Centers For New Horizons Inc
- Assets
- $7.3m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 652
- Location
- Chicago, IL
- Founding
- 06/1973
- Data as of
- 06/2022
- EIN
- 36-2729721
Organization Overview
Centers For New Horizons Inc is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Centers For New Horizons Inc employed 652 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centers For New Horizons 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 06/2022, Centers For New Horizons Inc generated $16.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $17.0m during the year ending 06/2022. While expenses have increased by 11.7% per year over the past 3 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
TO DEVELOP THE CAPACITIES OF FAMILIES TO BECOME SELF-RELIANT. IMPROVE THE QUALITY OF THEIR LIVES AND ENABLE THESE FAMILIES TO PARTICIPATE IN REBUILDING THEIR COMMUNITIES. CENTERS MOST SIGNIFICANT ACTIVITIES ARE EARLY CARE AND EDUCATION OF CHILDREN 0-5 AND JOB TRAINING AND PLACEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD DEVELOPMENT PROVIDES EARLY CARE AND EDUCATION FOR APPROXIMATELY 320 CHILDREN AGES 0-5. EARLY EDUCATION CONTRIBUTES TO THEIR DEVELOPMENT AND HELPS THEM TO LIVE SUCCESSFUL AND PRODUCTIVE LIVES.
ADULT AND WORKFORCE SERVICES AND YOUTH DEVELOPMENT SERVICES PROVIDE COUNSELING, JOB TRAINING AND PLACEMENT, CASE MANAGEMENT AND EDUCATIONAL SERVICES TO APPROXIMATELY 3,500 FAMILIES AND INDIVIDUALS. THESE SERVICES ENHANCE THEIR EDUCATIONAL AND JOB SKILLS AND MAKE IT POSSIBLE FOR SOME PROGRAM PARTICIPANTS TO EARN LIVING WAGES.
PROVIDE TRAINING, SUPPORT AND COMMUNITY EDUCATION AT LARGE TO APPROXIMATELY 200 CHILD CARE PROVIDERS AS WELL AS FAMILIES AND INDIVIDUALS, INCLUDING YOUTHS. THIS TRAINING AND SUPPORT HELPS THOSE PROVIDERS AND INDIVIDUALS MAINTAIN A SAFE, CARING AND HEALTHY ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Readey Chair | OfficerTrustee | 2 | $0 |
Wil Lewis Secretary | OfficerTrustee | 2 | $0 |
Andre Fair Treasurer | OfficerTrustee | 2 | $0 |
Tamahra Adams Board Member | Trustee | 1 | $0 |
Jason Driver Board Member | Trustee | 1 | $0 |
Vorricia Harvey Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Micro Tech Usa Information Technology | 6/29/22 | $281,719 |
Quatrro Fpo Solutions Accounting Services | 6/29/22 | $167,250 |
Heartland Alliance For Human Needs And H Program Services | 6/29/22 | $140,452 |
Conlon Public Strategies Consulting | 6/29/22 | $129,000 |
Cleanway Maintenance Cleaning Services | 6/29/22 | $114,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,904,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,335,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,240,588 |
| Total Program Service Revenue | $25,363 |
| Investment income | $720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,120 |
| 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 | $16,275,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,140,625 |
| 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. | $161,900 |
| Compensation of current officers, directors, key employees. | $161,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,688,217 |
| Pension plan accruals and contributions | $31,130 |
| Other employee benefits | $1,204,768 |
| Payroll taxes | $738,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,037 |
| Fees for services: Accounting | $33,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,031,081 |
| Advertising and promotion | $0 |
| Office expenses | $1,024,114 |
| Information technology | $214,800 |
| Royalties | $0 |
| Occupancy | $783,712 |
| Travel | $126,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92,351 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,442 |
| Insurance | $178,057 |
| All other expenses | $0 |
| Total functional expenses | $17,013,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,181 |
| Savings and temporary cash investments | $11,833 |
| Pledges and grants receivable | $3,616,965 |
| Accounts receivable, net | $170,631 |
| 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 | $2,146 |
| Net Land, buildings, and equipment | $3,329,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,667 |
| Total assets | $7,305,979 |
| Accounts payable and accrued expenses | $886,883 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,785,223 |
| Total liabilities | $6,672,106 |
| Net assets without donor restrictions | $296,869 |
| Net assets with donor restrictions | $337,004 |
| 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 | $7,305,979 |
Grants Awarded
Over the last fiscal year, Centers For New Horizons Inc has awarded $1,140,625 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEIGHBORSCAPES INC PURPOSE: Subrecipient reimbursement | $271,573 |
GRAND BOULEVARD PREVENTION SERVICES PURPOSE: Subrecipient reimbursement | $174,206 |
HEARTLAND ALLIANCE FOR HUMAN NEEDS AND HUMAN RIGHTS PURPOSE: Subrecipient reimbursement | $494,846 |
UCAN PURPOSE: Subrecipient reimbursement | $200,000 |