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Excel Chartiable Foundation FY2019 filing

Tax-deductible

Chicago, IL501(c)(3)Human Services EIN 90-0197321Revenue $56K in FY2019

On file with the IRS8236 S Western Ave, 60620-5935 · Chicago, ILTax-exempt since May 2009Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Excel Charitable Foundation is to develop and execute programs that promote development for the youth in the areas of academics, Health, social engagement and civic awareness. Leveraging the resources of our partnerships, we will offer these and other programs to enrich the lives, encourage growth and promote the empowerment of all citizens in our service area.

501(c)(3) charity; gifts are tax-deductible.
12¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · 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
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
2 of 5
filings with a surplus
Average surplus $8K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
12%
of spending
Concern: 12% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$56K
Spent
$82K
To programs
12%
Net assets
$570K
By yearFY2019–FY2023
Revenue
$56K
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$56K
FY2020$23K
FY2021$98K
FY2022$116K
FY2023$59K
Expenses
$82K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$82K
FY2020$68K
FY2021$59K
FY2022$0
FY2023$102K
Net assets
$570K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$570K
FY2020$526K
FY2021$566K
FY2022$0
FY2023$531K

From the FY2019 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2019 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 ruling in May 2009.

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

Where the money goes

12 cents of each dollar spent went to programs.

Program services 12% · $10K Management & general 68% · $55K Fundraising 20% · $17K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vance Bonner
Board Member
$0Pt VII · Sec A
John Lane
Board Member
$0Pt VII · Sec A
Bernard Scavella
Board Member
$0Pt VII · Sec A
Steven Wolfe
Board Member
$0Pt VII · Sec A
Sean Veal
Board Member
$0Pt VII · Sec A
See Excel Chartiable Foundation 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

Develops programs for youth in academics, health, social engagement, and civic awareness.

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Provided by the organization

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3 programs · $3K · in their own filed words · FY2019
01

United Negro College Fund

$1Kprogram expense
02

Support Boy Scouts

$1Kprogram expense
03

Project Alpha

$500program expense

By the numbers

The FY2019 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$56K
Ln 12
Gifts and grantsLn 1h$69K
Investment incomeLn 3$90
Money outPt IX
$82K
Ln 25
Programscol B$10K
Managementcol C$55K
Fundraisingcol D$17K
Owns and owesPt X
$570K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$573K
LiabilitiesLn 26$3K
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$69K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$90
Total revenueLn 12$56K
Assets in detailPt X, end of year
SavingsLn 2$74K
Cash and savings togetherLn 1–2$74K
Land, buildings, equipmentLn 10c$486K
Total assetsLn 16$573K
LiabilitiesLn 26$3K
Net assetsLn 32$570K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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 FY19End FY19
Cash and savingsLn 1–2$64K$74K
Land, buildings, equipmentLn 10c$521K$486K
Total assetsLn 16$613K$573K
LiabilitiesLn 26$17K$3K
Net assetsLn 32$597K$570K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Advertising and promotionLn 12$0$0
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$3K
OccupancyLn 16$20K$20K
TravelLn 17$292$292
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$17K$359$17K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$82K$10K$55K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $59K$102K−$43K$531K 990 PDF
FY2022 $116K$0$116K$0 990 PDF
FY2021 $98K$59K$39K$566K 990 PDF
FY2020 $23K$68K−$45K$526K 990 PDF
FY2019 Viewing $56K$82K−$26K$570K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2019 990 (6 parts)
Part I · Summary $55,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $93,786$68,922
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $479$90
I-11 Other revenuePrior year −$13,833−$13,310
I-12 Total revenuePrior year $80,432$55,702
I-13 Grants and similar amounts paidPrior year $15,900$9,975
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 $67,464$72,004
I-18 Total expensesPrior year $83,364$81,979
I-19 Revenue less expensesPrior year −$2,932−$26,277
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 $55,702 across 12 lines filed
VIII-1a Federated campaigns$53,946
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$68,922
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Excluded from tax $90$90
VIII-6 Net rental income or lossUnrelated business −$13,310−$13,310
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$13,310 · Excluded from tax $90$55,702
Part IX · Statement of functional expenses $81,979 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $9,975$9,975
IX-12 Advertising and promotionManagement $0$0
IX-13 Office expensesManagement $2,000$2,000
IX-14 Information technologyManagement $2,688$2,688
IX-16 OccupancyManagement $19,544$19,544
IX-17 TravelManagement $292$292
IX-20 InterestManagement $1,150$1,150
IX-22 Depreciation, depletion and amortizationManagement $25,975$25,975
IX-23 InsuranceManagement $2,025$2,025
IX-24 Other expenses (24a–d)Management $359 · Fundraising $16,601$16,960
IX-24e All other expensesManagement $1,370$1,370
IX-25 Total functional expensesPrograms $9,975 · Management $55,403 · Fundraising $16,601$81,979
Part X · Balance sheet $573,003 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $64,065$73,993
X-4 Accounts receivableStart of year $22,400$7,601
X-9 Prepaid expenses and deferred chargesStart of year $5,121$5,558
X-10c Land, buildings and equipment, netStart of year $521,439$485,851
X-16 Total assetsStart of year $613,477$573,003
X-19 Deferred revenueStart of year $2,276$2,277
X-26 Total liabilitiesStart of year $16,882$2,694
X-27 Net assets without donor restrictionsStart of year $596,586$570,309
X-32 Total net assets or fund balancesStart of year $596,586$570,309
X-33 Total liabilities and net assetsStart of year $613,468$573,003
Part XI · Reconciliation of net assets $570,309 net assets at year end
XI-1 Total revenue$55,702
XI-2 Total expenses$81,979
XI-3 Revenue less expenses−$26,277
XI-4 Net assets at start of year$596,595
XI-10 Net assets at end of year$570,309

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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