Civic Intelligence

Xchange Chicago Inc.

990EZ • Fiscal year 2023 • EIN 92-3697606

Jan 11, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileXCHANGECHICAGO.ORG
7247 S South Chicago AveChicago, IL 60619

(202) 618-5012

Siviq Scores

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

Liabilities / Assets

95th percentile

1.04x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

100th percentile

25.00x

Higher debt load relative to revenue than 100% of similar nonprofits.

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

Net Margin

6th percentile

-92%

Higher net margin than 6% 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

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

$120,388

No earlier filing loaded for comparison.

Net Assets

-$4,612

No earlier filing loaded for comparison.

Liabilities

$125,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin6th percentile

Revenue

$5,000

No earlier filing loaded for comparison.

Expenses

$9,612

No earlier filing loaded for comparison.

Net Income

-$4,612

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MAssets 2023: $120,388Liabilities 2023: $125,000Net Assets 2023: -$4,6122023Assets 2024: $10,077,727Liabilities 2024: $5,409,582Net Assets 2024: $4,668,1452024

Highlighted filing

2023

Assets$120,388
Liabilities$125,000
Net Assets-$4,612
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2023: $5,000Expenses 2023: $9,612Net Income 2023: -$4,6122023Revenue 2024: $6,061,909Expenses 2024: $1,291,401Net Income 2024: $4,770,5082024

Highlighted filing

2023

Revenue$5,000
Expenses$9,612
Net Income-$4,612
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 11, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$5,000
Mission and Program Overview

Mission

Xchange chicago creates more powerful opportunities for diverse talent, commercial growth and community impact. The primary objective of xchange is to realize a more equitable and inclusive economy by advancing innovative workforce solutions that equip local residents with the skills and resources to access high-growth employment opportunities in tech and other rapidly growing fields with high earning potential.

Program Services

DescriptionGrantsExpenses
XCHANGE CHICAGO CREATES MORE POWERFUL OPPORTUNITIES FOR DIVERSE TALENT, COMMERCIAL GROWTH AND COMMUNITY IMPACT. THE PRIMARY OBJECTIVE OF XCHANGE IS TO REALIZE A MORE EQUITABLE AND INCLUSIVE ECONOMY BY ADVANCING INNOVATIVE WORKFORCE SOLUTIONS THAT EQUIP LOCAL RESIDENTS WITH THE SKILLS AND RESOURCES TO ACCESS HIGH-GROWTH EMPLOYMENT OPPORTUNITIES IN TECH AND OTHER RAPIDLY GROWING FIELDS WITH HIGH EARNING POTENTIAL$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GREGORY MOONEYPresident/Director-$0--
CHARLES WHITAKERSecretary/Director-$0--
MONICA CARNEYTreasurer/Director-$0--
Filing and Contact Details

Filer

Filer Name
Xchange Chicago Inc
EIN
92-3697606
Phone
2026185012
Address
7247 S SOUTH CHICAGO AVE, CHICAGO, IL 60619

Signing Officer

Name
Gregory Mooney
Title
President
Phone
2026185012
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Cohnreznick Llp
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

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

“Description: meals . Amount: 581. Description: office supplies. Amount: 875. Total to form 990-ez, line 16: 1,456.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: deferred grant revenue. Beg. Of year amount: 0. End of year amount: 125,000.”

Raw XML Appendix136 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
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MONICA CARNEY
IRS990EZ/BooksInCareOfDetail/PhoneNum02026185012
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07247 S SOUTH CHICAGO AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GREGORY MOONEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHARLES WHITAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MONICA CARNEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER/DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01456
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0XCHANGE CHICAGO CREATES MORE POWERFUL OPPORTUNITIES FOR DIVERSE TALENT, COMMERCIAL GROWTH AND COMMUNITY IMPACT. THE PRIMARY OBJECTIVE OF XCHANGE IS TO REALIZE A MORE EQUITABLE AND INCLUSIVE ECONOMY BY ADVANCING INNOVATIVE WORKFORCE SOLUTIONS THAT EQUIP LOCAL RESIDENTS WITH THE SKILLS AND RESOURCES TO ACCESS HIGH-GROWTH EMPLOYMENT OPPORTUNITIES IN TECH AND OTHER RAPIDLY GROWING FIELDS WITH HIGH EARNING POTENTIAL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0XCHANGE CHICAGO CREATES MORE POWERFUL OPPORTUNITIES FOR DIVERSE TALENT, COMMERCIAL GROWTH AND COMMUNITY IMPACT. THE PRIMARY OBJECTIVE OF XCHANGE IS TO REALIZE A MORE EQUITABLE AND INCLUSIVE ECONOMY BY ADVANCING INNOVATIVE WORKFORCE SOLUTIONS THAT EQUIP LOCAL RESIDENTS WITH THE SKILLS AND RESOURCES TO ACCESS HIGH-GROWTH EMPLOYMENT OPPORTUNITIES IN TECH AND OTHER RAPIDLY GROWING FIELDS WITH HIGH EARNING POTENTIAL
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0125000
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt09612
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt05000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://XCHANGECHICAGO.ORG/
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TAX YEAR 2023 IS A SHORT YEAR IN THE INITIAL YEAR OF THE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SHORT YEAR EXPLANATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt05000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05000
IRS990ScheduleA/TotalSupportAmt05000
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/ExplanationTxt0DESCRIPTION: MEALS . AMOUNT: 581. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 875. TOTAL TO FORM 990-EZ, LINE 16: 1,456.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEFERRED GRANT REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 125,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/PersonNm0GREGORY MOONEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02026185012
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0XCHANGE CHICAGO INC
ReturnHeader/Filer/BusinessNameControlTxt0XCHA
ReturnHeader/Filer/EIN0923697606
ReturnHeader/Filer/PhoneNum02026185012
ReturnHeader/Filer/USAddress/AddressLine1Txt07247 S SOUTH CHICAGO AVE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINTREE
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ReturnHeader/PreparerPersonGrp/PhoneNum07813803520
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOLANTA TUCK CPA
ReturnHeader/ReturnTs02024-11-15T17:19:38-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-11
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
$120,388
Liabilities
$125,000
Net assets
-$4,612
Revenue
$5,000
Expenses
$9,612
Net income
-$4,612
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$5.41$4.67$6.06$1.29$4.77
2023Detailed filing. Detailed filing data is available for this year.$0.12$0.13$0.00$0.01$0.01$0.00