Better Business Bureau Report for
Chicago Youth Centers

Better Business Bureau Report issued October 2014
Better Business Bureau Report expires October 2016


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 invest in youth in underserved communities in Chicago to help them discover and realize their full potential.

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Evaluation Conclusions

              

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

              

CYC was founded in 1956 by Elliott Donnelly and Sidney Epstein. CYC has served the children and teens of Chicago for more than 57 years. It has grown to include eight neighborhood centers, seven 21st Century Community Learning Centers, and Camp Rosenthal, our residential summer camp in southwestern Michigan. CYC provides youth, ages 3–19, with the following programs: Early Childhood Education, School-Age Child Development, Teen Leadership Development, Camp Rosenthal, Comprehensive Community Based Youth Services, and Education Support Initiative. In Program Year 2013, CYC served more than 5,400 children, parents, and guardians.

For the fiscal year ended June 30, 2013, Chicago Youth Centers's program expenses were:

  
Early Childhood Education 4,968,944
Teen Leadership Development 2,070,277
School Age Child Development 1,693,360
Counseling 677,829
Camping Services 408,320
Mentoring 83,086
Total Program Expenses: $9,901,816
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Governance

              

Chief Executive : Barbara Mosacchio, CEO/President
Compensation*: 

Chair of the Board: Roger Shores
Chair's Profession / Business Affiliation: Sector President, The Marmon Group LLC

Board Size: 40

Paid Staff Size: 123

*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, planned giving arrangements
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $9,248,138, 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, 2013.

Source of Funds  
Fees and grants from governmental agencies 7,655,673
Contributions 1,003,724
Special event revenue 438,741
Program service fees 293,242
Realized gains on marketable securities 209,018
Unrealized gain (loss) on marketable securities 180,635
United Way of Metropolitan Chicago 150,000
Contractual Revenue 132,948
Investment income (loss) 59,406
Miscellaneous 24,818
Gain (loss) on sale of capital assets -10,094
Total Income $10,138,111


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Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 2%  Administrative: 7% 

Total income $10,138,111
Program expenses $9,901,816
Fund raising expenses 272,780
Administrative expenses 769,141
Total expenses $10,943,737
Expenses in Excess of Income (805,626)
Beginning net assets 4,686,873
Ending net assets 7,462,552
Total liabilities 1,404,326
Total assets $8,866,878


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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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