Civic Intelligence

Seize the Future Development Foundation

990 • Fiscal year 2021 • EIN 36-4573388

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

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

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.12x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

62nd percentile

16%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

47%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,783,918

Up $378,702 (+16%) from 2020

Net Assets

Up

$2,606,750

Up $452,710 (+21%) from 2020

Liabilities

Down

$177,168

Down $74,008 (-29%) from 2020

Revenue

Up

$1,506,538

Up $483,915 (+47%) from 2020

Expenses

Down

$1,053,828

Down $62,426 (-5.6%) from 2020

Net Income

Up

$452,710

Up $546,341 (+584%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$2,783,918
Liabilities$177,168
Net Assets$2,606,750

Operations Trend

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

2021

Revenue$1,506,538
Expenses$1,053,828
Net Income$452,710
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.0
Gross Receipts
$1,506,538
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$40,363$1,118,217▲ $1,077,854
Savings and Temporary Cash Investments$1,937,224$1,045,335▼ $891,889
Accounts Receivable$4,500$9,240▲ $4,740
Land, Buildings, and Equipment, Net$4,171$3,170▼ $1,001
Prepaid Expenses and Deferred Charges$1,231$1,231→ $0
Total Assets$2,405,216$2,783,918▲ $378,702
Other Assets Total$417,727$606,725▲ $188,998
Liabilities
Unsecured Notes Loans Payable$149,703$149,703→ $0
Other Liabilities$61,800--
Accounts Payable and Accrued Expenses$39,673$27,465▼ $12,208
Total Liabilities$251,176$177,168▼ $74,008
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,109,021$1,906,784▲ $797,763
Net Assets With Donor Restrictions$1,045,019$699,966▼ $345,053
Total Net Assets Fund Balance$2,154,040$2,606,750▲ $452,710
Total Liabilities and Net Assets / Fund Balance$2,405,216$2,783,918▲ $378,702

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,170$1,835$5,005
Other Assets Org$255,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bryan GayPresident/ceFT$144,208$4,207$148,415

Board Members and Trustees

NameTitle
Donald PilmerChairman
Nelson SantosVice Chairma
Alex LopezDirector
Brian DahlDirector
Charles DossDirector
Christine SobekDirector
Daniel DolanDirector
Dharmisth PatelDirector
Marcee BrummelDirector
Matthew WinkleDirector
Terry BohrDirector
Melinda KruderSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,442,979
Program Service Revenue
$29,000
Investment Income
$20,842
Other Revenue
$13,717
All Other Contributions
$71,777
Change in Net Assets
$452,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,506,538
Revenue Not Reported on Form 990
$21,770
Total Revenue per Audited Statements
$1,528,308
Total Revenue per Form 990
$1,506,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$442,927
Other Expenses$426,261
Grants and Similar Amounts Paid$184,640
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$348,878$52,131-$401,009
Grants to Domestic Orgs$184,640--$184,640
Fees for Services Legal$75,563$32,126-$107,689
Insurance$2,268$45,162-$47,430
Advertising$8,516$33,997-$42,513
Office Expenses$7,321$31,548-$38,869
Payroll Taxes$29,680$4,435-$34,115
Fees for Services Accounting-$28,572-$28,572
Other Expenses$19,783--$19,783
Other Employee Benefits-$7,803-$7,803
Conferences and Meetings$2,722$300-$3,022
Depreciation Depletion-$1,001-$1,001
Travel$79$11-$90
Total Functional Expenses$816,742$237,086$0$1,053,828

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,075,598
Expenses per Audited Statements$1,053,828
Total Expenses per Form 990$1,053,828
Expenses Not Reported on Form 990$21,770
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tavern on BroadwayAurora, IL-Building Renovation$49,048
112 Aurora LLCAurora, IL-Building Renovation$39,586
Ramsu Properties LLCAurora, IL-Interior Renovation$36,885
Billram PropertiesAurora, IL-Interior Renovation$25,000
M5 Holdings LLCAurora, IL-Interior Renovation$15,771
Service Plus Mechanical IncAurora, IL-Pandemic Relief$7,500
Insurance Examiners Services LtdAurora, IL-Pandemic Relief$6,850
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

Signing Officer

Name
Bryan Gay
Title
President/CEO
Phone
6302563160
Signed
2022-05-10

Organization Details

Principal Officer
Bryan Gay
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
Thomas a Weber
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 2018, 2019, and 2020 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.

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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 2018, 2019, AND 2020 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
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0INTERIOR RENOVATION
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2BUILDING RENOVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3INTERIOR RENOVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4BUILDING RENOVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5PANDEMIC RELIEF
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6PANDEMIC RELIEF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0M5 HOLDINGS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1RAMSU PROPERTIES LLC
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3BILLRAM PROPERTIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4TAVERN ON BROADWAY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5SERVICE PLUS MECHANICAL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6INSURANCE EXAMINERS SERVICES LTD
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