Civic Intelligence

Project 120 Chicago

990 • Fiscal year 2014 • EIN 46-3328527

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 17, 2015

Organization ProfileWWW.PROJECT120CHICAGO.ORG
203 N Lasalle Street No 2500Chicago, IL 60601

(312) 245-7500

Siviq Scores

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

Liabilities / Assets

88th percentile

0.44x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

58th percentile

7.0%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

98th percentile

509%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

96th percentile

200%

Faster revenue growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$119,133

Up $99,571 (+509%) from 2013

Net Assets

$66,448

No earlier filing loaded for comparison.

Liabilities

Up

$52,685

Up $52,685 from 2013

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin58th percentile

Revenue

Up

$300,000

Up $200,000 (+200%) from 2013

Expenses

Up

$279,114

Up $198,676 (+247%) from 2013

Net Income

Up

$20,886

Up $1,324 (+6.8%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2013: $19,562Liabilities 2013: $02013Assets 2014: $119,133Liabilities 2014: $52,685Net Assets 2014: $66,4482014Assets 2015: $138,552Liabilities 2015: $202,401Net Assets 2015: -$63,8492015Assets 2016: $283,144Liabilities 2016: $681,355Net Assets 2016: -$398,2112016Assets 2017: $240,121Liabilities 2017: $631,277Net Assets 2017: -$391,1562017Assets 2018: $173,675Liabilities 2018: $631,277Net Assets 2018: -$457,6022018Assets 2019: $149,750Liabilities 2019: $625,277Net Assets 2019: -$475,5272019Assets 2020: $129,792Liabilities 2020: $625,277Net Assets 2020: -$495,4852020Assets 2021: $108,203Liabilities 2021: $625,277Net Assets 2021: -$517,0742021

Highlighted filing

2014

Assets$119,133
Liabilities$52,685
Net Assets$66,448
Open 2014 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $100,000Expenses 2013: $80,438Net Income 2013: $19,5622013Revenue 2014: $300,000Expenses 2014: $279,114Net Income 2014: $20,8862014Revenue 2015: $150,250Expenses 2015: $280,546Net Income 2015: -$130,2962015Revenue 2016: $820,359Expenses 2016: $1,154,721Net Income 2016: -$334,3622016Revenue 2017: $75,291Expenses 2017: $68,236Net Income 2017: $7,0552017Revenue 2018: $25,000Expenses 2018: $91,446Net Income 2018: -$66,4462018Revenue 2019: $35,000Expenses 2019: $52,925Net Income 2019: -$17,9252019Revenue 2020: $10,000Expenses 2020: $29,959Net Income 2020: -$19,9592020Revenue 2021: $50Expenses 2021: $21,639Net Income 2021: -$21,5892021

Highlighted filing

2014

Revenue$300,000
Expenses$279,114
Net Income$20,886
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 17, 2015
Return Version
2014v5.0
Gross Receipts
$300,000
Mission and Program Overview

Mission

To support the development of historic jackson park into one of the most extraordinary urban parks in the nation where visitors can explore and experience science, nature, and humanity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,562$81,581▲ $62,019
Total Assets$19,562$119,133▲ $99,571
Other Assets Total$0$37,552▲ $37,552
Liabilities
Accounts Payable and Accrued Expenses-$52,685-
Total Liabilities$0$52,685▲ $52,685
Net Assets / Fund Balance
Unrestricted Net Assets$19,562$66,448▲ $46,886
Total Net Assets Fund Balance$19,562$66,448▲ $46,886
Total Liabilities and Net Assets / Fund Balance$19,562$119,133▲ $99,571

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,813--
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Robert W Karr JrPresident & Director
William L FloridaVice President & Director
Dayne KonoSecretary & Director
Kumiko WatanabeTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$300,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$300,000
Change in Net Assets
$20,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,114
Total Fundraising Expense$17,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$254,689--$254,689
Conferences and Meetings--$6,611$6,611
Travel--$5,558$5,558
Advertising--$5,000$5,000
Fees for Services Accounting-$4,801-$4,801
Office Expenses-$1,275-$1,275
Other Expenses-$1,180-$1,180
Total Functional Expenses$254,689$7,256$17,169$279,114
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A draft of the form 990 is reviewed by the president and treasurer. A copy of the form 990 is provided to all board members prior to submission.”

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

“A copy of the conflict of interest policy is provided to all board members at the beginning of their term. In accordance with this policy, members provide information about potential conflicts when the situation occurs and update this information annually.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Project 120 Chicago
EIN
46-3328527
Phone
3122457500
Address
203 N LASALLE STREET NO 2500, CHICAGO, IL 60601

Signing Officer

Name
Robert Karr Jr
Title
President
Phone
3122457500
Signed
2015-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert W Karr Jr
Formed
2013
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Mueller & Co Llp
Address
1707 N RANDALL RD STE 200, ELGIN, IL 60123
Preparer
Beth Ulbrich
Phone
8478888600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Project 120 chicago is exempt from federal income taxes on its charitable purpose related income under section 501(c)(3) of the internal revenue code. There is no unrelated business income for the organization and accordingly, no provision for income taxes has been recorded. The organization has evaluated its tax position taken for all open tax years. Currently, the 2013 tax year is open and subject to examination by the internal revenue service; however, the organization is not currently under audit nor has the organization been contacted by any of these jurisdictions. Based on the evaluation of the organization's tax position, management believes all positions taken would be upheld under an examination; therefore, no provision for the effects of uncertain tax position has been recorded for the year ended december 31, 2014.”

Raw XML Appendix297 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT & DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROJECT 120 CHICAGO IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS CHARITABLE PURPOSE RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE IS NO UNRELATED BUSINESS INCOME FOR THE ORGANIZATION AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE ORGANIZATION HAS EVALUATED ITS TAX POSITION TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE 2013 TAX YEAR IS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITION, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITION HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL BOARD MEMBERS AT THE BEGINNING OF THEIR TERM. IN ACCORDANCE WITH THIS POLICY, MEMBERS PROVIDE INFORMATION ABOUT POTENTIAL CONFLICTS WHEN THE SITUATION OCCURS AND UPDATE THIS INFORMATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/Filer/USAddress/ZIPCd060601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362658780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MUELLER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01707 N RANDALL RD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELGIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060123
ReturnHeader/PreparerPersonGrp/PhoneNum08478888600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BETH ULBRICH
ReturnHeader/ReturnTs02015-08-17T08:29:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,133
Liabilities
$52,685
Net assets
$66,448
Revenue
$300,000
Expenses
$279,114
Net income
$20,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.11$0.63$0.52$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.13$0.63$0.50$0.01$0.03$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.63$0.48$0.04$0.05$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.63$0.46$0.03$0.09$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.63$0.39$0.08$0.07$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.68$0.40$0.82$1.15$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.20$0.06$0.15$0.28$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.05$0.07$0.30$0.28$0.02
2013Summary only. Only limited summary data is available for this year.$0.02$0.00$0.10$0.08$0.02