Center for Gifted

Elmhurst, IL · Unknown exempt organization

Revenue
$301K
+9% vs prior year
Spent
$291K
To programs
99%
Net assets
−$65K
By yearFY2021–FY2022
Revenue
$301K
FY2022▲ +9%
Revenue by fiscal year
FY2021$275K
FY2022$301K
Expenses
$291K
FY2022▼ -11%
Expenses by fiscal year
FY2021$326K
FY2022$291K
Net assets
−$65K
FY2022▲ +13%
Net assets by fiscal year
FY2021−$74K
FY2022−$65K

From the FY2022 Form 990 (year ending January 2022) · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
Yes — exemption reinstated (2018-06-15)
Per the IRS revocation list.
Filing up to date?
No filing since FY2022 — 5 yrs
Legal name (IRS)Hdr · item CCenter for Gifted
EINHdr · item D36-4059122
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CElmhurst, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.thecenterforgifted.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$288K
Management & general1%$3K
Total functional expensesLn 25$291K

Financial health

Is it on solid ground?

Surplus margin
+3%
revenue over expenses, this year▲ +118% vs prior filing year
Program spending
99%
of expenses reach programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
−$3K
FY2022▼ -290%
Total assets by fiscal year
FY2021$1K
FY2022−$3K
Total liabilities
$62K
FY2022▼ -18%
Total liabilities by fiscal year
FY2021$76K
FY2022$62K
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16−$3K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1−$6K
Total assetsLn 16−$3K
Total liabilitiesLn 26$62K
Total net assetsLn 32−$65K
Months of cash on handcomputed-0.3

Statement of Revenue

Part VIII
Program service revenue$167K · 55%
Contributions & grants$134K · 45%
Program service revenue55%$167K
Contributions & grants45%$134K
— government grantsLn 1e$69K
Total revenueLn 12$301K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves −$6K · Operating expenses/yr $291K
-0.3 months
Where the money goes
Program services
Program services $288K · Total expenses $291K
99%
Management & General
Management & general $3K · Total expenses $291K
1%
Fundraising
Fundraising $0 · Total expenses $291K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $72K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $134K · Total revenue $301K
45%
Government reliance
Government grants $69K · Total revenue $301K
23%
Earned-income share
Program service revenue $167K · Total revenue $301K
55%
Investment reliance
Investment income $0 · Total revenue $301K
0%
Program self-sufficiency
Program service revenue $167K · Total expenses $291K
57%
Growth & trend
Revenue growth (YoY)
This year $301K · Prior year $275K
+9%
Net-asset trend (YoY)
End of year −$65K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $301K · Expenses $291K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets −$3K
—
Net-asset ratio
Net assets −$65K · Total assets −$3K
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) −$3K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jennifer Rinne · Reported title Associate Director · Highest reported compensation $50K · Total expenses $291K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $234K · Total expenses $291K
81%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Fundraising cost ratio 0%——
Revenue growth 9%——
Investment management fee ratio -0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Associate Director
$50,470Pt VII · Sec A
Associate Director
$11,000Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2022FY2021
Jennifer Rinne$50,470$50,470
Michael Gorelick—$24,000
Maria Freeman$11,000$4,000
Joan Smutny—$5,000

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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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides creative, challenging educational opportunities for gifted young people.

Provided by the organization

This section is blank until Center for Gifted claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $288K of program spending, described in the organization's own filed words · FY2021.
01

The organization serves children who express the capacity for high performance in diverse areas of intelligence.

$288Kprogram expense

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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 · FY2020
Total grants receivedfrom 1 funder$10K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest Viewing $301K$291K+9% 990 PDF
FY2021 $275K$326K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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