Better Business Bureau Report for
Chicago Youth Centers

Better Business Bureau Report issued December 2016
Better Business Bureau Report expires December 2018


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Chicago Youth Centers
Address: 218 S. Wabash Avenue, Suite 600
  Chicago, IL 60604
Phone: 312-913-1700
Web Address: www.chicagoyouthcenters.org
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Better Business Bureau Comments

Year, State Incorporated: 1957, Illinois
Affiliates: None
Stated Purpose: The mission of Chicago Youth Centers (CYC) is to empower children and teens to recognize and experience their possibility and promise.

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Evaluation Conclusions

              

Chicago Youth Centers meets the 20 Standards for Charity Accountability.
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Programs

              

For more than 2,000 children annually, Chicago Youth Centers (CYC) provides a pathway out of poverty and violence. Through our seven Centers located throughout Chicago and several partner sites, we surround children ages 3-18 with the tools and resources needed to succeed and persist in school, in their daily lives, and ultimately in the workforce: innovative and creative spaces to learn; engaged families and mentors; and programs designed to expand children’s abilities to reason, create, communicate, and collaborate. We empower youth to overcome significant gaps—academic, aspirational, employable, and socioeconomic—caused by lack of resources and exposure to violence.

For the fiscal year ended June 30, 2016, Chicago Youth Centers's program expenses were:

  
Salaries 3,950,332
Professional Fees & Contract Service Payments 1,338,385
Supplies 637,347
Employee Health & Benefits 464,684
Occupancy 460,810
Depreciation & Amortization 333,425
Payroll Taxes 281,514
Equiptment Purchases, Leases, and repairs and maintenance 151,674
Transportation 77,758
Telephone 55,452
Conferences, Conventions, and Meetings 44,549
Miscellaneous 31,097
Specific Assistance to Individuals 14,899
Postage & Shipping 13,148
Membership Dues 1,968
Printing 1,912
Subscriptions 426
Total Program Expenses: $7,859,380
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Governance

              

Chief Executive : Barbara J. Mosacchio, President/CEO
Compensation*: 
$200,430

Chair of the Board: Daniel Feeney
Chair's Profession / Business Affiliation: Attorney

Board Size: 40

Paid Staff Size: 125

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $2,639,916, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Chicago Youth Centers's audited financial statements for the fiscal year ended June 30, 2016.

Source of Funds  
Fees & grants from Government Agencies 6,015,590
Contributions 2,007,748
Special Events 632,168
Other 584,473
Program Service Fees 277,966
United Way of Metropolitan Chicago 82,000
Contractural Revenue 3,735
Total Income $9,603,680


chart



Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 3%  Administrative: 9% 

Total income $9,603,680
Program expenses $7,859,380
Fund raising expenses 304,603
Administrative expenses 769,095
Total expenses $8,933,078
Income in Excess of Expenses 670,602
Beginning net assets 8,867,885
Ending net assets 0
Total liabilities 1,387,386
Total assets $8,867,885


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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