Field Trip Foundation FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)EducationEIN 32-0583917Revenue $73K in FY2022

On file with the IRSPo Box 14857, 60614-8541 · Chicago, ILTax-exempt since Aug 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Attachment 1

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
1 of 5
filings with a surplus
Average deficit $61K a year · 42% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 30.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$500K
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$73K
+141% vs prior year
Spent
$120K
To programs
96%
Net assets
$97K
By yearFY2020–FY2024
Revenue
$73K
FY2022▲ +141%
Tap a bar for its year
Revenue by fiscal year
FY2020$340K
FY2021$30K
FY2022$73K
FY2023$152K
FY2024$124K
Expenses
$120K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$332K
FY2021$111K
FY2022$120K
FY2023$154K
FY2024$305K
Net assets
$97K
FY2022▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2020$225K
FY2021$144K
FY2022$97K
FY2023$95K
FY2024−$87K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Aug 2019.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $115K Management & general 4% · $5K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President, Secretary, Director
$0Pt VII · Sec A
Treasurer, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Field Trip Foundation 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

Programs and updates

Field Trip Foundation is an education nonprofit based in Chicago, IL.

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Provided by the organization

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1 program · $115K · in their own filed words · FY2022
01

Developing & Executing experiential learning programs.

$115Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$73K
Ln 12
Fees for servicesLn 2g$73K
Money outPt IX
$120K
Ln 25
Programscol B$115K
Managementcol C$5K
Owns and owesPt X
$97K
net assets · Ln 32
Cash and savingsLn 1–2$307K
Total assetsLn 16$597K
LiabilitiesLn 26$500K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$73K
Gains on assetsLn 7$0
Total revenueLn 12$73K
Assets in detailPt X, end of year
CashLn 1$307K
SavingsLn 2$0
Cash and savings togetherLn 1–2$307K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$597K
LiabilitiesLn 26$500K
Net assetsLn 32$97K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$208K$307K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$494K$597K
LiabilitiesLn 26$350K$500K
Net assetsLn 32$144K$97K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
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$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$115K$115K$699
Total functional expensesLn 25$120K$115K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $124K$305K−$181K−$87K 990 PDF
FY2023 $152K$154K−$2K$95K 990 PDF
FY2022 Viewing $73K$120K−$47K$97K 990 PDF
FY2021 $30K$111K−$81K$144K 990 PDF
FY2020 $340K$332K$8K$225K 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 FY2022 990 (6 parts)
Part I · Summary $72,750 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $30,142$72,750
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $30,142$72,750
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,772$120,010
I-18 Total expensesPrior year $110,772$120,010
I-19 Revenue less expensesPrior year −$80,630−$47,260
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $72,750 across 8 lines filed
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 $72,750$72,750
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $72,750$72,750
Part IX · Statement of functional expenses $120,010 across 30 lines filed
IX-1 Grants to domestic organizations$0
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 persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,757$2,757
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
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 amortization$0
IX-23 InsuranceManagement $1,792$1,792
IX-24 Other expenses (24a–d)Programs $114,762 · Management $699$115,461
IX-25 Total functional expensesPrograms $114,762 · Management $5,248 · Fundraising $0$120,010
Part X · Balance sheet $596,641 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $207,530$307,420
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 $10,860$13,610
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$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 $275,611$275,611
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $494,001$596,641
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
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 $350,100$500,000
X-26 Total liabilitiesStart of year $350,100$500,000
X-32 Total net assets or fund balancesStart of year $143,901$96,641
X-33 Total liabilities and net assetsStart of year $494,001$596,641
Part XI · Reconciliation of net assets $96,641 net assets at year end
XI-1 Total revenue$72,750
XI-2 Total expenses$120,010
XI-3 Revenue less expenses−$47,260
XI-4 Net assets at start of year$143,901
XI-10 Net assets at end of year$96,641

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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