Civic Intelligence

The Rebuild Foundation Nfp

990 • Fiscal year 2016 • EIN 47-3026162

Jan 01, 2016 to Dec 31, 2016 • Filed on Dec 12, 2017

Organization ProfileWWW.SPACEFUNDCHICAGO.ORG
6918 South Dorchester AveChicago, IL 60637

(312) 857-5561

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

20th percentile

$8,923

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Balance Sheet
Liabilities / Assets22nd percentile

Assets

$5,042,101

No earlier filing loaded for comparison.

Net Assets

$4,931,261

No earlier filing loaded for comparison.

Liabilities

$110,840

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin98th percentile

Revenue

$5,322,821

No earlier filing loaded for comparison.

Expenses

$392,867

No earlier filing loaded for comparison.

Net Income

$4,929,954

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.

$20M$15M$10M$5.0M$0Assets 2016: $5,042,101Liabilities 2016: $110,840Net Assets 2016: $4,931,2612016Assets 2017: $4,035,228Liabilities 2017: $118,817Net Assets 2017: $3,916,4112017Assets 2018: $2,931,173Liabilities 2018: $123,969Net Assets 2018: $2,807,2042018Assets 2019: $5,626,801Liabilities 2019: $181,449Net Assets 2019: $5,445,3522019Assets 2020: $5,825,442Liabilities 2020: $189,752Net Assets 2020: $5,635,6902020Assets 2021: $11,482,913Liabilities 2021: $168,743Net Assets 2021: $11,314,1702021Assets 2022: $13,985,700Liabilities 2022: $950,712Net Assets 2022: $13,034,9882022Assets 2023: $14,322,177Liabilities 2023: $2,657,544Net Assets 2023: $11,664,6332023Assets 2024: $18,019,261Liabilities 2024: $8,029,663Net Assets 2024: $9,989,5982024

Highlighted filing

2016

Assets$5,042,101
Liabilities$110,840
Net Assets$4,931,261
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2016: $5,322,821Expenses 2016: $392,867Net Income 2016: $4,929,9542016Revenue 2017: $45,500Expenses 2017: $1,079,129Net Income 2017: -$1,033,6292017Revenue 2018: $32,125Expenses 2018: $1,182,238Net Income 2018: -$1,150,1132018Revenue 2019: $3,717,827Expenses 2019: $1,106,415Net Income 2019: $2,611,4122019Revenue 2020: $1,449,463Expenses 2020: $1,259,125Net Income 2020: $190,3382020Revenue 2021: $7,037,576Expenses 2021: $1,359,096Net Income 2021: $5,678,4802021Revenue 2022: $4,385,874Expenses 2022: $2,665,056Net Income 2022: $1,720,8182022Revenue 2023: $2,369,652Expenses 2023: $3,816,136Net Income 2023: -$1,446,4842023Revenue 2024: $1,621,117Expenses 2024: $3,296,152Net Income 2024: -$1,675,0352024

Highlighted filing

2016

Revenue$5,322,821
Expenses$392,867
Net Income$4,929,954
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Dec 12, 2017
Return Version
2016v3.0
Gross Receipts
$5,322,821
Mission and Program Overview

Mission

The organization's mission is to promote, support and advance public appreciation of the arts, culture and civic initiatives; to own, develop, and manage properties dedicated to culture and the advancement of artistic practices of artists and the transformation of communities that support the arts; promote, protec, and maintain works of art and the legacy of artists; and make distributions to organizations that qualify as exempt organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,307$4,931,261▲ $4,929,954
Pledges and Grants Receivable-$2,983,230-
Cash and Non-Interest-Bearing Accounts$1,031$1,976,174▲ $1,975,143
Land, Buildings, and Equipment, Net-$68,594-
Accounts Receivable$5,359$14,103▲ $8,744
Total Assets$6,390$5,042,101▲ $5,035,711
Liabilities
Accounts Payable and Accrued Expenses$5,083$110,840▲ $105,757
Total Liabilities$5,083$110,840▲ $105,757
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,307$4,931,261▲ $4,929,954
Total Liabilities and Net Assets / Fund Balance$6,390$5,042,101▲ $5,035,711

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$32,497-$32,497
Land$19,675-$19,675
Equipment$10,473$159$10,632
Buildings$5,949-$5,949
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Theaster Gates JrPresidentPT$8,923$8,923

Board Members and Trustees

NameTitle
John CampbellDirector
Richard SciortinoDirector
Lori a BerkoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,267,821
Program Service Revenue
$55,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,267,821
Change in Net Assets
$4,929,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,862
Salaries, Compensation, and Employee Benefits$136,005
Total Fundraising Expense$16,149
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,289$42,455$8,350$117,094
Fees for Services Other$93,525--$93,525
All Other Expenses$26,469$497-$26,966
Fees for Services Accounting-$20,000-$20,000
Occupancy$9,469$6,701$1,830$18,000
Other Expenses$13,091$2,537$493$13,091
Office Expenses$11,539$349-$11,888
Fees for Services Legal$11,011--$11,011
Payroll Taxes$5,254$3,719$1,015$9,988
Insurance-$8,953-$8,953
Current Officers, Directors, Trustees, and Key Employees-$4,462$4,461$8,923
Travel$4,222--$4,222
Advertising$932--$932
Depreciation Depletion-$159-$159
Total Functional Expenses$285,082$91,636$16,149$392,867
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OwnerRentNo$18,000
-OwnerFood ServicesNo$1,163
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 4

“The the bylaws were ammended to update the mission statement to the language on the 2016 form 990.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 was reviewed by the treasurer on behalf of the board of directors”

Form 990, Page 6, Part VI, Line 12C

“Annual conflict disclosures are sent out that require disclosure or reaffirmation that none exist.”

Form 990, Page 6, Part VI, Line 15A

“Research online of comparable positions & reviewing public data.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Space Fund Nfp
EIN
47-3026162
Phone
3128575561
Address
6918 SOUTH DORCHESTER AVE, CHICAGO, IL 60637

Signing Officer

Name
Lori a Berko
Title
Treasurer
Phone
3128575561
Signed
2017-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theaster Gates Jr
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
3
Employees
7
Volunteers
10

Preparer

Firm
Anderson Financial Mgmt & Actg LLC
Address
1722 W RUSTY DR, MOUNT PROSPECT, IL 60065
Preparer
Jeffrey a Anderson CPA
Phone
2065955114
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's mission is to promote, support and advance public appreciation of the arts, culture and civic initiatives; to own, develop, and manage properties dedicated to culture and the advancement of artistic practices of artists and the transformation of communities that support the arts; promote, protec, and maintain works of art and the legacy of artists; and make distributions to organizations that qualify as exempt organizations.”

Form 990, Part IX, Line 11G

“Community engagement 6,200 0 0 project management 40,000 0 0 studies 42,855 0 0 other 4,470 0 0 total 93,525 0 0”

Raw XML Appendix348 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt11163
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1FOOD SERVICES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MISSION IS TO PROMOTE, SUPPORT AND ADVANCE PUBLIC APPRECIATION OF THE ARTS, CULTURE AND CIVIC INITIATIVES; TO OWN, DEVELOP, AND MANAGE PROPERTIES DEDICATED TO CULTURE AND THE ADVANCEMENT OF ARTISTIC PRACTICES OF ARTISTS AND THE TRANSFORMATION OF COMMUNITIES THAT SUPPORT THE ARTS; PROMOTE, PROTEC, AND MAINTAIN WORKS OF ART AND THE LEGACY OF ARTISTS; AND MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE THE BYLAWS WERE AMMENDED TO UPDATE THE MISSION STATEMENT TO THE LANGUAGE ON THE 2016 FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS REVIEWED BY THE TREASURER ON BEHALF OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL CONFLICT DISCLOSURES ARE SENT OUT THAT REQUIRE DISCLOSURE OR REAFFIRMATION THAT NONE EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RESEARCH ONLINE OF COMPARABLE POSITIONS & REVIEWING PUBLIC DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMMUNITY ENGAGEMENT 6,200 0 0 PROJECT MANAGEMENT 40,000 0 0 STUDIES 42,855 0 0 OTHER 4,470 0 0 TOTAL 93,525 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06390
IRS990/TotalAssetsEOYAmt05042101
IRS990/TotalAssetsGrp/BOYAmt06390
IRS990/TotalAssetsGrp/EOYAmt05042101
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05267821
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016149
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091636
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0285082
IRS990/TotalFunctionalExpensesGrp/TotalAmt0392867
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05083
IRS990/TotalLiabilitiesEOYAmt0110840
IRS990/TotalLiabilitiesGrp/BOYAmt05083
IRS990/TotalLiabilitiesGrp/EOYAmt0110840
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01307
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04931261
IRS990/TotalProgramServiceExpensesAmt0285082
IRS990/TotalProgramServiceRevenueAmt055000
IRS990/TotalReportableCompFromOrgAmt08923
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05322821
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06390
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05042101
IRS990/TravelGrp/ProgramServicesAmt04222
IRS990/TravelGrp/TotalAmt04222
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt06918 S DORCHESTER AVE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060637
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SPACEFUNDCHICAGO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LORI A BERKO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03128575561
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPACE FUND NFP
ReturnHeader/Filer/BusinessNameControlTxt0SPAC
ReturnHeader/Filer/EIN0473026162
ReturnHeader/Filer/PhoneNum03128575561
ReturnHeader/Filer/USAddress/AddressLine1Txt06918 SOUTH DORCHESTER AVE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060637
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F81D73C2468816DC1078F152A8AD8D2737B769F1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07B0DB7AB0287B297EE59047050759249AC70FA58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141908625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDERSON FINANCIAL MGMT & ACTG LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01722 W RUSTY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOUNT PROSPECT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060065
ReturnHeader/PreparerPersonGrp/PhoneNum02065955114
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A ANDERSON CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-12-12T15:08:47-06:00
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
$5,042,101
Liabilities
$110,840
Net assets
$4,931,261
Revenue
$5,322,821
Expenses
$392,867
Net income
$4,929,954
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$8.03$9.99$1.62$3.30$1.68
2023Detailed filing. Detailed filing data is available for this year.$14.3$2.66$11.7$2.37$3.82$1.45
2022Detailed filing. Detailed filing data is available for this year.$14.0$0.95$13.0$4.39$2.67$1.72
2021Detailed filing. Detailed filing data is available for this year.$11.5$0.17$11.3$7.04$1.36$5.68
2020Detailed filing. Detailed filing data is available for this year.$5.83$0.19$5.64$1.45$1.26$0.19
2019Summary only. Only limited summary data is available for this year.$5.63$0.18$5.45$3.72$1.11$2.61
2018Detailed filing. Detailed filing data is available for this year.$2.93$0.12$2.81$0.03$1.18$1.15
2017Detailed filing. Detailed filing data is available for this year.$4.04$0.12$3.92$0.05$1.08$1.03
2016Detailed filing. Detailed filing data is available for this year.$5.04$0.11$4.93$5.32$0.39$4.93