Network For Young Adult Success
- Assets
- $940.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 08/2019
- Data as of
- 06/2021
- EIN
- 84-2274767
Organization Overview
Network For Young Adult Success is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Network For Young Adult Success employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network For Young Adult Success 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 06/2021, Network For Young Adult Success generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $782.7k during the year ending 06/2021. 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
EMPOWERING YOUNG ADULTS TO REALIZE THEIR PROFESSIONAL ASPIRATIONS BY SUPPORTING THEIR SUCCESSFUL DEGREE ATTAINMENT AND CAREER PREPARATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NETWORK'S SIGNATURE PROGRAM, UTMOSTU, IS A HIGHLY INNOVATIVE MODEL LEVERAGING HOLISTIC SUPPORTS, STRATEGIC PARTNERSHIPS, AND A UNIQUE TECHNOLOGY PLATFORM. FOUNDED ON THE COMER EDUCATION CAMPUS IN 2012, UTMOSTU IS NOW REACHING MULTIPLE CHICAGO COMMUNITIES AS THE NETWORK SCALES TO IMPACT HUNDREDS MORE YOUNG ADULTS EACH YEAR. THE VISION IS TO EQUIP YOUNG ADULTS ACROSS CHICAGO AND IN SIMILAR REGIONS NATIONALLY TO REACH THEIR GREATEST DEGREE IN LIFE. UTMOSTU GUIDES AND SUPPORTS RECENT HIGH SCHOOL GRADUATES TO SUCCEED IN THEIR POST-SECONDARY PURSUITS. UTMOSTU IS RELATIONSHIP-DRIVEN AND DATA-DRIVEN, EMPOWERING HIGH SCHOOL GRADUATES TO EARN DEGREES AND CREDENTIALS, LAUNCH CAREERS, AND THRIVE IN LIFE. UTMOSTU LEVERAGES HOLISTIC SUPPORTS, STRATEGIC PARTNERSHIPS AND A UNIQUE TECHNOLOGY PLATFORM TO HELP YOUNG ADULTS SUCCEED.
CAREER PATHWAYS SUPPORTS YOUNG ADULTS PURSUING EMPLOYMENT, INDUSTRY RECOGNIZED CREDENTIALS, AND TRAINING PROGRAMS THAT LEAD TO CAREERS WITH STRONG EARNING POTENTIAL AND PROFESSIONAL GROWTH.
THE NETWORK'S SIGNATURE PROGRAM, UTMOSTU, IS A HIGHLY INNOVATIVE MODEL LEVERAGING HOLISTIC SUPPORTS, STRATEGIC PARTNERSHIPS, AND A UNIQUE TECHNOLOGY PLATFORM. FOUNDED ON THE COMER EDUCATION CAMPUS IN 2012, UTMOSTU IS NOW REACHING MULTIPLE CHICAGO COMMUNITIES AS THE NETWORK SCALES TO IMPACT HUNDREDS MORE YOUNG ADULTS EACH YEAR. THE VISION IS TO EQUIP YOUNG ADULTS ACROSS CHICAGO AND IN SIMILAR REGIONS NATIONALLY TO REACH THEIR GREATEST DEGREE IN LIFE. UTMOSTU GUIDES AND SUPPORTS RECENT HIGH SCHOOL GRADUATES TO SUCCEED IN THEIR POST-SECONDARY PURSUITS. UTMOSTU IS RELATIONSHIP-DRIVEN AND DATA-DRIVEN, EMPOWERING HIGH SCHOOL GRADUATES TO EARN DEGREES AND CREDENTIALS, LAUNCH CAREERS, AND THRIVE IN LIFE. UTMOSTU LEVERAGES HOLISTIC SUPPORTS, STRATEGIC PARTNERSHIPS AND A UNIQUE TECHNOLOGY PLATFORM TO HELP YOUNG ADULTS SUCCEED.
CAREER PATHWAYS SUPPORTS YOUNG ADULTS PURSUING EMPLOYMENT, INDUSTRY RECOGNIZED CREDENTIALS, AND TRAINING PROGRAMS THAT LEAD TO CAREERS WITH STRONG EARNING POTENTIAL AND PROFESSIONAL GROWTH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bennett Associate Executive Director | 40 | $105,524 | |
Gregory Mooney Director And President | OfficerTrustee | 5 | $0 |
Eric Weinheimer Director And Secretary | OfficerTrustee | 1 | $0 |
Patricia Redd Director And Treasurer | OfficerTrustee | 1 | $0 |
Patricia Ford Director | Trustee | 1 | $0 |
Mike Pincus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $926,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,005,301 |
| Total Program Service Revenue | $29,150 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,034,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,088 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,699 |
| Pension plan accruals and contributions | $2,768 |
| Other employee benefits | $36,470 |
| Payroll taxes | $31,058 |
| Fees for services: Management | $70,000 |
| Fees for services: Legal | $2,474 |
| Fees for services: Accounting | $22,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,096 |
| Advertising and promotion | $0 |
| Office expenses | $221 |
| Information technology | $38,498 |
| Royalties | $0 |
| Occupancy | $12,252 |
| Travel | $180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,274 |
| All other expenses | $5,717 |
| Total functional expenses | $782,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $605,009 |
| Accounts receivable, net | $9,691 |
| 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 | $16,279 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $940,783 |
| Accounts payable and accrued expenses | $57,921 |
| Grants payable | $0 |
| Deferred revenue | $13,050 |
| 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 | $70,971 |
| Net assets without donor restrictions | $165,886 |
| Net assets with donor restrictions | $703,926 |
| 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 | $940,783 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Network For Young Adult Success has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Mhnu Corporation Chicago, IL PURPOSE: Support organization initiatives | $50,000 |
Vivo Foundation Libertyville, IL PURPOSE: TO FURTHER THE MISSION OF THE DONEE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |