Civic Intelligence

Diamond Kut Charities

EIN 84-4825733 • 501(c)3 • Chicago, IL

Pub. 78 Eligible990-N Coverage

Profile

Diamond Kut Charities is a Not-for-Profit tax-exempt Corporation founded in February 2020. Diamond Kut is organized exclusively for charitable, scientific, literary, and educational purposes within the meaning of Code Section 501(c)(3) of the Internal Revenue Code. The Mission of Diamond Kut Charities is to serve as a major transformative force in evaluating the success of minority students from economically and socially disadvantaged households by mentoring them utilizing highly successful, talented and highly Educated Professional Volunteers.

2300 South Blue IslandChicago, IL 60608

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.05x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

100th percentile

2347%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

119%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$518,529

Up $7,312 (+1.4%) from 2024

Liabilities

Down

$458,612

Down $38,481 (-7.7%) from 2024

Net Assets

Up

$59,917

Up $45,793 (+324%) from 2024

Revenue

Up

$207,445

Up $38,042 (+22%) from 2024

Expenses

Up

$161,652

Up $10,694 (+7.1%) from 2024

Net Income

Up

$45,793

Up $27,348 (+148%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2020: $13,466Liabilities 2020: $10,796Net Assets 2020: $2,6702020Assets 2021: $21,068Liabilities 2021: $9,387Net Assets 2021: $11,6812021Assets 2022: $26,871Liabilities 2022: $3,711Net Assets 2022: $23,1602022Assets 2023: $657,527Liabilities 2023: $5,500Net Assets 2023: $652,0272023Assets 2024: $511,217Liabilities 2024: $497,093Net Assets 2024: $14,1242024Assets 2025: $518,529Liabilities 2025: $458,612Net Assets 2025: $59,9172025

Highlighted filing

2025

Assets$518,529
Liabilities$458,612
Net Assets$59,917

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2020: $15,688Expenses 2020: $13,018Net Income 2020: $2,6702020Revenue 2021: $44,195Expenses 2021: $33,623Net Income 2021: $10,5722021Revenue 2022: $48,664Expenses 2022: $37,185Net Income 2022: $11,4792022Revenue 2023: $106,672Expenses 2023: $62,024Net Income 2023: $44,6482023Revenue 2024: $169,403Expenses 2024: $150,958Net Income 2024: $18,4452024Revenue 2025: $207,445Expenses 2025: $161,652Net Income 2025: $45,7932025

Highlighted filing

2025

Revenue$207,445
Expenses$161,652
Net Income$45,793

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 17, 2026
Return Version
2025v4.0
Gross Receipts
$207,445
Mission and Program Overview

Mission

Diamond Kut is organized exclusively for charitable, scientific, literary, and educational purposes within the meaning of Code Section 501(c)(3) of the Internal Revenue Code. The Mission of Diamond Kut Charities is to serve as a major transformative force in evaluating the success of minority students from economically and socially disadvantaged households by mentoring them utilizing highly successful, talented and highly Educated Professional Volunteers.

Diamond Kut Charities is a Not-for-Profit tax-exempt Corporation founded in February 2020. Diamond Kut is organized exclusively for charitable, scientific, literary, and educational purposes within the meaning of Code Section 501(c)(3) of the Internal Revenue Code. The Mission of Diamond Kut Charities is to serve as a major transformative force in evaluating the success of minority students from economically and socially disadvantaged households by mentoring them utilizing highly successful, talented and highly Educated Professional Volunteers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$502,336$502,336→ $0
Cash and Non-Interest-Bearing Accounts$8,881$16,193▲ $7,312
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$511,217$518,529▲ $7,312
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$496,093$457,158▼ $38,935
Accounts Payable and Accrued Expenses$1,000$1,454▲ $454
Total Liabilities$497,093$458,612▼ $38,481
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,124$59,917▲ $45,793
Total Net Assets Fund Balance$14,124$59,917▲ $45,793
Total Liabilities and Net Assets / Fund Balance$511,217$518,529▲ $7,312

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$500,000-$500,000
Other Land Buildings$2,336-$2,336
Compensation and Service Providers

Board Members and Trustees

NameTitle
Emmit HornePresident & CEO
Dan BrisardDirector
Jason GrayDirector
Marcus SpencerDirector
Robert McgheeDirector
Torrence MooreDirector
Craig StevensDirector/VP
Lamar DavisSecretary/VP Op
Gregory ArnoldTreasurer/VP CF
Revenue and Support

Revenue Composition

Contributions and Grants
$42,500
Program Service Revenue
$161,188
Investment Income
$0
Other Revenue
$3,757
All Other Contributions
$20,000
Change in Net Assets
$45,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,652
Total Fundraising Expense$15,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$25,032-$25,032
All Other Expenses$8,445$12,342-$20,787
Other Expenses$12,750-$15,500$12,750
Insurance-$4,683-$4,683
Fees for Services Other$4,300--$4,300
Occupancy-$1,600-$1,600
Total Functional Expenses$102,495$43,657$15,500$161,652
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Diamond Kut Charities
EIN
84-4825733
Phone
7082593202
Address
2300 SOUTH BLUE ISLAND, CHICAGO, IL 60608

Signing Officer

Name
Gregory Arnold
Title
Treasurer
Signed
2026-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Arnold
Formed
2020
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
Ragland Arnold Buchanan Morris & Associ
Address
9401 South Pulaski Road Ste 201, Evergreen Park, IL 60805
Preparer
Gregory Arnold
Phone
7083330634
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

CONSUMABLE SUPPLIES: Column (A) - Total = $5495; Column (B) - Program Services = $5495; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

LEASE AND RENTAL: Column (A) - Total = $450; Column (B) - Program Services = $450; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Postage and Shipping: Column (A) - Total = $2500; Column (B) - Program Services = $2500; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

REPAIRS AND MAINTENANCE: Column (A) - Total = $6402; Column (B) - Program Services = $0; Column (C) - Management & General = $6402; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

UTILITIES: Column (A) - Total = $5940; Column (B) - Program Services = $0; Column (C) - Management & General = $5940; Column (D) - Fundraising = $0

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0GREGORY ARNOLD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CORPORATE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1INDIVIDUAL CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc2INKIND REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt186188
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt186188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt040000
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0150958
IRS990/PYOtherRevenueAmt01125
IRS990/PYProgramServiceRevenueAmt0128278
IRS990/PYRevenuesLessExpensesAmt018445
IRS990/PYTotalExpensesAmt0150958
IRS990/PYTotalRevenueAmt0169403
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt045793
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0207445
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0203688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0168278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0100172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt048664
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt044195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0564997
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03757
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01125
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt011382
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98030
IRS990ScheduleA/PublicSupportPY170Pct00.98020
IRS990ScheduleA/PublicSupportTotal170Amt0564997
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0203688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0168278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0100172
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt048664
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt044195
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0564997
IRS990ScheduleA/TotalSupportAmt0576379
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0500000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0500000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02336
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02336
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0502336
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSUMABLE SUPPLIES: Column (A) - Total = $5495; Column (B) - Program Services = $5495; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LEASE AND RENTAL: Column (A) - Total = $450; Column (B) - Program Services = $450; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Postage and Shipping: Column (A) - Total = $2500; Column (B) - Program Services = $2500; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REPAIRS AND MAINTENANCE: Column (A) - Total = $6402; Column (B) - Program Services = $0; Column (C) - Management & General = $6402; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UTILITIES: Column (A) - Total = $5940; Column (B) - Program Services = $0; Column (C) - Management & General = $5940; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0511217
IRS990/TotalAssetsEOYAmt0518529
IRS990/TotalAssetsGrp/BOYAmt0511217
IRS990/TotalAssetsGrp/EOYAmt0518529
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt042500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015500
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043657
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0102495
IRS990/TotalFunctionalExpensesGrp/TotalAmt0161652
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0497093
IRS990/TotalLiabilitiesEOYAmt0458612
IRS990/TotalLiabilitiesGrp/BOYAmt0497093
IRS990/TotalLiabilitiesGrp/EOYAmt0458612
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014124
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt059917
IRS990/TotalProgramServiceExpensesAmt0102495
IRS990/TotalProgramServiceRevenueAmt0161188
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0164945
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207445
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0511217
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0518529
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02300 SOUTH BLUE ISLAND
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060608
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY ARNOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DIAMOND KUT CHARITIES

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