National Able Network INC FY2024 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1976EIN 23-7339397

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Preparing todays communities to meet tomorrows challenges through education, employment, and opportunity. We use our expertise to empower people to improve their lives by providing the means to self-sufficiency through sustainable employment, and career and life advancement. We nurture life-long learning while building bridges between education, training and career readiness, and between workforce and economic development.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $699K a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $5.1M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.2M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.3M
-15% vs prior year
Spent
$19.0M
To programs
91%
Net assets
$5.7M
By yearFY2021–FY2025
Revenue
$19.3M
FY2024▼ -15%
Revenue by fiscal year
FY2021$27.8M
FY2022$25.1M
FY2023$22.7M
FY2024$19.3M
FY2025$20.1M
Expenses
$19.0M
FY2024▼ -15%
Expenses by fiscal year
FY2021$26.0M
FY2022$24.7M
FY2023$22.4M
FY2024$19.0M
FY2025$19.5M
Net assets
$5.7M
FY2024▲ +7%
Net assets by fiscal year
FY2021$4.6M
FY2022$5.0M
FY2023$5.3M
FY2024$5.7M
FY2025$6.3M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $17.2M Management & general 8% · $1.6M Fundraising 1% · $184K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & CEO
$282,308Pt VII · Sec A
$225,152Pt VII · Sec A
$170,905Pt VII · Sec A
Chief Program Officer
$166,429Pt VII · Sec A
$164,971Pt VII · Sec A
$159,763Pt VII · Sec A
Program Development VP
$146,492Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Matthew C Weis$305,001————
Matt Weis—$282,308———
Bridget Altenburg—$159,763$259,197$269,997$270,227
Khalid M Qazi$233,422$225,152$202,313$201,538$185,227
Mark a Rasmussen$183,875$170,905———
Alajandra Sinecio$177,529$166,429———
Matt C Weis——$166,841——
Gail Berrier—$164,971$131,230$141,879$129,080

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers individuals through education and job training for self-sufficiency and career advancement.

Provided by the organization

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2 program services account for $17.2M of program spending, described in the organization's own filed words · FY2023.
01

Client training provides vocational and on-the-job training provided to economically disadvantaged individuals including dislocated workers, low-income seniors, and veterans to prepare them for re-employment.

$9.5Mprogram expense
02

Employer services provide direct referrals of pre-screened and trained candidates including targeted hiring events and customized employment training services.

$7.7Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Cwi Works INCFY2024$811K
Total grants receivedfrom 5 funders$5.1M
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$19.3M
Ln 12
Gifts and grantsLn 1h$17.8M
Fees for servicesLn 2g$891K
Other incomeLn 4–11$528K
Money outPt IX
$19.0M
Ln 25
Programscol B$17.2M
Managementcol C$1.6M
Fundraisingcol D$184K
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$11.9M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
18
listed · VII A
PaidVII A7
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.8M
Government grantsLn 1e$17.4M
Fees for servicesLn 2g$891K
Investment incomeLn 3$97K
Other incomeLn 4–11$528K
Total revenueLn 12$19.3M
Assets in detailPt X, end of year
CashLn 1$953K
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$3.8M
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$4.0M
Total assetsLn 16$11.9M
LiabilitiesLn 26$6.2M
Net assetsLn 32$5.7M
OperationsPt I, VI
EmployeesI 51,471
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.8M$3.8M
Land, buildings, equipmentLn 10c$32K$16K
Total assetsLn 16$12.7M$11.9M
LiabilitiesLn 26$7.4M$6.2M
Net assetsLn 32$5.3M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$125K$125K
Pay of current officers, directors and key staffLn 5$921K$605K$316K
Other salaries and wagesLn 7$10.0M$9.5M$390K$98K
Pension plan contributionsLn 8$132K$131K$2K
Other employee benefitsLn 9$1.2M$1.1M$79K$11K
Payroll taxesLn 10$409K$379K$26K$4K
Accounting feesLn 11c$65K$43K$18K$4K
Other fees for servicesLn 11g$823K$543K$233K$48K
Office expensesLn 13$234K$178K$52K$5K
OccupancyLn 16$1.5M$1.1M$367K
TravelLn 17$85K$58K$27K$665
Conferences, conventions and meetingsLn 19$13K$8K$3K$2K
Depreciation, depletion and amortizationLn 22$17K$10K$7K
InsuranceLn 23$105K$69K$30K$6K
Other expenses (24a–d)Ln 24$3.3M$3.2M$35K$5K
Total functional expensesLn 25$19.0M$17.2M$1.6M$184K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.1M$19.5M$577K$6.3M 990 PDF
FY2024 Viewing $19.3M$19.0M$357K$5.7M 990 PDF
FY2023 $22.7M$22.4M$327K$5.3M 990 PDF
FY2022 $25.1M$24.7M$410K$5.0M 990 PDF
FY2021 $27.8M$26.0M$1.8M$4.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $19,324,145 across 9 lines filed
VIII-1a Federated campaigns$22,917
VIII-1e Government grants$17,412,406
VIII-1f All other contributions, gifts and grants$373,061
VIII-1h Total contributions, gifts and grants$17,808,384
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $891,301$891,301
VIII-3 Investment incomeExcluded from tax $96,637$96,637
VIII-6 Net rental income or lossExcluded from tax $495,130$495,130
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $32,693$32,693
VIII-12 Total revenueRelated to mission $891,301 · Unrelated business $0 · Excluded from tax $624,460$19,324,145
Part IX · Statement of functional expenses $18,966,865 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $124,605$124,605
IX-5 Pay of current officers, directors and key staffPrograms $605,320 · Management $315,609$920,929
IX-7 Other salaries and wagesPrograms $9,543,286 · Management $390,075 · Fundraising $97,647$10,031,008
IX-8 Pension plan contributionsPrograms $130,737 · Fundraising $1,500$132,237
IX-9 Other employee benefitsPrograms $1,147,791 · Management $78,797 · Fundraising $11,071$1,237,659
IX-10 Payroll taxesPrograms $379,367 · Management $26,044 · Fundraising $3,659$409,070
IX-11c Accounting feesPrograms $42,584 · Management $18,263 · Fundraising $3,742$64,589
IX-11g Other fees for servicesPrograms $542,926 · Management $232,845 · Fundraising $47,712$823,483
IX-13 Office expensesPrograms $177,779 · Management $51,808 · Fundraising $4,697$234,284
IX-16 OccupancyPrograms $1,149,888 · Management $367,094$1,516,982
IX-17 TravelPrograms $57,618 · Management $26,957 · Fundraising $665$85,240
IX-19 Conferences, conventions and meetingsPrograms $7,918 · Management $2,536 · Fundraising $2,500$12,954
IX-22 Depreciation, depletion and amortizationPrograms $9,902 · Management $6,655$16,557
IX-23 InsurancePrograms $69,298 · Management $29,720 · Fundraising $6,090$105,108
IX-24 Other expenses (24a–d)Programs $3,211,982 · Management $35,461 · Fundraising $4,717$3,252,160
IX-25 Total functional expensesPrograms $17,201,001 · Management $1,581,864 · Fundraising $184,000$18,966,865
Part X · Balance sheet $11,864,498 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,828,382$952,672
X-2 Savings and temporary cash investments$2,813,531
X-3 Pledges and grants receivableStart of year $200,000$125,000
X-4 Accounts receivableStart of year $3,531,798$3,787,000
X-9 Prepaid expenses and deferred chargesStart of year $181,909$123,055
X-10c Land, buildings and equipment, netStart of year $32,371$15,814
X-15 Other assetsStart of year $4,917,207$4,047,426
X-16 Total assetsStart of year $12,691,667$11,864,498
X-17 Accounts payable and accrued expensesStart of year $1,797,688$1,683,379
X-19 Deferred revenueStart of year $179,962$7,171
X-25 Other liabilitiesStart of year $5,396,388$4,499,039
X-26 Total liabilitiesStart of year $7,374,038$6,189,589
X-27 Net assets without donor restrictionsStart of year $4,435,787$4,906,057
X-28 Net assets with donor restrictionsStart of year $881,842$768,852
X-32 Total net assets or fund balancesStart of year $5,317,629$5,674,909
X-33 Total liabilities and net assetsStart of year $12,691,667$11,864,498
Part XI · Reconciliation of net assets $5,674,909 net assets at year end
XI-1 Total revenue$19,324,145
XI-2 Total expenses$18,966,865
XI-3 Revenue less expenses$357,280
XI-4 Net assets at start of year$5,317,629
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,674,909

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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