Program areas at A4CB
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.
Who funds Allies for Community Business (A4CB)
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| The Chicago Community Trust | 2023-09 | Support for Activities on the South Side of Chicago, General Operating Support, Support for Nel Program Run By Rowan Richards, Support for Neighborhood Entrepreneurship Lab (Second-Year Renewal Grant), Support for Neighborhood Entrepreneurship Lab, Support for Nel, A4cb Will Offer Revenue-Based Financing To A Diverse Set of Cook County Entrepreneurs With High Growth Potential. A4cb Will Leverage A $1M Loan Loss Reserve Grant From the Trust in Order To Deploy $5M of Loan Capital. the Loan Loss Reserve Grant Is Crucial To Offer This Type of Financing in An Economically Prudent Manner. Funding From the Searle Funds at the Chicago Community Trust., Support of the Neighborhood Entrepreneurship Lab (Nel) and Their Ongoing Grant Program Enabling Small Business Owners of Color To Build Individual and Community Wealth. | $1,496,541 |
| Opportunity Finance Network (OFN) | 2022-12 | Ofn Cdfi Tech Grant Program Supported By Google.org | $500,000 |
| Women's Business Development Center (WBDC) | 2023-06 | Business Support Organizations Providing Technical Assistance To Entreprenuers. | $332,917 |
| ...and 37 more grants received totalling $4,330,207 |
Personnel at A4CB
| Name | Title | Compensation | Date of data |
|---|
| Brad McConnell | Chief Executive Officer | $217,337 | 2024-09-22 |
| Jennie Motto Mesterharm | Chief of Staff | | 2024-09-22 |
| Isabel Velez Diez | Director of Strategy and Operations | $127,800 | 2022-01-28 |
| Marion Moore | Director of Finance and Capital Operations | $100,898 | 2024-09-22 |
| Jackie Blair | Director of Marketing and Communications | | 2024-09-22 |
| ...and 24 more key personnel |
Financials for A4CB
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $7,140,700 | $7,235,138 | -1.3% |
| Program services | $1,938,034 | $1,680,781 | 15.3% |
| Investment income and dividends | $79,460 | $77,621 | 2.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $-18,997 | $-19,071 | 0.4% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $9,139,197 | $8,974,469 | 1.8% |
Organizations like A4CB
| Organization | Type | Location | Revenue |
|---|
| TechTown | 501(c)(3) | Detroit, MI | $15,845,749 |
| Renaissance Entrepreneurship Center | 501(c)(3) | San Francisco, CA | $7,685,266 |
| Inquiring Systems | 501(c)(3) | Santa Rosa, CA | $6,271,136 |
| Accompany Capital | 501(c)(3) | New York, NY | $3,673,345 |
| Maryland Capital Enterprises | 501(c)(3) | Salisbury, MD | $4,711,871 |
| WomenVenture | 501(c)(3) | Saint Paul, MN | $3,555,294 |
| Wisconsin Womens Business Initiative Corporation (WWBIC) | 501(c)(3) | Milwaukee, WI | $9,606,906 |
| Community Enterprise Development Services | 501(c)(3) | Aurora, CO | $2,641,150 |
| Center for Women and Enterprise | 501(c)(3) | Boston, MA | $4,411,162 |
| Nashville Entrepreneur Center (EC) | 501(c)(3) | Nashville, TN | $3,275,516 |
Data update history
September 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 22, 2024
Updated personnel
Identified 9 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsFamily service centersCommunity Development Financial InstitutionsCharities
Issues
Business and industry
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 135 N Kedzie Ave
- Chicago, IL 60612
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- Cook County, IL
- Website URL
- a4cb.org/Â
- Phone
- (312) 275-3000
- Facebook page
- ACCIONChicagoÂ
- Twitter profile
- @accionchicagoÂ
IRS details
- EIN
- 36-3966573
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1994
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 624190: Individual and Family Services
- Parent/child status
- Independent
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