Poverty Alleviation Chicago
- Assets
- $173.8k
- Revenue
- $382.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-2013132
Organization Overview
Poverty Alleviation Chicago is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Poverty Alleviation Chicago employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poverty Alleviation 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 12/2023, Poverty Alleviation Chicago generated $382.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $364.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 5 years. 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
TO USE ART AS A CONDUIT TO TRANSFORM PASSIVE COMPASSION INTO IMMEDIATE ASSISTANCE THROUGH THE DISTRIBUTION OF MONEY GIVEN, WITHOUT EXPECTATION OR JUDGEMENT, DIRECTLY TO FAMILIES SUFFERING POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LETTERS TO SANTA - WE SURPRISED FIFTEEN FAMILIES LIVING IN POVERTY IN CHICAGO. EACH FAMILY RECEIVED NEW CLOTHING, NEW TOYS, FOOD, HOUSEHOLD ESSENTIALS, A NEW COMPUTER FOR EVERY CHILD AND A NEW TABLET FOR EVERY ADULT PLUS AN UNCONDITIONAL CASH GRANT TO EACH FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Whinna President/executive Direct | OfficerTrustee | 40 | $55,165 |
Holly Lewis Director Of Finance & Oper | Trustee | 40 | $55,164 |
Fred Armisen Director | Trustee | 0.25 | $0 |
Ashley Nicole Black Director | Trustee | 0.25 | $0 |
Edgar Blackmon Director | Trustee | 0.25 | $0 |
Alexander Burke Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $183,307 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,817 |
| Noncash contributions included in lines 1a–1f | $189,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,124 |
| 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 | -$135,217 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $177,510 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,677 |
| Compensation of current officers, directors, key employees. | $38,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,351 |
| Payroll taxes | $8,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,516 |
| Advertising and promotion | $3,151 |
| Office expenses | $2,450 |
| Information technology | $5,943 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,357 |
| 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 | $120 |
| Insurance | $2,842 |
| All other expenses | $0 |
| Total functional expenses | $364,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,589 |
| 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 | $1,043 |
| Net Land, buildings, and equipment | $330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,818 |
| Accounts payable and accrued expenses | $78,707 |
| 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 | $78,707 |
| Net assets without donor restrictions | $46,540 |
| Net assets with donor restrictions | $48,571 |
| 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 | $173,818 |
Grants Awarded
Over the last fiscal year, Poverty Alleviation Chicago has awarded $11,876 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ONWARD NEIGHBORHOOD HOUSEONWARD NEIGHBORHOOD HOUSE PURPOSE: GENERAL MISSION | $6,302 |
MARTIN LUTHER KING JR ELEMENTARYMARTIN LUTHER KING JR ELEMENTARY PURPOSE: GENERAL MISSION | $5,574 |