North Business & Industrial Council Of Chicago Norbic
EIN: 362864028 · Chicago, IL
| Metric | Value |
|---|---|
| Total Expenses | $1.3M |
| Net Assets | $-54,676 |
Is North Business & Industrial Council Of Chicago Norbic Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Business & Industrial Council Of Chicago Norbic
North Business & Industrial Council Of Chicago Norbic (EIN: 362864028) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Business & Industrial Council Of Chicago Norbic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Business & Industrial Council Of Chicago Norbic is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-28,412 |
| Total Assets | $915K |
| Total Liabilities | $969K |
| Net Assets | $-54,676 |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 106.0% |
| Months of Reserves | 8.4 months |
Financial Health Grade: C
In 2016, North Business & Industrial Council Of Chicago Norbic reported a deficit of $28K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 106.0% (high leverage).
Financial Trends
Over 5 years of filings (2012–2016), North Business & Industrial Council Of Chicago Norbic's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -36.9% | -28.9% | +17.2% |
| 2015 | +48.2% | +22.6% | +223.2% |
| 2014 | -11.0% | -10.3% | +13.0% |
| 2013 | +43.3% | +59.9% | +13.5% |
AI Analysis Pending
AI enrichment for North Business & Industrial Council Of Chicago Norbic has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Business & Industrial Council Of Chicago Norbic with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.0%.
Frequently Asked Questions about North Business & Industrial Council Of Chicago Norbic
Is North Business & Industrial Council Of Chicago Norbic a legitimate charity?
North Business & Industrial Council Of Chicago Norbic (EIN: 362864028) is a registered tax-exempt nonprofit based in Illinois. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does North Business & Industrial Council Of Chicago Norbic spend its money?
North Business & Industrial Council Of Chicago Norbic reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to North Business & Industrial Council Of Chicago Norbic tax-deductible?
North Business & Industrial Council Of Chicago Norbic is registered as a tax-exempt nonprofit (EIN: 362864028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Business & Industrial Council Of Chicago Norbic located?
North Business & Industrial Council Of Chicago Norbic is headquartered in Chicago, Illinois and files with the IRS under EIN 362864028.
How many years of IRS 990 filings does North Business & Industrial Council Of Chicago Norbic have?
North Business & Industrial Council Of Chicago Norbic has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for North Business & Industrial Council Of Chicago Norbic showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), North Business & Industrial Council Of Chicago Norbic's revenue has grown by 19.3%, moving from $1.1M to $1.3M. Total assets increased by 385.8% over the same period, from $188K to $915K. Total functional expenses rose by 25.1%, from $1.0M to $1.3M. In its most recent filing year (2016), North Business & Industrial Council Of Chicago Norbic reported a deficit of $28K, with expenses exceeding revenue. The organization holds $969K in liabilities against $915K in assets (debt-to-asset ratio: 106.0%), resulting in net assets of $-54,676.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $1.3M | $1.3M | $915K | $969K | — | — |
| 2015 | $2.0M | $1.8M | $780K | $807K | — | View 990 |
| 2014 | $1.4M | $1.5M | $241K | $459K | — | View 990 |
| 2013 | $1.5M | $1.7M | $214K | $301K | — | View 990 |
| 2012 | $1.1M | $1.0M | $188K | $141K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $915K (revenue -36.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $780K (revenue +48.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $241K (revenue -11.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.7M, and assets of $214K (revenue +43.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Business & Industrial Council Of Chicago Norbic:
Data Sources and Methodology
This transparency report for North Business & Industrial Council Of Chicago Norbic is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.