Form 990 for tax year 2023
Filed by CHICAGO INSTRUCTIONAL TECHNOLOGY FOUNDATION INC.
Totals
- Total revenue
- $6,990,190
- Total expenses
- $6,933,811
- Contributions and grants received
- $0
- Grants paid
- $1,616,410
- Program service revenue
- $4,017,503
- Investment income
- $466,739
- Other revenue
- $2,505,948
- Total assets, end of year
- $18,372,367
- Total liabilities, end of year
- $495,311
- Net assets or fund balances, end of year
- $17,877,056
- Program services expenses (Part IX)
- $5,776,992
- Management and general expenses
- $1,156,819
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,776,992
Program services were 83.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MOBILE CITIZEN
total $4,017,503 · related or exempt $4,017,503
-
3 · Investment income
total $292,268 · excluded $292,268
-
5 · Royalties
total $2,544,719 · excluded $2,544,719
-
7a · Gross sales of assets other than inventory
securities $4,912,335
-
7b · Less cost or other basis and sales expenses
securities $4,737,864
-
7c · Gain or loss
securities $174,471
-
7d · Net gain or loss
total $174,471 · excluded $174,471
-
11a · Other revenue: K-1 ROSE AFFORDABLE HOUSING
total $220 · unrelated business $220
-
11b · Other revenue: K-1 GIAP II FUND
total -$16,913 · unrelated business -$16,913
-
11c · Other revenue: K-1 EBS SUPPORT SERVICES, LLC
total -$22,078 · unrelated business -$22,078
-
11e · Other revenue, total
-$38,771
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,616,410 · program services $1,616,410
-
11a · Fees: management
total $1,048,070 · program services $491,200 · management and general $556,870
-
11b · Fees: legal
total $87,414 · program services $19,470 · management and general $67,944
-
11c · Fees: accounting
total $23,650 · program services $5,268 · management and general $18,382
-
11f · Fees: investment management
total $75,644 · management and general $75,644
-
11g · Fees: other
total $62,429 · program services $13,905 · management and general $48,524
-
12 · Advertising and promotion
total $10,877 · program services $10,877
-
13 · Office expenses
total $245,804 · program services $11,054 · management and general $234,750
-
16 · Occupancy
total $22,823 · management and general $22,823
-
17 · Travel
total $259,720 · program services $169,969 · management and general $89,751
-
23 · Insurance
total $28,573 · management and general $28,573
-
24a · Other expenses: MOBILE CITIZEN EXPENSES
total $3,212,759 · program services $3,212,759
-
24b · Other expenses: FELLOWSHIP/SHARED COSTS
total $226,080 · program services $226,080
-
24c · Other expenses: ROYALTY EXPENSE
total $9,100 · management and general $9,100
-
24d · Other expenses: LICENSES AND FEES
total $4,458 · management and general $4,458
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $512,438 · end of year $640,852
-
2 · Savings and temporary cash investments
beginning of year $619,326 · end of year $329,878
-
4 · Accounts receivable
beginning of year $15,702 · end of year $22,148
-
9 · Prepaid expenses and deferred charges
beginning of year $89,095 · end of year $100,100
-
11 · Investments: publicly traded securities
beginning of year $12,162,390 · end of year $13,366,857
-
13 · Investments: program-related
beginning of year $3,488,776 · end of year $3,881,852
-
15 · Other assets
beginning of year $23,146 · end of year $30,680
-
17 · Accounts payable and accrued expenses
beginning of year $138,949 · end of year $201,854
-
18 · Grants payable
beginning of year $110,250 · end of year $88,147
-
19 · Deferred revenue
beginning of year $204,900 · end of year $205,310
-
27 · Net assets without donor restrictions
beginning of year $16,456,774 · end of year $17,877,056
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
VOQAL CHICAGO PARTICIPATES IN THE EDUCATION OPPORTUNITY PROJECT (EOP). THE EOP AIMS TO MEASURABLY REDUCE EDUCATIONAL OPPORTUNITY GAPS BY PROVIDING CAPITAL AND STRATEGIC ADVICE TO ENTREPRENEURS AND ORGANIZATIONS WORKING TO IMPROVE EDUCATIONAL OUTCOMES FOR DISADVANTAGED POPULATIONS. VOQAL NONPROFITS COLLECTIVELY SPENT $427,669, IN THE FISCAL YEAR 2024 PROGRAM WITH VOQAL CHICAGO CONTRIBUTING $302,605 TO THE PROGRAM.
Expenses $302,693
-
VOQAL CHICAGO IS PROUD TO BE PART OF THE VOQAL FELLOWSHIP. THE VOQAL FELLOWSHIP IS AN INVESTMENT IN PEOPLE AS INDIVIDUALS AND BUDDING ENTREPRENEURS; A TALENT AND STARTUP ACCELERATOR AIMED AT GIVING THOSE OFTEN OVERLOOKED BY TRADITIONAL FUNDERS A CHANCE TO ENACT THEIR VISIONS. IN FISCAL YEAR 2024, EIGHT INDIVIDUALS WERE SELECTED AS FELLOWS AFTER A RIGOROUS SEARCH PROCESS. THEIR PROJECTS FOCUSED ON ISSUES RANGING FROM CIVIC MEDIA TO ONLINE TOOLS. VOQAL NONPROFITS COLLECTIVELY SPENT $384,103 IN THE FISCAL YEAR 2024 PROGRAM WITH VOQAL CHICAGO CONTRIBUTING $272,897 TO THE PROGRAM.VOQAL CHICAGO MAINTAINS A SEPARATE GRANTMAKING PROGRAM. IN FISCAL YEAR 2024, VOQAL CHICAGO MADE GRANTS TOTALING $1,539,750 TO 30 GRANTEES. EXPENSES TOTAL $271,778.
Expenses $2,261,540 · Grants $1,616,410
-
ON BEHALF OF VOQAL CHICAGO, MOBILE CITIZEN PLACES LTE WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS BOTH LOCALLY IN COLORADO AND NATIONWIDE. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON VOQAL CHICAGO'S OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END. THE ESTIMATED MARKET VALUE, BASED ON $50/MONTH, OF ACTIVE ACCOUNTS IS MORE THAN $5.4 MILLION. VOQAL CHICAGO PROVIDES SCHOOLS IN THE CHICAGO METRO AREA WITH FREE AND SUBSIDIZED HIGH-SPEED WIRELESS BROADBAND INTERNET ACCOUNTS. THE SCHOOLS ARE BOTH PUBLIC AND PRIVATE, SERVICING GRADES K-12. WE ESTIMATE THAT THE FAIR MARKET VALUE OF THESE FREE AND SUBSIDIZED ACCOUNTS IS OVER $26,400 ANNUALLY.
Expenses $3,212,759 · Revenue $4,017,503
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel O'NeilDANIEL O'NEIL
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Lilly GleichLILLY GLEICH
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Barbara IversonBARBARA IVERSON
SECRETARY/DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Maria HaddenMARIA HADDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Brenda Williams-SearsBRENDA WILLIAMS-SEARS
CEO/PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 47 related
-
Adam MillerADAM MILLER
ADVISOR TO CEO/ASST SECRET
- Total calculated
- $0
- Hours/week
- 5 + 47 related
-
Lisa ReedLISA REED
CFO
- Total calculated
- $0
- Hours/week
- 5 + 46 related
-
Kim BubonKIM BUBON
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 5 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$86,660
CORE SUPPORT
-
$63,250
NET NEUTRALITY
-
$60,500
CORE SUPPORT
-
CORE SUPPORT
-
$60,500
CORE SUPPORT
-
$60,500
CORE SUPPORT
-
$60,500
CORE SUPPORT
-
CORE SUPPORT
-
SPLINTER ART AND COMMUNITY FUND
$60,500
CORE SUPPORT
-
CORE SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530359349301308
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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