Preservation Chicago Nfp FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 01-0674228Revenue $399K in FY2022

On file with the IRSpreservationchicago.org205 W Monroe St Ste 400, 60606-5006 · Chicago, ILTax-exempt since Sep 2003Publicly supported charity — 170(b)(1)(A)(vi)

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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.
72¢ of each $1 spent went to programs.
$87K 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

FY2022 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 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
$11K
4% of total assets
Looks good: liabilities are 4% 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
$399K
-22% vs prior year
Spent
$440K
To programs
72%
Net assets
$237K
By yearFY2020–FY2024
Revenue
$399K
FY2022▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$319K
FY2021$509K
FY2022$399K
FY2023$1.6M
FY2024$1.8M
Expenses
$440K
FY2022▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$327K
FY2021$368K
FY2022$440K
FY2023$472K
FY2024$636K
Net assets
$237K
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$133K
FY2021$277K
FY2022$237K
FY2023$1.4M
FY2024$2.6M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

72 cents of each dollar spent went to programs.

Program services 72% · $315K Management & general 21% · $94K Fundraising 7% · $30K

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; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$87,000Pt 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
President
$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.

Questions for Preservation Chicago Nfp

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Provided by the organization

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1 program · $315K · in their own filed words · FY2022
01

2022 was a remarkable year. Many long-endangered buildings finally emerged as preservation "wins" through landmarking, restoration, and adaptive reuse after years (and in some cases decades) of advocacy.

$315Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$399K
Ln 12
Gifts and grantsLn 1h$398K
Other incomeLn 4–11$1K
Investment incomeLn 3$177
Money outPt IX
$440K
Ln 25
Programscol B$315K
Managementcol C$94K
Fundraisingcol D$30K
Owns and owesPt X
$237K
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$247K
LiabilitiesLn 26$11K
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$398K
Government grantsLn 1e$30K
Investment incomeLn 3$177
Other incomeLn 4–11$1K
Total revenueLn 12$399K
Assets in detailPt X, end of year
CashLn 1$121K
SavingsLn 2$120K
Cash and savings togetherLn 1–2$241K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$247K
LiabilitiesLn 26$11K
Net assetsLn 32$237K
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 FY22End FY22
Cash and savingsLn 1–2$283K$241K
Land, buildings, equipmentLn 10c$9K$6K
Total assetsLn 16$292K$247K
LiabilitiesLn 26$15K$11K
Net assetsLn 32$277K$237K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$86K$5K$9K
Other salaries and wagesLn 7$189K$170K$13K$6K
Other employee benefitsLn 9$26K$23K$2K$1K
Payroll taxesLn 10$20K$18K$1K$996
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$12K$4K$8K$345
Information technologyLn 14$8K$8K
OccupancyLn 16$29K$29K
TravelLn 17$9K$9K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$17K$14K$632$3K
Total functional expensesLn 25$440K$315K$94K$30K

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 Viewing $399K$440K−$40K$237K 990 PDF
FY2021 $509K$368K$141K$277K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $399,066 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $509,317$397,869
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $11$177
I-11 Other revenuePrior year −$25$1,020
I-12 Total revenuePrior year $509,303$399,066
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $306,671$335,468
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,775$104,061
I-18 Total expensesPrior year $368,446$439,529
I-19 Revenue less expensesPrior year $140,857−$40,463
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $399,066 across 6 lines filed
Lines not itemized here account for −$227 of total revenue; see the IRS return.
VIII-1e Government grants$29,560
VIII-1f All other contributions, gifts and grants$368,309
VIII-1h Total contributions, gifts and grants$397,869
VIII-3 Investment incomeExcluded from tax $177$177
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,247$1,247
VIII-12 Total revenueRelated to mission $1,020 · Unrelated business $0 · Excluded from tax $177$399,066
Part IX · Statement of functional expenses $439,529 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $85,651 · Management $5,281 · Fundraising $9,365$100,297
IX-7 Other salaries and wagesPrograms $170,101 · Management $12,600 · Fundraising $6,299$189,000
IX-9 Other employee benefitsPrograms $23,105 · Management $1,838 · Fundraising $1,313$26,256
IX-10 Payroll taxesPrograms $17,525 · Management $1,394 · Fundraising $996$19,915
IX-11c Accounting feesManagement $22,908$22,908
IX-11g Other fees for servicesPrograms $1,138$1,138
IX-13 Office expensesPrograms $3,811 · Management $7,784 · Fundraising $345$11,940
IX-14 Information technologyManagement $7,634$7,634
IX-16 OccupancyManagement $28,887$28,887
IX-17 TravelFundraising $8,760$8,760
IX-22 Depreciation, depletion and amortizationManagement $2,647$2,647
IX-23 InsuranceManagement $2,814$2,814
IX-24 Other expenses (24a–d)Programs $13,612 · Management $632 · Fundraising $3,089$17,333
IX-25 Total functional expensesPrograms $314,943 · Management $94,419 · Fundraising $30,167$439,529
Part X · Balance sheet $247,189 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $182,948$120,913
X-2 Savings and temporary cash investmentsStart of year $100,021$119,942
X-10c Land, buildings and equipment, netStart of year $8,981$6,334
X-16 Total assetsStart of year $291,950$247,189
X-17 Accounts payable and accrued expensesStart of year $14,941$10,643
X-26 Total liabilitiesStart of year $14,941$10,643
X-27 Net assets without donor restrictionsStart of year $277,009$231,546
X-28 Net assets with donor restrictions$5,000
X-32 Total net assets or fund balancesStart of year $277,009$236,546
X-33 Total liabilities and net assetsStart of year $291,950$247,189
Part XI · Reconciliation of net assets $236,546 net assets at year end
XI-1 Total revenue$399,066
XI-2 Total expenses$439,529
XI-3 Revenue less expenses−$40,463
XI-4 Net assets at start of year$277,009
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$236,546

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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