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← JOINT-COUNTY OPPORTUNITY BENEFIT SUPPORT FUND

Form 990 for tax year 2024

Filed by JOINT-COUNTY OPPORTUNITY BENEFIT SUPPORT FUND.

Totals

Total revenue
$313
Total expenses
$549,838
Contributions and grants received
$0
Grants paid
$150,000
Program service revenue
$0
Investment income
$313
Other revenue
$0
Total assets, end of year
$586,637
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$586,637
Program services expenses (Part IX)
$150,000
Management and general expenses
$399,838
Fundraising expenses
$0
Program service expenses (Part III)
$150,000

Program services were 27.3% 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.

  • 3 · Investment income

    total $313 · excluded $313

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 11c · Fees: accounting

    total $4,835 · management and general $4,835

  • 24a · Other expenses: BAD DEBT

    total $395,000 · management and general $395,000

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $3 · management and general $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $741,162 · end of year $336,324

  • 7 · Other notes and loans receivable

    beginning of year $395,000 · end of year $250,313

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,136,162 · end of year $586,637

Mission and programs · 2024

Mission

THE JOBS FUND GRANTS FUNDING FOR ELIGIBLE PROGRAMS THAT OFFER JOB TRAINING, EDUCATIONAL PROGRAMMING AND OTHER COMMUNITY BENEFITS PROGRAMS DESIGNED TO SERVE THE COMMUNITIES THAT SCORE ALREADY SERVES.

Activities or mission (Part I)

THE JOBS FUND IS THE 501C3 ENTITY CREATED AND SPONSORED BY CHICAGO-BASED COMMUNITY DEVELOPMENT ENTERPRISE, SCORE. TO DATE SCORE HAS ISSUED $40MM IN NEW MARKETS TAX CREDITS TO QUALIFYING PROJECTS LOCATED IN ILLINOIS AND INDIANA. THE JOBS FUND GRANTS FUNDING FOR ELIGIBLE PROGRAMS THAT OFFER JOB TRAINING, EDUCATIONAL PROGRAMMING AND OTHER COMMUNITY BENEFITS PROGRAMS DESIGNED TO SERVE THE COMMUNITIES THAT SCORE ALREADY SERVES.

  • JOBS PROVIDED FUNDING TO AN ECONOMIC GROWTH CORPORATION IN SUPPORT OF THE ESTABLISHMENT AND OPERATION OF THE SHIMER SQUARE JOBS AND EARLY CHILDHOOD DEVELOPMENT CENTER. THE EARLY CHILDHOOD DEVELOPMENT CENTER AT SHINER SQUARE WILL INTRODUCE THE FIRST LICENSED CHILDCARE FACILITY IN CARROLL COUNTY, PROVIDING QUALITY CARE FOR CHILDREN AND WORKING PARENTS LIVING WITHIN A 30-MINUTE RADIUS OF THE PROJECT SITE. ADDITIONALLY, IT WILL GENERATE 25 NEW JOBS, WITH AT LEAST 19 OR 75% OF THESE POSITIONS TARGETING LOW-INCOME INDIVIDUALS. THE NEW RESIDENTS LIVING ON SITE WILL BE ENCOURAGED TO APPLY. THE PROJECT WILL ALSO RESULT IN THE ESTABLISHMENT OF TWO ADDITIONAL PROPERTY MANAGEMENT POSITIONS WITH HOME BASE PROPERTY MANAGEMENT, FURTHER ENHANCING THE SCOPE OF EMPLOYMENT OPPORTUNITIES GENERATED BY THE DEVELOPMENT. THE PROJECT NOT ONLY SEEKS TO ESTABLISH A HIGH-QUALITY CHILDCARE FACILITY BUT ALSO UNDERSCORES THE IMPORTANCE OF PROVIDING JOB READINESS TRAINING TO BOLSTER THE HEALTH AND WELFARE OF LOW-INCOME INDIVIDUALS IN THE SURROUNDING UNDERSERVED COMMUNITIES. THE PROJECT WILL PRIORITIZE ASSISTING EMPLOYEES IN OVERCOMING PERSONAL BARRIERS, WHICH MAY INCLUDE CHALLENGES SUCH AS A LACK OF CHILDCARE, ACCESS TO SAFE AND AFFORDABLE HOUSING, AND THE ACQUISITION OF NECESSARY JOB SKILLS FOR A NEW POSITIONS. EMPLOYMENT OPPORTUNITIES GENERATED BY THE DAYCARE AND PROPERTY MANAGEMENT COMPANY WILL SERVE TO SUPPORT FAMILIES BY OFFERING WAGES EXCEEDING THE LOCAL MIT WAGE CALCULATION. FURTHERMORE, CO-LOCATED AFFORDABLE HOUSING AND ACCESS TO DISCOUNTED DAYCARE WILL BE PROVIDED, ADDRESSING CRITICAL NEEDS WITHIN THE COMMUNITY.

    Expenses $150,000 · Grants $150,000

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

Listed in Part VII

  • Edmund C Woodbury

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brian Munin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Reicher

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202501349349302650

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