Overview
What is Local Economic & Employment Development Council Inc?
Local Economic & Employment Development Council Inc, commonly known as North Branch Works, is a nonprofit organization situated in Chicago, Illinois. With a focus on businesses in the North River Corridor, their mission is to facilitate growth and expansion by connecting individuals to job opportunities and providing training for these roles. They serve as a bridge between businesses and city services, public infrastructure improvements, and financial programs. Additionally, North Branch Works manages loan funds for local businesses, an essential component of their economic development efforts. With a team of seven dedicated employees, they strive to strengthen the local economy and employment landscape.
Official website here: www.northbranchworks.org
Is Local Economic & Employment Development Council Inc legitimate?
Local Economic & Employment Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local Economic & Employment Development Council Inc 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.
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Other Salaries and Wages: $224,438
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Official website here: www.northbranchworks.org
What is the mission statement of Local Economic & Employment Development Council Inc?
The Local Economic & Employment Development Council Inc, as an economic and employment development organization, is dedicated to supporting businesses. Their primary focus is to help businesses grow by connecting individuals to job opportunities and providing training for these roles. Additionally, they offer outreach and assistance to businesses, aiding them in navigating city services, public infrastructure improvements, and public financing programs to support business expansion. The organization also manages loan funds for local businesses, aiming to strengthen the local economy.
Official website here: www.northbranchworks.org
Who is the CEO of Local Economic & Employment Development Council Inc?
Jonathan Snyder is the Director of Local Economic & Employment Development Council Inc.
Official website here: www.northbranchworks.org
What is the revenue of Local Economic & Employment Development Council Inc?
Local Economic & Employment Development Council Inc's revenue in 2022 was $379,496.
Official website here: www.northbranchworks.org
Who are the executives of Local Economic & Employment Development Council Inc and what are their salaries?
The average compensation at Local Economic & Employment Development Council Inc during 2022 was $32,063. There are 7 employees at Local Economic & Employment Development Council Inc.
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Official website here: www.northbranchworks.org
Where can I find the form 990 for Local Economic & Employment Development Council Inc?
Local Economic & Employment Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northbranchworks.org
Learn more at the official website: www.northbranchworks.org
Mission Statement of Local Economic & Employment Development Council Inc
The Local Economic & Employment Development Council Inc, often referred to as North Branch Works, is an economic and employment development organization with a mission centered around businesses on Chicago's near North side. Established with the intent to aid in business growth, North Branch Works serves to connect individuals to job opportunities and train them for these roles.
In its mission to support local businesses, North Branch Works offers outreach and assistance in various aspects related to city services, public infrastructure improvements, and public financing programs. These programs are designed to facilitate business expansion within the North River Corridor. Furthermore, the organization manages loan funds for local businesses, providing them with financial assistance to fuel their growth and development.
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Impact
October, 2024
Local Economic & Employment Development Council Inc, through its initiative North Branch Works, plays a crucial role in fostering economic growth and improving employment opportunities on Chicago's Near North Side. By focusing on business development, the organization actively assists local businesses in expanding their operations, which in turn aids in job creation.
The impact is felt throughout the community as North Branch Works connects individuals to job opportunities and provides training to equip them for these roles. This initiative not only enhances the workforce's skill set but also addresses the staffing needs of local businesses, creating a synergistic relationship that benefits both the economy and the individuals seeking employment.
Moreover, the organization offers outreach and assistance related to city services, public infrastructure improvements, and public financing programs, which are vital for supporting business expansion. By managing loan funds for local enterprises, North Branch Works further contributes to economic vitality, helping businesses overcome financial barriers and thrive in a competitive environment.
Overall, their efforts lead to strengthened local economies, empowered residents, and a more robust job market, significantly contributing to the overall health of the Chicago community.
This information is meant to be a general summary of Local Economic & Employment Development Council Inc. 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: -$7,844
- Program Service Revenue: $46,097
- Gross Receipts: $379,496
Assets and Liabilities:
- Total Assets: $565,941
- Total Liabilities: $454,039
- Net Assets: $111,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Services
Revenue
$46,097
Organization Details
Founding Year
2001
Phone
(773) 929-5552Principal Officer
Jonathan Snyder
Main Address
2545 W DIVERSEY AVE APT 225, Chicago, IL, 60647
Website
www.northbranchworks.orgNTEE Category
Code: J22 - Employment
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