Industrial Council Of Nearwest Chicago

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

EIN: 363312341 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Industrial Council Of Nearwest Chicago?

The Industrial Council of Nearwest Chicago is a nonprofit organization situated in Chicago, Illinois, specifically at 320 N Damen Avenue 1st Floor, 60612. Their primary focus is to support and fortify businesses within the Kinzie Industrial Corridor. They achieve this by offering business development services and providing incubator space. Their mission is to promote economic and community development in the area, aiming to strengthen local companies and contribute positively to the community. The organization currently employs 43 individuals.


Official website here: www.industrialcouncil.com

Is Industrial Council Of Nearwest Chicago legitimate?

Industrial Council Of Nearwest Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Industrial Council Of Nearwest Chicago 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: $187,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,157,198

For more financial information, click here


Official website here: www.industrialcouncil.com

What is the mission statement of Industrial Council Of Nearwest Chicago?

The Industrial Council Of Nearwest Chicago's mission is focused on enhancing companies within the Kinzie Industrial Corridor and fostering both economic and community development. They accomplish this by offering services and providing incubator space. In essence, their goal is to support and strengthen these companies, thereby contributing to the overall growth and development of the area. Their activities include renting out space to tenants and offering business development services to help these companies thrive.


Official website here: www.industrialcouncil.com

Who is the CEO of Industrial Council Of Nearwest Chicago?

Steve Debretto is the President of Industrial Council Of Nearwest Chicago.


Official website here: www.industrialcouncil.com

What is the revenue of Industrial Council Of Nearwest Chicago?

Industrial Council Of Nearwest Chicago's revenue in 2022 was $8,831,961.


Official website here: www.industrialcouncil.com

Who are the executives of Industrial Council Of Nearwest Chicago and what are their salaries?

The average compensation at Industrial Council Of Nearwest Chicago during 2022 was $54,527. There are 43 employees and 16 volunteers at Industrial Council Of Nearwest Chicago.

Here are 19 key members and their salaries:

    Steve Debretto (Executive Director)
  • Compensation: $180,370
  • Related: $0
  • Other: $7,085

    • Natalie Shmulik (Chief Strategy And Incubation Officer)
  • Compensation: $140,688
  • Related: $0
  • Other: $1,624

    • Priscilla Torrence (Chief Workforce Development Officer)
  • Compensation: $102,544
  • Related: $0
  • Other: $1,657

    • Robert Climack (Chief Facilities Officer)
  • Compensation: $100,642
  • Related: $0
  • Other: $0

    • Unah Choi (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Calvin Gin (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Deady (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Garcia (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Everett Bell (Vice Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Avram (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juan Ayala (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Bizub (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harvey Camins (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcia Hundt (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Simone Mitchell-Peterson (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Wein (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Wielgus (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shoushana Yarbrough (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward You (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.industrialcouncil.com

    Where can I find the form 990 for Industrial Council Of Nearwest Chicago?

    The Industrial Council Of Nearwest Chicago’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.industrialcouncil.com

    Learn more at the official website: www.industrialcouncil.com

    Mission Statement of Industrial Council Of Nearwest Chicago

    The Industrial Council of Nearwest Chicago, in its mission, aims to bolster businesses situated in the Kinzie Industrial Corridor and contribute to both economic and community development. This is achieved by offering essential services and providing incubator space. By doing so, the organization seeks to foster growth and development within the companies located in this area, thereby enhancing the overall prosperity of the community.

    Impact

    This information is meant to be a general summary of Industrial Council Of Nearwest Chicago. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Industrial Council Of Nearwest Chicago has significantly contributed to the economic and community development in the Kinzie Industrial Corridor of Chicago. Through their services and incubator space offerings, they have played a vital role in strengthening companies in the area. Their impact is evident in the support provided to businesses, the creation of jobs, and the overall improvement of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $11,543
  • Program Service Revenue: $6,498,028
  • Gross Receipts: $8,831,961

    • Assets and Liabilities:
  • Total Assets: $34,041,028
  • Total Liabilities: $19,433,388
  • Net Assets: $14,607,640
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    BASE RENT

    Revenue

    $6,109,121

    MANAGEMENT FEES

    Revenue

    $185,000

    SPECIAL EVENTS

    Revenue

    $118,002

    SERVICE FEES

    Revenue

    $85,905

    Organization Details

    Founding Year

    1984

    Principal Officer

    Steve Debretto

    Main Address

    320 N DAMEN AVENUE 1ST FLOOR, CHICAGO, IL, 60612

    NTEE Category

    Code: S30 - Community improvement

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