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Nonprofiteer
← JOSEPH CENTER

Form 990 for tax year 2023

Filed by JOSEPH CENTER.

Totals

Total revenue
$4,258,021
Total expenses
$4,223,460
Contributions and grants received
$3,369,124
Grants paid
$667,185
Program service revenue
$887,364
Investment income
$670
Other revenue
$863
Total assets, end of year
$1,911,726
Total liabilities, end of year
$283,212
Net assets or fund balances, end of year
$1,628,514
Program services expenses (Part IX)
$3,619,865
Management and general expenses
$603,595
Fundraising expenses
$0
Program service expenses (Part III)
$3,619,865

Program services were 85.7% 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.

  • 1d · Related organizations

    $2,677,085

  • 1e · Government grants (contributions)

    $397,977

  • 1f · All other contributions, gifts and grants

    $294,062

  • 2a · Program service revenue: TUITION AND FEES

    total $860,418 · related or exempt $860,418

  • 2b · Program service revenue: BUSINESS INCUBATOR INC

    total $26,946 · related or exempt $26,946

  • 3 · Investment income

    total $670 · excluded $670

  • 5 · Royalties

    total $3,000 · excluded $3,000

  • 10a · Gross sales of inventory

    $658

  • 10b · Cost of goods sold

    $2,795

  • 10c · Net income from sales of inventory

    total -$2,137 · related or exempt -$2,137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,695 · program services $22,695

  • 2 · Grants to domestic individuals

    total $644,490 · program services $644,490

  • 5 · Compensation of officers, directors and key employees

    total $228,717 · program services $192,946 · management and general $35,771

  • 7 · Other salaries and wages

    total $1,501,214 · program services $1,266,424 · management and general $234,790

  • 8 · Pension plan contributions

    total $19,549 · program services $16,492 · management and general $3,057

  • 9 · Other employee benefits

    total $186,825 · program services $157,606 · management and general $29,219

  • 10 · Payroll taxes

    total $113,327 · program services $95,603 · management and general $17,724

  • 11c · Fees: accounting

    total $37,555 · management and general $37,555

  • 11g · Fees: other

    total $497,426 · program services $450,441 · management and general $46,985

  • 12 · Advertising and promotion

    total $19,893 · program services $6,633 · management and general $13,260

  • 13 · Office expenses

    total $87,691 · program services $60,579 · management and general $27,112

  • 14 · Information technology

    total $13,520 · program services $10,816 · management and general $2,704

  • 16 · Occupancy

    total $119,932 · program services $107,939 · management and general $11,993

  • 17 · Travel

    total $133,730 · program services $40,119 · management and general $93,611

  • 22 · Depreciation, depletion and amortization

    total $24,008 · program services $20,253 · management and general $3,755

  • 23 · Insurance

    total $14,446 · management and general $14,446

  • 24a · Other expenses: CURRICULUM EXPENSES

    total $231,592 · program services $231,592

  • 24b · Other expenses: EMPLOYEE TRAINING

    total $33,108 · program services $29,797 · management and general $3,311

  • 24c · Other expenses: GRADUATION EXPENSES

    total $17,506 · program services $17,506

  • 24d · Other expenses: STUDENT AND FACULTY MEA

    total $12,363 · management and general $12,363

  • 24e · All other expenses

    total $263,873 · program services $247,934 · management and general $15,939

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,705 · end of year $328,908

  • 2 · Savings and temporary cash investments

    beginning of year $39,059 · end of year $19,027

  • 3 · Pledges and grants receivable

    beginning of year $1,315,983 · end of year $857,977

  • 4 · Accounts receivable

    beginning of year $203,797 · end of year $503,676

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,078 · end of year $84,754

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

    $457,676

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

    $360,491

  • 10c · Land, buildings and equipment, net

    beginning of year $75,071 · end of year $97,185

  • 11 · Investments: publicly traded securities

    beginning of year $10,576 · end of year $10,323

  • 15 · Other assets

    beginning of year $17,973 · end of year $9,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $285,771 · end of year $283,212

  • 27 · Net assets without donor restrictions

    beginning of year $1,417,926 · end of year $1,466,325

  • 28 · Net assets with donor restrictions

    beginning of year $177,545 · end of year $162,189

Mission and programs · 2023

Mission

TO TEACH NEW ENTREPRENEURS THE DETAILS OF STARTING AND MANAGING A SUCCESSFUL BUSINESS.

Activities or mission (Part I)

PROVIDE PRACTICAL TEACHING, RESOURCES, AND ENVIRONMENT TO ENCOURAGE CHRISTIAN ENTREPRENEURS.

  • BUSINESS & PROFESSIONAL DEVELOPMENT: THE JOSEPH CENTER FOR BUSINESS DEVELOPMENT (JCBD) OFFERS A FULL RANGE OF PROGRAMS AND SERVICES DESIGNED TO TRAIN, NURTURE, AND SUPPORT ENTREPRENEURS IN STARTING AND RUNNING A SUCCESSFUL BUSINESS, AS WELL AS WORKERS AND PROFESSIONALS WHO ARE THE ENGINE OF THE ECONOMY. JCBD ENCOMPASSES THREE MAJOR PROGRAMS. 1. BUSINESS DEVELOPMENT PROGRAM, WHICH PROVIDES WORKSHOPS AND COURSES IN AREAS SUCH AS BUSINESS START-UP AND PLANNING, FINANCING, AND INTELLECTUAL PROPERTY, TO DEVELOP KNOWLEDGE AND UNDERSTANDING IN ORDER TO MORE EFFECTIVELY MANAGE/OPERATE THEIR BUSINESSES. 2. CONTINUING EDUCATION & PROFESSIONAL DEVELOPMENT (CEPD) WHICH OFFERS TECHNOLOGY TRAINING, CAREER DEVELOPMENT COURSES AND GENERAL EDUCATION DEVELOPMENT (GED) COURSES, ALL DESIGNED TO ASSIST ADULTS IN ACQUIRING SKILLS NECESSARY FOR CAREER ADVANCEMENT, BETTER PAYING JOBS, ETC. CEPD ALSO HOSTS AN ANNUAL JOB FAIR THAT PROVIDES OPPORTUNITIES FOR UP TO 1,000 ATTENDEES. 3. ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) AT THE JOSEPH CENTER, WHICH IS FUNDED BY THE SBA AND PROVIDES BUSINESS CONSULTING, NETWORKING OPPORTUNITIES AND TRAINING PROGRAMS TO ASSIST ENTREPRENEURS IN IMPROVING BUSINESS PERFORMANCE, PRODUCTIVITY AND PROFITABILITY.

    Expenses $1,215,620 · Grants $22,695 · Revenue $10,483

  • ENTREPRENEURSHIP PROGRAM: THE JOSEPH BUSINESS SCHOOL (JBS) IS A WORLD-CLASS INSTITUTION THAT EQUIPS ENTREPRENEURS AND INDIVIDUALS USING PRACTICAL AND BIBLICAL PRINCIPLES TO RAISE UP COMPANIES AND CREATE WEALTH TO TRANSFORM DESOLATE PLACES INTO FLOURISHING COMMUNITIES FOR THE GLORY OF GOD. JBS HAS A PERMIT OF APPROVAL BY THE STATE OF ILLINOIS, ILLINOIS BOARD OF HIGHER EDUCATION PRIVATE BUSINESS & VOCATIONAL DIVISION AND IS ACCREDITED BY THE NATIONALLY RECOGNIZED ACCREDITING COUNCIL FOR CONTINUING EDUCATION AND TRAINING (ACCET). 107 STUDENTS WERE COMPLETERS IN THE TWO, 2023 4-MONTH COHORTS ON THE CHICAGO CAMPUS IN A LIVE IN-PERSON AND LIVE INTERACTIVE WEB-BASED FEED OF EACH SATURDAY SESSION. 169 STUDENTS WERE COMPLETERS IN THE TWO, 2023 4-MONTH COHORTS ONLINE MODALITY WHERE STUDENTS HAVE ACCESS TO THE ONLINE LEARNING ENVIRONMENT 24 HOURS A DAY, 7 DAYS A WEEK

    Expenses $1,547,522 · Grants $644,490 · Revenue $849,935

  • BUSINESS INCUBATOR & OTHER: THE JOSEPH CENTER HAS A BUSINESS OFFICE CENTER TO PROVIDE SUBSTANTIALLY BELOW COST AND PROFESSIONAL BUSINESS OFFICES, A CONFERENCE CENTER AND ADMINISTRATIVE SUPPORT FOR START-UP BUSINESSES.

    Expenses $856,723 · Revenue $24,809

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Deloris Thomas

    DIRECTOR/PRESIDENT

    Total calculated
    $228,717
    From this org
    $194,387
    From related orgs
    $0
    Other
    $34,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,387
    Bonus
    $0
    Other
    $0
    Deferred
    $9,920
    Nontaxable benefits
    $24,410
    Filer's total
    $228,717

  • William Winston

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Belinda Whitfield

    DIRECTOR/SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jay Plourde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • William Walton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ernest Baker

    DIRECTOR OF FINANCE

    Total calculated
    $0
    Hours/week
    5

  • Melissa Duff Brown

    DIRECTOR OF BUSINESS SERVICES

    Total calculated
    $126,877
    From this org
    $109,600
    From related orgs
    $0
    Other
    $17,277
    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

  • 1a · Travel for companions
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE SPOUSE OF THE PRESIDENT WAS PROVIDED WITH TRAVEL AS A CONSULTANT FOR THE JOSEPH CENTER. THE TRAVEL WAS FOR A BONA-FIDE BUSINESS PURPOSE AND THEREFORE, WAS NOT TREATED AS TAXABLE COMPENSATION.

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443209349314844

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