Civic Intelligence

Project 120 Chicago

990 • Fiscal year 2017 • EIN 46-3328527

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 22, 2018

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

2.63x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

8.38x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

62nd percentile

9.4%

Higher net margin than 62% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

24th percentile

-15%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-91%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$240,121

Down $43,023 (-15%) from 2016

Net Assets

Up

-$391,156

Up $7,055 (+1.8%) from 2016

Liabilities

Down

$631,277

Down $50,078 (-7.3%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin62nd percentile

Revenue

Down

$75,291

Down $745,068 (-91%) from 2016

Expenses

Down

$68,236

Down $1,086,485 (-94%) from 2016

Net Income

Up

$7,055

Up $341,417 (+102%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2017

Assets$240,121
Liabilities$631,277
Net Assets-$391,156
Open 2017 Filing

Operations Trend

Revenue Growth2nd 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

2017

Revenue$75,291
Expenses$68,236
Net Income$7,055
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 22, 2018
Return Version
2017v2.3
Gross Receipts
$75,291
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$272,370$224,170▼ $48,200
Cash and Non-Interest-Bearing Accounts$10,774$15,951▲ $5,177
Total Assets$283,144$240,121▼ $43,023
Liabilities
Accounts Payable and Accrued Expenses$681,355$631,277▼ $50,078
Total Liabilities$681,355$631,277▼ $50,078
Net Assets / Fund Balance
Unrestricted Net Assets$-398,211$-391,156▲ $7,055
Total Net Assets Fund Balance$-398,211$-391,156▲ $7,055
Total Liabilities and Net Assets / Fund Balance$283,144$240,121▼ $43,023

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$224,170$99,791$323,961
Compensation and Service Providers
Top Officer Pay76th 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
$75,291
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$75,291
Change in Net Assets
$7,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,236
Total Fundraising Expense$52,884
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion--$48,200$48,200
Fees for Services Other$5,610$4,000$4,000$13,610
Advertising$2,067--$2,067
Fees for Services Accounting-$1,832-$1,832
Office Expenses-$787-$787
Insurance-$645-$645
Conferences and Meetings--$558$558
Information Technology-$463-$463
Travel$45-$126$171
Other Expenses$-97--$-97
Total Functional Expenses$7,625$7,727$52,884$68,236
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
Kumiko Watanabe
Title
Treasurer
Phone
3122457500
Signed
2018-10-22
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

“Other professional fees: program service expenses 5,610. Management and general expenses 4,000. Fundraising expenses 4,000. Total expenses 13,610.”

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 2014, 2015 and 2016 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, 2017.”

Raw XML Appendix338 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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DESIGN CHAIR
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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 2014, 2015 AND 2016 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, 2017.
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/ExplanationTxt3OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 5,610. MANAGEMENT AND GENERAL EXPENSES 4,000. FUNDRAISING EXPENSES 4,000. TOTAL EXPENSES 13,610.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-22
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ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$240,121
Liabilities
$631,277
Net assets
-$391,156
Revenue
$75,291
Expenses
$68,236
Net income
$7,055
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