Illinois Utilities Business Diversity Council Inc

Organization Overview

Illinois Utilities Business Diversity Council Inc is located in Flossmoor, IL. The organization was established in 2018. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Utilities Business Diversity Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Illinois Utilities Business Diversity Council Inc generated $225.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $170.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE THE EFFECTIVENESS OF BUSINESS DIVERSITY INITIATIVES AMONG OUR RESPECTIVE UTILITY COMPANIES, AND TO ENCOURAGE DIVERSE BUSINESSES TO FORGE EFFECTIVE WORKING RELATIONSHIPS WITH UTILITIES TO HELP DEVELOP A STRONG ECONOMY AND A PRODUCTIVE ENVIRONMENT FOR GROWTH AND ACCESS TO DIVERSE BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PLEASE SEE ATTACHED.


PLEASE SEE ATTACHED.


PLEASE SEE ATTACHED.


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Board, Officers & Key Employees

Name (title)Compensation
James Monk
Secretary
$2,000
John Hudson
Chairman
$0
Richard Mark
Director
$0
Gil Quiniones
Director
$0
Justin Ladner
Director
$0
Charles Matthews
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$225,000
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$225,000
Total Program Service Revenue$0
Investment income $0
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 $225,000

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