Civic Intelligence

Lane Tech 2Nd Century Foundation C/O Erwin Law Firm

990 • Fiscal year 2019 • EIN 47-5625668

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 17, 2020

Organization Profilen/a
4043 N Ravenswood No 208Chicago, IL 60613

(773) 525-0153

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

3rd percentile

-213%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

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

Asset Growth

8th percentile

-53%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-49%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$38,716

Down $44,401 (-53%) from 2018

Net Assets

Down

$38,716

Down $44,401 (-53%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin3rd percentile

Revenue

Down

$45,254

Down $43,360 (-49%) from 2018

Expenses

Up

$141,470

Up $71,704 (+103%) from 2018

Net Income

Down

-$96,216

Down $115,064 (-610%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$100K$50K$0Assets 2016: $64,270Liabilities 2016: $0Net Assets 2016: $64,2702016Assets 2017: $83,117Liabilities 2017: $0Net Assets 2017: $83,1172017Assets 2018: $83,117Liabilities 2018: $0Net Assets 2018: $83,1172018Assets 2019: $38,716Liabilities 2019: $0Net Assets 2019: $38,7162019Assets 2020: $37,851Liabilities 2020: $0Net Assets 2020: $37,8512020Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$38,716
Liabilities$0
Net Assets$38,716
Open 2019 Filing

Operations Trend

Revenue Growth10th percentile

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

$200K$100K$0-$100KRevenue 2016: $86,449Expenses 2016: $22,179Net Income 2016: $64,2702016Revenue 2017: $88,614Expenses 2017: $69,766Net Income 2017: $18,8482017Revenue 2018: $88,614Expenses 2018: $69,766Net Income 2018: $18,8482018Revenue 2019: $45,254Expenses 2019: $141,470Net Income 2019: -$96,2162019Revenue 2020: $0Expenses 2020: $865Net Income 2020: -$8652020Expenses 2023: $26,3322023

Highlighted filing

2019

Revenue$45,254
Expenses$141,470
Net Income-$96,216
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 17, 2020
Return Version
2019v5.1
Gross Receipts
$151,577
Mission and Program Overview

Mission

To provide support to the students of Lane Tech High School for educational purposes

To support Lane Tech High school students for educational purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$134,932$38,716▼ $96,216
Total Assets$134,932$38,716▼ $96,216
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$134,932$38,716▼ $96,216
Total Net Assets Fund Balance$134,932$38,716▼ $96,216
Total Liabilities and Net Assets / Fund Balance$134,932$38,716▼ $96,216
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Max DeZaraPresident
Aferdita MerkelDirector
Brian TellesDirector
Paul RosenfeldDirector
Quinton BailyDirector
Stelios ValvanisDirector
Susan NewmanDirector
Brian TennisonEx-Officio
Peter KozuraSecretary
James ErwinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$45,254
Change in Net Assets
$-96,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$136,168
Other Expenses$5,302
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$125,000--$125,000
Grants to Domestic Individuals$11,168--$11,168
Insurance-$2,322-$2,322
Fees for Services Accounting-$1,810-$1,810
Other Expenses-$1,170-$1,170
Total Functional Expenses$136,168$5,302$0$141,470
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Friends of LaneChicago, IL501(c)(3)Support Lane Tech parents, teachers, students, administrators and staff.$125,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$151,577
Fundraising Direct Expenses$106,323
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festivals$151,577$151,577$106,323$45,254
Total Events$151,577$151,577$106,323$45,254
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
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

Form 990, Part VI, Section B, line 11B

“In 2019, the Board establish processes of receiving and reviewing the 990 prior to submission”

Form 990, Part VI, Section B, line 12C

“Review at annual meetings”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents available to the public via written request to the Organization's board and via a website for Guide Star”

Filing and Contact Details

Filer

Filer Name
Lane Tech 2nd Century Foundation
EIN
47-5625668
Phone
7735250153
Address
4043 N Ravenswood No 208, Chicago, IL 60613

Signing Officer

Name
James Erwin
Title
Treasurer
Phone
7735250153
Signed
2020-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Erwin
Formed
2015
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
25

Preparer

Firm
Eilts & Associates Inc
Address
3729 N Ravenswood Ste 117, Chicago, IL 60613
Preparer
Barton Eilts
Phone
7735256171
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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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ReturnHeader/BuildTS02020-11-19 02:30:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0James Erwin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07735250153
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lane Tech 2nd Century Foundation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0c/o Erwin Law Firm
ReturnHeader/Filer/BusinessNameControlTxt0LANE
ReturnHeader/Filer/EIN0475625668
ReturnHeader/Filer/PhoneNum07735250153
ReturnHeader/Filer/USAddress/AddressLine1Txt04043 N Ravenswood No 208
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060613
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01B9C7E592DA7A867941F87C0BA6A950DDA402242
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02AD4D3B9F3C4849C6B84CE68AD2CD97389D3B3E0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.252.120.1
ReturnHeader/FilingSecurityInformation/IPDt02020-08-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm021:32:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611443699
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eilts & Associates Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03729 N Ravenswood Ste 117
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060613
ReturnHeader/PreparerPersonGrp/PhoneNum07735256171
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barton Eilts
ReturnHeader/ReturnTs02020-08-18T07:20:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$38,716
Liabilities
$0
Net assets
$38,716
Revenue
$45,254
Expenses
$141,470
Net income
-$96,216
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.26
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.00$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.45$1.41$0.96
2018Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.89$0.70$0.19
2017Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.89$0.70$0.19
2016Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.86$0.22$0.64
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • <$500k nonprofits