Civic Intelligence

Spektral Quartet Nfp

990 • Fiscal year 2020 • EIN 45-3696789

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 03, 2020

Organization ProfileWWW.SPEKTRALQUARTET.COM
1506 W Rosemont AveChicago, IL 60660

(773) 710-1396

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.24x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.10x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

37th percentile

-0.0%

Higher net margin than 37% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$64,680

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

70th percentile

23%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

25%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$201,346

Up $37,025 (+23%) from 2019

Net Assets

Down

$152,835

Down $67 (-0.0%) from 2019

Liabilities

Up

$48,511

Up $37,092 (+325%) from 2019

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin37th percentile

Revenue

Up

$501,111

Up $99,653 (+25%) from 2019

Expenses

Up

$501,178

Up $163,496 (+48%) from 2019

Net Income

Down

-$67

Down $63,843 (-100%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$300K$200K$100K$0Assets 2013: $9,062Liabilities 2013: $02013Assets 2014: $5,539Liabilities 2014: $02014Assets 2015: $41,767Liabilities 2015: $1,9202015Assets 2016: $56,304Liabilities 2016: $2,562Net Assets 2016: $53,7422016Assets 2017: $61,801Liabilities 2017: $2,082Net Assets 2017: $59,7192017Assets 2018: $58,542Liabilities 2018: $215Net Assets 2018: $58,3272018Assets 2019: $164,321Liabilities 2019: $11,419Net Assets 2019: $152,9022019Assets 2020: $201,346Liabilities 2020: $48,511Net Assets 2020: $152,8352020Assets 2021: $241,050Liabilities 2021: $60,031Net Assets 2021: $181,0192021Assets 2022: $198,758Liabilities 2022: $9,756Net Assets 2022: $189,0022022Assets 2023: $59,711Liabilities 2023: $802023

Highlighted filing

2020

Assets$201,346
Liabilities$48,511
Net Assets$152,835
Open 2020 Filing

Operations Trend

Revenue Growth77th percentile

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

$600K$400K$200K$0-$200KRevenue 2013: $66,457Expenses 2013: $66,642Net Income 2013: -$1852013Revenue 2014: $117,439Expenses 2014: $120,962Net Income 2014: -$3,5232014Revenue 2015: $198,790Expenses 2015: $166,806Net Income 2015: $31,9842015Revenue 2016: $205,253Expenses 2016: $190,988Net Income 2016: $14,2652016Revenue 2017: $217,286Expenses 2017: $212,898Net Income 2017: $4,3882017Revenue 2018: $250,885Expenses 2018: $252,277Net Income 2018: -$1,3922018Revenue 2019: $401,458Expenses 2019: $337,682Net Income 2019: $63,7762019Revenue 2020: $501,111Expenses 2020: $501,178Net Income 2020: -$672020Revenue 2021: $406,354Expenses 2021: $379,670Net Income 2021: $26,6842021Revenue 2022: $544,758Expenses 2022: $536,775Net Income 2022: $7,9832022Revenue 2023: $142,614Expenses 2023: $271,985Net Income 2023: -$129,3712023

Highlighted filing

2020

Revenue$501,111
Expenses$501,178
Net Income-$67
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 3, 2020
Return Version
2019v5.0
Gross Receipts
$501,682
Mission and Program Overview

Mission

To provide artistic and educational programming of classical string quartet chamber music, with performances around the united states, educational workshops with university music students, and commissions of composers for new works.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$72,806$158,635▲ $85,829
Savings and Temporary Cash Investments$57,307$38,010▼ $19,297
Pledges and Grants Receivable$31,000$0▼ $31,000
Prepaid Expenses and Deferred Charges$2,477$4,701▲ $2,224
Land, Buildings, and Equipment, Net$731$0▼ $731
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$164,321$201,346▲ $37,025
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$41,597-
Deferred Revenue-$6,600-
Accounts Payable and Accrued Expenses$11,419$314▼ $11,105
Total Liabilities$11,419$48,511▲ $37,092
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$77,602$130,835▲ $53,233
Net Assets With Donor Restrictions$75,300$22,000▼ $53,300
Total Net Assets Fund Balance$152,902$152,835▼ $67
Total Liabilities and Net Assets / Fund Balance$164,321$201,346▲ $37,025

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$4,862-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Russell RolenExecutive DirectorFT$64,680$64,680

Board Members and Trustees

NameTitle
Sarah Forbes OrwigChair
Joseph BeinVice-Chair
Gerald AdelmannDirector
Natalie BontumasiDirector
Nina KimDirector
Barbara BrotmanSecretary
James D SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$233,107
Program Service Revenue
$263,205
Investment Income
$3
Other Revenue
$4,796
All Other Contributions
$233,107
Change in Net Assets
$-67

Audited Revenue Reconciliation

Revenue per Audited Statements
$501,111
Revenue Not Reported on Form 990
$1,500
Total Revenue per Audited Statements
$502,611
Total Revenue per Form 990
$501,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$284,745
Other Expenses$213,343
Total Fundraising Expense$9,943
Grants and Similar Amounts Paid$3,090
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$183,676$4,508$2,188$190,372
Current Officers, Directors, Trustees, and Key Employees$54,331$7,762$2,587$64,680
All Other Expenses$34,412$5,232$1,661$41,305
Fees for Services Other$22,000$4,955$90$27,045
Payroll Taxes$16,795$5,748$1,150$23,693
Other Expenses$19,239--$19,239
Travel$18,621$238-$18,859
Advertising$13,846--$13,846
Insurance-$10,187-$10,187
Other Employee Benefits$4,800$720$480$6,000
Occupancy-$5,144-$5,144
Grants to Domestic Orgs$3,090--$3,090
Office Expenses-$2,067$974$3,041
Information Technology-$2,184$813$2,997
Depreciation Depletion-$731-$731
Interest-$68-$68
Total Functional Expenses$441,691$49,544$9,943$501,178

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$502,678
Expenses per Audited Statements$501,178
Total Expenses per Form 990$501,178
Expenses Not Reported on Form 990$1,500
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed by the treasurer before submitting to the irs. The forms are deposited into a shared hard drive, to which all board members have viewing privileges. Board members are notified and invited to review the form as they wish.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The board of directors makes it a standing agenda item to query the board for potential conflicts of interest.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The compensation committee is compromised of three independent directors, and meets to discuss and approve all compensation for administration and to set fee schedule for program service vendors.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization maintains a profile on guidestar.org and files all required paperwork with the state of illinois.”

Filing and Contact Details

Filer

Filer Name
Spektral Quartet Nfp
EIN
45-3696789
Phone
7737101396
Address
1506 W ROSEMONT AVE, CHICAGO, IL 60660

Signing Officer

Name
Russell Rolen
Title
Executive Director
Signed
2020-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Rolen
Formed
2011
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
7
Employees
7
Volunteers
7

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
564 W RANDOLPH STREET SUITE 200, CHICAGO, IL 60661
Preparer
Alfredo Rodriguez CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The organization is exempt from federal and state income taxes under section 501 (c)(3) of the internal revenue code, therefore, the financial statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taking authorities, based on the technical merits of the positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.”

Raw XML AppendixShowing 400 of 467 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/Desc0THE ORGANIZATION CONTRACTS A CLASSICAL STRING QUARTET TWO VIOLINISTS, ONE VIOLIST, ONE CELLIST CALLED THE SPEKTRAL QUARTET THAT SERVES THE ORGANIZATION BY PROMOTING THE EDUCATION AND EXPANSION OF MUSIC WRITTEN FOR STRING QUARTET THROUGH PERFORMANCES AND EDUCATIONAL ACTIVITIES.
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IRS990/OccupancyGrp/TotalAmt05144
IRS990/OfficeExpensesGrp/FundraisingAmt0974
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02067
IRS990/OfficeExpensesGrp/TotalAmt03041
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0480
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0720
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04800
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06000
IRS990/OtherExpensesGrp/Desc0TOURING MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc1RECORDING PROJECTS
IRS990/OtherExpensesGrp/Desc2PRODUCTION
IRS990/OtherExpensesGrp/Desc3TRAVEL ACCOMODATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt028553
IRS990/OtherExpensesGrp/ProgramServicesAmt122948
IRS990/OtherExpensesGrp/ProgramServicesAmt219380
IRS990/OtherExpensesGrp/ProgramServicesAmt319239
IRS990/OtherExpensesGrp/TotalAmt028553
IRS990/OtherExpensesGrp/TotalAmt122948
IRS990/OtherExpensesGrp/TotalAmt219380
IRS990/OtherExpensesGrp/TotalAmt319239
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01524
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01524
IRS990/OtherRevenueTotalAmt01524
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02188
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04508
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0183676
IRS990/OtherSalariesAndWagesGrp/TotalAmt0190372
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01150
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05748
IRS990/PayrollTaxesGrp/ProgramServicesAmt016795
IRS990/PayrollTaxesGrp/TotalAmt023693
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt031000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02477
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04701
IRS990/PrincipalOfficerNm0RUSSELL ROLEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/Desc0PERFORMANCE FEES
IRS990/ProgramServiceRevenueGrp/Desc1TEACHING & RESIDENCY FEES
IRS990/ProgramServiceRevenueGrp/Desc2TICKET SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0222400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0222400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217905
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0228234
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0266370
IRS990/PYProgramServiceRevenueAmt0173220
IRS990/PYRevenuesLessExpensesAmt063776
IRS990/PYSalariesCompEmpBnftPaidAmt071312
IRS990/PYTotalExpensesAmt0337682
IRS990/PYTotalRevenueAmt0401458
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-67
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0266477
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057307
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0233107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0228234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0102032
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0107198
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt069036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0739607
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0830193
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01524
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01524
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72510
IRS990ScheduleA/PublicSupportPY170Pct00.74290
IRS990ScheduleA/PublicSupportTotal170Amt0537388
IRS990ScheduleA/SubstantialContributorsTotAmt0202219
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0233107
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0228234
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0102032
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0107198
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt069036
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0739607
IRS990ScheduleA/TotalSupportAmt0741140
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/DonatedServicesAndUseFcltsAmt01500
IRS990ScheduleD/DonatedServicesUseFcltsAmt01500
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04862
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt04862
IRS990ScheduleD/ExpensesNotReportedAmt01500
IRS990ScheduleD/ExpensesSubtotalAmt0501178
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt01500
IRS990ScheduleD/RevenueSubtotalAmt0501111
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAKING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0501178
IRS990ScheduleD/TotalRevenuePerForm990Amt0501111
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0502611
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0502678
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE TREASURER BEFORE SUBMITTING TO THE IRS. THE FORMS ARE DEPOSITED INTO A SHARED HARD DRIVE, TO WHICH ALL BOARD MEMBERS HAVE VIEWING PRIVILEGES. BOARD MEMBERS ARE NOTIFIED AND INVITED TO REVIEW THE FORM AS THEY WISH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MAKES IT A STANDING AGENDA ITEM TO QUERY THE BOARD FOR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION COMMITTEE IS COMPROMISED OF THREE INDEPENDENT DIRECTORS, AND MEETS TO DISCUSS AND APPROVE ALL COMPENSATION FOR ADMINISTRATION AND TO SET FEE SCHEDULE FOR PROGRAM SERVICE VENDORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAINTAINS A PROFILE ON GUIDESTAR.ORG AND FILES ALL REQUIRED PAPERWORK WITH THE STATE OF ILLINOIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$201,346
Liabilities
$48,511
Net assets
$152,835
Revenue
$501,111
Expenses
$501,178
Net income
-$67
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.60$0.00$1.43$2.72$1.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.10$1.89$5.45$5.37$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.60$1.81$4.06$3.80$0.27
2020Detailed filing. Detailed filing data is available for this year.$2.01$0.49$1.53$5.01$5.01$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.11$1.53$4.01$3.38$0.64
2018Summary only. Only limited summary data is available for this year.$0.59$0.00$0.58$2.51$2.52$0.01
2017Summary only. Only limited summary data is available for this year.$0.62$0.02$0.60$2.17$2.13$0.04
2016Summary only. Only limited summary data is available for this year.$0.56$0.03$0.54$2.05$1.91$0.14
2015Summary only. Only limited summary data is available for this year.$0.42$0.02$1.99$1.67$0.32
2014Summary only. Only limited summary data is available for this year.$0.06$0.00$1.17$1.21$0.04
2013Summary only. Only limited summary data is available for this year.$0.09$0.00$0.66$0.67$0.00