The Chapel At Olive Branch
- Assets
- $1.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 43
- Location
- Chicago, IL
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 36-2365901
Organization Overview
The Chapel At Olive Branch is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Chapel At Olive Branch employed 43 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Chapel At Olive Branch 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 12/2023, Chapel At Olive Branch generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 18.7% 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
STRATEGICALLY ENGAGED IN CREATION OPPORTUNITIES FOR LIFE TRANSFORMATION, GROWTH, DEVELOPMENT, AND RESTORATION OF INDIVIDUALS, FAMILIES, AND COMMUNITIES, PERSERVING HUMAN DIGNITY, IMPROVING QUALITY OF LIFE AND ACHIEVING ENDURING SELF-SUSTAINABILITY AND SELF-DETERMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Whitman Jr Board Member | Trustee | 1 | $0 |
Feranda Williamson Board Member | Trustee | 1 | $0 |
Fred Tetreault Board Member | Trustee | 1 | $0 |
Larry Roberts Board Member | Trustee | 1 | $0 |
Byron Brazier Board Member | Trustee | 1 | $0 |
Byron Forbes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,851,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,268,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,119,959 |
| Total Program Service Revenue | $0 |
| Investment income | $18,715 |
| 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 | $4,169,335 |
| 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 | $2,224,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,578 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,836 |
| Travel | $18 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,767 |
| Insurance | $116,754 |
| All other expenses | $132,096 |
| Total functional expenses | $3,664,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,226 |
| Savings and temporary cash investments | $35,124 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $768,054 |
| 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 | $0 |
| Net Land, buildings, and equipment | $614,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,132 |
| Total assets | $1,928,850 |
| Accounts payable and accrued expenses | $156,583 |
| 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 | $0 |
| Secured mortgages and notes payable | $1,521,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,385 |
| Total liabilities | $1,711,629 |
| Net assets without donor restrictions | $217,221 |
| Net assets with donor restrictions | $0 |
| 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 | $1,928,850 |