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Asm Qalicb INC FY2021 filing

Chicago, ILUnknown exempt organizationSince 2017EIN 37-1844801Revenue $314K in FY2021

On file with the IRSafterschoolmatters.org66 E Randolph Street 4th Floor · Chicago, IL

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Asm Qalicb, INC. Holds title to the lutz center in support of after school matters' (Asm) mission of providing chicago public high school teens opportunities to explore and develop their talents, while gaining critical skills for work, college and beyond. The lutz family center is a key component of asm's mission. Asm Qalicb, INC. Leases the lutz center to Asm which operates the property.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $113K a year · 55% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
20 mo
of spending, in cash
Looks good: 20.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.6M
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$314K
+124% vs prior year
Spent
$334K
Net assets
−$86K
By yearFY2020–FY2025
Revenue
$314K
FY2021▲ +124%
Tap a bar for its year
Revenue by fiscal year
FY2020$140K
FY2021$314K
FY2022$314K
FY2023$314K
FY2024$139K
FY2025$0
Expenses
$334K
FY2021+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$332K
FY2021$334K
FY2022$333K
FY2023$334K
FY2024$565K
FY2025$0
Net assets
−$86K
FY2021▲ +89%
Tap a bar for its year
Net assets by fiscal year
FY2020−$748K
FY2021−$86K
FY2022−$104K
FY2023−$124K
FY2024$4.4M
FY2025$0

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

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Wislow
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Asm Qalicb INC 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

Programs and updates

Supports teens exploring talents and gaining skills for future success.

Questions for Asm Qalicb INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Asm qalicb, inc. Was formed in connection with the development, construction, and placing into service of a youth center in an underserved neighborhood in chicago, illinois. Asm qalicb, inc.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$314K
Ln 12
Fees for servicesLn 2g$314K
Money outPt IX
$334K
Ln 25
Owns and owesPt X
−$86K
net assets · Ln 32
Cash and savingsLn 1–2$557K
Total assetsLn 16$10.5M
LiabilitiesLn 26$10.6M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$314K
Total revenueLn 12$314K
Assets in detailPt X, end of year
CashLn 1$557K
Cash and savings togetherLn 1–2$557K
Land, buildings, equipmentLn 10c$9.1M
Total assetsLn 16$10.5M
LiabilitiesLn 26$10.6M
Net assetsLn 32−$86K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$490K$557K
Land, buildings, equipmentLn 10c$9.3M$9.1M
Total assetsLn 16$9.8M$10.5M
LiabilitiesLn 26$10.6M$10.6M
Net assetsLn 32−$748K−$86K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$88K
Depreciation, depletion and amortizationLn 22$245K
Total functional expensesLn 25$334K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$0$0$0 990 PDF
FY2024 $139K$565K−$426K$4.4M 990 PDF
FY2023 $314K$334K−$20K−$124K 990 PDF
FY2022 $314K$333K−$18K−$104K 990 PDF
FY2021 Viewing $314K$334K−$19K−$86K 990 PDF
FY2020 $140K$332K−$192K−$748K 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 $314,287 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $140,000$314,287
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $140,000$314,287
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $332,262$333,543
I-18 Total expensesPrior year $332,262$333,543
I-19 Revenue less expensesPrior year −$192,262−$19,256
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $314,287 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $314,287$314,287
VIII-12 Total revenueRelated to mission $314,287 · Unrelated business $0 · Excluded from tax $0$314,287
Part IX · Statement of functional expenses $333,543 across 2 lines filed
IX-20 Interest$88,307
IX-22 Depreciation, depletion and amortization$245,236
IX-25 Total functional expenses$333,543
Part X · Balance sheet $10,523,588 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $490,411$556,668
X-4 Accounts receivableStart of year $13,500$887,854
X-10c Land, buildings and equipment, netStart of year $9,311,235$9,079,066
X-16 Total assetsStart of year $9,815,146$10,523,588
X-17 Accounts payable and accrued expensesStart of year $6,766$6,766
X-25 Other liabilitiesStart of year $4,744,670$4,783,688
X-26 Total liabilitiesStart of year $10,563,514$10,609,646
X-27 Net assets without donor restrictionsStart of year −$748,368−$86,058
X-32 Total net assets or fund balancesStart of year −$748,368−$86,058
X-33 Total liabilities and net assetsStart of year $9,815,146$10,523,588
Part XI · Reconciliation of net assets −$86,058 net assets at year end
XI-1 Total revenue$314,287
XI-2 Total expenses$333,543
XI-3 Revenue less expenses−$19,256
XI-4 Net assets at start of year−$748,368
XI-8 Prior period adjustments$681,566
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$86,058

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

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