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Project 120 Chicago FY2020 filing

Chicago, ILUnknown exempt organizationEIN 46-3328527

To support the development of historic jackson park into one of the most extraordinary urban parks in the nation where visitors can explore and experience science, nature, and humanity.

29¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $21K a year · 413% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$625K
482% of total assets
Concern: liabilities are 482% 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
$10K
Spent
$30K
To programs
29%
Net assets
−$495K
By yearFY2020–FY2021
Revenue
$10K
FY2020
Revenue by fiscal year
FY2020$10K
FY2021$50
Expenses
$30K
FY2020
Expenses by fiscal year
FY2020$30K
FY2021$22K
Net assets
−$495K
FY2020
Net assets by fiscal year
FY2020−$495K
FY2021−$517K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2021 — 5 yrs
Legal name (IRS)Hdr · item CProject 120 Chicago
EINHdr · item D46-3328527
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.project120chicago.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.29 Management & general $0.11 Fundraising $0.60
Program services29%$9K
Management & general11%$3K
Fundraising60%$18K
Total functional expensesLn 25$30K

Finances

Money in and out, what it owns and owes

Surplus or deficit
-200%
as % of revenue, this year
Program spending
29%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$130K
FY2020
Total assets by fiscal year
FY2020$130K
FY2021$108K
Total liabilities
$625K
FY2020
Total liabilities by fiscal year
FY2020$625K
FY2021$625K
Revenue less expensesPt I · Ln 19−$20K
Total assetsPt X · Ln 16$130K
Spent on programsPt IX · col B29%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$130K
Total liabilitiesLn 26$625K
Total net assetsLn 32−$495K
Months of cash on handcomputed1.7

Statement of Revenue

Part VIII
Contributions & grants100%$10K
Total revenueLn 12$10K

Money in detail

Form 990 · FY2020 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $4K · Operating expenses/yr $30K
1.7 months
Where the money goes
Program services
Program services $9K · Total expenses $30K
29%
Management & General
Management & general $3K · Total expenses $30K
11%
Fundraising
Fundraising $18K · Total expenses $30K
60%
Cost to raise $1
Fundraising expense $18K · Solicited contributions $10K
$1.79 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $10K
100%
Government reliance
Government grants — · Total revenue $10K
—
Earned-income share
Program service revenue $0 · Total revenue $10K
0%
Investment reliance
Investment income $0 · Total revenue $10K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $30K
0%
Growth & trend
Revenue change from last year
This year $10K · Prior year —
No prior year on file
Net assets change over the year
End of year −$495K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $10K · Expenses $30K
-200%
Debts compared to what it owns
Total liabilities — · Total assets $130K
—
Net assets compared to what it owns
Net assets −$495K · Total assets $130K
-382%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $130K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert W Karr JR · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $30K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $30K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 29%——
Spent on management, % of spending 11%——
Fundraising cost, % of gifts 179%——
Accounting fees, % of spending 10%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Dayne Kono
Secretary
$0Pt VII · Sec A
Suzanne Kopp-Moskow
Executive Vice President
$0Pt VII · Sec A
See Project 120 Chicago executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Improves historic Jackson Park into an extraordinary urban park for science, nature, and humanity.

Provided by the organization

This section is blank until Project 120 Chicago claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $9K of program spending, described in the organization's own filed words · FY2020.
01

Planning stage of the development of historic jackson park into one of the most extraordinary urban parks in the nation where visitors can explore and experience science, nature, and humanity.

$9Kprogram 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 · funders on record
Grants received · FY2019
Jewish Federation of Metropolitan ChicagoFY2019$36K
Total grants receivedfrom 1 funder$36K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2021 Latest $50$22K-100% 990 PDF
FY2020 Viewing $10K$30K 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

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $10,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$10,000
VIII-1h Total contributions, gifts and grants$10,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$10,000
Part IX · Statement of functional expenses $29,959 across 5 lines filed
IX-11c Accounting feesManagement $2,913$2,913
IX-11g Other fees for servicesPrograms $8,612$8,612
IX-13 Office expensesManagement $30$30
IX-22 Depreciation, depletion and amortizationFundraising $17,936$17,936
IX-23 InsuranceManagement $468$468
IX-25 Total functional expensesPrograms $8,612 · Management $3,411 · Fundraising $17,936$29,959
Part X · Balance sheet $129,792 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $6,262$4,240
X-10c Land, buildings and equipment, netStart of year $143,488$125,552
X-16 Total assetsStart of year $149,750$129,792
X-17 Accounts payable and accrued expensesStart of year $625,277$625,277
X-26 Total liabilitiesStart of year $625,277$625,277
X-27 Net assets without donor restrictionsStart of year −$475,527−$495,485
X-32 Total net assets or fund balancesStart of year −$475,527−$495,485
X-33 Total liabilities and net assetsStart of year $149,750$129,792
Part XI · Reconciliation of net assets −$495,485 net assets at year end
XI-1 Total revenue$10,000
XI-2 Total expenses$29,959
XI-3 Revenue less expenses−$19,959
XI-4 Net assets at start of year−$475,527
XI-10 Net assets at end of year−$495,485

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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