Civic Intelligence

Asm Qalicb Inc

990 • Fiscal year 2018 • EIN 37-1844801

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 13, 2018

Organization ProfileWWW.AFTERSCHOOLMATTERS.ORG
66 E Randolph Street 4th FloorChicago, IL 60601

(312) 742-4182

Siviq Scores

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

Liabilities / Assets

88th percentile

1.03x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

103.42x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2018

Net Margin

5th percentile

-295%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

41st percentile

$134,979

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 134.3% of source-year revenue.

2018 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2018

Asset Growth

5th percentile

-13%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

205%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$10,042,077

Down $1,438,192 (-13%) from 2017

Net Assets

Down

-$351,407

Down $4,789,455 (-108%) from 2017

Liabilities

Up

$10,393,484

Up $3,351,263 (+48%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin5th percentile

Revenue

Up

$100,501

Up $67,500 (+205%) from 2017

Expenses

Up

$397,367

Up $303,825 (+325%) from 2017

Net Income

Down

-$296,866

Down $236,325 (-390%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $11,480,269Liabilities 2017: $7,042,221Net Assets 2017: $4,438,0482017Assets 2018: $10,042,077Liabilities 2018: $10,393,484Net Assets 2018: -$351,4072018Assets 2019: $9,977,097Liabilities 2019: $10,533,203Net Assets 2019: -$556,1062019Assets 2020: $9,815,146Liabilities 2020: $10,563,514Net Assets 2020: -$748,3682020Assets 2021: $10,523,588Liabilities 2021: $10,609,646Net Assets 2021: -$86,0582021Assets 2022: $10,597,437Liabilities 2022: $10,701,769Net Assets 2022: -$104,3322022Assets 2023: $11,794,217Liabilities 2023: $11,918,162Net Assets 2023: -$123,9452023Assets 2024: $10,968,737Liabilities 2024: $6,589,905Net Assets 2024: $4,378,8322024

Highlighted filing

2018

Assets$10,042,077
Liabilities$10,393,484
Net Assets-$351,407
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

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

$1.0M$500K$0-$500KRevenue 2017: $33,001Expenses 2017: $93,542Net Income 2017: -$60,5412017Revenue 2018: $100,501Expenses 2018: $397,367Net Income 2018: -$296,8662018Revenue 2019: $118,750Expenses 2019: $323,449Net Income 2019: -$204,6992019Revenue 2020: $140,000Expenses 2020: $332,262Net Income 2020: -$192,2622020Revenue 2021: $314,287Expenses 2021: $333,543Net Income 2021: -$19,2562021Revenue 2022: $314,287Expenses 2022: $332,561Net Income 2022: -$18,2742022Revenue 2023: $314,287Expenses 2023: $333,900Net Income 2023: -$19,6132023Revenue 2024: $139,335Expenses 2024: $565,294Net Income 2024: -$425,9592024

Highlighted filing

2018

Revenue$100,501
Expenses$397,367
Net Income-$296,866
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$100,501
Mission and Program Overview

Mission

Asm qalicb, inc. Holds title to the lutz center in support of after school matters' (asm) mission of providing chicago public high school teens opportunities to explore and develop their talents, while gaining critical skills for work, college and beyond. The lutz center is a key component of asm's mission. Asm qalicb, inc. Leases the lutz center to asm which operates the property.

Asm qalicb, inc. Holds title to the lutz center in support of after school matters' (asm) mission of providing chicago public high school teens opportunities to explore and develop their talents, while gaining critical skills for work, college and beyond. The lutz family center is a key component of asm's mission. Asm qalicb, inc. Leases the lutz center to asm which operates the property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,803,099$9,713,508▼ $89,591
Cash and Non-Interest-Bearing Accounts$1,668,919$294,069▼ $1,374,850
Accounts Receivable$8,251$34,500▲ $26,249
Total Assets$11,480,269$10,042,077▼ $1,438,192
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,695,929$5,797,850▲ $101,921
Other Liabilities$4,492,589$4,588,868▲ $96,279
Accounts Payable and Accrued Expenses$1,346,292$6,766▼ $1,339,526
Total Liabilities$11,534,810$10,393,484▼ $1,141,326
Net Assets / Fund Balance
Unrestricted Net Assets$-54,541$-351,407▼ $296,866
Total Net Assets Fund Balance$-54,541$-351,407▼ $296,866
Total Liabilities and Net Assets / Fund Balance$11,480,269$10,042,077▼ $1,438,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,474,508$285,502$8,760,010
Land$1,239,000-$1,239,000
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleOtherTotal
Emily DempseySecretary$134,979$134,979

Board Members and Trustees

NameTitle
James WelchDirector
Jennifer FarringtonDirector
Robert WislowDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$100,501
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-296,866

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,501
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,502
Total Revenue per Audited Statements
$124,003
Total Revenue per Form 990
$100,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$397,367
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$230,250
Interest---$81,195
Occupancy---$78,808
Other Expenses---$7,114
Total Functional Expenses$0$0$0$397,367

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$420,869
Expenses per Audited Statements$397,367
Total Expenses per Form 990$397,367
Expenses Not Reported on Form 990$23,502
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party - After School Matters$4,588,868
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“After school matters, inc. Is the sole member of asm qalicb, inc.”

Form 990, Part VI, Section A, Line 7A

“After school matters, inc. Is the sole member of asm qalicb, inc. The after school matters' board of directors appointed the asm qalicb, inc. Board.”

Form 990, Part VI, Section B, Line 11B

“The organization retains the services of an independent cpa firm to prepare the organization's form 990. Management reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing.”

Form 990, Part VI, Section B, Line 12

“Starting in 2018, directors will complete an annual disclosure statement indicating any potential conflicts of interest. Potential conflicts will be reviewed, monitored and evaluated by the audit committee of the related organization, after school matters, inc.”

Form 990, Part VI, Section C, Line 19

“By-laws, irs determination letter and audited financial statements for the most recently completed fiscal year are available upon request in writing to after school matters 66 east randolph street, chicago, il 60601.”

Filing and Contact Details

Filer

Filer Name
Asm Qalicb Inc
EIN
37-1844801
Phone
3127424182
Address
66 E RANDOLPH STREET 4TH FLOOR, CHICAGO, IL 60601

Signing Officer

Name
Emily Dempsey
Title
Secretary
Phone
3127424182
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Welch
Formed
2017
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Lu Ann Trapp
Phone
3122071040
Supplemental Narrative

Additional Explanations

Form 990, Part X - Balance Sheet - Column (A)

“The beginning balances for net assets and due to related party were restated to agree with the beginning balances per the audited financial statements for the period ending june 30, 2018. The restatement corrected a misclassification between line 27 -net assets and line 25 -due to related party - after school matters. This restatement had no impact on revenue or expenses for the current 990 or the prior year 990.”

Raw XML Appendix325 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.

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IRS990/ActivityOrMissionDesc0ASM QALICB, INC. HOLDS TITLE TO THE LUTZ CENTER IN SUPPORT OF AFTER SCHOOL MATTERS' (ASM) MISSION OF PROVIDING CHICAGO PUBLIC HIGH SCHOOL TEENS OPPORTUNITIES TO EXPLORE AND DEVELOP THEIR TALENTS, WHILE GAINING CRITICAL SKILLS FOR WORK, COLLEGE AND BEYOND. THE LUTZ FAMILY CENTER IS A KEY COMPONENT OF ASM'S MISSION. ASM QALICB, INC. LEASES THE LUTZ CENTER TO ASM WHICH OPERATES THE PROPERTY.
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IRS990/Desc0ASM QALICB, INC. WAS FORMED IN CONNECTION WITH THE DEVELOPMENT, CONSTRUCTION, AND PLACING INTO SERVICE OF A YOUTH CENTER IN AN UNDERSERVED NEIGHBORHOOD IN CHICAGO, ILLINOIS. ASM QALICB, INC. IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS AND THEREBY QUALIFIED FOR FEDERAL NEW MARKETS TAX CREDITS THAT WERE USED TO HELP FINANCE THE RENOVATION OF THE LUTZ CENTER. ASM QALICB, INC. OWNS THE YOUTH CENTER AND HAS ENTERED INTO A LEASE AGREEMENT WITH AFTER SCHOOL MATTERS, INC., A 501(C)(3), TO OPERATE THE YOUTH CENTER.
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IRS990/MissionDesc0ASM QALICB, INC. HOLDS TITLE TO THE LUTZ CENTER IN SUPPORT OF AFTER SCHOOL MATTERS' (ASM) MISSION OF PROVIDING CHICAGO PUBLIC HIGH SCHOOL TEENS OPPORTUNITIES TO EXPLORE AND DEVELOP THEIR TALENTS, WHILE GAINING CRITICAL SKILLS FOR WORK, COLLEGE AND BEYOND. THE LUTZ CENTER IS A KEY COMPONENT OF ASM'S MISSION. ASM QALICB, INC. LEASES THE LUTZ CENTER TO ASM WHICH OPERATES THE PROPERTY.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY - AFTER SCHOOL MATTERS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFTER SCHOOL MATTERS, INC. IS THE SOLE MEMBER OF ASM QALICB, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFTER SCHOOL MATTERS, INC. IS THE SOLE MEMBER OF ASM QALICB, INC. THE AFTER SCHOOL MATTERS' BOARD OF DIRECTORS APPOINTED THE ASM QALICB, INC. BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3STARTING IN 2018, DIRECTORS WILL COMPLETE AN ANNUAL DISCLOSURE STATEMENT INDICATING ANY POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS WILL BE REVIEWED, MONITORED AND EVALUATED BY THE AUDIT COMMITTEE OF THE RELATED ORGANIZATION, AFTER SCHOOL MATTERS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BY-LAWS, IRS DETERMINATION LETTER AND AUDITED FINANCIAL STATEMENTS FOR THE MOST RECENTLY COMPLETED FISCAL YEAR ARE AVAILABLE UPON REQUEST IN WRITING TO AFTER SCHOOL MATTERS 66 EAST RANDOLPH STREET, CHICAGO, IL 60601.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BEGINNING BALANCES FOR NET ASSETS AND DUE TO RELATED PARTY WERE RESTATED TO AGREE WITH THE BEGINNING BALANCES PER THE AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDING JUNE 30, 2018. THE RESTATEMENT CORRECTED A MISCLASSIFICATION BETWEEN LINE 27 -NET ASSETS AND LINE 25 -DUE TO RELATED PARTY - AFTER SCHOOL MATTERS. THIS RESTATEMENT HAD NO IMPACT ON REVENUE OR EXPENSES FOR THE CURRENT 990 OR THE PRIOR YEAR 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X - BALANCE SHEET - COLUMN (A)
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
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ReturnHeader/BusinessOfficerGrp/PhoneNum03127424182
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
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ReturnHeader/Filer/PhoneNum03127424182
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.136.173.86
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:34:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LU ANN TRAPP
ReturnHeader/ReturnTs02018-11-15T15:12:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,042,077
Liabilities
$10,393,484
Net assets
-$351,407
Revenue
$100,501
Expenses
$397,367
Net income
-$296,866
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$6.59$4.38$0.14$0.57$0.43
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$11.9$0.12$0.31$0.33$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$10.7$0.10$0.31$0.33$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$10.6$0.09$0.31$0.33$0.02
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$9.82$10.6$0.75$0.14$0.33$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$10.5$0.56$0.12$0.32$0.20
2018Detailed filing. Detailed filing data is available for this year.$10.0$10.4$0.35$0.10$0.40$0.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$7.04$4.44$0.03$0.09$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)2 • $10M-$25M nonprofits