Onechicagofund FY2023 filing

Chicago, ILUnknown exempt organizationEIN 45-4661737

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86¢ of each $1 spent went to programs.
$301K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$301K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
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
$6K
4% of total assets
Looks good: liabilities are 4% 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
$194K
-73% vs prior year
Spent
$911K
To programs
86%
Net assets
$163K
By yearFY2020–FY2024
Revenue
$194K
FY2023▼ -73%
Revenue by fiscal year
FY2020$2.2M
FY2021$1.8M
FY2022$707K
FY2023$194K
FY2024$0
Expenses
$911K
FY2023▼ -43%
Expenses by fiscal year
FY2020$1.5M
FY2021$1.1M
FY2022$1.6M
FY2023$911K
FY2024$163K
Net assets
$163K
FY2023▼ -81%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.8M
FY2022$880K
FY2023$163K
FY2024$0

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

86 cents of each dollar spent went to programs.

Program services 86% · $784K Management & general 14% · $127K

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; $301K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Communications
$137,965Pt VII · Sec A
President and Director
$110,752Pt VII · Sec A
Vice President and Director
$52,000Pt 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.

Provided by the organization

This section is blank until Onechicagofund claims this page.

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1 program service account for $784K of program spending, described in the organization's own filed words · FY2023.
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.

$784Kprogram expense

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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 FY2023 990, line by line.

1The main four
Money inPt VIII
$194K
Ln 12
Gifts and grantsLn 1h$194K
Money outPt IX
$911K
Ln 25
Programscol B$784K
Managementcol C$127K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$169K
LiabilitiesLn 26$6K
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$194K
Total revenueLn 12$194K
Assets in detailPt X, end of year
CashLn 1$159K
Cash and savings togetherLn 1–2$159K
Total assetsLn 16$169K
LiabilitiesLn 26$6K
Net assetsLn 32$163K
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 FY23End FY23
Cash and savingsLn 1–2$873K$159K
Total assetsLn 16$887K$169K
LiabilitiesLn 26$7K$6K
Net assetsLn 32$880K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$184K$184K
Pay of current officers, directors and key staffLn 5$180K$139K$41K
Other salaries and wagesLn 7$156K$141K$15K
Payroll taxesLn 10$32K$24K$8K
Legal feesLn 11b$15K$12K$3K
Accounting feesLn 11c$48K$48K
Office expensesLn 13$8K$1K$7K
Information technologyLn 14$16K$15K$530
OccupancyLn 16$27K$27K
TravelLn 17$8K$8K$45
Conferences, conventions and meetingsLn 19$59K$59K
InsuranceLn 23$18K$14K$4K
Other expenses (24a–d)Ln 24$160K$160K
Total functional expensesLn 25$911K$784K$127K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$163K−$163K$0 990 PDF
FY2023 Viewing $194K$911K−$717K$163K 990 PDF
FY2022 $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $194,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$194,000
VIII-1h Total contributions, gifts and grants$194,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$194,000
Part IX · Statement of functional expenses $910,750 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $184,028$184,028
IX-5 Pay of current officers, directors and key staffPrograms $138,674 · Management $40,861$179,535
IX-7 Other salaries and wagesPrograms $140,923 · Management $15,475$156,398
IX-10 Payroll taxesPrograms $24,194 · Management $7,742$31,936
IX-11b Legal feesPrograms $11,772 · Management $2,943$14,715
IX-11c Accounting feesManagement $47,597$47,597
IX-13 Office expensesPrograms $1,197 · Management $7,163$8,360
IX-14 Information technologyPrograms $15,480 · Management $530$16,010
IX-16 OccupancyPrograms $27,225$27,225
IX-17 TravelPrograms $7,813 · Management $45$7,858
IX-19 Conferences, conventions and meetingsPrograms $58,973$58,973
IX-23 InsurancePrograms $14,007 · Management $4,483$18,490
IX-24 Other expenses (24a–d)Programs $159,625$159,625
IX-25 Total functional expensesPrograms $783,911 · Management $126,839 · Fundraising $0$910,750
Part X · Balance sheet $169,294 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $873,022$159,135
X-3 Pledges and grants receivableStart of year $64$0
X-9 Prepaid expenses and deferred chargesStart of year $13,580$10,159
X-16 Total assetsStart of year $886,666$169,294
X-17 Accounts payable and accrued expensesStart of year $7,111$6,489
X-26 Total liabilitiesStart of year $7,111$6,489
X-27 Net assets without donor restrictionsStart of year $741,967−$1,219,195
X-28 Net assets with donor restrictionsStart of year $137,588$1,382,000
X-32 Total net assets or fund balancesStart of year $879,555$162,805
X-33 Total liabilities and net assetsStart of year $886,666$169,294
Part XI · Reconciliation of net assets $162,805 net assets at year end
XI-1 Total revenue$194,000
XI-2 Total expenses$910,750
XI-3 Revenue less expenses−$716,750
XI-4 Net assets at start of year$879,555
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$162,805

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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