Preservation Chicago Nfp
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 01-0674228
Organization Overview
Preservation Chicago Nfp is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Preservation Chicago Nfp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Chicago Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Preservation Chicago Nfp generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $471.9k during the year ending 12/2023. While expenses have increased by 20.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION CHICAGO LEVERAGES THE POWER OF HISTORIC PRESERVATION TO CREATE HEALTHY COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 PROVED TO BE REMARKABLE. MANY LONG-ENDANGERED BUILDINGS FINALLY EMERGED AS PRESERVATION 'WINS' THROUGH LANDMARKING. PRESERVATION CHICAGO HAS BEEN DEEPLY ENGAGED WITH MANY OF THESE LONG-TERM EFFORTS AND OUR LEADERSHIP AND INVOLVEMENT WITH THESE ADVOCACY EFFORTS PROVED DECISIVE. AFTER SO MANY YEARS OF EFFORT, TO FINALLY SEE THESE BUILDINGS IN A SAFE PLACE IS BOTH WONDERFULLY EXHILARATING AND PROVIDES AS PROFOUND SENSE OF RELIEF. A FEW HIGHLIGHTS INCLUDE: PROMONTORY POINT LANDMARKED (23-YEAR EFFORT), CENTURY & CONSUMERS BUILDINGS LANDMARKED (17-YEAR EFFORT), GREATER UNION BAPTIST CHURCH LANDMARKED (5-YEAR EFFORT), EPWORTH CHURCH LANDMARKED (4-YEAR EFFORT), GREATER TABERNACLE CATHEDRAL LANDMARKED (3-YEAR EFFORT), CLARK-NETSCH HOUSE LANDMARKED (3-YEAR EFFORT), AND THE WAREHOUSE LANDMARKED (36-DAY EFFORT) AND MORE.2023 SAW AN INCREASE IN MISSION-DRIVEN ACTIVITIES. WE'VE BEEN ABLE TO ADVOCATE FOR MORE BUILDINGS, RAISE MORE FUNDS, SPEAK AT MORE HEARINGS AND PUBLIC MEETINGS, HOLD MORE EVENTS AND EDUCATIONAL TOURS, GIVE MORE NEWSPAPER INTERVIEWS, WRITE MORE COMPREHENSIVE NEWSLETTERS, AND ENGAGE MORE ON SOCIAL MEDIA. THESE ACTIVITIES RESULTED IN MORE BUILDINGS SAVED, MORE PRESERVATION-ORIENTED DECISIONS, AND GREATER ATTENTION TO LOST BUILDINGS WITH THE LONG-TERM VISION OF CATALYZING HEALTHY, SUSTAINABLE, PROSPEROUS, EQUITABLE CHICAGO COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Suster President | OfficerTrustee | 5 | $0 |
Jacob Kaplan Vice President | OfficerTrustee | 5 | $0 |
Stuart Berman Treasurer | OfficerTrustee | 5 | $0 |
Debbie Dodge Secretary | OfficerTrustee | 5 | $0 |
Cathie Bond Board Member | Trustee | 2 | $0 |
Diane Gonzalez Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,560,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,577,096 |
| Total Program Service Revenue | $0 |
| Investment income | $39,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$271 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,617,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,224 |
| Compensation of current officers, directors, key employees. | $5,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,699 |
| Payroll taxes | $20,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,011 |
| Advertising and promotion | $0 |
| Office expenses | $17,195 |
| Information technology | $6,827 |
| Royalties | $0 |
| Occupancy | $37,764 |
| Travel | $18,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,992 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,711 |
| Insurance | $3,214 |
| All other expenses | $0 |
| Total functional expenses | $471,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,800 |
| Savings and temporary cash investments | $1,164,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,277 |
| Investments—publicly traded securities | $89,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,393,136 |
| Accounts payable and accrued expenses | $9,604 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,604 |
| Net assets without donor restrictions | $233,529 |
| Net assets with donor restrictions | $1,150,003 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,393,136 |