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Chicago Fashion Development Nfp

The Chicago Fashion Incubator

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Arts, Cultural Organizations - Multipurpose (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$114k (2023)

Expenses
$72.4k (2023)

Total Assets
$513k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$114,325
Expenses
$72,403
Net Income
$41,922
Net Assets
$513,036
Notable Sources of Revenue Percent of Total Revenue
Contributions $80,101
70.1%
Program Services $29,410
25.7%
Investment Income $4,807
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $40,000
55.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $513,036
Total Liabilities $0
Net Assets $513,036
Compensation
Key Employees and Officers Compensation Related Other
Anna Hovet (Executive Director) $40,000 $0 $0
Andrea Schwartz (President) $0 $0 $0
Megan Bueschel (Vice President) $0 $0 $0
Liz Kores (Treasurer/Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$105,691
Expenses
$66,596
Net Income
$39,095
Net Assets
$471,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $80,105
75.8%
Program Services $24,660
23.3%
Investment Income $526
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $400
0.4%
Assets/Debt
Total Assets $472,889
Total Liabilities $1,775
Net Assets $471,114
Compensation
Key Employees and Officers Compensation Other
Anna Hovet (Executive Director) $28,250 $0
Andrea Schwartz (President) $0 $0
Megan Bueschel (Vice President) $0 $0
Liz Kores (Treasurer / Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$104,050
Expenses
$70,358
Net Income
$33,692
Net Assets
$432,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,005
81.7%
Program Services $19,045
18.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $433,660
Total Liabilities $1,641
Net Assets $432,019
Compensation
Key Employees and Officers Compensation Other
Anna Hovet (Program Director) $31,650 $0
Andrea Schwartz (President) $0 $0
Megan Bueschel (Vice President) $0 $0
Liz Kores (Treasurer / Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$100,108
Expenses
$80,863
Net Income
$19,245
Net Assets
$398,327
Notable Sources of Revenue Percent of Total Revenue
Contributions $90,313
90.2%
Program Services $9,795
9.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $398,827
Total Liabilities $500
Net Assets $398,327
Compensation
Key Employees and Officers Compensation Other
Anna Hovet (Program Director) $34,700 $0
Andrea Schwartz (President) $0 $0
Megan Bueschel (Vice President) $0 $0
Liz Kores (Director) $0 $0
Amy Olson (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$132,447
Expenses
$114,241
Net Income
$18,206
Net Assets
$379,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $117,385
88.6%
Program Services $14,837
11.2%
Investment Income $0
Net Fundraising $0
Sales of Assets $200
0.2%
Net Inventory Sales $0
Other Revenue $25
0.0%
Assets/Debt
Total Assets $379,630
Total Liabilities $548
Net Assets $379,082
Compensation
Key Employees and Officers Compensation Other
Andrea Reyndors (Designer Director) $6,398 $0
Andrea Schwartz (President) $0 $0
Megan Bueschel (Vice President) $0 $0
Stacie Hartman (Director) $0 $0
Liz Kores (Director) $0 $0
Amy Olson (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$132,024
Expenses
$130,431
Net Income
$1,593
Net Assets
$360,545
Notable Sources of Revenue Percent of Total Revenue
Contributions $114,749
86.9%
Program Services $14,775
11.2%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $361,213
Total Liabilities $668
Net Assets $360,545
Compensation
Key Employees and Officers Compensation Other
Andrea Reyndors (Designer Director) $25,244 $0
Andrea Schwartz (President) $0 $0
Megan Bueschel (Vice President) $0 $0
Stacie Hartman (Director) $0 $0
Liz Kores (Director) $0 $0
Amy Olson (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$278,565
Expenses
$144,159
Net Income
$134,406
Net Assets
$369,848
Notable Sources of Revenue Percent of Total Revenue
Contributions $254,518
91.4%
Program Services $24,047
8.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,302
51.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $369,848
Total Liabilities $0
Net Assets $369,848
Compensation
Key Employees and Officers Compensation Related Other
Tonya Gross (Executive Director) $51,612 $0 $0
Andrea Reyndors (Designer Director) $22,690 $0 $0
Andrea Schwartz (President) $0 $0 $0
Megan Bueschel (Vice President) $0 $0 $0
Stacie Hartman (Director) $0 $0 $0
Liz Kores (Director) $0 $0 $0
Amy Olson (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$72,677
Expenses
$140,275
Net Income
-$67,598
Net Assets
$238,847
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,482
58.5%
Program Services $1,277
1.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,418
37.7%
Assets/Debt
Total Assets $238,847
Total Liabilities $0
Net Assets $238,847
Compensation
Key Employees and Officers Compensation Other
Tonya Gross (Executive Director) $38,913 $0
Andrea Reynders (Design Director) $38,492 $0
Andrea Schwartz (Board President) $0 $0
Megan Bueschel (Board Vice President) $0 $0
Stacie Hartman (Director) $0 $0
Liz Kores (Director) $0 $0
Amy Olson (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$106,041
Expenses
$132,811
Net Income
-$26,770
Net Assets
$306,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
4.7%
Program Services $101,041
95.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $306,445
Total Liabilities $0
Net Assets $306,445
Compensation
Key Employees and Officers Compensation Other
Kelly Ryan (Treasurer) $0 $0
Andrea Schwartz (President) $0 $0
Amy Olsen (Secretary) $0 $0
Liz Kores (Director) $0 $0
Megan Bueschel (Vice President) $0 $0
Stacie Hartman (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$273,185
Expenses
$105,564
Net Income
$167,621
Net Assets
$333,215
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,000
54.9%
Program Services $123,185
45.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $51,920
49.2%
Professional Fundraising Fees $0
Other Salaries and Wages $20,873
19.8%
Assets/Debt
Total Assets $333,215
Total Liabilities $0
Net Assets $333,215
Compensation
Key Employees and Officers Compensation Related Other
Andrea Schwartz (Secretary) $51,920 $0 $0
Amy Olsen (Vice President) $0 $0 $0
Megan Bueschel (Trustee) $0 $0 $0
Stacie Hartman (Director) $0 $0 $0
Kelly Ryan (Treasurer) $0 $0 $0
Melissa Gamble (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$61,955
Expenses
$93,690
Net Income
-$31,735
Net Assets
$165,594
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,955
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $165,594
Total Liabilities $0
Net Assets $165,594

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$71,207
Expenses
$68,988
Net Income
$2,219
Net Assets
$197,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,347
79.1%
Program Services $14,860
20.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $197,329
Total Liabilities $0
Net Assets $197,329

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$185,208
Expenses
$87,803
Net Income
$97,405
Net Assets
$195,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $161,045
87.0%
Program Services $24,163
13.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $195,110
Total Liabilities $0
Net Assets $195,110

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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