Rags Of Honor 1
- Assets
- $19.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2015
- Data as of
- 12/2023
- 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 12/2023, Rags Of Honor 1 generated $110.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $165.3k during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GENERAL ASSISTANCE TO VETERANS AND REFUGEES.THE ORGANIZATION PROVIDES ASSISTANCE TO HOMELESS AND UNEMPLOYED VETERANS AND REFUGEES BY HELPING TO PAY FOR BASIC NECESSITIES, SUCH AS FOOD, CLOTHING AND SHELTER.ADDITIONALLY, THE ORGANIZATION HAS PROGRAMS TO HELP VETERANS AND REFUGEES TO RECEIVE TRAINING, ACQUIRE JOBS AND INTEGRATE INTO SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Doyle President | 7 | $0 | |
Laurie Dimakos Secretary | 2 | $0 | |
Kirk Chartier Treasurer | 2 | $0 | |
Brian Daly Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,233 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,233 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,850 |
| Occupancy, rent, utilities, and maintenance | $1,983 |
| Printing, publications, postage, and shipping | $710 |
| Other expenses | $3,865 |
| Total expenses | $165,327 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,351 |
| Other assets | $0 |
| Total assets | $19,181 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,181 |
Grants Awarded
Over the last fiscal year, Rags Of Honor 1 has awarded $38,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DAYBREAK SHELTER PURPOSE: Unrestricted | $9,000 |
ERASE PTSD NOW PURPOSE: Unrestricted | $10,000 |
HOUSE IN THE WOODS PURPOSE: Unrestricted | $9,000 |
VETERANS LAST PATROL PURPOSE: Unrestricted | $10,000 |