Common Ground Foundation Inc
- Assets
- $1.2m
- Revenue
- $971.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 36-4432972
Organization Overview
Common Ground Foundation Inc is located in Chicago, IL. The organization was established in 2002. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Common Ground Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Ground Foundation 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 12/2022, Common Ground Foundation Inc generated $971.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $945.5k during the year ending 12/2022. While expenses have increased by 15.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER HIGH SCHOOL STUDENTS FROM UNDER-SERVED COMMUNITIES TO BECOME FUTURE LEADERS. OUR PROGRAMS FOCUS ON CHARACTER DEVELOPMENT, SOCIAL IMPACT, HEALTHY LIVING, TECHNOLOGY, FINANCIAL LITERACY, CREATIVE ARTS, AND GLOBAL LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH EMPOWERMENT PROGRAMS - IN OUR PROGRAMS WE ENCOURAGE STUDENTS TO SET A GOAL FOR THEIR HIGH SCHOOL AND COLLEGE CAREERS AND WE SUPPORT THE PATH THEY SET FOR THEMSELVES. OUR TEAM OF DEDICATED COACHES AND MENTORS WORK WITH OUR STUDENTS IN AN INDIVIDUAL AND GROUP SETTING. WE BELIEVE THAT EVERY CHILD HAS THE OPPORTUNITY TO SUCCEED AND LEAD GIVEN THE PROPER RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Kemp Executive Director | Officer | 40 | $40,000 |
Lonnie Lynn Chairman | OfficerTrustee | 2 | $0 |
Dr Mahalia Hines President | OfficerTrustee | 2 | $0 |
Marc Brooks Secretary | OfficerTrustee | 2 | $0 |
Deborah Quazzo Treasurer | OfficerTrustee | 2 | $0 |
Mark Furlong Director | Trustee | 2 | $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 | $968,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,595 |
| Total Program Service Revenue | $0 |
| Investment income | $2,697 |
| 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 | $971,292 |
| 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 | $239,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,252 |
| Payroll taxes | $27,716 |
| Fees for services: Management | $257,724 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,597 |
| Office expenses | $35,056 |
| Information technology | $9,452 |
| Royalties | $0 |
| Occupancy | $47,878 |
| Travel | $107,392 |
| 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 | $0 |
| Insurance | $1,975 |
| All other expenses | $0 |
| Total functional expenses | $945,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,020 |
| 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 | $456 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $453,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,248,489 |
| Accounts payable and accrued expenses | $24,122 |
| 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 | $0 |
| Total liabilities | $24,122 |
| Net assets without donor restrictions | $1,224,367 |
| 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 | $1,248,489 |