PRESERVATION CHICAGO NFP: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PRESERVATION CHICAGO NFP (EIN 01-0674228)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-07-01
IRS object ID
202501829349300500
Schema version
2024v5.2
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)
Return2025-07-01T00:31:51-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-07-01SignatureDt
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)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$1,830,755GrossReceiptsAmt
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 Employee5TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,577,096PYContributionsGrantsAmt
CY Contributions Grants$1,739,292CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$39,283PYInvestmentIncomeAmt
CY Investment Income$87,493CYInvestmentIncomeAmt
PY Other Revenue$943PYOtherRevenueAmt
CY Other Revenue$3,464CYOtherRevenueAmt
PY Total Revenue$1,617,322PYTotalRevenueAmt
CY Total Revenue$1,830,249CYTotalRevenueAmt
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$341,447PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$379,718CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$82,413CYTotalFundraisingExpenseAmt
PY Other Expenses$130,474PYOtherExpensesAmt
CY Other Expenses$256,382CYOtherExpensesAmt
PY Total Expenses$471,921PYTotalExpensesAmt
CY Total Expenses$636,100CYTotalExpensesAmt
PY Revenues Less Expenses$1,145,401PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,194,149CYRevenuesLessExpensesAmt
Total Assets BOY$1,393,136TotalAssetsBOYAmt
Total Assets EOY$2,623,718TotalAssetsEOYAmt
Total Liabilities BOY$9,604TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,031TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,383,532NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,616,687NetAssetsOrFundBalancesEOYAmt
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$440,593ExpenseAmt
Desc2024 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: CENTURY & THE CONSUMERS BUILDING, THOMPSON CENTER, ST. ADALBERT PARISH COMPLEX, RECTOR BUILDING, WAX TRAX! RECORDS, 161 E. ERIE, HARRIS TRUST & SAVINGS BANK, KINGDOM BAPTIST CHURCH, HYDE PARK UNION CHURCH, WERNER BROTHERS STORAGE, RAMOVA THEATER, MARSHALL SQUARE THEATER, CONGRESS THEATER. MARS CHOCOLATE FACTORY, CRITTENTON ANCHORAGE, STOCK YARDS BANK, HUMBOLDT PARK RECEPTORY BUILDING AND STABLE, LUDLOW TYPOGRAPH COMPANY, AND MANY MORE.OUR INNOVATIVE LEVERAGED IMPACT ADVOCACY MODEL USES AMPLIFICATION AND PROTECTION TO CATALYZE THE TARGETED STRATEGIC INVESTMENT ESSENTIAL TO ALLOW OUR COMMUNITIES TO BEGIN TO HEAL. THIS DYNAMIC ADVOCACY MODEL HAS SUCCESSFULLY HARNESSED THE POWER OF HISTORIC PRESERVATION AND CATALYZED HUNDREDS OF MILLIONS OF DOLLARS OF PUBLIC AND PRIVATE INVESTMENT, PRIMARILY IN COMMUNITIES OF DISINVESTMENT. EVERYTHING WE DO IS PRO BONO.BY MOBILIZING WIDESPREAD GOODWILL THROUGH EXTENSIVE MEDIA COVERAGE, AND DEPLOYING ROBUST LANDMARK PROTECTIONS AGAINST DEMOLITION, WE CREATE THE STABILITY NECESSARY TO SECURE THE PUBLIC, PRIVATE AND PHILANTHROPIC FUNDING ESSENTIAL FOR CONVERTING LONG-NEGLECTED HISTORIC ASSETS INTO DYNAMIC NEIGHBORHOOD ANCHORS.STEP 1 - AMPLIFICATION: WE INFORMALLY PARTNER WITH THE PRESS. IN 2024, THERE WERE 428 NEWS STORIES ABOUT THE HISTORIC BUILDINGS WE ADVOCATED FOR AND WE WERE QUOTED OR MENTIONED IN 223 OF THESE STORIES.STEP 2 - PROTECTION: IN 2024, WE TESTIFIED OVER 106 TIMES AT CITY HALL MEETINGS TO HELP GENERATE 11 NEW CHICAGO LANDMARKS, TO SUPPORT ADOPT-A-LANDMARK AWARDS, AND TO SUPPORT CLASS L DESIGNATIONS.STEP 3 - INVESTMENT: WITHOUT GRANTMAKING CAPACITY OURSELVES, WE HARNESS MASSIVE MUNICIPAL AND PRIVATE INVESTMENT. IN 2024, CHICAGO ANNOUNCED AN $2.4M INVESTMENT THROUGH ADOPT-A-LANDMARK FUNDS. WE WERE DIRECTLY INVOLVED WITH ALL 3 OF THE SITES SELECTED.Desc
Total Program Service Expenses$440,593TotalProgramServiceExpensesAmt
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 Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee5EmployeeCnt
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 PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
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)$106,500$0$15,857
FieldValueIRS element (for citing)
Total Reportable Comp From Org$106,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$15,857TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,739,292AllOtherContributionsAmt
Total Contributions$1,739,292TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$87,493TotalRevenueColumnAmt
Exclusion$87,493ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$2,623GrossSalesOfInventoryAmt
Cost Of Goods Sold$506CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,117TotalRevenueColumnAmt
Related Or Exempt Func Income$2,117RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$1,347TotalRevenueColumnAmt
Related Or Exempt Func Income$1,347RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,347OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,830,249TotalRevenueColumnAmt
Related Or Exempt Func Income$3,464RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$87,493ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$122,357TotalAmt
Program Services$104,003ProgramServicesAmt
Management And General$6,118ManagementAndGeneralAmt
Fundraising$12,236FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$211,126TotalAmt
Program Services$158,343ProgramServicesAmt
Management And General$22,117ManagementAndGeneralAmt
Fundraising$30,666FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$26,512TotalAmt
Program Services$19,719ProgramServicesAmt
Management And General$2,868ManagementAndGeneralAmt
Fundraising$3,925FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$19,723TotalAmt
Program Services$15,453ProgramServicesAmt
Management And General$1,704ManagementAndGeneralAmt
Fundraising$2,566FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,035TotalAmt
Management And General$23,035ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$12,510TotalAmt
Management And General$12,510ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$81,058TotalAmt
Program Services$81,058ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$20,213TotalAmt
Program Services$3,814ProgramServicesAmt
Management And General$7,017ManagementAndGeneralAmt
Fundraising$9,382FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,895TotalAmt
Program Services$68ProgramServicesAmt
Management And General$6,827ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$43,976TotalAmt
Program Services$32,969ProgramServicesAmt
Management And General$6,886ManagementAndGeneralAmt
Fundraising$4,121FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$25,425TotalAmt
Management And General$12,712ManagementAndGeneralAmt
Fundraising$12,713FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$10,139TotalAmt
Program Services$1,555ProgramServicesAmt
Management And General$6,285ManagementAndGeneralAmt
Fundraising$2,299FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,064TotalAmt
Management And General$2,064ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,951TotalAmt
Management And General$2,951ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
LIBRARY EXPENSES$20,450$20,450
GIFT EXPENSES$3,788$0$3,788
PUBLICATION EXPENSES$3,161$3,161
FUNDRAISING EXPENSES$717$717

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$636,100TotalAmt
Program Services$440,593ProgramServicesAmt
Management And General$113,094ManagementAndGeneralAmt
Fundraising$82,413FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$123,800BOYAmt
EOY$209,008EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,164,075BOYAmt
EOY$89,711EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,243LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$14,030LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$15,277BOYAmt
EOY$13,213EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$89,984BOYAmt
EOY$2,311,786EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,393,136BOYAmt
EOY$2,623,718EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,604BOYAmt
EOY$7,031EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,604BOYAmt
EOY$7,031EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$233,529BOYAmt
EOY$326,576EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,150,003BOYAmt
EOY$2,290,111EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,383,532BOYAmt
EOY$2,616,687EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,393,136BOYAmt
EOY$2,623,718EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,194,149ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$39,006NetUnrlzdGainsLossesInvstAmt
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$316,670CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$509,317CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$397,869CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$427,096CurrentTaxYearMinus1YearAmt
Current Tax Year$589,292CurrentTaxYearAmt
Total$2,240,244TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$316,670CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$509,317CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$397,869CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$427,096CurrentTaxYearMinus1YearAmt
Current Tax Year$589,292CurrentTaxYearAmt
Total$2,240,244TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,435,384SubstantialContributorsTotAmt
Public Support Total170$804,860PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,593CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$177CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$40,868CurrentTaxYearMinus1YearAmt
Current Tax Year$87,493CurrentTaxYearAmt
Total$130,142TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$558CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$1,247CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,214CurrentTaxYearMinus1YearAmt
Current Tax Year$1,347CurrentTaxYearAmt
Total$4,366TotalAmt
FieldValueIRS element (for citing)
Total Support$2,374,752TotalSupportAmt
Gross Receipts Rltd Activities$9,687GrossReceiptsRltdActivitiesAmt
Public Support CY1700.33890PublicSupportCY170Pct
Public Support PY1700.35400PublicSupportPY170Pct
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 - 2ND AND FINAL PAYMENT DATE: 03/15/24 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)
Beginning Year Balance$1,150,003BeginningYearBalanceAmt
Contributions$1,150,000ContributionsAmt
Investment Earnings Or Losses$108,658InvestmentEarningsOrLossesAmt
Administrative Expenses$123,550AdministrativeExpensesAmt
End Year Balance$2,285,111EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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$14,030DepreciationAmt
Book Value$13,213BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$13,213TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,856,745TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$39,006NetUnrealizedGainsInvstAmt
Revenue Not Reported$39,006RevenueNotReportedAmt
Revenue Subtotal$1,817,739RevenueSubtotalAmt
Investment Expenses Not Incld$12,510InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$12,510RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,830,249TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$623,590TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$623,590ExpensesSubtotalAmt
Investment Expenses Not Incld2$12,510InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$12,510ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$636,100TotalExpensesPerForm990Amt

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 YEAR 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, 2024, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 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 IX, LINE 11GVIRTUAL REALITY PROJECT CONSULTANT: PROGRAM SERVICE EXPENSES 81,058. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,058.
FORM 990, PART VI, SECTION C, LINE 19:MODIFIED CASH BASIS OF ACCOUNTING

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