Excel Chartiable Foundation EIN 90-0197321

Excel Chartiable Foundation

EIN  90-0197321 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Develops programs for youth in academics, health, social engagement, and civic awareness.
Leadership
Anthony Richard · President
Money in and out
$59K revenue, $102K expenses
Bottom line
16% program efficiency

Develops programs for youth in academics, health, social engagement, and civic awareness. For fiscal year 2023 it reported $59K in revenue, $102K in expenses, and $531K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$59K
Pt VIII · Ln 12
Total expenses
$102K
Pt IX · Ln 25
Net assets
$531K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$43K
Where spending went · Part IX cols B–D
Program services $0.16 Management & general $0.71 Fundraising $0.13
Program efficiency
16%
of spending reaches programs▲ +78% vs prior filing year
Operating runway
18.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-73%
revenue over expenses, this year▼ -173% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$59K
FY2023▼ -49%
Expenses
$102K
FY2023
Total assets
$534K
FY2023
Total liabilities
$3K
FY2023
Total revenue
$59K
Pt VIII · Ln 12
Total expenses
$102K
Pt IX · Ln 25
Net assets
$531K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$43K
Total assetsPt X · Ln 16$534K
Program-expense ratioPt IX · col B16%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $8K of program spending, described in the organization's own filed words · FY2023.
01

Scholarships

$8Kprogram expense
02

United Negro College Fund

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExcel Chartiable Foundation
EINHdr · item D90-0197321
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P30)
Ruling yearIRS BMFMay 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Excel Chartiable Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$79K · 135%
Investment income$970 · 2%
Contributions & grants135%$79K
Investment income2%$970
Total revenueLn 12$59K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.16 Management & general $0.71 Fundraising $0.13
Program services16%$16K
Management & general71%$72K
Fundraising13%$14K
Total functional expensesLn 25$102K

Balance Sheet

Part X · end of year
CashLn 1$160K
Total assetsLn 16$534K
Total liabilitiesLn 26$3K
Total net assetsLn 32$531K
Months of cash on handcomputed18.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $160K · Operating expenses/yr $102K
18.8 months
Where the money goes
Program services
Program services $16K · Total expenses $102K
16%
Management & General
Management & general $72K · Total expenses $102K
71%
Fundraising
Fundraising $14K · Total expenses $102K
13%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $95K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $59K
135%
Government reliance
Government grants — · Total revenue $59K
Earned-income share
Program service revenue $0 · Total revenue $59K
0%
Investment reliance
Investment income $970 · Total revenue $59K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $102K
0%
Growth & trend
Revenue growth (YoY)
This year $59K · Prior year $116K
-49%
Revenue CAGR
FY2019 $56K · FY2023 $59K
+1%
Net-asset trend (YoY)
End of year $531K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $59K · Expenses $102K
-73%
Liabilities-to-Assets
Total liabilities — · Total assets $534K
Net-asset ratio
Net assets $531K · Total assets $534K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $534K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anthony Richard · Reported title President · Highest reported compensation $0 · Total expenses $102K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $102K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 16%
Overhead ratio 71%
Fundraising cost ratio 17%
Revenue growth -49%

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.

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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
FY2023 (Latest)$59K revenue · viewing · ⤓ 990 PDF
FY2022$116K revenue · ⤓ 990 PDF
FY2021$98K revenue · ⤓ 990 PDF
FY2020$23K revenue · ⤓ 990 PDF
FY2019$56K 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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