Asset Based Community Development Institute FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2015Community DevelopmentEIN 47-3769786Revenue $238K in FY2020

On file with the IRSabcdinstitute.org2233 N Kenmore Ave, 60614-3547 · Chicago, ILTax-exempt since Apr 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Promote and support the Development of strong and sustainable communities by focusing on the resources and assets of the communities

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $17K a year · 14% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
Spent
$241K
To programs
91%
Net assets
$80K
By yearFY2020–FY2025
Revenue
$238K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$238K
FY2021$121K
FY2022$127K
FY2023$129K
FY2024$20K
FY2025$71K
Expenses
$241K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$241K
FY2021$130K
FY2022$92K
FY2023$70K
FY2024$30K
FY2025$45K
Net assets
$80K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$80K
FY2021$71K
FY2022$106K
FY2023$166K
FY2024$156K
FY2025$182K

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $218K Management & general 9% · $22K Fundraising 0% · $877

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Allison Lourash’s $1K as Co-President is at the 5th percentile of top reported officer pay among 168 <$100K community development 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 · 4 named individuals · Part VII

NameFY2024FY2023
Indigo Bishop—$3,000
Allison Lourash$1,000$1,800
Ben Wheeler—$1,800
Raymond Thompson—$1,200

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 Asset Based Community Development Institute 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 15aNo

Programs and updates

Empowers communities to build strength and sustainability by leveraging their own resources and assets.

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Provided by the organization

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1 program · $218K · in their own filed words · FY2020
01

Promoted and supported the development of strong and sustainable communities by focusing on the resources and assets of the communities

$218Kprogram expense

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 · FY2022
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$237K
Other incomeLn 4–11$1K
Investment incomeLn 3$194
Money outPt IX
$241K
Ln 25
Programscol B$218K
Managementcol C$22K
Fundraisingcol D$877
Owns and owesPt X
$80K
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$99K
LiabilitiesLn 26$19K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Government grantsLn 1e$198K
Investment incomeLn 3$194
Other incomeLn 4–11$1K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$57K
SavingsLn 2$41K
Cash and savings togetherLn 1–2$97K
Total assetsLn 16$99K
LiabilitiesLn 26$19K
Net assetsLn 32$80K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$95K$97K
Total assetsLn 16$96K$99K
LiabilitiesLn 26$14K$19K
Net assetsLn 32$82K$80K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$19K$19K
Other salaries and wagesLn 7$99K$89K$10K$0
Payroll taxesLn 10$8K$7K$760$0
Accounting feesLn 11c$5K$4K$480$240
Other fees for servicesLn 11g$91K$90K$1K$500
Office expensesLn 13$1K$1K$45$23
Information technologyLn 14$4K$4K$0$0
TravelLn 17$2K$2K$0$0
Conferences, conventions and meetingsLn 19$7K$0$7K$0
InsuranceLn 23$3K$3K$228$114
Other expenses (24a–d)Ln 24$3K$0$3K$0
Total functional expensesLn 25$241K$218K$22K$877

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $71K$45K$25K$182K 990 PDF
FY2024 $20K$30K−$9K$156K 990 PDF
FY2023 $129K$70K$60K$166K 990 PDF
FY2022 $127K$92K$35K$106K 990 PDF
FY2021 $121K$130K−$8K$71K 990 PDF
FY2020 Viewing $238K$241K−$3K$80K 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 FY2020 990 (6 parts)
Part I · Summary $238,393 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $294,893$236,725
I-9 Program service revenuePrior year $37,686$0
I-10 Investment incomePrior year $324$194
I-11 Other revenuePrior year $2,254$1,474
I-12 Total revenuePrior year $335,157$238,393
I-13 Grants and similar amounts paidPrior year $29,500$19,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $102,579$106,773
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $206,312$115,199
I-18 Total expensesPrior year $338,391$240,972
I-19 Revenue less expensesPrior year −$3,234−$2,579
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $238,393 across 6 lines filed
VIII-1e Government grants$198,120
VIII-1f All other contributions, gifts and grants$38,605
VIII-1h Total contributions, gifts and grants$236,725
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $194$194
VIII-5 RoyaltiesRelated to mission $1,474 · Unrelated business $0 · Excluded from tax $0$1,474
VIII-12 Total revenueRelated to mission $1,474 · Unrelated business $0 · Excluded from tax $194$238,393
Part IX · Statement of functional expenses $240,972 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $19,000$19,000
IX-7 Other salaries and wagesPrograms $89,253 · Management $9,917 · Fundraising $0$99,170
IX-10 Payroll taxesPrograms $6,843 · Management $760 · Fundraising $0$7,603
IX-11c Accounting feesPrograms $4,080 · Management $480 · Fundraising $240$4,800
IX-11g Other fees for servicesPrograms $89,729 · Management $1,000 · Fundraising $500$91,229
IX-13 Office expensesPrograms $1,417 · Management $45 · Fundraising $23$1,485
IX-14 Information technologyPrograms $3,526 · Management $0 · Fundraising $0$3,526
IX-17 TravelPrograms $1,770 · Management $0 · Fundraising $0$1,770
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $6,800 · Fundraising $0$6,800
IX-23 InsurancePrograms $2,608 · Management $228 · Fundraising $114$2,950
IX-24 Other expenses (24a–d)Programs $0 · Management $2,639 · Fundraising $0$2,639
IX-25 Total functional expensesPrograms $218,226 · Management $21,869 · Fundraising $877$240,972
Part X · Balance sheet $98,643 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $64,690$56,556
X-2 Savings and temporary cash investmentsStart of year $30,322$40,708
X-9 Prepaid expenses and deferred chargesStart of year $1,348$1,379
X-16 Total assetsStart of year $96,360$98,643
X-17 Accounts payable and accrued expensesStart of year $13,998$18,860
X-26 Total liabilitiesStart of year $13,998$18,860
X-27 Net assets without donor restrictionsStart of year $54,365$66,588
X-28 Net assets with donor restrictionsStart of year $27,997$13,195
X-32 Total net assets or fund balancesStart of year $82,362$79,783
X-33 Total liabilities and net assetsStart of year $96,360$98,643
Part XI · Reconciliation of net assets $79,783 net assets at year end
XI-1 Total revenue$238,393
XI-2 Total expenses$240,972
XI-3 Revenue less expenses−$2,579
XI-4 Net assets at start of year$82,362
XI-10 Net assets at end of year$79,783

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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