Arose Foundation
- Assets
- $50.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-4280460
Organization Overview
Arose Foundation is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arose Foundation 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, Arose Foundation generated $111.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $110.3k during the year ending 12/2023. While expenses have increased by 30.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS YEAR, AROSE SERVED 250 YOUTH ACROSS IL AND MICHIGAN, WELCOMED 5 NEW SCHOLARS, INTRODUCED A NEW YOUTH PROGRAM, AND AWARDED $37,500 IN SCHOLARSHIP FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brielle Bryson President & CEO | 20 | $0 | |
Adarious Payton Director | 2 | $0 | |
Arlesia Taylor Director | 2 | $0 | |
Stephen Mcclain Director | 2 | $0 | |
Jeffery Beckham Jr Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,418 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $153 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,571 |
| 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 | $19,985 |
| Occupancy, rent, utilities, and maintenance | $2,009 |
| Printing, publications, postage, and shipping | $693 |
| Other expenses | $87,648 |
| Total expenses | $110,335 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,681 |
| Other assets | $0 |
| Total assets | $50,682 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,682 |