Allies for Community Business
Allies for Community Business
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About this organization
Mission
Our mission is to provide the capital, coaching, and collaboration entrepreneurs need to grow great businesses in their communities. Allies for Community Business believes that entrepreneurs from any background can start and grow businesses that create generational wealth for their families and communities.
About
Accion 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. Accion also offers free technical assistance and business coaching for small and emerging enterprises.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “Accion chicago, inc. (accion) is a nonprofit that helps communities grow by investing in people who build businesses and generate jobs in their neighborhoods. we provide customized capital solutions and one-on-one coaching to underserved entrepreneurs in illinois and indiana.”.
When talking about its functions, they were outlined as: “Provide credit and services to small businesses without access to traditional sources of financing.”.
- The legally reported state of operation for the non-profit is IL.
- According to the filing, the non-profit's address in 2020 is 135 N KEDZIE, CHICAGO, IL, 60612.
- The non-profit organization as of 2020 has a total of 40 employees reported on their form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,518,202.
- The organization has 12 independent voting members.
- The organization was formed in 1994.
- The organization pays $2,287,438 in salary, compensation, and benefits to its employees.
- The organization pays $295,249 in fundraising expenses.
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