The Initiative
- Assets
- $14.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carol Stream, IL
- Founding
- 01/1993
- Data as of
- 07/2023
- EIN
- 36-3839756
Organization Overview
The Initiative is located in Carol Stream, IL. The organization was established in 1993. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiative 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 07/2023, Initiative generated $76.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $84.9k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Brill President | 20 | $20,000 | |
Doris Haugen Treasurer | 0 | $0 | |
Thomas Masters Secretary | 0 | $0 | |
Robert Miller Director | 0 | $0 | |
Greg Metzler Director | 0 | $0 | |
Alexei Lauschkin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,763 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,763 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,610 |
| Professional fees and other payments to independent contractors | $2,417 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,879 |
| Total expenses | $84,906 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,936 |
| Other assets | $0 |
| Total assets | $14,936 |
| Total liabilities | $5,798 |
| Net assets or fund balances | $9,138 |