National Institute For Community
- Assets
- $2.2m
- Revenue
- $493.3k
- Investments
- $0.0
- Employees
- 25
- Location
- Romeoville, IL
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-4404320
Organization Overview
National Institute For Community is located in Romeoville, IL. The organization was established in 2006. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, National Institute For Community employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Institute For Community 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 12/2023, National Institute For Community generated $493.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $431.6k during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN THE DEVELOPMENT AND OVERSIGHT OF NEW COMMUNITY CENTERS IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED AND OPERATE VARIOUS PUBLIC CHARITABLE PROGRAMS AND RELATED SERVICES FOR PEOPLE SEEKING TO IMPROVE THEIR QUALITY OF LIFE THROUGH A BALANCED LIFESTYLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Vickery Secretary | OfficerTrustee | 20 | $113,271 |
Nicholas M Ryan President | OfficerTrustee | 1 | $0 |
Jeff Prosapio Treasurer | OfficerTrustee | 1 | $0 |
Karen Lippoldt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,371 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,053 |
| Total Program Service Revenue | $0 |
| Investment income | $95,230 |
| 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 | $493,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,691 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $118,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,271 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $40,697 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,422 |
| Payroll taxes | $10,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $814 |
| Information technology | $5,258 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $34,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,074 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,446 |
| All other expenses | $1,835 |
| Total functional expenses | $431,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,192 |
| Savings and temporary cash investments | $1,836,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,500 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,853 |
| Total assets | $2,165,702 |
| 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 | $303,532 |
| Total liabilities | $303,532 |
| Net assets without donor restrictions | $1,507,843 |
| Net assets with donor restrictions | $354,327 |
| 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 | $2,165,702 |
Grants Awarded
Over the last fiscal year, National Institute For Community has awarded $22,586 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR COMMUNITY PURPOSE: GENERAL OPERATING | $12,586 |
CHURCH AT HIGHPOINT PURPOSE: GENERAL OPERATING | $10,000 |