Civic Intelligence

Quiroga Foundation

990 • Fiscal year 2019 • EIN 46-3914338

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 21, 2019

Organization Profilewww.quirogacollege.org
2114 West 22nd PlaceChicago, IL 60608

(773) 523-2440

Siviq Scores

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

Liabilities / Assets

98th percentile

5.30x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

15.16x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

3rd percentile

-243%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

95th percentile

$62,628

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 48.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

$371,142

No earlier filing loaded for comparison.

Net Assets

-$1,594,814

No earlier filing loaded for comparison.

Liabilities

$1,965,956

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

$129,678

No earlier filing loaded for comparison.

Expenses

$444,601

No earlier filing loaded for comparison.

Net Income

-$314,923

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2019: $371,142Liabilities 2019: $1,965,956Net Assets 2019: -$1,594,8142019Assets 2020: $385,086Liabilities 2020: $2,328,304Net Assets 2020: -$1,943,2182020Assets 2021: $414,917Liabilities 2021: $2,519,961Net Assets 2021: -$2,105,0442021Assets 2022: $387,849Liabilities 2022: $23,312Net Assets 2022: $364,5372022Assets 2023: $326,079Liabilities 2023: $40,606Net Assets 2023: $285,4732023Assets 2024: $336,876Liabilities 2024: $83,315Net Assets 2024: $253,5612024

Highlighted filing

2019

Assets$371,142
Liabilities$1,965,956
Net Assets-$1,594,814
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $129,678Expenses 2019: $444,601Net Income 2019: -$314,9232019Revenue 2020: $160,551Expenses 2020: $459,538Net Income 2020: -$298,9872020Revenue 2021: $362,930Expenses 2021: $503,611Net Income 2021: -$140,6812021Revenue 2022: $3,247,271Expenses 2022: $577,531Net Income 2022: $2,669,7402022Revenue 2023: $566,884Expenses 2023: $620,459Net Income 2023: -$53,5752023Revenue 2024: $574,044Expenses 2024: $578,408Net Income 2024: -$4,3642024

Highlighted filing

2019

Revenue$129,678
Expenses$444,601
Net Income-$314,923
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 21, 2019
Return Version
2018v3.1
Gross Receipts
$129,678
Mission and Program Overview

Mission

Inspired by the life and works of catholic bishop and lawyer, don vasco de quiroga, quiroga is dedicated to the integrated educational formation of persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$156,117$259,550▲ $103,433
Accounts Receivable-$77,946-
Cash and Non-Interest-Bearing Accounts$11,999$24,259▲ $12,260
Receivables From Officers Etc-$3,611-
Prepaid Expenses and Deferred Charges$52,972$909▼ $52,063
Total Assets$226,305$371,142▲ $144,837
Other Assets Total$5,217$4,867▼ $350
Liabilities
Other Liabilities$1,546,423$1,933,409▲ $386,986
Accounts Payable and Accrued Expenses$316$32,547▲ $32,231
Total Liabilities$1,546,739$1,965,956▲ $419,217
Net Assets / Fund Balance
Unrestricted Net Assets$-1,320,434$-1,594,814▼ $274,380
Total Net Assets Fund Balance$-1,320,434$-1,594,814▼ $274,380
Total Liabilities and Net Assets / Fund Balance$226,305$371,142▲ $144,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$70,416$917-
Equipment$23,040$15,707-
Leasehold Improvements$166,094$50,020-
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jose M OrtizProject ManagerFT$62,628$62,628
Gloria QuirozExecutive DirectorFT$56,360$56,360

Board Members and Trustees

NameTitle
Gerardo MosquedaPresident
Francisco SalazarVice President
Alberto RojasBoard Member
Cherie MeachamBoard Member
Maria PradoBoard Member
Michelle ChavezBoard Member
Raul MartinezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$129,678
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-314,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,996
Salaries, Compensation, and Employee Benefits$156,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$62,628$56,360$0$118,988
Occupancy$51,392$39,022$0$90,414
Advertising$0$62,213$0$62,213
Fees for Services Other$52,597$3,827$0$56,424
Fees for Services Accounting$0$27,600$0$27,600
Other Salaries and Wages$0$25,200$0$25,200
Office Expenses$7,719$17,470$0$25,189
Payroll Taxes$5,262$6,853$0$12,115
Other Expenses$8,500$0$0$8,500
Insurance$3,939$3,176$0$7,115
Fees for Services Legal$0$5,740$0$5,740
Travel$1,570$1,380$0$2,950
Information Technology$0$1,851$0$1,851
Other Employee Benefits$131$171$0$302
Total Functional Expenses$193,738$250,863$0$444,601
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$3,611-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-tern notes payable due to Universidad Vasco de Quiroga$1,933,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Quiroga Foundation
EIN
46-3914338
Phone
7735232440
Address
2114 WEST 22ND PLACE, CHICAGO, IL 60608

Signing Officer

Name
Gloria Quiroz
Title
Executive Director
Phone
7735232440
Signed
2019-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Quiroz
Formed
2013
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
4
Employees
3
Volunteers
1

Preparer

Firm
Prado & Renteria CPAs Prof Corp
Address
1837 S Michigan Ave 2nd Fl, Chicago, IL 60616
Preparer
Wenqin Zhang
Phone
3125671330
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Quiroga provides the 990 form in draft form for directors to review and approve at their board meeting prior to finalizing the filing.”

Pt VI, Line 15A

“The board determines the compensation for the ceo by reviewing available publications, research, qualifications, experience and industry information.”

Pt VI, Line 15B

“The board determines the compensation for key employees by reviewing available publications, research, publications, experience and industry information.”

Pt VI, Line 12C

“Quiroga requires key employees and board members to complete a conflic of interest disclosure annually.”

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0917
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt071333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01933409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Long-tern notes payable due to Universidad Vasco de Quiroga
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0259550
IRS990ScheduleD/TotalLiabilityAmt01933409
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01170
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12441
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0short-term loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1short-term loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01170
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt12441
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Jose Manuel Ortiz
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Gloria
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Employee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Employee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt03611
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0QUIROGA PROVIDES THE 990 FORM IN DRAFT FORM FOR DIRECTORS TO REVIEW AND APPROVE AT THEIR BOARD MEETING PRIOR TO FINALIZING THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD DETERMINES THE COMPENSATION FOR THE CEO BY REVIEWING AVAILABLE PUBLICATIONS, RESEARCH, QUALIFICATIONS, EXPERIENCE AND INDUSTRY INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES THE COMPENSATION FOR KEY EMPLOYEES BY REVIEWING AVAILABLE PUBLICATIONS, RESEARCH, PUBLICATIONS, EXPERIENCE AND INDUSTRY INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3QUIROGA REQUIRES KEY EMPLOYEES AND BOARD MEMBERS TO COMPLETE A CONFLIC OF INTEREST DISCLOSURE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0226305
IRS990/TotalAssetsEOYAmt0371142
IRS990/TotalAssetsGrp/BOYAmt0226305
IRS990/TotalAssetsGrp/EOYAmt0371142
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0250863
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193738
IRS990/TotalFunctionalExpensesGrp/TotalAmt0444601
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01546739
IRS990/TotalLiabilitiesEOYAmt01965956
IRS990/TotalLiabilitiesGrp/BOYAmt01546739
IRS990/TotalLiabilitiesGrp/EOYAmt01965956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1320434
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1594814
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0193738
IRS990/TotalProgramServiceRevenueAmt0129678
IRS990/TotalReportableCompFromOrgAmt0118988
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0129678
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0129678
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0226305
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0371142
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01380
IRS990/TravelGrp/ProgramServicesAmt01570
IRS990/TravelGrp/TotalAmt02950
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1320434
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1594814
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02114 WEST 22ND PLACE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060608
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.quirogacollege.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$371,142
Liabilities
$1,965,956
Net assets
-$1,594,814
Revenue
$129,678
Expenses
$444,601
Net income
-$314,923
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.08$0.25$0.57$0.58$0.00
2023Summary only. Only limited summary data is available for this year.$0.33$0.04$0.29$0.57$0.62$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.02$0.36$3.25$0.58$2.67
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$2.52$2.11$0.36$0.50$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$2.33$1.94$0.16$0.46$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.37$1.97$1.59$0.13$0.44$0.31