Onechicagofund FY2022 filing

Chicago, ILUnknown exempt organization EIN 45-4661737Revenue $707K in FY2022

On file with the IRSonechi.org4044 N Lincoln Ave 261 · Chicago, IL

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90¢ of each $1 spent went to programs.
$494K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $83K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$494K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $212K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$707K
-60% vs prior year
Spent
$1.6M
To programs
90%
Net assets
$880K
By yearFY2020–FY2024
Revenue
$707K
FY2022▼ -60%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.8M
FY2022$707K
FY2023$194K
FY2024$0
Expenses
$1.6M
FY2022▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.1M
FY2022$1.6M
FY2023$911K
FY2024$163K
Net assets
$880K
FY2022▼ -50%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.8M
FY2022$880K
FY2023$163K
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.4M Management & general 10% · $160K

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

9 people listed on the 990; $494K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and Director
$186,235Pt VII · Sec A
Vice President and Director
$181,482Pt VII · Sec A
Director of Communications
$125,969Pt VII · Sec A
Chairperson and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treasurer and Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Sarah Pang$110,752$186,235$187,164$188,243
Lynn Lockwood$52,000$181,482$180,936$181,682
Katrina Waddy$137,965$125,969$112,618$107,886

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 Onechicagofund 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 15aYes

Programs and updates

Funds Chicago initiatives in affordable housing, public safety, urban conservation, education, and arts, supporting neighborhood improvements.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2022
01

The fund has focused its fundraising and grant making activities on the priorty areas of affordable housing, public safety, urban conservation and open space, education, arts, and culture, and supporting and amplifying the positive work of neighbors and neighborhoods.

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
See all 4 funders →
Grants paid · 31 grants · $1.3M · 2020–2024
B U I L D IncorporatedIL · FY2024$36,145
Chicago Architectural BiennialFY2024$35,000
B U I L D IncorporatedIL · FY2023$94,428
Chicago Architectural BiennialFY2023$80,000
Ella Flagg Young Elementary SchoolFY2023$9,600
City of ChicagoFY2022$191,959
Chicago Parks FoundationIL · FY2022$55,500
Build IncorporatedIL · FY2022$47,600
Phalanx Family ServicesIL · FY2022$11,500
Chi-RiseFY2022$11,500
The Baseball INCMA · FY2022$11,500
The Alliance 98IL · FY2022$11,500
Gary Comer Youth Center INCIL · FY2022$11,080
See all 31 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$707K
Ln 12
Gifts and grantsLn 1h$707K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$160K
Owns and owesPt X
$880K
net assets · Ln 32
Cash and savingsLn 1–2$873K
Total assetsLn 16$887K
LiabilitiesLn 26$7K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$707K
Total revenueLn 12$707K
Assets in detailPt X, end of year
CashLn 1$873K
Cash and savings togetherLn 1–2$873K
Total assetsLn 16$887K
LiabilitiesLn 26$7K
Net assetsLn 32$880K
OperationsPt I, VI
EmployeesI 53
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$730K$873K
Total assetsLn 16$1.8M$887K
LiabilitiesLn 26$6K$7K
Net assetsLn 32$1.8M$880K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$483K$483K
Pay of current officers, directors and key staffLn 5$433K$358K$75K
Other salaries and wagesLn 7$149K$136K$13K
Other employee benefitsLn 9$5K$4K$479
Payroll taxesLn 10$35K$29K$5K
Legal feesLn 11b$19K$9K$10K
Accounting feesLn 11c$36K$4K$32K
Other fees for servicesLn 11g$65K$65K
Office expensesLn 13$20K$299$20K
Information technologyLn 14$13K$13K
OccupancyLn 16$23K$23K
TravelLn 17$13K$11K$2K
Conferences, conventions and meetingsLn 19$106K$106K
InsuranceLn 23$19K$16K$3K
Other expenses (24a–d)Ln 24$174K$174K
Total functional expensesLn 25$1.6M$1.4M$160K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$163K−$163K$0 990 PDF
FY2023 $194K$911K−$717K$163K 990 PDF
FY2022 Viewing $707K$1.6M−$886K$880K 990 PDF
FY2021 $1.8M$1.1M$653K$1.8M 990 PDF
FY2020 $2.2M$1.5M$695K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $707,034 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,765,000$707,034
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,765,000$707,034
I-13 Grants and similar amounts paidPrior year $251,500$482,835
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $585,356$621,565
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $275,482$488,534
I-18 Total expensesPrior year $1,112,338$1,592,934
I-19 Revenue less expensesPrior year $652,662−$885,900
Part VI · Governance 6 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $707,034 across 3 lines filed
VIII-1f All other contributions, gifts and grants$707,034
VIII-1h Total contributions, gifts and grants$707,034
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$707,034
Part IX · Statement of functional expenses $1,592,934 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $482,835$482,835
IX-5 Pay of current officers, directors and key staffPrograms $357,698 · Management $75,115$432,813
IX-7 Other salaries and wagesPrograms $136,300 · Management $13,127$149,427
IX-9 Other employee benefitsPrograms $4,308 · Management $479$4,787
IX-10 Payroll taxesPrograms $29,294 · Management $5,244$34,538
IX-11b Legal feesPrograms $8,756 · Management $9,787$18,543
IX-11c Accounting feesPrograms $4,500 · Management $31,974$36,474
IX-11g Other fees for servicesPrograms $64,650$64,650
IX-13 Office expensesPrograms $299 · Management $19,804$20,103
IX-14 Information technologyPrograms $12,909$12,909
IX-16 OccupancyPrograms $23,202$23,202
IX-17 TravelPrograms $11,198 · Management $1,665$12,863
IX-19 Conferences, conventions and meetingsPrograms $106,461$106,461
IX-23 InsurancePrograms $16,486 · Management $2,951$19,437
IX-24 Other expenses (24a–d)Programs $173,892$173,892
IX-25 Total functional expensesPrograms $1,432,788 · Management $160,146 · Fundraising $0$1,592,934
Part X · Balance sheet $886,666 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $730,085$873,022
X-3 Pledges and grants receivableStart of year $1,025,000$64
X-9 Prepaid expenses and deferred chargesStart of year $16,441$13,580
X-16 Total assetsStart of year $1,771,526$886,666
X-17 Accounts payable and accrued expensesStart of year $6,071$7,111
X-26 Total liabilitiesStart of year $6,071$7,111
X-27 Net assets without donor restrictionsStart of year $457,667$741,967
X-28 Net assets with donor restrictionsStart of year $1,307,788$137,588
X-32 Total net assets or fund balancesStart of year $1,765,455$879,555
X-33 Total liabilities and net assetsStart of year $1,771,526$886,666
Part XI · Reconciliation of net assets $879,555 net assets at year end
XI-1 Total revenue$707,034
XI-2 Total expenses$1,592,934
XI-3 Revenue less expenses−$885,900
XI-4 Net assets at start of year$1,765,455
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$879,555

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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