CHICAGO INSTRUCTIONAL TECHNOLOGY FOUNDATION INC

EIN: 363833118 Arts, Culture & Humanities

LONGMONT, CO

Total Revenue
$6,990,190
Total Expenses
$6,933,811
Total Assets
$18,372,367
Net Assets
$17,877,056
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IL
Principal Officer
BRENDA SEARS
Phone
3035322852
Tax Period
2023-04-01 to 2024-03-31

CHICAGO INSTRUCTIONAL TECHNOLOGY FOUNDATION INC, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.0M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $17.9M represent 31 months of operating reserves.

Mission

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR "CHARITABLE, SCIENTIFIC AND EDUCATIONAL AND "SOCIAL WELFARE" PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 501(C)(4), RESPECTIVELY OF THE INTERNAL REVENUE CODE. TO THIS END, THE NONPROFIT SHALL UNDERTAKE ACTIVITIES TO: SUPPORT THE PROVISION OF QUALITY AND DIVERSE INSTRUCTIONAL MEDIA CONTENT AND CAPABILITIES TO EDUCATORS AND STUDENTS, INCLUDING, BUT NOT LIMITED TO, DATA SERVICES AND INSTRUCTIONAL VIDEO PROVIDED TO ACCREDITED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL ORGANIZATIONS ENGAGED IN THE FORMAL EDUCATION OF ENROLLED STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,017,503
Investment Income $466,739
Other Revenue $2,505,948
TOTAL REVENUE $6,990,190

Expense Breakdown

Grants Paid $1,616,410
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,776,992
Other Expenses $5,317,401
TOTAL EXPENSES $6,933,811

Year-over-Year Comparison

2023 2022 Change
Revenue $6,990,190 $11,398,180 -0.4%
Expenses $6,933,811 $11,100,655 -0.4%
Net Income $56,379 $297,525 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL O'NEIL CHAIR 4.00
Officer Director
$0 $0 $0
LILLY GLEICH TREASURER/DIRECTOR 4.00
Officer Director
$0 $0 $0
BARBARA IVERSON SECRETARY/DIRECTOR 4.00
Officer Director
$0 $0 $0
MARIA HADDEN DIRECTOR 4.00
Director
$0 $0 $0
BRENDA WILLIAMS-SEARS CEO/PRESIDENT 5.00
Officer
$0 $0 $0
ADAM MILLER ADVISOR TO CEO/ASST SECRET 5.00
Officer
$0 $0 $0
LISA REED CFO 5.00
Officer
$0 $0 $0
KIM BUBON ASSISTANT SECRETARY 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,990,190 $6,933,811 $18,372,367 $56,379
2023 $11,398,180 $11,100,655 $16,910,873 $297,525
2022 $5,204,094 $4,162,762 $18,318,425 $1,041,332
2022 $5,204,094 $4,162,762 $18,318,425 $1,041,332
2021 $3,941,817 $3,009,084 $17,129,636 $932,733
2020 $3,185,121 $3,480,278 $13,634,965 $-295,157
2019 $2,150,637 $1,977,670 $14,496,699 $172,967
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