Civic Intelligence

Chicago City Council Latino Caucus Foundation

990 • Fiscal year 2019 • EIN 80-0856462

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 02, 2020

2702 W Chicago AveChicago, IL 60622

(312) 560-4468

Siviq Scores

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

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

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

Top Officer Pay

97th percentile

$78,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

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

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

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

Assets

Down

$328,601

Down $40,822 (-11%) from 2018

Net Assets

Down

$303,850

Down $38,420 (-11%) from 2018

Liabilities

Down

$24,751

Down $2,402 (-8.8%) from 2018

Revenue

Up

$312,174

Up $55,538 (+22%) from 2018

Expenses

Up

$350,594

Up $71,292 (+26%) from 2018

Net Income

Down

-$38,420

Down $15,754 (-70%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $226,000Liabilities 2015: $150,714Net Assets 2015: $75,2862015Assets 2016: $274,103Liabilities 2016: $20,443Net Assets 2016: $253,6602016Assets 2017: $378,561Liabilities 2017: $13,625Net Assets 2017: $364,9362017Assets 2018: $369,423Liabilities 2018: $27,153Net Assets 2018: $342,2702018Assets 2019: $328,601Liabilities 2019: $24,751Net Assets 2019: $303,8502019Assets 2020: $242,451Liabilities 2020: $27,249Net Assets 2020: $215,2022020Assets 2021: $533,363Liabilities 2021: $69,783Net Assets 2021: $463,5802021Assets 2022: $616,457Liabilities 2022: $15,075Net Assets 2022: $601,3822022Assets 2023: $625,858Liabilities 2023: $1,127Net Assets 2023: $624,7312023Assets 2024: $554,905Liabilities 2024: $5,247Net Assets 2024: $549,6582024

Highlighted filing

2019

Assets$328,601
Liabilities$24,751
Net Assets$303,850

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $57,786Expenses 2015: $10Net Income 2015: $57,7762015Revenue 2016: $188,475Expenses 2016: $1,774Net Income 2016: $186,7012016Revenue 2017: $245,327Expenses 2017: $123,629Net Income 2017: $121,6982017Revenue 2018: $256,636Expenses 2018: $279,302Net Income 2018: -$22,6662018Revenue 2019: $312,174Expenses 2019: $350,594Net Income 2019: -$38,4202019Revenue 2020: $250,848Expenses 2020: $349,496Net Income 2020: -$98,6482020Revenue 2021: $671,725Expenses 2021: $423,347Net Income 2021: $248,3782021Revenue 2022: $741,704Expenses 2022: $603,903Net Income 2022: $137,8012022Revenue 2023: $739,553Expenses 2023: $704,206Net Income 2023: $35,3472023Revenue 2024: $701,412Expenses 2024: $777,612Net Income 2024: -$76,2002024

Highlighted filing

2019

Revenue$312,174
Expenses$350,594
Net Income-$38,420
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 2, 2020
Return Version
2019v5.1
Gross Receipts
$490,122
Mission and Program Overview

Mission

To serve as a vehicle for improving access to higher education by way of scholarships, internships, and mentoring opportunities for chicago's latino youth

To serve as a vehicle for improving access to higher education by way of scholarships, internships, and mentoring opportunities for chicago's latino youth and also operates a program for mid-level professionals to fulfill leadership gaps in public and private sectors

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$369,423$323,526▼ $45,897
Prepaid Expenses and Deferred Charges-$5,075-
Pledges and Grants Receivable$0--
Total Assets$369,423$328,601▼ $40,822
Liabilities
Accounts Payable and Accrued Expenses$27,153$24,751▼ $2,402
Total Liabilities$27,153$24,751▼ $2,402
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$342,270$278,850▼ $63,420
Net Assets With Donor Restrictions-$25,000-
Total Net Assets Fund Balance$342,270$303,850▼ $38,420
Total Liabilities and Net Assets / Fund Balance$369,423$328,601▼ $40,822
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sonia Del RealExecutive DirectorFT$78,000$78,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$55,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$257,174
All Other Contributions
$55,000
Change in Net Assets
$-38,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$312,174
Revenue Not Reported on Form 990
$177,948
Total Revenue per Audited Statements
$490,122
Total Revenue per Form 990
$312,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,594
Salaries, Compensation, and Employee Benefits$78,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$105,376$0$0$105,376
Current Officers, Directors, Trustees, and Key Employees$78,000$0$0$78,000
Fees for Services Legal$50,559$0$0$50,559
Fees for Services Accounting$10,300$0$0$10,300
Other Expenses$0$3,653$0$3,653
Office Expenses$0$1,728$0$1,728
Travel$0$824$0$824
Total Functional Expenses$344,235$6,359$0$350,594

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$528,542
Expenses per Audited Statements$350,594
Total Expenses per Form 990$350,594
Expenses Not Reported on Form 990$177,948
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$435,122
Fundraising Direct Expenses$177,948
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$435,122$435,122$105,719$329,403
Total Events$435,122$435,122$177,948$257,174
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Chicago City Council Latino Caucus Foundation
EIN
80-0856462
Phone
3125604468
Address
2702 W CHICAGO AVE, CHICAGO, IL 60622

Signing Officer

Name
Gilbert Villegas
Title
Chairman
Phone
3125604468
Signed
2020-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilbert Villegas
Formed
2012
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
15

Preparer

Firm
Lopez & Co Cpas Ltd
Address
2702 W CHICAGO AVE, CHICAGO, IL 60622-8510
Preparer
Enrique Lopez
Phone
7736348335
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The organization requires the governing body be provided a copy of form 990 before it is filed.

Pt VI, Line 19

Form 990 and financial statements are available through the il attorney general's office and upon request

Pt III, Line 2

The organization operates a leadership academy program geared for mid-level professional selected on merit and who demonstrate a passion for leadership, civic engagement, and potential for advancement in their field.

Form 990, Part III, Line 4D

Other program expenses 140684. 0. 0.

Financial Statement Notes

Pt XI, Line 2D

Fundraising events direct expenses

Pt XII, Line 2D

Fundraising events direct expenses

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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: INTEREST INCOME 2015: 7. 2016: 13. 2017: 31. 2018: 0. 2019: 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0490122
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0422137
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0388245
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0357270
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0208500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01866274
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07
IRS990ScheduleA/OtherIncome509Grp/TotalAmt051
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01866274
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0490122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0422137
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0388245
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0357270
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0208500
IRS990ScheduleA/Total509Grp/TotalAmt01866274
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01866325
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt0177948
IRS990ScheduleD/ExpensesSubtotalAmt0350594
IRS990ScheduleD/OtherExpensesIncludedAmt0177948
IRS990ScheduleD/OtherRevenueAmt0177948
IRS990ScheduleD/RevenueNotReportedAmt0177948
IRS990ScheduleD/RevenueSubtotalAmt0312174
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EVENTS DIRECT EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENTS DIRECT EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/TotalExpensesPerForm990Amt0350594
IRS990ScheduleD/TotalRevenuePerForm990Amt0312174
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0490122
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0528542
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0G
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0435122
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0380960
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0NEW CHICAGO CONSULTING LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt054162
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0177948
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt058654
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt058654
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0435122
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0435122
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0435122
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0435122
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0257174
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0105719
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0105719
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt010575
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010575
IRS990ScheduleG/LicensedStatesCd0IL
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0435122
IRS990ScheduleG/TotalNetToOrganizationAmt0380960
IRS990ScheduleG/TotalRetainedByContractorsAmt054162
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REQUIRES THE GOVERNING BODY BE PROVIDED A COPY OF FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE IL ATTORNEY GENERAL'S OFFICE AND UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION OPERATES A LEADERSHIP ACADEMY PROGRAM GEARED FOR MID-LEVEL PROFESSIONAL SELECTED ON MERIT AND WHO DEMONSTRATE A PASSION FOR LEADERSHIP, CIVIC ENGAGEMENT, AND POTENTIAL FOR ADVANCEMENT IN THEIR FIELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER PROGRAM EXPENSES 140684. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4d
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0369423
IRS990/TotalAssetsEOYAmt0328601
IRS990/TotalAssetsGrp/BOYAmt0369423
IRS990/TotalAssetsGrp/EOYAmt0328601
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt055000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06359
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0344235
IRS990/TotalFunctionalExpensesGrp/TotalAmt0350594
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027153
IRS990/TotalLiabilitiesEOYAmt024751
IRS990/TotalLiabilitiesGrp/BOYAmt027153
IRS990/TotalLiabilitiesGrp/EOYAmt024751
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0342270
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0303850
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0140684
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0344235

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