Roseland Youth Center
- Assets
- $11.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 56-2461223
Organization Overview
Roseland Youth Center is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roseland Youth Center 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 06/2022, Roseland Youth Center generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
PROVIDE RECREATION AND SOCIAL SERVICE FOR YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATION AND SOCIAL SERVICES FOR YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fredrick H Bates Board Chair | OfficerTrustee | 1 | $0 |
Patrick Watson Treasurer | OfficerTrustee | 1 | $0 |
Vanessa Brown Secretary | OfficerTrustee | 1 | $0 |
Richard Bolin Director | Trustee | 1 | $0 |
Julian Green Director | Trustee | 1 | $0 |
Mitchell Hannah Director | Trustee | 1 | $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 | $386,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,120 |
| Total Program Service Revenue | $668,136 |
| Investment income | $363,889 |
| 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 | $1,985,848 |
| 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 | $393,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,609 |
| Payroll taxes | $34,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,588 |
| 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 | $74,977 |
| Advertising and promotion | $9,819 |
| Office expenses | $240,365 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $484,511 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,569 |
| Insurance | $18,446 |
| All other expenses | $0 |
| Total functional expenses | $1,846,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,724 |
| Prepaid expenses and deferred charges | $1,353 |
| Net Land, buildings, and equipment | $280,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,335,537 |
| Total assets | $11,665,313 |
| Accounts payable and accrued expenses | $160,434 |
| 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 | $3,342,842 |
| Total liabilities | $3,503,276 |
| Net assets without donor restrictions | $0 |
| 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 | $8,162,037 |
| Total liabilities and net assets/fund balances | $11,665,313 |