Better Chicago Future INC FY2022 filing

Bethesda, MDUnknown exempt organization EIN 88-4188866Revenue $325K in FY2022

On file with the IRSPo Box 71173 · Bethesda, MD

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To promote and cultivate public interest on crime, education, leadership in government and other issues impacting social welfare.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $0 a year · under 1% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
128 mo
of spending, in cash
Looks good: 128.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$325K
Spent
$28K
To programs
100%
Net assets
$297K
By yearFY2022–FY2023
Revenue
$325K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$325K
FY2023$932K
Expenses
$28K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$28K
FY2023$1.2M
Net assets
$297K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$297K
FY2023$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $28K Management & general 0% · $40

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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Better Chicago Future INC 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

Promotes public interest in crime, education, leadership, and social welfare issues.

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Provided by the organization

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1 program · $28K · in their own filed words · FY2022
01

Promote public interest on crime, education, leadership in government and other issues impacing social welfare.

$28Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $118K · 2023–2023
Priorites ChicagoFY2023$117,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$325K
Ln 12
Gifts and grantsLn 1h$325K
Money outPt IX
$28K
Ln 25
Programscol B$28K
Managementcol C$40
Owns and owesPt X
$297K
net assets · Ln 32
Cash and savingsLn 1–2$297K
Total assetsLn 16$297K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$325K
Total revenueLn 12$325K
Assets in detailPt X, end of year
CashLn 1$297K
Cash and savings togetherLn 1–2$297K
Total assetsLn 16$297K
LiabilitiesLn 26$0
Net assetsLn 32$297K
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$297K
Total assetsLn 16$0$297K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$297K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$28K$28K
Office expensesLn 13$40$40
Total functional expensesLn 25$28K$28K$40$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $932K$1.2M−$297K$0 990 PDF
FY2022 Viewing $325K$28K$297K$297K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $325,000 revenue, 12 lines filed
I-8 Contributions and grants$325,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$325,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$27,838
I-18 Total expenses$27,838
I-19 Revenue less expenses$297,162
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $325,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$325,000
VIII-1h Total contributions, gifts and grants$325,000
VIII-12 Total revenue$325,000
Part IX · Statement of functional expenses $27,838 across 2 lines filed
IX-11g Other fees for servicesPrograms $27,798$27,798
IX-13 Office expensesManagement $40$40
IX-25 Total functional expensesPrograms $27,798 · Management $40 · Fundraising $0$27,838
Part X · Balance sheet $297,162 assets, 6 lines filed
X-1 Cash, non-interest-bearing$297,162
X-16 Total assetsStart of year $0$297,162
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$297,162
X-32 Total net assets or fund balancesStart of year $0$297,162
X-33 Total liabilities and net assetsStart of year $0$297,162
Part XI · Reconciliation of net assets $297,162 net assets at year end
XI-1 Total revenue$325,000
XI-2 Total expenses$27,838
XI-3 Revenue less expenses$297,162
XI-10 Net assets at end of year$297,162

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

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