Midwest Immigration Bond Fund

Nonprofit profile at a glance

EIN
871712287
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Chicago, IL, USA
Phone
3177273707
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Ethnic, Immigrant Centers

Official website

Reported finances

Revenue
$63,091
Expenses
$23,827
Assets
$208,091
Liabilities
$41,465

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Guadalupe Perez (President)

People named in this filing

  • Prashasti Bhatnagar (Director)
  • Kayla Bledsoe (Treasurer)
  • Michelle Vasquez (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The MIBF endeavors to fill a critical gap by establishing a revolving fund that can be used to post a monetary bond for individuals held in the custody of Immigration & Customs Enforcement (ICE) with ties to Illinois, Indiana, Kentucky, and Wisconsin who cannot afford to pay the bonds that were set.

What it reported doing in 2024

Paid immigration bonds for IL, IN, WI, and KY residents

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 100
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.1%; rating input score 26
  • Program expense ratio: 66.9%; rating input score 67

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 62.2%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 8.73; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 26.9% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 41.9% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 72.1% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 26.1% of revenue deployed · 66.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $16K in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.