Chicagoland Entrepreneurial Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,079,958 | 1,064,618 | 15,340 | 0.3 | 52% |
| 2012 | 3,886,501 | 1,851,281 | 2,035,220 | 13.3 | 27% |
| 2013 | 2,519,413 | 3,144,452 | −625,039 | 5.5 | 27% |
| 2014 | 6,201,645 | 3,556,341 | 2,645,304 | 13.8 | 27% |
| 2015 | 6,422,897 | 5,358,671 | 1,064,226 | 11.5 | 30% |
| 2016 | 7,396,770 | 7,672,318 | −275,548 | 7.4 | 27% |
| 2017 | 8,645,080 | 9,842,479 | −1,197,399 | 4.2 | 29% |
| 2018 | 9,130,325 | 10,493,780 | −1,363,455 | 2.3 | 29% |
| 2019 | 8,467,645 | 9,546,153 | −1,078,508 | 1.2 | 30% |
| 2020 | 8,900,135 | 9,810,990 | −910,855 | 0.1 | 30% |
| 2021 | 8,140,473 | 9,500,920 | −1,360,447 | -1.7 | 37% |
| 2022 | 9,008,560 | 10,092,393 | −1,083,833 | -2.8 | 39% |
| 2023 | 6,228,084 | 9,473,273 | −3,245,189 | -7.1 | 43% |
In its most recent public year (2023), this organization spent $3,245,189 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.1 months), down from 0.3 in 2011. Staff pay was 43% of spending. $500,500 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Chicagoland Entrepreneurial Center's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works