Gold Coast Neighbors Association
- Assets
- $254.4k
- Revenue
- $182.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1999
- Data as of
- 09/2023
- EIN
- 36-6086117
Organization Overview
Gold Coast Neighbors Association is located in Chicago, IL. The organization was established in 1999. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gold Coast Neighbors Association 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 09/2023, Gold Coast Neighbors Association generated $182.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $148.3k during the year ending 09/2023. While expenses have increased by 7.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILD A SENSE OF COMMUNITY AND ENHANCE QUALITY OF LIFE BY: ADVOCATING ON BEHALF OF ITS MEMBERS, SERVING AS A FORUM FOR COMMUNITY ISSUES AND HISTORICAL EDUCATION, FOSTERING FRIENDSHIP AMONG ITS NEIGHBORS, AND PROMOTING SAFETY, PRESERVATION AND BEAUTIFICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY AND SECURITY - THE ASSOCIATION HIRES A PRIVATE SECURITY FIRM TO PATROL THE GOLD COAST NEIGHBORHOOD LATE AT NIGHT ON FRIDAYS AND SATURDAYS, AS WELL AS ALL DAY ON SATURDAYS, SUNDAYS, AND HOLIDAYS. THE SAFETY PATROL'S MISSION IS TO: EXHIBIT THEIR PRESENCE AS A DETERRENT TO POTENTIAL OFFENDERS, WATCH FOR DISTURBANCES OR SUSPICIOUS ACTIVITY, NOTIFY AND ASSIST THE POLICE OF ANY SUSPECT ACTIVITY IN PROGRESS, IDENTIFY ANY PROPERTY DAMAGE, INTERVENE IF CITIZENS ARE PHYSICALLY THREATENED OR IN DANGER, OBSERVE ADHERENCE TO COMMUNITY SAFETY AGREEMENTS BY BUSINESS OWNERS, AND REPORT INCIDENTS AND SAFETY RECOMMENDATIONS TO THE ASSOCIATION'S BOARD.
BEAUTIFICATION OF PUBLIC SPACE - ENHANCE THE BEAUTY AND PROTECT THE HERITAGE OF THE CHICAGO, IL NEIGHBORHOOD BETWEEN AND INCLUDING NORTH AVENUE AND BELLEVUE PLACE, AND NORTH LAKE SHORE DRIVE AND CLARK STREET, FOR THE BENEFIT OF THE NEIGHBORS, THE CITY OF CHICAGO AT LARGE, AND FOR ALL THOSE WHO VISIT THE AREA'S LAKEFRONT AND PARKWAYS.
OTHER - PROVIDE OUTREACH TO AREA RESIDENTS AND BUSINESSES; PROVIDE AREA RESIDENTS AND BUSINESSES WITH A NEWSLETTER PUBLISHED THREE TIMES A YEAR, AND HOST AN ANNUAL MEETING FEATURING A FORUM WITH LOCAL ELECTED OFFICIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Lemar President | OfficerTrustee | 1 | $0 |
Carla Walker 1st Vice President | OfficerTrustee | 1 | $0 |
Sandie Benen Vice President | OfficerTrustee | 1 | $0 |
Terry Muldoon Vice President | OfficerTrustee | 1 | $0 |
Dorothy Nelson Secretary | OfficerTrustee | 1 | $0 |
Pat Paul Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,845 |
| Fundraising events | $66,382 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,083 |
| Total Program Service Revenue | $0 |
| Investment income | $311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,204 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,354 |
| Advertising and promotion | $0 |
| Office expenses | $1,554 |
| Information technology | $3,635 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,936 |
| All other expenses | $0 |
| Total functional expenses | $148,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $254,373 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $152,904 |
| Net assets with donor restrictions | $101,469 |
| 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 | $254,373 |