Devcorp North FY2020 filing

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To improve the community through business and economic development activities.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3357551) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
28¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $273K a year · 23% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
28%
of spending
28% of spending went to programs.
Pt IX · Ln 25 · col B
8.7 mo
of spending, in cash
8.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $236K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$384K
44% of total assets
Liabilities are 44% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$664K
Spent
$575K
To programs
28%
Net assets
$490K
By yearFY2020–FY2024
Revenue
$664K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$664K
FY2021$1.3M
FY2022$950K
FY2023$1.4M
FY2024$1.7M
Expenses
$575K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$575K
FY2021$721K
FY2022$935K
FY2023$1.1M
FY2024$1.4M
Net assets
$490K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$490K
FY2021$1.1M
FY2022$1.1M
FY2023$1.4M
FY2024$1.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 Nov 1985.

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

Where the money goes

28 cents of each dollar spent went to programs.

Program services 28% · $163K Management & general 35% · $204K Fundraising 36% · $208K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Sandi Price$137,180$107,650$114,538

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.

See Devcorp North 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 15aYes

Programs and updates

Promotes community growth by supporting and marketing local businesses through membership services, networking events, and economic development initiatives.

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2 programs · $163K · in their own filed words · FY2020
01

Special Service Areas, managed on behalf of the City of Chicago

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3357551) · Dispute this line
$100Kprogram expense
02

To improve the business and economic climate of Rogers Park through business, community and economic development, festivals and events.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3357551) · Dispute this line
$63Kprogram 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 · FY2024
See all 5 funders →
Grants paid · 46 grants · $483K · 2024–2024
Unitemized GrantFY2024$33,112
Zupperia INCFY2024$10,000
Walter RodgersFY2024$10,000
The Words Lines & Pictures CoFY2024$10,000
Taste Food and WineFY2024$10,000
Tamales Lo Mejor De GuerreroFY2024$10,000
South of the Border RestauranFY2024$10,000
Samanta INCFY2024$10,000
Rogers WingFY2024$10,000
Rogers Park Provisions LLCFY2024$10,000
Pure Brite Facility ServicesFY2024$10,000
Picnic Wine & Provisions LLCFY2024$10,000
Panaderia Ayutla CorporationFY2024$10,000
P&j FootwearFY2024$10,000
Okyung KwonFY2024$10,000
Nansaimaa GelenkhuuFY2024$10,000
Modern Food MartFY2024$10,000
Mj Hair Salon INCFY2024$10,000
See all 46 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$664K
Ln 12
Fees for servicesLn 2g$416K
Gifts and grantsLn 1h$247K
Investment incomeLn 3$1K
Money outPt IX
$575K
Ln 25
Programscol B$163K
Managementcol C$204K
Fundraisingcol D$208K
Owns and owesPt X
$490K
net assets · Ln 32
Cash and savingsLn 1–2$419K
Total assetsLn 16$874K
LiabilitiesLn 26$384K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Fees for servicesLn 2g$416K
Investment incomeLn 3$1K
Total revenueLn 12$664K
Assets in detailPt X, end of year
CashLn 1$419K
Cash and savings togetherLn 1–2$419K
Accounts receivableLn 4$134K
Prepaid expenses and deferred chargesLn 9$259
Land, buildings, equipmentLn 10c$296K
Other assetsLn 15$25K
Total assetsLn 16$874K
LiabilitiesLn 26$384K
Net assetsLn 32$490K
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$973K$419K
Land, buildings, equipmentLn 10c$308K$296K
Total assetsLn 16$2.6M$874K
LiabilitiesLn 26$1.6M$384K
Net assetsLn 32$955K$490K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$281K$70K$110K$101K
Other employee benefitsLn 9$55K$14K$22K$20K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$19K$14K$5K
Advertising and promotionLn 12$16K$4K$4K$8K
Office expensesLn 13$13K$13K
OccupancyLn 16$27K$22K$5K
TravelLn 17$48$48
Conferences, conventions and meetingsLn 19$5K$4K$704
InterestLn 20$14K$4K$5K$5K
Depreciation, depletion and amortizationLn 22$12K$8K$2K$1K
InsuranceLn 23$5K$2K$1K$2K
Other expenses (24a–d)Ln 24$88K$16K$6K$66K
All other expensesLn 24e$20K$5K$10K$5K
Total functional expensesLn 25$575K$163K$204K$208K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $1.7M$1.4M$386K$1.8M 990 PDF
FY2023Filed with the IRS Sep 27, 2024 $1.4M$1.1M$280K$1.4M 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $950K$935K$14K$1.1M 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $1.3M$721K$595K$1.1M 990 PDF
FY2020 ViewingFiled with the IRS Oct 23, 2021 $664K$575K$89K$490K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $664,439 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $193,109$247,248
I-9 Program service revenuePrior year $1,501,509$416,102
I-10 Investment incomePrior year $279$1,089
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,694,897$664,439
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 $217,514$336,626
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,432,206$238,372
I-18 Total expensesPrior year $1,649,720$574,998
I-19 Revenue less expensesPrior year $45,177$89,441
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $664,439 across 6 lines filed
Lines not itemized here account for $5,532 of total revenue; see the IRS return.
VIII-1b Membership dues$19,563
VIII-1f All other contributions, gifts and grants$227,685
VIII-1h Total contributions, gifts and grants$247,248
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $410,570$410,570
VIII-3 Investment incomeRelated to mission $1,089$1,089
VIII-12 Total revenueRelated to mission $417,191 · Unrelated business $0 · Excluded from tax $0$664,439
Part IX · Statement of functional expenses $574,998 across 14 lines filed
IX-7 Other salaries and wagesPrograms $70,371 · Management $109,779 · Fundraising $101,335$281,485
IX-9 Other employee benefitsPrograms $13,785 · Management $21,505 · Fundraising $19,851$55,141
IX-11c Accounting feesManagement $20,045$20,045
IX-11g Other fees for servicesPrograms $13,750 · Management $5,142$18,892
IX-12 Advertising and promotionPrograms $4,119 · Management $3,803 · Fundraising $7,922$15,844
IX-13 Office expensesManagement $12,578$12,578
IX-16 OccupancyPrograms $21,859 · Management $5,465$27,324
IX-17 TravelPrograms $48$48
IX-19 Conferences, conventions and meetingsPrograms $3,958 · Management $704$4,662
IX-20 InterestPrograms $3,949 · Management $5,077 · Fundraising $5,077$14,103
IX-22 Depreciation, depletion and amortizationPrograms $8,159 · Management $2,331 · Fundraising $1,166$11,656
IX-23 InsurancePrograms $1,834 · Management $1,158 · Fundraising $1,834$4,826
IX-24 Other expenses (24a–d)Programs $15,801 · Management $6,390 · Fundraising $66,211$88,402
IX-24e All other expensesPrograms $5,446 · Management $9,747 · Fundraising $4,799$19,992
IX-25 Total functional expensesPrograms $163,079 · Management $203,724 · Fundraising $208,195$574,998
Part X · Balance sheet $874,281 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $972,590$418,980
X-4 Accounts receivableStart of year $1,294,454$133,504
X-9 Prepaid expenses and deferred chargesStart of year $6,848$259
X-10c Land, buildings and equipment, netStart of year $307,771$296,116
X-15 Other assetsStart of year $150$25,422
X-16 Total assetsStart of year $2,581,813$874,281
X-17 Accounts payable and accrued expensesStart of year $115,754$37,302
X-19 Deferred revenueStart of year $1,278,028$0
X-23 Secured mortgages and notes payableStart of year $233,132$332,590
X-25 Other liabilitiesStart of year $0$14,332
X-26 Total liabilitiesStart of year $1,626,914$384,224
X-27 Net assets without donor restrictionsStart of year $954,899$490,057
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $954,899$490,057
X-33 Total liabilities and net assetsStart of year $2,581,813$874,281
Part XI · Reconciliation of net assets $490,057 net assets at year end
XI-1 Total revenue$664,439
XI-2 Total expenses$574,998
XI-3 Revenue less expenses$89,441
XI-4 Net assets at start of year$954,899
XI-8 Prior period adjustments−$554,283
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$490,057

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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