Illinois Utilities Business Diversity Council Inc
- Assets
- $212.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flossmoor, IL
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 81-5407976
Organization Overview
Illinois Utilities Business Diversity Council Inc is located in Flossmoor, IL. The organization was established in 2018. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Utilities Business Diversity Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Illinois Utilities Business Diversity Council Inc generated $135.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $131.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DIRECTORS WERE INTERVIEWED BY COMMISSIONER BOCANEGRA FOR THE REGULATORY CONFERENCE IN JUNE. IUBDC SPONSORED 4 MBE'S WITH A FULL SCHOLARSHIP TO HE NORTHWESTERN UNIVERSITY KELLOGG SCHOOL OF MANAGEMENT MINORITY BUSINESS EDUCATIONAL PROGRAM. DIRECTORS PRESENTED ACHIEVEMENTS TO THE ILLINOIS COMMERCE COMMISSION IN SEPTEMBER 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Torrence Hinton Director | 2 | $0 | |
Wendell Dallas Director | 2 | $0 | |
Rebecca Losli Director | 2 | $0 | |
Gil Quiniones Director | 2 | $0 | |
Nancy Conner Executive Dir. | 20 | $60,000 | |
Leonard Singh Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $135,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $135,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,000 |
| Professional fees and other payments to independent contractors | $23,263 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $131 |
| Other expenses | $31,203 |
| Total expenses | $131,397 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $212,373 |
| Other assets | $0 |
| Total assets | $212,373 |
| Total liabilities | $0 |
| Net assets or fund balances | $212,373 |