Overview
What is The Lyte Collective?
The Lyte Collective is a nonprofit organization situated in Chicago, Illinois, dedicated to aiding young adults experiencing poverty and homelessness. Their holistic approach involves providing essential services, such as connecting individuals to housing, offering food, clothing, supplies, and transportation. They also offer emergency funds, enrollment support, advocacy within schools and colleges, employment assistance, and access to public benefits. Additionally, The Lyte Collective provides mental and physical health resources, childcare, legal services, and ongoing mentorship. Their ultimate mission is to support every young adult who seeks their help, aim to dismantle harmful systems, and work towards building a more just and equitable world for youth. With a team of eight dedicated individuals, The Lyte Collective invests in the potential of young people, ensuring they have the safety, opportunities, and justice they deserve.
Official website here: www.lytecollective.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating.
The Lyte Collective has achieved an impressive 100% score on Charity Navigator, which indicates a high level of accountability and financial health. This score is heavily weighted towards its accountability measures, showcasing the organization’s commitment to transparency and responsible management of resources.
Strengths of The Lyte Collective include a fully independent board, comprehensive financial oversight, and strong compliance with governance policies. Notably, the organization has a program expense ratio of 90.08%, meaning that the vast majority of its expenditures directly support its programs, further signifying effective use of funds.
The data does not indicate any significant limitations for The Lyte Collective, as it has scored full marks in all evaluated categories including conflict of interest policies and financial audits. Overall, this nonprofit appears to be well-managed and dedicated to its mission, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Lyte Collective?
78% of those who reviewed The Lyte Collective on Facebook would recommend this nonprofit. Here is a summary of their reviews:
The feedback indicates that users appreciate the dedication and effort the organization puts into its mission. One reviewer specifically highlighted the group's commitment to making a positive impact, reflecting a strong sense of community and purpose among its members.
This sentiment points to a generally favorable view of the nonprofit, with supporters recognizing the valuable work being done. Overall, many feel that The Lyte Collective is genuinely dedicated to creating meaningful change.
This AI summary has been generated from reviews found on Facebook.
Is The Lyte Collective legitimate?
The Lyte Collective is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lyte Collective 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $301,586
For more financial information, click here
Official website here: www.lytecollective.org
What is the mission statement of The Lyte Collective?
The Lyte Collective's mission is centered around supporting young adults impacted by poverty and homelessness. The organization aims to provide assistance to every young adult who reaches out to them, for as long as they require, with the ultimate goal of ending systems that lead to such necessities. Additionally, The Lyte Collective strives to build a more just and equitable world, working alongside others who share a commitment to improving the lives of young people. In practice, The Lyte Collective offers Chicago youth in need of assistance with safe spaces, essential resources, and holistic support. They recognize and invest in the extraordinary talents and potential of young people, ensuring they have access to safety, opportunities, and justice. In 2022, The Lyte Collective served 287 underserved youth through various services, including housing assistance, food, clothing, transportation, emergency funds, high school and college enrollment support, employment assistance, public benefits, healthcare resources, childcare, legal services, and ongoing mentorship.
Official website here: www.lytecollective.org
Who is the CEO of The Lyte Collective?
Bonn Wade is the Chairperson of The Lyte Collective.
Official website here: www.lytecollective.org
What is the revenue of The Lyte Collective?
The Lyte Collective's revenue in 2022 was $1,042,167.
Official website here: www.lytecollective.org
Who are the executives of The Lyte Collective and what are their salaries?
The average compensation at The Lyte Collective during 2022 was $37,698. There are 8 employees and 15 volunteers at The Lyte Collective.
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Official website here: www.lytecollective.org
Where can I find the form 990 for The Lyte Collective?
The Lyte Collective's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lytecollective.org
Learn more at the official website: www.lytecollective.org
Mission Statement of The Lyte Collective
The Lyte Collective, a nonprofit organization, is committed to supporting young adults who have been impacted by poverty and homelessness. Their mission is multifaceted, aimed at both helping those in need and addressing the systemic issues that contribute to their predicament. They provide a safe space and essential resources to Chicago's youth experiencing poverty and homelessness, recognizing and investing in their inherent gifts and potential.
The Lyte Collective's mission is twofold. On one hand, they offer direct support to young adults, providing them with whatever they require, for as long as they need it. This holistic approach includes assistance with securing housing, meeting basic needs such as food and clothing, transportation, emergency funding, enrollment support in high schools and colleges, employment opportunities, and access to public benefits.
On the other hand, The Lyte Collective is also focused on addressing the root causes of poverty and homelessness among young people. They strive to dismantle harmful systems and work towards building a more just and equitable world. Their mission is a collective one, involving all who share a desire to improve the lives of young people and create a better future for them. In 2022, they served 287 unduplicated youth, demonstrating their commitment to their mission.
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Impact
July, 2024
The Lyte Collective's impact is profound in serving young adults impacted by poverty and homelessness. Their mission is to support every young adult who contacts them with whatever they need for as long as they want support. The organization aims to end harmful systems that lead young people to require their help and work towards building a more just and equitable world. In 2022 alone, The Lyte Collective served 287 youth experiencing poverty and homelessness through a range of holistic support services. They provided essential resources like housing, food, clothing, transportation, emergency funds, and advocacy within education systems. Additionally, they supported youth in gaining employment, accessing public benefits, healthcare services, legal aid, and more. The organization's ongoing mentorship and group activities further contribute to empowering these individuals and creating a positive impact in their lives.
This information is meant to be a general summary of The Lyte Collective. 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.
- Program Service Revenue: $7,725
- Gross Receipts: $1,042,167
Assets and Liabilities:
- Total Assets: $2,734,544
- Total Liabilities: $397,308
- Net Assets: $2,337,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$7,725
Organization Details
Founding Year
2014
Phone
(773) 875-6800Principal Officer
Bonn Wade
Main Address
2333 NORTH KILDARE AVENUE, CHICAGO, IL, 60639
Website
www.lytecollective.orgNTEE Category
Code: P20 - Human services
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