Options For Youth
- Assets
- $366.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Chicago, IL
- Founding
- 11/2005
- Data as of
- 06/2023
- EIN
- 20-1438278
Organization Overview
Options For Youth is located in Chicago, IL. The organization was established in 2005. 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 06/2023, Options For Youth employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Options For Youth 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 06/2023, Options For Youth generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 11.2% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPTIONS FOR YOUTH ("OFY") ENGAGES IN THE TRAINING AND SUPPORT OF ADOLESCENT MOTHERS AND ADOLESCENT MALES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND SUPPORT OF ADOLESCENT MOTHERS AND ADOLESCENT MALES THROUGH WEEKLY GROUP MEETINGS AND HOME VISITING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia W Mosena President | OfficerTrustee | 38 | $79,000 |
Annette Washington Treasurer | OfficerTrustee | 2 | $0 |
Shirley A Massey Director | Trustee | 1 | $0 |
Vera Clark Director | Trustee | 1 | $0 |
Erin Le Chairman | OfficerTrustee | 2 | $0 |
Bill Lowry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,009,047 |
| Noncash contributions included in lines 1a–1f | $9,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,009,047 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,017,407 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $624,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,531 |
| Payroll taxes | $69,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,835 |
| Advertising and promotion | $0 |
| Office expenses | $2,062 |
| Information technology | $3,681 |
| Royalties | $0 |
| Occupancy | $36,819 |
| Travel | $21,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,332 |
| Interest | $3,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,992 |
| All other expenses | $10,682 |
| Total functional expenses | $1,044,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $120,945 |
| Accounts receivable, net | $80,000 |
| 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 | $387 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,875 |
| Total assets | $366,854 |
| Accounts payable and accrued expenses | $43,553 |
| 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 | $28,000 |
| Secured mortgages and notes payable | $110,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,215 |
| Total liabilities | $221,768 |
| Net assets without donor restrictions | -$47,414 |
| Net assets with donor restrictions | $192,500 |
| 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 | $366,854 |