NonprofitsEmerald South Economic Development Collaborative

Emerald South Economic Development Collaborative

CHICAGO, IL

Total revenue

$815K

Total expenses

$2.6M

Net assets

$976K

Grants received

$3.3M

17 grants

EIN

831478837

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants$760K
Program service revenue$28K
Investment income$25K
Other revenue$1K
Total revenue$815K

Expenses

Grants paid
Salaries & benefits$568K
Fundraising$1K
Other expenses$2.0M
Total expenses$2.6M
Total assets$1.0M
Net assets$976K

People

21 listed

NameRoleCompensation

GHIAN FORMAN

PRESIDENT CEO

Board

$220K

40 hrs/wk

JOEL HAMERNICK

EX CO-CHAIR

Board

2 hrs/wk

MICHAEL STRAUTMANIS

CHAIRMAN

Board

2 hrs/wk

FATHER RICHARD TOLLIVER

TREASURER AND SECRETARY

Board

2 hrs/wk

REV TORREY BARRETT

DIRECTOR

Board

1 hrs/wk

MARC B BROOKS

DIRECTOR

Board

1 hrs/wk

SHAYNE EVANS

DIRECTOR

Board

1 hrs/wk

LIZ GARDNER

DIRECTOR

Board

1 hrs/wk

STEPHANIE GREEN

DIRECTOR

Board

1 hrs/wk

JACKY GRIMSHAW

DIRECTOR

Board

1 hrs/wk

CALVIN HOLMES

DIRECTOR

Board

1 hrs/wk

REV JESSEE KNOX III

DIRECTOR

Board

1 hrs/wk

PHAEDRA LESLIE

DIRECTOR

Board

1 hrs/wk

KIMBERLY LEWIS

DIRECTOR

Board

1 hrs/wk

DONALD MCGRUDER

DIRECTOR

Board

1 hrs/wk

DAWVEED SCULLY

DIRECTOR

Board

1 hrs/wk

SUSAN SHER

DIRECTOR

Board

1 hrs/wk

CORY L THAMES

DIRECTOR

Board

1 hrs/wk

HUBERT O THOMPSON

DIRECTOR

Board

1 hrs/wk

CHARISE WILLIAMS

DIRECTOR

Board

1 hrs/wk

CHARLES YOUNG

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 17 of 17

FromAmountPurposeYear
$35K
GTB TA FUNDING AWARD
2024
$28K
PARTICIPATION IN STELLAR EV WORKING GROUP TRAININGS, SUPPORT FOR NATURE NEAR TRANSIT PROGRAM, SUPPORT FOR NATURE NEAR TRANSIT PROGRAM
2024
$28K
PLANNING GRANT FOR TELLING THE STORIES OF THE BLACK METROPOLIS.
2024
$81K
General support for programs, operations and other charitable purposes
2023
$20K
FIELD FOUNDATION SPECIAL CONSIDERATION FOR FISCALLY SPONSORED BLACK METROPOLIS NATIONAL HERITAGE AREA COMMISSION
2023
$1M
SUPPORT THE ECONOMIC DEVELOPMENT OF THE SOUTH SIDE OF CHICAGO.
2022
$200K
To support community-led action
2022
$131K
General Operating Support, To support leadership of the Community Tables, community engagement around Elevated Chicago Workplan priorities and those outlined by the Table, and support collaboration of Elevated Chicago eHub partners and community stakeholders., Support for the refresh of the CCR rain garden, engagement and signage at Overton Center for Excellence - NNT., To support member organization participation in Elevated Chicago and related commitments and expenses, and to increase the racial equity capacity of the Elevated Chicago collaborative., Supporting General Operations of neighborhood organization that facilitates and promotes neighborhood investment work in their community, from the Searle funds at The Chicago Community Trust.
2022
$1K
In support of general operations
2022
$471K
Support to generate community wealth and amplify local culture through shared pride, power, and investment including through affordable housing and redevelopment of under-utilized land and real estate in the Woodlawn and Washington Park neighborhoods of Chicago.
2021
$471K
Support to generate community wealth and amplify local culture through shared pride, power, and investment including through affordable housing and redevelopment of under-utilized land and real estate in the Woodlawn and Washington Park neighborhoods of Chicago.
2021
$250K
SUPPORT THE ECONOMIC DEVELOPMENT OF THE SOUTH SIDE OF CHICAGO.
2021
$250K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2020
$104K
TO SUPPORT COMMUNITY TABLE, AND ELEVATED CHICAGO GREEN LINE SOUTH EHUBS.
2020
$20K
ABBEY MURAL PRIZE
2020
$250K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2018

Funded by

$3.3M from 10 funders · 17 grants · 2018–2024

The Chicago Community Trust

$1.3M · 5 grants · 2020–2023

The Barack Obama Foundation

$1.3M · 2 grants · 2021–2022

Jpmorgan Chase Foundation

$500K · 2 grants · 2018–2020

The Greenlining Institute

$235K · 2 grants · 2022–2024

Center For Neighborhood Technology

$28K · 1 grant · 2024

Field Foundation Of Illinois

$20K · 1 grant · 2023

National Academy Of Design

$20K · 1 grant · 2020

Details

EIN831478837
Subsection03
Ruling date2021-03
Formed2018
Employees5
EMERALD SOUTH ECONOMIC DEVELOPMENT COLLABORATIVE — Mission, Financials & Grants Received | Grantivo