COMMON GROUND FOUNDATION INC

EIN: 364432972 501(c)(3) Youth Development

Chicago, IL

Total Revenue
$592,819
Total Expenses
$998,399
Total Assets
$384,363
Net Assets
$320,516
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
Karl Kemp
Phone
7732951915
Tax Period
2024-01-01 to 2024-12-31

COMMON GROUND FOUNDATION INC, founded in 2002, is a small nonprofit in the Youth Development sector that reported $593K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $998K exceeded revenue, resulting in a 68% operating deficit.

Mission

To empower high school students from under-served communities to become future leaders. Our programs focus on character development, social impact, healthy living, technology, financial literacy, creative arts and global leadership.

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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 (2024)

Revenue Breakdown

Contributions & Grants $575,827
Program Service Revenue $0
Investment Income $10,010
Other Revenue $6,982
TOTAL REVENUE $592,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $430,632
Fundraising Expenses $0
Program Expenses $267,890
Other Expenses $567,767
TOTAL EXPENSES $998,399

Year-over-Year Comparison

2024 2023 Change
Revenue $592,819 $730,506 -0.2%
Expenses $998,399 $1,276,044 -0.2%
Net Income $-405,580 $-545,538 -0.3%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
16
$160,000
Total Directors
15
$160,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karl Kemp Executive Director 40.00
Officer Director
$160,000 $0 $160,000
LONNIE RASHID LYNN CO-FOUNDER 2.00
Officer Director
$0 $0 $0
MARC B BROOKS SECRETARY 2.00
Officer Director
$0 $0 $0
DEBORAH QUAZZO TREASURER 2.00
Officer Director
$0 $0 $0
CHERYL BURTON ANCHOR 2.00
Officer Director
$0 $0 $0
MARK FURLONG CEO 2.00
Officer Director
$0 $0 $0
FRANCOIS MOBASSER PARTNER 2.00
Officer Director
$0 $0 $0
ERIK MOORE MD 2.00
Officer Director
$0 $0 $0
DIONNE MORRIS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ERIKA PATTERSON LEADER 2.00
Officer Director
$0 $0 $0
JONAVAN SMITH CFO 2.00
Officer Director
$0 $0 $0
LESTER CONEY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MATT KING CEO 2.00
Officer Director
$0 $0 $0
Chip JOHNSON CHIEF OF STAFF 2.00
Officer Director
$0 $0 $0
Dr Mahalia Hines Board Director 2.00
Officer Director
$0 $0 $0
MEGAN TAMTE CO-FOUNDER 2.00
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 $592,819 $998,399 $384,363 $-405,580
2024 No data No data No data No data
2023 $898,644 $1,447,169 $766,709 $-548,525
2023 $898,644 $1,447,169 $766,709 $-548,525
2022 $971,292 $945,539 $1,248,489 $25,753
2021 $908,370 $708,706 $1,214,621 $199,664
2020 $855,955 $665,210 $1,032,526 $190,745
2019 $974,498 $865,965 $844,833 $108,533
2018 $773,569 $522,770 $733,845 $250,799
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