Civic Intelligence

Project 120 Chicago

990 • Fiscal year 2015 • EIN 46-3328527

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 31, 2016

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

96th percentile

1.46x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

1.35x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

5th percentile

-87%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

9th percentile

-50%

Faster revenue growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$138,552

Up $19,419 (+16%) from 2014

Net Assets

Down

-$63,849

Down $130,297 (-196%) from 2014

Liabilities

Up

$202,401

Up $149,716 (+284%) from 2014

Revenue

Down

$150,250

Down $149,750 (-50%) from 2014

Expenses

Up

$280,546

Up $1,432 (+0.5%) from 2014

Net Income

Down

-$130,296

Down $151,182 (-724%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$138,552
Liabilities$202,401
Net Assets-$63,849

Operations Trend

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

2015

Revenue$150,250
Expenses$280,546
Net Income-$130,296
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 31, 2016
Return Version
2015v2.1
Gross Receipts
$150,250
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
Land, Buildings, and Equipment, Net$0$112,764▲ $112,764
Cash and Non-Interest-Bearing Accounts$81,581$25,788▼ $55,793
Total Assets$119,133$138,552▲ $19,419
Other Assets Total$37,552$0▼ $37,552
Liabilities
Accounts Payable and Accrued Expenses$52,685$202,401▲ $149,716
Total Liabilities$52,685$202,401▲ $149,716
Net Assets / Fund Balance
Unrestricted Net Assets$66,448$-63,849▼ $130,297
Total Net Assets Fund Balance$66,448$-63,849▼ $130,297
Total Liabilities and Net Assets / Fund Balance$119,133$138,552▲ $19,419

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$112,764$3,391$116,155
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert W Karr JrPresident & Director
William L FloridaVice President & Director
Leif SelkreggDirector
Suzanne Kopp-moskowDirector
Yumi RossDirector
Dayne KonoSecretary & Director
Kumiko WatanabeTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$150,250
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$150,250
Change in Net Assets
$-130,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,546
Total Fundraising Expense$51,461
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$195,572-$28,094$223,666
Conferences and Meetings$11,163-$3,352$14,515
Advertising--$7,386$7,386
Fees for Services Accounting-$7,363-$7,363
Office Expenses-$4,186-$4,186
Depreciation Depletion--$3,391$3,391
Other Expenses$9,237$850$9,238$850
Fees for Services Legal-$714-$714
Total Functional Expenses$215,972$13,113$51,461$280,546
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
2016-10-31
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
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 0. Management and general expenses 0. Fundraising expenses 28,094. Total expenses 28,094. Architectural services: program service expenses 40,943. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,943. Landscaping: program service expenses 154,629. Management and general expenses 0. Fundraising expenses 0. Total expenses 154,629.

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 and 2014 tax years ar 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, 2015.

Raw XML Appendix334 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 AND 2014 TAX YEARS AR 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, 2015.
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 28,094. TOTAL EXPENSES 28,094. ARCHITECTURAL SERVICES: PROGRAM SERVICE EXPENSES 40,943. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,943. LANDSCAPING: PROGRAM SERVICE EXPENSES 154,629. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 154,629.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0119133
IRS990/TotalAssetsEOYAmt0138552
IRS990/TotalAssetsGrp/BOYAmt0119133
IRS990/TotalAssetsGrp/EOYAmt0138552
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0150250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt051461
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013113
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215972
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280546
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052685
IRS990/TotalLiabilitiesEOYAmt0202401
IRS990/TotalLiabilitiesGrp/BOYAmt052685
IRS990/TotalLiabilitiesGrp/EOYAmt0202401
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt066448
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-63849
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0215972
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150250
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0119133
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0138552
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt066448
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-63849
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0203 N LASALLE STREET NO 2500
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060601
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.PROJECT120CHICAGO.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT KARR JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03122457500
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT 120 CHICAGO
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0463328527
ReturnHeader/Filer/PhoneNum03122457500
ReturnHeader/Filer/USAddress/AddressLine1Txt0203 N LASALLE STREET NO 2500
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
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/ReturnTs02016-11-14T10:46:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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