2024-05-07T11:24:57-05:00 2023-06-30 363168081 SIKICH LLP 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2022-07-01 364070692 LADDER UP (F/K/A CITY-WIDE TAX ASSISTANCE PROGRAM) LADD 3124660771 350 N ORLEANS ST C2-100 CHICAGO IL 60654 ROBERT M BURKE PRESIDENT 3124660771 2024-04-29 1 ROBERT BURKE 999009999 1 HEATHER BONIFAS CPA P01711657 6305668400 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PHYLLIS CAVALLONE 350 N ORLEANS ST C2-100 CHICAGO IL 60654 2936010 0 X WWW.GOLADDERUP.ORG X 1996 IL THE ORGANIZATION OFFERS FREE TAX PREPARATION, FINANCIAL AID AND FINANCIAL EDUCATION SERVICES. 5 5 18 600 0 0 2764640 2621118 0 0 67909 71246 75974 178161 2908523 2870525 0 0 0 0 1535389 1602048 0 0 203148 882554 761888 2417943 2363936 490580 506589 3814683 4661807 123251 120751 3691432 4541056 THE ORGANIZATION HELPS LOW-INCOME FAMILIES AND INDIVIDUALS ACCESS THE FINANCIAL RESOURCES THEY NEED TO CLIMB UP THE ECONOMIC LADDER. THE ORGANIZATION OFFERS FREE TAX PREPARATION, FINANCIAL AID AND FINANCIAL EDUCATION SERVICES. 0 0 1602556 TAX ASSISTANCE PROGRAM:LADDER UP OPERATES ONE OF THE LARGEST AND OLDEST STATE-WIDE VOLUNTEER INCOME TAX ASSISTANCE PROGRAMS OF ITS KIND, OFFERING BOTH IN-PERSON AND DIGITAL SERVICES TO OVER 13,000 INDIVIDUALS ACROSS ILLINOIS. LADDER UP PROVIDES FAMILIES WITH FREE, HIGH-QUALITY TAX PREPARATION AND AN ALTERNATIVE TO PAID TAX PREPARERS. LADDER UP OFFERS MULTIPLE TYPES OF SERVICES AS WELL AS MULTIPLE SAFETY PROTOCOLS TO ENSURE THE SAFETY OF ITS CLIENTS AND VOLUNTEERS. IN THE 2023 TAX SEASON, LADDER UP CLIENTS QUALIFIED FOR AN AVERAGE REFUND OF $1,941, AND OVER 76% QUALIFIED FOR A FEDERAL TAX REFUND. 217287 LOW-INCOME TAX CLINIC:LADDER UP PROVIDES FREE, HIGH QUALITY PROFESSIONAL REPRESSENTATION TO LOW-INCOME TAX PAYERS FACING AN IRS OR IDOR CONTROVERSY. THROUGH ITS OFFICES, LADDER UP OFFERS EDUCATIONAL OUTREACH ON THE EARNED INCOME TAX CREDIT, STIMULUS PAYMENTS, ADVANCE CHILD TAX CREDITS, TAXPAYER RIGHTS, RESPONSIBILITIES AND COLLECTION ALTERNATIVES. THE TAX CLINIC DELIVERS NEARLY HALF A MILLION DOLLARS IN DECREASED LIABILITIES TO OUR CLIENTS EACH YEAR. 60857 FINANCIAL CAPABILITY PROGRAM:LADDER UP PROVIDES YEAR-ROUND WORKSHOPS, COORDINATES SAVINGS CAMPAIGNS, AND OFFERS FINANCIAL COACHING TO HELP CLIENTS SET FINANCIAL GOALS AND MANAGE MAJOR LIFE FINANCIAL EVENTS. IN ADDITION TO THIS, LADDER UP HIGHLY VALUES AND SUPPORTS ITS FREE APPLICATION TRAINING FOR FEDERAL STUDENT AID (FAFSA) AND COMPLETION WORKSHOPS AT HIGH SCHOOLS FOR SCHOOLS AND COMMUNITY PARTNERS. 1880700 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 75 0 18 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X KATRINA MCDERMOTT 3124660771 350 N ORLEANS ST C2-100 CHICAGO IL 60654 ROBERT M BURKE BOARD CHAIRMAN 1.00 1.00 X X 0 0 0 JOHN CHANDLER SECRETARY 1.00 1.00 X X 0 0 0 MARK SNEIDER DIRECTOR 1.00 1.00 X 0 0 0 SR MARY PAUL MCCAUGHEY DIRECTOR 1.00 1.00 X 0 0 0 MERCEDES WILLIAMS DIRECTOR 1.00 1.00 X 0 0 0 PHYLLIS CAVALLONE EXECUTIVE DIRECTOR 40.00 1.00 X 185000 0 7344 KATRINA MCDERMOTT DIRECTOR OF FINANCE & ADMINISTRATION 40.00 1.00 X 108609 0 4731 HEDI BELKAOUI COO (THRU 09/16/22) 40.00 1.00 X 111840 0 4541 405449 0 16616 3 0 1 0 0 24537 1798277 798304 21480 2621118 65574 65574 20416 14744 5672 5672 5672 212798 24537 50741 162057 162057 OTHER REVENUE 900099 16104 16104 16104 2870525 0 0 249407 X 313478 171851 98383 43244 1040616 903072 50059 87485 31161 28349 412 2400 130311 104246 13626 12439 86482 68904 9271 8307 20416 20416 323937 255993 59405 8539 219759 186683 5861 27215 61546 51973 4699 4874 15468 13871 722 875 102719 93679 4520 4520 FEES AND MISCELLANEOUS 18043 2079 12714 3250 2363936 1880700 280088 203148 190859 301546 680627 346711 23080 24990 1476888 1201818 291807 275070 2628310 3695275 0 18215 3814683 4661807 104232 94045 19019 8151 0 18555 123251 120751 X 3661432 4476056 30000 65000 3691432 4541056 3814683 4661807 506589 343037 -2 0 X 0 1 X 1 0 X 1380613 2774410 2549976 2764640 2621118 12090757 1380613 2774410 2549976 2764640 2621118 12090757 167341 11923416 44341 35458 44265 61002 65574 250640 6251 31153 75974 178161 291539 12632936 0.94380 0.95480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2022 AMOUNT: $ 16,104. SPECIAL EVENT /FUNDRAISING INCOME - 2018 AMOUNT: $ 6,251. 2019 AMOUNT: $ 31,153. 2021 AMOUNT: $ 75,974. 2022 AMOUNT: $ 162,057. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259587 125384 134203 1133611 1007104 126507 83690 69330 14360 275070 OPERATING LEASE LIABILITIES 18555 18555 X 4397697 343037 1153810 50741 1547588 2850109 20416 20416 2870525 3548071 1153810 50741 1204551 2343520 20416 20416 2363936 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION'S 2021, 2020, AND 2019 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATIONS BY THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT/FUNDRAISING EXPENSES 50,741. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT/FUNDRAISING EXPENSES 50,741. SPRING GALA 148059 13487 134572 1347 13338 20287 5478 4744 TEE UP 89276 11050 78226 1309 4238 237335 24537 212798 2656 13338 20287 5478 8982 50741 162057 0 0 0 0 0 0 0 0 0 PHYLLIS CAVALLONE EXECUTIVE DIRECTOR 185000 0 0 0 0 0 6637 0 707 0 192344 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 FOR CLARITY AND ACCURACY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WHEN LADDER UP SEEKS TO ENGAGE A NEW VENDOR, SEVERAL STEPS MUST BE TAKEN. FIRST, BECAUSE LADDER UP RECEIVES GOVERNMENT FUNDING, LADDER UP MUST CONSULT THE ILLINOIS DEBARRED VENDOR LIST TO ENSURE THAT THE VENDOR IS NOT BANNED BY THE STATE. ONCE A VENDOR HAS BEEN CLEARED, LADDER UP MAY PROCEED. IF THE VENDOR'S SERVICES EXCEED $1,000, LADDER UP PERSONNEL MUST OBTAIN BIDS FROM THREE DIFFERENT CLEARED CONTRACTORS. THIS IS DONE TO ENSURE LADDER UP IS BEING CHARGED A FAIR, COMPETITIVE RATE. THE THREE BIDS MUST BE SUBMITTED TO THE EXECUTIVE DIRECTOR FOR REVIEW AND SELECTION OF THE VENDOR. IF THE SERVICES ARE OVER $5,000, THE BOARD CHAIR MUST APPROVE THE PROPOSAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES THE ANNUAL BUDGET INCLUDING THE BUDGET FOR SALARIES AND WAGES. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BASED ON THE REVIEW OF THE OUTSIDE EXPERTS AND SURVEYS. IT IS ALSO BASED ON THE ORGANIZATION'S PERFORMANCE, WHICH IS EVALUATED BY THE NUMBER OF CLIENTS SERVED, NUMBER OF VOLUNTEERS, DOLLARS RETURNED TO THE COMMUNITY, AND OVERALL IMPACT. THE EXECUTIVE DIRECTOR REVIEWS THE PERFORMANCE OF OTHER OFFICERS AND KEY EMPLOYEES AND AUTHORIZES THEIR COMPENSATION WITHIN THE BOARD-APPROVED BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 255,993. MANAGEMENT AND GENERAL EXPENSES 59,405. FUNDRAISING EXPENSES 8,539. TOTAL EXPENSES 323,937. CENTER FOR ECONOMIC PROGRESS 350 N ORLEANS ST CHICAGO IL 60654 363693728 HELP LOW-INCOME FAMILIES AND INDIVIDUALS ACCESS FINANCIAL RESOURCES IL LADDER UP