Skip to content
Nonprofiteer
← SEIZE THE FUTURE DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by SEIZE THE FUTURE DEVELOPMENT FOUNDATION.

Totals

Total revenue
$1,988,055
Total expenses
$1,373,076
Contributions and grants received
$1,879,269
Grants paid
$610,284
Program service revenue
$51,295
Investment income
$35,852
Other revenue
$21,639
Total assets, end of year
$3,398,655
Total liabilities, end of year
$71,775
Net assets or fund balances, end of year
$3,326,880
Program services expenses (Part IX)
$1,175,416
Management and general expenses
$197,660
Fundraising expenses
$0
Program service expenses (Part III)
$1,175,416

Program services were 85.6% 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.

  • 1e · Government grants (contributions)

    $1,873,035

  • 1f · All other contributions, gifts and grants

    $6,234

  • 2a · Program service revenue: RETENTION AND PROGRAM SPONSOR

    total $35,000 · related or exempt $35,000

  • 2b · Program service revenue: REIMBURSEMENT FOR SERVICES

    total $16,295 · related or exempt $16,295

  • 3 · Investment income

    total $35,852 · excluded $35,852

  • 11a · Other revenue: REIMBURSEMENTS

    total $21,580 · related or exempt $21,580

  • 11b · Other revenue: MISCELLANEOUS

    total $59 · related or exempt $59

  • 11e · Other revenue, total

    $21,639

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $606,000 · program services $606,000

  • 2 · Grants to domestic individuals

    total $4,284 · program services $4,284

  • 7 · Other salaries and wages

    total $363,838 · program services $316,539 · management and general $47,299

  • 9 · Other employee benefits

    total $3,063 · management and general $3,063

  • 10 · Payroll taxes

    total $27,917 · program services $24,288 · management and general $3,629

  • 11b · Fees: legal

    total $100,517 · program services $83,862 · management and general $16,655

  • 11c · Fees: accounting

    total $37,773 · program services $7,177 · management and general $30,596

  • 12 · Advertising and promotion

    total $30,316 · program services $6,073 · management and general $24,243

  • 13 · Office expenses

    total $40,535 · program services $9,978 · management and general $30,557

  • 17 · Travel

    total $2,143 · program services $1,864 · management and general $279

  • 19 · Conferences, conventions and meetings

    total $16,326 · program services $15,496 · management and general $830

  • 20 · Interest

    total $9,109 · program services $7,925 · management and general $1,184

  • 22 · Depreciation, depletion and amortization

    total $1,001 · management and general $1,001

  • 23 · Insurance

    total $40,752 · program services $3,184 · management and general $37,568

  • 24a · Other expenses: LOAN FORGIVENESS

    total $56,589 · program services $56,589

  • 24b · Other expenses: COMMUNITY DEVELOPMENT

    total $27,096 · program services $27,096

  • 24c · Other expenses: TUITION REIMBURSEMENT

    total $5,817 · program services $5,061 · management and general $756

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,520,894 · end of year $1,351,429

  • 4 · Accounts receivable

    beginning of year $18,654 · end of year $17,507

  • 7 · Other notes and loans receivable

    beginning of year $279,022 · end of year $141,715

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,624 · end of year $836

  • 10a · Land, buildings and equipment: cost or other basis

    $5,005

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,837

  • 10c · Land, buildings and equipment, net

    beginning of year $2,169 · end of year $1,168

  • 15 · Other assets

    beginning of year $98,917 · end of year $1,886,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,379 · end of year $71,775

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,254,258 · end of year $3,326,880

  • 28 · Net assets with donor restrictions

    beginning of year $1,457,643

Mission and programs · 2022

Mission

TO MOTIVATE AND FACILITATE THE REVITALIZATION AND DEVELOPMENT OF AURORA AND ITS DOWNTOWN.

  • CONTRIBUTED TO THE ECONOMIC AND WORKFORCE DEVELOPMENT OF THE CITY OF AURORA.

    Expenses $1,175,416 · Grants $610,284

  • ASSISTANCE TO LOCAL ORGANIZATION.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald Pilmer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Nelson Santos

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    4

  • Alex Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Alex Pope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Brian Dahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Brian Knetl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Charles Doss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Daniel Dolan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dharmisth Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Karen Halstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Matthew Winkle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mayor Richard Irvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Terry Bohr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Loretta Daly

    ACTING PRESI

    Total calculated
    $0
    Hours/week
    40

  • Bryan Gay

    FORMER CEO

    Total calculated
    $106,444
    From this org
    $102,237
    From related orgs
    $0
    Other
    $4,207

    Schedule J breakdown matched by us

    Base
    $102,237
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,207
    Nontaxable benefits
    not reported
    Filer's total
    $106,444

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CITY OF AURORA

    $606,000

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AURORA ST CHARLES SENIOR LIVING NFP LLC

    C CORP · IL

    Directly controlled by SEIZE THE FUTURE DEVELOPMENT FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
8 February 2024
IRS schema version
2022v5.0
Source object
202400469349301565

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.