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Home Of The Sparrow Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363494491 ✦ Woodstock, IL ✦ Designated as a 501(c)(3)

Overview

What is Home Of The Sparrow Inc?

Home of the Sparrow Inc, located in Woodstock, Illinois, is a nonprofit organization with a mission to offer hope, opportunity, and support, aiding women and children as they transition from homelessness to self-sufficiency. Their primary means of funding and resources comes from seven thrift store locations scattered across Cary, McHenry, Mudelein, Palatine, Woodstock, Third Lake, and Arlington Heights. The organization collects donations and sells these items in their stores, utilizing the income to sustain their programs and initiatives. The nonprofit's activities focus on providing essential support and services that help women and children overcome homelessness and build a stable, independent life.


Official website here: www.hosparrow.org

Is Home Of The Sparrow Inc legitimate?

Home Of The Sparrow Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Of The Sparrow Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $116,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,220,957

For more financial information, click here


Official website here: www.hosparrow.org

What is the mission statement of Home Of The Sparrow Inc?

Home of the Sparrow Inc's mission is centered around offering hope, opportunities, and support to empower women and children as they transition from homelessness towards self-sufficiency. The organization strives to accomplish this by providing necessary resources and assistance during this transformative journey. Their activities extend beyond mere provision of aid; they empower individuals, helping them regain control of their lives. One of their key initiatives is the Sparrows Nest program, which operates seven thrift stores across various locations. These stores primarily rely on donations for their inventory, which are then resold to generate revenue. The earnings from these sales support the organization's existing programs, thereby contributing to their overall mission.


Official website here: www.hosparrow.org

Who is the CEO of Home Of The Sparrow Inc?

Dean Karamagianis is the Executive Director of Home Of The Sparrow Inc.


Official website here: www.hosparrow.org

What is the revenue of Home Of The Sparrow Inc?

Home Of The Sparrow Inc's revenue in 2023 was $7,995,446.


Official website here: www.hosparrow.org

Who are the executives of Home Of The Sparrow Inc and what are their salaries?

The average compensation at Home Of The Sparrow Inc during 2023 was $21,393. There are 156 employees and 535 volunteers at Home Of The Sparrow Inc.

Here are 12 key members and their salaries:

    Matthew Kostecki (Executive Director)
  • Compensation: $117,962
  • Related: $0
  • Other: $12,743

    • Bill Koenig (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Silver (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dean Karamagianis (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Webb (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggy Devorse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Eiermann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Christensen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Johnathan Fox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Thorpe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelli Wegener (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Rosenbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hosparrow.org

    Where can I find the form 990 for Home Of The Sparrow Inc?

    The Home Of The Sparrow Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.hosparrow.org

    Learn more at the official website: www.hosparrow.org

    Mission Statement of Home Of The Sparrow Inc

    Home of the Sparrow Inc is dedicated to extending hope, opportunities, and support, empowering women and children as they transition from homelessness to self-sufficiency. The organization's mission is centered around providing a pathway for these individuals to regain control of their lives and overcome the challenges associated with homelessness. By offering hope, they inspire resilience and optimism, while opportunities and support are essential tools that enable these women and children to build a solid foundation for their future. Through various programs and services, Home of the Sparrow Inc strives to make a tangible difference in the lives of those it serves.

    One of Home of the Sparrow Inc's primary initiatives is the Sparrows Nest program, which operates seven thrift stores in different locations. These stores serve a dual purpose: providing a source of income through the sale of donated items, with the proceeds supporting the organization's existing programs. Furthermore, by offering affordable clothing and household items, the thrift stores help those in need during their journey towards self-sufficiency. The income generated from Sparrows Nest allows Home of the Sparrow Inc to make a meaningful impact on the lives of women and children, supporting them in their quest for a brighter future.

    Impact

    This information is meant to be a general summary of Home Of The Sparrow Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Home Of The Sparrow Inc provides hope, opportunity, and support that empowers women and children as they journey from homelessness to self-sufficiency. Through their Sparrows Nest program, which includes seven thrift store locations, they receive donations, resell items, and use the income to support existing programs within the organization. Their impact lies in offering a pathway for individuals to transition from homelessness to self-sufficiency, ultimately creating a positive change in their lives.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $78,479
  • Program Service Revenue: $180,113
  • Gross Receipts: $8,068,023

    • Assets and Liabilities:
  • Total Assets: $14,480,578
  • Total Liabilities: $4,678,633
  • Net Assets: $9,801,945
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Program Service Revenue

    Revenue

    $180,113

    Organization Details

    Founding Year

    1987

    Principal Officer

    Dean Karamagianis

    Main Address

    1991 Duncan Place, Woodstock, IL, 60098

    NTEE Category

    Code: L41Z - Housing

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