Civic Intelligence

The Obsidian Collection Archives

990 • Fiscal year 2022 • EIN 81-4569527

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

Organization Profilewww.theobsidiancollection.org
5417 S Michigan AveChicago, IL 60615-4606

(312) 447-0400

Siviq Scores

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

Liabilities / Assets

95th percentile

1.08x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

3.78x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

52nd percentile

$64,700

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

18th percentile

-11%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

75%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,166,506

Down $144,939 (-11%) from 2021

Net Assets

Down

-$88,594

Down $1,340,472 (-107%) from 2021

Liabilities

Up

$1,255,100

Up $1,195,533 (+2007%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin12th percentile

Revenue

Up

$332,265

Up $141,931 (+75%) from 2021

Expenses

Up

$423,564

Up $128,687 (+44%) from 2021

Net Income

Up

-$91,299

Up $13,244 (+13%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2018: $24,382Liabilities 2018: $0Net Assets 2018: $24,3822018Assets 2019: $164,513Liabilities 2019: $0Net Assets 2019: $164,5132019Assets 2020: $155,956Liabilities 2020: $0Net Assets 2020: $155,9562020Assets 2021: $1,311,445Liabilities 2021: $59,567Net Assets 2021: $1,251,8782021Assets 2022: $1,166,506Liabilities 2022: $1,255,100Net Assets 2022: -$88,5942022Assets 2023: $1,133,020Liabilities 2023: $1,250,000Net Assets 2023: -$116,9802023Assets 2024: $1,100,820Liabilities 2024: $1,250,000Net Assets 2024: -$149,1802024

Highlighted filing

2022

Assets$1,166,506
Liabilities$1,255,100
Net Assets-$88,594
Open 2022 Filing

Operations Trend

Revenue Growth87th percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $196,989Expenses 2018: $174,627Net Income 2018: $22,3622018Revenue 2019: $201,377Expenses 2019: $61,246Net Income 2019: $140,1312019Revenue 2020: $122,727Expenses 2020: $131,284Net Income 2020: -$8,5572020Revenue 2021: $190,334Expenses 2021: $294,877Net Income 2021: -$104,5432021Revenue 2022: $332,265Expenses 2022: $423,564Net Income 2022: -$91,2992022Revenue 2023: $128,849Expenses 2023: $158,585Net Income 2023: -$29,7362023Revenue 2024: $115,140Expenses 2024: $147,340Net Income 2024: -$32,2002024

Highlighted filing

2022

Revenue$332,265
Expenses$423,564
Net Income-$91,299
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 14, 2023
Return Version
2022v5.0
Gross Receipts
$344,437
Mission and Program Overview

Mission

Preserving the history of black press

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,180,945$1,148,665▼ $32,280
Cash and Non-Interest-Bearing Accounts$85,760$14,841▼ $70,919
Loans From Officers Directors$14,000$5,100▼ $8,900
Savings and Temporary Cash Investments-$3,000-
Total Assets$1,266,705$1,166,506▼ $100,199
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,250,000$1,250,000→ $0
Total Liabilities$1,264,000$1,255,100▼ $8,900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,705$-88,594▼ $91,299
Total Net Assets Fund Balance$2,705$-88,594▼ $91,299
Total Liabilities and Net Assets / Fund Balance$1,266,705$1,166,506▼ $100,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$833,088$38,161$871,249
Leasehold Improvements$131,941$4,218$136,159
Land$101,868-$101,868
Other Land Buildings$79,759$9,392$89,151
Equipment$2,009$2,833$4,842
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Angela J FordPresidentExecutive DirectorFT$64,700$64,700

Board Members and Trustees

NameTitle
Charles BowenDirector
John Moore IIIDirector
Wayne WatsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$331,969
Program Service Revenue
$0
Investment Income
$12,468
Other Revenue
$-12,172
All Other Contributions
$331,969
Change in Net Assets
$-91,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$423,564
Total Fundraising Expense$38,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$87,702$43,851$14,617$146,170
Information Technology$70,516--$70,516
Occupancy$32,644$32,644-$65,288
Interest$55,417--$55,417
Depreciation Depletion$32,280--$32,280
Travel$7,055-$16,463$23,518
Office Expenses$1,424$11,603$3,320$16,347
Advertising$6,765-$4,509$11,274
Fees for Services Legal-$1,634-$1,634
Fees for Services Accounting-$1,120-$1,120
Total Functional Expenses$293,803$90,852$38,909$423,564
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$14,000$5,100▼ $8,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

Governance Explanations

Form 990 governing body review Part VI line 11

“Governing body review will not be conducted. Review will be done by executive director only.”

Governing documents etc available to public Part VI line 19

“Documents will be available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
The Obsidian Collection Archives
EIN
81-4569527
Address
5417 S MICHIGAN AVE, Chicago, IL 60615-4606
Doing Business As
Obsidian Collection Archives

Signing Officer

Name
Angela Ford
Title
President
Phone
3126569154
Signed
2023-07-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Angela J Ford
Formed
2017
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
3
Employees
0

Preparer

Firm
Practical Financial Solutions Inc
Address
1715 E 55th Street Suite B, Chicago, IL 60615
Preparer
Greg Teague EA
Phone
7733821700
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

“Purchase and renovation of building to house the Obsidian Center.”

Raw XML Appendix358 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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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Angela Ford
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03126569154
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE OBSIDIAN COLLECTION ARCHIVES
ReturnHeader/Filer/BusinessNameControlTxt0OBSI
ReturnHeader/Filer/EIN0814569527
ReturnHeader/Filer/USAddress/AddressLine1Txt05417 S MICHIGAN AVE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Practical Financial Solutions Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01715 E 55th Street Suite B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060615
ReturnHeader/PreparerPersonGrp/PhoneNum07733821700
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Greg Teague EA
ReturnHeader/ReturnTs02023-07-30T00:54:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Angela
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Ford
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,166,506
Liabilities
$1,255,100
Net assets
-$88,594
Revenue
$332,265
Expenses
$423,564
Net income
-$91,299
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$1.25$0.15$0.12$0.15$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.13$1.25$0.12$0.13$0.16$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.17$1.26$0.09$0.33$0.42$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.31$0.06$1.25$0.19$0.29$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.12$0.13$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.20$0.06$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.20$0.17$0.02