Chicago Infrastructure Trust: Nonprofit Profile, Financials & Form 990 (EIN 80-0880976)

Is it real?

No. The IRS revoked its tax exemption. Latest filing we have: FY2020.

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

Where the money goes

5 cents of each dollar spent went to programs.

95%

Program services 5% · $12K Management & general 95% · $219K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Carl Lingenfelter

Treasurer/Secretary

$0Pt VII · Sec A

Ralph Affrunti

Board Member

$0Pt VII · Sec A

Jason Ervin

Board Member

$0Pt VII · Sec A

Miguel Zarate

Board Member

$0Pt VII · Sec A

Elizabeth Coolidge

Board Member

$0Pt VII · Sec A

James M Sweeney

Board Member

$0Pt VII · Sec A

See Chicago Infrastructure Trust executive salaries →

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 15aYes

Programs and updates

Provides alternative financing and project delivery for Chicago's transformative infrastructure.

Questions for Chicago Infrastructure Trust

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1 program · $12K · in their own filed words · FY2020

01

The Municipal Building Retrofit Project

To fund energy efficiency projects including lighting, windows, and hvac units to reduce the city and its sister agencies - to promote energy independence and sustainability for the people of the city of chicago. Improve the quality and reliability of chicago's outdoor lighting.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 80-0880976) · Dispute this line

$12Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2K

Ln 12

Investment incomeLn 3$2K

Money outPt IX

$231K

Ln 25

Programscol B$12K

Managementcol C$219K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$2K

Total revenueLn 12$2K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 54

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$2.8M	$0
Total assetsLn 16	$12.8M	$0
LiabilitiesLn 26	$10.1M	$0
Net assetsLn 32	$2.7M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$37K	$0	$37K	$0
Pension plan contributionsLn 8	$7K	$0	$7K	$0
Other employee benefitsLn 9	$7K	$0	$7K	$0
Payroll taxesLn 10	$5K	$0	$5K	$0
Legal feesLn 11b	$80K	$0	$80K	$0
Accounting feesLn 11c	$31K	$0	$31K	$0
Other fees for servicesLn 11g	$11K	$7K	$4K	$0
Office expensesLn 13	$3K	$0	$3K	$0
Information technologyLn 14	$911	$0	$911	$0
OccupancyLn 16	$20K	$0	$20K	$0
Conferences, conventions and meetingsLn 19	$1K	$0	$1K	$0
InterestLn 20	$0	$0	$0	$0
Depreciation, depletion and amortizationLn 22	$8K	$5K	$3K	$0
InsuranceLn 23	$8K	$0	$8K	$0
Other expenses (24a–d)Ln 24	$10K	$0	$10K	$0
Total functional expensesLn 25	$231K	$12K	$219K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest ViewingFiled with the IRS Jul 23, 2021	$2K	$231K	−$228K	$0	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $2,067 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,300,000$0

I-9 Program service revenuePrior year $1,478,570$0

I-10 Investment incomePrior year $8,517$2,067

I-11 Other revenue$0

I-12 Total revenuePrior year $2,787,087$2,067

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $647,919$55,970

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,798,253$174,583

I-18 Total expensesPrior year $2,446,172$230,553

I-19 Revenue less expensesPrior year $340,915−$228,486

Part VI · Governance 6 of 6 board members independent, no flags

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,067 across 2 lines filed

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $2,067$2,067

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,067$2,067

Part IX · Statement of functional expenses $230,553 across 15 lines filed

IX-7 Other salaries and wagesPrograms $0 · Management $37,336 · Fundraising $0$37,336

IX-8 Pension plan contributionsPrograms $0 · Management $6,774 · Fundraising $0$6,774

IX-9 Other employee benefitsPrograms $0 · Management $7,223 · Fundraising $0$7,223

IX-10 Payroll taxesPrograms $0 · Management $4,637 · Fundraising $0$4,637

IX-11b Legal feesPrograms $0 · Management $80,446 · Fundraising $0$80,446

IX-11c Accounting feesPrograms $0 · Management $30,600 · Fundraising $0$30,600

IX-11g Other fees for servicesPrograms $6,963 · Management $4,436 · Fundraising $0$11,399

IX-13 Office expensesPrograms $0 · Management $3,279 · Fundraising $0$3,279

IX-14 Information technologyPrograms $0 · Management $911 · Fundraising $0$911

IX-16 OccupancyPrograms $0 · Management $20,215 · Fundraising $0$20,215

IX-19 Conferences, conventions and meetingsPrograms $0 · Management $1,077 · Fundraising $0$1,077

IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0

IX-22 Depreciation, depletion and amortizationPrograms $5,008 · Management $3,067 · Fundraising $0$8,075

IX-23 InsurancePrograms $0 · Management $8,429 · Fundraising $0$8,429

IX-24 Other expenses (24a–d)Programs $0 · Management $10,152 · Fundraising $0$10,152

IX-25 Total functional expensesPrograms $11,971 · Management $218,582 · Fundraising $0$230,553

Part X · Balance sheet $0 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $2,462,293$0

X-2 Savings and temporary cash investmentsStart of year $382,228$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $0$0

X-5 Loans to officers and key peopleStart of year $0$0

X-6 Loans to other insidersStart of year $0$0

X-7 Notes and loans receivableStart of year $0$0

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $14,965$0

X-15 Other assetsStart of year $2,558$0

X-16 Total assetsStart of year $12,813,452$0

X-17 Accounts payable and accrued expensesStart of year $486,342$0

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-23 Secured mortgages and notes payableStart of year $9,634,857$0

X-26 Total liabilitiesStart of year $10,121,199$0

X-27 Net assets without donor restrictionsStart of year $2,692,253$0

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $2,692,253$0

X-33 Total liabilities and net assetsStart of year $12,813,452$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$2,067

XI-2 Total expenses$230,553

XI-3 Revenue less expenses−$228,486

XI-4 Net assets at start of year$2,692,253

XI-9 Other changes in net assets−$2,463,767

XI-10 Net assets at end of year$0

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

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Chicago Infrastructure Trust

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Chicago Infrastructure Trust

The Municipal Building Retrofit Project

By the numbers

Filing history

Schedules filed Part IV