Overview
What is Mysi Corporation?
Mysi Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 3011 W 111th Street 103. Their primary mission is to assist disadvantaged youths aged between 17 and 21 years old, providing them with a transitional living program. This program aims to address various aspects of their lives, including social skills, employability, self-reliance, and personal development. The program operates from five facilities in Chicago and its suburbs, accommodating up to 50 young individuals. The facilities offer amenities such as computers, and the youth are taught essential life skills, including budget management, social interaction, cooking, and group living. Mysi Corporation provides 24/7 supervision and structured programming tailored to individual needs, all with the objective of empowering these youths to become productive members of society and responsible citizens. In addition to this, Mysi Corporation offers clinical, case management, and rehabilitative services, operating under the guidance of the United Methodist Health and Welfare Ministries Northern Illinois Conference and holding a license from the state of Illinois.
Official website here: www.myschicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Mysi Corporation has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a high score of 94%, indicating effective management and transparency practices. Key strengths include a fully independent board with 100% of its members independent, alongside robust financial oversight and no reported material diversions of assets.
The charity demonstrates excellent financial health, with a program expense ratio of 83.79%, signifying that a significant majority of its expenditures are directed towards its mission. Additionally, the organization has established comprehensive governance policies, including conflict of interest and whistleblower protections, which further enhance its credibility and operational integrity.
However, the organization has a liabilities to assets ratio of 58.14%, which while satisfactory, may indicate some level of financial risk that potential donors might consider. Overall, Mysi Corporation exemplifies a well-managed nonprofit with a commitment to accountability, making it a trustworthy option for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Mysi Corporation legitimate?
Mysi Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mysi Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $194,763
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,891,038
For more financial information, click here
Official website here: www.myschicago.org
What is the mission statement of Mysi Corporation?
Mysi Corporation, established with the guidance of the United Methodist Health and Welfare Ministries Northern Illinois Conference, is committed to providing a comprehensive range of clinical, rehabilitative, educational, and recreational services. Their mission is to empower disadvantaged youth and other clients to reach their full potential, become productive members of society, and foster responsible citizenship. The organization operates under Illinois state licensure, striving to deliver the highest quality services to help its clients achieve their goals and live fulfilling lives.
Official website here: www.myschicago.org
Who is the CEO of Mysi Corporation?
Toleda Hart is the Chair of Mysi Corporation. The CEO's salary of Mysi Corporation is $198,607 and their total compensation is $198,607.
Official website here: www.myschicago.org
What is the revenue of Mysi Corporation?
Mysi Corporation's revenue in 2022 was $4,426,397.
Official website here: www.myschicago.org
Who are the executives of Mysi Corporation and what are their salaries?
The average compensation at Mysi Corporation during 2022 was $13,371. There are 156 employees and 8 volunteers at Mysi Corporation.
Here are 10 key members and their salaries (Mysi Corporation's CEO's salary is $198,607 and their total compensation is $198,607):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $198,607
- Related: $0
- Other: $0
Official website here: www.myschicago.org
Where can I find the form 990 for Mysi Corporation?
Mysi Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myschicago.org
Learn more at the official website: www.myschicago.org
Mission Statement of Mysi Corporation
Mysi Corporation, a nonprofit organization licensed by the state of Illinois, was established with a mission to provide comprehensive services to disadvantaged youths and other clients. The organization aims to empower its clients by offering a wide array of clinical, rehabilitative, educational, recreational, and case management services. Mysi Corporation's ultimate goal is to help its clients reach their full potential, become productive members of society, and uphold the principles of responsible citizenship. Guided by the United Methodist Health and Welfare Ministries Northern Illinois Conference, Mysi Corporation is committed to delivering the highest quality services, ensuring that each client has the opportunity to thrive and contribute positively to their community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mysi Corporation significantly impacts the lives of young men and women in Chicago through its comprehensive Transitional Living Program. Serving youths aged 17 to 21, the program addresses critical social, employability, and self-reliance needs. Operating across five facilities, including a congregate living group home and apartment-style settings, Mysi can accommodate up to fifty individuals, providing them with a supportive and structured living environment.
The transitional program offers a variety of essential services designed to equip youth with the skills necessary for independent living. Participants have access to computers and other amenities, fostering a sense of normalcy and comfort. Through life skills training, young people learn vital competencies such as cooking, budgeting, and effective social interaction—all crucial for fostering positive peer relationships and building a foundation for future success.
Mysi Corporation emphasizes round-the-clock supervision and tailored programming, ensuring that each individual receives the attention and resources needed to thrive. By empowering disadvantaged youths, Mysi plays a crucial role in helping them reach their full potential and become productive members of society. The organization's commitment to the highest quality of care and responsible citizenship is central to its mission, ultimately contributing to healthier communities in Chicago and beyond.
This information is meant to be a general summary of Mysi Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $39,634
- Gross Receipts: $4,426,397
Assets and Liabilities:
- Total Assets: $3,966,882
- Total Liabilities: $1,894,448
- Net Assets: $2,072,434
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1965
Phone
(773) 840-4600Principal Officer
Toleda Hart
Main Address
3011 W 111th Street 103, Chicago, IL, 60655
Website
www.myschicago.orgNTEE Category
Code: O55 - Youth development
If you are a representative of Mysi Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.