Overview
What is Business Leadership Council?
The Business Leadership Council is a nonprofit organization situated in Chicago, Illinois. Its primary mission is to advocate for increased business partnerships between major corporations and African-American-owned enterprises. They strive to facilitate the growth and progress of these businesses by advocating for equitable financial and political capital allocation, proportionate to the African-American population. With a small team of two dedicated individuals, the council works tirelessly to promote this cause and foster a more inclusive business environment.
Official website here: www.blcchicago.com
Is Business Leadership Council legitimate?
Business Leadership Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Business Leadership Council 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: $80,208
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,333
For more financial information, click here
Official website here: www.blcchicago.com
What is the mission statement of Business Leadership Council?
The Business Leadership Council's mission is centered around advocating for Chicagoland corporations to engage in business transactions with African-American owned enterprises. This initiative aims to promote the financial and political capital accumulation of the African-American community, proportionate to its population. This, in turn, supports the growth and advancement of African-American owned and controlled businesses of significant scale.
Official website here: www.blcchicago.com
Who is the CEO of Business Leadership Council?
Montel L Gayles is the Executive Director of Business Leadership Council.
Official website here: www.blcchicago.com
What is the revenue of Business Leadership Council?
Business Leadership Council's revenue in 2022 was $432,760.
Official website here: www.blcchicago.com
Who are the executives of Business Leadership Council and what are their salaries?
The average compensation at Business Leadership Council during 2022 was $94,270. There are 2 employees at Business Leadership Council.
Here are 12 key members and their salaries:
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Official website here: www.blcchicago.com
Where can I find the form 990 for Business Leadership Council?
Business Leadership Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blcchicago.com
Learn more at the official website: www.blcchicago.com
Mission Statement of Business Leadership Council
The Business Leadership Council, a nonprofit organization, strives to advocate for Chicago-based corporations to engage in business transactions with African-American owned enterprises. Their mission is deeply rooted in the pursuit of promoting financial and political capital accumulation among the African-American community, proportionate to its population. This strategic approach is designed to foster the growth and advancement of African-American owned and/or controlled businesses of substantial scale. By advocating for these strategic partnerships, the Business Leadership Council aims to contribute to the economic empowerment and growth of the African-American business community.
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Impact
October, 2024
The Business Leadership Council significantly advances the economic landscape in Chicago by advocating for increased engagement between local corporations and African-American owned businesses. Its initiatives focus on fostering financial and political capital accumulation within the African-American community, ensuring that it aligns with the population's proportions. By facilitating this engagement, the Council helps to create equitable opportunities for African-American entrepreneurs, allowing for the growth and scalability of these businesses.
Through targeted advocacy, the Council works to influence corporate practices, encouraging companies to consciously prioritize partnerships with African-American businesses. This not only contributes to the community's economic development but also promotes diversity and inclusion within the broader business ecosystem in Chicagoland. The Council's efforts lead to improved access to resources, networking opportunities, and support systems, empowering African-American entrepreneurs to thrive and contribute to the local economy. Overall, the Business Leadership Council plays a crucial role in driving community improvement and fostering a more equitable business environment.
This information is meant to be a general summary of Business Leadership Council. 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.
- Investment Income: $10
- Gross Receipts: $432,760
Assets and Liabilities:
- Total Assets: $208,822
- Total Liabilities: $907
- Net Assets: $207,915
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Organization Details
Founding Year
2011
Principal Officer
Montel L Gayles
Main Address
150 N MICHIGAN AVE STE 2400, Chicago, IL, 60601
Website
www.blcchicago.comNTEE Category
Code: S40 - Community improvement
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