FREE SPIRIT MEDIA NFP

EIN: 364456215 501(c)(3) Youth Development

CHICAGO, IL

Total Revenue
$1,367,334
Total Expenses
$1,084,356
Total Assets
$1,107,709
Net Assets
$984,842
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
Aurora Toshiko King
Phone
3124440562
Tax Period
2024-07-01 to 2025-06-30

FREE SPIRIT MEDIA NFP, founded in 2001, is a community nonprofit in the Youth Development sector that reported $2.3M in total revenue in fiscal year 2018. Expenses of $2.1M left a modest 5% surplus.

Mission

Free Spirit Medias mission is to partner with young storytellers to transform media and society. Free Spirit Media partners with young storytellers, ages 11-25 and primarily from the west and south sides of Chicago, to develop and amplifytheir unique and critical voices through storytelling and media arts. We do this through our holistic creative youth development programming which focuses on community-building, skill-sharing and career and education pathways that support young people to envision and build their futures as artists and within the media industry and beyond.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,205,602
Program Service Revenue $0
Investment Income $160,066
Other Revenue $1,666
TOTAL REVENUE $1,367,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $606,897
Fundraising Expenses $95,700
Program Expenses $844,034
Other Expenses $477,459
TOTAL EXPENSES $1,084,356

Year-over-Year Comparison

2024 2023 Change
Revenue $1,367,334 $964,227 +0.4%
Expenses $1,084,356 $945,017 +0.1%
Net Income $282,978 $19,210 +13.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
68
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$115,125
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aurora Toshiko King Executive Dir. 40.00
Officer
$115,125 $0 $115,125
Katie Green Chair 1.00
Officer Director
$0 $0 $0
Keith Jamerson Vice Chair 1.00
Officer Director
$0 $0 $0
Meg Hayes Treasurer 1.00
Officer Director
$0 $0 $0
Eric Schnabel Secretary 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,367,334 $1,084,356 $1,107,709 $282,978
2024 $964,227 $945,017 $797,994 $19,210
2023 $949,950 $864,476 $849,083 $85,474
2022 $1,113,453 $1,302,293 $719,124 $-188,840
2021 $1,305,791 $1,975,770 $1,327,673 $-669,979
2020 $2,087,879 $2,073,507 $1,939,200 $14,372
2019 $2,253,517 $2,149,278 $1,664,708 $104,239
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