Asset Based Community Development Institute FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2015Community DevelopmentEIN 47-3769786Revenue $127K in FY2022

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.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 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
$67
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127K
+4% vs prior year
Spent
$92K
To programs
96%
Net assets
$106K
By yearFY2020–FY2025
Revenue
$127K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$238K
FY2021$121K
FY2022$127K
FY2023$129K
FY2024$20K
FY2025$71K
Expenses
$92K
FY2022▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2020$241K
FY2021$130K
FY2022$92K
FY2023$70K
FY2024$30K
FY2025$45K
Net assets
$106K
FY2022▲ +49%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

96 cents of each dollar spent went to programs.

Program services 96% · $88K Management & general 3% · $3K Fundraising 1% · $655

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

13 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
Director
$0Pt VII · Sec A
$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.

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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 · $88K · in their own filed words · FY2022
01

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

$88Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$127K
Ln 12
Gifts and grantsLn 1h$69K
Fees for servicesLn 2g$57K
Other incomeLn 4–11$328
Money outPt IX
$92K
Ln 25
Programscol B$88K
Managementcol C$3K
Fundraisingcol D$655
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$105K
Total assetsLn 16$106K
LiabilitiesLn 26$67
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Government grantsLn 1e$33K
Fees for servicesLn 2g$57K
Investment incomeLn 3$283
Other incomeLn 4–11$328
Total revenueLn 12$127K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$41K
Cash and savings togetherLn 1–2$105K
Total assetsLn 16$106K
LiabilitiesLn 26$67
Net assetsLn 32$106K
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 FY22End FY22
Cash and savingsLn 1–2$84K$105K
Total assetsLn 16$86K$106K
LiabilitiesLn 26$15K$67
Net assetsLn 32$71K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$15K$14K$2K$0
Payroll taxesLn 10$1K$1K$126$0
Accounting feesLn 11c$5K$4K$516$258
Other fees for servicesLn 11g$59K$59K$0$0
Office expensesLn 13$1K$1K$61$30
Information technologyLn 14$7K$6K$60$247
InsuranceLn 23$3K$3K$240$120
Other expenses (24a–d)Ln 24$105$0$105$0
Total functional expensesLn 25$92K$88K$3K$655

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 Viewing $127K$92K$35K$106K 990 PDF
FY2021 $121K$130K−$8K$71K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $126,526 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $98,398$68,540
I-9 Program service revenuePrior year $19,754$57,375
I-10 Investment incomePrior year $208$283
I-11 Other revenuePrior year $2,753$328
I-12 Total revenuePrior year $121,113$126,526
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $48,940$16,417
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $80,628$75,300
I-18 Total expensesPrior year $129,568$91,717
I-19 Revenue less expensesPrior year −$8,455$34,809
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $126,526 across 7 lines filed
VIII-1e Government grants$32,558
VIII-1f All other contributions, gifts and grants$35,982
VIII-1h Total contributions, gifts and grants$68,540
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$57,375
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $283$283
VIII-5 RoyaltiesRelated to mission $328 · Unrelated business $0 · Excluded from tax $0$328
VIII-12 Total revenueRelated to mission $57,703 · Unrelated business $0 · Excluded from tax $283$126,526
Part IX · Statement of functional expenses $91,717 across 8 lines filed
IX-7 Other salaries and wagesPrograms $13,640 · Management $1,516 · Fundraising $0$15,156
IX-10 Payroll taxesPrograms $1,135 · Management $126 · Fundraising $0$1,261
IX-11c Accounting feesPrograms $4,380 · Management $516 · Fundraising $258$5,154
IX-11g Other fees for servicesPrograms $59,012 · Management $0 · Fundraising $0$59,012
IX-13 Office expensesPrograms $1,281 · Management $61 · Fundraising $30$1,372
IX-14 Information technologyPrograms $6,294 · Management $60 · Fundraising $247$6,601
IX-23 InsurancePrograms $2,696 · Management $240 · Fundraising $120$3,056
IX-24 Other expenses (24a–d)Programs $0 · Management $105 · Fundraising $0$105
IX-25 Total functional expensesPrograms $88,438 · Management $2,624 · Fundraising $655$91,717
Part X · Balance sheet $106,204 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $43,752$63,948
X-2 Savings and temporary cash investmentsStart of year $40,721$40,797
X-9 Prepaid expenses and deferred chargesStart of year $1,422$1,459
X-16 Total assetsStart of year $85,895$106,204
X-17 Accounts payable and accrued expensesStart of year $14,567$67
X-26 Total liabilitiesStart of year $14,567$67
X-27 Net assets without donor restrictionsStart of year $71,328$96,137
X-28 Net assets with donor restrictionsStart of year $0$10,000
X-32 Total net assets or fund balancesStart of year $71,328$106,137
X-33 Total liabilities and net assetsStart of year $85,895$106,204
Part XI · Reconciliation of net assets $106,137 net assets at year end
XI-1 Total revenue$126,526
XI-2 Total expenses$91,717
XI-3 Revenue less expenses$34,809
XI-4 Net assets at start of year$71,328
XI-10 Net assets at end of year$106,137

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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