Form 990 for tax year 2024
Filed by LAWNDALE BUSINESS RENAISSANCE ASSOCIATION.
Totals
- Total revenue
- $256,341
- Total expenses
- $222,244
- Contributions and grants received
- $256,341
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $203,318
- Total liabilities, end of year
- $3,870
- Net assets or fund balances, end of year
- $199,448
- Program services expenses (Part IX)
- $159,133
- Management and general expenses
- $63,111
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $159,133
Program services were 71.6% 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.
-
1b · Membership dues
$45,975
-
1e · Government grants (contributions)
$159,133
-
1f · All other contributions, gifts and grants
$51,233
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $6,461 · program services $6,461
-
5 · Compensation of officers, directors and key employees
total $169,372 · program services $134,493 · management and general $34,879 · fundraising $0
-
10 · Payroll taxes
total $13,652 · program services $5,782 · management and general $7,870 · fundraising $0
-
11b · Fees: legal
total $626 · program services $0 · management and general $626 · fundraising $0
-
11c · Fees: accounting
total $7,025 · program services $6,000 · management and general $1,025 · fundraising $0
-
13 · Office expenses
total $3,101 · program services $0 · management and general $3,101 · fundraising $0
-
14 · Information technology
total $99 · program services $0 · management and general $99 · fundraising $0
-
16 · Occupancy
total $11,004 · program services $6,397 · management and general $4,607 · fundraising $0
-
23 · Insurance
total $3,534 · program services $0 · management and general $3,534 · fundraising $0
-
24a · Other expenses: Telephone Expense
total $1,818 · program services $0 · management and general $1,818 · fundraising $0
-
24b · Other expenses: Network Events
total $1,638 · program services $0 · management and general $1,638 · fundraising $0
-
24c · Other expenses: Meals & Entertainment
total $2,350 · program services $0 · management and general $2,350 · fundraising $0
-
24d · Other expenses: Dues & Subscriptions
total $1,564 · program services $0 · management and general $1,564 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $133,680 · end of year $150,950
-
4 · Accounts receivable
beginning of year $36,886 · end of year $52,368
-
9 · Prepaid expenses and deferred charges
beginning of year $248
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
end of year $0
-
25 · Other liabilities
beginning of year $5,463 · end of year $3,870
-
27 · Net assets without donor restrictions
beginning of year $19,842 · end of year $63,823
-
28 · Net assets with donor restrictions
beginning of year $145,509 · end of year $135,625
Mission and programs · 2024
Mission
The organizations primary purpose is to aid in the development of business in the Lawndale area of Chicago and provide employment opportunities for low to moderate income individuals for a designated census tract
-
The organization assists industrial companies in the use of city, County, state and federal programs and incentives. The outcome of the efforts is retention, expansion of existing companies and new industrial companies coming into the underserved Lawndale community of Chicago.
Expenses $159,133 · Grants $159,133
As filed on the 2024 return.
Listed in Part VII
-
James Bulk
Officer
- Total calculated
- $0
- Hours/week
- 2
-
EDric Lindsay
Officer
- Total calculated
- $0
- Hours/week
- 2
-
Darren DeMatoff
Officer
- Total calculated
- $0
- Hours/week
- 2
-
E Benard Jennings
Executive Director
- Total calculated
- $0
- Hours/week
- 40
-
Lemont J Robinson
Community Development Specialist
- Total calculated
- $0
- Hours/week
- 40
-
Jasmine R Lindsay
Community Development Specialist
- Total calculated
- $0
- Hours/week
- 40
-
Tom Reagan
Community Development Specialist
- Total calculated
- $0
- Hours/week
- 2
-
Evab Brimbaum
Community Development Specialist
- Total calculated
- $0
- Hours/week
- 2
-
Jessie Green
Community Development Specialist
- Total calculated
- $0
- Hours/week
- 2
-
Brian Glass
Community Development Specialist
- Total calculated
- $0
- Hours/week
- 2
-
George Gatto Jr
Community Development Specialist
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541229349302474
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