Totals
- Total revenue
- $924,948
- Total expenses
- $649,523
- Contributions and grants received
- $879,147
- Grants paid
- $0
- Program service revenue
- $45,601
- Investment income
- $0
- Other revenue
- $200
- Total assets, end of year
- $823,401
- Total liabilities, end of year
- $43,063
- Net assets or fund balances, end of year
- $780,338
- Program services expenses (Part IX)
- $281,700
- Management and general expenses
- $291,940
- Fundraising expenses
- $75,883
- Program service expenses (Part III)
- $281,700
Program services were 43.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$879,147
-
2a · Program service revenue: PROGRAM INCOME
total $45,601 · related or exempt $45,601
-
11a · Other revenue: MISCELLANEOUS
total $200 · related or exempt $200
-
11e · Other revenue, total
$200
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $256,535 · program services $156,800 · management and general $99,735
-
9 · Other employee benefits
total $17,295 · program services $13,667 · management and general $3,628
-
10 · Payroll taxes
total $19,972 · program services $11,418 · management and general $8,554
-
11b · Fees: legal
total $7,250 · management and general $7,250
-
11c · Fees: accounting
total $5,293 · management and general $5,293
-
11g · Fees: other
total $5,222 · management and general $5,222
-
12 · Advertising and promotion
total $12,609 · management and general $12,609
-
16 · Occupancy
total $37,219 · management and general $37,219
-
17 · Travel
total $2,912 · management and general $2,912
-
19 · Conferences, conventions and meetings
total $19,638 · management and general $19,638
-
22 · Depreciation, depletion and amortization
total $2,931 · program services $2,931
-
23 · Insurance
total $2,647 · management and general $2,647
-
24a · Other expenses: OUTSIDE CONSULTANTS AND
total $144,675 · program services $72,904 · management and general $71,771
-
24b · Other expenses: FUNDRAISING EXPENSES
total $75,883 · fundraising $75,883
-
24c · Other expenses: PROGRAM EXPENSE
total $23,444 · program services $23,444
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $4,370 · management and general $4,370
-
24e · All other expenses
total $11,628 · program services $536 · management and general $11,092
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $525,883 · end of year $733,913
-
3 · Pledges and grants receivable
end of year $75,000
-
9 · Prepaid expenses and deferred charges
beginning of year $2,274 · end of year $4,838
-
10a · Land, buildings and equipment: cost or other basis
$21,305
-
10b · Land, buildings and equipment: accumulated depreciation
$13,305
-
10c · Land, buildings and equipment, net
beginning of year $7,641 · end of year $8,000
-
15 · Other assets
beginning of year $0 · end of year $1,650
-
17 · Accounts payable and accrued expenses
beginning of year $1,004 · end of year $13,235
-
24 · Unsecured notes and loans payable
beginning of year $20,700 · end of year $20,700
-
25 · Other liabilities
beginning of year $9,181 · end of year $9,128
-
27 · Net assets without donor restrictions
beginning of year $504,913 · end of year $743,880
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $36,458
Mission and programs · 2022
Mission
THE MISSION OF THE GRAY MATTER EXPERIENCE IS TO UNLOCK THE SELF-DETERMINING POWER OF BLACK YOUTH AND STRENGHEN THEIR TIES TO COMMUNITY THROUGH REAL-WORLD EXPERIENCE IN ENTREPRENEURSHIP.
Activities or mission (Part I)
THE GRAY MATTER EXPERIENCE PROVIDES AN ENVIRONMENT AND COMMUNITY WHERE BLACK STUDENTS CAN EXPLORE BUSINESS AND CREATIVE AREAS WITHIN AN INNOVATIVE SPACE - FOSTERING THE DEVELOPMENT OF ENTREPRENEURIAL SKILLS, MINDSETS, SELF-AGENCY, AND TRANSFERABILITY OF THEIR SKILLS AND MINDSETS TO SCHOOL, CAREER, AND LIFE.
-
THE GRAY MATTER EXPERIENCE PROVIDES COACHING, CAPITAL CURRICULUM, CONNECTIONS, AND COMMUNITY TO LEVEL THE PLAYING FIELD FOR TEENS TO ENTER THE ENTREPRENEURIAL SPACE. SINCE 2016, THE GRAY MATTER EXPERIENCE HAS DIRECTLY SUPPORTED 65 TEEN SOCIAL ENTREPRENEURS ACROSS CHICAGO'S SOUTH AND WEST SIDES, INVESTED OVER $95,000 IN SEED FUNDING AND PRO BONO SERVICES INTO 9 TEEN-FOUNDED COMPANIES, AND WORKED WITH OVER 700 STUDENTS ACCROSS THE CITY TO EXPOSE THEM TO ENTREPRENEURSHIP PRACTICES.
Expenses $281,700 · Revenue $45,801
As filed on the 2022 return.
Listed in Part VII
-
Seth GreenSETH GREEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Chika UmeadiCHIKA UMEADI
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Layla LumpkinLAYLA LUMPKIN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Pamela RandlePAMELA RANDLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Britney RobbinsBRITNEY ROBBINS
FOUNDER AND CEO
- Total calculated
- $90,692
- From this org
- $90,692
- From related orgs
- $0
- Other
- $0
- Hours/week
- 65
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312759349301216
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