Chicago Fair Trade
- Assets
- $128.3k
- Revenue
- $236.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 04/2007
- Data as of
- 06/2022
- EIN
- 02-0776317
Organization Overview
Chicago Fair Trade is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Chicago Fair Trade employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Fair Trade is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Chicago Fair Trade generated $236.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $195.7k during the year ending 06/2022. While expenses have increased by 15.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE SALE OF PRODUCTS MANUFACTURED BY INDIGENOUS PEOPLE AROUND THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE SALE OF PRODUCTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Thomas Secretary | OfficerTrustee | 1 | $0 |
Abena Apea Treasurer | OfficerTrustee | 1 | $0 |
Bethany Collins Chair | OfficerTrustee | 1 | $0 |
Robbie Klinger Director | Trustee | 1 | $0 |
Chipo Nayambua Director | Trustee | 1 | $0 |
Stacy Neierberan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $31,315 |
| Membership dues | $16,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,627 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,806 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $127,511 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $78,942 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,613 |
| Payroll taxes | $6,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,551 |
| Advertising and promotion | $8,081 |
| Office expenses | $3,930 |
| Information technology | $2,492 |
| Royalties | $0 |
| Occupancy | $18,070 |
| Travel | $190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262 |
| Insurance | $1,653 |
| All other expenses | $1,399 |
| Total functional expenses | $195,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,765 |
| Savings and temporary cash investments | $83,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,357 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,046 |
| Total assets | $128,348 |
| Accounts payable and accrued expenses | $3,237 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,662 |
| Other liabilities | $0 |
| Total liabilities | $9,899 |
| Net assets without donor restrictions | $118,449 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $128,348 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chicago Fair Trade has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The Pierce Family Charitable Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education At Work Inc Indianapolis, IN | $7,418,747 | $27,265,167 |
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Emergency Nurses Association Schaumburg, IL | $34,613,350 | $21,573,777 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |