Civic Intelligence

Transform Capital

990 • Fiscal year 2021 • EIN 85-3613051

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 14, 2022

31110 N Reigate LaneLibertyville, IL 60048

(312) 307-8774

Siviq Scores

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

Liabilities / Assets

76th percentile

0.25x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.31x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$507,805

No earlier filing loaded for comparison.

Net Assets

$382,723

No earlier filing loaded for comparison.

Liabilities

$125,082

No earlier filing loaded for comparison.

Revenue

$397,747

No earlier filing loaded for comparison.

Expenses

$13,211

No earlier filing loaded for comparison.

Net Income

$384,536

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $507,805Liabilities 2021: $125,082Net Assets 2021: $382,7232021Assets 2022: $930,555Liabilities 2022: $239,179Net Assets 2022: $691,3762022Assets 2023: $1,566,857Liabilities 2023: $495,887Net Assets 2023: $1,070,9702023Assets 2024: $3,077,322Liabilities 2024: $525,494Net Assets 2024: $2,551,8282024

Highlighted filing

2021

Assets$507,805
Liabilities$125,082
Net Assets$382,723

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2021: $397,747Expenses 2021: $13,211Net Income 2021: $384,5362021Revenue 2022: $326,845Expenses 2022: $18,192Net Income 2022: $308,6532022Revenue 2023: $409,135Expenses 2023: $29,541Net Income 2023: $379,5942023Revenue 2024: $1,519,962Expenses 2024: $39,104Net Income 2024: $1,480,8582024

Highlighted filing

2021

Revenue$397,747
Expenses$13,211
Net Income$384,536
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 14, 2022
Return Version
2021v4.2
Gross Receipts
$397,747
Mission and Program Overview

Mission

Transform capital is a lending platform which raises tax-deductable funding and places that funding into market-rate mortgage and business loans for deserving families in dis-invested local communities.

Transform capital is a lending platform which raises tax-deductible funding and places that funding into market-rate mortgage and business loans for deserving families in dis-invested local communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$0$439,937▲ $439,937
Loans From Officers Directors$0$125,000▲ $125,000
Cash and Non-Interest-Bearing Accounts$388$55,287▲ $54,899
Pledges and Grants Receivable$0$6,513▲ $6,513
Land, Buildings, and Equipment, Net$0$2,854▲ $2,854
Accounts Receivable$0$2,583▲ $2,583
Prepaid Expenses and Deferred Charges$0$631▲ $631
Total Assets$388$507,805▲ $507,417
Liabilities
Accounts Payable and Accrued Expenses$2,201$82▼ $2,119
Total Liabilities$2,201$125,082▲ $122,881
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,813$382,723▲ $384,536
Total Net Assets Fund Balance$-1,813$382,723▲ $384,536
Total Liabilities and Net Assets / Fund Balance$388$507,805▲ $507,417

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,854$571$3,425
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark ChassmanChair
Frederick TolbertVice Chair
Paul HawkinsonTreasurer and Executive Director
Stephen KawasakiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$385,998
Program Service Revenue
$9,431
Investment Income
$0
Other Revenue
$2,318
All Other Contributions
$385,998
Change in Net Assets
$384,536

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$117,736Fair Market Value
Total Noncash Contributions3$117,736-

Audited Revenue Reconciliation

Revenue per Audited Statements
$397,747
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$397,747
Total Revenue per Form 990
$397,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,211
Total Fundraising Expense$5,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$3,058-$3,058
Other Expenses$781$725$1,723$781
Insurance-$743-$743
Depreciation Depletion-$571-$571
All Other Expenses$387$150-$537
Office Expenses-$448-$448
Total Functional Expenses$1,843$5,695$5,673$13,211

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,211
Total Expenses per Audited Statements$13,211
Total Expenses per Form 990$13,211
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$0$125,000▲ $125,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

The form 990 is reviewed by the executive director and officers of the board of directors before filing.

Form 990, Part VI, Section B, Line 12C

The organization annually reviews any conflicts with the board and management in accordance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 18

Form 990 is available for inspection upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest, and financial statements available to the public through request.

Filing and Contact Details

Filer

Filer Name
Transform Capital
EIN
85-3613051
Phone
3123078774
Address
31110 N REIGATE LANE, LIBERTYVILLE, IL 60048

Signing Officer

Name
Mark Chassman
Title
Chair
Phone
3123078774
Signed
2022-06-14

Organization Details

Principal Officer
Mark Chassman
Formed
2020
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Cheryl Rohlfs & Associates Ltd
Address
401 HUEHL ROAD SUITE 1E, NORTHBROOK, IL 60062
Preparer
Cheryl K Rohlfs CPA
Phone
8477539200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 0. Management and general expenses 3,058. Fundraising expenses 0. Total expenses 3,058.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0STARTUP FUNDING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0125000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PAUL HAWKINSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0TREASURER AND EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0125000
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0117736
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND OFFICERS OF THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ANNUALLY REVIEWS ANY CONFLICTS WITH THE BOARD AND MANAGEMENT IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,058. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,058.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0388
IRS990/TotalAssetsEOYAmt0507805
IRS990/TotalAssetsGrp/BOYAmt0388
IRS990/TotalAssetsGrp/EOYAmt0507805
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0385998
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05673
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05695
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01843
IRS990/TotalFunctionalExpensesGrp/TotalAmt013211
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02201
IRS990/TotalLiabilitiesEOYAmt0125082
IRS990/TotalLiabilitiesGrp/BOYAmt02201
IRS990/TotalLiabilitiesGrp/EOYAmt0125082
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1813
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0382723
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01843
IRS990/TotalProgramServiceRevenueAmt09431
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011749
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0397747
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0388
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0507805
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt031110 N REIGATE LANE
IRS990/USAddress/CityNm0LIBERTYVILLE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060048
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TCCOMMUNITY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK CHASSMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03123078774
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRANSFORM CAPITAL
ReturnHeader/Filer/BusinessNameControlTxt0TRAN
ReturnHeader/Filer/EIN0853613051
ReturnHeader/Filer/PhoneNum03123078774
ReturnHeader/Filer/USAddress/AddressLine1Txt031110 N REIGATE LANE
ReturnHeader/Filer/USAddress/CityNm0LIBERTYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060048
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363998687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHERYL ROHLFS & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 HUEHL ROAD SUITE 1E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHBROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060062
ReturnHeader/PreparerPersonGrp/PhoneNum08477539200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHERYL K ROHLFS CPA
ReturnHeader/ReturnTs02022-06-27T17:06:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHASSMAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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