Onechicagofund
- Assets
- $1.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 45-4661737
Organization Overview
Onechicagofund is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Onechicagofund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onechicagofund 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 12/2021, Onechicagofund generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Onechicagofund has awarded 23 individual grants totaling $7,736,061. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND HAS FOCUSED ITS FUNDRAISING AND GRANT MAKING ACTIVITIES ON THE PRIORTY AREAS OF AFFORDABLE HOUSING, PUBLIC SAFETY, URBAN CONSERVATION AND OPEN SPACE, EDUCATION, ARTS, AND CULTURE, AND SUPPORTING AND AMPLIFYING THE POSITIVE WORK OF NEIGHBORS AND NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Pang President And Director | OfficerTrustee | 40 | $187,164 |
Lynn Lockwood Vice President And Director | OfficerTrustee | 40 | $180,936 |
Katrina Waddy Director Of Communications | 40 | $112,618 | |
Trish Rooney Chairperson And Director | OfficerTrustee | 2.5 | $0 |
Robert Kohl Secretary/treasurer And Director | OfficerTrustee | 2.5 | $0 |
Tim Schwertfeger Director | Trustee | 2.5 | $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 | $1,765,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,765,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,765,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $251,500 |
| 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. | $431,808 |
| Compensation of current officers, directors, key employees. | $53,454 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,463 |
| Payroll taxes | $31,660 |
| Fees for services: Management | $68,444 |
| Fees for services: Legal | $14,068 |
| Fees for services: Accounting | $26,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,612 |
| Advertising and promotion | $131 |
| Office expenses | $17,208 |
| Information technology | $21,333 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,536 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,574 |
| All other expenses | $34,328 |
| Total functional expenses | $1,112,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,025,000 |
| 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 | $16,441 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,771,526 |
| Accounts payable and accrued expenses | $6,071 |
| 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 | $6,071 |
| Net assets without donor restrictions | $457,667 |
| Net assets with donor restrictions | $1,307,788 |
| 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 | $1,771,526 |
Grants Awarded
Over the last fiscal year, Onechicagofund has awarded $227,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF CHICAGO PURPOSE: SUPPORT OF OUT-OF-SCHOOL TIME EDUCATIONAL PROGRAMS WITH LOCAL COMMUNITY PARTNERS | $140,000 |
Chicago, IL PURPOSE: ORGANIZATIONAL SUPPORT | $79,000 |
Chicago, IL PURPOSE: ORGANIZATIONAL SUPPORT | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Onechicagofund has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
World Business Chicago Chicago, IL PURPOSE: ARTS & THEATER RECOVERY | $50,000 |
Chicago Blackhawks Foundation Chicago, IL PURPOSE: Health and Welfare | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |