Overview

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Est.

2018

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Emerald South Economic Development Collaborative is a nonprofit organization dedicated to fostering growth and equitable opportunities for residents and business owners on Chicago's South Side. With an operating budget of $2.6 million and total revenue of $814.9K for the 2024 filing year, the organization aims to attract new investments, develop the local workforce, and support inclusive housing initiatives. The organization does not appear to rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at emeraldsouth.org.

Mission Statement

TO ENSURE THAT ACCESS AND OPPORTUNITIES ARE SHARED TO BENEFIT RESIDENTs AND BUSINESS OWNERS OF CHICAGOS SOUTHSIDE. AIM TO FOSTER GROWTH, ATTRACT NEW INVESTMENT, DEVELOP OUR LOCAL WORKFORCE AND SUPPORT INCLUSIVE HOUSING.
Revenues
$814.9K
Expenses
$2.6M
Net Income:
-$1.8M
Assets
$1M
Liabilities
$32.8K
Net Assets:
+$975.9K
Operating Budget
$2.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$28.3K
Largest grant received
$500K
D
Dawveed Scully
Board Member
D
Donald McGruder
Board Member
S
Susan Sher
Board Member

Frequently Asked Questions

What is EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE’s budget?
In 2024, EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE reported an annual operating budget of around $2.6 million. More detailed financial information is available to registered users.
Where does EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE operate?
EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE is headquartered in CHICAGO, IL.
Who funded EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE recently?
In 2024, EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE received grants from CAPITAL ONE FOUNDATION INC, The Chicago Community Trust, and THE GREENLINING INSTITUTE. More information on this organization’s funders is available to registered users.
What is the largest grant EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE received in 2024?
The largest grant to EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE in 2024 exceeds $500 thousand.