Excel Chartiable Foundation EIN 90-0197321

Excel Chartiable Foundation FY2019 filing

EIN  90-0197321 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2023) →
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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
$56K revenue, $82K expenses
Bottom line
12% program efficiency

Develops programs for youth in academics, health, social engagement, and civic awareness. For fiscal year 2019 it reported $56K in revenue, $82K in expenses, and $570K in net assets.Pt I

Where the money goes · FY2019
Total revenue
$56K
Pt VIII · Ln 12
Total expenses
$82K
Pt IX · Ln 25
Net assets
$570K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Where spending went · Part IX cols B–D
Program services $0.12 Management & general $0.68 Fundraising $0.20
Program efficiency
12%
of spending reaches programs
Operating runway
10.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-47%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Revenue
$56K
FY2019
Expenses
$82K
FY2019
Total assets
$573K
FY2019
Total liabilities
$3K
FY2019
Total revenue
$56K
Pt VIII · Ln 12
Total expenses
$82K
Pt IX · Ln 25
Net assets
$570K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$573K
Program-expense ratioPt IX · col B12%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $3K of program spending, described in the organization's own filed words · FY2019.
01

United Negro College Fund

$1Kprogram expense
02

Support Boy Scouts

$1Kprogram expense
03

Project Alpha

$500program expense

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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 1a9
Independent voting membersPt VI · Ln 1b9
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 & grants124%$69K
Investment income$90
Total revenueLn 12$56K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.12 Management & general $0.68 Fundraising $0.20
Program services12%$10K
Management & general68%$55K
Fundraising20%$17K
Total functional expensesLn 25$82K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$573K
Total liabilitiesLn 26$3K
Total net assetsLn 32$570K
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $82K
10.8 months
Where the money goes
Program services
Program services $10K · Total expenses $82K
12%
Management & General
Management & general $55K · Total expenses $82K
68%
Fundraising
Fundraising $17K · Total expenses $82K
20%
Cost to raise $1
Fundraising expense $17K · Solicited contributions $69K
$0.24 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $69K · Total revenue $56K
124%
Government reliance
Government grants $0 · Total revenue $56K
0%
Earned-income share
Program service revenue $0 · Total revenue $56K
0%
Investment reliance
Investment income $90 · Total revenue $56K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $82K
0%
Growth & trend
Revenue growth (YoY)
This year $56K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $570K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $56K · Expenses $82K
-47%
Liabilities-to-Assets
Total liabilities — · Total assets $573K
Net-asset ratio
Net assets $570K · Total assets $573K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $573K
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 $82K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $82K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 12%
Overhead ratio 68%
Fundraising cost ratio 24%

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 · ⤓ 990 PDF
FY2022$116K revenue · ⤓ 990 PDF
FY2021$98K revenue · ⤓ 990 PDF
FY2020$23K revenue · ⤓ 990 PDF
FY2019$56K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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