Inner-City Education Program EIN 32-0069799

Inner-City Education Program

EIN  32-0069799 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Provides low-income children with educational and hockey opportunities.
Leadership
Brad Erickson · Executive Director · $24K
Money in and out
$61K revenue, $81K expenses
Bottom line
63% program efficiency

Provides low-income children with educational and hockey opportunities. For fiscal year 2022 it reported $61K in revenue, $81K in expenses, and $19K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$61K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$19K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.18 Fundraising $0.20
Program efficiency
63%
of spending reaches programs▲ +21% vs prior filing year
Operating runway
2.9mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
-33%
revenue over expenses, this year▼ -54% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$61K
FY2022▼ -51%
Expenses
$81K
FY2022▼ -47%
Total assets
$19K
FY2022▼ -51%
Total liabilities
$0
FY2022
Total revenue
$61K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$19K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$20K
Total assetsPt X · Ln 16$19K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $50K of program spending, described in the organization's own filed words · FY2022.
01

To provide athletic and academic opportunities for chicago area grade school, junior high, or high school student-athletes through a community based youth hockey program which provides youth mentoring and academic tutoring.

$33Kprogram expense
02

To provide academic and athletic scholarships for under-privleged chicago are grade school, junior high, high school, or undergraduate college students seeking to receive a tuition-based education.

$17Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInner-City Education Program
EINHdr · item D32-0069799
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.innercityeducation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N12)
Ruling yearIRS BMFMay 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$23,692Pt 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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Brad Erickson’s $24K as Executive Director is at the 81st percentile of top reported officer pay among 97 <$100K recreation & sports 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

NameFY2022FY2021FY2020
Brad Erickson$23,692$79,962$77,000

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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Statement of Revenue

Part VIII
Contributions & grants108%$66K
Total revenueLn 12$61K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.18 Fundraising $0.20
Program services63%$50K
Management & general18%$14K
Fundraising20%$16K
Total functional expensesLn 25$81K

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$19K
Total liabilitiesLn 26$0
Total net assetsLn 32$19K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses (Pt IX) $81K · Less non-cash grants $729 · Cash operating expenses/yr $80K
2.9 months
Where the money goes
Program services
Program services $50K · Total expenses $81K
63%
Management & General
Management & general $14K · Total expenses $81K
18%
Fundraising
Fundraising $16K · Total expenses $81K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $149K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $61K
108%
Government reliance
Government grants — · Total revenue $61K
Earned-income share
Program service revenue $0 · Total revenue $61K
0%
Investment reliance
Investment income $0 · Total revenue $61K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $81K
0%
Growth & trend
Revenue growth (YoY)
This year $61K · Prior year $125K
-51%
Net-asset trend (YoY)
End of year $19K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $61K · Expenses $81K
-33%
Liabilities-to-Assets
Total liabilities — · Total assets $19K
Net-asset ratio
Net assets $19K · Total assets $19K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $19K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brad Erickson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $24K · Total expenses $81K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $81K
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 18%
Fundraising cost ratio 24%
Revenue growth -51%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$9K
Grants paid · 32 grants · $120K · 2020–2022
Unitemized GrantFY2022$6,872
Unitemized GrantFY2022$2,500
Unitemized GrantFY2022$2,500
Unitemized GrantFY2022$2,000
Unitemized GrantFY2022$2,000
Unitemized GrantFY2022$1,196
Unitemized GrantFY2022$375
Unitemized GrantFY2021$8,010
Unitemized GrantFY2021$4,555
Unitemized GrantFY2021$3,750
Unitemized GrantFY2021$3,253
Unitemized GrantFY2021$2,980
Unitemized GrantFY2021$2,880
Unitemized GrantFY2021$1,250
Unitemized GrantFY2021$1,250
Unitemized GrantFY2021$1,126
Unitemized GrantFY2021$1,000
Unitemized GrantFY2021$936
See all 32 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$61K revenue · viewing · ⤓ 990 PDF
FY2021$125K revenue · ⤓ 990 PDF
FY2020$196K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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