Chicago Pre-College Science and Engineering Program EIN 33-1196025 Form 990 (PDF) Claim this org

Chicago Pre-College Science and Engineering Program FY2022 filing

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Prepares Black and Latino children for science and math careers. For fiscal year 2022 it reported $394K in revenue, $376K in expenses, and $-14K in net assets.Pt I

Type
Higher education institution · Education
Location
Chicago, IL
Website
chiprep.org
Filings
4 on file (2021–2022)
Revenue
$394KFY2022
Expenses
$376K
Net assets
$-14K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  33-1196025 Higher education institution Chicago, IL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Prepares Black and Latino children for science and math careers.
Leadership
Kenneth Hill · President and CEO · $47K
Money in and out
$394K revenue, $376K expenses
Bottom line
+5% operating surplus
Financial scale & money flow · FY2022
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$376K
Pt IX · Ln 25
Net assets
$-14K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Operating surplus
+5%
revenue over expenses, this legal entity
Payroll share
15%
of this entity's spending is salaries & benefits
Program spending
86%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$394K
FY2022▲ +45%
Expenses
$376K
FY2022▲ +22%
Total assets
$61K
FY2022▲ +43%
Total liabilities
$75K
FY20220%
Total revenue
$394K
Pt VIII · Ln 12
Total expenses
$376K
Pt IX · Ln 25
Net assets
$-14K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$61K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $322K of program spending, described in the organization's own filed words · FY2022.
01

To prepare children from underrepresented groups, African American and Latino, for careers in science and mathematics.

$322Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChicago Pre-College Science and Engineering Program
EINHdr · item D33-1196025
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jchiprep.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFJul 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and CEO
$46,852Pt VII · Sec A
Board Chair
$0Pt 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
$0Pt VII · Sec A

Kenneth Hill’s $38K as President and CEO is at the 29th percentile of top reported officer pay among 1616 $100K–1M education 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

NameFY2024FY2023FY2022FY2021
Kenneth Hill$38,240$40,900$46,852$50,000

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 & grants100%$394K
Investment income$5
Total revenueLn 12$394K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$322K
Management & general14%$54K
Total functional expensesLn 25$376K

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$61K
Total liabilitiesLn 26$75K
Total net assetsLn 32$-14K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses (Pt IX) $376K · Less non-cash grants $52K · Cash operating expenses/yr $324K
2.3 months
Where the money goes
Program services
Program services $322K · Total expenses $376K
86%
Management & General
Management & general $54K · Total expenses $376K
14%
Fundraising
Fundraising $0 · Total expenses $376K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $334K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $394K · Total revenue $394K
100%
Government reliance
Government grants $0 · Total revenue $394K
0%
Earned-income share
Program service revenue $0 · Total revenue $394K
0%
Investment reliance
Investment income $5 · Total revenue $394K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $376K
0%
Growth & trend
Revenue growth (YoY)
This year $394K · Prior year $273K
+45%
Net-asset trend (YoY)
End of year $-14K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $394K · Expenses $376K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $61K
Net-asset ratio
Net assets $-14K · Total assets $61K
-22%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $61K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth Hill · Reported title President and CEO · Highest reported compensation $47K · Total expenses $376K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $56K · Total expenses $376K
15%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 45%
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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$45K

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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
FY2024 (Latest)$226K revenue · ⤓ 990 PDF
FY2023$281K revenue · ⤓ 990 PDF
FY2022$394K revenue · viewing · ⤓ 990 PDF
FY2021$273K 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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