Peace Corner Incorporated
- Assets
- $1.3m
- Revenue
- $225.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 20-2940156
Organization Overview
Peace Corner Incorporated is located in Chicago, IL. The organization was established in 1946. According to its NTEE Classification (Q41) the organization is classified as: Arms Control & Peace, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Peace Corner Incorporated 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 06/2021, Peace Corner Incorporated generated $225.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $389.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 5 years. 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
PCYC PROVIDES A SAFE HAVEN FROMGANG VIOLENCE AND DRUG ACTIVITY, AN AFTER SCHOOL PROGRAM FOR CHILDREN, AND A NUTRITIOUS MEAL. WE PROVIDE A PLACE TO COMPLETE THEIR HOMEWORK, IMPROVE THEIR STUDY SKILLS AND ENGAGE IN VARIOUS RECREATIONAL AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCYC- THE PEACE CORNER UNIVERSITY IS THE LARGEST PROGRAM CONDUCTED AT THE PEACE CORNER. IT PROVIDED A SAFE, EDUCATIONAL, AND RECREATIONAL SPACE FOR THE YOUTH OF THE AUSTIN AREA. THE PROGRAM INCLUDES COMPUTER LAB TIME, GYM TIME, HOMEWORK ASSISTANCE, DANCE CLASSES AND NEWLY ADDED SCIENCE CLASS.
TEEN REACH - THE PEACE CORNER CORNER OBTAINED A GRANT TO PERFORM MENTORING.
PCYC- THE PEACE CORNER UNIVERSITY IS THE LARGEST PROGRAM CONDUCTED AT THE PEACE CORNER. IT PROVIDED A SAFE, EDUCATIONAL, AND RECREATIONAL SPACE FOR THE YOUTH OF THE AUSTIN AREA. THE PROGRAM INCLUDES COMPUTER LAB TIME, GYM TIME, HOMEWORK ASSISTANCE, DANCE CLASSES AND NEWLY ADDED SCIENCE CLASS.
TEEN REACH - THE PEACE CORNER CORNER OBTAINED A GRANT TO PERFORM MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Donahue Chairman | OfficerTrustee | 1 | $0 |
Elida Hernandez Treasurer | OfficerTrustee | 1 | $0 |
Gina Cleggs Vice President | OfficerTrustee | 1 | $0 |
Enrique Alonso Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,420 |
| Total Program Service Revenue | $0 |
| Investment income | $176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,596 |
| 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 | $0 |
| Other salaries and wages | $159,046 |
| Pension plan accruals and contributions | $11,902 |
| Other employee benefits | $35,598 |
| Payroll taxes | $14,251 |
| Fees for services: Management | $31,968 |
| 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 | $2,088 |
| Advertising and promotion | $0 |
| Office expenses | $8,463 |
| Information technology | $13,717 |
| Royalties | $0 |
| Occupancy | $52,144 |
| Travel | $4,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,591 |
| Insurance | $4,654 |
| All other expenses | $0 |
| Total functional expenses | $389,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,770 |
| 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 | $233 |
| Net Land, buildings, and equipment | $1,199,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,278,382 |
| Accounts payable and accrued expenses | $3,256 |
| 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 | $372,785 |
| Total liabilities | $376,041 |
| Net assets without donor restrictions | $902,341 |
| 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 | $1,278,382 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peace Corner Incorporated has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Advocate Health And Hospitals Corporation Downers Grove, IL PURPOSE: SUPPORT EXEMPT MISSION | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livelihoods Knowledge Exchange Network Inc Lexington, KY | $404,467 | $917,778 |
Peace Corner Incorporated Chicago, IL | $1,278,382 | $225,596 |
Womens International League For Peace And Freedom Des Moines, IA | $670,787 | $514,575 |
Mid-Missouri Peaceworks Columbia, MO | $580,621 | $237,691 |
Progressive Foundation Inc Luck, WI | $139,880 | $0 |
Peace Center For Forgiveness And Reconciliation Indianapolis, IN | $120,317 | $0 |
North Suburban Peace Initiative Inc Evanston, IL | $5,975 | $0 |
Fund For Peace Education Inc Evanston, IL | $27,574 | $0 |