Civic Intelligence

Free Lunch Academy

990 • Fiscal year 2022 • EIN 47-2703768

Jan 01, 2022 to Dec 31, 2022 • Filed on May 14, 2023

7837 S Colfax AveChicago, IL 60649

(773) 526-2312

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

28th percentile

-8.5%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

31st percentile

-9.9%

Faster asset growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

9.7%

Faster revenue growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$116,238

Down $12,703 (-9.9%) from 2021

Net Assets

Up

$113,446

Up $110,656 (+3966%) from 2021

Liabilities

Down

$2,792

Down $123,359 (-98%) from 2021

Revenue

Up

$90,401

Up $7,967 (+9.7%) from 2021

Expenses

Down

$98,092

Down $93,018 (-49%) from 2021

Net Income

Up

-$7,691

Up $100,985 (+93%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $2,304Liabilities 2016: $02016Assets 2017: $31,619Liabilities 2017: $02017Assets 2018: $35,771Liabilities 2018: $02018Assets 2019: $7,192Liabilities 2019: $02019Assets 2020: $244,367Liabilities 2020: $132,901Net Assets 2020: $111,4662020Assets 2021: $128,941Liabilities 2021: $126,151Net Assets 2021: $2,7902021Assets 2022: $116,238Liabilities 2022: $2,792Net Assets 2022: $113,4462022Assets 2023: $275,291Liabilities 2023: $2,848Net Assets 2023: $272,4432023Assets 2024: $264,461Liabilities 2024: $1,670Net Assets 2024: $262,7912024

Highlighted filing

2022

Assets$116,238
Liabilities$2,792
Net Assets$113,446

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $64,311Expenses 2016: $62,007Net Income 2016: $2,3042016Revenue 2017: $114,681Expenses 2017: $83,062Net Income 2017: $31,6192017Revenue 2018: $179,353Expenses 2018: $183,505Net Income 2018: -$4,1522018Revenue 2019: $144,816Expenses 2019: $172,676Net Income 2019: -$27,8602019Revenue 2020: $885,469Expenses 2020: $776,291Net Income 2020: $109,1782020Revenue 2021: $82,434Expenses 2021: $191,110Net Income 2021: -$108,6762021Revenue 2022: $90,401Expenses 2022: $98,092Net Income 2022: -$7,6912022Revenue 2023: $454,738Expenses 2023: $295,741Net Income 2023: $158,9972023Revenue 2024: $97,322Expenses 2024: $110,303Net Income 2024: -$12,9812024

Highlighted filing

2022

Revenue$90,401
Expenses$98,092
Net Income-$7,691
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 14, 2023
Return Version
2022v5.0
Gross Receipts
$90,401
Mission and Program Overview

Mission

Free Lunch Academy is an innovative social enterprise that leverages social emotional artistic learning to cultivate character development in classrooms, careers, and throughout communities.

Free Lunch Academy is an innovative social enterprise that leverages social emotional artistic learning to cultivate character development

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,227$62,484▲ $11,257
Land, Buildings, and Equipment, Net$61,521$46,886▼ $14,635
Accounts Receivable$2,390$1,740▼ $650
Total Assets$128,941$116,238▼ $12,703
Other Assets Total$13,803$5,128▼ $8,675
Liabilities
Unsecured Notes Loans Payable$1,670$1,670→ $0
Accounts Payable and Accrued Expenses$124,481$1,122▼ $123,359
Total Liabilities$126,151$2,792▼ $123,359
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,790$113,446▲ $110,656
Total Net Assets Fund Balance$2,790$113,446▲ $110,656
Total Liabilities and Net Assets / Fund Balance$128,941$116,238▼ $12,703

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,305$29,458-
Equipment$5,603$17,412-
Leasehold Improvements$29,978$4,269-
Other Assets Org$1,249--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Prentice ButlerPresident
Calvin KingExecutive Director
Bobby OwensLegal Counsel
Holly WilsonSecretary
Lauren ParrottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$55,722
Program Service Revenue
$34,675
Investment Income
$4
Other Revenue
$0
All Other Contributions
$31,572
Change in Net Assets
$-7,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,389
Salaries, Compensation, and Employee Benefits$17,703
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$18,587$1,478-$20,065
Other Salaries and Wages-$15,475-$15,475
Depreciation Depletion$10,258$4,560-$14,818
Fees for Services Accounting-$10,669-$10,669
Office Expenses-$5,993-$5,993
Insurance-$5,423-$5,423
Occupancy-$4,832-$4,832
Travel$4,455$226-$4,681
Fees for Services Other-$2,301-$2,301
Payroll Taxes-$2,228-$2,228
Advertising$1,070$231-$1,301
Other Expenses$2,163$158-$158
Total Functional Expenses$40,089$58,003$0$98,092
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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

Part VI Line 11B

The return is provided to the governing body for review via

Part VI Line 11B

email before the return is filed. Any questions are then answered.

Part VI Line 12C

Any conflicts are required to be disclosed.

Part VI Line 18

A copy of the 990 is available upon request via email or phone.

Part VI Line 19

Documents and policies are available upon request. Copies are provided

Part VI Line 19

after a request is received via email.

Filing and Contact Details

Filer

Filer Name
Free Lunch Academy
EIN
47-2703768
In Care Of
% Calvin King
Phone
7735262312
Address
7837 S Colfax Ave, Chicago, IL 60649

Signing Officer

Name
Calvin King
Title
Executive Director
Phone
7735262312
Signed
2023-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Calvin King
Formed
2014
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
5

Preparer

Firm
Sheila Watts CPA LLC
Address
PO Box 874, GREENBRIER, AR 72058-9197
Preparer
Sheila Watts
Phone
5016137530
Supplemental Narrative

Additional Explanations

Part IX Line 24E

Merchant Fees Total expenses - $166.00 Program service expenses - $166.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Repair & Maintenance Total expenses - $375.00 Program service expenses - $375.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Space Rental Total expenses - $500.00 Program service expenses - $500.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Supplies Total expenses - $1837.00 Program service expenses - $530.00 Mgmt and general expenses - $1307.00 Fundraising expenses - $0.00

Part IX Line 24E

Taxes & Licenses Total expenses - $6.00 Program service expenses - $0.00 Mgmt and general expenses - $6.00 Fundraising expenses - $0.00

Part IX Line 24E

Reimb of Unspent Grant Total expenses - $17016.00 Program service expenses - $17016.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Charitable Contributions Total expenses - $165.00 Program service expenses - $0.00 Mgmt and general expenses - $165.00 Fundraising expenses - $0.00

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is provided to the governing body for review via
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1email before the return is filed. Any questions are then answered.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any conflicts are required to be disclosed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the 990 is available upon request via email or phone.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents and policies are available upon request. Copies are provided
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5after a request is received via email.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Merchant Fees Total expenses - $166.00 Program service expenses - $166.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Repair & Maintenance Total expenses - $375.00 Program service expenses - $375.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Space Rental Total expenses - $500.00 Program service expenses - $500.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Supplies Total expenses - $1837.00 Program service expenses - $530.00 Mgmt and general expenses - $1307.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Taxes & Licenses Total expenses - $6.00 Program service expenses - $0.00 Mgmt and general expenses - $6.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Reimb of Unspent Grant Total expenses - $17016.00 Program service expenses - $17016.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Charitable Contributions Total expenses - $165.00 Program service expenses - $0.00 Mgmt and general expenses - $165.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Part IX Line 24e
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0128941
IRS990/TotalAssetsEOYAmt0116238
IRS990/TotalAssetsGrp/BOYAmt0128941
IRS990/TotalAssetsGrp/EOYAmt0116238
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt055722
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058003
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt040089
IRS990/TotalFunctionalExpensesGrp/TotalAmt098092
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0126151
IRS990/TotalLiabilitiesEOYAmt02792
IRS990/TotalLiabilitiesGrp/BOYAmt0126151
IRS990/TotalLiabilitiesGrp/EOYAmt02792
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02790
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0113446
IRS990/TotalProgramServiceExpensesAmt040089
IRS990/TotalProgramServiceRevenueAmt034675
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt090401
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0128941
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0116238
IRS990/TravelGrp/ManagementAndGeneralAmt0226
IRS990/TravelGrp/ProgramServicesAmt04455
IRS990/TravelGrp/TotalAmt04681
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01670
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01670
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07837 S Colfax Ave
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060649
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.freelunchacademy.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CALVIN KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07735262312
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Free Lunch Academy
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0472703768
ReturnHeader/Filer/InCareOfNm0% Calvin King
ReturnHeader/Filer/PhoneNum07735262312
ReturnHeader/Filer/USAddress/AddressLine1Txt07837 S Colfax Ave
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060649
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813036260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sheila Watts CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 874
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENBRIER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0720589197
ReturnHeader/PreparerPersonGrp/PhoneNum05016137530
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHEILA WATTS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-14T22:16:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CALVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KING
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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