Avenues To Independence Foundation
- Assets
- $13.3m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Park Ridge, IL
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 36-3754089
Organization Overview
Avenues To Independence Foundation is located in Park Ridge, IL. The organization was established in 1992. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avenues To Independence Foundation 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, Avenues To Independence Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 7.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE MISSION OF AND SUPPORT THE PROGRAMS AND SERVICES OF AVENUES TO INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO AVENUES TO INDEPENDENCE AND OTHER ORGANIZATIONS FOR THEIR VARIOUS PROGRAMS AND SERVICES BENEFITING PERSONS WITH DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Clark Executive Director | Officer | 10 | $0 |
Paul Carlislie Chairperson | OfficerTrustee | 2 | $0 |
Lauren Barron Vice Chair | OfficerTrustee | 2 | $0 |
Joseph Keenan Secretary | OfficerTrustee | 2 | $0 |
Amy Bergren Treasurer | OfficerTrustee | 2 | $0 |
Fred Sasser Immediate Past Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $577,454 |
| Related organizations | $4,350,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,778 |
| Noncash contributions included in lines 1a–1f | $4,350,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,368,232 |
| Total Program Service Revenue | $0 |
| Investment income | $61,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,632,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,825,900 |
| 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 | $48,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,346 |
| Fees for services: Accounting | $11,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,452 |
| Advertising and promotion | $0 |
| Office expenses | $4,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $449,438 |
| Insurance | $8,321 |
| All other expenses | $8,747 |
| Total functional expenses | $2,737,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,736 |
| Savings and temporary cash investments | $6,688 |
| Pledges and grants receivable | $51,804 |
| 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 |
| Net Land, buildings, and equipment | $9,460,957 |
| Investments—publicly traded securities | $3,201,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,271,611 |
| Accounts payable and accrued expenses | $39,680 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $1,270,518 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $440,440 |
| Total liabilities | $1,753,638 |
| Net assets without donor restrictions | $10,697,151 |
| Net assets with donor restrictions | $820,822 |
| 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 | $13,271,611 |
Grants Awarded
Over the last fiscal year, Avenues To Independence Foundation has awarded $296,224 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AVENUES TO INDEPENDENCE PURPOSE: TO PROVIDE WORK AND RESIDENTIAL OPPORTUNITIES ENABLING THOSE WITH DISABILITIES TO BE AS INDEPENDENT AS POSSIBLE. | $290,284 |
THE ARC OF THE UNITED STATES PURPOSE: DONATION | $5,940 |