Friends Of The Children - Chicago
- Assets
- $3.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Chicago, IL
- Founding
- 05/2018
- Data as of
- 08/2023
- EIN
- 82-2650675
Organization Overview
Friends Of The Children - Chicago is located in Chicago, IL. The organization was established in 2018. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 08/2023, Friends Of The Children - Chicago employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Children - Chicago 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 08/2023, Friends Of The Children - Chicago generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $2.6m during the year ending 08/2023. While expenses have increased by 25.7% per year over the past 4 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
FRIENDS OF THE CHILDREN IS A PREVENTION AND EARLY INTERVENTION PROGRAM HELPING THE CHILDREN FACING THE GREATEST RISK FACTORS DEVELOP THE RELATIONSHIPS, GOALS AND SKILLS NECESSARY TO BREAK THE CYCLE OF POVERTY, ABUSE AND VIOLENCE AND CHANGE THEIR LIFE'S TRAJECTORY. WE WORK WITH CHILDREN STARTING IN KINDERGARTEN AND STAY WITH THEM THROUGH HIGH SCHOOL GRADUATION - NO MATTER WHAT. EACH CHILD IS PAIRED WITH A "FRIEND" (A SALARIED, TRAINED, PROFESSIONAL, FULL-TIME STAFF MEMBER OF FRIENDS OF THE CHILDREN) AND THEY SPEND 4 HOURS A WEEK TOGETHER 1:1 - IN SCHOOL, AT HOME AND IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH IN THE FRIENDS PROGRAM FACE CONSIDERABLE CHALLENGES, INCLUDING PLACEMENT IN THE FOSTER CARE SYSTEM, UNDER-RESOURCED NEIGHBORHOOD SCHOOLS, HOMELESSNESS, HUNGER, AND DISPARITIES IN ACCESS TO AND QUALITY OF HEALTH CARE. DESPITE THESE BARRIERS, PROGRAM YOUTH ENTER ADULTHOOD WITH STRONG FOUNDATIONS FOR CONTINUING ACHIEVEMENT: NATIONALLY 83% GRADUATE HIGH SCHOOL OR EARN A GED, 93% AVOID THE JUVENILE JUSTICE SYSTEM, AND 98% AVOID TEEN PARENTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Williams Board Chair | OfficerTrustee | 2 | $0 |
Jeannie Affelder Vice Chair | OfficerTrustee | 2 | $0 |
Tom Abrahamson Immediate Past Chair | OfficerTrustee | 2 | $0 |
Elayne Granger Secretary | OfficerTrustee | 2 | $0 |
Larry Ettner Director | Trustee | 1 | $0 |
Jackie Hairston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,562 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,686,668 |
| Noncash contributions included in lines 1a–1f | $12,827 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,856,230 |
| Total Program Service Revenue | $0 |
| Investment income | $27,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$46,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,837,693 |
| 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. | $163,933 |
| Compensation of current officers, directors, key employees. | $16,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,279,627 |
| Pension plan accruals and contributions | $25,407 |
| Other employee benefits | $210,801 |
| Payroll taxes | $132,124 |
| Fees for services: Management | $0 |
| 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 | $293,503 |
| Advertising and promotion | $12,138 |
| Office expenses | $88,019 |
| Information technology | $65,440 |
| Royalties | $0 |
| Occupancy | $56,640 |
| Travel | $12,717 |
| 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 | $11,840 |
| Depreciation, depletion, and amortization | $7,407 |
| Insurance | $12,610 |
| All other expenses | $0 |
| Total functional expenses | $2,555,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,463,038 |
| Savings and temporary cash investments | $169,024 |
| Pledges and grants receivable | $427,674 |
| Accounts receivable, net | $3,123 |
| 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 | $75,911 |
| Net Land, buildings, and equipment | $29,995 |
| Investments—publicly traded securities | $1,096,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,876 |
| Total assets | $3,306,378 |
| Accounts payable and accrued expenses | $85,500 |
| Grants payable | $0 |
| Deferred revenue | $35,916 |
| 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 | $40,876 |
| Total liabilities | $162,292 |
| Net assets without donor restrictions | $2,922,317 |
| Net assets with donor restrictions | $221,769 |
| 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 | $3,306,378 |