National Able Network Inc
- Assets
- $12.7m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 1,297
- Location
- Chicago, IL
- Founding
- 06/1974
- Data as of
- 06/2023
- 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 06/2023, National Able Network Inc employed 1,297 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 06/2023, National Able Network Inc generated $22.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $22.4m during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
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 |
|---|---|---|---|
Tammy Mcmiller Board Chair | OfficerTrustee | 3 | $0 |
Michael Chrisler Treasurer | OfficerTrustee | 2 | $0 |
Maija Renko Secretary | OfficerTrustee | 2 | $0 |
Matthew Vandenack Director | Trustee | 2 | $0 |
Jonelle Welch Director | Trustee | 2 | $0 |
Khadija James-Keating Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lay Inc Cisco Training | 6/29/23 | $165,910 |
Jr Training Inc Cisco Training | 6/29/23 | $186,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,002 |
| Membership dues | $0 |
| Fundraising events | $82,100 |
| Related organizations | $0 |
| Government grants | $20,322,484 |
| All other contributions, gifts, grants, and similar amounts not included above | $803,582 |
| Noncash contributions included in lines 1a–1f | $19,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,233,168 |
| Total Program Service Revenue | $927,701 |
| Investment income | $26,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $456,724 |
| 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 | $22,678,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $112,261 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $807,533 |
| Compensation of current officers, directors, key employees. | $356,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,787,056 |
| Pension plan accruals and contributions | $153,023 |
| Other employee benefits | $1,329,245 |
| Payroll taxes | $427,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,220,606 |
| Advertising and promotion | $0 |
| Office expenses | $256,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,530,677 |
| Travel | $69,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,425 |
| Insurance | $91,401 |
| All other expenses | $0 |
| Total functional expenses | $22,350,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,828,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $3,531,798 |
| 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 | $181,909 |
| Net Land, buildings, and equipment | $32,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,917,207 |
| Total assets | $12,691,667 |
| Accounts payable and accrued expenses | $1,797,688 |
| Grants payable | $0 |
| Deferred revenue | $179,962 |
| 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 | $5,396,388 |
| Total liabilities | $7,374,038 |
| Net assets without donor restrictions | $4,435,787 |
| Net assets with donor restrictions | $881,842 |
| 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 | $12,691,667 |