Common Ground Foundation INC EIN 36-4432972 Form 990 (PDF) Claim this org

Common Ground Foundation INC

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Empowers underserved high schoolers with leadership skills in diverse program areas. For fiscal year 2024 it reported $593K in revenue, $998K in expenses, and $321K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Chicago, IL
Website
www.commongroundfoundation.org
Filings
5 on file (2020–2024)
Revenue
$593KFY2024
Expenses
$998K
Net assets
$321K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-4432972 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers underserved high schoolers with leadership skills in diverse program areas.
Leadership
Karl Kemp · Executive Director · $160K
Money in and out
$593K revenue, $998K expenses
Bottom line
27% program efficiency
Where the money goes · FY2024
Total revenue
$593K
Pt VIII · Ln 12
Total expenses
$998K
Pt IX · Ln 25
Net assets
$321K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$406K
Where spending went · Part IX cols B–D
Program services $0.27 Management & general $0.73
Program efficiency
27%
of spending reaches programs▼ -45% vs prior filing year
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
-68%
revenue over expenses, this year▼ -12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$593K
FY2024▼ -34%
Expenses
$998K
FY2024▼ -31%
Total assets
$384K
FY2024▼ -50%
Total liabilities
$64K
FY2024▼ -3%
Total revenue
$593K
Pt VIII · Ln 12
Total expenses
$998K
Pt IX · Ln 25
Net assets
$321K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$406K
Total assetsPt X · Ln 16$384K
Program-expense ratioPt IX · col B27%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $268K of program spending, described in the organization's own filed words · FY2024.
01

To empower high school students from under-served communities to become future leaders. Our programs focus on character development, social impact, healthy living, technology, financial literacy, creative arts and global leadership.

$268Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommon Ground Foundation INC
EINHdr · item D36-4432972
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.commongroundfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O20)
Ruling yearIRS BMFSep 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$160,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022FY2021
Karl Kemp$160,000$40,000
Leslie Pappas$100,000

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 & grants$576K · 97%
Investment income$10K · 2%
Other revenue$7K · 1%
Contributions & grants97%$576K
Investment income2%$10K
Other revenue1%$7K
Total revenueLn 12$593K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.27 Management & general $0.73
Program services27%$268K
Management & general73%$731K
Total functional expensesLn 25$998K

Balance Sheet

Part X · end of year
CashLn 1$374K
Total assetsLn 16$384K
Total liabilitiesLn 26$64K
Total net assetsLn 32$321K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $374K · Operating expenses/yr $998K
4.5 months
Where the money goes
Program services
Program services $268K · Total expenses $998K
27%
Management & General
Management & general $731K · Total expenses $998K
73%
Fundraising
Fundraising $0 · Total expenses $998K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $74K · Solicited contributions (3-yr avg) $810K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $576K · Total revenue $593K
97%
Government reliance
Government grants — · Total revenue $593K
Earned-income share
Program service revenue $0 · Total revenue $593K
0%
Investment reliance
Investment income $10K · Total revenue $593K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $998K
0%
Growth & trend
Revenue growth (YoY)
This year $593K · Prior year $899K
-34%
Revenue CAGR
FY2020 $856K · FY2024 $593K
-9%
Net-asset trend (YoY)
End of year $321K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $593K · Expenses $998K
-68%
Liabilities-to-Assets
Total liabilities — · Total assets $384K
Net-asset ratio
Net assets $321K · Total assets $384K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $384K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karl Kemp · Reported title Executive Director · Highest reported compensation $160K · Total expenses $998K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $431K · Total expenses $998K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 27%
Overhead ratio 73%
Fundraising cost ratio 0%
Revenue growth -34%

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 3 funders$70K
See all 3 funders →

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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)$593K revenue · viewing · ⤓ 990 PDF
FY2023$899K revenue · ⤓ 990 PDF
FY2022$971K revenue · ⤓ 990 PDF
FY2021$908K revenue · ⤓ 990 PDF
FY2020$856K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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