Friends Of Whitney M Young High School
- Assets
- $506.6k
- Revenue
- $564.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2003
- Data as of
- 06/2022
- EIN
- 38-3646059
Organization Overview
Friends Of Whitney M Young High School is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Whitney M Young High School 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, Friends Of Whitney M Young High School generated $564.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $430.8k during the year ending 06/2022. 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
THE ORGANIZATION SUPPORTS STUDENT AND FACULTY ACTIVITIES AT WHITNEY M. YOUNG HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF MUSIC AND ART PROGRAMS, CLASSROOM ENHANCEMENTS, SERVICE ORGANIZATIONS, TEACHER ENRICHMENT AND EXTRACURICULAR ACTIVITIES AT WHITNEY M. YOUNG HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Young Director | Trustee | 2 | $0 |
Yolanda Paramore Vice President | OfficerTrustee | 5 | $0 |
Stephanie Majca Treasurer | OfficerTrustee | 5 | $0 |
Arlyne Chin President | OfficerTrustee | 5 | $0 |
Lynne Radomski Secretary | OfficerTrustee | 2 | $0 |
William May Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $209,545 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,106 |
| Total Program Service Revenue | $0 |
| Investment income | $543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,995 |
| Net Income from Fundraising Events | -$6,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,951 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,645 |
| Advertising and promotion | $0 |
| Office expenses | $883 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,066 |
| All other expenses | $165 |
| Total functional expenses | $430,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,734 |
| Savings and temporary cash investments | $464,852 |
| 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 | $506,586 |
| 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 | $236,450 |
| Net assets with donor restrictions | $270,136 |
| 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 | $506,586 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Friends Of Whitney M Young High School has recieved totaling $90,156.
| Awarding Organization | Amount |
|---|---|
United States Tennis Association Inc White Plains, NY PURPOSE: PROGRAM GRANT | $70,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,798 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,708 |
Meredith Corporation Foundation Des Moines, IA PURPOSE: GENERAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $300 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Simon Youth Foundation Inc Indianapolis, IN | $13,534,989 | $1,991,502 |
Great Books Foundation Chicago, IL | $3,063,168 | $3,289,304 |
Turnk The Page Kc Inc Kansas City, MO | $555,932 | $3,146,244 |
La Crosse Medical Health Science Consortium Inc La Crosse, WI | $13,920,244 | $1,509,206 |
Wisconsin Literacy Inc Madison, WI | $355,424 | $1,313,626 |
Literacy Network Inc Madison, WI | $4,205,047 | $2,002,520 |
Ready Readers St Louis, MO | $1,581,585 | $1,585,720 |
School On Wheels Corp Indianapolis, IN | $2,488,592 | $1,690,910 |
Chicago Citywide Literacy Coalition Chicago, IL | $1,103,489 | $1,225,090 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Chicago Heightening Opportunity And Potential For Educational Success Chicago, IL | $1,173,887 | $1,219,506 |