Salt And Light Coalition Nfp
- Assets
- $6.3m
- Revenue
- $580.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-4602703
Organization Overview
Salt And Light Coalition Nfp is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (P43) the organization is classified as: Family Violence Shelters, under the broad grouping of Human Services and related organizations. As of 12/2023, Salt And Light Coalition Nfp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt And Light Coalition 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 12/2023, Salt And Light Coalition Nfp generated $580.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $408.7k during the year ending 12/2023. While expenses have increased by 26.5% per year over the past 6 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
SALT & LIGHT COALITION IS A GRASSROOTS MOVEMENT THATN MOBILIZES INDIVIDUALS AND ORGANIZATIONS TO EMPOWER SURVIVORS OF TRAFFICKING TO LIVE MEANINGFUL AND PURPOSEFUL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALT AND IGHT COALITION IS A GRASSROOTS MOVEMENT MOBILIZING INDIVIDUALS AND ORGANIZATIONS TO EMPOWER SURVIVORS TO LIVE MEANINGFUL AND PURPOSEFUL LIVES. THE SALT AND LIGHT COALITION PRIORITIZES DEPTH, NOT REACH. WE FOCUS ON COMPLETELY TRANSFORMING THE LIVES OF WOMEN WHO THEN CHANGE THE LIVES OF THEIR FAMILIES, COMMUNITIES,AND SURROUNDING WORLD. WHEN YOU INVEST IN WOMEN, YOUR DIVIDEND IS HIGHER, A PHENOMENON THAT THE WORLD BANK CALLS THE GIRL EFFECT. FOCUSING ON THE DEEPLY TRANSFORMATIVE POSER OF WOMEN EXPONENTIALLY GROWS OUR IMPACT. ON AVERAGE, THRIVERS SEE A 20% DECREASE IN THEIR DEPRESSION SCORES DURING THEIR YEAR WITH SALC, A 23% DECREASE IN THEIR ANXIETY SCORES, AND 19% INCREASE IN THEIR SELF-ESTEEM. 47% OF THRIVERS COME INTO SALC WITHOUT A HIGH SCHOOL DEGREE. UPON GRADUATION 79% HAVE THEIR HIGH SCHOOL DIPLOMA OR GED. ALTHOUGH ONLY 11% OV THRIVERS HAVE WORK HISTORY COMING IN, 75% ARE WORKING AT GRADUATION. ONLY 16% OF THRIVERS COME TO SALC WITH STABLE HOUSING, BUT AT GRADUATION, 75% HAVE STABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Izabel Olson President & CEO | OfficerTrustee | 35 | $0 |
Karen Hickman Trustee | Trustee | 5 | $0 |
Audrina Sinclair Trustee | Trustee | 0 | $0 |
Jasmine Watkins Trustee | Trustee | 0 | $0 |
Joan Bottarini Treasurer | Officer | 5 | $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 | $439,996 |
| Noncash contributions included in lines 1a–1f | $4,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,996 |
| Total Program Service Revenue | $0 |
| Investment income | $140,823 |
| 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 | $580,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,190 |
| 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 | $187,055 |
| Pension plan accruals and contributions | $2,470 |
| Other employee benefits | $124 |
| Payroll taxes | $17,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,278 |
| Advertising and promotion | $7,280 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,522 |
| Travel | $3,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,066 |
| Interest | $198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,402 |
| Insurance | $5,777 |
| All other expenses | $4,020 |
| Total functional expenses | $408,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,993 |
| Savings and temporary cash investments | $40,912 |
| 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 | $15,565 |
| Investments—publicly traded securities | $4,512,288 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,564,319 |
| Total assets | $6,343,077 |
| Accounts payable and accrued expenses | $17,640 |
| 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 | $4,066 |
| Total liabilities | $21,706 |
| Net assets without donor restrictions | $6,321,371 |
| 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 | $6,343,077 |