Lodgic Workplace INC

Mooseheart, ILUnknown exempt organization EIN 32-0530137Revenue $1.4M in FY2023Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSlodgic.orgMooseheart, IL

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Lodgic Workplace is an open coworking environment designed to cultivate collaboration and shared economic opportunity through proximity of its members.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0530137) · Dispute this line
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $651K a year · 54% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
62%
of spending
62% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $939K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.4M
-25% vs prior year
Spent
$1.3M
To programs
62%
Net assets
−$2.4M
By yearFY2021–FY2023
Revenue
$1.4M
FY2023▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2021$247K
FY2022$1.9M
FY2023$1.4M
Expenses
$1.3M
FY2023▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.2M
FY2022$2.0M
FY2023$1.3M
Net assets
−$2.4M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021−$2.4M
FY2022−$2.5M
FY2023−$2.4M

From the FY2023 Form 990 (year ending April 2023) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $800K Management & general 38% · $498K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director and President
$0Pt VII · Sec A
Director and Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lodgic Workplace INC executive salaries →

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

Fosters collaboration and shared economic opportunity through an open coworking space.

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1 program · $800K · in their own filed words · FY2022
01

Operation of Lodgic Workplace, a productive professional working collective of independent workers, businesses, families, and kids who believe that communities can thrive more, aspire more, achieve more, and enjoy more when they work together.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0530137) · Dispute this line
$800Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$939K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Money outPt IX
$1.3M
Ln 25
Programscol B$800K
Managementcol C$498K
Owns and owesPt X
−$2.4M
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$1.4M
Gains on assetsLn 7$0
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$2.4M
Net assetsLn 32−$2.4M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderApril
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$18K$0
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$936$0
Total assetsLn 16$20K$0
LiabilitiesLn 26$2.6M$2.4M
Net assetsLn 32−$2.5M−$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$297K$238K$59K$0
Pension plan contributionsLn 8$10K$8K$2K$0
Other employee benefitsLn 9$5K$4K$734$0
Payroll taxesLn 10$25K$22K$3K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$9K$8K$873$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$53K$0$53K$0
Office expensesLn 13$53K$42K$11K$0
Information technologyLn 14$36K$0$36K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$393K$393K$0$0
TravelLn 17$4K$82$4K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$45K$44K$896$0
Other expenses (24a–d)Ln 24$299K$6K$293K$0
All other expensesLn 24e$70K$35K$35K$0
Total functional expensesLn 25$1.3M$800K$498K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Aug 29, 2023 $1.4M$1.3M$132K−$2.4M 990 PDF
FY2022Filed with the IRS Mar 21, 2023 $1.9M$2.0M−$121K−$2.5M 990 PDF
FY2021Filed with the IRS Jul 28, 2022 $247K$2.2M−$2.0M−$2.4M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $1,429,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $987,154$0
I-9 Program service revenuePrior year $928,235$1,429,783
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,915,389$1,429,783
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 $326,694$337,205
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,710,126$960,551
I-18 Total expensesPrior year $2,036,820$1,297,756
I-19 Revenue less expensesPrior year −$121,431$132,027
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $1,429,783 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,429,783 · Unrelated business $0 · Excluded from tax $0$1,429,783
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $1,429,783 · Unrelated business $0 · Excluded from tax $0$1,429,783
Part IX · Statement of functional expenses $1,297,756 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $237,779 · Management $59,445 · Fundraising $0$297,224
IX-8 Pension plan contributionsPrograms $8,148 · Management $2,037 · Fundraising $0$10,185
IX-9 Other employee benefitsPrograms $4,157 · Management $734 · Fundraising $0$4,891
IX-10 Payroll taxesPrograms $21,916 · Management $2,989 · Fundraising $0$24,905
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $7,860 · Management $873 · Fundraising $0$8,733
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $52,647 · Fundraising $0$52,647
IX-13 Office expensesPrograms $41,887 · Management $11,134 · Fundraising $0$53,021
IX-14 Information technologyPrograms $0 · Management $35,637 · Fundraising $0$35,637
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $393,122 · Management $0 · Fundraising $0$393,122
IX-17 TravelPrograms $82 · Management $3,996 · Fundraising $0$4,078
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $43,900 · Management $896 · Fundraising $0$44,796
IX-24 Other expenses (24a–d)Programs $5,968 · Management $292,883 · Fundraising $0$298,851
IX-24e All other expensesPrograms $34,833 · Management $34,833 · Fundraising $0$69,666
IX-25 Total functional expensesPrograms $799,652 · Management $498,104 · Fundraising $0$1,297,756
Part X · Balance sheet $0 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $17,786$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans 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 $1,023$0
X-10c Land, buildings and equipment, netStart of year $936$0
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 $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $19,745$0
X-17 Accounts payable and accrued expensesStart of year $6,909$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $363,666$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $2,193,563$2,412,366
X-26 Total liabilitiesStart of year $2,564,138$2,412,366
X-27 Net assets without donor restrictionsStart of year −$2,544,393−$2,412,366
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$2,544,393−$2,412,366
X-33 Total liabilities and net assetsStart of year $19,745$0
Part XI · Reconciliation of net assets −$2,412,366 net assets at year end
XI-1 Total revenue$1,429,783
XI-2 Total expenses$1,297,756
XI-3 Revenue less expenses$132,027
XI-4 Net assets at start of year−$2,544,393
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,412,366

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

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