Overview
What is Asm Qalicb Inc?
Asm Qalicb Inc is a nonprofit organization situated in Chicago, Illinois, with an address at 66 E Randolph Street 4th Floor. Established to support the development and operation of a youth center in an underserved neighborhood, it is a qualified low-income community business and received federal tax credits for financing the renovation of the Lutz Center. The organization, Asm Qalicb Inc, owns the youth center and leases it to After School Matters Inc., a 501(c)(3) nonprofit. Asm Qalicb Inc's mission aligns with After School Matters' objective of offering Chicago public high school teens opportunities to explore and develop their talents, attaining critical skills for work, college, and beyond. The Lutz Center plays a vital role in achieving this mission.
Official website here: www.afterschoolmatters.org
Is Asm Qalicb Inc legitimate?
Asm Qalicb Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Asm Qalicb 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.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.afterschoolmatters.org
What is the mission statement of Asm Qalicb Inc?
Asm Qalicb Inc supports the mission of After School Matters by holding the title to the Lutz Center. This organization provides Chicago public high school teens with opportunities to explore and develop their talents, while also helping them acquire essential skills for work, college, and beyond. The Lutz Center plays a significant role in this mission, and Asm Qalicb Inc leases this property to After School Matters, which operates it. By doing so, Asm Qalicb Inc contributes to the broader goal of equipping young individuals with the tools necessary for personal growth and future success.
Official website here: www.afterschoolmatters.org
What is the revenue of Asm Qalicb Inc?
Asm Qalicb Inc's revenue in 2023 was $314,287.
Official website here: www.afterschoolmatters.org
Who are the executives of Asm Qalicb Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $148,621
- Other: $20,719
Official website here: www.afterschoolmatters.org
Where can I find the form 990 for Asm Qalicb Inc?
Asm Qalicb Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.afterschoolmatters.org
Learn more at the official website: www.afterschoolmatters.org
Mission Statement of Asm Qalicb Inc
Asm Qalicb Inc, a nonprofit organization, is dedicated to supporting After School Matters (ASM), an initiative that aims to provide Chicago public high school teens with opportunities to explore and develop their talents, while simultaneously building essential skills for work, college, and beyond. Asm Qalicb Inc holds the title to the Lutz Center, a crucial component of ASM's mission. This organization leases the Lutz Center to ASM, enabling them to operate the property and carry out their mission effectively.
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Impact
October, 2024
Asm Qalicb Inc significantly impacts the community by providing essential support to After School Matters (ASM), which offers invaluable opportunities for Chicago public high school teens. Through the management of the Lutz Center, Asm Qalicb Inc facilitates a space where young individuals can explore and cultivate their talents while acquiring critical skills that prepare them for work, college, and future challenges.
The Lutz Center serves as a vital resource in an underserved neighborhood in Chicago, directly contributing to youth development by making educational and extracurricular programs accessible. By entering into a lease agreement with ASM, Asm Qalicb Inc ensures that the facility is optimally utilized for community benefit, helping to meet the needs of teens who might otherwise lack such opportunities.
Furthermore, Asm Qalicb Inc's status as a qualified active low-income community business allows it to leverage federal New Markets Tax Credits, enhancing its capacity to finance renovations and improvements to the youth center. This financial backing not only supports the physical infrastructure of the Lutz Center but also strengthens the overall programming offered to the teens, promoting a holistic approach to youth empowerment and community enrichment.
This information is meant to be a general summary of Asm Qalicb Inc. 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 2023.
- Program Service Revenue: $314,287
- Gross Receipts: $314,287
Assets and Liabilities:
- Total Assets: $10,597,437
- Total Liabilities: $10,701,769
- Net Assets: -$104,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$314,287
Organization Details
Founding Year
2017
Principal Officer
James Welch
Website
www.afterschoolmatters.orgNTEE Category
Code: O02 - Youth development
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