Civic Intelligence

Breakthrough Holdings Inc Nfp

990 • Fiscal year 2021 • EIN 46-3074670

Jul 01, 2020 to Jun 30, 2021 • Filed on May 02, 2022

Organization ProfileN/A
402 N St Louis AveChicago, IL 60624

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2021

Net Margin

4th percentile

-530%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$103,963

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 129.0% of source-year revenue.

2021 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2021

Asset Growth

19th percentile

-3.7%

Faster asset growth than 19% of similar nonprofits.

2021 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-56%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$13,788,239

Down $524,921 (-3.7%) from 2020

Net Assets

Up

$13,788,239

Up $15,312,848 (+1004%) from 2020

Liabilities

Down

$0

Down $15,837,769 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin4th percentile

Revenue

Down

$80,583

Down $104,417 (-56%) from 2020

Expenses

Down

$507,735

Down $97,768 (-16%) from 2020

Net Income

Down

-$427,152

Down $6,649 (-1.6%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $18,359,153Liabilities 2014: $17,584,914Net Assets 2014: $774,2392014Assets 2015: $16,412,033Liabilities 2015: $15,837,771Net Assets 2015: $574,2622015Assets 2016: $15,995,553Liabilities 2016: $15,850,269Net Assets 2016: $145,2842016Assets 2017: $15,574,671Liabilities 2017: $15,837,769Net Assets 2017: -$263,0982017Assets 2018: $15,154,167Liabilities 2018: $15,837,769Net Assets 2018: -$683,6022018Assets 2019: $14,733,663Liabilities 2019: $15,837,769Net Assets 2019: -$1,104,1062019Assets 2020: $14,313,160Liabilities 2020: $15,837,769Net Assets 2020: -$1,524,6092020Assets 2021: $13,788,239Liabilities 2021: $0Net Assets 2021: $13,788,2392021Assets 2022: $13,368,735Liabilities 2022: $0Net Assets 2022: $13,368,7352022Assets 2023: $12,947,232Liabilities 2023: $0Net Assets 2023: $12,947,2322023

Highlighted filing

2021

Assets$13,788,239
Liabilities$0
Net Assets$13,788,239
Open 2021 Filing

Operations Trend

Revenue Growth7th percentile

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

$1.0M$500K$0-$500KRevenue 2014: $819,600Expenses 2014: $45,361Net Income 2014: $774,2392014Revenue 2015: $97,961Expenses 2015: $297,938Net Income 2015: -$199,9772015Revenue 2016: $174,293Expenses 2016: $603,271Net Income 2016: -$428,9782016Revenue 2017: $185,005Expenses 2017: $593,387Net Income 2017: -$408,3822017Revenue 2018: $185,000Expenses 2018: $605,504Net Income 2018: -$420,5042018Revenue 2019: $185,000Expenses 2019: $605,504Net Income 2019: -$420,5042019Revenue 2020: $185,000Expenses 2020: $605,503Net Income 2020: -$420,5032020Revenue 2021: $80,583Expenses 2021: $507,735Net Income 2021: -$427,1522021Revenue 2022: $1,000Expenses 2022: $420,504Net Income 2022: -$419,5042022Revenue 2023: $1,000Expenses 2023: $422,503Net Income 2023: -$421,5032023

Highlighted filing

2021

Revenue$80,583
Expenses$507,735
Net Income-$427,152
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 2, 2022
Return Version
2020v4.2
Gross Receipts
$80,583
Mission and Program Overview

Mission

Hold title to property, collect income therefrom and turn over such income, less expenses, to breakthrough urban ministries.

Real property holding company for Breakthrough Urban Ministries

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,208,160$13,787,656▼ $420,504
Accounts Receivable$105,000$583▼ $104,417
Total Assets$14,313,160$13,788,239▼ $524,921
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,740,000--
Accounts Payable and Accrued Expenses$97,769--
Total Liabilities$15,837,769$0▼ $15,837,769
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,524,609$13,788,239▲ $15,312,848
Total Net Assets Fund Balance$-1,524,609$13,788,239▲ $15,312,848
Total Liabilities and Net Assets / Fund Balance$14,313,160$13,788,239▼ $524,921

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,602,656$2,796,988$16,399,644
Land$185,000-$185,000
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleOtherTotal
John SmithExecutive Director$103,963$103,963

Board Members and Trustees

NameTitle
Helen KaminskiPresident
Jenny HaasDirector
Pastor Cy FieldsDirector
O'Neal MillerSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$80,583
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-427,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,218
Grants and Similar Amounts Paid$22,517
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$420,504--$420,504
Interest$40,478--$40,478
Fees for Services Other-$24,236-$24,236
Grants to Domestic Orgs$22,517--$22,517
Total Functional Expenses$483,499$24,236$0$507,735
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Breakthrough Urban Ministries IncChicago, IL501(c)(3)Support ministry$22,517
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The organization's sole member is Breakthrough Urban Ministries, Inc.”

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

“Breakthrough Urban Ministries, Inc. can remove and elect a majority of board members and make/approve amendments to the bylaws. There must be at least 1 Director independent from Breakthrough Urban Ministries, Inc.”

Form 990, Part VI, Section A, line 7B

“The organization's sole member can alter, amend, or repeal the organization's Bylaws, can amend the organization's Articles of Incorporation, can call special meetings for the organizaton's governing body, and can remove any member of the governing body for any reason.”

Form 990, Part VI, Section A, line 8B

“There are no committees with authority to act on behalf of the governing body. Therefore, this question was answered "no" in accordance with the instructions.”

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

“Form 990 is prepared by an independent CPA firm and reviewed in detail and approved by the Executive Director. The reviewed Form 990 is then provided to the Board of Directors for review and comment prior to filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“Board Members and officers are required to sign the conflict of interest policy annually and the Finance and Executive teams regularly monitor transactions for potential conflicts of interest. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.”

Form 990, Part VI, Section B, line 15

“The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions.”

Form 990, Part VI, Section C, line 19

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Breakthrough Holdings Inc NFP
EIN
46-3074670
Phone
8778295500
Address
402 N St Louis Ave, Chicago, IL 60624

Signing Officer

Name
John Smith
Title
Executive Director
Phone
8778295500
Signed
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Smith
Formed
2013
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Capin Crouse LLP
Address
55 Shuman Blvd Suite 300, Naperville, IL 60563
Preparer
Sara Tibbott
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Gain on extinguishment of debt 15,740,000.”

Raw XML Appendix356 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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IRS990ScheduleI/RecipientTable/RecipientEIN0363810926
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization's sole member is Breakthrough Urban Ministries, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Breakthrough Urban Ministries, Inc. can remove and elect a majority of board members and make/approve amendments to the bylaws. There must be at least 1 Director independent from Breakthrough Urban Ministries, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's sole member can alter, amend, or repeal the organization's Bylaws, can amend the organization's Articles of Incorporation, can call special meetings for the organizaton's governing body, and can remove any member of the governing body for any reason.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committees with authority to act on behalf of the governing body. Therefore, this question was answered "no" in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is prepared by an independent CPA firm and reviewed in detail and approved by the Executive Director. The reviewed Form 990 is then provided to the Board of Directors for review and comment prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board Members and officers are required to sign the conflict of interest policy annually and the Finance and Executive teams regularly monitor transactions for potential conflicts of interest. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Gain on extinguishment of debt 15,740,000.
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 A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, line 9:
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Partners with those in poverty
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0402 N St Louis Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Chicago
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014313160
IRS990/TotalAssetsEOYAmt013788239
IRS990/TotalAssetsGrp/BOYAmt014313160
IRS990/TotalAssetsGrp/EOYAmt013788239
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024236
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0483499
IRS990/TotalFunctionalExpensesGrp/TotalAmt0507735
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IRS990/TotalProgramServiceExpensesAmt0483499
IRS990/TotalProgramServiceRevenueAmt080583
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080583
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080583
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0John Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08778295500
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Breakthrough Holdings Inc NFP
ReturnHeader/Filer/BusinessNameControlTxt0BREA
ReturnHeader/Filer/EIN0463074670
ReturnHeader/Filer/PhoneNum08778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 N St Louis Ave
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060624
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363990892
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Capin Crouse LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt055 Shuman Blvd Suite 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Naperville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060563
ReturnHeader/PreparerPersonGrp/PhoneNum05055022746
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sara Tibbott
ReturnHeader/ReturnTs02022-05-02T16:08:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0John
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Smith
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,788,239
Liabilities
$0
Net assets
$13,788,239
Revenue
$80,583
Expenses
$507,735
Net income
-$427,152
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$12.9$0.00$12.9$0.00$0.42$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$0.00$13.4$0.00$0.42$0.42
2021Detailed filing. Detailed filing data is available for this year.$13.8$0.00$13.8$0.08$0.51$0.43
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$15.8$1.52$0.19$0.61$0.42
2019Summary only. Only limited summary data is available for this year.$14.7$15.8$1.10$0.19$0.61$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$15.8$0.68$0.19$0.61$0.42
2017Summary only. Only limited summary data is available for this year.$15.6$15.8$0.26$0.19$0.59$0.41
2016Detailed filing. Detailed filing data is available for this year.$16.0$15.9$0.15$0.17$0.60$0.43
2015Detailed filing. Detailed filing data is available for this year.$16.4$15.8$0.57$0.10$0.30$0.20
2014Summary only. Only limited summary data is available for this year.$18.4$17.6$0.77$0.82$0.05$0.77