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Nonprofiteer
← ALLIES FOR COMMUNITY BUSINESS INC

Form 990 for tax year 2024

Filed by ALLIES FOR COMMUNITY BUSINESS INC.

Totals

Total revenue
$9,940,987
Total expenses
$9,802,100
Contributions and grants received
$7,662,733
Grants paid
$901,683
Program service revenue
$2,160,237
Investment income
$137,559
Other revenue
-$19,542
Total assets, end of year
$36,374,214
Total liabilities, end of year
$22,149,425
Net assets or fund balances, end of year
$14,224,789
Program services expenses (Part IX)
$8,599,222
Management and general expenses
$819,250
Fundraising expenses
$383,628
Program service expenses (Part III)
$8,599,222

Program services were 87.7% 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.

  • 1c · Fundraising events

    $107,755

  • 1e · Government grants (contributions)

    $1,235,588

  • 1f · All other contributions, gifts and grants

    $6,319,390

  • 2a · Program service revenue: LOAN INTEREST

    total $1,155,788 · related or exempt $1,155,788

  • 2b · Program service revenue: LOAN FEES

    total $995,089 · related or exempt $995,089

  • 2c · Program service revenue: PARTICIPATION INCOME

    total $9,360 · related or exempt $9,360

  • 3 · Investment income

    total $137,559 · excluded $137,559

  • 7a · Gross sales of assets other than inventory

    other assets $715,160

  • 7b · Less cost or other basis and sales expenses

    other assets $715,160

  • 7c · Gain or loss

    other assets $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $107,755

  • 8b · Fundraising events: direct expenses

    $19,542

  • 8c · Net income from fundraising events

    total -$19,542 · excluded -$19,542

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $495,000 · program services $495,000

  • 2 · Grants to domestic individuals

    total $406,683 · program services $406,683

  • 5 · Compensation of officers, directors and key employees

    total $215,406 · program services $188,738 · management and general $17,987 · fundraising $8,681

  • 7 · Other salaries and wages

    total $3,279,301 · program services $2,629,539 · management and general $436,713 · fundraising $213,049

  • 8 · Pension plan contributions

    total $79,087 · program services $62,162 · management and general $11,854 · fundraising $5,071

  • 9 · Other employee benefits

    total $305,751 · program services $242,307 · management and general $44,365 · fundraising $19,079

  • 10 · Payroll taxes

    total $281,871 · program services $226,819 · management and general $37,327 · fundraising $17,725

  • 11b · Fees: legal

    total $2,800 · program services $2,219 · management and general $406 · fundraising $175

  • 11c · Fees: accounting

    total $123,449 · program services $97,833 · management and general $17,913 · fundraising $7,703

  • 11g · Fees: other

    total $211,047 · program services $162,671 · management and general $31,027 · fundraising $17,349

  • 12 · Advertising and promotion

    total $47,793 · program services $38,695 · management and general $6,362 · fundraising $2,736

  • 13 · Office expenses

    total $75,621 · program services $60,044 · management and general $10,526 · fundraising $5,051

  • 14 · Information technology

    total $390,457 · program services $315,251 · management and general $52,590 · fundraising $22,616

  • 16 · Occupancy

    total $644,860 · program services $511,052 · management and general $93,569 · fundraising $40,239

  • 17 · Travel

    total $5,505 · program services $4,477 · management and general $719 · fundraising $309

  • 20 · Interest

    total $877,620 · program services $877,620

  • 22 · Depreciation, depletion and amortization

    total $181,939 · program services $144,187 · management and general $26,399 · fundraising $11,353

  • 23 · Insurance

    total $37,086 · program services $29,391 · management and general $5,381 · fundraising $2,314

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $1,507,736 · program services $1,507,736

  • 24b · Other expenses: CREDIT AND COLLECTIONS

    total $569,342 · program services $552,187 · management and general $11,996 · fundraising $5,159

  • 24c · Other expenses: OTHER

    total $37,256 · program services $23,360 · management and general $10,241 · fundraising $3,655

  • 24d · Other expenses: TRAINING

    total $26,490 · program services $21,251 · management and general $3,875 · fundraising $1,364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,281,152 · end of year $5,174,585

  • 2 · Savings and temporary cash investments

    beginning of year $4,335,500 · end of year $6,833,093

  • 3 · Pledges and grants receivable

    beginning of year $590,801 · end of year $653,624

  • 7 · Other notes and loans receivable

    beginning of year $15,824,898 · end of year $15,726,224

  • 9 · Prepaid expenses and deferred charges

    beginning of year $218,796 · end of year $194,544

  • 10a · Land, buildings and equipment: cost or other basis

    $1,496,421

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,208,054

  • 10c · Land, buildings and equipment, net

    beginning of year $358,788 · end of year $288,367

  • 13 · Investments: program-related

    beginning of year $4,330,956 · end of year $4,083,341

  • 15 · Other assets

    beginning of year $3,615,812 · end of year $3,420,436

  • 17 · Accounts payable and accrued expenses

    beginning of year $364,859 · end of year $367,302

  • 19 · Deferred revenue

    beginning of year $60,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $16,576,071 · end of year $17,399,885

  • 25 · Other liabilities

    beginning of year $4,222,256 · end of year $4,382,238

  • 27 · Net assets without donor restrictions

    beginning of year $6,772,125 · end of year $7,172,606

  • 28 · Net assets with donor restrictions

    beginning of year $7,561,392 · end of year $7,052,183

Mission and programs · 2024

Mission

ALLIES FOR COMMUNITY BUSINESS IS A NONPROFIT THAT PROVIDES THE CAPITAL, COACHING, AND CONNECTIONS ENTREPRENEURS NEED TO GROW GREAT BUSINESSES THAT CREATE JOBS AND WEALTH IN THEIR COMMUNITIES.

Activities or mission (Part I)

PROVIDE CREDIT AND SERVICES TO SMALL BUSINESSES WITHOUT ACCESS TO TRADITIONAL SOURCES OF FINANCING.

  • ALLIES FOR COMMUNITY BUSINESS (A4CB) SUPPORTS SMALL BUSINESSES THAT STRENGTHEN THEIR COMMUNITIES. THEY PROVIDE THE CAPITAL, COACHING, AND CONNECTIONS ENTREPRENEURS NEED TO GROW GREAT BUSINESSES THAT CREATE JOBS AND WEALTH THEIR COMMUNITIES. AS A NONPROFIT LOCATED ON CHICAGO'S WEST SIDE, A4CB PRIORITIZES BLACK, HISPANIC/LATINX, WOMEN, AND LOW-INCOME ENTREPRENEURS THROUGHOUT THE CHICAGOLAND AREA AND BEYOND. THEY OFFER LOANS BETWEEN $500 AND $100,000 TO EARLY, EMERGING, AND ESTABLISHED BUSINESSES AT FAIR PRICES. IN ADDITION, THEY PROVIDE FREE COACHING TO ANYONE WHO WANTS TO START OR GROW A BUSINESS, AND THEY CONNECT ENTREPRENEURS TO TRUSTED PARTNERS THAT CAN HELP FURTHER.

    Expenses $8,599,222 · Grants $901,683 · Revenue $2,160,237

As filed on the 2024 return.

Listed in Part VII

  • Darlene Hightower

    CHAIR, OUTREACH

    Total calculated
    $0
    Hours/week
    2.25

  • Horacio Mendez

    TREASURER, FINANCE AND AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    2.25

  • S Michael McCracken

    CHAIR, PORTFOLIO AND CREDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2.25

  • Adrianne Spivey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Anthony Waller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Ben Bochnowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Clemente Nicado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Juan Ortiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Mariah Van Ermen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Oscar Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Shandra Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Taz George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.25

  • Brad McConnell

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $213,437
    From this org
    $207,284
    From related orgs
    $0
    Other
    $6,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,315
    Bonus
    $1,969
    Other
    $0
    Deferred
    $6,153
    Nontaxable benefits
    $0
    Filer's total
    $213,437

  • Rowan Richards

    DIRECTOR OF COACHING AND C

    Total calculated
    $178,026
    From this org
    $172,834
    From related orgs
    $0
    Other
    $5,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,204
    Bonus
    $1,630
    Other
    $0
    Deferred
    $5,192
    Nontaxable benefits
    $0
    Filer's total
    $178,026

  • Mary Tritsis

    DIRECTOR OF COMMUNITY BUSI

    Total calculated
    $183,820
    From this org
    $166,399
    From related orgs
    $0
    Other
    $17,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,769
    Bonus
    $1,630
    Other
    $0
    Deferred
    $5,192
    Nontaxable benefits
    $12,229
    Filer's total
    $183,820

  • Jill Kozeluh

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $148,414
    From this org
    $139,244
    From related orgs
    $0
    Other
    $9,170
    Hours/week
    40

  • Jennie Motto Mesterharm

    CHIEF OF STAFF

    Total calculated
    $156,939
    From this org
    $135,276
    From related orgs
    $0
    Other
    $21,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,876
    Bonus
    $1,400
    Other
    $0
    Deferred
    $4,112
    Nontaxable benefits
    $17,551
    Filer's total
    $156,939

  • Mary Riley

    DIRECTOR OF COMMUNITY RELA

    Total calculated
    $145,383
    From this org
    $135,034
    From related orgs
    $0
    Other
    $10,349
    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 · Compensation survey or study
  • 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

  • FOREFRONT

    $125,000

    TO SUPPORT THE HATCHERY PROGRAMMING

  • CROWN FAMILY PHILANTHROPIES

    $50,000

    TO SUPPORT THE HATCHERY PROGRAMMING

  • HOOK POINT FISHERIES

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • SPA IN YOUR SPACE MOBILE SPA INC

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • FATSO HARD KITCHEN LLC

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • PHILLIPE C'EST BON- POLOMBIA

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • BLDG PROJECTS

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • CHOCOLAT UZMA

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • A WARNER IDEA LLC

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • VIETFIVE LLC

    $20,000

    SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
22 July 2025
IRS schema version
2024v5.2
Source object
202522169349300622

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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