Link Unlimited
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Chicago, IL
- Founding
- 03/1975
- Data as of
- 06/2023
- EIN
- 23-7386928
Organization Overview
Link Unlimited is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Link Unlimited employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Link Unlimited 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 06/2023, Link Unlimited generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 8 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
THE MISSION OF LINK UNLIMITED SCHOLARS IS TO CONNECT BLACK STUDENTS WITH RESOURCES AND OPPORTUNITIES THAT STRENGTHEN THE NECESSARY SKILLS TO SUCCEED AS THEY ADVANCE TO, THROUGH AND BEYOND COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC ENRICHMENT: COMPRISES THE MAJORITY OF LINK'S FELLOWSHIP MODEL. SCHOLARS ARE ACTIVELY EQUIPPED WITH THE KNOWLEDGE, SKILLS, RESOURCES, AND SOCIAL EQUITY THAT FURTHERS COLLEGE COMPLETION AND CAREER PLACEMENT. SCHOLARS BUILD A STRONG FOUNDATION AND SUPPORT SYSTEM THAT HELPS THEM THRIVE IN ACADEMIC SETTINGS. DURING THE SUMMER, WE OFFER OUR STUDENTS A FOUR TO SIX-WEEK INTENSIVE WHICH INCLUDES A STANDARDIZED TEST PREPARATION COURSE FOR RISING JUNIORS. OFFERINGS DURING THE SCHOOL YEAR INCLUDE TUTORING AS NEEDED AND SCHOLARSHIP SUPPORT. SINCE 2000, 100% OF LINK SCHOLARS HAVE BEEN ACCEPTED TO A SELECTIVE OR HIGHLY SELECTIVE COLLEGES OR UNIVERSITIES.
CARRER EXPOSURE: REAL-WORLD APPLICATION & CAREER PATHWAYS SCHOLARS GAIN REAL-WORLD APPLICATION TOWARDS THE DEVELOPMENT OF WORKPLACE SKILL BUILDING AND ACCESS TO VARIOUS CAREER PATHWAYS.
COLLEGE ACCESS: STUDENTS FIND INFORMATION AND GUIDANCE TO GAIN ACCESS TO COLLEGE, MAKE AN INFORMED AND ECONOMICALLY SOUND SELECTION, AND EARN A DEGREE. WE GUIDE EACH STUDENT THROUGH A RESEARCH-BASED STRATEGY TO FIND THE "BEST FIT" INSTITUTION. 100% OF LINK'S CLASS OF 2023 SCHOLARS WERE ACCEPTED INTO FOUR-YEAR COLLEGES AND UNIVERSITIES HAVING BEEN AWARDED $16.1MM IN SCHOLARSHIPS AND GRANTS WITH 45% OF SCHOLARS RECEIVING FULL-TUITION FUNDING. LINK SCHOLARS ARE OUTPACING THEIR PEERS AND GRADUATING COLLEGE AT TWO AND A HALF TIMES THE NATIONAL AVERAGE FOR BLACK STUDENTS (52% VS 21%).
LEADERSHIP DEVELOPMENT & CAREER EXPOSURE: STUDENTS CULTIVATE LEADERSHIP SKILLS, WHICH REINFORCES A STRONG SENSE OF PERSONAL IDENTITY, CONFIDENCE IN SOCIAL RELATIONS, AND VALUES. WE OFFER SEVERAL SATURDAY ACADEMIES/WORKSHOPS THROUGHOUT THE ACADEMIC YEAR AND RETREATS THAT FOCUS ON SOCIAL EMOTIONAL LEARNING, MENTAL HEALTH, SELF-ADVOCACY, LEADERSHIP STYLES AND SKILL DEVELOPMENT, AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Toinette Gunn President & CEO | Trustee | 50 | $169,232 |
Kenneth Johnson Chairman | OfficerTrustee | 2 | $0 |
Stephen Hackney Chairman | OfficerTrustee | 2 | $0 |
Thomas Hynes Advancement Chair | OfficerTrustee | 2 | $0 |
Julie Welborn Alumni Committee Chair | OfficerTrustee | 2 | $0 |
Anthony Ashe Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Torrence Moore Interim President | 6/29/15 | $135,199 |
Virgil Jones Past President | 6/29/15 | $181,055 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,183 |
| Related organizations | $0 |
| Government grants | $339,277 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,075,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,543,353 |
| Total Program Service Revenue | $0 |
| Investment income | $2,696 |
| 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 | $2,549,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $360,680 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,993 |
| Compensation of current officers, directors, key employees. | $32,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,313 |
| Payroll taxes | $140,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,120 |
| Advertising and promotion | $8,733 |
| Office expenses | $136,368 |
| Information technology | $84,853 |
| Royalties | $0 |
| Occupancy | $29,355 |
| Travel | $15,816 |
| 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 | $100,855 |
| Insurance | $17,006 |
| All other expenses | $2,654 |
| Total functional expenses | $3,190,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,023 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,373,386 |
| 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 | $7,327 |
| Net Land, buildings, and equipment | $694,535 |
| Investments—publicly traded securities | $69,436 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,484,707 |
| Accounts payable and accrued expenses | $105,141 |
| Grants payable | $0 |
| Deferred revenue | $188,021 |
| 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 | $293,162 |
| Net assets without donor restrictions | $899,045 |
| Net assets with donor restrictions | $1,292,500 |
| 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 | $2,484,707 |
Grants Awarded
Over the last fiscal year, Link Unlimited has awarded $921,353 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRO RICE PURPOSE: Education | $33,560 |
CHICAGO ACADEMY FOR THE ARTS PURPOSE: Education | $15,250 |
ILLIANA CHRISTIAN PURPOSE: Education | $18,500 |
DE LA SALLE PURPOSE: Education | $87,550 |
FENWICK PURPOSE: Education | $42,750 |
CHICAGO HOPE ACADEMY PURPOSE: Education | $23,500 |