Civic Intelligence

Ken Lachance Fund Inc.

990EZ • Fiscal year 2017 • EIN 81-1504097

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

Organization ProfileWWW.KENLACHANCEFUND.COM
One Commerce DriveSchaumburg, IL 60173

(847) 585-8743

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

93rd percentile

126%

Faster asset growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$220,382

Up $123,018 (+126%) from 2016

Net Assets

Up

$220,382

Up $123,018 (+126%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin96th percentile

Revenue

Up

$160,801

Up $32,952 (+26%) from 2016

Expenses

Up

$38,123

Up $7,638 (+25%) from 2016

Net Income

Up

$122,678

Up $25,314 (+26%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$800K$600K$400K$200K$0Assets 2016: $97,364Liabilities 2016: $0Net Assets 2016: $97,3642016Assets 2017: $220,382Liabilities 2017: $0Net Assets 2017: $220,3822017Assets 2018: $427,465Liabilities 2018: $0Net Assets 2018: $427,4652018Assets 2019: $483,775Liabilities 2019: $0Net Assets 2019: $483,7752019Assets 2020: $721,773Liabilities 2020: $0Net Assets 2020: $721,7732020Assets 2021: $726,547Liabilities 2021: $0Net Assets 2021: $726,5472021Assets 2022: $672,149Liabilities 2022: $2,685Net Assets 2022: $669,4642022Assets 2023: $641,870Liabilities 2023: $0Net Assets 2023: $641,8702023Assets 2024: $521,437Liabilities 2024: $0Net Assets 2024: $521,4372024

Highlighted filing

2017

Assets$220,382
Liabilities$0
Net Assets$220,382
Open 2017 Filing

Operations Trend

Revenue Growth76th percentile

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

$400K$200K$0-$200KRevenue 2016: $127,849Expenses 2016: $30,485Net Income 2016: $97,3642016Revenue 2017: $160,801Expenses 2017: $38,123Net Income 2017: $122,6782017Revenue 2018: $252,467Expenses 2018: $45,384Net Income 2018: $207,0832018Revenue 2019: $183,598Expenses 2019: $127,288Net Income 2019: $56,3102019Revenue 2020: $388,673Expenses 2020: $150,675Net Income 2020: $237,9982020Revenue 2021: $163,449Expenses 2021: $158,675Net Income 2021: $4,7742021Revenue 2022: $148,223Expenses 2022: $205,306Net Income 2022: -$57,0832022Revenue 2023: $177,840Expenses 2023: $205,434Net Income 2023: -$27,5942023Revenue 2024: $159,086Expenses 2024: $279,519Net Income 2024: -$120,4332024

Highlighted filing

2017

Revenue$160,801
Expenses$38,123
Net Income$122,678
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$160,801
Mission and Program Overview

Mission

The purpose of the fund is to provide limited financial assistance to eligible colleagues who are experiencing unforeseeable economic hardship due to certain emergency situations.

Program Services

DescriptionGrantsExpenses
THE FUND IS ORGANIZED AND OPERATED TO PROVIDE LIMITED FINANCIAL ASSISTANCE TO CURRENT AND FORMER EMPLOYEES OF CONVERGINT TECHNOLOGIES LLC (CONVERGINT) WHO ARE IN FINANCIAL NEED OR DISTRESS. THE FUND EXISTS TO ADDRESS TEMPORARY OR SHORT TERM NEED AND DISTRESS NOT CHRONIC SITUATIONS.$37,015$37,015
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LESLIE V EVANSPresident/Director-$0--
THOMAS E FOSTERTreasurer/Director-$0--
JENNIFER L HILBERSecretary/Director-$0--
Filing and Contact Details

Filer

Filer Name
Ken Lachance Fund Inc
EIN
81-1504097
Phone
8475858743
Address
ONE COMMERCE DRIVE, SCHAUMBURG, IL 60173

Signing Officer

Name
Thomas E Foster
Title
Treasurer
Phone
8475858743
Signed
2018-05-08
Discuss with paid preparer
Yes

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
David Lowenthal
Phone
3122071040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: taxes and licences. Amount: 315. Description: dues and subscriptions. Amount: 160. Total to form 990-ez, line 16: 475.”

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

“Description: prior period adjustment. Amount: 340.”

Raw XML Appendix134 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THOMAS E FOSTER
IRS990EZ/BooksInCareOfDetail/PhoneNum08475858743
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE COMMERCE DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SCHAUMBURG
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060173
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt097364
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0220382
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0160801
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0122678
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt097364
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0220382
IRS990EZ/GrantsAndSimilarAmountsPaidAmt037015
IRS990EZ/GrossReceiptsAmt0160801
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt097364
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0220382
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt097364
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0220382
IRS990EZ/OccupancyRentUtltsAndMaintAmt0633
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LESLIE V EVANS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1THOMAS E FOSTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JENNIFER L HILBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt0340
IRS990EZ/OtherExpensesTotalAmt0475
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE FUND IS TO PROVIDE LIMITED FINANCIAL ASSISTANCE TO ELIGIBLE COLLEAGUES WHO ARE EXPERIENCING UNFORESEEABLE ECONOMIC HARDSHIP DUE TO CERTAIN EMERGENCY SITUATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FUND IS ORGANIZED AND OPERATED TO PROVIDE LIMITED FINANCIAL ASSISTANCE TO CURRENT AND FORMER EMPLOYEES OF CONVERGINT TECHNOLOGIES LLC (CONVERGINT) WHO ARE IN FINANCIAL NEED OR DISTRESS. THE FUND EXISTS TO ADDRESS TEMPORARY OR SHORT TERM NEED AND DISTRESS NOT CHRONIC SITUATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt037015
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt037015
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt038123
IRS990EZ/TotalProgramServiceExpensesAmt037015
IRS990EZ/TotalRevenueAmt0160801
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.KENLACHANCEFUND.COM
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0160763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0127849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0288612
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0150101
IRS990ScheduleA/SubstantialContributorsTotAmt0138511
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0160763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0127849
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0288612
IRS990ScheduleA/TotalSupportAmt0288612
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: TAXES AND LICENCES. AMOUNT: 315. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 160. TOTAL TO FORM 990-EZ, LINE 16: 475.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: 340.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS E FOSTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08475858743
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KEN LACHANCE FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0KENL
ReturnHeader/Filer/EIN0811504097
ReturnHeader/Filer/PhoneNum08475858743
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE COMMERCE DRIVE
ReturnHeader/Filer/USAddress/CityNm0SCHAUMBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060173
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId075C7EC6AC54A61BA087900A4F9B91D17BA572CD0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.59.56.30
ReturnHeader/FilingSecurityInformation/IPDt02018-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:56:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 S RIVERSIDE PLAZA 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03122071040
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID LOWENTHAL
ReturnHeader/ReturnTs02018-05-09T17:11:30-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$220,382
Liabilities
$0
Net assets
$220,382
Revenue
$160,801
Expenses
$38,123
Net income
$122,678
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.21$0.00$5.21$1.59$2.80$1.20
2023Detailed filing. Detailed filing data is available for this year.$6.42$0.00$6.42$1.78$2.05$0.28
2022Detailed filing. Detailed filing data is available for this year.$6.72$0.03$6.69$1.48$2.05$0.57
2021Detailed filing. Detailed filing data is available for this year.$7.27$0.00$7.27$1.63$1.59$0.05
2020Detailed filing. Detailed filing data is available for this year.$7.22$0.00$7.22$3.89$1.51$2.38
2019Detailed filing. Detailed filing data is available for this year.$4.84$0.00$4.84$1.84$1.27$0.56
2018Detailed filing. Detailed filing data is available for this year.$4.27$0.00$4.27$2.52$0.45$2.07
2017Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$1.61$0.38$1.23
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.28$0.30$0.97