PRESERVATION CHICAGO NFP: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PRESERVATION CHICAGO NFP (EIN 01-0674228)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-15
IRS object ID
202412899349301821
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-15T12:05:16-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363963131PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MANN WEITZ & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1570 LAKE COOK ROAD SUITE 330AddressLine1Txt
CityDEERFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP60015ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010674228EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PRESERVATION CHICAGOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPRESBusinessNameControlTxt
Phone3124431000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1205 W MONROE 400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWARD MILLERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone7733348800PhoneNum
Signature2024-10-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARCY STEINDLERPreparerPersonNm
PTINP00573131PTIN
Phone8472673400PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWARD MILLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1205 W MONROE 400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,618,322GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PRESERVATIONCHICAGO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionPRESERVATION CHICAGO LEVERAGES THE POWER OF HISTORIC PRESERVATION TO CREATE HEALTHY COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers16TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$397,869PYContributionsGrantsAmt
CY Contributions Grants$1,577,096CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$177PYInvestmentIncomeAmt
CY Investment Income$39,283CYInvestmentIncomeAmt
PY Other Revenue$1,020PYOtherRevenueAmt
CY Other Revenue$943CYOtherRevenueAmt
PY Total Revenue$399,066PYTotalRevenueAmt
CY Total Revenue$1,617,322CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$335,468PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$341,447CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$39,209CYTotalFundraisingExpenseAmt
PY Other Expenses$104,061PYOtherExpensesAmt
CY Other Expenses$130,474CYOtherExpensesAmt
PY Total Expenses$439,529PYTotalExpensesAmt
CY Total Expenses$471,921CYTotalExpensesAmt
PY Revenues Less Expenses-$40,463PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,145,401CYRevenuesLessExpensesAmt
Total Assets BOY$247,189TotalAssetsBOYAmt
Total Assets EOY$1,393,136TotalAssetsEOYAmt
Total Liabilities BOY$10,643TotalLiabilitiesBOYAmt
Total Liabilities EOY$9,604TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$236,546NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,383,532NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHROUGHOUT THE CITY OF CHICAGO, PRESERVATION CHICAGO IS COMMITTED TO STRENGTHENING THE VIBRANCY OF CHICAGO'S ECONOMY AND QUALITY OF LIFE BY CHAMPIONING OUR HISTORIC BUILT ENVIRONMENT. PRESERVATION CHICAGO PROTECTS AND REVITALIZES CHICAGO'S IRREPLACEABLE ARCHITECTURE, NEIGHBORHOODS AND URBAN GREEN SPACES. WE INFLUENCE STAKEHOLDERS TOWARD CREATIVE REUSE AND PRESERVATION THROUGH ADVOCACY, OUTREACH, EDUCATION, AND PARTNERSHIP.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$319,492ExpenseAmt
Desc2023 PROVED TO BE REMARKABLE. MANY LONG-ENDANGERED BUILDINGS FINALLY EMERGED AS PRESERVATION 'WINS' THROUGH LANDMARKING. PRESERVATION CHICAGO HAS BEEN DEEPLY ENGAGED WITH MANY OF THESE LONG-TERM EFFORTS AND OUR LEADERSHIP AND INVOLVEMENT WITH THESE ADVOCACY EFFORTS PROVED DECISIVE. AFTER SO MANY YEARS OF EFFORT, TO FINALLY SEE THESE BUILDINGS IN A SAFE PLACE IS BOTH WONDERFULLY EXHILARATING AND PROVIDES AS PROFOUND SENSE OF RELIEF. A FEW HIGHLIGHTS INCLUDE: PROMONTORY POINT LANDMARKED (23-YEAR EFFORT), CENTURY & CONSUMERS BUILDINGS LANDMARKED (17-YEAR EFFORT), GREATER UNION BAPTIST CHURCH LANDMARKED (5-YEAR EFFORT), EPWORTH CHURCH LANDMARKED (4-YEAR EFFORT), GREATER TABERNACLE CATHEDRAL LANDMARKED (3-YEAR EFFORT), CLARK-NETSCH HOUSE LANDMARKED (3-YEAR EFFORT), AND THE WAREHOUSE LANDMARKED (36-DAY EFFORT) AND MORE.2023 SAW AN INCREASE IN MISSION-DRIVEN ACTIVITIES. WE'VE BEEN ABLE TO ADVOCATE FOR MORE BUILDINGS, RAISE MORE FUNDS, SPEAK AT MORE HEARINGS AND PUBLIC MEETINGS, HOLD MORE EVENTS AND EDUCATIONAL TOURS, GIVE MORE NEWSPAPER INTERVIEWS, WRITE MORE COMPREHENSIVE NEWSLETTERS, AND ENGAGE MORE ON SOCIAL MEDIA. THESE ACTIVITIES RESULTED IN MORE BUILDINGS SAVED, MORE PRESERVATION-ORIENTED DECISIONS, AND GREATER ATTENTION TO LOST BUILDINGS WITH THE LONG-TERM VISION OF CATALYZING HEALTHY, SUSTAINABLE, PROSPEROUS, EQUITABLE CHICAGO COMMUNITIES.Desc
Total Program Service Expenses$319,492TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee4EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WARD MILLERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124431000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1205 W MONROE SUITE 400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRAD SUSTER
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
JACOB KAPLAN
VICE PRESIDENT5.00Yes (X)Yes (X)$0$0$0
STUART BERMAN
TREASURER5.00Yes (X)Yes (X)$0$0$0
DEBBIE DODGE
SECRETARY5.00Yes (X)Yes (X)$0$0$0
CATHIE BOND
BOARD MEMBER2.00Yes (X)$0$0$0
DIANE GONZALEZ
BOARD MEMBER2.00Yes (X)$0$0$0
JOYCE JACKSON
BOARD MEMBER2.00Yes (X)$0$0$0
ANDREA REED
BOARD MEMBER2.00Yes (X)$0$0$0
CHARLES VINZ
BOARD MEMBER2.00Yes (X)$0$0$0
JACK SPICER
BOARD MEMBER2.00Yes (X)$0$0$0
JOANNE YASUS
BOARD MEMBER2.00Yes (X)$0$0$0
WARD MILLER
EXECUTIVE DIRECTOR40.00Yes (X)$89,500$0$13,724
FieldValueIRS element (for citing)
Total Reportable Comp From Org$89,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$13,724TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$16,693GovernmentGrantsAmt
All Other Contributions$1,560,403AllOtherContributionsAmt
Total Contributions$1,577,096TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,283TotalRevenueColumnAmt
Exclusion$39,283ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$729GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,000CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$271TotalRevenueColumnAmt
Related Or Exempt Func Income-$271RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$1,214TotalRevenueColumnAmt
Related Or Exempt Func Income$1,214RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,214OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,617,322TotalRevenueColumnAmt
Related Or Exempt Func Income$943RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$39,283ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$103,224TotalAmt
Program Services$87,741ProgramServicesAmt
Management And General$5,161ManagementAndGeneralAmt
Fundraising$10,322FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$193,500TotalAmt
Program Services$172,396ProgramServicesAmt
Management And General$15,238ManagementAndGeneralAmt
Fundraising$5,866FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$24,699TotalAmt
Program Services$23,299ProgramServicesAmt
Management And General$467ManagementAndGeneralAmt
Fundraising$933FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$20,024TotalAmt
Program Services$18,222ProgramServicesAmt
Management And General$601ManagementAndGeneralAmt
Fundraising$1,201FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,102TotalAmt
Management And General$24,102ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,011TotalAmt
Program Services$5,011ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$17,195TotalAmt
Program Services$5,414ProgramServicesAmt
Management And General$4,531ManagementAndGeneralAmt
Fundraising$7,250FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,827TotalAmt
Management And General$6,827ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$37,764TotalAmt
Management And General$37,764ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$18,843TotalAmt
Management And General$9,421ManagementAndGeneralAmt
Fundraising$9,422FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,992TotalAmt
Management And General$1,992ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,711TotalAmt
Management And General$2,711ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,214TotalAmt
Management And General$3,214ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
PUBLICATIONS$6,885$6,885
FUNDRAISING EXPENSES$4,215$4,215
DONATIONS$1,191$1,191
LIBRARY EXPENSES$524$524

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$471,921TotalAmt
Program Services$319,492ProgramServicesAmt
Management And General$113,220ManagementAndGeneralAmt
Fundraising$39,209FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$120,913BOYAmt
EOY$123,800EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$119,942BOYAmt
EOY$1,164,075EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,243LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$11,966LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,334BOYAmt
EOY$15,277EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$89,984EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$247,189BOYAmt
EOY$1,393,136EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,643BOYAmt
EOY$9,604EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,643BOYAmt
EOY$9,604EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$231,546BOYAmt
EOY$233,529EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,000BOYAmt
EOY$1,150,003EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$236,546BOYAmt
EOY$1,383,532EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$247,189BOYAmt
EOY$1,393,136EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,145,401ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,585NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$286,199CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$316,670CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$509,317CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$397,869CurrentTaxYearMinus1YearAmt
Current Tax Year$427,096CurrentTaxYearAmt
Total$1,937,151TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$286,199CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$316,670CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$509,317CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$397,869CurrentTaxYearMinus1YearAmt
Current Tax Year$427,096CurrentTaxYearAmt
Total$1,937,151TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,234,756SubstantialContributorsTotAmt
Public Support Total170$702,395PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,593CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$177CurrentTaxYearMinus1YearAmt
Current Tax Year$40,868CurrentTaxYearAmt
Total$42,651TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,331CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$558CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$1,247CurrentTaxYearMinus1YearAmt
Current Tax Year$1,214CurrentTaxYearAmt
Total$4,350TotalAmt
FieldValueIRS element (for citing)
Total Support$1,984,152TotalSupportAmt
Gross Receipts Rltd Activities$9,690GrossReceiptsRltdActivitiesAmt
Public Support CY1700.35400PublicSupportCY170Pct
Public Support PY1700.36540PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:FormAndLineReferenceDesc
ExplanationDESCRIPTION: ENDOWMENT GRANT - 1ST PAYMENT OF 2 DATE: 04/25/23 AMOUNT: 1150000.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Contributions$1,150,000ContributionsAmt
Investment Earnings Or Losses$33,343InvestmentEarningsOrLossesAmt
Administrative Expenses$33,340AdministrativeExpensesAmt
End Year Balance$1,150,003EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,243OtherCostOrOtherBasisAmt
Depreciation$11,966DepreciationAmt
Book Value$15,277BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$15,277TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,618,907TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,585NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,585RevenueNotReportedAmt
Revenue Subtotal$1,617,322RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,617,322TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$471,921TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$471,921ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$471,921TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE ENDOWMENT FUND WAS CREATED IN 2023 TO PROVIDE LONG-TERM SOURCE OF INCOME/RESOURCES TO PRESERVATION CHICAGO TO FUND THE COSTS OF GENERAL OPERATIONS. THE FINANCE COMMITTEE OF PRESERVATION CHICAGO HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR THE ENDOWMENT THAT ALIGN WITH THE DONOR'S WISHES AND ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR OPERATIONS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. PRESERVATION CHICAGO FOLLOWS THE SPENDING PARAMETERS PROVIDED BY THE DONOR IN THE ENDOWMENT AGREEMENT. THE APPROVED ANNUAL SPENDING RATE IS $115,000 FOR THE FIRST TWO YEARS OF THE ENDOWMENT AND THE GREATER OF 5% OF THE ENDOWMENT BALANCE OR $115,000 EACH YEAR THEREAFTER.
PART X, LINE 2:THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BAFTER 990 IS PREPARED, THE DRAFT 990 IS SHARED WITH EXECUTIVE STAFF AND EXECUTIVE BOARD COMMITTEE TO REVIEW FOR ACCURACY. SUBMITTED 990 WILL BE PRESENTED TO FULL BOARD AT NEXT OCCURRING BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 15ANNUAL END-OF-YEAR EXECUTIVE COMMITTEE MEETING TO CONDUCT REVIEW AND TO ASSESS COMPENSATION PACKAGE. MERIT, MARKET COMPARATIVES, AND THE ORGANIZATION'S BUDGET ARE ALL TAKEN INTO ACCOUNT. RESULTS ARE THEN CONSIDERED BY THE EXECUTIVE COMMITTEE AND MEMORANDUM ISSUED TO CONFIRM SPECIFICS.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS OFFICE.
FORM 990, PART VI, SECTION C, LINE 19:MODIFIED CASH BASIS OF ACCOUNTING

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