Southwest Collective
- Assets
- $255.3k
- Revenue
- $580.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 38-4126406
Organization Overview
Southwest Collective is located in Chicago, IL. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Collective 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 12/2023, Southwest Collective generated $580.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.3% each year . All expenses for the organization totaled $376.4k during the year ending 12/2023. While expenses have increased by 45.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AN OPEN FORUM FOR SOUTHWEST SIDE RESIDENTS, LELAUNCH ECONOMIC, EDUCATIONAL, AND RECREATIONAL INITIATIVES THAT BRING SILOED COMMUNITIES TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFORTS TO EVOLVE CONFRONT FACTORS THAT CONTRIBUTE TO HEALTH AND
SMALL BUSINESS NAVIGATION - PROVIDING 1-ON-1 SUPPORT FOR SMALL AND
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Searle Exec Director | Trustee | 10 | $112,084 |
M Valdez Civic Lead | 5 | $0 | |
Adriana Vargas Vice Chair | Officer | 5 | $0 |
Diane Ruiz CFO | Officer | 10 | $65,854 |
Mayra Avila Board Chair | Officer | 10 | $6,535 |
Oni Contreras Operations | 5 | $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 | $579,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $579,960 |
| Total Program Service Revenue | $0 |
| 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 | $579,960 |
| 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. | $177,938 |
| Compensation of current officers, directors, key employees. | $6,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $123,414 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,339 |
| Office expenses | $2,977 |
| Information technology | $50 |
| Royalties | $0 |
| Occupancy | $26,000 |
| Travel | $1,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,424 |
| All other expenses | $0 |
| Total functional expenses | $376,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,247 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,047 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $255,294 |
| Accounts payable and accrued expenses | $7,419 |
| 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 | $7,419 |
| Net assets without donor restrictions | $143,420 |
| Net assets with donor restrictions | $104,455 |
| 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 | $255,294 |
Grants Awarded
Over the last fiscal year, Southwest Collective has awarded $20,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BACK OF THE YARD PURPOSE: FOOD | $20,000 |