EIN 36-3312341

Industrial Council of Nearwest Chicago

IRS 501(c) type
501(c)(3)
Num. employees
43
Year formed
1984
Most recent tax filings
2022-12-01
NTEE code, primary
Description
"Industrial Council of Nearwest Chicago strengthens companies in the Kinzie Industrial Corridor and facilitates economic and community development by providing services and incubator space. They provide business retention services to companies in the Nearwest side, as well as offer training opportunities for low-income residents of Chicago, such as culinary trainings and computer training. Their programs also include renting space to tenants and providing business development services.".
Also known as...
Kinzie Industrial Development Corporation
Total revenues
$8,831,961
2022
Total expenses
$8,780,452
2022
Total assets
$34,041,028
2022
Num. employees
43
2022

Program areas at Industrial Council of Nearwest Chicago

Rent space to tenants and provide business development services.
Provide business retention services to companies in the Nearwest side and in the incubator to strengthen business and retain jobs. Provide training to low-income residents of Chicago (including culinary trainings and computer training).

Who funds Industrial Council of Nearwest Chicago

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Builders Initiative FoundationTo Support the Implementation Costs of the Hatchery/pepsico Industry Training Program$130,000
Chicago Foundation for WomenCareer Pathway in EMT Training Program$25,000
The Blackbaud Giving FundGeneral Support$10,000
...and 1 more grant received

Personnel at Industrial Council of Nearwest Chicago

NameTitleCompensation
Priscilla TorrenceChief Workforce Development Officer$102,544
Natalie ShmulikChief Strategy and Incubation Officer$140,688
Robert ClimackChief Facilities Officer$100,642
Steve DebrettoExecutive Director$180,370
Everett BellVice Treasurer / Vice Treasur / Vice President / Treasurer$0
...and 13 more key personnel

Financials for Industrial Council of Nearwest Chicago

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,281,565
Program services$6,498,028
Investment income and dividends$11,543
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$40,825
Total revenues$8,831,961

Form 990s for Industrial Council of Nearwest Chicago

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-11990View PDF
2020-122021-05-24990View PDF
2019-122021-01-21990View PDF
2018-122019-08-09990View PDF
...and 9 more Form 990s
Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 4 new personnel
December 28, 2023
Received grants
Identified 2 new grant, including a grant for $130,000 from Builders Initiative Foundation
December 27, 2023
Used new vendors
Identified 1 new vendor, including
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsCommunity service nonprofitsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donations
General information
Address
320 N Damen Ave 1st Floor
Chicago, IL 60612
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
industrialcouncil.com/ 
Phone
(312) 421-3941
IRS details
EIN
36-3312341
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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