Chicago Family Business Council Inc DBA Entrepreneur and Family Business Council

EIN: 453803171 501(c)(3) Community Improvement

Chicago, IL

Total Revenue
$548,614
Total Expenses
$583,142
Total Assets
$620,498
Net Assets
$556,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
ELIZABETH FIDANOVSKI
Phone
3124733826
Tax Period
2024-07-01 to 2025-06-30

Chicago Family Business Council Inc DBA Entrepreneur and Family Business Council, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $549K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

EFBC exists to help entrepreneur, family businesses, and other closely held companies achieve their business goals through a unique peer support system and related educational programs that provide growth strategies for chief executives, their employees, their families, and their businesses.

Program Service Accomplishments

Program 1
Expenses: $522,426 Revenue: $601,201

THE ORGANIZATION OPERATES TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES FOR FAMILY, CLOSELY HELD, AND ENTREPRENEURIAL BUSINESS THROUGH ACTIVITIES WHICH INCLUDE BUT NOT LIMITED TO: EDUCATIONAL...

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THE ORGANIZATION OPERATES TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES FOR FAMILY, CLOSELY HELD, AND ENTREPRENEURIAL BUSINESS THROUGH ACTIVITIES WHICH INCLUDE BUT NOT LIMITED TO: EDUCATIONAL PROGRAMMING, PEER-TO-PEER FORUM GROUPS, ENCOURAGEMENT OF STUDENT SCHOLARSHIPS FOR INVOLVEMENT, RESEARCH IN THE FIELD OF FAMILY BUSINESS AND EMOTIONAL INTELLIGENCE.FORUMS - Forums are the heartbeat of EFBC. These groups give EFBC members a chance to share their business, family and personal experiences with one another in a confidential setting. Your forum is a place where youre not expected to have all the answers. Instead, your forum gives you the opportunity to draw on the experience and perspectives of fellow members to make the best choices for you and your business.EFBC offers forums for CEOs and business leaders, bringing a variety of entrepreneurs together in informal settings. After speaking with new members about their goals, EFBC selects forums for them that best suit their needs. Each forum is capped at nine members, and each participant comes from a different industry to create a diverse and rich set of perspectives within the group.Members that participate in a forum commit to nine meetings a year, which begin at 3 p.m. and last through dessert. Participants also attend a mandatory three-day, two-night retreat.PRESENTATION AND WORKSHOPS - Learning together is a key part of the EFBC experience. We offer a variety of educational programs throughout the year, including:Roots Curriculum: We offer educational courses under our core roots curriculum open to members and the general public. Courses are in a 2-month leadership training, 8-month team based strategic planning, execution and management course, family business 101, family meeting, and transitional preparation assessments.Powerful Speakers: EFBC regularly invites well-known business and cultural figures to share their insights at our seminars, which are open to members and the public. Past presenters include author and leadership expert Stephen R. Covey; JPMorgan Chase CEO Jamie Dimon; Diane Swonk, chief economist at Mesirow Financial; and Bill Rancic, winner of the first season of The Apprentice.Hands-On Workshops: Practical business skills are the focus at our hands-on workshops. Led by industry experts, these courses offer useful strategies you can put to work immediately in your own business. Recent topics include the art of negotiating, recruiting strategies and a primer on the 80/20 sales approach. The workshops are open to members and the public.EMOTIONAL INTELLIGENCE - Learning to handle social interactions and build relationships effectively is essential to becoming a strong manager and leader. Thats the idea behind emotional intelligence, a concept that our members use to guide their interactions in their forums and in their everyday lives.Emotional intelligence is a field of psychology that focuses on four social characteristics: self-awareness, self-management, social awareness and relationship management. Unlike IQ, which is largely hereditary, people can improve their emotional intelligence through training and practice. The benefits of improving your emotional intelligence include:Becoming more aware of your skills and talents and how to use them effectivelyIncreasing your empathy and listening skillsLearning how to analyze your options better and make the best choicesBuilding deeper, stronger relationshipsBuilding your confidence by applying what youve learned to your life successfullyEFBCs forums provide the framework that members need to develop their emotional intelligence so they can communicate effectively with fellow members, their employees and family members. Members can also participate in PdEI (Peer development for Emotional Intelligence), a training methodology created by EFBCs founder, James Liautaud. Liautaud, who has championed the concept of emotional intelligence and is a clinical professor at the University of Illinois at Chicago, runs the PDEI, PDT training at the Liautaud Institute.

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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 $0
Program Service Revenue $601,201
Investment Income $18,329
Other Revenue $-70,916
TOTAL REVENUE $548,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $345,735
Fundraising Expenses $0
Program Expenses $522,426
Other Expenses $237,407
TOTAL EXPENSES $583,142

Year-over-Year Comparison

2024 2023 Change
Revenue $548,614 $578,665 -0.1%
Expenses $583,142 $578,321 +0.0%
Net Income $-34,528 $344 -101.4%
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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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
57

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
$135,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH FIDANOVSKI Executive Dir. 45.00
Officer
$135,000 $0 $135,000
DAVE HORVATH Past President 1.00
Director
$0 $0 $0
BOB CARMODY Director 1.00
Director
$0 $0 $0
BJ SLATER Director 1.00
Director
$0 $0 $0
MARCUS NEWMAN Director 1.00
Director
$0 $0 $0
JOEL SPENCER Vice President 2.00
Officer Director
$0 $0 $0
RACHEL BOSSARD Director 1.00
Director
$0 $0 $0
MICHELLE PUCH CFO 1.00
Officer Director
$0 $0 $0
MARY KOONCE OFFICER 1.00
Officer Director
$0 $0 $0
DARRIN SHILLAIR President 2.00
Officer Director
$0 $0 $0
BRUCE LEECH Director 1.00
Director
$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 $548,614 $583,142 $620,498 $-34,528
2024 $578,665 $578,321 $801,292 $344
2023 $503,370 $433,707 $751,196 $69,663
2022 $576,286 $426,323 $667,585 $149,963
2021 $594,895 $447,935 $621,865 $146,960
2020 $573,990 $628,442 $496,056 $-54,452
2019 $688,341 $695,984 $478,038 $-7,643
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