Chicago Community Bond Fund
- Assets
- $7.2m
- Revenue
- $751.9k
- Investments
- $0.0
- Employees
- 17
- Location
- Chicago, IL
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-5015710
Organization Overview
Chicago Community Bond Fund is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Chicago Community Bond Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Community Bond Fund 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, Chicago Community Bond Fund generated $751.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. 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
CCBF PAYS BOND FOR PEOPLE CHARGED WITH CRIMES IN COOK COUNTY, ILLINOIS. THROUGH A REVOLVING FUND, CCBF SUPPORTS INDIVIDUALS WHOSE COMMUNITIES CANNOT AFFORD TO PAY THE BONDS THEMSELVES AND WHO HAVE BEEN IMPACTED BY STRUCTURAL VIOLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CCBF PAYS BOND FOR PEOPLE CHARGED WITH CRIMES IN COOK COUNTY, ILLINOIS. THROUGH A REVOLVING FUND, CCBF SUPPORTS INDIVIDUALS WHOSE COMMUNITIES CANNOT AFFORD TO PAY THE BONDS THEMSELVES AND WHO HAVE BEEN IMPACTED BY STRUCTURAL VIOLENCE. BY PAYING BOND, CCBF RESTORES THE PRESUMPTION OF INNOCENCE BEFORE TRIAL AND ENABLES RECIPIENTS TO REMAIN FREE WHILE FIGHTING THEIR CASES. CCBF ALSO ENGAGES IN PUBLIC EDUCATION ABOUT THE ROLE OF BOND IN THE CRIMINAL LEGAL SYSTEM AND ADVOCATES FOR THE ABOLITION OF MONEY BOND. CCBF IS COMMITTED TO LONG-TERM RELATIONSHIP BUILDING AND ORGANIZING WITH PEOPLE MOST DIRECTLY IMPACTED BY CRIMINALIZATION AND POLICING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rizwaan Akhtar Treasurer | OfficerTrustee | 10 | $0 |
Ricky Hamilton Director | Trustee | 10 | $0 |
Ariana Steele Board Chair | OfficerTrustee | 15 | $0 |
Andrea Juracek Secretary | OfficerTrustee | 10 | $0 |
Maryam Kashani Director | Trustee | 10 | $0 |
Victoria Moreno Director | Trustee | 10 | $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 | $730,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,862 |
| Total Program Service Revenue | $260 |
| Investment income | $18,166 |
| 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 | $751,883 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $735,006 |
| Pension plan accruals and contributions | $148,220 |
| Other employee benefits | $0 |
| Payroll taxes | $59,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,900 |
| Office expenses | $18,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $14,314 |
| 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 | $5,326 |
| All other expenses | $110,999 |
| Total functional expenses | $1,780,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,185,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,968,151 |
| 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 | $6,087 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $7,164,767 |
| Accounts payable and accrued expenses | $26,798 |
| 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 | $109,100 |
| Total liabilities | $135,898 |
| Net assets without donor restrictions | $6,954,702 |
| Net assets with donor restrictions | $74,167 |
| 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 | $7,164,767 |
Grants Awarded
Over the last fiscal year, Chicago Community Bond Fund has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO FREEDOM SCHOOL PURPOSE: Liberation Library newsletter | $25,000 |
MARCH 13 FUND PURPOSE: Funding for post-release support | $25,000 |