Civic Intelligence

Ferguson Charitable Foundation

990 • Fiscal year 2023 • EIN 88-3352237

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileWWW.FERGUSONPARTNERS.COM
123 N Wacker Dr Suite 2500Chicago, IL 60606

(312) 893-2347

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$140,125

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

97th percentile

166%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

262%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$917,925

Up $572,778 (+166%) from 2022

Net Assets

Up

$917,925

Up $622,778 (+211%) from 2022

Liabilities

Down

$0

Down $50,000 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin87th percentile

Revenue

Up

$1,556,606

Up $1,126,540 (+262%) from 2022

Expenses

Up

$933,828

Up $798,909 (+592%) from 2022

Net Income

Up

$622,778

Up $327,631 (+111%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2022: $345,147Liabilities 2022: $50,000Net Assets 2022: $295,1472022Assets 2023: $917,925Liabilities 2023: $0Net Assets 2023: $917,9252023Assets 2024: $3,046,817Liabilities 2024: $0Net Assets 2024: $3,046,8172024

Highlighted filing

2023

Assets$917,925
Liabilities$0
Net Assets$917,925
Open 2023 Filing

Operations Trend

Revenue Growth96th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2022: $430,066Expenses 2022: $134,919Net Income 2022: $295,1472022Revenue 2023: $1,556,606Expenses 2023: $933,828Net Income 2023: $622,7782023Revenue 2024: $3,302,003Expenses 2024: $1,167,759Net Income 2024: $2,134,2442024

Highlighted filing

2023

Revenue$1,556,606
Expenses$933,828
Net Income$622,778
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$1,556,606
Mission and Program Overview

Mission

Ferguson charitable foundation (the "foundation") is organized and shall be operated for exclusively charitable, educational, scientific, and literary purposes, each within the meaning of code section 501(c)(3). The foundation's initial activities shall include, but shall not be limited to, (a) supporting the creation and operation of an educational program and curriculum in certain colleges and university ("participating colleges") to encourage diverse students to pursue meaningful careers in the real estate industry; (b) providing scholarships to diverse students at participating colleges enrolled in a real estate center for leadership excellence to support the retention of students participating in the program; and equipping diverse students to enter the real estate industry through instruction, mentorship, and on-the-job training.

Ferguson charitable foundation (the "foundation") is organized and shall be operated for exclusively charitable, educational, scientific, and literary purposes, each within the meaning of code section 501(c)(3). The foundation's initial activities shall include, but shall not be limited to, (a) supporting the creation and operation of an educational program and curriculum in certain colleges and university ("particpating colleges") to encourage diverse students to pursue meaningful careers in the real estate industry; (b) providing scholarships to diverse students at participating colleges enrolled in a real estate center for leadership excellence to support the retention of students participating in the program; and equipping diverse students to enter the real estate industry through instruction, mentorship, and on-the-job training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$731,070-
Cash and Non-Interest-Bearing Accounts$345,147$182,837▼ $162,310
Land, Buildings, and Equipment, Net$0$4,018▲ $4,018
Total Assets$345,147$917,925▲ $572,778
Liabilities
Accounts Payable and Accrued Expenses$50,000$0▼ $50,000
Total Liabilities$50,000$0▼ $50,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$295,147$917,925▲ $622,778
Total Net Assets Fund Balance$295,147$917,925▲ $622,778
Total Liabilities and Net Assets / Fund Balance$345,147$917,925▲ $572,778

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,018-$4,018
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carrie NowickiChief Operating OfficerPT$140,125$140,125

Board Members and Trustees

NameTitle
William FergusonPresident
Chris HowardDirector
Tammy JonesDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Carrie NowickiStaffing Contractor10620 S FAIRFIELD AVE, Chicago, IL 60655$140,125
Revenue and Support

Revenue Composition

Contributions and Grants
$1,549,554
Program Service Revenue
$0
Investment Income
$7,052
Other Revenue
$0
All Other Contributions
$1,549,554
Change in Net Assets
$622,778

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 Amount
Securities Publicly Traded1,300$50,567
Total Noncash Contributions1,300$50,567

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,556,606
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,556,606
Total Revenue per Form 990
$1,556,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$462,343
Grants and Similar Amounts Paid$331,360
Salaries, Compensation, and Employee Benefits$140,125
Total Fundraising Expense$129,371
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$331,360--$331,360
Fees for Services Other$232,206$15,351-$247,557
Current Officers, Directors, Trustees, and Key Employees$140,125--$140,125
Travel--$129,371$129,371
Advertising$25,435--$25,435
Fees for Services Legal-$18,914-$18,914
Other Expenses$5,000--$5,000
Insurance$2,080--$2,080
Fees for Services Accounting-$1,500-$1,500
Office Expenses-$1,482-$1,482
Total Functional Expenses$767,210$37,247$129,371$933,828

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$933,828
Total Expenses per Audited Statements$933,828
Total Expenses per Form 990$933,828
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“A copy will be provided and reviewed by the board before filed.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Ferguson Charitable Foundation
EIN
88-3352237
Phone
3128932347
Address
123 N WACKER DR SUITE 2500, CHICAGO, IL 60606

Signing Officer

Name
William Ferguson
Title
President
Phone
3128932347
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Ferguson
Formed
2022
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Porte Brown LLC
Address
9014 HERITAGE PARKWAY SUITE 308, WOODRIDGE, IL 60517
Preparer
Megan Angle
Phone
7084291040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 0. Management and general expenses 1,338. Fundraising expenses 0. Total expenses 1,338. Contract services: program service expenses 232,206. Management and general expenses 14,013. Fundraising expenses 0. Total expenses 246,219.”

FORM 990, PART XII, LINE 2C:

“No changes from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has adopted the provision of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The foundation files information returns in the u.s. Federal jurisdiction and the state of illinois. Management is not aware of any uncertain tax positions.”

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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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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01556606
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0933828
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0149345
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1182015
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT DEVELOPMENT AND MENTORING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0110
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt119
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01300
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt050567
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY WILL BE PROVIDED AND REVIEWED BY THE BOARD BEFORE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,338. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,338. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 232,206. MANAGEMENT AND GENERAL EXPENSES 14,013. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 246,219.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGES FROM THE PRIOR YEAR.
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 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0345147
IRS990/TotalAssetsEOYAmt0917925
IRS990/TotalAssetsGrp/BOYAmt0345147
IRS990/TotalAssetsGrp/EOYAmt0917925
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01549554
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0129371
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037247
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0767210
IRS990/TotalFunctionalExpensesGrp/TotalAmt0933828
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt050000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0295147
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0917925
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0767210
IRS990/TotalReportableCompFromOrgAmt0140125
IRS990/TotalRevenueGrp/ExclusionAmt07052
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01556606
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0345147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0917925
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0129371
IRS990/TravelGrp/TotalAmt0129371
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0123 N WACKER DR SUITE 2500
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060606
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://WWW.FERGUSONPARTNERS.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM FERGUSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03128932347
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FERGUSON CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FERG
ReturnHeader/Filer/EIN0883352237
ReturnHeader/Filer/PhoneNum03128932347
ReturnHeader/Filer/USAddress/AddressLine1Txt0123 N WACKER DR SUITE 2500
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060606
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362663358
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PORTE BROWN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09014 HERITAGE PARKWAY SUITE 308
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODRIDGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060517
ReturnHeader/PreparerPersonGrp/PhoneNum07084291040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN ANGLE
ReturnHeader/ReturnTs02024-11-15T13:43:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$917,925
Liabilities
$0
Net assets
$917,925
Revenue
$1,556,606
Expenses
$933,828
Net income
$622,778
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$3.30$1.17$2.13
2023Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$1.56$0.93$0.62
2022Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.30$0.43$0.13$0.30