Chicago Cred Inc
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: Employment, Job-Related / Employment Procurement Assistance, Job Training (NTEE)
Donations to this organization are tax deductible.
Summary charts: organization finances over time
Revenue $29.7M (2022)
Expenses $34.2M (2022)
Total Assets $20.6M (2022)
Total Liabilities $17.3M (2022)
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.
2022
Extracted Financial Data
Extracted Financial Data from Form 990-PF
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions Received | $29,406,826 |
99.1%
|
| Interest Revenue | $0 | |
| Dividends | $0 | |
| Sales of Assets | $0 | |
| Other Income | $259,004 |
0.9%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Charitable Disbursements | $30,751,447 |
89.9%
|
| Compensation of Officers* | $0 | |
| * Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%. | ||
| Assets/Debt | ||
|---|---|---|
| Total Assets | $20,568,305 | |
| Total Liabilities | $17,345,856 |
Compensation
| Key Employees and Officers | Compensation | Other |
|---|---|---|
| Susan Lee (Chief Of Strategy &) | $207,160 | $13,872 |
| Rahul Pasarnikar (President, Credmade) | $186,316 | $20,775 |
| Melvyn Hayward (Chief Program Office) | $178,573 | $536 |
Document Links
990-PF
Filed on Aug. 30, 2023Primary tax return for a private foundation's activities, finances, and governance
Fiscal Year Ending Dec.
2021
Extracted Financial Data
Extracted Financial Data from Form 990-PF
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions Received | $26,065,133 |
99.4%
|
| Interest Revenue | $0 | |
| Dividends | $0 | |
| Sales of Assets | $0 | |
| Other Income | $169,817 |
0.6%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Charitable Disbursements | $28,778,077 |
> 100%
|
| Compensation of Officers* | $243,762 |
0.9%
|
| * Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%. | ||
| Assets/Debt | ||
|---|---|---|
| Total Assets | $17,202,053 | |
| Total Liabilities | $9,448,576 |
Compensation
| Key Employees and Officers | Compensation | Other |
|---|---|---|
| Susan Lee (Chief Of Strategy & Policy) | $218,800 | $24,962 |
| Rahul Pasarnikar (Director Of Business) | $199,191 | $25,072 |
| Melvyn Hayward Jr (Head Of Programs) | $177,600 | $9,801 |
Document Links
990-PF
Filed on Aug. 10, 2022Primary tax return for a private foundation's activities, finances, and governance
Fiscal Year Ending Dec.
2020
Extracted Financial Data
Extracted Financial Data from Form 990-PF
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions Received | $34,916,643 |
99.6%
|
| Interest Revenue | $0 | |
| Dividends | $0 | |
| Sales of Assets | $0 | |
| Other Income | $132,000 |
0.4%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Charitable Disbursements | $26,270,288 |
96.5%
|
| Compensation of Officers* | $186,163 |
0.7%
|
| * Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%. | ||
| Assets/Debt | ||
|---|---|---|
| Total Assets | $16,336,652 | |
| Total Liabilities | $6,342,522 |
Compensation
| Key Employees and Officers | Compensation | Other |
|---|---|---|
| Rahul S Pasarnikar (Director Of Business) | $187,432 | $13,266 |
| Jalon R Arthur (Director Of Strategi) | $172,502 | $0 |
| Melvyn Hayward (Head Of Programs) | $170,983 | $0 |
Document Links
990-PF
Filed on Aug. 10, 2021Primary tax return for a private foundation's activities, finances, and governance
Fiscal Year Ending Dec.
2019
Extracted Financial Data
Extracted Financial Data from Form 990-PF
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions Received | $27,930,076 |
99.9%
|
| Interest Revenue | $0 | |
| Dividends | $0 | |
| Sales of Assets | $0 | |
| Other Income | $22,000 |
0.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Charitable Disbursements | $23,890,559 |
91.3%
|
| Compensation of Officers* | $198,295 |
0.8%
|
| * Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%. | ||
| Assets/Debt | ||
|---|---|---|
| Total Assets | $7,651,644 | |
| Total Liabilities | $3,817,136 |
Compensation
| Key Employees and Officers | Compensation | Other |
|---|---|---|
| David Snyder (Chief Operating Officer) | $185,935 | $12,360 |
| Rahul S Pasarnikar (Dir. Business Develo) | $171,938 | $12,820 |
| Jalon R Arthur (Dir. Strategic Prior) | $148,938 | $0 |
Document Links
990-PF
Filed on July 1, 2020Primary tax return for a private foundation's activities, finances, and governance
Fiscal Year Ending Dec.
2018
Extracted Financial Data
Extracted Financial Data from Form 990-PF
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions Received | $18,435,556 |
99.8%
|
| Interest Revenue | $0 | |
| Dividends | $0 | |
| Sales of Assets | $0 | |
| Other Income | $31,005 |
0.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Charitable Disbursements | $15,531,231 |
94.5%
|
| Compensation of Officers* | $270,601 |
1.6%
|
| * Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%. | ||
| Assets/Debt | ||
|---|---|---|
| Total Assets | $3,388,505 | |
| Total Liabilities | $1,344,379 |
Compensation
| Key Employees and Officers | Compensation | Other |
|---|---|---|
| David J Snyder (Chief Operating Officer) | $191,943 | $47,357 |
| Susan K Lee (Senior Advisor) | $185,668 | $32,416 |
| Rahul Pasarnikar (Dr. Of Business Dev.) | $179,277 | $15,641 |
Document Links
990-PF
Filed on Nov. 13, 2019Primary tax return for a private foundation's activities, finances, and governance
990-T
For unrelated business income from activities not substantially related to the organization's tax-exempt purpose
Fiscal Year Ending Dec.
2017
Extracted Financial Data
Extracted Financial Data from Form 990-PF
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions Received | $3,463,500 |
100%
|
| Interest Revenue | $0 | |
| Dividends | $0 | |
| Sales of Assets | $0 | |
| Other Income | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Charitable Disbursements | $3,334,399 |
100%
|
| Compensation of Officers* | $375,881 |
11.3%
|
| * Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%. | ||
| Assets/Debt | ||
|---|---|---|
| Total Assets | $158,996 | |
| Total Liabilities | $0 |
Compensation
| Key Employees and Officers | Compensation | Other |
|---|---|---|
| Becky J Betts (Chief Of Staff) | $183,661 | $1,944 |
| David J Snyder (Chief Operating Officer) | $159,201 | $31,075 |
| Lila M Leff (Chief Prog. Officer) | $143,666 | $38,851 |
Document Links
990-PF
Filed on May 31, 2018Primary tax return for a private foundation's activities, finances, and governance
Fiscal Year Ending Dec.
2016
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
990-PF
Primary tax return for a private foundation's activities, finances, and governance
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.