Alliance 98 is located in Chicago, IL. The organization was established in 2018. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance 98 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, Alliance 98 generated $250.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 71.4% each year . All expenses for the organization totaled $161.4k during the year ending 12/2022. 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
TA98'S MISSION IS TO TACKLE THE UNEMPLOYMENT RATES FOR YOUNG ADULTS 16 TO 24 BY PROVIDING MEANINGFUL CAREER OPPORTUNITIES. OUR VISION IS TO CREATE A GLOBAL ALLIANCE OF YOUNG ADULTS, BRANDS, AND ORGANIZATIONS WORKING TOGETHER TO CREATE A BETTER TOMORROW BY PROVIDING CULTURALLY RELEVANT EDUCATION AND RESOURCES TO YOUNG ADULTS AND THEIR COMMUNITIES. WE PROVIDE YOUTH WITH RESOURCES SUCH AS RESUME BUILDING, INTERVIEW SKILLS, AND REAL WORLD PROJECTS TO GET THEM READY FOR THE WORKFORCE. WE ALSO PROVIDE CONTINUOUS SUPPORT AND RESOURCES AFTER AGING OUT OF THE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUITED FOR A CAUSE IS OUR MAJOR PROGRAM FOR THE NONPROFIT. BECAUSE OF THE EFFECTIVE MENTORING, CRITICAL LESSONS FACILITATED, AND THE ACCESS AND UNPARALLELED EXPERIENCES THE YOUTH PARTICIPANTS GAINED THROUGH SUITED FOR A CAUSE, OVER 90% OF OUR YOUTH SECURED A JOB, ENROLLED OR RE-ENROLLED IN COLLEGE, PURSUED A TRADE, OR STARTED A BUSINESS. FEEDBACK SHOWED THAT 100% OF THE YOUTH MEMBERS INDICATED THAT THE TA98 STAFF WERE SUPPORTIVE OF THEIR PERSONAL AND PROFESSIONAL GOALS. ADDITIONAL FEEDBACK FROM OUR PARTICIPANTS CONCLUDED THAT 93% OF THEM ARE LIKELY AND VERY LIKELY TO RECOMMEND THIS PROGRAM TO THEIR FRIENDS, FAMILY AND THEIR NETWORK. ALSO, BASED ON OUR FEEDBACK, 100% INDICATED THAT THEY FELT LIKE THEY BELONGED AND WERE ACCEPTED IN THE SPACE TA98 CREATED.
TA98'S KICKBACK PROGRAM IS POWERED BY THE GENEROUS SUPPORT OF THE CITY OF CHICAGO'S MAYOR'S OFFICE, CHICAGO PARKS FOUNDATION, AND THE CHICAGO PARK DISTRICT. TA98 HAS BEEN A PROUD GRANTEE OF THIS PROGRAM FOR THE PAST TWO YEARS. THE KICKBACK SERIES AIMS TO ENSURE YOUTH HAVE ACCESS TO ENGAGING ACTIVITIES AND NECESSARY RESOURCES WITHIN THEIR COMMUNITIES WHILE CURBING THE VIOLENCE RATES DURING THE MOST VULNERABLE TIMES IN CHICAGO, SUMMER AND WINTER BREAKS. IN 2022, TA98 HIRED AND COMPENSATED NEARLY 20 TEENS AND YOUNG ADULTS TO CURATE COMMUNITY EVENTS FOR THEIR PEERS IN LITTLE VILLAGE. YOUTH PARTICIPANTS HAVE COMPLETE CREATIVE CONTROL OVER THE PLANNING AND EXECUTION OF THE EVENTS AND PARTNERSHIPS THEY SECURE. DUE TO THEIR SUCCESS, TA98'S YOUTH HOSTED 8 KICKBACK EVENTS THAT BROUGHT TOGETHER HUNDREDS OF THEIR PEERS, RESIDENTS, AND LOCAL PARTNERS TO STRENGTHEN THE COMMUNITY AND SHARE RESOURCES THAT ENRICH THE LIVES OF LITTLE VILLAGE RESIDENTS. STUDENTS WHO PARTICIPATE IN THE KICKBACK PROGRAM GAIN ESSENTIAL SKILLS FOR A POTENTIAL CAREER IN THE PUBLIC SERVICE FIELD SUCH AS NONPROFITS, GOVERNMENT, EDUCATION, AND MORE.
TA98 ALSO LAUNCHED ITS NEWEST PROGRAM CALLED MOMENTS MEDIA PROJECT (MMP) IN 2022, WHICH WAS MADE POSSIBLE BY THE CREATE ACTION GRANT THROUGH SONY, INC. WITH THESE FUNDS, TA98 PURCHASED $50,000 WORTH OF MEDIA EQUIPMENT, AND THE REMAINING $50,000 HELPED SUPPORT PROGRAM LOGISTICS AND STUDENT PROJECTS. MMP INTENTIONALLY TARGETS EMERGING CONTENT CREATORS AND PROVIDES THEM WITH ONE-ON-ONE COACHING AND MENTORSHIP FROM PROFESSIONALS IN THE CREATIVE INDUSTRY. PARTICIPANTS GAIN ACCESS TO SKILL-BASED WORKSHOPS AND OPPORTUNITIES TO COLLABORATE WITH BRANDS IN CHICAGO. IN THE SUMMER OF 2022, TA98 PILOTED MMP FOR SIX WEEKS AND SERVED A COHORT OF ELEVEN TEENAGERS AND YOUNG ADULTS. ALL PARTICIPANTS GAINED ACCESS TO HIGH-QUALITY MEDIA EQUIPMENT TO ENHANCE THEIR SKILLS, EXPANDED THEIR NETWORK WITH PEOPLE IN THE FIELD, AND DEVELOPED A PORTFOLIO TO INCREASE THEIR CHANCES OF LANDING A CAREER IN THE INDUSTRY. BEFORE COMPLETING THE SUMMER PROGRAM, TA98 STAFF HELPED 100% OF YOUTH SECURE POST-SECONDARY PLANS OR EMPLOYMENT.
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 | $250,025 |
Noncash contributions included in lines 1a–1f | $49,875 |
Total Revenue from Contributions, Gifts, Grants & Similar | $250,025 |
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 | $250,025 |
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. | $33,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $40,575 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,454 |
Fees for services: Management | $25,005 |
Fees for services: Legal | $64 |
Fees for services: Accounting | $5,133 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,190 |
Office expenses | $15,057 |
Information technology | $3,744 |
Royalties | $0 |
Occupancy | $18,402 |
Travel | $1,785 |
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 | $9,157 |
Insurance | $1,217 |
All other expenses | $0 |
Total functional expenses | $161,362 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $135,096 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,800 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,661 |
Prepaid expenses and deferred charges | $1,922 |
Net Land, buildings, and equipment | $44,552 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $225 |
Other assets | $752 |
Total assets | $187,008 |
Accounts payable and accrued expenses | $15,683 |
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 | $10,000 |
Other liabilities | $0 |
Total liabilities | $25,683 |
Net assets without donor restrictions | $120,178 |
Net assets with donor restrictions | $41,147 |
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 | $187,008 |
Over the last fiscal year, we have identified 1 grants that Alliance 98 has recieved totaling $12,500.
Awarding Organization | Amount |
---|---|
The Chicago Community Trust Chicago, IL PURPOSE: TO SUPPORT CHICAGO FUND FOR SAFE AND PEACEFUL COMMUNITIES | $12,500 |
Organization Name | Assets | Revenue |
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Go-Hire Employment And Development Hazard, KY | $7,206,602 | $38,687,303 |
Chicago Cred Inc Chicago, IL | $17,202,053 | $26,234,950 |
Forward Service Corporation Madison, WI | $19,094,108 | $27,791,768 |
National Able Network Inc Chicago, IL | $7,162,262 | $25,138,071 |
Supporting Families Together Association Inc Madison, WI | $1,243,761 | $19,699,760 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Chicago Urban League Chicago, IL | $6,767,284 | $15,691,423 |
Cara Program Chicago, IL | $15,165,260 | $11,673,454 |
The Mission Continues Saint Louis, MO | $10,410,766 | $11,093,875 |
Mayors Youth Empowerment Program Iowa City, IA | $6,304,962 | $7,071,387 |
Comptia Tech Career Academy Downers Grove, IL | $2,728,852 | $5,424,881 |