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The Lyte Collective

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471784239 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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

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.

Here 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.

Here are 7 key members and their salaries:

    Bonn Wade (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Will Bulka (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darrin Shillair (Secretary And Acting Treas) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Dunnavant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derrick Fisher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vladimir Ladouceur (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Posey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lytecollective.org

    Where can I find the form 990 for The Lyte Collective?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • 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
  • 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

    Principal Officer

    Bonn Wade

    Main Address

    2333 NORTH KILDARE AVENUE, CHICAGO, IL, 60639

    NTEE Category

    Code: P20 - Human services

    If you are a representative of The Lyte Collective and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.