Happiness Club
- Assets
- $43.3k
- Revenue
- $51.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 36-3900144
Organization Overview
Happiness Club is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Happiness Club employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happiness Club 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 12/2021, Happiness Club generated $51.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLOW THE CHILDREN OF THE HAPPINESS CLUB TO MAKE AN IMPACT IN A WORLD FILLED WITH DRUG ABUSE, CRIME AND DEGRADED VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE CHILDREN AND THE PUBLIC OF THE DANGERS OF DRUGS AND GANGS. THEATRE PERFORMANCES TO PROVIDE A SOLUTION TO DRUG ABUSE, GANG VIOLENCE, AND DROPPING OUT OF SCHOOL AMONG CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Schulman President | Officer | $0 | |
Cheryl Sloan Secretary | Officer | $0 | |
Marilyn Lederer Treasurer | Officer | $0 | |
Marc Schulman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,258 |
| Total Program Service Revenue | $900 |
| Investment income | $0 |
| 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 | $51,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $32,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,800 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,231 |
| Insurance | $9,216 |
| All other expenses | $0 |
| Total functional expenses | $59,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $4,801 |
| Net Land, buildings, and equipment | $32,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,285 |
| 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 | $39,168 |
| Total liabilities | $39,168 |
| Net assets without donor restrictions | $4,117 |
| Net assets with donor restrictions | $0 |
| 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 | $43,285 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Happiness Club has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Richard And Diane Weinberg Family Foundation Chicago, IL PURPOSE: MADE FOR GENERAL, CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE | $2,500 |
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