Chicago Instructional Technology Foundation Inc
- Assets
- $16.9m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Longmont, CO
- Founding
- 03/2001
- Data as of
- 03/2023
- EIN
- 36-3833118
Organization Overview
Chicago Instructional Technology Foundation Inc, operating under the name Voqal Chicago, is located in Longmont, CO. The organization was established in 2001. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voqal Chicago is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2023, Voqal Chicago generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $11.1m during the year ending 03/2023. While expenses have increased by 29.2% per year over the past 8 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.
Since 2016, Voqal Chicago has awarded 246 individual grants totaling $11,687,007. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOQAL CHICAGO PARTICIPATES IN THE EDUCATION OPPORTUNITY PROJECT (EOP). THE EOP AIMS TO MEASURABLY REDUCE EDUCATIONAL OPPORTUNITY GAPS BY PROVIDING CAPITAL AND STRATEGIC ADVICE TO ENTREPRENEURS AND ORGANIZATIONS WORKING TO IMPROVE EDUCATIONAL OUTCOMES FOR DISADVANTAGED POPULATIONS. VOQAL NONPROFITS COLLECTIVELY SPENT $505,200 IN THE FISCAL YEAR 2023 PROGRAM WITH VOQAL CHICAGO CONTRIBUTING $393,885 TO THE PROGRAM.
VOQAL CHICAGO IS PROUD TO BE PART OF THE VOQAL FELLOWSHIP. THE VOQAL FELLOWSHIP IS AN INVESTMENT IN PEOPLE AS INDIVIDUALS AND BUDDING ENTREPRENEURS; A TALENT AND STARTUP ACCELERATOR AIMED AT GIVING THOSE OFTEN OVERLOOKED BY TRADITIONAL FUNDERS A CHANCE TO ENACT THEIR VISIONS. IN FISCAL YEAR 2023, EIGHT INDIVIDUALS WERE SELECTED AS FELLOWS AFTER A RIGOROUS SEARCH PROCESS. THEIR PROJECTS FOCUSED ON ISSUES RANGING FROM CIVIC MEDIA TO ONLINE TOOLS. VOQAL NONPROFITS COLLECTIVELY SPENT $508,500 IN THE FISCAL YEAR 2023 PROGRAM WITH VOQAL CHICAGO CONTRIBUTING $365,867 TO THE PROGRAM.VOQAL CHICAGO MAINTAINS A SEPARATE GRANTMAKING PROGRAM. IN FISCAL YEAR 2023, VOQAL CHICAGO MADE GRANTS TOTALING $1,748,142 TO 41 GRANTEES. EXPENSES TOTAL $1,867,641.
ON BEHALF OF VOQAL CHICAGO, MOBILE CITIZEN PLACES LTE WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS BOTH LOCALLY IN COLORADO AND NATIONWIDE. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON VOQAL CHICAGO'S OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END. THE ESTIMATED MARKET VALUE, BASED ON $50/MONTH, OF THE DONATION OF FREE AND SUBSIDIZED ACCOUNTS IS MORE THAN $8.2 MILLION. VOQAL CHICAGO PROVIDES SCHOOLS IN THE CHICAGO METRO AREA WITH FREE AND SUBSIDIZED HIGH-SPEED WIRELESS BROADBAND INTERNET ACCOUNTS. THE SCHOOLS ARE BOTH PUBLIC AND PRIVATE, SERVICING GRADES K-12. WE ESTIMATE THAT THE FAIR MARKET VALUE OF THESE FREE AND SUBSIDIZED ACCOUNTS IS OVER $156,000 ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel O'neil Chair | OfficerTrustee | 4 | $0 |
Lilly Gleich Treasurer/director | OfficerTrustee | 4 | $0 |
Barbara Iverson Secretary/director | OfficerTrustee | 4 | $0 |
Maria Hadden Director | Trustee | 4 | $0 |
Brenda Williams-Sears Ceo/president | Officer | 5 | $0 |
Adam Miller Advisor To Ceo/asst Secret | Officer | 5 | $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 | $485,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,028 |
| Total Program Service Revenue | $8,255,547 |
| Investment income | $224,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,444,839 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,398,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,807,897 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,213,684 |
| Fees for services: Legal | $81,024 |
| Fees for services: Accounting | $21,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,155 |
| Fees for services: Other | $133,694 |
| Advertising and promotion | $7,025 |
| Office expenses | $313,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,416 |
| Travel | $66,239 |
| 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 | $0 |
| Insurance | $3,373 |
| All other expenses | $555 |
| Total functional expenses | $11,100,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,438 |
| Savings and temporary cash investments | $619,326 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,702 |
| 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 | $89,095 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,162,390 |
| Investments—other securities | $0 |
| Investments—program-related | $3,488,776 |
| Intangible assets | $0 |
| Other assets | $23,146 |
| Total assets | $16,910,873 |
| Accounts payable and accrued expenses | $138,949 |
| Grants payable | $110,250 |
| Deferred revenue | $204,900 |
| 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 | $454,099 |
| Net assets without donor restrictions | $16,456,774 |
| Net assets with donor restrictions | $0 |
| 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 | $16,910,873 |
Grants Awarded
Over the last fiscal year, Chicago Instructional Technology Foundation Inc has awarded $1,413,142 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION NOW PURPOSE: CORE SUPPORT | $10,500 |
ASIAN AMERICAN MIDWEST PROGRESSIVES PURPOSE: CORE SUPPORT | $10,500 |
CENTER FOR MEDIA JUSTICE PURPOSE: NET NEUTRALITY | $30,000 |
CHICAGO FILMMAKERS PURPOSE: CORE SUPPORT | $50,000 |
CENTER FOR RACIAL AND GENDER EQUITY PURPOSE: CORE SUPPORT | $10,500 |
CHICAGO VOTES ACTION FUND PURPOSE: CORE SUPPORT | $10,500 |