Overview
What is Chicagoland Entrepreneurial Center?
The Chicagoland Entrepreneurial Center, often referred to as the Center, is a nonprofit organization situated in Chicago, Illinois. Its primary objective is to foster a substantial and enduring economic growth in the Chicago region by aiding entrepreneurs and high-growth businesses in establishing robust, sustainable, and profitable enterprises. The flagship program of the Center, 1871, was initiated in April 2012 and offers a 150,000 square foot state-of-the-art facility to accommodate early-stage startups and entrepreneurs. This space is designed to be affordable and flexible, catering to digital businesses. Additionally, the Center provides a range of events, mentorship, classes, and programs relevant to the entrepreneurs' journey in building their digital businesses. The Center's services also extend to supporting the Chicago startup community as a whole. In essence, the Chicagoland Entrepreneurial Center plays a pivotal role in promoting and growing Chicago's entrepreneurial community.
Official website here: www.1871.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Chicagoland Entrepreneurial Center has received a two-star rating from Charity Navigator, indicating areas needing improvement within its operations. The organization has a solid program expense ratio of 80.67% and demonstrates effective fundraising efficiency with only $0.08 spent to raise each dollar. However, the organization struggles with a high liabilities to assets ratio of 127.26% and a negative working capital ratio of -0.58 years, which raises concerns about its financial stability.
User feedback from Great Nonprofits highlights positive experiences, with one reviewer praising the organization's mission to support tech startups in Chicago and emphasizing its strong team and partnerships. This suggests the center has a significant impact on the local entrepreneurial ecosystem and is well-regarded by those it serves.
While the organizational governance appears strong, with an independent board and comprehensive policies in place, the financial challenges noted in the data may hinder its long-term sustainability and effectiveness. Stakeholders should consider both the positive reviews and the financial metrics when assessing the overall health of the Chicagoland Entrepreneurial Center.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Chicagoland Entrepreneurial Center legitimate?
Chicagoland Entrepreneurial Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicagoland Entrepreneurial Center 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,190,030
For more financial information, click here
Official website here: www.1871.com
What is the mission statement of Chicagoland Entrepreneurial Center?
The Chicagoland Entrepreneurial Center aims to create a noticeable and enduring economic impact in the region by assisting entrepreneurs and high-growth businesses in establishing sustainable and profitable enterprises. This is accomplished through the flagship program, 1871, which was launched in April 2012. The 1871 program offers affordable and flexible workspace for startup companies and entrepreneurs, organizes relevant events, mentorship, classes, and programs, and provides various services and support for digital businesses and the local startup community. The objective is to help these entrepreneurs build successful digital businesses.
Official website here: www.1871.com
Who is the CEO of Chicagoland Entrepreneurial Center?
Elizabeth A Ziegler is the CEO of Chicagoland Entrepreneurial Center The CEO's salary of Chicagoland Entrepreneurial Center is $0 and their total compensation is $0.
Official website here: www.1871.com
What is the revenue of Chicagoland Entrepreneurial Center?
Chicagoland Entrepreneurial Center's revenue in 2024 was $5,177,332.
Official website here: www.1871.com
Who are the executives of Chicagoland Entrepreneurial Center and what are their salaries?
The average compensation at Chicagoland Entrepreneurial Center during 2024 was $110,681. There 100 volunteers at Chicagoland Entrepreneurial Center.
Here are 52 key members and their salaries (Chicagoland Entrepreneurial Center's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.1871.com
Where can I find the form 990 for Chicagoland Entrepreneurial Center?
Chicagoland Entrepreneurial Center's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.1871.com
Learn more at the official website: www.1871.com
Mission Statement of Chicagoland Entrepreneurial Center
The Chicagoland Entrepreneurial Center, often abbreviated as the Center, is committed to fostering and expanding Chicago's entrepreneurial community. Its mission is to generate a significant and lasting economic impact on the Chicago region by aiding entrepreneurs and high-growth businesses in establishing sustainable and profitable enterprises. The Center achieves this goal primarily through its flagship program, 1871, which was initiated in April 2012.
Located in a 150,000 square foot modern facility, 1871 serves as a hub for early-stage startups and entrepreneurs, offering them affordable and flexible workspace. The program also provides a range of events, mentorship, classes, and programs tailored to assist entrepreneurs in building digital businesses. Furthermore, 1871 offers additional services and support to digital businesses and the Chicago startup community. In essence, the Chicagoland Entrepreneurial Center's mission is to empower entrepreneurs and high-growth businesses by equipping them with the necessary resources and guidance to establish and grow successful ventures, thereby contributing positively to the local economy.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Chicagoland Entrepreneurial Center plays a pivotal role in fostering the city's entrepreneurial ecosystem, significantly impacting the local economy. By facilitating the growth of startups and high-growth businesses through its flagship initiative, 1871, the Center delivers essential resources and support tailored to the needs of entrepreneurs.
Located in a state-of-the-art 150,000 square foot facility, the Center provides affordable, flexible workspace that serves as a hub for early-stage digital businesses. This physical space promotes collaboration and innovation among members, creating an environment conducive to entrepreneurial success.
In addition to offering workspaces, the Center hosts a range of events, mentorship opportunities, and educational programs designed to equip entrepreneurs with the skills and knowledge necessary to navigate the challenges of building sustainable and profitable businesses. By connecting entrepreneurs with industry experts and resources, the Center enhances their potential for growth and scalability.
Through these initiatives, the Chicagoland Entrepreneurial Center contributes to a resilient and dynamic economy in the Chicago region, driving job creation and fostering community improvement. Its commitment to supporting digital businesses not only strengthens the local startup landscape but also positions Chicago as a leading destination for innovation and entrepreneurship.
This information is meant to be a general summary of Chicagoland Entrepreneurial Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $7,987
- Program Service Revenue: $2,119,735
- Gross Receipts: $5,329,541
Assets and Liabilities:
- Total Assets: $6,314,355
- Total Liabilities: $8,705,123
- Net Assets: -$2,390,768
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS INCOME
Revenue
$161,189
FACILITY RENT
Revenue
$1,045,858
GROWTH MEMBERSHIP
Revenue
$264,398
MEMBER RENT
Revenue
$569,859
OTHER INCOME
Revenue
$78,431
Organization Details
Founding Year
2006
Principal Officer
Elizabeth A Ziegler
Website
www.1871.comNTEE Category
Code: S41 - Community improvement
If you are a representative of Chicagoland Entrepreneurial Center 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.