Fellowship Educational and Economic

IRS exemption revoked

Chicago, ILUnknown exempt organization EIN 27-0706944Revenue $9K in FY2020Latest return filed Jul 21, 2021

On file with the IRS4543 S Princeton Ave · Chicago, IL

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The mission of Fellowship Educational and Economic development corporation (feed) is to build people and community by focusing on personal growth, job creation, education, youth development, healthcare, Economic development, and community empowerment

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9K
Spent
$8K
To programs
98%
Net assets
$504

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2012

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $8K Management & general 2% · $180

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Fellowship Educational and Economic 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 15aNo

Programs and updates

Empowers individuals and communities through job creation, education, and personal growth initiatives.

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Provided by the organization

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1 program · $8K · in their own filed words · FY2020
01

The mission of feed is to build people and community by focusing on personal growth, job creation, education, youth development, healthcare, economic development, and community empowerment

$8Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $8K · 2020–2020

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9K
Ln 12
Other incomeLn 4–11$9K
Money outPt IX
$8K
Ln 25
Programscol B$8K
Managementcol C$180
Owns and owesPt X
$504
net assets · Ln 32
Cash and savingsLn 1–2$504
Total assetsLn 16$504
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$9K
Total revenueLn 12$9K
Assets in detailPt X, end of year
CashLn 1$504
Cash and savings togetherLn 1–2$504
Total assetsLn 16$504
LiabilitiesLn 26$0
Net assetsLn 32$504
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$25$504
Total assetsLn 16$25$504
LiabilitiesLn 26$0$0
Net assetsLn 32$25$504
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Other expenses (24a–d)Ln 24$180$180
Total functional expensesLn 25$8K$8K$180$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Jul 21, 2021 $9K$8K$359$504 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $8,539 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$8,539
I-12 Total revenuePrior year $0$8,539
I-13 Grants and similar amounts paidPrior year $0$8,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$180
I-18 Total expensesPrior year $0$8,180
I-19 Revenue less expensesPrior year $0$359
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $8,539 across 2 lines filed
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,539$8,539
VIII-12 Total revenueRelated to mission $8,539 · Unrelated business $0 · Excluded from tax $0$8,539
Part IX · Statement of functional expenses $8,180 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $8,000$8,000
IX-24 Other expenses (24a–d)Management $180$180
IX-25 Total functional expensesPrograms $8,000 · Management $180 · Fundraising $0$8,180
Part X · Balance sheet $504 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $25$504
X-16 Total assetsStart of year $25$504
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $25$504
X-32 Total net assets or fund balancesStart of year $25$504
X-33 Total liabilities and net assetsStart of year $25$504
Part XI · Reconciliation of net assets $504 net assets at year end
XI-1 Total revenue$8,539
XI-2 Total expenses$8,180
XI-3 Revenue less expenses$359
XI-4 Net assets at start of year$25
XI-8 Prior period adjustments$120
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$504

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

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