A Better Chicago
- Assets
- $16.1m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Chicago, IL
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-4499625
Organization Overview
A Better Chicago is located in Chicago, IL. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, A Better Chicago employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Better Chicago 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, A Better Chicago generated $8.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, A Better Chicago has awarded 134 individual grants totaling $19,897,982. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A BETTER CHICAGO IS CHANGING HOW CHICAGO FIGHTS POVERTY BY INVESTING IN BOLD IDEAS THAT CREATE OPPORTUNITY FOR OUR YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN LINE WITH THE ORGANIZATION'S MISSION AND VALUES, A BETTER CHICAGO PROVIDED FINANCIAL GRANTS TO ORGANIZATIONS THAT ARE EQUIPPING PEOPLE WITH EDUCATION, SKILLS AND CREDENTIALS TO EMPOWER THEM TO REACH THEIR POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Swanson CEO | Officer | 50 | $371,688 |
Becky Betts Chief Marketing Officer | 50 | $192,816 | |
Walter Mccloskey CFO | Officer | 50 | $179,759 |
Nataly Barrera Portfolio Director, Venture/ca | 50 | $146,948 | |
Chelsea Huszar Director Of Development | 50 | $142,923 | |
William V Krehbiel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,435,483 |
| Noncash contributions included in lines 1a–1f | $379,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,435,483 |
| Total Program Service Revenue | $0 |
| Investment income | $245,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,681,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,319,065 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $583,749 |
| Other salaries and wages | $1,393,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $195,953 |
| Payroll taxes | $143,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $94,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,156 |
| Advertising and promotion | $409,067 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $234,485 |
| Travel | $7,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,898 |
| Insurance | $9,037 |
| All other expenses | $37,453 |
| Total functional expenses | $7,645,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,936,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,435,376 |
| 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 | $122,756 |
| Net Land, buildings, and equipment | $12,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,319 |
| Other assets | $567,982 |
| Total assets | $16,113,219 |
| Accounts payable and accrued expenses | $244,058 |
| Grants payable | $225,000 |
| 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 | $606,836 |
| Total liabilities | $1,075,894 |
| Net assets without donor restrictions | $7,423,473 |
| Net assets with donor restrictions | $7,613,852 |
| 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 | $16,113,219 |
Grants Awarded
Over the last fiscal year, A Better Chicago has awarded $3,845,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ONE MILLION DEGREES PURPOSE: Community Development | $250,000 |
CHICAGO SCHOLARS PURPOSE: Community Development | $250,000 |
KIPP CHICAGO SCHOOLS PURPOSE: Community Development | $50,000 |
INTRINSIC SCHOOLS PURPOSE: Community Development | $150,000 |
BOTTOM LINE PURPOSE: Community Development | $300,000 |
COLLEGE POSSIBLE PURPOSE: Community Development | $200,000 |