Civic Intelligence

Sorsby Foundation

990 • Fiscal year 2024 • EIN 83-0787089

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 31, 2024

Organization ProfileASTEPAHEADCHESS.ORG
18664 Golfview DrHazel Crest, IL 60429

(312) 544-9870

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

93rd percentile

128%

Faster asset growth than 93% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

87th percentile

67%

Faster revenue growth than 87% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$60,945

Up $49,242 (+421%) from 2022

Net Assets

Up

$58,498

Up $46,795 (+400%) from 2022

Liabilities

Up

$2,447

Up $2,447 from 2022

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin67th percentile

Revenue

Up

$324,812

Up $207,698 (+177%) from 2022

Expenses

Up

$279,880

Up $174,469 (+166%) from 2022

Net Income

Up

$44,932

Up $33,229 (+284%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$80K$60K$40K$20K$0Assets 2022: $11,703Liabilities 2022: $0Net Assets 2022: $11,7032022Assets 2024: $60,945Liabilities 2024: $2,447Net Assets 2024: $58,4982024Assets 2025: $21,195Liabilities 2025: $18,552Net Assets 2025: $2,6432025

Highlighted filing

2024

Assets$60,945
Liabilities$2,447
Net Assets$58,498
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

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

$400K$200K$0-$200KRevenue 2022: $117,114Expenses 2022: $105,411Net Income 2022: $11,7032022Revenue 2024: $324,812Expenses 2024: $279,880Net Income 2024: $44,9322024Revenue 2025: $318,111Expenses 2025: $375,151Net Income 2025: -$57,0402025

Highlighted filing

2024

Revenue$324,812
Expenses$279,880
Net Income$44,932
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 31, 2024
Return Version
2023v5.1
Gross Receipts
$324,812
Mission and Program Overview

Mission

Providing youth chess lessons on and off the board

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$13,566$58,498▲ $44,932
Cash and Non-Interest-Bearing Accounts$13,273$55,437▲ $42,164
Land, Buildings, and Equipment, Net$5,508$5,508→ $0
Total Assets$18,781$60,945▲ $42,164
Liabilities
Accounts Payable and Accrued Expenses$5,215$2,447▼ $2,768
Total Liabilities$5,215$2,447▼ $2,768
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,566$58,498▲ $44,932
Total Liabilities and Net Assets / Fund Balance$18,781$60,945▲ $42,164

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,508--
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Chandia SorsbyChair
Dangle MartinVice Chair
Shronda SmithMember
Shawn SorsbySecretary
Jens UmehagTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$324,812
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$324,812
Change in Net Assets
$44,932
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,159
Salaries, Compensation, and Employee Benefits$119,721
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$65,731--$65,731
Other Salaries and Wages$44,823--$44,823
Travel$24,248$6,076-$30,324
Office Expenses-$11,098-$11,098
Fees for Services Accounting-$10,850-$10,850
Payroll Taxes$9,167--$9,167
Advertising$4,178--$4,178
Other Expenses$1,770--$1,770
Interest-$1,182-$1,182
Insurance-$847-$847
Fees for Services Legal-$45-$45
Total Functional Expenses$249,782$30,098$0$279,880
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“There is a familial relationship between the board of directors.”

Form 990 governing body review Part VI line 11

“After completion of the form 990 tax return for the most recent fiscal year, a copy of the form 990 is made available to each member of the governing body. The form 990 is also available by request for sponsors, contributors and members of the general public.”

Conflict of interest policy compliance Part VI line 12C

“In order to monitor compliance with the current conflict of interest policy, written and verbal communications are a continous part of our policy management. All officers, directors and key employees receive communication on conflict of interest guidelines throughout the year.”

CEO executive director top management comp Part VI line 15A

“The board of directors approve all officer and key employee compensation at the point of hire. Annually, the salaries of key employees and officers are reviewed by the board of directors.”

Other officer or key employee compensation Part VI line 15B

“The board of directors approve all officer and key employee compensation at the point of hire. Annually, the salaries of key employees and officers are reviewed by the board of directors.”

Governing documents etc available to public Part VI line 19

“After completion of the form 990 tax return for the most recent fiscal year, a copy of the form 990 is made availble to each member of the governing body. The form 990 is also available by request for sponsors, contributors and members of the general public.”

Filing and Contact Details

Filer

Filer Name
Sorsby Foundation
EIN
83-0787089
Address
18664 GOLFVIEW DR, HAZEL CREST, IL 60429

Signing Officer

Name
Shawn Sorsby
Title
Director
Phone
3125449870
Signed
2024-10-31
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
3
Employees
4
Volunteers
100

Preparer

Firm
Kerry Van Isom & Associates Inc
Address
1739 E 87TH STREET, Chicago, IL 60617
Preparer
Shana M Isom
Phone
7733747600
Raw XML Appendix329 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS A FAMILIAL RELATIONSHIP BETWEEN THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFTER COMPLETION OF THE FORM 990 TAX RETURN FOR THE MOST RECENT FISCAL YEAR, A COPY OF THE FORM 990 IS MADE AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY. THE FORM 990 IS ALSO AVAILABLE BY REQUEST FOR SPONSORS, CONTRIBUTORS AND MEMBERS OF THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ORDER TO MONITOR COMPLIANCE WITH THE CURRENT CONFLICT OF INTEREST POLICY, WRITTEN AND VERBAL COMMUNICATIONS ARE A CONTINOUS PART OF OUR POLICY MANAGEMENT. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES RECEIVE COMMUNICATION ON CONFLICT OF INTEREST GUIDELINES THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVE ALL OFFICER AND KEY EMPLOYEE COMPENSATION AT THE POINT OF HIRE. ANNUALLY, THE SALARIES OF KEY EMPLOYEES AND OFFICERS ARE REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS APPROVE ALL OFFICER AND KEY EMPLOYEE COMPENSATION AT THE POINT OF HIRE. ANNUALLY, THE SALARIES OF KEY EMPLOYEES AND OFFICERS ARE REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AFTER COMPLETION OF THE FORM 990 TAX RETURN FOR THE MOST RECENT FISCAL YEAR, A COPY OF THE FORM 990 IS MADE AVAILBLE TO EACH MEMBER OF THE GOVERNING BODY. THE FORM 990 IS ALSO AVAILABLE BY REQUEST FOR SPONSORS, CONTRIBUTORS AND MEMBERS OF THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/TravelGrp/TotalAmt030324
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IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHAWN SORSBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03125449870
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-31
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
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ReturnHeader/PreparerPersonGrp/PhoneNum07733747600
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHANA M ISOM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-31T14:48:10-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,945
Liabilities
$2,447
Net assets
$58,498
Revenue
$324,812
Expenses
$279,880
Net income
$44,932
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.21$0.19$0.03$3.18$3.75$0.57
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.02$0.58$3.25$2.80$0.45
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$1.17$1.05$0.12