Center for Gifted FY2021 filing

Elmhurst, ILUnknown exempt organizationEIN 36-4059122Revenue $275K in FY2021

On file with the IRSthecenterforgifted.org533 W North Avenue Suite 30 · Elmhurst, IL

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The Center for Gifted offers an innovative and unique approach to education providing superb opportunities for young people to explore diverse subjects in a creative challenging environment.

97¢ of each $1 spent went to programs.
$83K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $21K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$76K
×56 of total assets
Concern: liabilities are 5600% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$275K
Spent
$326K
To programs
97%
Net assets
−$74K
By yearFY2021–FY2022
Revenue
$275K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$275K
FY2022$301K
Expenses
$326K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$326K
FY2022$291K
Net assets
−$74K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$74K
FY2022−$65K

From the FY2021 Form 990 (year ending January 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Exemption reinstated (2018-06-15). Per the IRS revocation list. Latest filing on record: FY2022.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $315K Management & general 3% · $11K

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

4 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Associate Director
$50,470Pt VII · Sec A
Associate Director
$24,000Pt VII · Sec A
Director
$5,000Pt VII · Sec A
Associate Director
$4,000Pt 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.

See Center for Gifted 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
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Provides creative, challenging educational opportunities for gifted young people.

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Provided by the organization

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1 program · $308K · in their own filed words · FY2020
01

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

$308Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$275K
Ln 12
Gifts and grantsLn 1h$147K
Fees for servicesLn 2g$128K
Money outPt IX
$326K
Ln 25
Programscol B$315K
Managementcol C$11K
Owns and owesPt X
−$74K
net assets · Ln 32
Cash and savingsLn 1–2−$6K
Total assetsLn 16$1K
LiabilitiesLn 26$76K
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$147K
Government grantsLn 1e$69K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$128K
Total revenueLn 12$275K
Assets in detailPt X, end of year
CashLn 1−$6K
SavingsLn 2$0
Cash and savings togetherLn 1–2−$6K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$5K
Total assetsLn 16$1K
LiabilitiesLn 26$76K
Net assetsLn 32−$74K
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
Fiscal year endsHeaderJanuary
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 FY21End FY21
Cash and savingsLn 1–2−$7K−$6K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16−$1K$1K
LiabilitiesLn 26$22K$76K
Net assetsLn 32−$23K−$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$157K$157K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$73K$73K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$18K$18K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$38$0$38$0
Accounting feesLn 11c$750$0$750$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$4K$4K$0$0
Office expensesLn 13$20K$17K$4K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$36K$36K$0$0
TravelLn 17$0$0$0$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−$972−$972$0$0
Other expenses (24a–d)Ln 24$18K$12K$7K$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$326K$315K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $301K$291K$10K−$65K 990 PDF
FY2021 Viewing $275K$326K−$51K−$74K 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 FY2021 990 (6 parts)
Part I · Summary $275,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $61,509$146,811
I-9 Program service revenuePrior year $334,460$128,318
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $395,969$275,129
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 $336,434$247,689
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $158,126$78,446
I-18 Total expensesPrior year $494,560$326,135
I-19 Revenue less expensesPrior year −$98,591−$51,006
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 $275,129 across 14 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$68,945
VIII-1f All other contributions, gifts and grants$77,866
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$146,811
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,318 · Unrelated business $0 · Excluded from tax $0$128,318
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-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $128,318 · Unrelated business $0 · Excluded from tax $0$275,129
Part IX · Statement of functional expenses $326,135 across 27 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $156,540 · Management $0 · Fundraising $0$156,540
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $73,221 · Management $0 · Fundraising $0$73,221
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $17,928 · Management $0 · Fundraising $0$17,928
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $38 · Fundraising $0$38
IX-11c Accounting feesPrograms $0 · Management $750 · Fundraising $0$750
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 $3,594 · Management $0 · Fundraising $0$3,594
IX-13 Office expensesPrograms $16,558 · Management $3,679 · Fundraising $0$20,237
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $36,466 · Management $0 · Fundraising $0$36,466
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
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 −$972 · Management $0 · Fundraising $0−$972
IX-24 Other expenses (24a–d)Programs $11,520 · Management $6,813 · Fundraising $0$18,333
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $314,855 · Management $11,280 · Fundraising $0$326,135
Part X · Balance sheet $1,391 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year −$6,769−$5,867
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-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 $2,383$2,383
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 $3,375$4,875
X-16 Total assetsStart of year −$1,011$1,391
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 $28,179$14,866
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 $0$0
X-26 Total liabilitiesStart of year $22,458$75,866
X-27 Net assets without donor restrictionsStart of year −$23,469−$74,475
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$23,469−$74,475
X-33 Total liabilities and net assetsStart of year −$1,011$1,391
Part XI · Reconciliation of net assets −$74,475 net assets at year end
XI-1 Total revenue$275,129
XI-2 Total expenses$326,135
XI-3 Revenue less expenses−$51,006
XI-4 Net assets at start of year−$23,469
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−$74,475

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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