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Chicago New Business Nfp

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

EIN: 821466120 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Chicago New Business Nfp?

Chicago New Business NFP is a nonprofit organization that specializes in supporting disadvantaged and disabled entrepreneurs residing in Chicago's south side. They offer a variety of resources to help these individuals succeed in their business ventures. This includes conducting numerous webinars and online trainings on topics like funding, business plan basics, and starting a business in Chicago. The organization also provides one-on-one business advising sessions, totaling over 500 hours, to these entrepreneurs. Their mission also includes economic development, aiming to create opportunities for small businesses in disadvantaged communities.


Official website here: www.36business.org

Is Chicago New Business Nfp legitimate?

Chicago New Business Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago New Business Nfp 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.36business.org

What is the mission statement of Chicago New Business Nfp?

Chicago New Business NFP focuses on promoting business growth and development, primarily for disadvantaged and disabled entrepreneurs. They accomplish this through a variety of means, including hosting webinars and online trainings on topics like funding and business planning. Additionally, they offer one-on-one business advising to these entrepreneurs, providing them with crucial counseling services. Their mission is also centered around economic development, aiming to contribute positively to the business community.


Official website here: www.36business.org

Who is the CEO of Chicago New Business Nfp?

Andrew Fogaty is the Executive Director of Chicago New Business Nfp.


Official website here: www.36business.org

What is the revenue of Chicago New Business Nfp?

Chicago New Business Nfp's revenue in 2022 was $130,000.


Official website here: www.36business.org

Who are the executives of Chicago New Business Nfp and what are their salaries?


Here are 4 key members and their salaries:


Andrew Fogaty (Executive Director)
  • Compensation: $30,560
  • Related: $0
  • Other: $0
Veronica Pineau (Manager)
  • Compensation: $15,650
  • Related: $0
  • Other: $0
Laura Martinez (Advisor)
  • Compensation: $6,600
  • Related: $0
  • Other: $0
Meghan Ryzy (Cooredinator)
  • Compensation: $6,800
  • Related: $0
  • Other: $0


Official website here: www.36business.org

Where can I find the form 990EZ for Chicago New Business Nfp?

Chicago New Business Nfp's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.36business.org

Learn more at the official website: www.36business.org

Mission Statement of Chicago New Business Nfp

Chicago New Business NFP is an organization dedicated to providing assistance and support to primarily disadvantaged and disabled entrepreneurs. Their mission encompasses holding numerous webinars and online trainings on various business topics, such as funding, business plan basics, and starting a business in Chicago. These sessions aim to equip entrepreneurs with the necessary skills and knowledge to navigate the business world.

In addition to webinars and online trainings, Chicago New Business NFP offers one-on-one business advising services. They have provided over 500 hours of personalized counseling to entrepreneurs in need, helping them navigate the complexities of starting and running a small business. Their services are tailored to the unique challenges faced by disadvantaged individuals, providing them with the tools and resources they need to succeed. Through their economic development efforts, Chicago New Business NFP is committed to fostering a thriving business community on Chicago's south side.

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Impact




October, 2024

Chicago New Business Nfp plays a vital role in fostering economic development and entrepreneurship, particularly among disadvantaged and disabled individuals on the South Side of Chicago. By offering over 20 webinars and online training sessions, the organization addresses key topics like funding options for small businesses and essential business planning skills, empowering entrepreneurs with the knowledge they need to succeed.

Through personalized support, the organization has delivered more than 500 hours of one-on-one business advising, providing invaluable counseling tailored to the needs of its clients. This targeted assistance not only helps individuals navigate the complexities of starting and running a business but also promotes a more inclusive economic landscape in the community. By prioritizing support for marginalized groups, Chicago New Business Nfp contributes significantly to community improvement and economic empowerment, ultimately helping to foster a more diverse and resilient local economy.




This information is meant to be a general summary of Chicago New Business Nfp. 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
$130,000 (2022)
Expenses
$76,035 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $25,000
  • Gross Receipts: $130,000

Assets and Liabilities:

  • Total Assets: $100,277
  • Total Liabilities: $0
  • Net Assets: $100,277

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Organization Details

Principal Officer

Andrew Fogaty

Main Address

3636 South Iron Street, Chicago, IL, 60609

NTEE Category

Code: S43 - Community improvement

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