LITTLE VILLAGE COMMUNITY FOUNDATION CORP: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LITTLE VILLAGE COMMUNITY FOUNDATION CORP (EIN 83-1667740)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202143199349326469
Schema version
2020v4.0
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)
Return2021-11-15T17:15:03-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273745829PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VIDAL & ASSOCIATES LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16767 N MILWAUKEE AVE STE 201AddressLine1Txt
CityNILESCityNm
State AbbreviationILStateAbbreviationCd
ZIP607144468ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN831667740EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LITTLE VILLAGE COMMUNITY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLITTBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13610 W 26TH STREET 2ND FLOORAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60623ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAN ARCEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7735215387PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANPersonFirstNm
Person LastARCEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGUSTAVO F VIDALPreparerPersonNm
PTINP00123971PTIN
Phone8472824626PhoneNum
Preparation2021-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1LITTLE VILLAGE COMMUNITY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerDAN ARCEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13624 W 26TH STREET SECOND FLOORAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60623ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,293,401GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressLVCFCHICAGO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION WILL PROMOTE INCREASES IN BUSINESS ACTIVITY IN THE LITTLE VILLAGE NEIGHBORHOOD IN CHICAGO.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$210,339PYContributionsGrantsAmt
CY Contributions Grants$1,800,283CYContributionsGrantsAmt
PY Program Service Revenue$35,000PYProgramServiceRevenueAmt
CY Program Service Revenue$493,118CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$245,339PYTotalRevenueAmt
CY Total Revenue$2,293,401CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,200PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$140,633CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$61,295PYOtherExpensesAmt
CY Other Expenses$419,415CYOtherExpensesAmt
PY Total Expenses$67,495PYTotalExpensesAmt
CY Total Expenses$560,048CYTotalExpensesAmt
PY Revenues Less Expenses$177,844PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,733,353CYRevenuesLessExpensesAmt
Total Assets BOY$202,874TotalAssetsBOYAmt
Total Assets EOY$1,927,341TotalAssetsEOYAmt
Total Liabilities BOY$15,093TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,207TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$187,781NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,921,134NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE ORGANIZATION WILL PROMOTE INCREASES IN BUSINESS ACTIVITY IN THE LITTLE VILLAGE NEIGHBORHOOD IN CHICAGO.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$475,136ExpenseAmt
DescTHE ORGANIZATION WILL PROMOTE INCREASES IN BUSINESS ACTIVITY IN THE LITTLE VILLAGE NEIGHBORHOOD IN CHICAGODesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$32,314ExpenseAmt
DescTHE ORGANIZATION WILL PROMOTE INCREASES IN BUSINESS ACTIVITY IN THE LITTLE VILLAGE NEIGHBORHOOD CHICAGO.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$32,314TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$507,450TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKIM CLOSEPersonNm
Phone7735215387PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13610 26TH STREETAddressLine1Txt
Address Line2SECOND FLOORAddressLine2Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60623ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JENNIFER AQUILAR
DIRECTORYes (X)$0$0$0
JASON ROBERTS
DIRECTORYes (X)$0$0$0
ARABEL ROSALES
DIRECTORYes (X)$0$0$0
NELI ROWLAND
TREASURERYes (X)$0$0$0
DAN ARCE
PRESIDENT$0$0$0Yes (X)
JUAN SALDANA
SECRETARY$0$0$0Yes (X)
VICENTE TORRES
SECRETARY$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$1,800,283AllOtherContributionsAmt
Total Contributions$1,800,283TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
BUSINESSES OF COLOR$138,750$138,750
R2R-AMAZON GRANT$100,000$100,000
CRFS-LVCF FISCAL AGENT$96,000$96,000
WEST SIDE UNITED$61,000$61,000
UNITED WAY$25,000$25,000

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$72,368TotalRevenueColumnAmt
Related Or Exempt Func Income$72,368RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$493,118TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,293,401TotalRevenueColumnAmt
Related Or Exempt Func Income$493,118RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$137,579TotalAmt
Program Services$114,394ProgramServicesAmt
Management And General$23,185ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,054TotalAmt
Program Services$1,527ProgramServicesAmt
Management And General$1,527ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$15,940TotalAmt
Program Services$9,440ProgramServicesAmt
Management And General$6,500ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$364,035TotalAmt
Program Services$350,873ProgramServicesAmt
Management And General$13,162ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$23,613TotalAmt
Program Services$23,613ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$13,076TotalAmt
Program Services$5,103ProgramServicesAmt
Management And General$7,973ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,500TotalAmt
Program Services$2,500ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$251TotalAmt
Management And General$251ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$560,048TotalAmt
Program Services$507,450ProgramServicesAmt
Management And General$52,598ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$53,430BOYAmt
EOY$1,694,845EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$145,444BOYAmt
EOY$207,496EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,000BOYAmt
EOY$25,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$202,874BOYAmt
EOY$1,927,341EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$15,093BOYAmt
EOY$6,207EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,093BOYAmt
EOY$6,207EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$187,781BOYAmt
EOY$1,921,134EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$187,781BOYAmt
EOY$1,921,134EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$202,874BOYAmt
EOY$1,927,341EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,733,353ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

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

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$10,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$210,339CurrentTaxYearMinus1YearAmt
Current Tax Year$1,800,283CurrentTaxYearAmt
Total$2,020,622TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$10,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$210,339CurrentTaxYearMinus1YearAmt
Current Tax Year$1,800,283CurrentTaxYearAmt
Total$2,020,622TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$2,020,622PublicSupportTotal170Amt
Total Support$2,020,622TotalSupportAmt
Gross Receipts Rltd Activities$538,118GrossReceiptsRltdActivitiesAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 1, PART I, LINE 6REQUIRED SERVICES TO ACCOMPLISH THE MISSION OF THE ORGANIZATION.
FORM 990, PAGE 2, PART III, LINE 4DTHE ORGANIZATION WILL PROMOTE INCREASES IN BUSINESS ACTIVITY IN THE LITTLE VILLAGE NEIGHBORHOOD CHICAGO.
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC
FORM 990, PART IX, LINE 11GBANK CHARGES 0 76 0 MEALS DISTRIBUTION EXPENSE 120,100 0 0 TAXES AND LICENSE 0 651 0 PROGRAM EXPENSES 36,232 0 0 TRAVEL 0 305 0 CONSULTANT 43,986 0 0 MANAGEMENT FEES 0 11,220 0 COVID-19 MICRO GRANTS 150,555 0 0 MEALS& ENTERTAINMENT 0 910 0 TOTAL 350,873 13,162 0

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