Civic Intelligence

Institute for Positive Living

EIN 36-4386670 • 501(c)3 • Chicago, IL

Profile

To promote the quailty of community life with special focus on helping families in low income Chicago comminites to solve educational, social, and economic problems.

435 East 35th StreetChicago, IL 60616
Siviq Scores

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

Liabilities / Assets

89th percentile

0.75x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.17x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

41st percentile

0.8%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$130,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

92nd percentile

62%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

102%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$237,118

Up $90,732 (+62%) from 2023

Liabilities

Up

$178,076

Up $82,177 (+86%) from 2023

Net Assets

Up

$59,042

Up $8,555 (+17%) from 2023

Revenue

Up

$1,052,420

Up $531,743 (+102%) from 2023

Expenses

Up

$1,043,865

Up $537,406 (+106%) from 2023

Net Income

Down

$8,555

Down $5,663 (-40%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $154,740Liabilities 2011: $44,765Net Assets 2011: $109,9752011Assets 2013: $45,536Liabilities 2013: $100,174Net Assets 2013: -$54,6382013Assets 2017: $42,422Liabilities 2017: $72,595Net Assets 2017: -$30,1732017Assets 2018: $54,343Liabilities 2018: $74,480Net Assets 2018: -$20,1372018Assets 2019: $75,566Liabilities 2019: $95,277Net Assets 2019: -$19,7112019Assets 2020: $85,590Liabilities 2020: $87,327Net Assets 2020: -$1,7372020Assets 2021: $224,974Liabilities 2021: $209,482Net Assets 2021: $15,4922021Assets 2022: $129,906Liabilities 2022: $93,637Net Assets 2022: $36,2692022Assets 2023: $146,386Liabilities 2023: $95,899Net Assets 2023: $50,4872023Assets 2024: $237,118Liabilities 2024: $178,076Net Assets 2024: $59,0422024

Highlighted filing

2024

Assets$237,118
Liabilities$178,076
Net Assets$59,042

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2011: $442,6122011Expenses 2013: $531,6072013Revenue 2017: $279,118Expenses 2017: $275,371Net Income 2017: $3,7472017Revenue 2018: $260,526Expenses 2018: $250,490Net Income 2018: $10,0362018Revenue 2019: $317,076Expenses 2019: $316,650Net Income 2019: $4262019Revenue 2020: $295,879Expenses 2020: $277,905Net Income 2020: $17,9742020Revenue 2021: $462,442Expenses 2021: $445,213Net Income 2021: $17,2292021Revenue 2022: $419,240Expenses 2022: $398,463Net Income 2022: $20,7772022Revenue 2023: $520,677Expenses 2023: $506,459Net Income 2023: $14,2182023Revenue 2024: $1,052,420Expenses 2024: $1,043,865Net Income 2024: $8,5552024

Highlighted filing

2024

Revenue$1,052,420
Expenses$1,043,865
Net Income$8,555

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 5, 2024
Return Version
2023v6.0
Gross Receipts
$1,052,420
Mission and Program Overview

Mission

To promote the quailty of community life with special focus on helping families in low income Chicago comminites to solve educational, social, and economic problems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$91,640$211,686▲ $120,046
Pledges and Grants Receivable$44,003$17,424▼ $26,579
Land, Buildings, and Equipment, Net$6,957$4,821▼ $2,136
Prepaid Expenses and Deferred Charges$3,786$3,187▼ $599
Total Assets$146,386$237,118▲ $90,732
Liabilities
Accounts Payable and Accrued Expenses$9,268$91,779▲ $82,511
Deferred Revenue$45,000$46,791▲ $1,791
Mortgage Notes Payable Secured by Investment Property$41,631$39,506▼ $2,125
Total Liabilities$95,899$178,076▲ $82,177
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$50,487$59,042▲ $8,555
Total Net Assets Fund Balance$50,487$59,042▲ $8,555
Total Liabilities and Net Assets / Fund Balance$146,386$237,118▲ $90,732

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,821$66,486$71,307
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd BarnettDirector of StrategyFT$130,000$130,000
Charlotte BarnettFinance DirectorFT$99,620$99,620
Marrice CoversonExecutive DirectorFT$84,647$84,647

Board Members and Trustees

NameTitle
Irma DentonChairperson
Karen HobbsVice Chairperson
Demise CuretonMember
Marcus StollenwerckMember
Valarie AveryMember
Marcia BraininSecretary
Angela GottschalkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,009,859
Program Service Revenue
$0
Investment Income
$3,561
Other Revenue
$39,000
All Other Contributions
$38,607
Change in Net Assets
$8,555

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,052,420
Total Revenue per Audited Statements
$1,052,420
Total Revenue per Form 990
$1,052,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$586,883
Other Expenses$456,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$557,780$29,103-$586,883
Fees for Services Management$226,440$19,690-$246,130
Occupancy$30,000$9,000-$39,000
Office Expenses$11,095$226-$11,321
Other Expenses$5,186$106-$5,292
Insurance$4,576$241-$4,817
Interest-$2,730-$2,730
Depreciation Depletion-$2,136-$2,136
Travel$1,170--$1,170
Total Functional Expenses$980,633$63,232$0$1,043,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,043,865
Total Expenses per Audited Statements$1,043,865
Total Expenses per Form 990$1,043,865
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$44,547$44,547$108,549$-64,002
Total Events$44,547$44,547$108,549$-64,002
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 governing body review Part VI line 11

The form 990 is reviewed by the board of directors and management, it is approved before being submitted to the irs.

Conflict of interest policy compliance Part VI line 12C

The offices, directors, and key empoyees are made aware and required to disclose any interest that could give rise to conflicts of interest.

CEO executive director top management comp Part VI line 15A

The organization bases compensation of the exectutive director and key employees on the prevailing rates of those paid by similiar non-profits with in the chicago area.

Other officer or key employee compensation Part VI line 15B

The organization bases compensation of the exectutive director and key employees on the prevailing rates of those paid by similiar non-profits with in the chicago area.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Institute For Positive Living
EIN
36-4386670
Address
435 East 35th Street, Chicago, IL 60616

Signing Officer

Name
Marrice Coverson
Title
Executive Direc
Phone
7739249802
Signed
2024-12-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Marrice Coverson
Formed
1987
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
3

Preparer

Firm
Velma Butler and Company Ltd
Address
6 E Monroe Street Suite 400, Chicago, IL 60603
Preparer
Velma Butler
Phone
3124191547
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Program Teachers/Artist/Trainer/Counselor - $92,600, Auditing Fees - $4,988, Grant Writing - $4,650, Payroll Services - $2,617.

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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01048859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0508539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0415514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0453398
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0295848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02722158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03561
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03850
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt011950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03700
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt024650
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98780
IRS990ScheduleA/PublicSupportPY170Pct00.98280
IRS990ScheduleA/PublicSupportTotal170Amt02717171
IRS990ScheduleA/SubstantialContributorsTotAmt04987
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01048859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0508539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0415514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0453398
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0295848
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02722158
IRS990ScheduleA/TotalSupportAmt02750658
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04821
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066486
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071307
IRS990ScheduleD/ExpensesSubtotalAmt01043865
IRS990ScheduleD/RevenueSubtotalAmt01052420
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04821
IRS990ScheduleD/TotalExpensesPerForm990Amt01043865
IRS990ScheduleD/TotalRevenuePerForm990Amt01052420
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01052420
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01043865
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0108549
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Event
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt044547
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt044547
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044547
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt044547
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-64002
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0108549
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0108549
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND MANAGEMENT, IT IS APPROVED BEFORE BEING SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICES, DIRECTORS, AND KEY EMPOYEES ARE MADE AWARE AND REQUIRED TO DISCLOSE ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION BASES COMPENSATION OF THE EXECTUTIVE DIRECTOR AND KEY EMPLOYEES ON THE PREVAILING RATES OF THOSE PAID BY SIMILIAR NON-PROFITS WITH IN THE CHICAGO AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION BASES COMPENSATION OF THE EXECTUTIVE DIRECTOR AND KEY EMPLOYEES ON THE PREVAILING RATES OF THOSE PAID BY SIMILIAR NON-PROFITS WITH IN THE CHICAGO AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Teachers/Artist/Trainer/Counselor - $92,600, Auditing Fees - $4,988, Grant Writing - $4,650, Payroll Services - $2,617.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0146386
IRS990/TotalAssetsEOYAmt0237118
IRS990/TotalAssetsGrp/BOYAmt0146386
IRS990/TotalAssetsGrp/EOYAmt0237118
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01009859
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063232
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0980633
IRS990/TotalFunctionalExpensesGrp/TotalAmt01043865
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt095899
IRS990/TotalLiabilitiesEOYAmt0178076
IRS990/TotalLiabilitiesGrp/BOYAmt095899
IRS990/TotalLiabilitiesGrp/EOYAmt0178076
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt050487
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt059042
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0980633
IRS990/TotalReportableCompFromOrgAmt0314267
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042561
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01052420
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0146386
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0237118
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01170
IRS990/TravelGrp/TotalAmt01170
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Marrice Coverson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum07739249802
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-05

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