Takeout 25 Nfp
- Assets
- $53.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- Data as of
- 06/2024
- EIN
- 87-0831522
Organization Overview
Takeout 25 Nfp is located in Oak Park, IL. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Takeout 25 Nfp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Takeout 25 Nfp generated $60.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $66.4k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ECONOMIC EMPOWERMENT - OUR GROUP GREW TO 16,000 MEMBERS ON FACEBOOK AND CONTINUED TO SUPPORT OUR LOCAL RESTAURANTS THROUGH SOCIAL MEDIA POSTS AND DISCUSSIONS. OUR EVENTS RESULTED IN US PAYING OUT ~30,000 TO PARTICIPATING RESTAURANTS AND PARTNER NOT FOR PROFITS. WE BROUGHT OUR LOCAL RESTAURANT OWNERS AND MANAGERS TOGETHER TWICE TO DISCUSS KEY ISSUES THAT NEED COLLECTIVE ACTION. FOOD SECURITY - WE DELIVERED OVER 2000 MEALS TO PEOPLE IN NEED ACROSS LOCAL WINTER AND EMERGENCY SHELTERS, AND MIGRANT SHELTERS DURING THE MIGRANT CRISIS. WE PARTNERED WITH CHURCHES,NON PROFITS, RESTAURANTS, OTHER COMMUNITY GROUPS AND COMMUNITY MEMBERS TO MAKE THIS HAPPEN. SUSTAINABILITY - WE ARE BUILDING OUR COMMUNITY AS ILLINOIS' FIRST GREEN DINING HUB IN PARTNERSHIP WITH THE ILLINOIS GREEN BUSINESS PROGRAM. WE HAVE TAKEN THIS CONCEPT OUT THROUGH MEDIA CHANNELS, PARTICIPATION IN REGIONAL CONFERENCES AND WE HAVE COMMITTED TO SPEND 25,000 OVER THE NEXT FEW YEARS IN MAKING ILLINOIS FIRST GREEN DINING HUB A REALITY IN A COMMERCIALLY RESPONSIBLE WAY. THE YEAR WE BROUGHT COMMERCIAL COMPOSTING TO OUR COMMUNITY THROUGH A PARTNERSHIP WITH WASTENOT COMPOSTING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravi Parakkat President | 20 | $0 | |
John Harris Secretary | 2 | $0 | |
Sean Hennesey Treasurer | 2 | $0 | |
Rob Gunthener Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,697 |
| Total Program Service Revenue | $34,466 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,163 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $646 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,727 |
| Total expenses | $66,373 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,641 |
| Other assets | $0 |
| Total assets | $53,641 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,641 |