National Able Network Inc
- Assets
- $7.2m
- Revenue
- $25.1m
- Investments
- $0.0
- Employees
- 1,471
- Location
- Chicago, IL
- Founding
- 06/1974
- Data as of
- 06/2022
- EIN
- 23-7339397
Organization Overview
National Able Network Inc is located in Chicago, IL. The organization was established in 1974. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, National Able Network Inc employed 1,471 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Able Network 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 06/2022, National Able Network Inc generated $25.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $24.7m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARING TODAYS COMMUNITIES TO MEET TOMORROWS CHALLENGES THROUGH EDUCATION, EMPLOYMENT, AND OPPORTUNITY. WE USE OUR EXPERTISE TO EMPOWER PEOPLE TO IMPROVE THEIR LIVES BY PROVIDING THE MEANS TO SELF-SUFFICIENCY THROUGH SUSTAINABLE EMPLOYMENT, AND CAREER AND LIFE ADVANCEMENT. WE NURTURE LIFE-LONG LEARNING WHILE BUILDING BRIDGES BETWEEN EDUCATION, TRAINING AND CAREER READINESS, AND BETWEEN WORKFORCE AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYER SERVICES PROVIDE DIRECT REFERRALS OF PRE-SCREENED AND TRAINED CANDIDATES INCLUDING TARGETED HIRING EVENTS AND CUSTOMIZED EMPLOYMENT TRAINING SERVICES.
CLIENT TRAINING PROVIDES VOCATIONAL AND ON-THE-JOB TRAINING PROVIDED TO ECONOMICALLY DISADVANTAGED INDIVIDUALS INCLUDING DISLOCATED WORKERS, LOW-INCOME SENIORS, AND VETERANS TO PREPARE THEM FOR RE-EMPLOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Altenburg President And CEO | OfficerTrustee | 37.5 | $269,997 |
Khalid M Qazi Chief Financial Officer | Officer | 37.5 | $201,538 |
Mathew C Weis President | Officer | 37.5 | $160,499 |
Mark Rasmussen Chief Information Officer | Officer | 37.5 | $160,091 |
Gail Berrier VP Hr | 37.5 | $141,879 | |
Kristen Cullotta Program Development VP | 37.5 | $128,327 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lay Inc Cisco Training | 6/29/22 | $117,295 |
Jr Training Cisco Training | 6/29/22 | $191,522 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $24,999 |
| Membership dues | $0 |
| Fundraising events | $29,950 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,089 |
| Total Program Service Revenue | $23,852,482 |
| Investment income | $189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $440,868 |
| 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 | $25,138,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $120,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $859,003 |
| Compensation of current officers, directors, key employees. | $383,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,726,171 |
| Pension plan accruals and contributions | $163,483 |
| Other employee benefits | $1,690,982 |
| Payroll taxes | $462,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200,923 |
| Advertising and promotion | $0 |
| Office expenses | $221,861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,461,777 |
| Travel | $45,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,118 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,535 |
| Insurance | $96,891 |
| All other expenses | $0 |
| Total functional expenses | $24,727,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,359,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $230,000 |
| Accounts receivable, net | $3,407,881 |
| 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 | $80,282 |
| Net Land, buildings, and equipment | $24,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,676 |
| Total assets | $7,162,262 |
| Accounts payable and accrued expenses | $1,458,381 |
| Grants payable | $0 |
| Deferred revenue | $205,439 |
| 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 | $508,311 |
| Total liabilities | $2,172,131 |
| Net assets without donor restrictions | $4,178,593 |
| Net assets with donor restrictions | $811,538 |
| 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 | $7,162,262 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that National Able Network Inc has recieved totaling $1,179,949.
| Awarding Organization | Amount |
|---|---|
Robert R Mccormick Foundation Chicago, IL PURPOSE: VETERANS FORWARD, FOR SUPPORT OF COMMERCIAL CLUB VETERANS WORKING GROUP AND STATEWIDE WORKFORCE INTEGRATION | $320,000 |
Fluet Foundation Mclean, VA PURPOSE: SPONSORSHIP | $300,000 |
Franklin Education Forum Washington, DC PURPOSE: SUPPORT AFGHAN REFUGEES | $254,768 |
Pritzker Military Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $50,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE IT CAREER LAB PROGRAM IN WHICH STUDENTS WILL RECEIVE PERSONALIZED CAREER COACHING, BLENDED IN-CLASSROOM AND HANDS-ON INSTRUCTION, JOB SEARCH ASSISTANCE INCLUDING RESUME DEVELOPMENT, EMPLOYMENT OPPORTUNITIES, AND PLACEMENT. | $50,000 |
Chicago Foundation For Women Chicago, IL PURPOSE: THE IT CAREER LAB TRAINING PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Go-Hire Employment And Development Hazard, KY | $7,206,602 | $38,687,303 |
Chicago Cred Inc Chicago, IL | $17,202,053 | $26,234,950 |
Forward Service Corporation Madison, WI | $19,094,108 | $27,791,768 |
National Able Network Inc Chicago, IL | $7,162,262 | $25,138,071 |
Supporting Families Together Association Inc Madison, WI | $1,243,761 | $19,699,760 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Chicago Urban League Chicago, IL | $6,767,284 | $15,691,423 |
Cara Program Chicago, IL | $15,165,260 | $11,673,454 |
The Mission Continues Saint Louis, MO | $10,410,766 | $11,093,875 |
Mayors Youth Empowerment Program Iowa City, IA | $6,304,962 | $7,071,387 |
Comptia Tech Career Academy Downers Grove, IL | $2,728,852 | $5,424,881 |