Chicago Learning Exchange EIN 82-3445770 Form 990 (PDF) Claim this org

Chicago Learning Exchange FY2023 filing

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Connects youth with opportunities through interest-driven, tech-enhanced learning experiences. For fiscal year 2023 it reported $272K in revenue, $462K in expenses, and $166K in net assets.Pt I

Founded
2017
Type
Public charity (501(c)(3)) · Youth Development
Location
Chicago, IL
Website
www.chicagolx.org
Filings
6 on file (2020–2023)
Revenue
$272KFY2023
Expenses
$462K
Net assets
$166K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-3445770 Public charity (501(c)(3)) Chicago, IL Founded 2017
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects youth with opportunities through interest-driven, tech-enhanced learning experiences.
Leadership
Sana Jafri · Executive Dir. · $119K
Money in and out
$272K revenue, $462K expenses
Bottom line
79% program efficiency
Where the money goes · FY2023
Total revenue
$272K
Pt VIII · Ln 12
Total expenses
$462K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$189K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.09 Fundraising $0.12
Program efficiency
79%
of spending reaches programs
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-70%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$272K
FY2023▼ -39%
Expenses
$462K
FY2023▲ +17%
Total assets
$177K
FY2023▼ -70%
Total liabilities
$10K
FY2023▼ -64%
Total revenue
$272K
Pt VIII · Ln 12
Total expenses
$462K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$189K
Total assetsPt X · Ln 16$177K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChicago Learning Exchange
EINHdr · item D82-3445770
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.chicagolx.org
Year of formationHdr · item L2017
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
Executive Dir.
$118,977Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sana Jafri’s $117K as Executive Dir. is at the 93rd percentile of top reported officer pay among 1984 $100K–1M youth 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sana Jafri$116,751$123,050$118,977$130,000$120,000$102,682
Jeffery Anderson$39,167
Maria Hibbs$10,738

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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Mission & Programs · Part III

Where the work happens

3 program services account for $364K of program spending, described in the organization's own filed words · FY2023.
01

Community

The Organization convenes and supports a year-around community of primarily out-of-school time mentors and leaders to re-imagine and expand out-of-school time opportunities. The organization does this through monthly Meetups, which are onramps for OST practitioners to break down information silos; help organizations and educators build…

$273Kprogram expense
02

Pathways

Youth learning and work pathways are routes that build connected and progressive experiences, skills, and relationships a young person has from childhood to adulthood. The Organization works to address systems-level inequities in in-school and out-of-school (OST) pathways experiences for youth in Chicago by building programs and…

$58Kprogram expense
03

Chicago Learning Days

The Organization leads a week-long citywide learning festival to amplify the work of our year-around Community by turning Chicago into an open and dynamic learning laboratory with more than 100 hands-on learning opportunities in schools, museums, libraries, parks, and community centers across Chicago.

$33Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$208K · 76%
Other revenue$61K · 22%
Investment income$4K · 1%
Contributions & grants76%$208K
Other revenue22%$61K
Investment income1%$4K
Total revenueLn 12$272K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.09 Fundraising $0.12
Program services79%$364K
Management & general9%$44K
Fundraising12%$54K
Total functional expensesLn 25$462K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$177K
Total liabilitiesLn 26$10K
Total net assetsLn 32$166K
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $167K · Operating expenses/yr $462K
4.3 months
Where the money goes
Program services
Program services $364K · Total expenses $462K
79%
Management & General
Management & general $44K · Total expenses $462K
9%
Fundraising
Fundraising $54K · Total expenses $462K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $41K · Solicited contributions (3-yr avg) $337K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $208K · Total revenue $272K
76%
Government reliance
Government grants — · Total revenue $272K
Earned-income share
Program service revenue $0 · Total revenue $272K
0%
Investment reliance
Investment income $4K · Total revenue $272K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $462K
0%
Growth & trend
Revenue growth (YoY)
This year $272K · Prior year $450K
-39%
Net-asset trend (YoY)
End of year $166K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $272K · Expenses $462K
-70%
Liabilities-to-Assets
Total liabilities — · Total assets $177K
Net-asset ratio
Net assets $166K · Total assets $177K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $177K
0%
People & payroll
Highest Reported Total Compensation
Individual Sana Jafri · Reported title Executive Dir. · Highest reported compensation $119K · Total expenses $462K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $288K · Total expenses $462K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 9%
Fundraising cost ratio 26%
Revenue growth -39%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 14 grants · $225K · 2020–2025
Unitemized GrantFY2025$15,000
Unitemized GrantFY2024$15,000
Unitemized GrantFY2023$15,000
Project ExplorationIL · FY2023$15,000
Project ExplorationIL · FY2022$25,000
Project ExplorationIL · FY2021$10,000
Urban GatewaysIL · FY2020$20,000
Community Television NetworkIL · FY2020$20,000
Urban GatewaysIL · FY2020$20,000
Community Television NetworkIL · FY2020$20,000
Unitemized GrantFY2020$5,000
Unitemized GrantFY2020$5,000

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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
FY2025 (Latest)$657K revenue · ⤓ 990 PDF
FY2024$559K revenue · ⤓ 990 PDF
FY2023$272K revenue · viewing · ⤓ 990 PDF
FY2022$450K revenue · ⤓ 990 PDF
FY2021$589K revenue · ⤓ 990 PDF
FY2020$331K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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