Joseph Center
- Assets
- $1.9m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Forest Park, IL
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 36-4175789
Organization Overview
Joseph Center is located in Forest Park, IL. The organization was established in 1998. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Joseph Center employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Joseph Center generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 15.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PRACTICAL TEACHING, RESOURCES, AND ENVIRONMENT TO ENCOURAGE CHRISTIAN ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS & PROFESSIONAL DEVELOPMENT: THE JOSEPH CENTER FOR BUSINESS DEVELOPMENT (JCBD) OFFERS A FULL RANGE OF PROGRAMS AND SERVICES DESIGNED TO TRAIN, NURTURE, AND SUPPORT ENTREPRENEURS IN STARTING AND RUNNING A SUCCESSFUL BUSINESS, AS WELL AS WORKERS AND PROFESSIONALS WHO ARE THE ENGINE OF THE ECONOMY. JCBD ENCOMPASSES THREE MAJOR PROGRAMS. 1. BUSINESS DEVELOPMENT PROGRAM, WHICH PROVIDES WORKSHOPS AND COURSES IN AREAS SUCH AS BUSINESS START-UP AND PLANNING, FINANCING, AND INTELLECTUAL PROPERTY, TO DEVELOP KNOWLEDGE AND UNDERSTANDING IN ORDER TO MORE EFFECTIVELY MANAGE/OPERATE THEIR BUSINESSES. 2. CONTINUING EDUCATION & PROFESSIONAL DEVELOPMENT (CEPD) WHICH OFFERS TECHNOLOGY TRAINING, CAREER DEVELOPMENT COURSES AND GENERAL EDUCATION DEVELOPMENT (GED) COURSES, ALL DESIGNED TO ASSIST ADULTS IN ACQUIRING SKILLS NECESSARY FOR CAREER ADVANCEMENT, BETTER PAYING JOBS, ETC. CEPD ALSO HOSTS AN ANNUAL JOB FAIR THAT PROVIDES OPPORTUNITIES FOR UP TO 1,000 ATTENDEES. 3. ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) AT THE JOSEPH CENTER, WHICH IS FUNDED BY THE SBA AND PROVIDES BUSINESS CONSULTING, NETWORKING OPPORTUNITIES AND TRAINING PROGRAMS TO ASSIST ENTREPRENEURS IN IMPROVING BUSINESS PERFORMANCE, PRODUCTIVITY AND PROFITABILITY.
ENTREPRENEURSHIP PROGRAM: THE JOSEPH BUSINESS SCHOOL (JBS) IS A WORLD-CLASS INSTITUTION THAT EQUIPS ENTREPRENEURS AND INDIVIDUALS USING PRACTICAL AND BIBLICAL PRINCIPLES TO RAISE UP COMPANIES AND CREATE WEALTH TO TRANSFORM DESOLATE PLACES INTO FLOURISHING COMMUNITIES FOR THE GLORY OF GOD. JBS HAS A PERMIT OF APPROVAL BY THE STATE OF ILLINOIS, ILLINOIS BOARD OF HIGHER EDUCATION PRIVATE BUSINESS & VOCATIONAL DIVISION AND IS ACCREDITED BY THE NATIONALLY RECOGNIZED ACCREDITING COUNCIL FOR CONTINUING EDUCATION AND TRAINING (ACCET). 107 STUDENTS WERE COMPLETERS IN THE TWO, 2023 4-MONTH COHORTS ON THE CHICAGO CAMPUS IN A LIVE IN-PERSON AND LIVE INTERACTIVE WEB-BASED FEED OF EACH SATURDAY SESSION. 169 STUDENTS WERE COMPLETERS IN THE TWO, 2023 4-MONTH COHORTS ONLINE MODALITY WHERE STUDENTS HAVE ACCESS TO THE ONLINE LEARNING ENVIRONMENT 24 HOURS A DAY, 7 DAYS A WEEK
BUSINESS INCUBATOR & OTHER: THE JOSEPH CENTER HAS A BUSINESS OFFICE CENTER TO PROVIDE SUBSTANTIALLY BELOW COST AND PROFESSIONAL BUSINESS OFFICES, A CONFERENCE CENTER AND ADMINISTRATIVE SUPPORT FOR START-UP BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deloris Thomas Director/president | OfficerTrustee | 40 | $194,387 |
William Winston Director/chair | OfficerTrustee | 8 | $0 |
Belinda Whitfield Director/secretary & Treasurer | OfficerTrustee | 5 | $0 |
Jay Plourde Director | Trustee | 5 | $0 |
William Walton Director | Trustee | 5 | $0 |
Ernest Baker Director Of Finance | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,677,085 |
| Government grants | $397,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,369,124 |
| Total Program Service Revenue | $887,364 |
| Investment income | $670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,137 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,258,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,695 |
| Grants and other assistance to domestic individuals. | $644,490 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,717 |
| Compensation of current officers, directors, key employees. | $35,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,501,214 |
| Pension plan accruals and contributions | $19,549 |
| Other employee benefits | $186,825 |
| Payroll taxes | $113,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $497,426 |
| Advertising and promotion | $19,893 |
| Office expenses | $87,691 |
| Information technology | $13,520 |
| Royalties | $0 |
| Occupancy | $119,932 |
| Travel | $133,730 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,008 |
| Insurance | $14,446 |
| All other expenses | $263,873 |
| Total functional expenses | $4,223,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,908 |
| Savings and temporary cash investments | $19,027 |
| Pledges and grants receivable | $857,977 |
| Accounts receivable, net | $503,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,754 |
| Net Land, buildings, and equipment | $97,185 |
| Investments—publicly traded securities | $10,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,876 |
| Total assets | $1,911,726 |
| Accounts payable and accrued expenses | $283,212 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $283,212 |
| Net assets without donor restrictions | $1,466,325 |
| Net assets with donor restrictions | $162,189 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,911,726 |