Purpose Foundation for Youth

EIN: 861358250 501(c)(3) Youth Development

CHICAGO, IL

Total Revenue
$213,157
Total Expenses
$213,156
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IL
Phone
7732414770
Tax Period
2024-01-01 to 2024-12-31

Purpose Foundation for Youth, founded in 2020, is a small nonprofit in the Youth Development sector that reported $213K in total revenue in fiscal year 2024.

Mission

Programs Educational and Career for at-risk youth 14-26

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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 $213,157
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $213,157

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,323
Fundraising Expenses $0
Program Expenses $134,029
Other Expenses $155,833
TOTAL EXPENSES $213,156

Year-over-Year Comparison

2024 2023 Change
Revenue $213,157 N/A N/A
Expenses $213,156 N/A N/A
Net Income $1 $0 N/A
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
1

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
3
$10,500
Total Directors
3
$36,109
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ahmad Williams President 80.00
Officer Highest
$10,500 $0 $10,500
Sonja McCullogh Treasurer 30.00
Officer
$0 $0 $0
Jeannett Collins Secretary 30.00
Officer
$0 $0 $0
Linn Williams Director 40.00
Director
$12,395 $0 $12,395
James Stevenson Jr Director 40.00
Director
$11,018 $0 $11,018
Hakeem Ward Director 40.00
Director
$12,696 $0 $12,696
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
2024 $213,157 $213,156 No data $1
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