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Nonprofiteer
← CHICAGO NEW BUSINESS NFP

Form 990-EZ for tax year 2023

Filed by CHICAGO NEW BUSINESS NFP.

Totals

Total revenue
$130,373
Total expenses
$197,215
Contributions and grants received
$85,373
Grants paid
not reported
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
$45,000
Total assets, end of year
$33,435
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
$33,435
Program service expenses (Part III)
$80,372

Program services were 40.8% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

Primary exempt purpose

The 36Squared Business Incubator is a small business development organization that is unique in actively seeking to work with the disabled and disadvantaged entrepreneur community in the city of Chicago. In 2023 the 36squared business incubator assisted more than 97 clients with starting or growing their own businesss. The 90% of these clients were women and/or minorities and came from disadvantaged areas on Chicago's South and Southwest side. We held more than 11 training events focused on the basics of starting a small business in Illinois, finding funding, and access to available grants and incentives. We also hosted more than 50 women entrepreneurs at a free "Women in Business" luncheon where the attendees were able to network, build relationships, find clients and hear the success stories of other more established businesses. Also, in 2023 we hosted our annual "Boost Awards for Disabled Entrepreneurship". This is a breakfast event where our clients with disabilities .

  • Assisted more that 30 local, disadvantaged and disables entrepreneurs launch and grow their business through multiple session of one to one advaising

    Expenses $40,000 · Grants $40,000

  • Hosted 6 areas business in an inclusive ( able and disabled, multi racial) shared workspace

    Expenses $15,000 · Grants $15,000

  • Head more that 20 webinars and online trainings on business subjects like "where to go when the bank say No" (funding) "Business Plan Basics, as well as "Staring Your Business in Chicago"

    Expenses $25,372 · Grants $25,372

As filed on the 2023 return.

Listed in Part IV

  • Veronica Pineau

    /manager

    Total calculated
    $11,200
    Compensation
    $11,200
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    17.5
  • Andrew Forgaty

    Executive director

    Total calculated
    $103,250
    Compensation
    $103,250
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    49.64
  • Laura Martinez

    Advaisor

    Total calculated
    $12,400
    Compensation
    $12,400
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    6
  • Erika Gonzalez

    Director of Program Management

    Total calculated
    $26,636
    Compensation
    $26,636
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    31.71

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2023
Filed
28 September 2024
IRS schema version
2023v5.0
Source object
202412729349200106

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