Civic Intelligence

Seize the Future Development Foundation

990 • Fiscal year 2023 • EIN 36-4573388

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 08, 2024

Organization ProfileWWW.INVESTAURORA.ORG
43 West Galena BlvdAurora, IL 60506

(630) 256-3160

Siviq Scores

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

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

37th percentile

0.04x

Higher debt load relative to revenue than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$106,444

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$3,398,655

Up $477,375 (+16%) from 2022

Net Assets

Up

$3,326,880

Up $614,979 (+23%) from 2022

Liabilities

Down

$71,775

Down $137,604 (-66%) from 2022

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin82nd percentile

Revenue

Up

$1,988,055

Up $202,806 (+11%) from 2022

Expenses

Down

$1,373,076

Down $307,022 (-18%) from 2022

Net Income

Up

$614,979

Up $509,828 (+485%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $247,460Net Assets 2012: $247,4602012Assets 2013: $94,819Liabilities 2013: $18,616Net Assets 2013: $76,2032013Assets 2014: $695,263Liabilities 2014: $557Net Assets 2014: $694,7062014Assets 2016: $672,011Liabilities 2016: $26,571Net Assets 2016: $645,4402016Assets 2017: $2,195,465Liabilities 2017: $27,611Net Assets 2017: $2,167,8542017Assets 2018: $2,674,263Liabilities 2018: $23,571Net Assets 2018: $2,650,6922018Assets 2019: $2,297,920Liabilities 2019: $50,249Net Assets 2019: $2,247,6712019Assets 2020: $2,405,216Liabilities 2020: $251,176Net Assets 2020: $2,154,0402020Assets 2021: $2,783,918Liabilities 2021: $177,168Net Assets 2021: $2,606,7502021Assets 2022: $2,921,280Liabilities 2022: $209,379Net Assets 2022: $2,711,9012022Assets 2023: $3,398,655Liabilities 2023: $71,775Net Assets 2023: $3,326,8802023Assets 2024: $3,236,289Liabilities 2024: $43,834Net Assets 2024: $3,192,4552024

Highlighted filing

2023

Assets$3,398,655
Liabilities$71,775
Net Assets$3,326,880
Open 2023 Filing

Operations Trend

Revenue Growth57th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,778Expenses 2012: $161,028Net Income 2012: -$159,2502012Revenue 2013: $4,264Expenses 2013: $175,521Net Income 2013: -$171,2572013Revenue 2014: $1,019,142Expenses 2014: $400,639Net Income 2014: $618,5032014Revenue 2016: $847,199Expenses 2016: $910,911Net Income 2016: -$63,7122016Revenue 2017: $2,515,828Expenses 2017: $993,414Net Income 2017: $1,522,4142017Revenue 2018: $1,525,060Expenses 2018: $1,042,222Net Income 2018: $482,8382018Revenue 2019: $760,138Expenses 2019: $1,163,159Net Income 2019: -$403,0212019Revenue 2020: $1,022,623Expenses 2020: $1,116,254Net Income 2020: -$93,6312020Revenue 2021: $1,506,538Expenses 2021: $1,053,828Net Income 2021: $452,7102021Revenue 2022: $1,785,249Expenses 2022: $1,680,098Net Income 2022: $105,1512022Revenue 2023: $1,988,055Expenses 2023: $1,373,076Net Income 2023: $614,9792023Revenue 2024: $804,439Expenses 2024: $964,184Net Income 2024: -$159,7452024

Highlighted filing

2023

Revenue$1,988,055
Expenses$1,373,076
Net Income$614,979
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 8, 2024
Return Version
2022v5.0
Gross Receipts
$1,988,055
Mission and Program Overview

Mission

To motivate and facilitate the revitalization and development of aurora and its downtown.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,520,894$1,351,429▼ $1,169,465
Other Notes and Loans Receivable, Net$279,022$141,715▼ $137,307
Accounts Receivable$18,654$17,507▼ $1,147
Land, Buildings, and Equipment, Net$2,169$1,168▼ $1,001
Prepaid Expenses and Deferred Charges$1,624$836▼ $788
Total Assets$2,921,280$3,398,655▲ $477,375
Other Assets Total$98,917$1,886,000▲ $1,787,083
Liabilities
Unsecured Notes Loans Payable$150,000--
Accounts Payable and Accrued Expenses$59,379$71,775▲ $12,396
Total Liabilities$209,379$71,775▼ $137,604
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,254,258$3,326,880▲ $2,072,622
Net Assets With Donor Restrictions$1,457,643--
Total Net Assets Fund Balance$2,711,901$3,326,880▲ $614,979
Total Liabilities and Net Assets / Fund Balance$2,921,280$3,398,655▲ $477,375

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,168$3,837$5,005
Other Assets Org$1,886,000--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleBaseOtherTotal
Bryan GayFormer CEO$102,237$4,207$106,444

Board Members and Trustees

NameTitle
Donald PilmerPresident
Nelson SantosVice Chairma
Alex LopezDirector
Alex PopeDirector
Brian DahlDirector
Brian KnetlDirector
Charles DossDirector
Daniel DolanDirector
Dharmisth PatelDirector
Karen HalsteadDirector
Matthew WinkleDirector
Mayor Richard IrvinDirector
Terry BohrDirector
Loretta DalyActing Presi
Revenue and Support

Revenue Composition

Contributions and Grants
$1,879,269
Program Service Revenue
$51,295
Investment Income
$35,852
Other Revenue
$21,639
All Other Contributions
$6,234
Change in Net Assets
$614,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,988,055
Revenue Not Reported on Form 990
$21,770
Total Revenue per Audited Statements
$2,009,825
Total Revenue per Form 990
$1,988,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$610,284
Salaries, Compensation, and Employee Benefits$394,818
Other Expenses$367,974
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$606,000--$606,000
Other Salaries and Wages$316,539$47,299-$363,838
Fees for Services Legal$83,862$16,655-$100,517
Insurance$3,184$37,568-$40,752
Office Expenses$9,978$30,557-$40,535
Fees for Services Accounting$7,177$30,596-$37,773
Advertising$6,073$24,243-$30,316
Payroll Taxes$24,288$3,629-$27,917
Conferences and Meetings$15,496$830-$16,326
Interest$7,925$1,184-$9,109
Other Expenses$5,061$756-$5,817
Grants to Domestic Individuals$4,284--$4,284
Other Employee Benefits-$3,063-$3,063
Travel$1,864$279-$2,143
Depreciation Depletion-$1,001-$1,001
Total Functional Expenses$1,175,416$197,660$0$1,373,076

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,394,846
Expenses per Audited Statements$1,373,076
Total Expenses per Form 990$1,373,076
Expenses Not Reported on Form 990$21,770
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of AuroraAurora, IL--$606,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Page 6, Part VI, Line 11B

“Directors review form 990 prior to signature and filing.”

Form 990, Page 6, Part VI, Line 12C

“Each new responsible person shall be required to review a copy of the conflict of interest policy and to acknowledge in writing that he or she has done so. Each responsible person shall annually complete a disclosure form identifying any relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. The conflict of interest policy shall be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated immediately to all respoonsible persons.”

Form 990, Page 6, Part VI, Line 15A

“The directors performed a compensation survey and utilized an independent compensation consultant. The board then approved a written employment contract for the ceo.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Seize the Future Development
EIN
36-4573388
Phone
6302563160
Address
43 WEST GALENA BLVD, AURORA, IL 60506
Doing Business As
Invest Aurora

Signing Officer

Name
Loretta Daly
Title
Acting President/CEO
Phone
6302563160
Signed
2024-02-08

Organization Details

Principal Officer
Loretta Daly
Formed
2005
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
7
Volunteers
20

Preparer

Firm
WEBER & ASSOCIATES CPA'S
Address
314 N LAKE ST STE 1B, AURORA, IL 60506-4086
Preparer
Michael R Coakley
Phone
6308974500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Assistance to local organization.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted guidance issued by the financial accounting standards board relating to uncertain tax positions. The organization's policy is to classify income tax related interest and penalties in interest expense and other miscellaneous expenses, respectively. The tax years 2020, 2021, and 2022 for income tax returns filed in the u.s. Federal jurisdiction and the state of illinois (the organization's major tax jurisdictions) remain open and subject to examination. The organization has analyzed tax positions taken and believes that income tax filing positions would be sustained upon examination and does not anticipate any adjustments that would have a material adverse effect on the organization's financial condition, results of operations or cash flows.”

Raw XML AppendixShowing 400 of 535 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt059379
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt071775
IRS990/AccountsReceivableGrp/BOYAmt018654
IRS990/AccountsReceivableGrp/EOYAmt017507
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO MOTIVATE AND FACILITATE THE REVITALIZATION AND DEVELOPMENT OF AURORA AND ITS DOWNTOWN.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt024243
IRS990/AdvertisingGrp/ProgramServicesAmt06073
IRS990/AdvertisingGrp/TotalAmt030316
IRS990/AllOtherContributionsAmt06234
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0LORETTA DALY
IRS990/BooksInCareOfDetail/PhoneNum06302563160
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt043 WEST GALENA BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0AURORA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060506
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0830
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt015496
IRS990/ConferencesMeetingsGrp/TotalAmt016326
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01879269
IRS990/CYGrantsAndSimilarPaidAmt0610284
IRS990/CYInvestmentIncomeAmt035852
IRS990/CYOtherExpensesAmt0367974
IRS990/CYOtherRevenueAmt021639
IRS990/CYProgramServiceRevenueAmt051295
IRS990/CYRevenuesLessExpensesAmt0614979
IRS990/CYSalariesCompEmpBnftPaidAmt0394818
IRS990/CYTotalExpensesAmt01373076
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01988055
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01001
IRS990/DepreciationDepletionGrp/TotalAmt01001
IRS990/Desc0CONTRIBUTED TO THE ECONOMIC AND WORKFORCE DEVELOPMENT OF THE CITY OF AURORA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0INVEST AURORA
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01457643
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01175416
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt030596
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt07177
IRS990/FeesForServicesAccountingGrp/TotalAmt037773
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt016655
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt083862
IRS990/FeesForServicesLegalGrp/TotalAmt0100517
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt94.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt104.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt114.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt124.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt144207
IRS990/Form990PartVIISectionAGrp/PersonNm0DONALD PILMER
IRS990/Form990PartVIISectionAGrp/PersonNm1NELSON SANTOS
IRS990/Form990PartVIISectionAGrp/PersonNm2ALEX LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEX POPE
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN DAHL
IRS990/Form990PartVIISectionAGrp/PersonNm5BRIAN KNETL
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES DOSS
IRS990/Form990PartVIISectionAGrp/PersonNm7DANIEL DOLAN
IRS990/Form990PartVIISectionAGrp/PersonNm8DHARMISTH PATEL
IRS990/Form990PartVIISectionAGrp/PersonNm9KAREN HALSTEAD
IRS990/Form990PartVIISectionAGrp/PersonNm10MATTHEW WINKLE
IRS990/Form990PartVIISectionAGrp/PersonNm11MAYOR RICHARD IRVIN
IRS990/Form990PartVIISectionAGrp/PersonNm12TERRY BOHR
IRS990/Form990PartVIISectionAGrp/PersonNm13LORETTA DALY
IRS990/Form990PartVIISectionAGrp/PersonNm14BRYAN GAY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14102237
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ACTING PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER CEO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt01873035
IRS990/GrantAmt0610284
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt04284
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt04284
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0606000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0606000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01988055
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt037568
IRS990/InsuranceGrp/ProgramServicesAmt03184
IRS990/InsuranceGrp/TotalAmt040752
IRS990/InterestGrp/ManagementAndGeneralAmt01184
IRS990/InterestGrp/ProgramServicesAmt07925
IRS990/InterestGrp/TotalAmt09109
IRS990/InvestmentIncomeGrp/ExclusionAmt035852
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035852
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03837
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02169
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01168
IRS990/LandBldgEquipCostOrOtherBssAmt05005
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO MOTIVATE AND FACILITATE THE REVITALIZATION AND DEVELOPMENT OF AURORA AND ITS DOWNTOWN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02711901
IRS990/NetAssetsOrFundBalancesEOYAmt03326880
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01254258
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03326880
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030557
IRS990/OfficeExpensesGrp/ProgramServicesAmt09978
IRS990/OfficeExpensesGrp/TotalAmt040535
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt098917
IRS990/OtherAssetsTotalGrp/EOYAmt01886000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03063
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03063
IRS990/OtherExpensesGrp/Desc0LOAN FORGIVENESS
IRS990/OtherExpensesGrp/Desc1COMMUNITY DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2TUITION REIMBURSEMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0756
IRS990/OtherExpensesGrp/ProgramServicesAmt056589
IRS990/OtherExpensesGrp/ProgramServicesAmt127096
IRS990/OtherExpensesGrp/ProgramServicesAmt25061
IRS990/OtherExpensesGrp/TotalAmt056589
IRS990/OtherExpensesGrp/TotalAmt127096
IRS990/OtherExpensesGrp/TotalAmt25817
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt021580
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt159
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021580
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt159
IRS990/OtherRevenueTotalAmt021639
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt047299
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0316539
IRS990/OtherSalariesAndWagesGrp/TotalAmt0363838
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0279022
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0141715
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03629
IRS990/PayrollTaxesGrp/ProgramServicesAmt024288
IRS990/PayrollTaxesGrp/TotalAmt027917
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01624
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0836
IRS990/PrincipalOfficerNm0LORETTA DALY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/Desc0RETENTION AND PROGRAM SPONSOR
IRS990/ProgramServiceRevenueGrp/Desc1REIMBURSEMENT FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116295
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116295
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ASSISTANCE TO LOCAL ORGANIZATION.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01713667
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt066500
IRS990/PYInvestmentIncomeAmt026650
IRS990/PYOtherExpensesAmt01135387
IRS990/PYOtherRevenueAmt09207
IRS990/PYProgramServiceRevenueAmt035725
IRS990/PYRevenuesLessExpensesAmt0105151
IRS990/PYSalariesCompEmpBnftPaidAmt0478211
IRS990/PYTotalExpensesAmt01680098
IRS990/PYTotalRevenueAmt01785249
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0614979
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02520894
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01351429
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REVOLVING LOAN FUND 1,416,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0463269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01392033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01442979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0945492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0711195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04954968
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt035852
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020842
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt026316
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019926
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0129585
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0325050
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97450
IRS990ScheduleA/PublicSupportPY170Pct00.98180
IRS990ScheduleA/PublicSupportTotal170Amt04954968
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0463269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01392033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01442979
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0945492
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0711195
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04954968
IRS990ScheduleA/TotalSupportAmt05084553
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/DonatedServicesAndUseFcltsAmt021770
IRS990ScheduleD/DonatedServicesUseFcltsAmt021770
IRS990ScheduleD/EquipmentGrp/BookValueAmt01168
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03837
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05005
IRS990ScheduleD/ExpensesNotReportedAmt021770
IRS990ScheduleD/ExpensesSubtotalAmt01373076
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01886000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/RevenueNotReportedAmt021770
IRS990ScheduleD/RevenueSubtotalAmt01988055
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD RELATING TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER MISCELLANEOUS EXPENSES, RESPECTIVELY. THE TAX YEARS 2020, 2021, AND 2022 FOR INCOME TAX RETURNS FILED IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS (THE ORGANIZATION'S MAJOR TAX JURISDICTIONS) REMAIN OPEN AND SUBJECT TO EXAMINATION. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN AND BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01168
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01886000
IRS990ScheduleD/TotalExpensesPerForm990Amt01373076
IRS990ScheduleD/TotalRevenuePerForm990Amt01988055
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02009825
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01394846
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0606000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF AURORA
IRS990ScheduleI/RecipientTable/RecipientEIN0806128778
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt044 E DOWNER PLACE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AURORA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060507
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS A GRANT COMMITTEE THAT MEETS REGULARLY TO REVIEW, APPROVE AND MONITOR GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0102237

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,398,655
Liabilities
$71,775
Net assets
$3,326,880
Revenue
$1,988,055
Expenses
$1,373,076
Net income
$614,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.24$0.04$3.19$0.80$0.96$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.40$0.07$3.33$1.99$1.37$0.61
2022Detailed filing. Detailed filing data is available for this year.$2.92$0.21$2.71$1.79$1.68$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.78$0.18$2.61$1.51$1.05$0.45
2020Detailed filing. Detailed filing data is available for this year.$2.41$0.25$2.15$1.02$1.12$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.30$0.05$2.25$0.76$1.16$0.40
2018Detailed filing. Detailed filing data is available for this year.$2.67$0.02$2.65$1.53$1.04$0.48
2017Detailed filing. Detailed filing data is available for this year.$2.20$0.03$2.17$2.52$0.99$1.52
2016Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.65$0.85$0.91$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.69$1.02$0.40$0.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.02$0.08$0.00$0.18$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.25$0.00$0.16$0.16