Chicagoland Entrepreneurial Center

EIN: 208411320 501(c)(3) Community Improvement

CHICAGO, IL

Total Revenue
$4,357,988
Total Expenses
$5,089,115
Total Assets
$-2,528,656
Net Assets
$-9,469,036
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IL
Principal Officer
Elizabeth Ziegler
Phone
3122390310
Tax Period
2024-07-01 to 2025-06-30

Chicagoland Entrepreneurial Center, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $5.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE CENTER PROMOTES AND GROWS CHICAGOS ENTREPRENEURIAL COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $3,668,879 Revenue: $4,357,988

THE CHICAGOLAND ENTREPRENEURIAL CENTER THE CENTER SEEKS TO MAKE A PERCEPTIBLE AND LASTING ECONOMIC IMPACT ON THE CHICAGO REGION BY HELPING ENTREPRENEURS AND HIGH GROWTH BUSINESSES BUILD VIABLE...

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THE CHICAGOLAND ENTREPRENEURIAL CENTER THE CENTER SEEKS TO MAKE A PERCEPTIBLE AND LASTING ECONOMIC IMPACT ON THE CHICAGO REGION BY HELPING ENTREPRENEURS AND HIGH GROWTH BUSINESSES BUILD VIABLE SUSTAINABLE AND PROFITABLE ENTERPRISES THROUGH ITS FLAGSHIP PROGRAM 1871. THE 1871 PROGRAM STARTED IN APRIL 2012 WITH THE OPENING OF ITS NOW 150,000 SQUARE FOOT STATE-OF-THE-ART FACILITY DESIGNATED TO SUPPORT THE FOLLOWING PURPOSES: 1 PROVIDE AFFORDABLE FLEXIBLE SPACE FOR EARLY-STAGE STARTUP COMPANIES AND ENTREPRENEURS MEMBERS WHO ARE BUILDING DIGITAL BUSINESS; 2 PROVIDE EVENTS MENTORSHIP CLASSES AND PROGRAMS THAT ARE RELEVANT TO ENTREPRENEURS BUILDING DIGITAL BUSINESS; AND 3 PROVIDE OTHER SERVICES AND SUPPORT FOR DIGITAL BUSINESSES AND THE CHICAGO STARTUP COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,422,186
Program Service Revenue $2,906,154
Investment Income $4,065
Other Revenue $25,583
TOTAL REVENUE $4,357,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,770,029
Fundraising Expenses $456,506
Program Expenses $3,668,879
Other Expenses $1,319,086
TOTAL EXPENSES $5,089,115

Year-over-Year Comparison

2024 2023 Change
Revenue $4,357,988 $5,177,332 -0.2%
Expenses $5,089,115 $8,292,057 -0.4%
Net Income $-731,127 $-3,114,725 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
52
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
51
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY EPPLEY BOARD CHAIR 0.10
Officer Director
$0 $0 $0
MICHAEL D LYMAN BOARD TREASURER 0.10
Officer Director
$0 $0 $0
TED SOUDER BOARD SECRETARY 0.10
Officer Director
$0 $0 $0
JIM O'CONNOR JR CHAIR EMERITUS 0.10
Officer Director
$0 $0 $0
SARA STAR BOARD MEMBER 0.10
Director
$0 $0 $0
TROY HENIKOFF BOARD MEMBER 0.10
Director
$0 $0 $0
LESLIE ANDERSON BOARD MEMBER 0.10
Director
$0 $0 $0
VENKAT ATLURI BOARD MEMBER 0.10
Director
$0 $0 $0
JEREMIE BACON BOARD MEMBER 0.10
Director
$0 $0 $0
CASS BAKER BOARD MEMBER 0.10
Director
$0 $0 $0
LAURIE BAUER BOARD MEMBER 0.10
Director
$0 $0 $0
BRENNA BERMAN BOARD MEMBER 0.10
Director
$0 $0 $0
STAN CHIA BOARD MEMBER 0.10
Director
$0 $0 $0
DR GARRY COOPER BOARD MEMBER 0.10
Director
$0 $0 $0
LINDA DARRAGH BOARD MEMBER 0.10
Director
$0 $0 $0
DEAN DEBIASE BOARD MEMBER 0.10
Director
$0 $0 $0
JIM DUGAN BOARD MEMBER 0.10
Director
$0 $0 $0
KAILI EMMRICH BOARD MEMBER 0.10
Director
$0 $0 $0
LAURA FERRIS ANDERSON BOARD MEMBER 0.10
Director
$0 $0 $0
SCOTT HOLLOWAY BOARD MEMBER 0.10
Director
$0 $0 $0
JOHN HOWARD BOARD MEMBER 0.10
Director
$0 $0 $0
JULIA KANOUSE BOARD MEMBER 0.10
Director
$0 $0 $0
ANDY KOFOID BOARD MEMBER 0.10
Director
$0 $0 $0
AMANDA LANNERT BOARD MEMBER 0.10
Director
$0 $0 $0
MARK LAWRENCE BOARD MEMBER 0.10
Director
$0 $0 $0
STARR MACELLO BOARD MEMBER 0.10
Director
$0 $0 $0
ROB MATLES BOARD MEMBER 0.10
Director
$0 $0 $0
SEAN MCCARTHY BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL MCMURRAY BOARD MEMBER 0.10
Director
$0 $0 $0
DORRI MCWHORTER BOARD MEMBER 0.10
Director
$0 $0 $0
SUZANNE MUCHIN BOARD MEMBER 0.10
Director
$0 $0 $0
SONIA NAGAR BOARD MEMBER 0.10
Director
$0 $0 $0
RANDY NORNES Vice President 0.10
Director
$0 $0 $0
JULIE ROTH NOVACK BOARD MEMBER 0.10
Director
$0 $0 $0
MAURA O'HARA BOARD MEMBER 0.10
Director
$0 $0 $0
TYLER PRINCE BOARD MEMBER 0.10
Director
$0 $0 $0
LINDA RAY BOARD MEMBER 0.10
Director
$0 $0 $0
MATT RENNER BOARD MEMBER 0.10
Director
$0 $0 $0
ROWAN RICHARDS BOARD MEMBER 0.10
Director
$0 $0 $0
LEE ROSENBERG BOARD MEMBER 0.10
Director
$0 $0 $0
KRISTI ROSS BOARD MEMBER 0.10
Director
$0 $0 $0
NEAL SALES-GRIFFIN BOARD MEMBER 0.10
Director
$0 $0 $0
BROOKE SCHULTZ BOARD MEMBER 0.10
Director
$0 $0 $0
JAI SHEKHAWAT BOARD MEMBER 0.10
Director
$0 $0 $0
JOE SHENTON BOARD MEMBER 0.10
Director
$0 $0 $0
MARC SHIFFMAN BOARD MEMBER 0.10
Director
$0 $0 $0
SCOTT SWANSON BOARD MEMBER 0.10
Director
$0 $0 $0
DAVE TOLMIE BOARD MEMBER 0.10
Director
$0 $0 $0
KEITH TONEY BOARD MEMBER 0.10
Director
$0 $0 $0
KEVIN WILLER BOARD MEMBER 0.10
Director
$0 $0 $0
SAM YAGAN BOARD MEMBER 0.10
Director
$0 $0 $0
ELIZABETH A ZIEGLER CEO 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,357,988 $5,089,115 $-2,528,656 $-731,127
2024 $5,177,332 $8,292,057 $18,928,335 $-3,114,725
2023 $6,228,084 $9,473,273 $20,669,325 $-3,245,189
2022 $9,008,560 $10,092,393 $6,314,355 $-1,083,833
2021 $8,140,473 $9,500,920 $5,911,149 $-1,360,447
2020 $8,900,135 $9,810,990 $8,611,880 $-910,855
2019 $8,467,645 $9,546,153 $8,479,896 $-1,078,508
2018 $9,130,325 $10,493,780 $9,698,960 $-1,363,455
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