Christian Business Fellowship
- Assets
- $170.9k
- Revenue
- $276.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Elgin, IL
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-2321500
Organization Overview
Christian Business Fellowship is located in Elgin, IL. The organization was established in 2015. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. As of 12/2021, Christian Business Fellowship employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Business Fellowship 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 12/2021, Christian Business Fellowship generated $276.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $182.0k during the year ending 12/2021. While expenses have increased by 40.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A COLLECTION OF BUSINESS LEADERS LEARNING WHAT IT MEANS TO BUILD A COMPANY THAT HONORS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING CURRICULUM AND ORGANIZATIONAL INFRASTRUCTURE; HOLDING MONTHLY MEETINGS; TRAINING AND PEER-TO-PEER COUNSELING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Seals President | OfficerTrustee | 10 | $0 |
Bruce Strom Treasurer | OfficerTrustee | 10 | $0 |
Bill Molinari Board Chairman | Trustee | 10 | $0 |
Dan Perritt Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $119,660 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,267 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,306 |
| Office expenses | $14,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,451 |
| Travel | $369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,939 |
| All other expenses | $9,500 |
| Total functional expenses | $182,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $170,924 |
| Accounts payable and accrued expenses | $0 |
| 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 | $112 |
| Total liabilities | $112 |
| Net assets without donor restrictions | $170,812 |
| Net assets with donor restrictions | $0 |
| 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 | $170,924 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Business Fellowship has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: PLACE OF WORSHIP | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creating It Futures Foundation Inc Downers Grove, IL | $7,684,169 | $11,530,049 |
Indiana Banker Association Indianapolis, IN | $6,046,982 | $2,054,584 |
National Association Of Workforce Development Professionals Inc West Plains, MO | $1,404,345 | $1,257,977 |
Indiana Retired Teachers Association Indianapolis, IN | $2,923,970 | $978,467 |
Executive Women International Oconomowoc, WI | $1,251,946 | $526,367 |
Mechanical Industry Promotion Fund Of Kentucky Louisville, KY | $863,956 | $542,987 |
Society Of Ob-Gyn Hospitalists East Dundee, IL | $528,706 | $489,603 |
Elevate Ccic Inc Mattoon, IL | $134,748 | $283,695 |
West Suburban Association Of Plumbing Contractors Chicago, IL | $33,975 | $211,376 |
Illinois Community Health Workers Association Chicago, IL | $258,779 | $174,459 |
Christian Business Fellowship Elgin, IL | $170,924 | $276,267 |
Greater Englewood Chamber Of Commerce Chicago, IL | $134,064 | $271,540 |