Let IT Be US EIN 47-1237093 Form 990 (PDF) Claim this org

Let IT Be US FY2020 filing

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Recruits foster and adoptive parents in Illinois, helping children in care. For fiscal year 2020 it reported $851K in revenue, $424K in expenses, and $581K in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Human Services
Location
Barrington, IL
Website
www.letitbeus.org
Filings
5 on file (2020–2020)
Revenue
$851KFY2020
Expenses
$424K
Net assets
$581K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1237093 Public charity (501(c)(3)) Barrington, IL Founded 2014
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Recruits foster and adoptive parents in Illinois, helping children in care.
Leadership
Susan McConnell · Founder and Executive Dire · $70K
Money in and out
$851K revenue, $424K expenses
Bottom line
72% program efficiency
Where the money goes · FY2020
Total revenue
$851K
Pt VIII · Ln 12
Total expenses
$424K
Pt IX · Ln 25
Net assets
$581K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $427K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program efficiency
72%
of spending reaches programs
Operating runway
17.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+50%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$851K
FY2020
Expenses
$424K
FY2020
Total assets
$585K
FY2020
Total liabilities
$4K
FY2020
Total revenue
$851K
Pt VIII · Ln 12
Total expenses
$424K
Pt IX · Ln 25
Net assets
$581K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$427K
Total assetsPt X · Ln 16$585K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $111K of program spending, described in the organization's own filed words · FY2020.
01

In 2020 the organization held various recruitment events and participated in the state of illinois violence prevention program for which it received grant from state of illinois.

$60Kprogram expense
02

For 2020 the organization provided various coaching and other mentee support to children. Over 125 chrome books were distributed as part of the program.

$27Kprogram expense
03

The organization was able to provide coaching to potential foster parents to educate them and help them become licensed.

$23Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLet IT Be US
EINHdr · item D47-1237093
Principal addressHdr · item CBarrington, IL
WebsiteHdr · item Jwww.letitbeus.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P01)
Ruling yearIRS BMFDec 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder and Executive Dire
$70,312Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Susan McConnell’s $64K as Founder/Exec is at the 9th percentile of top reported officer pay among 3864 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan McConnell$64,500$94,013$89,500$71,313$70,312

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.

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Statement of Revenue

Part VIII
Contributions & grants$664K · 78%
Other revenue$185K · 22%
Contributions & grants78%$664K
Other revenue22%$185K
Investment income$2K
— government grantsLn 1e$92K
Total revenueLn 12$851K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program services72%$306K
Management & general16%$69K
Fundraising12%$49K
Total functional expensesLn 25$424K

Balance Sheet

Part X · end of year
CashLn 1$585K
Total assetsLn 16$585K
Total liabilitiesLn 26$4K
Total net assetsLn 32$581K
Months of cash on handcomputed16.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $585K · Operating expenses (Pt IX) $424K · Less non-cash grants $18K · Cash operating expenses/yr $405K
17.3 months
Where the money goes
Program services
Program services $306K · Total expenses $424K
72%
Management & General
Management & general $69K · Total expenses $424K
16%
Fundraising
Fundraising $49K · Total expenses $424K
12%
Cost to raise $1
Fundraising expense $49K · Solicited contributions $572K
$0.09 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $664K · Total revenue $851K
78%
Government reliance
Government grants $92K · Total revenue $851K
11%
Earned-income share
Program service revenue $0 · Total revenue $851K
0%
Investment reliance
Investment income $2K · Total revenue $851K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $424K
0%
Growth & trend
Revenue growth (YoY)
This year $851K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $581K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $851K · Expenses $424K
+50%
Liabilities-to-Assets
Total liabilities — · Total assets $585K
Net-asset ratio
Net assets $581K · Total assets $585K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $585K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan McConnell · Reported title FOUNDER AND EXECUTIVE DIRE · Highest reported compensation $70K · Total expenses $424K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $424K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 16%
Fundraising cost ratio 7%

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2023$583K revenue · ⤓ 990 PDF
FY2022$880K revenue · ⤓ 990 PDF
FY2021$701K revenue · ⤓ 990 PDF
FY2020$851K revenue · viewing · ⤓ 990 PDF

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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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