Overview

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Est.

1975

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

990s

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2016
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2015
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2014
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AI Summary

The North Business & Industrial Council of Chicago (NORBIC) is a nonprofit organization focused on economic development in Illinois. With an operating budget of $1.2 million and total revenue of $1.3 million in 2016, NORBIC aims to promote job growth and community advancement by implementing government-sponsored programs and grants that provide professional and technical services to manufacturers in the northeast economic development region of the state. The organization does not rely on a single funder for 50% or more of its revenue. For more information, visit www.norbic.org.

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Mission Statement

To promote job growth and community advancement through the execution of government sponsored programs and grants to provide professional and technical services to manufactures located in the state of illinois' northeast economic development region.

Cause Areas

1
Economic development
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Financials

2016
Revenues
$1.3M
Expenses
$1.3M
Net Income:
-$28.4K
Assets
$914.6K
Liabilities
$969.3K
Net Assets:
-$54.7K

Financial Trends

2016
Operating Budget
$1.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Listed as revoked
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Board & Team

P
Pam McDonough
Board Member
T
Tom Hacker
Board Member
R
Ralph Keller
Board Member

Frequently Asked Questions

What is NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC’s budget?
In 2016, NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC reported an annual operating budget of around $1.2 million. More detailed financial information is available to registered users.
What causes does NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC support?
NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC supports work in Economic development.
Where does NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC operate?
NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC is headquartered in CHICAGO, IL.
What is NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC’s reliance on government grants?
NORTH BUSINESS & INDUSTRIAL COUNCIL OF CHICAGO NORBIC relied on government grants for more than 65% of their total revenue in 2016.