Northern Illinois Community Initiatives Inc
- Assets
- $19.7m
- Revenue
- $381.6k
- Investments
- $19.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 06/2023
- EIN
- 85-1859268
Organization Overview
Northern Illinois Community Initiatives Inc is located in Chicago, IL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Illinois Community Initiatives 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 06/2023, Northern Illinois Community Initiatives Inc generated $381.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (73.5%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Northern Illinois Community Initiatives Inc has awarded 21 individual grants totaling $875,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendell Dallas Board Chair | 0.5 | $0 | |
Louie Binswanger Director (to Jul '22) | 0.5 | $0 | |
Tovah Mccord Executive Director | 40 | $0 | |
Meena Beyers Vice Chair | 1.5 | $0 | |
James M Gorenz Treasurer | 1 | $0 | |
Serena Levy Secretary (from Feb '23) | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Next Street Consulting | 6/29/23 | $180,000 |
Head & Heart Philanthropy | 6/29/23 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $474,066 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$192,482 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $381,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,200 |
| Depreciation | $3,821 |
| Occupancy | $26,550 |
| Travel, conferences, and meetings | $6,472 |
| Printing and publications | $0 |
| Other expenses | $123,059 |
| Total operating and administrative expenses | $537,855 |
| Contributions, gifts, grants paid | $575,000 |
| Total expenses and disbursements | $1,112,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,803 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,617 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,226,327 |
| Investments—other | $83,088 |
| Net Land, buildings, and equipment | $2,167 |
| Other assets | $2,000 |
| Total assets | $19,654,091 |
| Accounts payable and accrued expenses | $21,039 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,039 |
Grants Awarded
Over the last fiscal year, Northern Illinois Community Initiatives Inc has awarded $875,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
PROACTIVE COMMUNITY SERVICES PURPOSE: GENERAL OPERATING GRANT | $100,000 |
YWCA NORTHWESTERN ILLINOIS PURPOSE: PROGRAMMATIC GRANT | $100,000 |
ALLIES FOR COMMUNITY BUSINESS PURPOSE: GENERAL OPERATING GRANT | $25,000 |
THINK BIG CORPORATION PURPOSE: PROGRAMMATIC GRANT | $200,000 |
HARVEY BROOKS MOTIVATION & DEVELOPMENT FOUNDATION PURPOSE: GENERAL OPERATING GRANT | $200,000 |
CHICAGO SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION PURPOSE: PROGRAMMATIC GRANT | $100,000 |