Overview
What is Chi Ishobak Inc?
Chi Ishobak Inc is a nonprofit organization based in Dowagiac, Michigan, with a mission to provide affordable capital for business loans and individual financial development to Tribal citizens. They achieve this through collaborative and education-focused lending services, aiming to promote responsible lending and protect loan capital for future generations. Over 1,000 Tribal citizens have benefited from their commercial loans, consumer loans, business development assistance, and individual financial coaching, with over $14.1 million disbursed for various purposes. The organization currently employs a team of three individuals.
Official website here: www.chiishobak.org
Is Chi Ishobak Inc legitimate?
Chi Ishobak Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chi Ishobak 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.
Here are some key statistics you may want to consider:
Executive Compensation: $196,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,720
For more financial information, click here
Official website here: www.chiishobak.org
What is the mission statement of Chi Ishobak Inc?
Chi Ishobak Inc's mission is centered around providing affordable capital to tribal citizens for business loans and personal financial development. They achieve this through collaborative and education-focused lending services, aiming to practice responsible lending to safeguard loan capital for future generations. By offering these services, Chi Ishobak Inc aims to boost the financial capacity of tribal citizens and generate economic opportunities. Over a thousand tribal citizens have benefited from their commercial loans, consumer loans, business development assistance, and individual financial coaching, with over $14.1 million disbursed for small business expansion, start-ups, and consumer uses.
Official website here: www.chiishobak.org
Who is the CEO of Chi Ishobak Inc?
Bruce Molnar is the Executive Director of Chi Ishobak Inc.
Official website here: www.chiishobak.org
What is the revenue of Chi Ishobak Inc?
Who are the executives of Chi Ishobak Inc and what are their salaries?
The average compensation at Chi Ishobak Inc during 2022 was $100,453. There are 3 employees at Chi Ishobak Inc.
Here are 10 key members and their salaries:
- Sean Winters (Executive Director)
- Joseph Silvia (Secretary / Treasurer) [Trustee/Director]
- Bruce Molnar (Chair) [Trustee/Director]
- Brandon Rapp (Vice Chair) [Trustee/Director]
- Joseph Riley (Director)
- Linda Cook (Director)
- Jeremy Truitt (Director)
- Alicia Falcon (Director)
- Tony Day (Director)
- Troy Clay (Director)
Official website here: www.chiishobak.org
Where can I find the form 990 for Chi Ishobak Inc?
The Chi Ishobak Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.chiishobak.org
Learn more at the official website: www.chiishobak.org
Mission Statement of Chi Ishobak Inc
Chi Ishobak Inc, a nonprofit organization, is dedicated to providing affordable capital for business loans and individual financial development for its tribal citizens. It achieves this mission through collaborative and education-oriented lending services, aiming to practice responsible lending to protect loan capital for future generations. The primary goal of Chi Ishobak Inc is to boost the financial capacity of tribal citizens and create economic opportunities. Over a thousand tribal citizens have benefited from the organization's services, including commercial loans, consumer loans, business development assistance, and individual financial coaching. As a result, over $14.1 million has been disbursed for small business expansion, start-ups, and consumer uses. By providing these financial resources, Chi Ishobak Inc empowers tribal citizens to build sustainable businesses and improve their financial well-being.
Impact
This information is meant to be a general summary of Chi Ishobak Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Chi Ishobak Inc's impact can be seen in the significant support it provides to tribal citizens in accessing affordable capital for business loans and individual financial development. Through their collaborative and education-oriented lending services, the organization has positively influenced over 1,000 tribal citizens by offering commercial loans, consumer loans, business development assistance, and individual financial coaching.
Moreover, Chi Ishobak Inc has dispersed more than $14.1 million for small business expansion, start-ups, and consumer uses, thereby contributing to the economic growth and financial capacity of tribal citizens. By practicing responsible lending practices, Chi Ishobak Inc ensures the protection of loan capital for the benefit of future generations of the tribe.
In essence, Chi Ishobak Inc's work not only fosters economic opportunities but also uplifts the community by empowering tribal citizens to achieve their financial goals and create a sustainable future for themselves and their families.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$439,553
LOAN FEES
Revenue
$83,444
Organization Details
Founding Year
2009
Phone
(269) 783-4157
Principal Officer
Bruce Molnar
Main Address
27043 POTAWATOMI TRAIL, DOWAGIAC, MI, 49047
Website
www.chiishobak.org
NTEE Category
Code: S32 - Community improvement
If you are a representative of Chi Ishobak Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.