Overview
What is 51st Street Business Association?
The 51st Street Business Association is a dedicated nonprofit organization, located at 220 E 51st St, Chicago, IL. Their primary objective is to foster education, inspiration, empowerment, networking, and support for the community, existing businesses, and aspiring small entrepreneurs within the Grand Boulevard, Washington Park, and surrounding Chicagoland areas. Their mission involves educating and inspiring, empowering local individuals to establish and grow their businesses, while also providing a platform for networking and support.
Is 51st Street Business Association legitimate?
51st Street Business Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. 51st Street Business Association 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: $31,245
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 51st Street Business Association?
The 51st Street Business Association's mission is centered around educating, inspiring, and empowering the community, as well as supporting current businesses and aspiring entrepreneurs. Their primary focus is on the Grand Boulevard, Washington Park, and surrounding areas. They aim to network and provide resources to these individuals, fostering a sense of community and business growth.
Who is the CEO of 51st Street Business Association?
Sandra Bivens is the Executive Director of 51st Street Business Association.
What is the revenue of 51st Street Business Association?
51st Street Business Association's revenue in 2022 was $203,256.
Who are the executives of 51st Street Business Association and what are their salaries?
There 10 volunteers at 51st Street Business Association.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for 51st Street Business Association?
51st Street Business Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 51st Street Business Association
The 51st Street Business Association is dedicated to promoting education, inspiration, empowerment, networking, and support within the local community and among existing businesses and ambitious entrepreneurs in the Grand Boulevard, Washington Park, and surrounding areas. Their mission is to educate the community, inspiring individuals to pursue their business aspirations while providing them with the necessary resources and support. The association aims to foster a sense of unity and collaboration among current businesses and aspiring small business owners, ultimately contributing to the growth and prosperity of the community.
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Impact
October, 2024
The 51st Street Business Association plays a crucial role in fostering economic development and community vitality within the Grand Boulevard, Washington Park, and surrounding areas of Chicago. By focusing on education, inspiration, and empowerment, the association cultivates an environment that supports both established businesses and aspiring entrepreneurs.
Through its various initiatives, the association provides networking opportunities that connect local business owners, encouraging collaboration and resource sharing. This networking not only strengthens individual businesses but also enhances the overall business landscape in the community. The support offered extends beyond professional development; it fosters a sense of community pride and resilience.
By equipping aspiring small business owners with the necessary tools and knowledge, the association helps to stimulate economic growth and job creation, contributing to the local economy's sustainability. The emphasis on community improvement reflects a commitment to creating a thriving urban environment where businesses can flourish and residents can take pride in their neighborhoods.
Overall, the impact of the 51st Street Business Association is evident in the revitalization of local commerce, the encouragement of entrepreneurship, and the cultivation of a collaborative community spirit that benefits all residents.
This information is meant to be a general summary of 51st Street Business Association. 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 2022.
- Program Service Revenue: $122,225
- Gross Receipts: $203,256
Assets and Liabilities:
- Total Assets: $34,650
- Total Liabilities: $0
- Net Assets: $34,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Income
Revenue
$122,225
Organization Details
Founding Year
2010
Principal Officer
Sandra Bivens
Main Address
220 E 51st St, Chicago, IL, 606153406
NTEE Category
Code: S20 - Community improvement
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