Catapult Chicago

Chicago, ILUnknown exempt organizationEIN 45-3592682

Support technology start ups via low cost office space. Final year of operation is 2020.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$284K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
Spent
$404K
To programs
0%
Net assets
−$284K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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
President
$0Pt VII · Sec A
Traesurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Catapult Chicago 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

Programs and updates

Provided affordable office space for technology startups until 2020.

Provided by the organization

This section is blank until Catapult Chicago claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

Catapults efforts were limited during 2020 due to economic slow down related to covid 19 pandemic

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$368K
Ln 12
Fees for servicesLn 2g$261K
Gifts and grantsLn 1h$107K
Money outPt IX
$404K
Ln 25
Owns and owesPt X
−$284K
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$284K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$107K
Fees for servicesLn 2g$261K
Total revenueLn 12$368K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$284K
Net assetsLn 32−$284K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
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 FY20End FY20
Total assetsLn 16$95K$0
LiabilitiesLn 26$32K$284K
Net assetsLn 32$64K−$284K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K
Payroll taxesLn 10$11K
Accounting feesLn 11c$6K
Advertising and promotionLn 12$1K
Office expensesLn 13$8K
Information technologyLn 14$20K
OccupancyLn 16$218K
TravelLn 17$530
InterestLn 20$93
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$29K
Total functional expensesLn 25$404K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $368K$404K−$36K−$284K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $367,822 across 5 lines filed
VIII-1b Membership dues$11,150
VIII-1f All other contributions, gifts and grants$95,470
VIII-1h Total contributions, gifts and grants$106,620
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $261,202$261,202
VIII-12 Total revenueRelated to mission $261,202 · Unrelated business $0 · Excluded from tax $0$367,822
Part IX · Statement of functional expenses $403,696 across 11 lines filed
IX-7 Other salaries and wages$105,083
IX-10 Payroll taxes$11,059
IX-11c Accounting fees$5,701
IX-12 Advertising and promotion$1,336
IX-13 Office expenses$8,153
IX-14 Information technology$20,382
IX-16 Occupancy$218,202
IX-17 Travel$530
IX-20 Interest$93
IX-23 Insurance$3,802
IX-24 Other expenses (24a–d)$29,355
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$403,696
Part X · Balance sheet $0 assets, 8 lines filed
X-16 Total assetsStart of year $95,489$0
X-17 Accounts payable and accrued expensesStart of year $26,543$110,871
X-24 Unsecured notes and loans payable$172,655
X-26 Total liabilitiesStart of year $31,543$283,526
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $63,946−$283,526
X-33 Total liabilities and net assetsStart of year $95,489$0
Part XI · Reconciliation of net assets −$283,526 net assets at year end
XI-1 Total revenue$367,822
XI-2 Total expenses$403,696
XI-3 Revenue less expenses−$35,874
XI-4 Net assets at start of year$63,946
XI-9 Other changes in net assets−$311,598
XI-10 Net assets at end of year−$283,526

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

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