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Illinois Utilities Business Diversity Co

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

EIN: 815407976 ✦ Flossmoor, IL ✦ Designated as a 501(c)(6)

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Overview

What is Illinois Utilities Business Diversity Co?

Illinois Utilities Business Diversity Co is a nonprofit organization dedicated to fostering business diversity and strengthening connections between diverse businesses and utilities. They aim to contribute to a robust economy and an environment conducive to productivity. The organization has taken significant strides in achieving these goals, including participating in regulatory conferences and offering scholarships for minority business education. They have sponsored full scholarships for four Minority Business Enterprises (MBEs) to attend Northwestern University's Kellogg School of Management, and have showcased their initiatives in the attached information. Illinois Utilities Business Diversity Co's mission is to create a supportive environment for diverse businesses to collaborate effectively with utilities.


Official website here: www.iubdc.com/

Is Illinois Utilities Business Diversity Co legitimate?

Illinois Utilities Business Diversity Co is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Utilities Business Diversity Co submitted a form 990EZ, 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.


Official website here: www.iubdc.com/

What is the mission statement of Illinois Utilities Business Diversity Co?

Illinois Utilities Business Diversity Co is committed to fostering business diversity initiatives and promoting the establishment of productive working relationships between diverse businesses and utilities. This organization aims to contribute to a robust economy and a beneficial environment. Through various programs, they encourage diverse businesses and support their interaction with utilities. They have sponsored four Minority Business Enterprises (MBEs) with scholarships to Northwestern University Kellogg School of Management's Minority Business Educational Program. The specifics of their programs can be found in the attached information.


Official website here: www.iubdc.com/

Who is the CEO of Illinois Utilities Business Diversity Co?

Unavailable


Official website here: www.iubdc.com/

What is the revenue of Illinois Utilities Business Diversity Co?

Illinois Utilities Business Diversity Co's revenue in 2022 was $135,000.


Official website here: www.iubdc.com/

Who are the executives of Illinois Utilities Business Diversity Co and what are their salaries?


Here are 6 key members and their salaries:


Torrence Hinton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendell Dallas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Losli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gil Quiniones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Conner (Executive Dir.)
  • Compensation: $60,000
  • Related: $0
  • Other: $0
Leonard Singh (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iubdc.com/

Where can I find the form 990EZ for Illinois Utilities Business Diversity Co?

Illinois Utilities Business Diversity Co's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.iubdc.com/

Learn more at the official website: www.iubdc.com/

Mission Statement of Illinois Utilities Business Diversity Co

Illinois Utilities Business Diversity Co, in its mission, strives to advance business diversity initiatives and fosters collaborative relationships between diverse businesses and utilities. This organization believes that by promoting such partnerships, they contribute to a robust economy and a productive environment. The organization, demonstrated by its actions such as sponsoring scholarships for Minority Business Enterprises (MBEs) at Northwestern University Kellogg School of Management, and presenting its programs, is actively engaged in encouraging and supporting diverse businesses. However, detailed information about their specific programs is not provided in the given data.

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Impact




October, 2024

Illinois Utilities Business Diversity Co significantly impacts the business landscape by promoting diversity initiatives that foster strong relationships between diverse businesses and utilities. By supporting these businesses, it contributes to a robust economy and cultivates a productive environment. The organization has helped facilitate important discussions in regulatory circles, as evidenced by the directors' interviews with Commissioner Bocanegra during the Regulatory Conference. Their efforts to sponsor scholarships for four minority business enterprises (MBEs) to attend the prestigious Northwestern University Kellogg School of Management's Minority Business Educational Program exemplify their commitment to education and empowerment within diverse communities. Through these initiatives, Illinois Utilities Business Diversity Co plays a crucial role in enhancing community improvement and advancing equity in the business ecosystem.




This information is meant to be a general summary of Illinois Utilities Business Diversity Co. 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
$135,000 (2022)
Expenses
$131,397 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $135,000

Assets and Liabilities:

  • Total Assets: $212,373
  • Total Liabilities: $0
  • Net Assets: $212,373

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Organization Details

Main Address

1235 Berry Lane, Flossmoor, IL, 60422

NTEE Category

Code: S46 - Community improvement

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