Your Passion 1st

Tax-deductible

Oak Park, IL501(c)(3)Youth DevelopmentEIN 83-3924974Revenue $225K in FY2024

On file with the IRS120 Lake St Apt D, 60302-2685 · Oak Park, ILTax-exempt since Apr 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Inspire under resourced young adults to overcome adversity and empouer them to leverage their passion through mentoring, partner events, festivals, excursions, and innovative workshops.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $236 a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $24K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
−$6K
-168% of total assets
Looks good: liabilities are -168% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
-20% vs prior year
Spent
$241K
To programs
72%
Net assets
$9K
By yearFY2020–FY2024
Revenue
$225K
FY2024▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2022$109K
FY2023$281K
FY2024$225K
Expenses
$241K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2022Not on file
FY2023$264K
FY2024$241K
Net assets
$9K
FY2024▼ -59%
Tap a bar for its year
Net assets by fiscal year
FY2020−$30K
FY2022$630
FY2023$22K
FY2024$9K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2021.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $174K Management & general 28% · $67K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
VP & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Tresurer
$0Pt VII · Sec A
See Your Passion 1st executive salaries →

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowering young adults through mentoring and events to overcome challenges and pursue their passions.

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Provided by the organization

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3 programs · $174K · in their own filed words · FY2024
01

Ambassador Program focused on inspiring over 250 young adults to follow their passion into the workforce through festival appearances, skill-building projects, mental health workshops, one-on-one mentorships and employment opportunities.

$107Kprogram expense
02

Youth Empowerment Music Festival- Coached (1 on 1) 26 young adults through Ambassador program. 16 were able to start their journey of making their passion a career

$49Kprogram expense
03

Community Impact

Back to School, Wellness (over 600attendees),& food giveaway festivals, impacting many families

$18Kprogram expense

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
Total grants receivedfrom 2 funders$24K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Gifts and grantsLn 1h$222K
Other incomeLn 4–11$2K
Money outPt IX
$241K
Ln 25
Programscol B$174K
Managementcol C$67K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26−$6K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$222K
Government grantsLn 1e$141K
Other incomeLn 4–11$2K
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26−$6K
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
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$26K$3K
Total assetsLn 16$26K$3K
LiabilitiesLn 26$0−$6K
Net assetsLn 32$26K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$52K$39K$13K
Payroll taxesLn 10$6K$4K$1K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$17K$14K$3K
Office expensesLn 13$15K$7K$8K
OccupancyLn 16$28K$3K$25K
TravelLn 17$3K$3K$91
Other expenses (24a–d)Ln 24$110K$104K$6K
Total functional expensesLn 25$241K$174K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $225K$241K−$17K$9K 990 PDF
FY2023 $281K$264K$17K$22K 990 PDF
FY2022 $109K$630 990 PDF
FY2021 Not on file
FY2020 $51K−$30K 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 (6 parts)
Part I · Summary $224,627 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $268,275$222,336
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $12,630$2,291
I-12 Total revenuePrior year $280,905$224,627
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $66,606$57,791
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $197,083$183,581
I-18 Total expensesPrior year $263,689$241,372
I-19 Revenue less expensesPrior year $17,216−$16,745
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $224,627 across 5 lines filed
VIII-1e Government grants$140,721
VIII-1f All other contributions, gifts and grants$81,615
VIII-1h Total contributions, gifts and grants$222,336
VIII-8 Net income from fundraising eventsExcluded from tax $2,291$2,291
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,291$224,627
Part IX · Statement of functional expenses $241,372 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,901 · Management $12,967$51,868
IX-10 Payroll taxesPrograms $4,442 · Management $1,481$5,923
IX-11c Accounting feesManagement $10,502$10,502
IX-12 Advertising and promotionPrograms $13,528 · Management $3,114$16,642
IX-13 Office expensesPrograms $7,333 · Management $8,060$15,393
IX-16 OccupancyPrograms $3,000 · Management $25,339$28,339
IX-17 TravelPrograms $3,009 · Management $91$3,100
IX-24 Other expenses (24a–d)Programs $103,969 · Management $5,636$109,605
IX-25 Total functional expensesPrograms $174,182 · Management $67,190 · Fundraising $0$241,372
Part X · Balance sheet $3,308 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $25,597$3,308
X-16 Total assetsStart of year $25,597$3,308
X-26 Total liabilitiesStart of year $0−$5,544
X-27 Net assets without donor restrictionsStart of year $25,597$8,852
X-32 Total net assets or fund balancesStart of year $25,597$8,852
X-33 Total liabilities and net assetsStart of year $25,597$3,308
Part XI · Reconciliation of net assets $8,852 net assets at year end
XI-1 Total revenue$224,627
XI-2 Total expenses$241,372
XI-3 Revenue less expenses−$16,745
XI-4 Net assets at start of year$25,597
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,852

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

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