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Your Passion 1st FY2023 filing

Tax-deductible

Oak Park, IL501(c)(3)Youth DevelopmentEIN 83-3924974Revenue $281K in FY2023

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.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
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
$4K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$281K
+158% vs prior year
Spent
$264K
To programs
69%
Net assets
$22K
By yearFY2020–FY2024
Revenue
$281K
FY2023▲ +158%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2022$109K
FY2023$281K
FY2024$225K
Expenses
$264K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2022Not on file
FY2023$264K
FY2024$241K
Net assets
$22K
FY2023▲ ×35
Tap a bar for its year
Net assets by fiscal year
FY2020−$30K
FY2022$630
FY2023$22K
FY2024$9K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

69 cents of each dollar spent went to programs.

Program services 69% · $182K Management & general 31% · $81K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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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 · $182K · in their own filed words · FY2023
01

Ambassador Program focused on inspiring over 500 young adults to follow their passion into the workforce through mentoring, coaching, & community involvement.

$147Kprogram expense
02

Youth Empowerment Music Festival- Coached (1 on 1) 39 young adults through entrepreneurship program. 26 were able to start their journey of making their passion a career

$31Kprogram expense
03

Community Impact

Back to School, Wellness (over 600attendees),& food giveaway festivals, impacting over 960 families

$4Kprogram 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
American Online Giving Foundation INCFY2024$20K
Walter S Mander FoundationFY2024$4K
Total grants receivedfrom 2 funders$24K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$281K
Ln 12
Gifts and grantsLn 1h$268K
Other incomeLn 4–11$13K
Money outPt IX
$264K
Ln 25
Programscol B$182K
Managementcol C$81K
Owns and owesPt X
$22K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$4K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$268K
Government grantsLn 1e$206K
Other incomeLn 4–11$13K
Total revenueLn 12$281K
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$4K
Net assetsLn 32$22K
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 FY23End FY23
Cash and savingsLn 1–2$5K$26K
Total assetsLn 16$5K$26K
LiabilitiesLn 26$0$4K
Net assetsLn 32$5K$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$48K$19K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$50K$47K$4K
Advertising and promotionLn 12$41K$25K$16K
Office expensesLn 13$20K$502$20K
OccupancyLn 16$42K$31K$11K
InsuranceLn 23$3K$500$3K
Other expenses (24a–d)Ln 24$35K$30K$5K
Total functional expensesLn 25$264K$182K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $225K$241K−$17K$9K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $280,905 revenue, 12 lines filed
I-8 Contributions and grants$268,275
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$12,630
I-12 Total revenue$280,905
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$66,606
I-16a Professional fundraising fees$0
I-17 Other expenses$197,083
I-18 Total expenses$263,689
I-19 Revenue less expenses$17,216
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $280,905 across 5 lines filed
VIII-1e Government grants$205,897
VIII-1f All other contributions, gifts and grants$62,378
VIII-1h Total contributions, gifts and grants$268,275
VIII-8 Net income from fundraising eventsExcluded from tax $12,630$12,630
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $12,630$280,905
Part IX · Statement of functional expenses $263,689 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $47,978 · Management $18,628$66,606
IX-11c Accounting feesManagement $5,101$5,101
IX-11g Other fees for servicesPrograms $46,615 · Management $3,841$50,456
IX-12 Advertising and promotionPrograms $25,470 · Management $15,515$40,985
IX-13 Office expensesPrograms $502 · Management $19,515$20,017
IX-16 OccupancyPrograms $31,383 · Management $10,835$42,218
IX-23 InsurancePrograms $500 · Management $2,660$3,160
IX-24 Other expenses (24a–d)Programs $29,820 · Management $5,326$35,146
IX-25 Total functional expensesPrograms $182,268 · Management $81,421 · Fundraising $0$263,689
Part X · Balance sheet $25,597 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $4,537$25,597
X-16 Total assetsStart of year $4,537$25,597
X-26 Total liabilitiesStart of year $0$3,844
X-27 Net assets without donor restrictionsStart of year $4,537$21,753
X-32 Total net assets or fund balancesStart of year $4,537$21,753
X-33 Total liabilities and net assetsStart of year $4,537$25,597
Part XI · Reconciliation of net assets $21,753 net assets at year end
XI-1 Total revenue$280,905
XI-2 Total expenses$263,689
XI-3 Revenue less expenses$17,216
XI-4 Net assets at start of year$4,537
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,753

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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