Let IT Be US FY2022 filing

Tax-deductible

Barrington, IL501(c)(3)Since 2014Human ServicesEIN 47-1237093

The organization seeks to improve permanency outcomes for children in foster care in illinois. IT seeks to recruit prospective foster parents and match waiting children with licensed foster families.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Worth a look: 1 of the last 5 filings shows a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
79%
of spending
Looks good: 79% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$90K
to officers and key staff · 11% of spending
Looks good: leaders' pay is 11% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $5K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$36K
liabilities
Looks good: debts are 3% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
14
independent of 14 voting board members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$880K
+26% vs prior year
Spent
$829K
To programs
79%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$880K
FY2022▲ +26%
Revenue by fiscal year
FY2020$851K
FY2021$701K
FY2022$880K
FY2023$583K
FY2024$1.3M
Expenses
$829K
FY2022▲ +63%
Expenses by fiscal year
FY2020$424K
FY2021$508K
FY2022$829K
FY2023$1.1M
FY2024$1.0M
Net assets
$1.2M
FY2022▲ +49%
Net assets by fiscal year
FY2020$581K
FY2021$781K
FY2022$1.2M
FY2023$587K
FY2024$1.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLet IT Be US
EINHdr · item D47-1237093
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2014
Year of formationHdr · item L2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBarrington, IL
NTEE classificationIRS BMFHuman Services (P01)
WebsiteHdr · item Jwww.letitbeus.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 $0.79 Management & general $0.12 Fundraising $0.09
Program services79%$653K
Management & general12%$103K
Fundraising9%$73K
Total functional expensesLn 25$829K

Financial health

Is it on solid ground?

Program efficiency
79%
of spending reaches programs
Operating runway
12.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$1.2M
FY2022▲ +50%
Total assets by fiscal year
FY2020$585K
FY2021$800K
FY2022$1.2M
FY2023$604K
FY2024$1.2M
Total liabilities
$36K
FY2022▲ +95%
Total liabilities by fiscal year
FY2020$4K
FY2021$18K
FY2022$36K
FY2023$17K
FY2024$136K
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$782K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$36K
Total net assetsLn 32$1.2M
Months of cash on handcomputed11.3

Statement of Revenue

Part VIII
Contributions & grants$502K · 57%
Other revenue$353K · 40%
Program service revenue$25K · 3%
Contributions & grants57%$502K
Other revenue40%$353K
Program service revenue3%$25K
Total revenueLn 12$880K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $782K · Operating expenses (Pt IX) $829K · Less non-cash grants $101K · Cash operating expenses/yr $729K
12.9 months
Where the money goes
Program services
Program services $653K · Total expenses $829K
79%
Management & General
Management & general $103K · Total expenses $829K
12%
Fundraising
Fundraising $73K · Total expenses $829K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $59K · Solicited contributions (3-yr avg) $470K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $502K · Total revenue $880K
57%
Government reliance
Government grants — · Total revenue $880K
—
Earned-income share
Program service revenue $25K · Total revenue $880K
3%
Investment reliance
Investment income −$3K · Total revenue $880K
-0.3%
Program self-sufficiency
Program service revenue $25K · Total expenses $829K
3%
Growth & trend
Revenue growth (YoY)
This year $880K · Prior year $701K
+26%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $880K · Expenses $829K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan McConnell · Reported title FOUNDER/EXEC · Highest reported compensation $90K · Total expenses $829K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $380K · Total expenses $829K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 12%——
Fundraising cost ratio 15%——
Revenue growth 26%——
Investment management fee ratio 0.3%——
Accounting fee ratio 0.6%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder/Exec
$89,500Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$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 3869 $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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Governance & Policies

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

Mission and programs

What it does.

Recruits foster and adoptive parents in Illinois, helping children in care.

Provided by the organization

This section is blank until Let IT Be US claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $419K of program spending, described in the organization's own filed words · FY2022.
01

In 2022 the organization held various recruitment events and mentorship programs. 105 licensed foster homes were added to placement support registry and 672 children were helped through placement support.

$388Kprogram expense
02

The organization provided foster child and family direct support .

$31Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$5K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $1.3M$1.0M+116% 990 PDF
FY2023 $583K$1.1M-34% 990 PDF
FY2022 Viewing $880K$829K+26% 990 PDF
FY2021 $701K$508K-18% 990 PDF
FY2020 $851K$424K 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 FY2022

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $829,136 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $71,600 · Management $8,950 · Fundraising $8,950$89,500
IX-7 Other salaries and wagesPrograms $186,954 · Management $42,720 · Fundraising $37,579$267,253
IX-10 Payroll taxesPrograms $15,534 · Management $3,782 · Fundraising $3,509$22,825
IX-11c Accounting feesManagement $4,625$4,625
IX-11f Investment management feesPrograms $3,442$3,442
IX-11g Other fees for servicesPrograms $187,072 · Management $20,656 · Fundraising $13,074$220,802
IX-12 Advertising and promotionPrograms $140,095 · Management $2,835 · Fundraising $783$143,713
IX-13 Office expensesPrograms $21,795 · Management $10,326 · Fundraising $5,045$37,166
IX-16 OccupancyPrograms $3,930 · Management $894 · Fundraising $448$5,272
IX-18 Travel and entertainment for public officialsPrograms $794 · Management $968 · Fundraising $233$1,995
IX-23 InsurancePrograms $16,188 · Management $7,151 · Fundraising $3,314$26,653
IX-24 Other expenses (24a–d)Programs $5,890$5,890
IX-25 Total functional expensesPrograms $653,294 · Management $102,907 · Fundraising $72,935$829,136

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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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