Chicago Cred Inc
- Assets
- $17.2m
- Revenue
- $26.2m
- Investments
- $5.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-3130448
Organization Overview
Chicago Cred Inc is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Cred Inc 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, Chicago Cred Inc generated $26.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $28.5m during the year ending 12/2021. While expenses have increased by 53.6% per year over the past 5 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.
Since 2018, Chicago Cred Inc has awarded 80 individual grants totaling $26,645,870. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOLISTIC APPROACH TO REDUCE GUN VIOLENCE, WORK IN COMMUNITIES MOST IMPACTED BY CRISIS, PROVIDE RESOURCES FOR STRATEGIC VIOLENCE REDUCTION AND DEVELOP POLICY SOLUTIONS.
PROVIDE JOB SKILLS AND OTHER JOB-READINESS TRAINING TO AT-RISK YOUNG MEN IN CHICAGO WHO ARE OUT OF WORK AND OUT OF SCHOOL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Lee Chief Of Strategy & Policy | 40 | $218,800 | |
Rahul Pasarnikar President Of A Disregarded Entity Owned By The Foundation | 1 | $0 | |
Melvyn Hayward Jr Head Of Programs | 40 | $177,600 | |
Jalon R Arthur Director Of Strategi | 40 | $166,939 | |
Jennifer L Keeling Director Of Strategi | 40 | $161,635 | |
Donald Tyler Director, Clinical S | 40 | $146,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rosewood Family Advisors Llp | 12/30/21 | $253,805 |
Ideal Concepts Group Llc | 12/30/21 | $210,912 |
Baker & Mckenzie Llp (0305) | 12/30/21 | $109,535 |
Brunton Management Consulting Llc | 12/30/21 | $73,013 |
Law Offices Of Emmanuel Andre | 12/30/21 | $55,524 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,065,133 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $169,817 |
| Total Revenue | $26,234,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $243,762 |
| Other employee salaries and wages | $2,498,122 |
| Pension plans, employee benefits | $395,882 |
| Interest | $147,784 |
| Taxes | $196,609 |
| Depreciation | $228,441 |
| Occupancy | $832,359 |
| Travel, conferences, and meetings | $568,971 |
| Printing and publications | $0 |
| Other expenses | $12,386,338 |
| Total operating and administrative expenses | $19,331,063 |
| Contributions, gifts, grants paid | $9,144,540 |
| Total expenses and disbursements | $28,475,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,519,960 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $120,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $705,900 |
| Net Investments - land, buildings, equipment | $140,540 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,326,443 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $389,210 |
| Total assets | $17,202,053 |
| Accounts payable and accrued expenses | $82,527 |
| Grants payable | $1,261,395 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,672,628 |
| Other liabilities | $4,432,026 |
| Total liabilities | $9,448,576 |
Grants Awarded
Over the last fiscal year, Chicago Cred Inc has awarded $9,144,540 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
CCF - CENTRAL INVESTMENT FUND PURPOSE: GENERAL SUPPORT | $1,550,000 |
THE CHICAGO COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $1,500,000 |
YOUTH PEACE CENTER PURPOSE: GENERAL SUPPORT | $990,737 |
INNER CITY MUSLIM ACTION NETWORK PURPOSE: GENERAL SUPPORT | $886,144 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $714,720 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $700,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Chicago Cred Inc has recieved totaling $29,848,236.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $22,586,280 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Workforce Development | $6,800,000 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: CAPACITY BUILDING FOR SMALL VIOLENCE REDUCTION ORGANIZATIONS | $100,000 |
The Elizabeth Morse Charitable Trust 2620341200 Chicago, IL PURPOSE: TO SUPPORT THE VIOLENCE | $90,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $64,704 |
Mayer & Morris Kaplan Foundation Chicago, IL PURPOSE: SUPPORT OF 100 BLOCKS, 100 CHURCHES | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Go-Hire Employment And Development Hazard, KY | $7,206,602 | $38,687,303 |
Chicago Cred Inc Chicago, IL | $17,202,053 | $26,234,950 |
Forward Service Corporation Madison, WI | $19,094,108 | $27,791,768 |
National Able Network Inc Chicago, IL | $7,162,262 | $25,138,071 |
Supporting Families Together Association Inc Madison, WI | $1,243,761 | $19,699,760 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Chicago Urban League Chicago, IL | $6,767,284 | $15,691,423 |
Cara Program Chicago, IL | $15,165,260 | $11,673,454 |
The Mission Continues Saint Louis, MO | $10,410,766 | $11,093,875 |
Mayors Youth Empowerment Program Iowa City, IA | $6,304,962 | $7,071,387 |
Comptia Tech Career Academy Downers Grove, IL | $2,728,852 | $5,424,881 |