ASM QALICB INC
66 E RANDOLPH STREET 4TH FLOOR, CHICAGO, IL 60601 www.afterschoolmatters.org

Total Revenue
$118,750
Total Expenses
$323,449
Net Assets
$-556,106

Organizations Filed Purposes: ASM QALICB, INC. HOLDS TITLE TO THE LUTZ CENTER IN SUPPORT OF AFTER SCHOOL MATTERS' (ASM) MISSION OF PROVIDING CHICAGO PUBLIC HIGH SCHOOL TEENS OPPORTUNITIES TO EXPLORE AND DEVELOP THEIR TALENTS, WHILE GAINING CRITICAL SKILLS FOR WORK, COLLEGE AND BEYOND. THE LUTZ FAMILY CENTER IS A KEY COMPONENT OF ASM'S MISSION. ASM QALICB, INC. LEASES THE LUTZ CENTER TO ASM WHICH OPERATES THE PROPERTY.

ASM QALICB, INC. WAS FORMED IN CONNECTION WITH THE DEVELOPMENT, CONSTRUCTION, AND PLACING INTO SERVICE OF A YOUTH CENTER IN AN UNDERSERVED NEIGHBORHOOD IN CHICAGO, ILLINOIS. ASM QALICB, INC. IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS AND THEREBY QUALIFIED FOR FEDERAL NEW MARKETS TAX CREDITS THAT WERE USED TO HELP FINANCE THE RENOVATION OF THE LUTZ CENTER. ASM QALICB, INC. OWNS THE YOUTH CENTER AND HAS ENTERED INTO A LEASE AGREEMENT WITH AFTER SCHOOL MATTERS, INC., A 501(C)(3), TO OPERATE THE YOUTH CENTER.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Mischelle Causey-DrakeSECRETARY1$0
Robert WislowTREASURER1$0
Jennifer FarringtonVICE CHAIR1$0
James WelchCHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201903369349300935_public.xml