Preservation Chicago Nfp FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 01-0674228Revenue $1.6M in FY2023

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.
68¢ of each $1 spent went to programs.
$90K 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

FY2023 · 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
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
33 mo
of spending, in cash
Looks good: 32.7 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
$10K
0.7% of total assets
Looks good: liabilities are 1% 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
$1.6M
+305% vs prior year
Spent
$472K
To programs
68%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +305%
Tap a bar for its year
Revenue by fiscal year
FY2020$319K
FY2021$509K
FY2022$399K
FY2023$1.6M
FY2024$1.8M
Expenses
$472K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$327K
FY2021$368K
FY2022$440K
FY2023$472K
FY2024$636K
Net assets
$1.4M
FY2023▲ +485%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

68 cents of each dollar spent went to programs.

Program services 68% · $319K Management & general 24% · $113K Fundraising 8% · $39K

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; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$89,500Pt 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
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 · $319K · in their own filed words · FY2023
01

2023 proved to be remarkable. Many long-endangered buildings finally emerged as preservation 'wins' through landmarking. Preservation chicago has been deeply engaged with many of these long-term efforts and our leadership and involvement with these advocacy efforts proved decisive.

$319Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$39K
Other incomeLn 4–11$943
Money outPt IX
$472K
Ln 25
Programscol B$319K
Managementcol C$113K
Fundraisingcol D$39K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$10K
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$1.6M
Government grantsLn 1e$17K
Investment incomeLn 3$39K
Other incomeLn 4–11$943
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$124K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$90K
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$1.4M
LiabilitiesLn 26$10K
Net assetsLn 32$1.4M
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 FY23End FY23
Cash and savingsLn 1–2$241K$1.3M
InvestmentsLn 11–13$90K
Land, buildings, equipmentLn 10c$6K$15K
Total assetsLn 16$247K$1.4M
LiabilitiesLn 26$11K$10K
Net assetsLn 32$237K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$103K$88K$5K$10K
Other salaries and wagesLn 7$194K$172K$15K$6K
Other employee benefitsLn 9$25K$23K$467$933
Payroll taxesLn 10$20K$18K$601$1K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$17K$5K$5K$7K
Information technologyLn 14$7K$7K
OccupancyLn 16$38K$38K
TravelLn 17$19K$9K$9K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$13K$7K$1K$4K
Total functional expensesLn 25$472K$319K$113K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$636K$1.2M$2.6M 990 PDF
FY2023 Viewing $1.6M$472K$1.1M$1.4M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $1,617,322 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $397,869$1,577,096
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $177$39,283
I-11 Other revenuePrior year $1,020$943
I-12 Total revenuePrior year $399,066$1,617,322
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 $335,468$341,447
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $104,061$130,474
I-18 Total expensesPrior year $439,529$471,921
I-19 Revenue less expensesPrior year −$40,463$1,145,401
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 $1,617,322 across 6 lines filed
Lines not itemized here account for −$271 of total revenue; see the IRS return.
VIII-1e Government grants$16,693
VIII-1f All other contributions, gifts and grants$1,560,403
VIII-1h Total contributions, gifts and grants$1,577,096
VIII-3 Investment incomeExcluded from tax $39,283$39,283
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,214$1,214
VIII-12 Total revenueRelated to mission $943 · Unrelated business $0 · Excluded from tax $39,283$1,617,322
Part IX · Statement of functional expenses $471,921 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $87,741 · Management $5,161 · Fundraising $10,322$103,224
IX-7 Other salaries and wagesPrograms $172,396 · Management $15,238 · Fundraising $5,866$193,500
IX-9 Other employee benefitsPrograms $23,299 · Management $467 · Fundraising $933$24,699
IX-10 Payroll taxesPrograms $18,222 · Management $601 · Fundraising $1,201$20,024
IX-11c Accounting feesManagement $24,102$24,102
IX-11g Other fees for servicesPrograms $5,011$5,011
IX-13 Office expensesPrograms $5,414 · Management $4,531 · Fundraising $7,250$17,195
IX-14 Information technologyManagement $6,827$6,827
IX-16 OccupancyManagement $37,764$37,764
IX-17 TravelManagement $9,421 · Fundraising $9,422$18,843
IX-19 Conferences, conventions and meetingsManagement $1,992$1,992
IX-22 Depreciation, depletion and amortizationManagement $2,711$2,711
IX-23 InsuranceManagement $3,214$3,214
IX-24 Other expenses (24a–d)Programs $7,409 · Management $1,191 · Fundraising $4,215$12,815
IX-25 Total functional expensesPrograms $319,492 · Management $113,220 · Fundraising $39,209$471,921
Part X · Balance sheet $1,393,136 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $120,913$123,800
X-2 Savings and temporary cash investmentsStart of year $119,942$1,164,075
X-10c Land, buildings and equipment, netStart of year $6,334$15,277
X-11 Publicly traded securities$89,984
X-16 Total assetsStart of year $247,189$1,393,136
X-17 Accounts payable and accrued expensesStart of year $10,643$9,604
X-26 Total liabilitiesStart of year $10,643$9,604
X-27 Net assets without donor restrictionsStart of year $231,546$233,529
X-28 Net assets with donor restrictionsStart of year $5,000$1,150,003
X-32 Total net assets or fund balancesStart of year $236,546$1,383,532
X-33 Total liabilities and net assetsStart of year $247,189$1,393,136
Part XI · Reconciliation of net assets $1,383,532 net assets at year end
XI-1 Total revenue$1,617,322
XI-2 Total expenses$471,921
XI-3 Revenue less expenses$1,145,401
XI-4 Net assets at start of year$236,546
XI-5 Net unrealized gains (losses) on investments$1,585
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,383,532

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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