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Corise Illinois FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2021Human ServicesEIN 86-2589387Revenue $280K in FY2022

On file with the IRScorise.coop/illinois2229 S Halsted St, 60608-4521 · Chicago, ILTax-exempt since Oct 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Maintaining and increasing access to high-quality affordable child care in low income communities in Illinois through activities that support and educate family child care providers and strengthen the family child care sector.

501(c)(3) charity; gifts are tax-deductible.
85¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $125K a year · 19% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 33.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$719
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$280K
Spent
$86K
To programs
85%
Net assets
$243K
By yearFY2022–FY2024
Revenue
$280K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$280K
FY2023$483K
FY2024$1.2M
FY2024$834K
Expenses
$86K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$86K
FY2023$602K
FY2024$899K
FY2024$1.0M
Net assets
$243K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$243K
FY2023$111K
FY2024$413K
FY2024$238K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2021.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $73K Management & general 15% · $13K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Patricia Twymon
Board Director
$0Pt VII · Sec A
David Hammer
Board Director
$0Pt VII · Sec A
Elaine Janus
Board Director
$0Pt VII · Sec A
See Corise Illinois 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

Supports and educates family child care providers to increase affordable care access in low-income Illinois communities.

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Provided by the organization

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1 program · $73K · in their own filed words · FY2021
01

Maintaining and increaseing access to high-quality affordable child care in low income communites in illinois through activites that support and educte family child care providers and strength family child care sector.

$73Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$280K
Ln 12
Gifts and grantsLn 1h$250K
Other incomeLn 4–11$30K
Money outPt IX
$86K
Ln 25
Programscol B$73K
Managementcol C$13K
Owns and owesPt X
$243K
net assets · Ln 32
Cash and savingsLn 1–2$237K
Total assetsLn 16$244K
LiabilitiesLn 26$719
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$250K
Other incomeLn 4–11$30K
Total revenueLn 12$280K
Assets in detailPt X, end of year
CashLn 1$237K
Cash and savings togetherLn 1–2$237K
Total assetsLn 16$244K
LiabilitiesLn 26$719
Net assetsLn 32$243K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
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$50K$237K
Total assetsLn 16$50K$244K
LiabilitiesLn 26$0$719
Net assetsLn 32$50K$243K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$38K$34K$4K
Other employee benefitsLn 9$5K$3K$2K
Payroll taxesLn 10$5K$4K$955
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$3K$3K
TravelLn 17$158$158
Other expenses (24a–d)Ln 24$32K$29K$3K
Total functional expensesLn 25$86K$73K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.2M$899K$302K$413K 990 PDF
FY2023 $483K$602K−$119K$111K 990 PDF
FY2022 Viewing $280K$86K$193K$243K 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 $279,570 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$250,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$29,570
I-12 Total revenuePrior year $0$279,570
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$47,904
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$38,223
I-18 Total expensesPrior year $0$86,127
I-19 Revenue less expensesPrior year $0$193,443
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $279,570 across 4 lines filed
VIII-1f All other contributions, gifts and grants$250,000
VIII-1h Total contributions, gifts and grants$250,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $29,570$29,570
VIII-12 Total revenueRelated to mission $29,570 · Unrelated business $0 · Excluded from tax $0$279,570
Part IX · Statement of functional expenses $86,127 across 7 lines filed
IX-7 Other salaries and wagesPrograms $34,087 · Management $4,028$38,115
IX-9 Other employee benefitsPrograms $2,830 · Management $2,270$5,100
IX-10 Payroll taxesPrograms $3,734 · Management $955$4,689
IX-11b Legal feesPrograms $3,404$3,404
IX-11c Accounting feesManagement $2,635$2,635
IX-17 TravelManagement $158$158
IX-24 Other expenses (24a–d)Programs $29,444 · Management $2,582$32,026
IX-25 Total functional expensesPrograms $73,499 · Management $12,628 · Fundraising $0$86,127
Part X · Balance sheet $244,162 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $50,000$236,883
X-4 Accounts receivable$7,279
X-16 Total assetsStart of year $50,000$244,162
X-17 Accounts payable and accrued expenses$719
X-26 Total liabilitiesStart of year $0$719
X-32 Total net assets or fund balancesStart of year $50,000$243,443
X-33 Total liabilities and net assetsStart of year $50,000$244,162
Part XI · Reconciliation of net assets $243,443 net assets at year end
XI-1 Total revenue$279,570
XI-2 Total expenses$86,127
XI-3 Revenue less expenses$193,443
XI-4 Net assets at start of year$50,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$243,443

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

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