Young Black & Lit
- Assets
- $189.5k
- Revenue
- $418.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 06/2018
- Data as of
- 06/2022
- EIN
- 83-0750153
Organization Overview
Young Black & Lit is located in Evanston, IL. The organization was established in 2018. According to its NTEE Classification (O19) the organization is classified as: Support N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Black & Lit 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 06/2022, Young Black & Lit generated $418.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 72.4% each year . All expenses for the organization totaled $102.6k during the year ending 06/2022. While expenses have increased by 32.2% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
YOUNG, BLACK & LIT IS A 501(C)(3) NONPROFIT ORGANIZATION COMMITTED TO INCREASING ACCESS TO CHILDRENS BOOKS THAT CENTER, REFLECT, AND AFFIRM BLACK CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG, BLACK & LIT SOURCES AND DISTRIBUTES NEW CHILDRENS BOOKS FEATURING BLACK MAIN CHARACTERS TO YOUTH AT NO COST TO THE YOUTH OR THEIR FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maritta Roseman Board Of Director | OfficerTrustee | 10 | $0 |
Faith Lam Board Of Director | OfficerTrustee | 10 | $0 |
Kendra Cole Officer | OfficerTrustee | 10 | $0 |
Krystin Madison Board Of Director | OfficerTrustee | 10 | $0 |
Krenice Ramsey Co Founder Board Of Director | OfficerTrustee | 15 | $0 |
Derrick Ramsey Co Founder Board Of Director | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,546 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,471 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,471 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,247 |
| Fees for services: Legal | $3,761 |
| 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 | $84,243 |
| Advertising and promotion | $390 |
| Office expenses | $4,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,202 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $102,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,480 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,480 |
| 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 | $189,480 |
| 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 | $189,480 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Young Black & Lit has recieved totaling $14,227.
| Awarding Organization | Amount |
|---|---|
National Book Foundation Inc New York, NY PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $10,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $1,596 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $531 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boy Scouts Of America Indianapolis, IN | $24,831,351 | $2,266,472 |
Bgcfw Support Corporation Fort Wayne, IN | $7,701,158 | $54,570 |
Fenwick Girls Hockey Club Inc Oak Park, IL | $64,395 | $318,614 |
Free Bikes 4 Kidz Madison Inc Madison, WI | $49,529 | $0 |
Young Black & Lit Evanston, IL | $189,480 | $418,471 |
Respectacle Inc Hudson, WI | $292,236 | $0 |
NONPROFIT UNITED INC co COPILEVITZ LAM & RANEY Kansas City, MO | $0 | $51,057 |
Board Of Regents Of The University Of Wisconsin System Kewaunee, WI | $219,384 | $0 |
Grundy County Friends Seneca, IL | $16,918 | $0 |
Help Heal Humanity Inc Nfp Chicago, IL | $332 | $0 |
Hiawathaland Camp Corporation Appleton, WI | $731,481 | $0 |