Chicago Msa

“Form 990 is reviewed, discussed and approved by board members prior to filing.”

“The tax returns are available to the public through various websites maintained by other organizations. Other documents are available upon request.”

“Outside services: program service expenses 70,686. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,686.”

“The board assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor.”

“The 2021 federal form 990 was filed with the draft information. Certain information was incomplete and an amended return is deemed necessary in order to provide accurate information. Below are the corrections reflected on the amended 2021 federal form 990. Below are details of changes noted as reported (r) amended (a). Form 990 page 1 box g gross receipts $614,147 (r) $606,834 (a) part i summary line 03 voting members 12 (r) 5 (a) line 04 independent voting members 9 (r) 0 (a) line 08 contributions and grants $122,763 (r) $116,225 (a) line 09 program service revenue $478,099 (r) $470,108 (a) line 10 investment income $32 (r) $290 (a) line 11 other revenue $13,253 (r) $20,211 (a) line 12 total revenue $614,147 (r) $606,834 (a) line 15 salaries, other compensation $3,405 (r) $3,690 (a) line 17 other expenses $484,565 (r) $482,692 (a) line 18 total expenses $487,970 (r) $486,652 (a) line 19 revenue less expenses $126,177 (r) $120,452 (a) line 20 total assets $397,355 (r) $375,232 (a) line 21 total liabilities $17,424 (r) $32,617 (a) line 22 net assets or fund balances $379,931 (r) $342,615 (a) page 2 part iii statement of program service accomplishments line 4a expenses $433,493 (r) $432,322 (a) line 4a revenue $478,099 (r) $470,108 (a) line 4e expenses $433,493 (r) $432,322 (a) page 3 part iv checklist of required schedules line 11e report an amount for other liabilities no (r) yes (a) line 11f liability for uncertain tax positions no (r) yes (a) line 12a separate, independent audit no (r) yes (a) page 4 part iv checklist of required schedules line 25a excess benefit transactions no (r) yes (a) line 26 receivable/payable to current/former related party yes (r) no (a) page 6 part vi section a line 1a voting members of governing body 12 (r) 5 (a) line 1b independent voting members 9 (r) 0 (a) page 6 part vi governance management and disclosure section c line 20 name of person who posesses records jeremiah stevens (r) kevin dietz (a) page 7 part vii compensation of officers and directors line 1a pete gately director/incoming president (r) pete gately president (a) line 1b 2 hours (r) 15 hours (a) line 1c position individual and officer (r) officer (a) line 2a jason topping director (r) katie niemi vice president (a) line 2b hours 2 (r) 10 (a) line 2c position individual (r) officer (a) line 2d compensation 925 (r) 0 (a) line 3a michael richardson president (r) nancy hitt vice president (a) line 3b hours 15 (r) 5 (a) line 3c position individual and officer (r) officer (a) line 3d compensation 140 (r) 0 (a) line 4a katie niemi vice president (r) jeremiah stevens treasurer (a) line 4b hours 10 (r) 15 (a) line 4c position individual and officer (r) officer (a) line 5a chris rinere vice president (r) adam whittaker secretary (a) line 5c position individual and officer (r) officer (a) line 6 drew ladochi, secretary, 5 hours, individual and officer (r) none listed (a) line 7 jeremiah stevens, treasurer, 15 hours, individual and officer (r) none listed (a) line 8 yvette holt, director, 2 hours, individual (r) none listed (a) line 9 katie villalobos, director, 2 hours, individual (r) none listed (a) line 10 chris ward, director, 2 hours, individual (r) none listed(a) line 11 adam whittaker, director/incoming secretary, 2 hours, individual (r) none listed (a) line 12 nancy hill, incoming vp, 0 hours, individual (r) none listed (a) page 8 part vii compensation of officers and directors line 1b subtotal 3,690 (r) 2,625 (a) line 1d total 3,690 (r) 2,625 (a) page 9 part viii statement of revenue line 1b membership dues 77,380 (r) 76,880 (a) line 1f all other contributions 45,383 (r) 39,345 (a) line 1h total 122,763 (r) 116,225 (a) line 2 (aa), (ab) program service revenue player fees $478,099 (r) $470,108 (a) line 2 (ga) total program service revenue $478,099 (r) $470,108 (a) line 3 (a) investment income $32 (r) $290 (a) line 3 (d) investment income $32 (r) $290 (a) line 11 (aa), (ad), (ea), other revenue 13,253 (r) 20,211 (a) line 12 (a) total”

“Schedule b schedule of contributors part i contributors as reported: number 2 box(b) name, address, zip: north halsted area merchants association 3656 n halsted st chicago, il 60613 box(c) total contributions $9,522 box(d) type of contribution person as amended: blank box(b) name, address, zip: blank box(c) total contributions: blank box(d) type of contribution: blank schedule d supplemental financial statements, page 2 part v endowment funds line 1cb net investment earnings $3 (r) $2 (a) line 1eb other expenditures for programs $3 (r) $2 (a) line 1ca net investment earnings $23 (r) $258 (a) line 1ea other expenditures for programs $23 (r) $0 (a) line 1ga end of year balance $5,000 (r) $5,258 (a) part x other liabilities line 2/3 none reported (r) cares act paycheck protection program, book value $10,000 (a) total $- (r) $10,000 (a) schedule d supplemental financial statements, page 4 part xi reconciliation of revenue per audited financial statements line 1,3,5 total revenue $- (r) $606,834 (a) part xii reconciliation of expenses per audited financial statements line 1,3,5 total expenses $- (r) $486,382 (a) part xiii supplemental information, part x, line 2 as reported: the organization did not issue financial statements for the year ended august 31, 2022 and 2021. As amended: the organization is exempt from income tax under section 501(c)(3) of the internal revenue code. Therefore, no provision is made for income taxes. The organization files annual information returns to the internal revenue service (form 990) and to the office of the attorney general of the state of illinois. The organization follows the guidance of accounting standards codification (asc 740)accounting for income taxes, related to uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. There are no such uncertain tax positions for the organization for the years ended august 31, 2022 and 2021. For federal income tax purposes, the tax returns essentially remain open for possible examination for a period of three years after the respective filing deadlines of those returns. The organization is generally no longer subject to examinations by the internal revenue service for years prior to 2019. Schedule l transactions with interested persons, page 1 part i excess benefit transactions line 1 (1a) name - (r) michael o. Rice ii (a) line 1 (1b) relationship - (r) board treasurer (a) line 1 (1c) description of transaction - (r) diversion of funds (a) line 1 (1d) corrected - (r) yes (a) line 1 (2a) name - (r) jack nielson (a) line 1 (2b) relationship - (r) board (a) line 1 (2c) description of transaction - (r) diversion of funds (a) line 1 (2d) corrected - (r) yes (a) part ii loans to and/or from interested persons column (1f) balance due, total $24,488 (r) $- (a) column (1g) in default yes (r) no (a) schedule l transactions with interested persons, page 2 part v supplemental information part i excess benefit transactions line (1a) name of person - (r) michael o. Rice ii (a) line (1b) relationship - (r) board treasurer (a) line (1c) description of transaction - (r) diverson of funds (a) line (1d) corrected? - (r) yes (a) line (2a) name of person - (r) jack nielson (a) line (2b) relationship - (r) board (a) line (2c) description of transaction - (r) diversion of funds (a) line (2d) corrected? - (r) yes (a) schedule o supplemental information to form 990 or 990-ez form 990, part ix, line 11g, other fees outside services $70,971 (r) $70,686 (a) total expenses $70,971 (r) $70,686 (a) total other fees $70,971 (r) $70,686 (a) form 990, part xii, line 2c as amended: the board assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor.”