Nonprofit · EIN 45-3075858
THE OUTLET
Tax-exempt (reinstated) · SPRINGFIELD, IL 62708
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $969,187 | $941,078 | $28,109 | $808,813 | $9,197 | $799,616 |
| December 31, 2023 | 990 (amended) | $1,036,693 | $989,518 | $47,175 | $960,378 | $19,832 | $940,546 |
| December 31, 2022 | 990 (amended) | $1,124,518 | $670,409 | $454,109 | $910,315 | $16,945 | $893,370 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $688,205
- of which government grants
- $284,225
- Program service revenue
- $233,145
- Investment income
- $47,487
- Net rental income
- $350
- Net gain from sales of assets
- $44,954
- Other revenue
- $350
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $465,053
- Salaries, compensation and benefits (total)
- $506,995
- Professional fundraising fees
- $0
- Occupancy
- $107,275
- Depreciation
- $33,156
- Program services (functional)
- $676,392
- Management and general (functional)
- $263,396
- Fundraising (functional)
- $1,290
Balance sheet and other
- Total assets, start of year
- $815,067
- Total assets, end of year
- $808,813
- Total liabilities, end of year
- $9,197
- Net assets, end of year
- $799,616
- Land, buildings and equipment
- $481,556
- Net assets without donor restrictions
- $799,616
- Gross receipts
- $969,187
- Employees
- 23
- Year formed
- 2011
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL PHELON | President Trustee or director, Officer | 40 | $75,000 |
| JESSICA HANDY | Trustee Trustee or director | 0 | $0 |
| ASHLEY JENKINS | Trustee Trustee or director | 0 | $0 |
| KEVIE LUSBY | Vice Chair Trustee or director | 0 | $0 |
| JOSE JIMENEZ | Trustee Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL PHELON | President Trustee or director, Officer | 40 | $81,000 |
| JUSTIN BLANFORD | Trustee Trustee or director | – | $0 |
| JESSICA HANDY | Trustee Trustee or director | – | $0 |
| ASHLEY JENKINS | Trustee Trustee or director | – | $0 |
| KEVIE LUSBY | Trustee Trustee or director | – | $0 |
| MICHAEL MAY | Treasurer Trustee or director, Officer | – | $0 |
| JOSE JIMENEZ | Trustee Trustee or director | – | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL PHELON | President Trustee or director, Officer | 40 | $81,000 |
| JUSTIN BLANFORD | Trustee Trustee or director | – | $0 |
| JESSICA HANDY | Trustee Trustee or director | – | $0 |
| ASHLEY JENKINS | Trustee Trustee or director | – | $0 |
| KEVIE LUSBY | Trustee Trustee or director | – | $0 |
| MICHAEL MAY | Treasurer Trustee or director, Officer | – | $0 |
| JOSE JIMENEZ | Trustee Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2864, SPRINGFIELD, IL 62708-2864
- In care of
- % MICHAEL PHELON
- Mailing address (990-N for 2013)
- 3812 Carney, Springfield IL 62712
- Principal officer (990 for 2024)
- Michael Phelon, P O Box 2864, Springfield, IL 62708
- Principal officer (990-N for 2013)
- Michael Phelon, 3812 Carney Blvd, Springfield IL 62712
- Signed the 990
- MICHAEL PHELON, Executive Director
- Phone
- (312) 330-1240
- Website
- wwww.theoutletillinois.org
- Return prepared by
- LIFESTYLE TAX & ACCOUNTING LLC
Mission
The mission of The Outlet is to help young fatherless youth develop the ability to make responsible life decisions, hold spiritual values, explore their gifts, and realize their dreams.
Program accomplishments
- Fatherless boys and young men ages 8-22 are paired with positive male role models. Mentor and mentee pairs develop strong, lifelong relationships through discussing topics related to life and the journey to manhood, participating in group workshops, and taking educational trips together. Participants of this program have graduated high school, gone on to college or trade school, become entrepreneurs, and even returned to The Outlet to become a mentor.Expenses $676,392
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3075858
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $808,813
- Income (IRS master file)
- $969,187
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- July 31, 2014
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $969,187 | $941,078 | $808,813 | XML |
| 990 | December 2023 | $1,036,693 | $989,518 | $960,378 | XML |
| 990 | December 2022 | $1,124,518 | $670,409 | $910,315 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Michael Phelon | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3075858).
Questions about THE OUTLET
- What is the EIN of THE OUTLET?
- The employer identification number (EIN) of THE OUTLET is 45-3075858.
- Is THE OUTLET tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to THE OUTLET tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE OUTLET file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE OUTLET due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE OUTLET last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE OUTLET?
- The 990 for the year ended December 31, 2024 names Michael Phelon.
- Who are the officers and directors of THE OUTLET?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $75,000 (MICHAEL PHELON, President).
- How much revenue does THE OUTLET have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $969,187, expenses of $941,078 and total assets of $808,813 at year end.
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