,768
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Donna Socol and Michael Socol are married.”

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

“Employees required to take ethical examination annually.”

Form 990, Part VI, Section C, Line 19

“All available upon request.”

Filing and Contact Details

Filer

Filer Name
Friends of Prentice
EIN
36-3930139
In Care Of
% THE ORGANIZATION
Phone
3129262033
Address
251 E Huron St Galter Pav 3 Sui, Chicago, IL 60611

Signing Officer

Name
Laura Linger
Title
Treasurer
Phone
3129262033
Signed
2018-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Linger
Formed
1986
Legal Domicile
Il
Voting Board Members
49
Independent Board Members
46
Employees
0
Volunteers
49

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Rebekuh Eley
Phone
6302829500
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“FOP is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. FOP recognized the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination.”

Schedule D, Part XI, Line 4B

“Fundraising Expenses - $(166,626)”

Schedule D, Part XII, Line 2D

“Fundraising Expenses - $166,626”

Raw XML AppendixShowing 400 of 932 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/Form990PartVIISectionAGrp/OtherCompensationAmt360
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt390
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt400
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt410
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt420
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt430
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt440
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt460
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
IRS990/Form990PartVIISectionAGrp/PersonNm0Joanne Fitzsimmons Abele
IRS990/Form990PartVIISectionAGrp/PersonNm1Melanie Andrews
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael B Arrington
IRS990/Form990PartVIISectionAGrp/PersonNm3Camille Baxter
IRS990/Form990PartVIISectionAGrp/PersonNm4Carol Lavin Bernick
IRS990/Form990PartVIISectionAGrp/PersonNm5Cecil Booth
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael C Borders
IRS990/Form990PartVIISectionAGrp/PersonNm7Natalie Brown
IRS990/Form990PartVIISectionAGrp/PersonNm8Serdar E Bulun MD
IRS990/Form990PartVIISectionAGrp/PersonNm9Jennifer Butsch
IRS990/Form990PartVIISectionAGrp/PersonNm10Kath M Carter
IRS990/Form990PartVIISectionAGrp/PersonNm11Erin Clifford
IRS990/Form990PartVIISectionAGrp/PersonNm12Shayna Cook
IRS990/Form990PartVIISectionAGrp/PersonNm13Emily Newhouse Dillingham
IRS990/Form990PartVIISectionAGrp/PersonNm14Randy A Fifield
IRS990/Form990PartVIISectionAGrp/PersonNm15Wendy Freyer Beihl
IRS990/Form990PartVIISectionAGrp/PersonNm16Mary L Gallo
IRS990/Form990PartVIISectionAGrp/PersonNm17Alice Lin Geene
IRS990/Form990PartVIISectionAGrp/PersonNm18Meghan Gill
IRS990/Form990PartVIISectionAGrp/PersonNm19Erica C Goldman
IRS990/Form990PartVIISectionAGrp/PersonNm20Lee P Golub
IRS990/Form990PartVIISectionAGrp/PersonNm21Patty H Henderson
IRS990/Form990PartVIISectionAGrp/PersonNm22Alex Jacobson
IRS990/Form990PartVIISectionAGrp/PersonNm23Elena M Kamel MD
IRS990/Form990PartVIISectionAGrp/PersonNm24Kimberly Kenton MD MS
IRS990/Form990PartVIISectionAGrp/PersonNm25Connie L Lindsey
IRS990/Form990PartVIISectionAGrp/PersonNm26Laura Linger
IRS990/Form990PartVIISectionAGrp/PersonNm27Sharyl Mackey
IRS990/Form990PartVIISectionAGrp/PersonNm28Trina Gordon McCallister
IRS990/Form990PartVIISectionAGrp/PersonNm29Lynn M McGovern
IRS990/Form990PartVIISectionAGrp/PersonNm30Linda K Myers PC
IRS990/Form990PartVIISectionAGrp/PersonNm31Catherine D Nardi
IRS990/Form990PartVIISectionAGrp/PersonNm32Christopher J Newton
IRS990/Form990PartVIISectionAGrp/PersonNm33Kay O'Halleran
IRS990/Form990PartVIISectionAGrp/PersonNm34Kelly K Penry
IRS990/Form990PartVIISectionAGrp/PersonNm35Stanley M Pillman
IRS990/Form990PartVIISectionAGrp/PersonNm36Candace Porter
IRS990/Form990PartVIISectionAGrp/PersonNm37Rebeka Shalit
IRS990/Form990PartVIISectionAGrp/PersonNm38Lee P Shulman MD
IRS990/Form990PartVIISectionAGrp/PersonNm39Melissa A Simon MD MPH
IRS990/Form990PartVIISectionAGrp/PersonNm40Cheryl Skender
IRS990/Form990PartVIISectionAGrp/PersonNm41Braden R Smith
IRS990/Form990PartVIISectionAGrp/PersonNm42Brittany A Smith
IRS990/Form990PartVIISectionAGrp/PersonNm43Adam Snyder
IRS990/Form990PartVIISectionAGrp/PersonNm44Donna Kaner Socol
IRS990/Form990PartVIISectionAGrp/PersonNm45Michael L Socol MD
IRS990/Form990PartVIISectionAGrp/PersonNm46Eileen Timmins PhD
IRS990/Form990PartVIISectionAGrp/PersonNm47Michael P Walsh
IRS990/Form990PartVIISectionAGrp/PersonNm48Jennifer Wesley
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt460
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$673,395
Liabilities
$1,378,514
Net assets
-$705,119
Revenue
$572,746
Expenses
$1,384,537
Net income
-$811,791
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.45$0.18$0.68$0.69$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.49$0.18$0.62$0.64$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.74$0.54$0.20$0.57$0.67$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.54$0.30$0.61$0.71$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.08$0.68$0.40$0.61$0.72$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.67$0.51$0.43$0.07$0.36
2018Detailed filing. Detailed filing data is available for this year.$0.79$1.10$0.30$0.55$0.15$0.40
2017Detailed filing. Detailed filing data is available for this year.$0.67$1.38$0.71$0.57$1.38$0.81
2016Detailed filing. Detailed filing data is available for this year.$2.10$1.99$0.11$0.77$0.23$0.53
2015Detailed filing. Detailed filing data is available for this year.$2.11$2.56$0.45$0.09$0.12$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.27$2.61$0.34$0.52$0.28$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$2.48$0.61$2.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.35$1.46$1.17
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $500k-$1M nonprofits