Rags Of Honor 1
- Assets
- $108.1k
- Revenue
- $201.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 46-4924505
Organization Overview
Rags Of Honor 1 is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rags Of Honor 1 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 12/2021, Rags Of Honor 1 generated $201.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $178.9k during the year ending 12/2021. While expenses have increased by 18.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAGS OF HONOR 1 (THE "ORGANIZATION")IS DEDICATED TO SUPPORTING HOMELESS AND UNEMPLOYED MILITARY VETERANS AND THE CAREGIVERS OF SEVERELY WOUNDED SOLDIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ASSISTANCE TO VETERANS. THE ORGANIZATION PROVIDES ASSISTANCE TO HOMELESS AND UNEMPLOYED VETERANS BY HELPING TO PAY FOR BASIC NECESSITIES SUCH AS FOOD AND SHELTER. ADDITIONALLY, THE ORGANIZATION HAS PROGRAMS TO HELP THE VETERANS RECEIVE PROFESSIONAL TRAINING, ACQUIRE JOBS, AND TO REINTEGRATE INTO SOCIETY.
CHARITY GOLF OUTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Doyle President | OfficerTrustee | 7 | $0 |
Kirk Chartier Treasurer | Officer | 2 | $0 |
Laurie Dimakos Secretary | Officer | 2 | $0 |
Brian Daly Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,819 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,238 |
| Grants and other assistance to domestic individuals. | $86,434 |
| 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 | $2,100 |
| 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 | $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 | $3,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,312 |
| 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 | $202 |
| All other expenses | $25,457 |
| Total functional expenses | $178,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,294 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,830 |
| 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 | $108,124 |
| 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 | $108,124 |
| 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 | $108,124 |
Grants Awarded
Over the last fiscal year, Rags Of Honor 1 has awarded $38,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Unrestricted | $10,000 |
Spartanburg, SC PURPOSE: Unrestricted | $10,000 |
Lawrence, MA PURPOSE: Unrestricted | $9,000 |
Lee, ME PURPOSE: Unrestricted | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rags Of Honor 1 has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
John E Rosenthal Charitable Trust Beverly, MA PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rosecrance Inc Rockford, IL | $86,180,732 | $66,976,100 |
Hope Haven Incorporated Rock Valley, IA | $37,686,994 | $51,176,008 |
Cornerstone Service Inc Joliet, IL | $39,737,270 | $40,769,202 |
Lighthouse For The Blind St Louis, MO | $132,994,524 | $33,499,796 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Center For Human Services Inc Sedalia, MO | $26,886,839 | $25,741,187 |
Mainstream Living Inc Stuart Ambrose Ames, IA | $14,812,634 | $26,461,263 |
Area Resources For Community And Human Services St Louis, MO | $7,485,781 | $21,715,515 |
Kreider Services Inc Dixon, IL | $7,634,045 | $20,356,792 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |