MARWEN FOUNDATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MARWEN FOUNDATION (EIN 36-3523622)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-10-04
- IRS object ID
- 202132779349300218
- Schema version
- 2020v4.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-10-04T12:41:59-04:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 364124699 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Benford Brown and Associates LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8334 S Stony Island Ave | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60617 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363523622 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Marwen Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MARW | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 833 North Orleans Street | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60610 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Wesley Moran | PersonNm |
| Person Title | DIrector of Fin | PersonTitleTxt |
| Phone | 3129442418 | PhoneNum |
| Signature | 2021-08-26 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Wesley | PersonFirstNm |
| Person Last | Moran | PersonLastNm |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Marcus Gulley | PreparerPersonNm |
| PTIN | P02209691 | PTIN |
| Phone | 7737311300 | PhoneNum |
| Preparation | 2021-10-04 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| OOB Security Verification | 00 | OOBSecurityVerificationCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,708,921 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.marwen.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | Marwen educates and inspires young people from under-resourced communities and schools through free visual arts programs. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 25 | TotalEmployeeCnt |
| Total Gross UBI | $10,747 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,718,514 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,914,169 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,288 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $32,665 | CYProgramServiceRevenueAmt |
| PY Investment Income | $327,197 | PYInvestmentIncomeAmt |
| CY Investment Income | $202,561 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$122,030 | PYOtherRevenueAmt |
| CY Other Revenue | -$12,201 | CYOtherRevenueAmt |
| PY Total Revenue | $1,968,969 | PYTotalRevenueAmt |
| CY Total Revenue | $2,137,194 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,384,642 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,521,079 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $383,868 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,060,346 | PYOtherExpensesAmt |
| CY Other Expenses | $887,179 | CYOtherExpensesAmt |
| PY Total Expenses | $2,444,988 | PYTotalExpensesAmt |
| CY Total Expenses | $2,408,258 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$476,019 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$271,064 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,767,021 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,555,233 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,909,359 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,932,803 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $15,857,662 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,622,430 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Marwen educates and inspires young people from under-resourced communities and schools through free visual arts programs. | MissionDesc |
| Expense | $1,084,980 | ExpenseAmt |
| Revenue | $10,785 | RevenueAmt |
| Desc | Art Studio and Lab -Through courses and workshops, students are empowered to develop artistic skills, experiment with various media, and discover new interests and ideas. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $531,450 | ExpenseAmt |
| Revenue | $21,880 | RevenueAmt |
| Desc | College, Career, and Alumni Programs - Students and families are supported through counseling, workshops, and events as they transition to college and the workforce. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $203,980 | ExpenseAmt |
| Desc | Teaching and Learning - Teaching artists have the opportunity to refine their teaching practice through assessment of student learning, feedback from surveys, and reflection on their practice. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,820,410 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 104 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 25 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Wes Moran | PersonNm |
| Phone | 3129442418 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 833 North Orleans | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|---|
| Akilah A Halley | ||||||||
| Executive Director | 40.00 | 0.00 | Yes (X) | $169,000 | $0 | $0 | ||
| Carmita Semaan | ||||||||
| Vice Chairman | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Britt Nolan | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Ruchika Sohoni | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Elliot K Rawls | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Katherine Scott | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Sally I Pofcher | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Elizabeth Brady | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Sarah Banasiak | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Kevin Berg | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Jason Mirach | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Acasia Wilson Feinberg | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Chiara Wrocinski | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Lee Oberlander | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Michael Fassnacht | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Chris Paloian Fixler | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| James S Hill III | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Steven P Berkowitz | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Amy G Bluhm | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Caryn Englander | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Gail F Marks | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Nils Larsen | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Andy S Jacobs | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Todd Heiser | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| Isa Pressman | ||||||||
| Chairman | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Robert Buchsbaum | ||||||||
| Treasurer | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Molly Morse Limmer | ||||||||
| Secretary | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Marcy Carlin | ||||||||
| Trustee | 0.50 | 0.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $169,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Fundraising | $307,568 | FundraisingAmt |
| Government Grants | $474,774 | GovernmentGrantsAmt |
| All Other Contributions | $1,131,827 | AllOtherContributionsAmt |
| Noncash Contributions | $18,829 | NoncashContributionsAmt |
| Total Contributions | $1,914,169 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Career Program Design | 900099 | $21,880 | $21,880 |
| Art StudioEvents | 900099 | $10,785 | $10,785 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $32,665 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $196,020 | TotalRevenueColumnAmt |
| Exclusion | $196,020 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $245,029 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $234,282 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $10,747 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,747 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $10,747 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,317,991 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,311,450 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,541 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,541 | TotalRevenueColumnAmt |
| Exclusion | $6,541 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $307,568 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $25,995 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$25,995 | TotalRevenueColumnAmt |
| Exclusion | -$25,995 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,047 | TotalRevenueColumnAmt |
| Exclusion | $3,047 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,047 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,137,194 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,665 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $10,747 | UnrelatedBusinessRevenueAmt |
| Exclusion | $179,613 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $278,504 | TotalAmt |
| Program Services | $113,446 | ProgramServicesAmt |
| Management And General | $109,978 | ManagementAndGeneralAmt |
| Fundraising | $55,080 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,027,124 | TotalAmt |
| Program Services | $758,350 | ProgramServicesAmt |
| Management And General | $31,931 | ManagementAndGeneralAmt |
| Fundraising | $236,843 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,340 | TotalAmt |
| Program Services | $77,795 | ProgramServicesAmt |
| Management And General | $12,573 | ManagementAndGeneralAmt |
| Fundraising | $25,972 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,111 | TotalAmt |
| Program Services | $66,274 | ProgramServicesAmt |
| Management And General | $10,711 | ManagementAndGeneralAmt |
| Fundraising | $22,126 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $324,701 | TotalAmt |
| Program Services | $301,567 | ProgramServicesAmt |
| Management And General | $12,000 | ManagementAndGeneralAmt |
| Fundraising | $11,134 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,460 | TotalAmt |
| Program Services | $10,711 | ProgramServicesAmt |
| Management And General | $1,538 | ManagementAndGeneralAmt |
| Fundraising | $5,211 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,457 | TotalAmt |
| Program Services | $32,095 | ProgramServicesAmt |
| Management And General | $1,873 | ManagementAndGeneralAmt |
| Fundraising | $3,489 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,442 | TotalAmt |
| Program Services | $49,838 | ProgramServicesAmt |
| Management And General | $1,042 | ManagementAndGeneralAmt |
| Fundraising | $1,562 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,576 | TotalAmt |
| Program Services | $8,649 | ProgramServicesAmt |
| Management And General | $4,061 | ManagementAndGeneralAmt |
| Fundraising | $866 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,846 | TotalAmt |
| Program Services | $80,604 | ProgramServicesAmt |
| Management And General | $1,697 | ManagementAndGeneralAmt |
| Fundraising | $2,545 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,284 | TotalAmt |
| Program Services | $244,420 | ProgramServicesAmt |
| Management And General | $5,146 | ManagementAndGeneralAmt |
| Fundraising | $7,718 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,340 | TotalAmt |
| Program Services | $15,520 | ProgramServicesAmt |
| Management And General | $3,330 | ManagementAndGeneralAmt |
| Fundraising | $490 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| Publications and printing | $16,125 | $14,583 | $1,542 | |
| Supplies and subscriptions | $42,202 | $32,687 | $8,808 | $707 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,746 | TotalAmt |
| Program Services | $13,871 | ProgramServicesAmt |
| Management And General | $7,393 | ManagementAndGeneralAmt |
| Fundraising | $482 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,408,258 | TotalAmt |
| Program Services | $1,820,410 | ProgramServicesAmt |
| Management And General | $203,980 | ManagementAndGeneralAmt |
| Fundraising | $383,868 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $317,325 | BOYAmt |
| EOY | $884,346 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $328,298 | BOYAmt |
| EOY | $381,261 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,106 | BOYAmt |
| EOY | $137,592 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,055 | BOYAmt |
| EOY | $30,320 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,399,869 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,055,725 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,680,853 | BOYAmt |
| EOY | $8,344,144 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,280,010 | BOYAmt |
| EOY | $10,667,867 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,374 | BOYAmt |
| EOY | $109,703 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,767,021 | BOYAmt |
| EOY | $20,555,233 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $216,167 | BOYAmt |
| EOY | $234,675 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,693,192 | BOYAmt |
| EOY | $3,698,128 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,909,359 | BOYAmt |
| EOY | $3,932,803 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,826,238 | BOYAmt |
| EOY | $16,102,327 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,031,424 | BOYAmt |
| EOY | $520,103 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,857,662 | BOYAmt |
| EOY | $16,622,430 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,767,021 | BOYAmt |
| EOY | $20,555,233 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$271,064 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $985,832 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $50,000 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,128,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,624,557 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,964,045 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,718,514 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,914,169 | CurrentTaxYearAmt |
| Total | $10,349,562 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,128,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,624,557 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,964,045 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,718,514 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,914,169 | CurrentTaxYearAmt |
| Total | $10,349,562 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,070,384 | SubstantialContributorsTotAmt |
| Public Support Total170 | $9,279,178 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $157,345 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $184,858 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $209,127 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $287,058 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $196,020 | CurrentTaxYearAmt |
| Total | $1,034,408 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $11,383,970 | TotalSupportAmt |
| Public Support CY170 | 0.81510 | PublicSupportCY170Pct |
| Public Support PY170 | 0.84460 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,335,613 | OtherCostOrOtherBasisAmt |
| Book Value | $1,335,613 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,366,021 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,500,877 | DepreciationAmt |
| Book Value | $6,865,144 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $698,235 | OtherCostOrOtherBasisAmt |
| Depreciation | $554,848 | DepreciationAmt |
| Book Value | $143,387 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,344,144 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $3,173,026 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $985,832 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $50,000 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,035,832 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,137,194 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $2,137,194 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,408,258 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $2,408,258 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $2,408,258 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DinnerAucti | Event1Nm |
| Gross Receipts Event1 | $259,089 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $259,089 | CharitableContriEvent1Amt |
| Other Direct Expenses Event1 | $7,231 | OtherDirectExpensesEvent1Amt |
| Event2 | Art Fair | Event2Nm |
| Gross Receipts Event2 | $53,308 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $48,479 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $4,829 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $4,829 | NonCashPrizesEvent2Amt |
| Other Direct Expenses Event2 | $18,764 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $312,397 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $307,568 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $4,829 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $4,829 | NonCashPrizesTotalEventsAmt |
| Oth Direct Expnss Total Events | $25,995 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $30,824 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$25,995 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Akilah A Halley | PersonNm |
| Title | Executive Director | TitleTxt |
| Base Compensation Filing Org | $162,616 | BaseCompensationFilingOrgAmt |
| Other Compensation Filing Org | $6,384 | OtherCompensationFilingOrgAmt |
| Total Compensation Filing Org | $169,000 | TotalCompensationFilingOrgAmt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Illinois Finance Authority | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 861091967 | BondIssuerEIN |
| CUSIP | 05200FMN6 | CUSIPNum |
| Bond Issued | 2018-08-21 | BondIssuedDt |
| Issue Price | $5,080,000 | IssuePriceAmt |
| Purpose | See Schedule K Part VI | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $1,270,000 | RetiredAmt |
| Total Proceeds | $5,080,000 | TotalProceedsAmt |
| Capitalized Interest | $27,402 | CapitalizedInterestAmt |
| Refunding Escrow | $2,228,852 | RefundingEscrowAmt |
| Credit Enhancement | $33,000 | CreditEnhancementAmt |
| Capital Expenditures | $2,790,746 | CapitalExpendituresAmt |
| Substantial Completion | 2008 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (true) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | false | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | Yes (true) | NoRebateDueInd |
| Variable Rate Issue | Yes (true) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Different 12-month period (Schedule K, general information) | FormAndLineReferenceDesc |
| Explanation | These bonds were issued to provide funds to Marwen to be used to (i) finance the cost of acquiring the third and fourth floors, one-half of the basement, one-half of the parking lot at 833 North Orleans, Chicago, Illinois;(ii) contruct, renovate, install, equip, and furnish staff office and conference room facilities; (iii) refinance the $2,200,000 of the Illinois Educational Facilities Authority ACI/Cultural Pooled Financing Program Series 1999 Bonds; (iv) pay a portion of the interest on these bonds for approximately 6 months; and (v) pay certain costs of issuance of these bonds and the refinancing. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Unrelated business income explanation Part V line 3b | Rental income and related expenses as reported on the 990-T. |
| Form 990 governing body review Part VI line 11 | The Board of Trustees has delegated the authority to review and approve Marwens Form 990 to the Finance Committee. All Trustees are provided a complete copy after approval for a final review prior to filing the form. |
| Conflict of interest policy compliance Part VI line 12c | Officers and Trustees are required to complete a Conflict of Interest Statement each year identifying any interest that could give rise to conflicts. These forms are reviewed and lists of potential conflicts are prepared and used to monitor the Officers and Trustees involvement with decisions throughout the year. If a matter is brought before the board regarding a company where an Officer or Trustee has a conflict, the Officer or Trustee would be asked to recuse him/herself. |
| CEO executive director top management comp Part VI line 15a | Periodically, a salary survey is conducted to include compensation of the top management officials at similarly sized non-profit organizations in the same georgraphic locale. This survey is provided to the executive leadership of the Executive Committee of the Board of Trustees. In addition, independent non-profit salary surveys are reviewed by Board leadership. This includes the Board Chairman and Vice Chairman. These individuals review the performance of the Executive Director over the past year considering progress toward accomplishment of individual and organizational goals, the financial strength of the organization and the salary survey provided. These considerations result in new goals for the upcoming year and decision on compensation. The process was documented. |
| Other officer or key employee compensation Part VI line 15b | Periodically, a salary survey is conducted to include compensation of the top management officials at similarly sized non-profit organizations in the same georgraphic locale. The performance of these individuals over the past year is reviewed in connection with progress towards accomplishment of individual and organizationas goals, financial strength of the organization and the salary survey provided. These considerations result in new goals for the upcoming year and decision on compensation which is then communicated to the Director of Finance for implementation. The process was documented. |
| Governing documents etc available to public Part VI line 19 | Copies of the organizations audited financial statements are made available on Marwens website. Copies of the organizations governing documents are available to the public upon request at the organizations office for the same period of disclosure as set forth in IRC section 6104 (d). |
| List of other fees for services expenses Part IX line 11g | Contracted teaching a course facilitator services - $301,567Contracted development services - $12,000Contracted administrative services - $11,134 |
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