Skills For Chicagolands Future
- Assets
- $7.5m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 68
- Location
- Chicago, IL
- Founding
- 11/2011
- Data as of
- 12/2023
- EIN
- 45-1287418
Organization Overview
Skills For Chicagolands Future is located in Chicago, IL. The organization was established in 2011. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Skills For Chicagolands Future employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skills For Chicagolands Future 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, Skills For Chicagolands Future generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $8.8m during the year ending 12/2023. While expenses have increased by 12.2% per year over the past 9 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.
Since 2022, Skills For Chicagolands Future has awarded 31 individual grants totaling $945,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SKILLS FOR CHICAGOLAND'S FUTURE (SKILLS) IS TO CREATE DEMAND-DRIVEN SOLUTIONS FOR EMPLOYERS TO GET THE UNEMPLOYED AND UNDEREMPLOYED BACK TO WORK. SKILLS IS A PUBLIC-PRIVATE PARTNERSHIP, OPERATING AS A NONPROFIT, THAT MEETS THE HIRING NEEDS OF EMPLOYERS BY OFFERING INNOVATIVE SOLUTIONS TO PLACE QUALIFIED UNEMPLOYED AND UNDEREMPLOYED JOB SEEKERS INTO AVAILABLE POSITIONS. SKILLS' CONSULTATIVE APPROACH STARTS WITH CULTIVATING A DEEP RELATIONSHIP WITH EMPLOYERS TO UNDERSTAND THEIR TALENT NEEDS. BASED ON INFORMATION GATHERED, SOLUTIONS INCLUDE ACCESSING AND COORDINATING GOVERNMENT FUNDING FOR TRAIN-TO-HIRE PROGRAMS, AS WELL AS DIRECT PLACEMENT OPPORTUNITIES FOR JOB-READY CANDIDATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE: THE MISSION OF SKILLS FOR CHICAGOLAND'S FUTURE IS TO CREATE DEMAND-DRIVEN SOLUTIONS FOR EMPLOYERS TO GET THE UNDER AND UNEMPLOYED BACK TO WORK. OUR GUIDING NORTH STAR IS TO INCREASE THE ECONOMIC MOBILITY OF UNDER- AND UNEMPLOYED TALENT BY CONNECTING THEM TO QUALITY JOBS THROUGH OUR DEEP PARTNERSHIP AND UNDERSTANDING OF THE UNIQUE HUMAN CAPITAL NEEDS OF OUR NETWORK OF ENGAGED EMPLOYERS. THE MAJORITY OF SKILLS' CANDIDATES COME FROM CHICAGO NEIGHBORHOODS CHARACTERIZED BY DISINVESTMENT, CHRONIC UNDER AND UNEMPLOYMENT, LOW RATES OF ECONOMIC MOBILITY, HIGHER THAN AVERAGE POVERTY RATES, AND LIMITED RESOURCES. SKILLS OPERATES OFFICES ON THE SOUTH AND WEST SIDES TO INCREASE ACCESS TO LOCAL RESIDENTS LOOKING FOR WORK, IN ADDITION TO COLLABORATING WITH COMMUNITY-BASED ORGANIZATIONS AND WORKFORCE AGENCIES.
CAREER ACCESS:CAREER ACCESS (FORMERLY KNOWN AS BEYOND THE DIPLOMA) PROGRAMS TARGET UNEMPLOYED AND UNDEREMPLOYED PARTICIPANTS SEEKING MIDDLE-SKILL ROLES, FOR WHICH THEY MAY NEED AN INDUSTRY-RECOGNIZED CREDENTIAL INCLUDING - LICENSES, CERTIFICATES, AND CERTIFICATIONS.
NATIONAL EXPANSION:NATIONAL EXPANSION, ALSO KNOWN AS SKILLS FOR AMERICA'S FUTURE, IS AN INITIATIVE OF SKILLS THAT IS FOCUSED ON REPLICATING THE SKILLS' MODEL IN TARGET CITIES ACROSS THE COUNTRY. IN DECEMBER 2022, SKILLS JOINED WITH THE GREATER PHOENIX CHAMBER FOUNDATION TO ANNOUNCE THE LAUNCH OF "CONNECT TO WORK AZ, POWERED BY SKILLS FOR AMERICA'S FUTURE" AS PART OF ITS NATIONAL EXPANSION CAMPAIGN. A NEW COHORT OF AFFILIATES WILL LAUNCH IN 2024.
COMMUNITY BASED ORGANIZATION COLLECTIVE:THE CBO COLLECTIVE (CBOC) IS A WORKFORCE DEVELOPMENT INITIATIVE CO-FOUNDED BY CARA COLLECTIVE AND SKILLS IN 2021; THIS COLLABORATIVE OF 16 WORKFORCE DEVELOPMENT ORGANIZATIONS IS WORKING TO BETTER CONNECT HIRING DEMAND WITH BLACK AND BROWN TALENT THROUGH A COLLECTIVE WORKFORCE DEVELOPMENT APPROACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Tully Chief Program Officer | 40 | $243,712 | |
Daniel Cervantes Sr. Vp, Strategic Initiatives | 40 | $224,794 | |
Susan Dunseth Vp, Business Development | 40 | $199,720 | |
Bridget Altenburg President & CEO | OfficerTrustee | 50 | $175,000 |
Tabatha Cobb Sr. Director Of Talent Acq. | 40 | $150,834 | |
Kyle Clauss Vp, Marketing & Communications | 40 | $143,898 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,411,532 |
| Related organizations | $0 |
| Government grants | $1,369,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,548,128 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,329,022 |
| Total Program Service Revenue | $265,470 |
| Investment income | $34,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$320 |
| Net Income from Fundraising Events | -$152,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,476,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $445,000 |
| 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. | $176,751 |
| Compensation of current officers, directors, key employees. | $65,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,856,674 |
| Pension plan accruals and contributions | $106,268 |
| Other employee benefits | $539,247 |
| Payroll taxes | $381,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,149 |
| Fees for services: Accounting | $34,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $573,378 |
| Advertising and promotion | $233,948 |
| Office expenses | $124,506 |
| Information technology | $429,566 |
| Royalties | $0 |
| Occupancy | $624,857 |
| Travel | $65,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,358 |
| Interest | $2,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,532 |
| Insurance | $30,651 |
| All other expenses | $32,168 |
| Total functional expenses | $8,825,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,319,133 |
| Savings and temporary cash investments | $653,596 |
| Pledges and grants receivable | $1,000,527 |
| 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 | $271,157 |
| Net Land, buildings, and equipment | $93,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,573 |
| Total assets | $7,548,520 |
| Accounts payable and accrued expenses | $359,951 |
| Grants payable | $0 |
| Deferred revenue | $120,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $144,777 |
| Other liabilities | $166,712 |
| Total liabilities | $791,440 |
| Net assets without donor restrictions | $4,998,251 |
| Net assets with donor restrictions | $1,758,829 |
| 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 | $7,548,520 |
Grants Awarded
Over the last fiscal year, Skills For Chicagolands Future has awarded $445,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CARA PROGRAM PURPOSE: COMMUNITY BASED ORGANIZATION COLLECTIVE MEMBER COMPENSATION | $33,000 |
CENTRAL STATES SER JOBS FOR PROGRESS INC PURPOSE: COMMUNITY BASED ORGANIZATION COLLECTIVE MEMBER COMPENSATION | $15,500 |
CHICAGO URBAN LEAGUE PURPOSE: COMMUNITY BASED ORGANIZATION COLLECTIVE MEMBER COMPENSATION | $49,500 |
INSTITUTO DEL PROGRESSO LATINO PURPOSE: COMMUNITY BASED ORGANIZATION COLLECTIVE MEMBER COMPENSATION | $40,500 |
HEARTLAND ALLIANCE INTERNATIONAL LLC PURPOSE: COMMUNITY BASED ORGANIZATION COLLECTIVE MEMBER COMPENSATION | $24,500 |
JANE ADDAMS RESOURCE CORP PURPOSE: COMMUNITY BASED ORGANIZATION COLLECTIVE MEMBER COMPENSATION | $11,000 |