Boxing Out Negativity Inc
- Assets
- $386.5k
- Revenue
- $724.1k
- Investments
- $0.0
- Employees
- 25
- Location
- Chicago, IL
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-4140322
Organization Overview
Boxing Out Negativity Inc is located in Chicago, IL. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Boxing Out Negativity Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boxing Out Negativity Inc 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, Boxing Out Negativity Inc generated $724.1k in total revenue. All expenses for the organization totaled $581.2k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EMPOWERMENT OF AT-RISK YOUTH TO REALIZE THE BEST WITHIN THEMSELVES IN A SAFE AND SUPPORTIVE ENVIRONMENT VIA PHYSICAL ACTIVITIES AND OTHER ANTI-VIOLENCE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOXING OUT NEGATIVITY PROVIDES SAFE ALTERNATIVE ANTI-VIOLENCE PROGRAMS TO AT-RISK YOUTH IN ORDER TO PROMOTE EMPOWERMENT THROUGH PHYSICAL MEANS TO HELP ASSIST YOUTH TO REALIZE THE BEST WITHIN THEMSELVES.
BOXING OUT NEGATIVITY PROVIDES SAFE ALTERNATIVE ANTI-VIOLENCE PROGRAMS TO AT-RISK YOUTH IN ORDER TO PROMOTE EMPOWERMENT THROUGH PHYSICAL MEANS TO HELP ASSIST YOUTH TO REALIZE THE BEST WITHIN THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Brown Executive Di | Officer | 40 | $53,816 |
Chris Bertucci Board Member | Trustee | 5 | $0 |
Julie Globokar Board Member | Trustee | 5 | $0 |
Thomas Hulsebosch Board Presid | Trustee | 5 | $0 |
Althea Jones Board Member | Trustee | 5 | $0 |
Michael Montecinos Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,390 |
| Related organizations | $0 |
| Government grants | $368,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,656 |
| Noncash contributions included in lines 1a–1f | $36,546 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,357 |
| 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 | -$18,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $724,099 |
| 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. | $53,816 |
| Compensation of current officers, directors, key employees. | $16,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,126 |
| Office expenses | $4,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,000 |
| Travel | $27,438 |
| 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 | $5,309 |
| Insurance | $10,398 |
| All other expenses | $11,953 |
| Total functional expenses | $581,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $159,078 |
| 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 | $2,957 |
| Net Land, buildings, and equipment | $22,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $386,530 |
| Accounts payable and accrued expenses | $2,550 |
| 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 | $2,550 |
| Net assets without donor restrictions | $383,980 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $386,530 |