A Better Chicago FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2011Human ServicesEIN 27-4499625Revenue $8.7M in FY2023

On file with the IRSabetterchicago.org200 W Madison St 3rd Floor, 60606-3414 · Chicago, ILTax-exempt since Apr 2011Publicly supported charity — 170(b)(1)(A)(vi)

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A Better Chicago is changing how Chicago fights poverty by investing in bold ideas that create opportunity for our youth

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$1.0M 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 $1.5M a year · 15% 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.7M
+71% vs prior year
Spent
$7.6M
To programs
75%
Net assets
$15.0M
By yearFY2020–FY2024
Revenue
$8.7M
FY2023▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.1M
FY2021$14.7M
FY2022$5.1M
FY2023$8.7M
FY2024$12.4M
Expenses
$7.6M
FY2023▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.7M
FY2021$8.5M
FY2022$8.2M
FY2023$7.6M
FY2024$7.5M
Net assets
$15.0M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.9M
FY2021$17.1M
FY2022$14.0M
FY2023$15.0M
FY2024$20.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2011.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $5.7M Management & general 12% · $909K Fundraising 13% · $1.0M

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

23 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
$371,688Pt VII · Sec A
Chief Marketing Officer
$192,816Pt VII · Sec A
$179,759Pt VII · Sec A
Portfolio Director, Venture/Ca
$146,948Pt VII · Sec A
Director of Development
$142,923Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Swanson’s $392K as CEO is at the 89th percentile of top reported officer pay among 3122 $10–100M human services 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elizabeth Swanson$392,366$371,688$374,565$358,230$345,480
Becky Betts—$192,816$189,318$143,572—
Kelly Jones———$187,940$190,840
Walter McCloskey$188,839$179,759$177,280$76,958—
Nataly Barrera$163,082$146,948———
Chelsea Huszar$135,334$142,923$129,617——
Marshana Pace$137,341—$111,532$91,147—
Domonique Battle———$124,615—

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.

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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

Invests in bold ideas to create opportunity and fight poverty for Chicago's youth.

Provided by the organization

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1 program · $5.7M · in their own filed words · FY2023
01

In line with the organization's mission and values, A Better Chicago provided financial grants to organizations that are equipping people with education, skills and credentials to empower them to reach their potential.

$5.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 159 grants · $23.4M · 2020–2024
The Bottom Line INCMA · FY2024$300,000
One Million DegreesIL · FY2024$250,000
National Louis UniversityIL · FY2024$225,000
Braven IncorporatedIL · FY2024$200,000
College PossibleMN · FY2024$200,000
Intrinsic SchoolsIL · FY2024$175,000
Alternatives IncorporatedIL · FY2024$150,000
Springboard CollaborativePA · FY2024$125,000
Imentor IncorporatedNY · FY2024$125,000
Lion Pride Mentoring INCIL · FY2024$100,000
Rush University Medical CenterIL · FY2024$100,000
Maafa Redemption ProjectIL · FY2024$100,000
The BlocIL · FY2024$100,000
See all 159 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$8.7M
Ln 12
Gifts and grantsLn 1h$8.4M
Investment incomeLn 3$246K
Money outPt IX
$7.6M
Ln 25
Programscol B$5.7M
Managementcol C$909K
Fundraisingcol D$1.0M
Owns and owesPt X
$15.0M
net assets · Ln 32
Cash and savingsLn 1–2$10.9M
Total assetsLn 16$16.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
23
listed · VII A
PaidVII A5
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.4M
Noncash giftsLn 1g$379K
Investment incomeLn 3$246K
Gains on assetsLn 7$191
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
CashLn 1$10.9M
SavingsLn 2$0
Cash and savings togetherLn 1–2$10.9M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$568K
Total assetsLn 16$16.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$15.0M
OperationsPt I, VI
EmployeesI 517
VolunteersI 6130
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$11.5M$10.9M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$18K$13K
Total assetsLn 16$15.4M$16.1M
LiabilitiesLn 26$1.4M$1.1M
Net assetsLn 32$14.0M$15.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.3M$4.3M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$584K$98K$348K$138K
Other salaries and wagesLn 7$1.4M$826K$248K$319K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$196K$101K$58K$37K
Payroll taxesLn 10$144K$67K$43K$33K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$94K$94K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$91K$91K
Advertising and promotionLn 12$409K$1K$408K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$234K$121K$70K$44K
TravelLn 17$7K$3K$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$9K$5K$3K$2K
Other expenses (24a–d)Ln 24$105K$52K$32K$22K
All other expensesLn 24e$37K$20K$11K$7K
Total functional expensesLn 25$7.6M$5.7M$909K$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.4M$7.5M$5.0M$20.0M 990 PDF
FY2023 Viewing $8.7M$7.6M$1.0M$15.0M 990 PDF
FY2022 $5.1M$8.2M−$3.1M$14.0M 990 PDF
FY2021 $14.7M$8.5M$6.2M$17.1M 990 PDF
FY2020 $7.1M$8.7M−$1.7M$10.9M 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 $8,681,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,064,335$8,435,483
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,711$245,728
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,080,046$8,681,211
I-13 Grants and similar amounts paidPrior year $5,179,375$4,319,065
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,180,358$2,316,687
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $868,040$1,009,375
I-18 Total expensesPrior year $8,227,773$7,645,127
I-19 Revenue less expensesPrior year −$3,147,727$1,036,084
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,681,211 across 9 lines filed
VIII-1f All other contributions, gifts and grants$8,435,483
VIII-1g Noncash contributions (included above)$379,249
VIII-1h Total contributions, gifts and grants$8,435,483
VIII-3 Investment incomeExcluded from tax $247,144$245,537
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $191$191
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $247,335$8,681,211
Part IX · Statement of functional expenses $7,645,127 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $4,319,065$4,319,065
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified personsPrograms $98,317 · Management $347,788 · Fundraising $137,644$583,749
IX-7 Other salaries and wagesPrograms $826,023 · Management $248,168 · Fundraising $319,255$1,393,446
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $101,107 · Management $58,314 · Fundraising $36,532$195,953
IX-10 Payroll taxesPrograms $67,087 · Management $43,266 · Fundraising $33,186$143,539
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $94,420$94,420
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $91,156$91,156
IX-12 Advertising and promotionPrograms $1,420 · Fundraising $407,647$409,067
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $120,989 · Management $69,781 · Fundraising $43,715$234,485
IX-17 TravelPrograms $3,067 · Management $2,248 · Fundraising $1,831$7,146
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $21,898$21,898
IX-23 InsurancePrograms $4,663 · Management $2,689 · Fundraising $1,685$9,037
IX-24 Other expenses (24a–d)Programs $51,539 · Management $31,648 · Fundraising $21,526$104,713
IX-24e All other expensesPrograms $19,588 · Management $10,985 · Fundraising $6,880$37,453
IX-25 Total functional expensesPrograms $5,725,919 · Management $909,307 · Fundraising $1,009,901$7,645,127
Part X · Balance sheet $16,113,219 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $11,486,082$10,936,057
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $2,948,584$4,435,376
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $137,323$122,756
X-10c Land, buildings and equipment, netStart of year $17,923$12,729
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $455$38,319
X-15 Other assetsStart of year $790,032$567,982
X-16 Total assetsStart of year $15,380,399$16,113,219
X-17 Accounts payable and accrued expensesStart of year $185,397$244,058
X-18 Grants payableStart of year $375,000$225,000
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $820,559$606,836
X-26 Total liabilitiesStart of year $1,380,956$1,075,894
X-27 Net assets without donor restrictionsStart of year $6,148,754$7,423,473
X-28 Net assets with donor restrictionsStart of year $7,850,689$7,613,852
X-32 Total net assets or fund balancesStart of year $13,999,443$15,037,325
X-33 Total liabilities and net assetsStart of year $15,380,399$16,113,219
Part XI · Reconciliation of net assets $15,037,325 net assets at year end
XI-1 Total revenue$8,681,211
XI-2 Total expenses$7,645,127
XI-3 Revenue less expenses$1,036,084
XI-4 Net assets at start of year$13,999,443
XI-5 Net unrealized gains (losses) on investments$1,798
XI-10 Net assets at end of year$15,037,325

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

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