Preservation Chicago Nfp FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 01-0674228

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Leverages Preservation to create stable, sustainable, equitable, vibrant & healthy communities.the stabilization, repair, and reactivation of historic buildings can serve as a powerful tool to anchor reinvestment and catalyze healthy, sustainable, prosperous, equitable communities. Our efforts to date have materially and positively impacted countless buildings, stakeholders, and communities throughout Chicago.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $486K a year · 52% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $207K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$55K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$319K
Spent
$327K
To programs
71%
Net assets
$133K
By yearFY2020–FY2024
Revenue
$319K
FY2020
Revenue by fiscal year
FY2020$319K
FY2021$509K
FY2022$399K
FY2023$1.6M
FY2024$1.8M
Expenses
$327K
FY2020
Expenses by fiscal year
FY2020$327K
FY2021$368K
FY2022$440K
FY2023$472K
FY2024$636K
Net assets
$133K
FY2020
Net assets by fiscal year
FY2020$133K
FY2021$277K
FY2022$237K
FY2023$1.4M
FY2024$2.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $232K Management & general 18% · $58K Fundraising 12% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$84,500Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ward Miller’s $106K as Executive Director is at the 38th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ward Miller$106,500$89,500$87,000$82,000$84,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Preservation Chicago Nfp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves historic buildings to build stable, vibrant, and equitable communities.

Provided by the organization

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1 program service account for $232K of program spending, described in the organization's own filed words · FY2020.
01

Increased staff capacity has yielded an increase in mission-oriented activities. These activities resulted in more buildings saved, more preservation-oriented outcomes, and greater public awareness of the role historic buildings play to help achieve the long-term vision of catalyzing healthy, sustainable, prosperous, equitable chicago…

$232Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$319K
Ln 12
Gifts and grantsLn 1h$317K
Investment incomeLn 3$2K
Other incomeLn 4–11$1K
Money outPt IX
$327K
Ln 25
Programscol B$232K
Managementcol C$58K
Fundraisingcol D$38K
Owns and owesPt X
$133K
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$188K
LiabilitiesLn 26$55K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$317K
Investment incomeLn 3$2K
Other incomeLn 4–11$1K
Total revenueLn 12$319K
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$150K
Cash and savings togetherLn 1–2$176K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$188K
LiabilitiesLn 26$55K
Net assetsLn 32$133K
OperationsPt I, VI
EmployeesI 54
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$15K$176K
Land, buildings, equipmentLn 10c$4K$12K
Total assetsLn 16$148K$188K
LiabilitiesLn 26$7K$55K
Net assetsLn 32$141K$133K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$81K$5K$10K
Other salaries and wagesLn 7$135K$119K$10K$6K
Other employee benefitsLn 9$15K$5K$2K$8K
Payroll taxesLn 10$17K$9K$2K$6K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$9K$4K$4K$1K
Information technologyLn 14$6K$6K
OccupancyLn 16$13K$13K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$2K$900$792
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$12K$8K$960$3K
Total functional expensesLn 25$327K$232K$58K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$636K$1.2M$2.6M 990 PDF
FY2023 $1.6M$472K$1.1M$1.4M 990 PDF
FY2022 $399K$440K−$40K$237K 990 PDF
FY2021 $509K$368K$141K$277K 990 PDF
FY2020 Viewing $319K$327K−$8K$133K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $319,350 across 5 lines filed
Lines not itemized here account for $526 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$316,670
VIII-1h Total contributions, gifts and grants$316,670
VIII-3 Investment incomeExcluded from tax $1,596$1,596
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $558$558
VIII-12 Total revenueRelated to mission $526 · Unrelated business $0 · Excluded from tax $2,154$319,350
Part IX · Statement of functional expenses $327,311 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $81,382 · Management $4,787 · Fundraising $9,574$95,743
IX-7 Other salaries and wagesPrograms $118,875 · Management $9,875 · Fundraising $6,250$135,000
IX-9 Other employee benefitsPrograms $4,616 · Management $1,757 · Fundraising $8,153$14,526
IX-10 Payroll taxesPrograms $9,235 · Management $1,511 · Fundraising $6,045$16,791
IX-11c Accounting feesManagement $10,829$10,829
IX-11g Other fees for servicesPrograms $5,006$5,006
IX-13 Office expensesPrograms $4,022 · Management $3,521 · Fundraising $1,176$8,719
IX-14 Information technologyManagement $5,585$5,585
IX-16 OccupancyManagement $13,064$13,064
IX-17 TravelFundraising $2,988$2,988
IX-19 Conferences, conventions and meetingsPrograms $900 · Management $792$1,692
IX-22 Depreciation, depletion and amortizationManagement $2,693$2,693
IX-23 InsuranceManagement $2,578$2,578
IX-24 Other expenses (24a–d)Programs $7,669 · Management $960 · Fundraising $3,468$12,097
IX-25 Total functional expensesPrograms $231,705 · Management $57,952 · Fundraising $37,654$327,311
Part X · Balance sheet $187,783 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $14,918$25,521
X-2 Savings and temporary cash investments$150,010
X-4 Accounts receivable$50
X-10c Land, buildings and equipment, netStart of year $3,950$12,202
X-16 Total assetsStart of year $147,921$187,783
X-17 Accounts payable and accrued expensesStart of year $6,808$1,581
X-24 Unsecured notes and loans payable$50,000
X-25 Other liabilitiesStart of year $0$3,000
X-26 Total liabilitiesStart of year $6,808$54,581
X-32 Total net assets or fund balancesStart of year $141,113$133,202
X-33 Total liabilities and net assetsStart of year $147,921$187,783
Part XI · Reconciliation of net assets $133,202 net assets at year end
XI-1 Total revenue$319,350
XI-2 Total expenses$327,311
XI-3 Revenue less expenses−$7,961
XI-4 Net assets at start of year$141,113
XI-8 Prior period adjustments$50
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$133,202

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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