Overview
What is Allies For Community Business Inc?
Allies For Community Business Inc, based in Chicago, Illinois, is a dedicated nonprofit organization that supports the growth of small businesses within their communities. With a focus on entrepreneurs from underrepresented communities such as Black, Hispanic/Latino, women, and low-income individuals, Allies For Community Business offers financial assistance through affordable loans ranging from $500 to $100,000. They also provide free business coaching for anyone interested in starting or expanding their business. In addition, they connect entrepreneurs with trusted partners to help further their ventures. As a mission-driven organization, Allies For Community Business aims to foster job creation and wealth in local communities, boasting a workforce of 40 employees.
Official website here: www.a4cb.org
Is Allies For Community Business Inc legitimate?
Allies For Community Business Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allies For Community Business 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: $239,069
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,693,720
For more financial information, click here
Official website here: www.a4cb.org
What is the mission statement of Allies For Community Business Inc?
Allies For Community Business Inc is a nonprofit organization that serves as a resource for small businesses lacking traditional financing options. Its mission is to aid entrepreneurs in growing successful businesses that contribute to wealth and job creation within their communities. Allies for Community Business provides capital, coaching, and connections to help entrepreneurs succeed. The organization prioritizes supporting underrepresented groups such as Black, Hispanic/Latino, women, and low-income entrepreneurs in the Chicago area and beyond. Allies for Community Business offers loans between $500 and $100,000 at fair prices to early, emerging, and established businesses. Additionally, they provide free coaching to anyone interested in starting or growing a business and connect entrepreneurs to trusted partners for further assistance.
Official website here: www.a4cb.org
Who is the CEO of Allies For Community Business Inc?
Brad Mcconnell is the Chief Executive Officer of Allies For Community Business Inc. The CEO's salary of Allies For Community Business Inc is $209,069 and their total compensation is $214,516.
Official website here: www.a4cb.org
What is the revenue of Allies For Community Business Inc?
Allies For Community Business Inc's revenue in 2022 was $8,974,469.
Official website here: www.a4cb.org
Who are the executives of Allies For Community Business Inc and what are their salaries?
The average compensation at Allies For Community Business Inc during 2022 was $73,320. There are 40 employees and 81 volunteers at Allies For Community Business Inc.
Here are 18 key members and their salaries (Allies For Community Business Inc's CEO's salary is $209,069 and their total compensation is $214,516):
- Brad Mcconnell (Chief Executive Officer)
- Mary Tritsis (Director Of Community Busi)
- Rowan Richards (Director Of Coaching And C)
- Jennie Motto Mesterharm (Chief Of Staff)
- Mary Riley (Director Of Community Rela)
- Jill Kozeluh (Director Of Development)
- Michelle T Thom (Chair) [Trustee/Director]
- Joe Neri (Secretary And Treasur) [Trustee/Director]
- Bernita Johnson-Gabriel (Director)
- Juan Ortiz (Director)
- S Michael Mccracken (Chair, Lending) [Trustee/Director]
- Clemente Nicado (Director)
- Darlene Hightower (Director)
- Adrianne Spivey (Director)
- Anthony Waller (Director)
- Oscar Johnson (Director)
- Ben Bochnowski (Director)
- Patrice Dziire (Director - Term Ended In 2022)
Official website here: www.a4cb.org
Where can I find the form 990 for Allies For Community Business Inc?
The Allies For Community Business Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.a4cb.org
Learn more at the official website: www.a4cb.org
Mission Statement of Allies For Community Business Inc
Allies For Community Business, as a nonprofit organization, is committed to providing capital, coaching, and connections to entrepreneurs who may lack access to traditional financing sources. Their mission is to support small businesses that strengthen their communities, specifically focusing on entrepreneurs from underrepresented groups such as Black, Hispanic/Latino, women, and low-income individuals in the Chicagoland area and beyond. Allies For Community Business offers loans ranging from $500 to $100,000 at fair prices to early, emerging, and established businesses. In addition to financial aid, they provide free coaching to anyone interested in starting or growing a business. By connecting entrepreneurs to trusted partners, Allies For Community Business aims to help these businesses thrive, creating jobs and wealth in their communities.
Impact
This information is meant to be a general summary of Allies For Community Business Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Allies For Community Business Inc supports small businesses that strengthen their communities by providing the capital, coaching, and connections entrepreneurs need to grow successful enterprises. Located on Chicago's West Side, A4CB prioritizes Black, Hispanic/Latinx, women, and low-income entrepreneurs throughout the Chicagoland area and beyond. They offer loans between $500 and $100,000 at fair prices to early, emerging, and established businesses. Additionally, they provide free coaching to anyone looking to start or expand a business and connect entrepreneurs to trusted partners that can further assist them. This organization's impact is evident in the job creation and wealth generation within the communities they serve.
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
$1,120,319
LOAN FEES
Revenue
$551,837
PARTICIPATION INCOME
Revenue
$8,625
Organization Details
Founding Year
1994
Phone
(312) 924-2180
Principal Officer
Brad Mcconnell
Main Address
135 N KEDZIE AVE, CHICAGO, IL, 60612
Website
www.a4cb.org
NTEE Category
Code: S43Z - Community improvement
If you are a representative of Allies For Community Business 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.