Allies For Community Business Inc

Organization Overview

Allies For Community Business Inc is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Allies For Community Business Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allies For Community Business Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Allies For Community Business Inc generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Allies For Community Business Inc has awarded 143 individual grants totaling $2,080,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALLIES FOR COMMUNITY BUSINESS PROVIDES LOANS TO COMMITTED ENTREPRENUERS WHO LACK ACCESS TO AFFORDABLE FINANCING OPTIONS. LOANS RANGE FROM $500 TO $100,000 WITH LOAN TERMS UP TO 10 YEARS. ALLIES FOR COMMUNITY BUSINESS ALSO OFFERS FREE TECHNICAL ASSISTANCE AND BUSINESS COACHING FOR SMALL AND EMERGING ENTERPRISES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,916,185
All other contributions, gifts, grants, and similar amounts not included above$8,393,943
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,310,128
Total Program Service Revenue$1,107,801
Investment income $34,649
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,452,578

Grants Awarded

Over the last fiscal year, Allies For Community Business Inc has awarded $1,900,000 in support to 134 organizations.

Grant RecipientAmount

INDUSTRIAL COUNCIL OF NEARWEST CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: "SUPPORT FOR THE HATCHERY INCUBATOR AND HATCH MADE MEALS PROGRAM

$100,000

San Antonio, TX

PURPOSE: PAYMENTS TO CDFI PARTNERS TO ASSIST A4CB REACH CLIENTS IN THEIR MARKETS

$80,000

Albuquerque, NM

PURPOSE: PAYMENTS TO CDFI PARTNERS TO ASSIST A4CB REACH CLIENTS IN THEIR MARKETS

$80,000

New York, NY

PURPOSE: PAYMENTS TO CDFI PARTNERS TO ASSIST A4CB REACH CLIENTS IN THEIR MARKETS

$80,000

ACCION OPPORTUNITY FUND INC

Org PageRecipient Profile

San Jose, CA

PURPOSE: PAYMENTS TO CDFI PARTNERS TO ASSIST A4CB REACH CLIENTS IN THEIR MARKETS

$80,000

ENGLEWOOD HARDWARE AND PAINT

PURPOSE: SUPPORT FOR NEIGHBORHOOD ENTREPRENEURS PROGRAM COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Allies For Community Business Inc has recieved totaling $438,604.

Awarding OrganizationAmount
Opportunity Finance Network

Philadelphia, PA

PURPOSE: OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG

$150,000
Great Rivers Community Tr

Zebulon, NC

PURPOSE: GENERAL SUPPORT

$71,689
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$50,000
The Christopher Family Foundation

Westmont, IL

PURPOSE: GENERAL SUPPORT

$50,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$50,000
Chicago Foundation For Women

Chicago, IL

PURPOSE: ENGLEWOOD WOMEN'S INITIATIVE

$25,000
View Grant Recipient Profile

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