Chicago Instructional Technology Foundation Inc

Nonprofit profile at a glance

EIN
363833118
IRS 990 coverage
2015–2023
Forms available
Form 990 2023
Location
Longmont, CO, USA
Phone
3035322852
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Television

Official website

Reported finances

Revenue
$6,990,190
Expenses
$6,933,811
Assets
$18,372,367
Liabilities
$495,311

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BRENDA WILLIAMS-SEARS (CEO/PRESIDENT)
  • ADAM MILLER (ADVISOR TO CEO/ASST SECRET)

People named in this filing

  • DANIEL O'NEIL (CHAIR)
  • LILLY GLEICH (TREASURER/DIRECTOR)
  • BARBARA IVERSON (SECRETARY/DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2023

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 2024, 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 $384,103 in the fiscal year 2024 program with voqal chicago contributing $272,897 to the program.voqal chicago maintains a separate grantmaking program. In fiscal year 2024, voqal chicago made grants totaling $1,539,750 to 30 grantees. Expenses total $271,778.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 81
  • Accountability: 76
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 76.2%; rating input score 76; 21st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.8%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 2.65; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: 24.6% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 18.5% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 83.3% of spending went to programs
  • Governance: 4 of 4 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $5.8M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Highest-paid contractors: 2 contractors listed · $1.9M reported
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 9 filing years from 2015 to 2023
  • Contacts: How to reach this organization
  • Money network: 28 filed money-flow records
  • Related organizations: 30 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.