Civic Intelligence

Seize the Future Development Foundation

990 • Fiscal year 2024 • EIN 36-4573388

Jul 01, 2024 to Dec 31, 2024 • Filed on Nov 12, 2025

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

(630) 256-3160

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$2,218,926

Down $1,179,729 (-35%) from 2023

Net Assets

Down

$2,174,720

Down $1,152,160 (-35%) from 2023

Liabilities

Down

$44,206

Down $27,569 (-38%) from 2023

Revenue And Expenses

Revenue

Up

$4,049,088

Up $2,061,033 (+104%) from 2023

Expenses

Up

$5,066,823

Up $3,693,747 (+269%) from 2023

Net Income

Down

-$1,017,735

Down $1,632,714 (-265%) from 2023

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: $3,192,4552024Assets 2024: $2,218,926Liabilities 2024: $44,206Net Assets 2024: $2,174,7202024

Highlighted filing

2024

Assets$2,218,926
Liabilities$44,206
Net Assets$2,174,720
Open 2024 Filing

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 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: -$159,7452024Revenue 2024: $4,049,088Expenses 2024: $5,066,823Net Income 2024: -$1,017,7352024

Highlighted filing

2024

Revenue$4,049,088
Expenses$5,066,823
Net Income-$1,017,735
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$4,049,088
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$1,368,803$1,477,028▲ $108,225
Other Notes and Loans Receivable, Net$166,236$62,795▼ $103,441
Accounts Receivable$20,124$19,715▼ $409
Land, Buildings, and Equipment, Net$5,805$4,933▼ $872
Prepaid Expenses and Deferred Charges$836$2,544▲ $1,708
Total Assets$3,236,289$2,218,926▼ $1,017,363
Other Assets Total$1,674,485$651,911▼ $1,022,574
Liabilities
Accounts Payable and Accrued Expenses$43,834$44,206▲ $372
Total Liabilities$43,834$44,206▲ $372
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,155,070$1,642,126▲ $487,056
Net Assets Without Donor Restrictions$2,037,385$532,594▼ $1,504,791
Total Net Assets Fund Balance$3,192,455$2,174,720▼ $1,017,735
Total Liabilities and Net Assets / Fund Balance$3,236,289$2,218,926▼ $1,017,363

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,933$7,120$12,053
Other Assets Org$651,911--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KELLY O'BRIENPresident/ceFT$118,587$9,072$127,659

Board Members and Trustees

NameTitle
Donald PilmerChairman
Nelson SantosVice Chairma
Alejandro LopezDirector
Alexander PopeDirector
Brian DahlDirector
Brian KnetlDirector
Charles DossDirector
Colette RozanskiDirector
Daniel DolanDirector
Dharmisth PatelDirector
Karen HalsteadDirector
Matthew WinkleDirector
Richard IrvinDirector & M
Revenue and Support

Revenue Composition

Contributions and Grants
$3,957,403
Program Service Revenue
$0
Investment Income
$40,014
Other Revenue
$51,671
All Other Contributions
$35,000
Change in Net Assets
$-1,017,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,049,088
Revenue Not Reported on Form 990
$10,885
Total Revenue per Audited Statements
$4,059,973
Total Revenue per Form 990
$4,049,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,181,485
Other Expenses$1,625,075
Salaries, Compensation, and Employee Benefits$260,263
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,181,485--$3,181,485
Other Salaries and Wages$209,044$31,236-$240,280
Advertising$21,234$84,771-$106,005
Fees for Services Other$15,118$64,452-$79,570
Fees for Services Legal$29,422$31,483-$60,905
Office Expenses$2,025$33,098-$35,123
Insurance$1,524$28,961-$30,485
Fees for Services Accounting$2,594$11,056-$13,650
Payroll Taxes$10,921$1,632-$12,553
Conferences and Meetings$9,530$405-$9,935
Other Employee Benefits-$7,430-$7,430
Travel$4,648$694-$5,342
Other Expenses$1,269$656-$1,269
Depreciation Depletion-$872-$872
Total Functional Expenses$4,770,077$296,746$0$5,066,823

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,077,708
Expenses per Audited Statements$5,066,823
Total Expenses per Form 990$5,066,823
Expenses Not Reported on Form 990$10,885
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Elevate Aurora IncAurora, IL501c6General Support$3,181,485
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
Sue Bertrand
Title
Executive Director
Phone
6302563160
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
KELLY O'BRIEN
Formed
2005
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
20

Preparer

Firm
WEBER & ASSOCIATES CPA'S
Address
314 N LAKE ST STE 1B, AURORA, IL 60506-4086
Preparer
Gabriela Fedmasu
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 2022, 2023, and 2024 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REVOLVING LOAN FUND 160,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01392033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01442979
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTES RECEIVABLE
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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 2022, 2023, AND 2024 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/CashGrantAmt03181485
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C6
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ELEVATE AURORA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0331860653
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt043 W GALENA BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AURORA
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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
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSISTANCE TO LOCAL ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS REVIEW FORM 990 PRIOR TO SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DIRECTORS PERFORMED A COMPENSATION SURVEY AND UTILIZED AN INDEPENDENT COMPENSATION CONSULTANT. THE BOARD THEN APPROVED A WRITTEN EMPLOYMENT CONTRACT FOR THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0SEIZE THE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine2Txt0FUTURE DEVELOPMENT FOUNDATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0364817227
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0AURORA ST CHARLES SENIOR LIVING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine2Txt0NFP LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt043 W GALENA BLVD

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,218,926
Liabilities
$44,206
Net assets
$2,174,720
Revenue
$4,049,088
Expenses
$5,066,823
Net income
-$1,017,735
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
2024Detailed filing. Detailed filing data is available for this year.$2.22$0.04$2.17$4.05$5.07$1.02
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