Urban Initiatives Inc
- Assets
- $2.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 132
- Location
- Chicago, IL
- Founding
- 02/2004
- Data as of
- 07/2021
- EIN
- 83-0367521
Organization Overview
Urban Initiatives Inc is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 07/2021, Urban Initiatives Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Initiatives 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 07/2021, Urban Initiatives Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $3.6m during the year ending 07/2021. While expenses have increased by 5.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCCER AND NUTRITIONAL PROGRAMS FOR INNERCITY UNDERPRIVILEDGED KIDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACTIVELY ENGAGE CHILDREN FROM UNDER-SERVED COMMUNITIES IN EXTRACURRICULAR ACTIVITIES IN A SAFE AND STRUCTURED ENVIRONMENT, WHILE PROMOTING EDUCATION AND WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Dower Exec Director/president | OfficerTrustee | 40 | $132,327 |
Julie Chelovich-Perconte Vice President/managing Director | Officer | 40 | $118,018 |
Joy Nelson Chief People Officer | Officer | 40 | $72,784 |
Alaina Harkness Director/secretary | OfficerTrustee | 2 | $0 |
Neil Hirshman Director/chair | OfficerTrustee | 2 | $0 |
Sarah Naim Director/vice Chair/treasu | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,170 |
| Related organizations | $0 |
| Government grants | $625,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,243,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,014,224 |
| Total Program Service Revenue | $1,577,524 |
| Investment income | $1,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $167,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,774,438 |
| 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. | $260,643 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,362,700 |
| Pension plan accruals and contributions | $20,259 |
| Other employee benefits | $333,185 |
| Payroll taxes | $153,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $139,797 |
| Information technology | $20,430 |
| Royalties | $0 |
| Occupancy | $88,214 |
| Travel | $12 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,087 |
| Insurance | $6,135 |
| All other expenses | $0 |
| Total functional expenses | $3,583,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,930,665 |
| Savings and temporary cash investments | $256,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,276 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,046 |
| Total assets | $2,569,172 |
| Accounts payable and accrued expenses | $21,997 |
| 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 | $21,997 |
| Net assets without donor restrictions | $2,547,175 |
| 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 | $2,569,172 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Urban Initiatives Inc has recieved totaling $102,000.
| Awarding Organization | Amount |
|---|---|
J R Albert Foundation Inc Naperville, IL PURPOSE: GENERAL OPERATING | $100,000 |
Willens Family Foundation Short Hills, NJ PURPOSE: CHARITABLE GRANT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whites Residential And Family Services Inc Wabash, IN | $39,956,832 | $19,808,843 |
Kids Above All Illinois Chicago, IL | $6,170,372 | $14,023,607 |
Catholic Charities Of Louisville Inc Louisville, KY | $10,972,807 | $15,581,081 |
Jackson County Community Childrens Service Fund Kansas City, MO | $22,334,800 | $14,345,673 |
Youth Service Bureau Of Illinois Valley Incorporated Ottawa, IL | $4,153,278 | $14,098,230 |
Gads Hill Center Chicago, IL | $12,791,437 | $15,113,158 |
Lutheran Family And Childrens Services Of Missouri St Louis, MO | $11,391,794 | $13,865,128 |
Ronald Mcdonald House Charities Of Chicagoland And Northwest Indiana Oak Brook, IL | $71,872,336 | $16,625,455 |
Bashor Home Of The United Methodist Church Inc Goshen, IN | $27,636,085 | $16,988,410 |
Night Ministry Chicago, IL | $17,470,779 | $11,762,279 |
Safe Families For Children Alliance Chicago, IL | $3,523,068 | $9,924,305 |
Kemmerer Village Assumption, IL | $56,706,341 | $12,349,244 |