Civic Intelligence

Revolution Institute

990 • Fiscal year 2023 • EIN 86-2202128

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 26, 2024

Organization Profile
3410 West Lake StreetChicago, IL 60624

(773) 934-3014

Siviq Scores

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

Liabilities / Assets

54th percentile

0.03x

Higher debt load relative to assets than 54% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.09x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

5th percentile

-70%

Higher net margin than 5% of similar nonprofits.

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

Top Officer Pay

95th percentile

$171,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 67.2% of source-year revenue.

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

Asset Growth

13th percentile

-16%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$875,826

Down $172,111 (-16%) from 2022

Net Assets

Down

$853,670

Down $179,420 (-17%) from 2022

Liabilities

Up

$22,156

Up $7,309 (+49%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin5th percentile

Revenue

Down

$254,597

Down $777,632 (-75%) from 2022

Expenses

Up

$434,017

Up $111,375 (+35%) from 2022

Net Income

Down

-$179,420

Down $889,007 (-125%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$1.5M$1.0M$500K$0Assets 2021: $336,715Liabilities 2021: $13,212Net Assets 2021: $323,5032021Assets 2022: $1,047,937Liabilities 2022: $14,847Net Assets 2022: $1,033,0902022Assets 2023: $875,826Liabilities 2023: $22,156Net Assets 2023: $853,6702023Assets 2024: $1,029,442Liabilities 2024: $19,987Net Assets 2024: $1,009,4552024

Highlighted filing

2023

Assets$875,826
Liabilities$22,156
Net Assets$853,670
Open 2023 Filing

Operations Trend

Revenue Growth2nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $440,180Expenses 2021: $116,677Net Income 2021: $323,5032021Revenue 2022: $1,032,229Expenses 2022: $322,642Net Income 2022: $709,5872022Revenue 2023: $254,597Expenses 2023: $434,017Net Income 2023: -$179,4202023Revenue 2024: $664,259Expenses 2024: $508,474Net Income 2024: $155,7852024

Highlighted filing

2023

Revenue$254,597
Expenses$434,017
Net Income-$179,420
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 26, 2024
Return Version
2023v5.0
Gross Receipts
$254,597
Mission and Program Overview

Mission

Revolution Institute's purpose is to liberate the expansive potential of African-American and Latinx communities through sustainable, future-oriented work, entrepreneurship, and value-aligned collaborations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$720,000$488,000▼ $232,000
Savings and Temporary Cash Investments$251,389$316,403▲ $65,014
Cash and Non-Interest-Bearing Accounts$75,163$71,423▼ $3,740
Prepaid Expenses and Deferred Charges$1,385--
Total Assets$1,047,937$875,826▼ $172,111
Liabilities
Accounts Payable and Accrued Expenses$14,847$22,156▲ $7,309
Other Liabilities$0$0→ $0
Total Liabilities$14,847$22,156▲ $7,309
Net Assets / Fund Balance
Net Assets With Donor Restrictions$720,000$708,742▼ $11,258
Net Assets Without Donor Restrictions$313,090$144,928▼ $168,162
Total Net Assets Fund Balance$1,033,090$853,670▼ $179,420
Total Liabilities and Net Assets / Fund Balance$1,047,937$875,826▼ $172,111
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sequane LawrenceCEOFT$171,000$171,000

Board Members and Trustees

NameTitle
Dan MillerPresident
Jodi LevineSecretary
Victor LoboTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$238,742
Program Service Revenue
$0
Investment Income
$15,015
Other Revenue
$840
All Other Contributions
$238,742
Change in Net Assets
$-179,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,597
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$254,597
Total Revenue per Form 990
$254,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$361,728
Total Fundraising Expense$75,075
Other Expenses$72,289
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$128,250$17,100$25,650$171,000
Other Salaries and Wages$134,255$16,454$15,673$166,382
Fees for Services Management$22,220$9,682$29,907$61,809
Payroll Taxes$18,943$2,421$2,982$24,346
Information Technology$4,388$2,013$319$6,720
Office Expenses$0$490$444$934
Conferences and Meetings$924$0$0$924
Advertising$0$0$100$100
Other Expenses$0$25$0$25
Total Functional Expenses$310,289$48,653$75,075$434,017

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$434,017
Total Expenses per Audited Statements$434,017
Total Expenses per Form 990$434,017
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the IRS Form 990 is circulated to Board members for review prior to filing.”

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

“Annual conflict of interest statements are signed by each board member.”

Form 990, Part VI, Section B, Line 15

“The Board of Directors approved compensation of the executive director and uses comparative analysis of similar nonprofit organizations as a benchmark for such compensation granted.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest disclosures, financial statements and IRS form 990's are made available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Revolution Institute
EIN
86-2202128
Phone
7739343014
Address
3410 West Lake Street, Chicago, IL 60624

Signing Officer

Name
Sequane Lawrence
Title
CEO
Phone
7733328335
Signed
2024-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sequane Lawrence
Formed
2021
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Firm
Icl LLC
Address
11 East Adams Street Suite 1650, Chicago, IL 60603
Preparer
James Hill
Phone
8003071008
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“The Organization is a tax-exempt organization under Section 501(c) (3) of the Internal Revenue Code. The Organization follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, The Organization may recognize the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of The Organization and various positions related to potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities for the reporting period presented in the financial statements. The Organization files Form 990 in the U.S. federal jurisdiction and the State of Illinois.”

Raw XML AppendixShowing 400 of 522 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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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01030840
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01389
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0140251
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0709587
IRS990/PYSalariesCompEmpBnftPaidAmt0182391
IRS990/PYTotalExpensesAmt0322642
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01032229
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-179420
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0251389
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0316403
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0238742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01030840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0440180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01709762
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0338152
IRS990ScheduleA/SubstantialContributorsTotAmt01371610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0238742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01030840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0440180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01709762
IRS990ScheduleA/TotalSupportAmt01709762
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0434017
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0254597
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a tax-exempt organization under Section 501(c) (3) of the Internal Revenue Code. The Organization follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, The Organization may recognize the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of The Organization and various positions related to potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities for the reporting period presented in the financial statements. The Organization files Form 990 in the U.S. federal jurisdiction and the State of Illinois.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0434017
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0254597
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0254597
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0434017
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$875,826
Liabilities
$22,156
Net assets
$853,670
Revenue
$254,597
Expenses
$434,017
Net income
-$179,420
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.02$1.01$0.66$0.51$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.02$0.85$0.25$0.43$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.03$1.03$0.32$0.71
2021Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.32$0.44$0.12$0.32