2024-05-13T15:09:21-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-07-01 371844801 ASM QALICB INC ASMQ 3127424182 66 E RANDOLPH STREET 4TH FLOOR CHICAGO IL 60601 MISCHELLE CAUSEY-DRAKE SECRETARY 3127424182 2024-05-13 1 MISCHELLE CAUSEY-DRAKE 999009999 1 LU ANN TRAPP P01506476 3122071040 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES WELCH 66 E RANDOLPH STREET 4TH FLOOR CHICAGO IL 60601 314287 0 X WWW.AFTERSCHOOLMATTERS.ORG X 2017 IL ASM QALICB, INC. HOLDS TITLE TO THE LUTZ CENTER IN SUPPORT OF AFTER SCHOOL MATTERS' (ASM) MISSION OF PROVIDING CHICAGO PUBLIC HIGH SCHOOL TEENS OPPORTUNITIES TO EXPLORE AND DEVELOP THEIR TALENTS, WHILE GAINING CRITICAL SKILLS FOR WORK, COLLEGE AND BEYOND. THE LUTZ FAMILY CENTER IS A KEY COMPONENT OF ASM'S MISSION. ASM QALICB, INC. LEASES THE LUTZ CENTER TO ASM WHICH OPERATES THE PROPERTY. 3 3 0 0 0 0 0 0 314287 314287 0 0 0 0 314287 314287 0 0 0 0 0 0 0 0 0 332561 333900 332561 333900 -18274 -19613 10597437 11794217 10701769 11918162 -104332 -123945 X ASM QALICB, INC. HOLDS TITLE TO THE LUTZ CENTER IN SUPPORT OF AFTER SCHOOL MATTERS' (ASM) MISSION OF PROVIDING CHICAGO PUBLIC HIGH SCHOOL TEENS OPPORTUNITIES TO EXPLORE AND DEVELOP THEIR TALENTS, WHILE GAINING CRITICAL SKILLS FOR WORK, COLLEGE AND BEYOND. THE LUTZ FAMILY CENTER IS A KEY COMPONENT OF ASM'S MISSION. ASM QALICB, INC. LEASES THE LUTZ CENTER TO ASM WHICH OPERATES THE PROPERTY. 0 0 ASM QALICB, INC. WAS FORMED IN CONNECTION WITH THE DEVELOPMENT, CONSTRUCTION, AND PLACING INTO SERVICE OF A YOUTH CENTER IN AN UNDERSERVED NEIGHBORHOOD IN CHICAGO, ILLINOIS. ASM QALICB, INC. IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS AND THEREBY QUALIFIED FOR FEDERAL NEW MARKETS TAX CREDITS THAT WERE USED TO HELP FINANCE THE RENOVATION OF THE LUTZ CENTER. ASM QALICB, INC. OWNS THE YOUTH CENTER AND HAS ENTERED INTO A LEASE AGREEMENT WITH AFTER SCHOOL MATTERS, INC., A 501(C)(3), TO OPERATE THE YOUTH CENTER. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 1 0 0 1 1 0 0 1 1 0 0 0 X BRENDAN DUBOIS 3127028967 66 E RANDOLPH STREET CHICAGO IL 60601 JAMES WELCH CHAIR 1.00 1.00 X 0 0 0 JENNIFER FARRINGTON VICE CHAIR 1.00 0.00 X 0 0 0 ROBERT WISLOW TREASURER 1.00 0.00 X 0 0 0 MISCHELLE CAUSEY-DRAKE SECRETARY 1.00 31.00 X 0 148621 20719 0 148621 20719 0 0 1 0 REED CONSTRUCTION 600 W JACKSON BLVD 8TH FL CHICAGO IL 60661 CONSTRUCTION SERVICE 1095430 1 RENTAL INCOME 900099 314287 314287 314287 314287 314287 0 0 88307 245593 333900 729839 840925 971642 1117930 11335047 1499685 8895956 9835362 10597437 11794217 6766 6766 5826305 5833419 4868698 6077977 10701769 11918162 X -104332 -123945 -104332 -123945 10597437 11794217 -19613 0 X 0 1 X 1 0 1239000 1239000 8861354 1499685 7361669 1234693 1234693 9835362 DUE TO RELATED PARTY - AFTER SCHOOL MATTERS 6077977 6077977 351390 37103 37103 314287 0 314287 371003 37103 37103 333900 0 333900 0 0 0 MISCHELLE CAUSEY-DRAKE SECRETARY 0 138621 0 10000 0 0 0 4430 0 16289 0 169340 0 0 FORM 990, PART VI, SECTION A, LINE 6 AFTER SCHOOL MATTERS, INC. IS THE SOLE MEMBER OF ASM QALICB, INC. FORM 990, PART VI, SECTION A, LINE 7A AFTER SCHOOL MATTERS, INC. IS THE SOLE MEMBER OF ASM QALICB, INC. THE AFTER SCHOOL MATTERS' BOARD OF DIRECTORS APPOINTED THE ASM QALICB, INC. BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 DIRECTORS COMPLETE AN ANNUAL DISCLOSURE STATEMENT INDICATING ANY POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS WILL BE REVIEWED, MONITORED AND EVALUATED BY THE AUDIT COMMITTEE OF THE RELATED ORGANIZATION, AFTER SCHOOL MATTERS, INC. FORM 990, PART VI, SECTION C, LINE 19 BY-LAWS, IRS DETERMINATION LETTER AND AUDITED FINANCIAL STATEMENTS FOR THE MOST RECENTLY COMPLETED FISCAL YEAR ARE AVAILABLE UPON REQUEST IN WRITING TO AFTER SCHOOL MATTERS 66 EAST RANDOLPH STREET, CHICAGO, IL 60601. AFTER SCHOOL MATTERS INC 66 E RANDOLPH STREET CHICAGO IL 60601 364409182 YOUTH AFTER-SCHOOL AND SUMMER PROGRAMS IL 501(C)(3) LINE 7 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0