Salute Inc
- Assets
- $1.4m
- Revenue
- $939.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Palatine, IL
- Founding
- 04/2006
- Data as of
- 03/2021
- EIN
- 06-1718308
Organization Overview
Salute Inc is located in Palatine, IL. The organization was established in 2006. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 03/2021, Salute Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salute Inc 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 03/2021, Salute Inc generated $939.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $886.0k during the year ending 03/2021. While expenses have increased by 4.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING THE NEEDS OF INJURED MILITARY SERVICE MEMBERS, VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR INJURED VETERANS AND ACTIVE DUTY MILITARY PROVIDING ASSITANCE BASED ON THE NEED AND RESOURCES INCLUDING: EMERGENCY FINANCIAL ASSISTANCE, ADAPTIVE HOME RENOVATION AND THERAPUTIC SPORTS CAMPS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Beiersdorf Executive Dir. | OfficerTrustee | 50 | $61,785 |
Marc Gallant President | OfficerTrustee | 3 | $0 |
William Borst III Secretary | OfficerTrustee | 1 | $0 |
Curt Matlin Vice President | OfficerTrustee | 5 | $0 |
Ryan Eisenhardt Treasurer | OfficerTrustee | 5 | $0 |
Dan Capozzi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,606 |
| Investment income | $6,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $939,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $537,501 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,267 |
| 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 | $28,681 |
| Advertising and promotion | $912 |
| Office expenses | $0 |
| Information technology | $11,630 |
| Royalties | $0 |
| Occupancy | $34,385 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,314 |
| Insurance | $5,140 |
| All other expenses | $0 |
| Total functional expenses | $885,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,096 |
| Savings and temporary cash investments | $1,391,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,375 |
| Other assets | $0 |
| Total assets | $1,434,670 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,434,670 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Salute Inc has recieved totaling $845,319.
| Awarding Organization | Amount |
|---|---|
Wounded Warrior Project Inc Jacksonville, FL PURPOSE: SEE SCHEDULE I, PART IV | $450,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $158,405 |
Bob Woodruff Family Foundation Inc New York, NY PURPOSE: EMERGENCY FINANCIAL ASSISTANCE PROGRAM | $50,000 |
Westlake Health Foundation Oakbrook Terrace, IL PURPOSE: FINANCIAL ASSISTANCE PROGRAM | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $37,500 |
Westlake Health Foundation Oakbrook Terrace, IL PURPOSE: FINANCIAL ASSISTANCE PROGRAM | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Homes Skokie, IL | $460,360,428 | $88,918,255 |
Corporate America Family Credit Elgin, IL | $809,180,688 | $33,061,096 |
Renaissance Social Services Inc Chicago, IL | $2,138,317 | $6,632,596 |
National Council Of The United States Society Of St Vincent De Pa Maryland Heights, MO | $13,687,159 | $9,469,574 |
Hamdard Center For Health And Human Services Nfp Addison, IL | $4,418,541 | $7,412,868 |
Community Memorial Foundation Hinsdale, IL | $100,177,205 | $2,649,104 |
Korean-American Senior Center Inc Chicago, IL | $3,306,753 | $5,703,474 |
Make-A-Wish Foundation Of Missouri And Kansas Ballwin, MO | $7,006,477 | $5,966,300 |
Nurses For Newborns Maplewood, MO | $4,515,132 | $4,457,590 |
On My Own Inc Nevada, MO | $3,816,358 | $3,622,772 |
Coordinated Advice And Referral Program For Legal Services Chicago, IL | $2,874,944 | $4,385,388 |
Illinois Child Care Bureau Chicago, IL | $364,682 | $4,111,886 |