Helmsmanship Inc
- Assets
- $407.1k
- Revenue
- $31.5k
- Investments
- $383.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-2845371
Organization Overview
Helmsmanship Inc is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helmsmanship 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 12/2021, Helmsmanship Inc generated $31.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $71.9k during the year ending 12/2021. While expenses have increased by 24.3% per year over the past 3 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.
Since 2019, Helmsmanship Inc has awarded 55 individual grants totaling $132,305. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Crowley Pres/member/director | 0 | $0 | |
Kenneth A Kelly Director | 0 | $0 | |
Peter E Goschi Secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,284 |
| Capital Gain Net Income | $30,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $315 |
| Total operating and administrative expenses | $1,406 |
| Contributions, gifts, grants paid | $70,500 |
| Total expenses and disbursements | $71,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,444 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $407,085 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Helmsmanship Inc has awarded $70,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF CHICAGO PURPOSE: NON PROFIT ORGANIZATION | $10,000 |
CANAL CORRIDOR ASSOCIATION PURPOSE: NON PROFIT ORGANIZATION | $5,000 |
CHICAGO MARITIME ARTS CENTER PURPOSE: NON PROFIT ORGANIZATIONNON PROFIT ORGANIZATION | $5,000 |
PRAGERU FOUNDATION PURPOSE: NON PROFIT ORGANIZATION | $5,000 |
Sausalito, CA PURPOSE: 5000501C3 NON PROFIT ORGANIZATION | $5,000 |
Chicago, IL PURPOSE: 501C3 NON PROFIT ORGANIZATION | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |
Chicago White Sox Charities Inc Chicago, IL | $4,778,883 | $3,310,890 |
Emerson Directors & Officers Charitable Tr Po Box Chic, IL | $2,873,134 | $770,284 |
Invest For Kids Inc Chicago, IL | $849,493 | $1,726,967 |