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Nonprofiteer
← CHICAGOS SUNSHINE ENTERPRISES INC

Form 990 for tax year 2024

Filed by CHICAGOS SUNSHINE ENTERPRISES INC.

Totals

Total revenue
$4,245,399
Total expenses
$3,242,825
Contributions and grants received
$4,023,555
Grants paid
$190,279
Program service revenue
$29,121
Investment income
$190,144
Other revenue
$2,579
Total assets, end of year
$9,384,740
Total liabilities, end of year
$179,157
Net assets or fund balances, end of year
$9,205,583
Program services expenses (Part IX)
$2,636,293
Management and general expenses
$372,041
Fundraising expenses
$234,491
Program service expenses (Part III)
$2,636,293

Program services were 81.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $547,784

  • 1f · All other contributions, gifts and grants

    $3,475,771

  • 2a · Program service revenue: COMMUNITY BUSINESS ACA

    total $18,851 · related or exempt $18,851

  • 2b · Program service revenue: INNOVATION CENTER

    total $10,270 · related or exempt $10,270

  • 3 · Investment income

    total $190,144 · excluded $190,144

  • 11a · Other revenue: MISCELLANEOUS

    total $2,579 · related or exempt $2,579

  • 11e · Other revenue, total

    $2,579

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $190,279 · program services $190,279

  • 5 · Compensation of officers, directors and key employees

    total $175,898 · program services $133,184 · management and general $25,842 · fundraising $16,872

  • 7 · Other salaries and wages

    total $1,745,250 · program services $1,321,448 · management and general $256,403 · fundraising $167,399

  • 9 · Other employee benefits

    total $70,338 · program services $52,353 · management and general $10,881 · fundraising $7,104

  • 10 · Payroll taxes

    total $160,624 · program services $120,656 · management and general $24,181 · fundraising $15,787

  • 11c · Fees: accounting

    total $17,180 · management and general $17,180

  • 11g · Fees: other

    total $22,367 · program services $16,648 · management and general $3,460 · fundraising $2,259

  • 12 · Advertising and promotion

    total $21,727 · program services $21,727

  • 13 · Office expenses

    total $93,177 · program services $86,728 · management and general $4,884 · fundraising $1,565

  • 14 · Information technology

    total $139,310 · program services $119,794 · management and general $11,807 · fundraising $7,709

  • 16 · Occupancy

    total $58,000 · program services $43,169 · management and general $8,973 · fundraising $5,858

  • 17 · Travel

    total $3,554 · program services $2,718 · management and general $506 · fundraising $330

  • 19 · Conferences, conventions and meetings

    total $102,208 · program services $102,208

  • 23 · Insurance

    total $14,038 · program services $10,449 · management and general $2,171 · fundraising $1,418

  • 24a · Other expenses: MENTORING

    total $316,844 · program services $316,844

  • 24b · Other expenses: DEVELOPMENT/NEXT LEVEL

    total $37,107 · program services $32,673 · fundraising $4,434

  • 24c · Other expenses: GRADUATION

    total $33,285 · program services $33,285

  • 24d · Other expenses: TRAINING

    total $21,180 · program services $16,400 · management and general $2,892 · fundraising $1,888

  • 24e · All other expenses

    total $20,459 · program services $15,730 · management and general $2,861 · fundraising $1,868

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,005 · end of year $135,222

  • 2 · Savings and temporary cash investments

    beginning of year $561,558 · end of year $965,813

  • 4 · Accounts receivable

    beginning of year $421,908 · end of year $876,247

  • 7 · Other notes and loans receivable

    beginning of year $7,233,445 · end of year $7,394,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,019 · end of year $13,126

  • 17 · Accounts payable and accrued expenses

    beginning of year $149,926 · end of year $179,157

  • 27 · Net assets without donor restrictions

    beginning of year $7,724,250 · end of year $7,881,150

  • 28 · Net assets with donor restrictions

    beginning of year $478,759 · end of year $1,324,433

Mission and programs · 2024

Mission

CHICAGO'S SUNSHINE ENTERPRISES, INC. EXISTS TO EMPOWER LOCAL ENTREPRENEURS IN UNDER-RESOURCED COMMUNITIES TO GROW THEIR BUSINESSES AND TRANSFORM THEIR COMMUNITIES.

Activities or mission (Part I)

TO EMPOWER LOCAL ENTREPRENEURS IN UNDER-RESOURCED COMMUNITIES.

  • BUSINESS ACCELERATOR SERVICES (BAS) - PROVIDE ONE-ON-ONE BUSINESS COACHING AND MENTORING TO DEVELOP AND IMPLEMENT STRATEGIC ACTION PLAN. SUPPLEMENTED WITH WORKSHOPS, PITCH COMPETITIONS, ACCESS TO CAPITAL, PROCUREMENT AND OFFICE OPPORTUNITIES.

    Expenses $931,331 · Grants $190,279 · Revenue $10,270

  • THE COMMUNITY BUSINESS ACADEMY (CBA) - TWELVE-SESSION (36-HOUR) COURSE IN BASIC BUSINESS PLANNING AND MANAGEMENT. INCLUDES TRAINING ON FINANCIALS, CREDIT, MARKETING, NEGOTIATIONS, LEGAL AND MORE.

    Expenses $1,199,769 · Revenue $18,851

  • THE NEXT LEVEL EXCHANGE IS A 12-MONTH, COHORT-BASED SMALL BUSINESS DEVELOPMENT PROGRAM DESIGNED TO HELP BUSINESS OWNERS BUILD THE CAPACITY OF THEIR ENTERPRISE. THE PURPOSE OF THE PROGRAM IS TO SUPPORT THE GROWTH OF OWNER-OPERATED BUSINESSES AND CREATE ECONOMIC OPPORTUNITY IN UNDERSERVED COMMUNITIES.

    Expenses $159,106

  • CREDIT TO CAPITAL

    Expenses $346,087

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RENDER DAHIYA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STAN BARNETT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN WEBB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAPRICE LINDSAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAMELL MCMORRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BJ STEWART

    EXECUTIVE DIRECTOR

    Total calculated
    $175,898
    From this org
    $175,898
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,898
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,898

  • ADRIAN TALBOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONNA GAINES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEYONN POPE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ETHAN DALY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAURA A LANE

    MANAGING DIRECTOR OF PROGRAMS

    Total calculated
    $100,149
    From this org
    $100,149
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543159349305004

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