Territory Nfp
- Assets
- $442.8k
- Revenue
- $329.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 08/2016
- Data as of
- 06/2023
- EIN
- 47-3607717
Organization Overview
Territory Nfp is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Territory Nfp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Territory Nfp 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 06/2023, Territory Nfp generated $329.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.9% each year . All expenses for the organization totaled $203.2k during the year ending 06/2023. While expenses have increased by 36.2% per year over the past 4 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
TERRITORY IS A PLACE-BASED URBAN DESIGN STUDIO WHERE YOUNG PEOPLE ARE BUILDING BETTER FUTURES FOR THEMSELVES AND THEIR COMMUNITIES THROUGH THE PRACTICE OF DESIGN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TERRITORY URBAN DESIGN TEAM (TUDT): OUT OF SCHOOL PROGRAM, INTRODUCTION TO URBAN DESIGN FOR YOUTH AGES 14-19.
TERRITORY ADVANCED DESIGN STUDIO (TADS): OUT OF SCHOOL PROGRAM, ADVANCED DESIGN STUDIO FOR YOUNG PEOPLE AGES 15-21 WORKING ON PROJECTS AND COMMISSIONS FOR CLIENTS.
PATHS: WORKFORCE AND CAREER PATHWAY PROGRAMS FOR YOUNG PEOPLE AGES 16-24 POST HIGHSCHOOL SEEKING PROFESSIONAL EXPERIENCE IN DESIGN, PLANNING, AND COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Slade Executive Director | OfficerTrustee | 40 | $51,275 |
Michael Newman Board Of Directors | Trustee | 1 | $0 |
Aviv Shalgi Board Treasurer | OfficerTrustee | 1 | $0 |
Nicholette Cameron Board Of Directors | Trustee | 1 | $0 |
Lesley Roth Board Chairman | OfficerTrustee | 1 | $0 |
Helen Tsatsos Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,735 |
| Noncash contributions included in lines 1a–1f | $54,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,235 |
| Total Program Service Revenue | $106,000 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,235 |
| 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. | $66,221 |
| Compensation of current officers, directors, key employees. | $25,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,153 |
| Payroll taxes | $8,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $972 |
| Office expenses | $178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,337 |
| Travel | $333 |
| 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 | $3,043 |
| Insurance | $8,467 |
| All other expenses | $61,451 |
| Total functional expenses | $203,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $168,100 |
| 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 | $2,240 |
| Net Land, buildings, and equipment | $57,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $442,823 |
| Accounts payable and accrued expenses | $572 |
| 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 | $572 |
| Net assets without donor restrictions | $188,751 |
| Net assets with donor restrictions | $253,500 |
| 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 | $442,823 |