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Chatham Business Assoc Small Business Development

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364083825 ✦ Chicago, IL ✦ Designated as a 501(c)(6)

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Overview

What is Chatham Business Assoc Small Business Development?

Chatham Business Assoc Small Business Development is a nonprofit organization located at 800 EAST 78TH STREET, CHICAGO, IL, 60619. Its primary mission is to enhance the welfare of disadvantaged businesses and individuals by offering and promoting educational and charitable services. Specifically, the organization provides community services to a designated area, focusing on beautification and maintenance tasks. With a team of 30 dedicated employees, Chatham Business Assoc Small Business Development aims to contribute positively to its community.

Is Chatham Business Assoc Small Business Development legitimate?

Chatham Business Assoc Small Business Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Chatham Business Assoc Small Business Development 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: $923,015

For more financial information, click here

What is the mission statement of Chatham Business Assoc Small Business Development?

The Chatham Business Assoc Small Business Development is dedicated to serving a specific community by providing and promoting educational and charitable services. Their primary objective is to support disadvantaged businesses and individuals, aiming to enhance their general welfare. One of their key activities includes ensuring the beautification and maintenance of the community. This organization operates with the intention of contributing positively to the local business landscape and the lives of its inhabitants.

Who is the CEO of Chatham Business Assoc Small Business Development?

Monica Linares is the Treasurer of Chatham Business Assoc Small Business Development.

What is the revenue of Chatham Business Assoc Small Business Development?

Chatham Business Assoc Small Business Development's revenue in 2022 was $1,850,681.

Who are the executives of Chatham Business Assoc Small Business Development and what are their salaries?

The average compensation at Chatham Business Assoc Small Business Development during 2022 was $30,767. There are 30 employees at Chatham Business Assoc Small Business Development.


Here are 9 key members and their salaries:


Elayne Granger (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ananais Granger (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Griffin (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cory Foster (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashante Boone (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Riley (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gwen Shaw (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Linares (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melinda Kelly (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chatham Business Assoc Small Business Development?

Chatham Business Assoc Small Business Development's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Chatham Business Assoc Small Business Development

Chatham Business Assoc Small Business Development is an organization dedicated to providing and promoting educational and charitable services for the benefit of disadvantaged businesses and individuals within a specific community. Their mission is centered around enhancing the general welfare of this area, with a focus on beautification and maintenance projects. The organization aims to operate exclusively for this purpose, working tirelessly to uplift local businesses and individuals who may be facing challenges, thereby contributing to the betterment of their community.

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Impact




October, 2024

Chatham Business Assoc Small Business Development plays a pivotal role in enhancing the economic landscape of its community. By focusing on the promotion and support of disadvantaged businesses and individuals, the organization actively contributes to local economic growth. Its initiatives in community services, including beautification and maintenance, not only improve the aesthetic appeal of the area but also foster a sense of pride and ownership among residents.

This organization’s educational and charitable efforts equip local entrepreneurs with the necessary resources and knowledge to thrive in a competitive market. By addressing the unique challenges faced by disadvantaged individuals, it helps to level the playing field, enabling a more diverse business environment. This ultimately leads to increased job opportunities and a more vibrant community, reinforcing the interconnectedness of economic vitality and community welfare. The impact of Chatham Business Assoc Small Business Development is felt in the enrichment of the community's social fabric and the empowerment of its residents.




This information is meant to be a general summary of Chatham Business Assoc Small Business Development. 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.

Revenue
$1,850,681 (2022)
Expenses
$2,281,960 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $39
  • Program Service Revenue: $1,030,660
  • Gross Receipts: $1,850,681

Assets and Liabilities:

  • Total Assets: $1,533,172
  • Total Liabilities: $1,081,659
  • Net Assets: $451,513

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

COMPANY GRANTS

Revenue

$193,449

PROGRAM FEES

Revenue

$837,211

Organization Details

Founding Year

1972

Principal Officer

Monica Linares

Main Address

800 EAST 78TH STREET, CHICAGO, IL, 60619

NTEE Category

Code: S41 - Community improvement

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