Civic Intelligence

Project 120 Chicago

990 • Fiscal year 2016 • EIN 46-3328527

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

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

98th percentile

2.41x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.83x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

95th percentile

104%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

446%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$283,144

Up $144,592 (+104%) from 2015

Net Assets

Down

-$398,211

Down $334,362 (-524%) from 2015

Liabilities

Up

$681,355

Up $478,954 (+237%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin8th percentile

Revenue

Up

$820,359

Up $670,109 (+446%) from 2015

Expenses

Up

$1,154,721

Up $874,175 (+312%) from 2015

Net Income

Down

-$334,362

Down $204,066 (-157%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2016

Assets$283,144
Liabilities$681,355
Net Assets-$398,211
Open 2016 Filing

Operations Trend

Revenue Growth99th 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

2016

Revenue$820,359
Expenses$1,154,721
Net Income-$334,362
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$820,359
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$112,764$272,370▲ $159,606
Cash and Non-Interest-Bearing Accounts$25,788$10,774▼ $15,014
Total Assets$138,552$283,144▲ $144,592
Liabilities
Accounts Payable and Accrued Expenses$202,401$681,355▲ $478,954
Total Liabilities$202,401$681,355▲ $478,954
Net Assets / Fund Balance
Unrestricted Net Assets$-63,849$-398,211▼ $334,362
Total Net Assets Fund Balance$-63,849$-398,211▼ $334,362
Total Liabilities and Net Assets / Fund Balance$138,552$283,144▲ $144,592

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$272,370$51,591$323,961
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Yumi RossDesign Chair
Robert W Karr JrPresident
Suzanne Kopp-moskowExecutive Vice President
William L FloridaVice President
Leif SelkreggProject Management Advisor
Dayne KonoSecretary
Kumiko WatanabeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$820,359
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$820,359
Change in Net Assets
$-334,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$740,032
Other Expenses$414,689
Total Fundraising Expense$250,970
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$740,032--$740,032
Fees for Services Other$45,577$16,000$126,753$188,330
Advertising$49,187-$2,000$51,187
Depreciation Depletion--$48,200$48,200
Travel$11,876-$3,494$15,370
Conferences and Meetings$30-$13,975$14,005
Fees for Services Accounting-$5,040-$5,040
Office Expenses-$1,773-$1,773
Information Technology-$1,224-$1,224
Insurance-$1,199-$1,199
Occupancy-$512-$512
Other Expenses$31,286$15$56,548$15
Total Functional Expenses$877,988$25,763$250,970$1,154,721
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Art Institute of ChicagoChicago, IL-Development of Jackson Park.-
Chicago Park DistrictChicago, ILGovernmentDevelopment of Jackson Park.-
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 11B

“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
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert W Karr Jr
Formed
2013
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

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 15,877. Management and general expenses 0. Fundraising expenses 126,753. Total expenses 142,630. Other professional fees: program service expenses 28,200. Management and general expenses 16,000. Fundraising expenses 0. Total expenses 44,200. Landscaping: program service expenses 1,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,500.”

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, 2014 and 2015 tax years are 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, 2016.”

Raw XML Appendix379 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
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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, 2014 AND 2015 TAX YEARS ARE 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, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0YOKO ONO SCULPTURE ARTWORK
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1ARTWORK
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEVELOPMENT OF JACKSON PARK.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DEVELOPMENT OF JACKSON PARK.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHICAGO PARK DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ART INSTITUTE OF CHICAGO
IRS990ScheduleI/RecipientTable/RecipientEIN0362167725
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0541 N FAIRBANKS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1111 SOUTH MICHIGAN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd160603
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1COST
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE GIVEN IN THE FORM OF COMPLETED PROJECTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 15,877. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 126,753. TOTAL EXPENSES 142,630. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 28,200. MANAGEMENT AND GENERAL EXPENSES 16,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,200. LANDSCAPING: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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/TotalAssetsBOYAmt0138552
IRS990/TotalAssetsEOYAmt0283144
IRS990/TotalAssetsGrp/BOYAmt0138552
IRS990/TotalAssetsGrp/EOYAmt0283144
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0820359
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0250970
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025763
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0877988
IRS990/TotalFunctionalExpensesGrp/TotalAmt01154721
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0202401
IRS990/TotalLiabilitiesEOYAmt0681355
IRS990/TotalLiabilitiesGrp/BOYAmt0202401
IRS990/TotalLiabilitiesGrp/EOYAmt0681355
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-63849
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-398211
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0877988
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0820359
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0138552
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0283144
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt03494
IRS990/TravelGrp/ProgramServicesAmt011876
IRS990/TravelGrp/TotalAmt015370
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-63849
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-398211
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0203 N LASALLE STREET NO 2500
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060601
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
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/SignatureDt02017-11-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId02D2A0B7B8ECD3B7934310979D1BFA647D26BF61A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId010E8A07CF780996A696155E5DBEC99F0AF327026
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.188.150.2
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:24:57
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/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BETH ULBRICH
ReturnHeader/ReturnTs02017-11-15T15:37:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$283,144
Liabilities
$681,355
Net assets
-$398,211
Revenue
$820,359
Expenses
$1,154,721
Net income
-$334,362
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