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The Promontory Point Conservatory

Tax-deductible

Chicago, IL501(c)(3)Since 2004Recreation & SportsEIN 87-1456031Revenue $39K in FY2025

On file with the IRSpromontorypoint.org1 N Franklin St Ste 1200, 60606-3447 · Chicago, ILTax-exempt since Aug 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Promontory Point Conservancy's mission is to protect and preserve Promontory Point Park, Burham Park, on Chicago's South Side, especially its historic limestone, step-stone revetment and renowned landscape architect Alfred Caldwell's Prairie Style design.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
1 of 2
filings with a surplus
Average deficit $8K a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $43K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$16K
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$39K
-82% vs prior year
Spent
$99K
To programs
90%
Net assets
−$820
By yearFY2023–FY2025
Revenue
$39K
FY2025▼ -82%
Tap a bar for its year
Revenue by fiscal year
FY2023$179K
FY2024$216K
FY2025$39K
Expenses
$99K
FY2025▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2023Not on file
FY2024$172K
FY2025$99K
Net assets
−$820
FY2025▼ -101%
Tap a bar for its year
Net assets by fiscal year
FY2023$14K
FY2024$59K
FY2025−$820

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2023.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $89K Management & general 10% · $10K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Michael Rachlis
At Large Trustee
$0Pt VII · Sec A
Mary Lu Seidel
At Large Trustee
$0Pt VII · Sec A
Moises Moreno
At Large Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Jack Spicer
President
$0Pt VII · Sec A
Jorge Sanchez
Vice President
$0Pt VII · Sec A
Brigid Maniates
Vice President
$0Pt VII · Sec A
Debra Hammond
Treasurer
$0Pt VII · Sec A
See The Promontory Point Conservatory 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

Safeguards and maintains Promontory Point and Burnham Park for public enjoyment.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Educating the community and building support for conservation of the Point and funding engineering studies to illustrate different creative approaches to repair-in-place and adaptation for ADA complicance.

Pt IX · col B

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 · FY2024
The Chicago Community TrustFY2024$20K
National Trust for Historic Preservation in the United StatesFY2024$15K
Fidelity Investments Charitable Gift FundFY2024$8K
Total grants receivedfrom 3 funders$43K
See all 3 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$39K
Ln 12
Gifts and grantsLn 1h$39K
Money outPt IX
$99K
Ln 25
Programscol B$89K
Managementcol C$10K
Owns and owesPt X
−$820
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$15K
LiabilitiesLn 26$16K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Total revenueLn 12$39K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
Total assetsLn 16$15K
LiabilitiesLn 26$16K
Net assetsLn 32−$820
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$59K$15K
Total assetsLn 16$59K$15K
LiabilitiesLn 26$0$16K
Net assetsLn 32$59K−$820
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$27K$27K
Accounting feesLn 11c$850$850
Other fees for servicesLn 11g$61K$61K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$70$70
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$429$429
Total functional expensesLn 25$99K$89K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $39K$99K−$60K−$820 990 PDF
FY2024 $216K$172K$45K$59K 990 PDF
FY2023 $179K$14K 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 FY2025 990 (6 parts)
Part I · Summary $39,089 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $216,092$39,089
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $216,092$39,089
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$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $171,547$98,929
I-18 Total expensesPrior year $171,547$98,929
I-19 Revenue less expensesPrior year $44,545−$59,840
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $39,089 across 3 lines filed
VIII-1f All other contributions, gifts and grants$39,089
VIII-1h Total contributions, gifts and grants$39,089
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$39,089
Part IX · Statement of functional expenses $98,929 across 7 lines filed
IX-11b Legal feesPrograms $26,766$26,766
IX-11c Accounting feesManagement $850$850
IX-11g Other fees for servicesPrograms $61,242$61,242
IX-12 Advertising and promotionPrograms $1,030$1,030
IX-13 Office expensesManagement $70$70
IX-24 Other expenses (24a–d)Management $8,542$8,542
IX-24e All other expensesManagement $429$429
IX-25 Total functional expensesPrograms $89,038 · Management $9,891 · Fundraising $0$98,929
Part X · Balance sheet $14,945 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $59,020$14,945
X-16 Total assetsStart of year $59,020$14,945
X-17 Accounts payable and accrued expenses$15,765
X-26 Total liabilitiesStart of year $0$15,765
X-32 Total net assets or fund balancesStart of year $59,020−$820
X-33 Total liabilities and net assetsStart of year $59,020$14,945
Part XI · Reconciliation of net assets −$820 net assets at year end
XI-1 Total revenue$39,089
XI-2 Total expenses$98,929
XI-3 Revenue less expenses−$59,840
XI-4 Net assets at start of year$59,020
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$820

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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