Overview
What is Business Services Collective Nfp?
Business Services Collective Nfp, based in Chicago, Illinois, is a nonprofit organization with a dedicated team of two individuals. Their primary mission is to support small business owners from economically depressed areas, predominantly within minority communities, in the construction industry. They accomplish this by providing one-on-one coaching, business trainings, and back office assistance. In the past year, they have offered over 708 hours of training and financial guidance to more than 100 minority- and women-owned businesses, contributing to over $25 million in business activities. They also helped these entrepreneurs become loan-ready and access $50,000 in capital.
Official website here: www.businessservicescollective.org
Is Business Services Collective Nfp legitimate?
Business Services Collective Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Services Collective Nfp 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: $230,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $550
For more financial information, click here
Official website here: www.businessservicescollective.org
What is the mission statement of Business Services Collective Nfp?
Business Services Collective NFP focuses on providing aid primarily to small business owners from minority communities residing in economically depressed areas. They accomplish this by offering one-on-one coaching, business training, and back office support within the construction industry. The organization's mission is to empower these entrepreneurs, helping them grow and sustain their businesses. To date, they have provided over 700 hours of training and financial guidance to over 100 minority- and women-owned businesses, contributing to over $25 million in business activity. Furthermore, they assisted business owners in becoming loan-ready and securing up to $50,000 in capital.
Official website here: www.businessservicescollective.org
Who is the CEO of Business Services Collective Nfp?
Kyle Johnson is the Treas/Cso&Cdo of Business Services Collective Nfp.
Official website here: www.businessservicescollective.org
What is the revenue of Business Services Collective Nfp?
Business Services Collective Nfp's revenue in 2022 was $569,523.
Official website here: www.businessservicescollective.org
Who are the executives of Business Services Collective Nfp and what are their salaries?
The average compensation at Business Services Collective Nfp during 2022 was $115,300. There are 2 employees at Business Services Collective Nfp.
Here are 6 key members and their salaries:
- Compensation: $125,300
- Related: $0
- Other: $0
- Compensation: $104,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.businessservicescollective.org
Where can I find the form 990 for Business Services Collective Nfp?
Business Services Collective Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.businessservicescollective.org
Learn more at the official website: www.businessservicescollective.org
Mission Statement of Business Services Collective Nfp
Business Services Collective NFP is committed to providing aid primarily to small business owners from minority communities hailing from economically depressed areas. They accomplish this mission through a multifaceted approach, which includes one-on-one coaching, business trainings, and back office support, all focused within the construction industry. This nonprofit organization has made significant strides in empowering over 100 minority-owned and women-owned business enterprises within the construction sector. By offering guidance on financial health and preparing these entrepreneurs to secure loans, Business Services Collective NFP has played a pivotal role in supporting more than $25 million in business activity. Their impact extends beyond just financial support, as they have helped numerous small business owners in the construction industry gain access to capital, thereby fostering growth and sustainability in these communities.
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Impact
July, 2024
Business Services Collective Nfp has made a significant impact by providing aid primarily to small business owners of minority communities from economically depressed areas through one-on-one coaching, business trainings, and back-office support in the construction industry. In the city of Chicago, Illinois, this organization has provided 708 hours of training and financial health guidance to over 100 minority-owned and women-owned business enterprises within the construction industry, supporting more than $25 million in business activity. Additionally, they have helped these business owners to become loan-ready and access $50,000 in capital. This work has not only empowered these entrepreneurs but has also contributed to promoting economic empowerment and equity in the community, making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Business Services Collective 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $37
- Program Service Revenue: $750
- Gross Receipts: $569,523
Assets and Liabilities:
- Total Assets: $275,325
- Total Liabilities: $28,610
- Net Assets: $246,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROF DEV TRAINING
Revenue
$750
Organization Details
Founding Year
2019
Phone
(708) 232-3068Principal Officer
Kyle Johnson
Main Address
503 EAST 61ST STREET 135, CHICAGO, IL, 60637
NTEE Category
Code: R12 - Civil rights
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