Civic Intelligence

Inherentance

990EZ • Fiscal year 2023 • EIN 92-0494692

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 17, 2024

Organization ProfileINHERENTANCE.ORG
4647 W Polk StChicago, IL 60644

(312) 929-9935

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

13th percentile

-36%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

11th percentile

-50%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

77th percentile

40%

Faster revenue growth than 77% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$50,000

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

Net Assets

Down

$50,000

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

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin13th percentile

Revenue

Up

$140,213

Up $40,213 (+40%) from 2022

Expenses

Up

$190,213

Up $190,213 from 2022

Net Income

Down

-$50,000

Down $150,000 (-150%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$300K$200K$100K$0Assets 2022: $100,000Liabilities 2022: $0Net Assets 2022: $100,0002022Assets 2023: $50,000Liabilities 2023: $0Net Assets 2023: $50,0002023Assets 2024: $200,116Liabilities 2024: $0Net Assets 2024: $200,1162024

Highlighted filing

2023

Assets$50,000
Liabilities$0
Net Assets$50,000
Open 2023 Filing

Operations Trend

Revenue Growth77th percentile

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

$1.0M$500K$0-$500KRevenue 2022: $100,000Expenses 2022: $0Net Income 2022: $100,0002022Revenue 2023: $140,213Expenses 2023: $190,213Net Income 2023: -$50,0002023Revenue 2024: $757,345Expenses 2024: $607,229Net Income 2024: $150,1162024

Highlighted filing

2023

Revenue$140,213
Expenses$190,213
Net Income-$50,000
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 17, 2024
Return Version
2023v5.1
Gross Receipts
$140,213
Mission and Program Overview

Mission

Invest in people by providing education, training, and career development to women, justice-involved individuals and those with historically limited access to the trades; and invest in communities through public works projects that are tailored to the needs of the communities.

Program Services

DescriptionGrantsExpenses
INVEST IN PEOPLE BY PROVIDING EDUCATION, TRAINING, AND CAREER DEVELOPMENT TO WOMEN, JUSTICE-INVOLVED INDIVIDUALS AND THOSE WITH HISTORICALLY LIMITED ACCESS TO THE TRADES. THIS PROGRAM WILL FOCUS ON (A) SOFT SKILLS IN THE WORKPLACE: BASIC WORKPLACE DEMEANOR, EXECUTIVE FUNCTION, AS WELL AS PHYSICAL AND EMOTIONAL HEALTH, AND (B) HARD SKILL NEEDED FOR ADVANCEMENT, INCLUDING TIME MANAGEMENT, PROCESS IMPROVEMENT, AND CONSTRUCTION TRADE SKILLS. INDIVIDUALS WILL LEARN THESE SKILLS BY BUILDING MODULARLY CONSTRUCTED HOMES THAT WILL BE SOLD TO HOMEBUYERS MAKING 60-100 PERCENT OF THE AMI (AREA MEDIAN INCOME) THAT WILL ALSO HELP ADDRESS THE AFFORDABLE HOUSING CRISIS FACING OUR NATION'S CITIES.$0$189,174
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIM SWANSONDirector-$0--
NICOLE VIGGIANODirector-$0--
ERIN GUNNINGDirector-$0--
Filing and Contact Details

Filer

Filer Name
Inherentance
EIN
92-0494692
Phone
3129299935
Address
4647 W POLK ST, CHICAGO, IL 60644

Signing Officer

Name
Tim Swanson
Title
Director
Phone
3129299935
Signed
2024-10-17
Discuss with paid preparer
Yes

Preparer

Firm
Sikich LLC
Address
3051 HOLLIS DRIVE 3RD FLOOR, SPRINGFIELD, IL 62704
Preparer
Jill M Boyle CPA
Phone
2177933363
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: workforce development. Grantee name: inherent l3c. Grantee address: 4647 w polk st chicago, il 60644. Date of gift: 12/31/23. Amount given: 167,230.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: microhome build. Grantee name: inherent l3c. Grantee address: 4647 w polk st chicago, il 60644. Date of gift: 12/31/23. Amount given: 21,944. Total included on form 990-ez, line 10: 189,174.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: other. Amount: 1,039.”

Raw XML Appendix137 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TIM SWANSON
IRS990EZ/BooksInCareOfDetail/PhoneNum03129299935
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04647 W POLK ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060644
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0100000
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt050000
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0140213
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-50000
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0100000
IRS990EZ/Form990TotalAssetsGrp/EOYAmt050000
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0189174
IRS990EZ/GrossReceiptsAmt0140213
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0100000
IRS990EZ/NetAssetsOrFundBalancesEOYAmt050000
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0100000
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt050000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TIM SWANSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NICOLE VIGGIANO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ERIN GUNNING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01039
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0INVEST IN PEOPLE BY PROVIDING EDUCATION, TRAINING, AND CAREER DEVELOPMENT TO WOMEN, JUSTICE-INVOLVED INDIVIDUALS AND THOSE WITH HISTORICALLY LIMITED ACCESS TO THE TRADES; AND INVEST IN COMMUNITIES THROUGH PUBLIC WORKS PROJECTS THAT ARE TAILORED TO THE NEEDS OF THE COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0INVEST IN PEOPLE BY PROVIDING EDUCATION, TRAINING, AND CAREER DEVELOPMENT TO WOMEN, JUSTICE-INVOLVED INDIVIDUALS AND THOSE WITH HISTORICALLY LIMITED ACCESS TO THE TRADES. THIS PROGRAM WILL FOCUS ON (A) SOFT SKILLS IN THE WORKPLACE: BASIC WORKPLACE DEMEANOR, EXECUTIVE FUNCTION, AS WELL AS PHYSICAL AND EMOTIONAL HEALTH, AND (B) HARD SKILL NEEDED FOR ADVANCEMENT, INCLUDING TIME MANAGEMENT, PROCESS IMPROVEMENT, AND CONSTRUCTION TRADE SKILLS. INDIVIDUALS WILL LEARN THESE SKILLS BY BUILDING MODULARLY CONSTRUCTED HOMES THAT WILL BE SOLD TO HOMEBUYERS MAKING 60-100 PERCENT OF THE AMI (AREA MEDIAN INCOME) THAT WILL ALSO HELP ADDRESS THE AFFORDABLE HOUSING CRISIS FACING OUR NATION'S CITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0189174
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0190213
IRS990EZ/TotalProgramServiceExpensesAmt0189174
IRS990EZ/TotalRevenueAmt0140213
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0INHERENTANCE.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0140213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0240213
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt026132
IRS990ScheduleA/SubstantialContributorsTotAmt0214081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0140213
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0240213
IRS990ScheduleA/TotalSupportAmt0240213
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: WORKFORCE DEVELOPMENT. GRANTEE NAME: INHERENT L3C. GRANTEE ADDRESS: 4647 W POLK ST CHICAGO, IL 60644. DATE OF GIFT: 12/31/23. AMOUNT GIVEN: 167,230.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: MICROHOME BUILD. GRANTEE NAME: INHERENT L3C. GRANTEE ADDRESS: 4647 W POLK ST CHICAGO, IL 60644. DATE OF GIFT: 12/31/23. AMOUNT GIVEN: 21,944. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 189,174.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OTHER. AMOUNT: 1,039.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM SWANSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03129299935
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INHERENTANCE
ReturnHeader/Filer/BusinessNameControlTxt0INHE
ReturnHeader/Filer/EIN0920494692
ReturnHeader/Filer/PhoneNum03129299935
ReturnHeader/Filer/USAddress/AddressLine1Txt04647 W POLK ST
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060644
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363168081
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIKICH LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03051 HOLLIS DRIVE 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062704
ReturnHeader/PreparerPersonGrp/PhoneNum02177933363
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JILL M BOYLE CPA
ReturnHeader/ReturnTs02024-10-22T08:03:31-05:00
ReturnHeader/ReturnTypeCd0990EZ
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 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,000
Liabilities
$0
Net assets
$50,000
Revenue
$140,213
Expenses
$190,213
Net income
-$50,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.00$2.00$7.57$6.07$1.50
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$1.40$1.90$0.50
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.00$0.00$1.00