2023-05-15T08:08:53-05:00 2022-06-30 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2021-07-01 862992544 NORTH AUSTIN COMMUNITY CENTER NORT 3126261600 53 N LARAMIE BLVD CHICAGO IL 60639 DONNITA TRAVIS SECRETARY 3126261600 2023-05-05 1 DONNITA TRAVIS XXX-XX-XXXX PHILIP H CORNBLATT CPA P00252478 4107834900 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DONNITA TRAVIS 53 N LARAMIE BLVD CHICAGO IL 60639 12967746 0 X N/A X 2020 IL TO SERVE YOUTH, FAMILIES, AND OTHER COMMUNITY RESIDENTS IN THE ECONOMICALLY DISADVANTAGED CHICAGO NEIGHBORHOOD OF AUSTIN AND SURROUNDING COMMUNITIES, BY BUILDING A COMMUNITY AND EDUCATIONAL CENTER THAT PROVIDES AMATEUR SPORTS ACTIVITIES, EDUCATION, AND WELLNESS OPPORTUNITIES. 3 3 0 0 0 0 200000 12967746 0 0 0 0 0 0 200000 12967746 0 0 0 0 0 0 0 0 4117 10 56067 10 56067 199990 12911679 199990 36756404 0 23644735 199990 13111669 X IT IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) TO SERVE YOUTH, FAMILIES, AND OTHER COMMUNITY RESIDENTS IN THE ECONOMICALLY DISADVANTAGED CHICAGO NEIGHBORHOOD OF AUSTIN AND SURROUNDING COMMUNITIES, THROUGH A COMMUNITY AND EDUCATIONAL CENTER THAT PROVIDES AMATEUR SPORTS ACTIVITIES, EDUCATION, AND WELLNESS OPPORTUNITIES. 0 0 49864 A COMMUNITY AND EDUCATIONAL CENTER THAT PROVIDES AMATEUR SPORTS ACTIVITIES, EDUCATION, AND WELLNESS OPPORTUNITIES. AS OF JUNE 30, 2022, THE CENTER WAS STILL UNDER CONSTRUCTION. 49864 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IL X DONNITA TRAVIS 3126261600 53 N LARAMIE BLVD CHICAGO IL 60639 X DONNITA TRAVIS SECRETARY 4.00 2.00 X 0 0 0 BRIAN MUSSO TREASURER 2.00 1.00 X 0 0 0 JOHN ZAYAS PRESIDENT 2.00 1.00 X 0 0 0 0 0 0 0 0 0 0 0 912128 12055618 12967746 12967746 0 0 0 19690 19690 10000 7914 2086 20184 20184 FUNDRAISING FEE 4117 4117 BANK FEES 2076 2076 56067 49864 2086 4117 199990 11614072 0 3931941 0 912128 3143874 0 3143874 329539 0 694974 0 16129876 199990 36756404 0 3069690 0 20575045 0 23644735 X 199990 13111669 199990 13111669 199990 36756404 12911679 0 X X 0 1 X 1 0 X 200000 12967746 13167746 200000 12967746 13167746 0 0 0 13167746 200000 12967746 13167746 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3143874 3143874 3143874 CONSTRUCTION IN PROGRESS 16094466 PREPAID EXPENSES 35410 16129876 X 13167746 200000 200000 12967746 0 12967746 56077 10 10 56067 0 56067 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. FOR THE PERIOD APRIL 6, 2021 (DATE OF INCEPTION) TO JUNE 30, 2022, THERE WAS NO UNRELATED BUSINESS INCOME. FASB ACCOUNTING STANDARDS CODIFICATION GUIDANCE REQUIRES RECOGNITION OF THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. BECAUSE THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A 501(C)(3) ENTITY, THIS GUIDANCE DOES NOT CURRENTLY HAVE ANY IMPACT ON THE FINANCIAL STATEMENTS. THE ORGANIZATION ALSO DOES NOT ANTICIPATE THAT THE PROVISIONS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL HAVE ANY FUTURE SIGNIFICANT IMPACT ON ITS FINANCIAL STATEMENTS. HOWEVER, ADDITIONAL DISCLOSURES MAY BE REQUIRED OF FUTURE SITUATIONS, IF ANY, WHERE THE ORGANIZATION'S TAX POSITIONS ARE CONSIDERED UNCERTAIN. FOR THE YEAR ENDED JUNE 30, 2022, THE ORGANIZATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ALL NONPROFIT CORPORATIONS ARE REQUIRED TO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTIONS RECOGNIZED ON THE PRIOR RETURN 200,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE RECOGNIZED ON PRIOR RETURN 10. FORM 990, PART VI, SECTION A, LINE 3 BOOKKEEPING FUNCTIONS HAVE BEEN DELEGATED TO BLOOMING VENTURES LLC. CONSTRUCTION MANAGEMENT AND PROJECT MANAGEMENT HAVE BEEN DELEGATED TO TOM SHANNON. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY BLOOMING VENTURES LLC (BOOKKEEPER) AND DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR NORTH AUSTIN COMMUNITY OUTREACH 53 W JACKSON BLVD SUITE 1734 CHICAGO IL 60604 872537045 SERVE NACC AND THE OTHER PUBLIC CHARITIES HOUSED AT NACC IL 501(C)(3) LINE 12A, I NORTH AUSTIN COMMUNITY CENTER 0 NORTH AUSTIN LEVERAGE LENDER LLC 53 W JACKSON BLVD SUITE 1734 CHICAGO IL 60604 870964370 INVESTMENT IL NORTH AUSTIN COMMUNITY CENTER RELATED 140439 469978 0 1 0.00790 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NORTH AUSTIN LEVERAGE LENDER B 329539 CASH