2023-11-13T15:59:56-06:00 2022-12-31 362239746 SASSETTI LLC 2107 SWIFT DRIVE SUITE 210 OAK BROOK IL 60523 990 2022-01-01 814786875 CHICAGO'S SUNSHINE ENTERPRISES INC CHIC 3128680040 503 E 61ST STREET CHICAGO IL 60637 BARNETT J STEWART EXECUTIVE DIRECTOR 3128680040 2023-11-13 1 BARNETT STEWART XXX-XX-XXXX 0 JEFF SCHROEDER P01245303 7083861433 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARNETT J STEWART 503 E 61ST STREET CHICAGO IL 60637 9289870 0 X WWW.SUNSHINEENTERPRISES.COM X 2016 IL TO EMPOWER LOCAL ENTREPRENEURS IN UNDER-RESOURCED COMMUNITIES. 11 10 55 30 0 0 1632829 2129820 112060 7082531 0 74990 20984 2529 1765873 9289870 40766 43699 0 0 1111670 1300758 0 0 150055 623350 721210 1775786 2065667 -9913 7224203 958780 8258943 73450 149410 885330 8109533 X CHICAGO'S SUNSHINE ENTERPRISES, INC. EXISTS TO EMPOWER LOCAL ENTREPRENEURS IN UNDER-RESOURCED COMMUNITIES TO GROW THEIR BUSINESSES AND TRANSFORM THEIR COMMUNITIES. 0 0 601137 43698 9830 BUSINESS ACCELERATOR SERVICES (BAS) - PROVIDE ONE-ON-ONE BUSINESS COACHING AND MENTORING TO DEVELOP AND IMPLEMENT STRATEGIC ACTION PLAN. SUPPLEMENTED WITH WORKSHOPS, PITCH COMPETITIONS, ACCESS TO CAPITAL, PROCUREMENT AND OFFICE OPPORTUNITIES. 968644 14725 THE COMMUNITY BUSINESS ACADEMY (CBA) - TWELVE-SESSION (36-HOUR) COURSE IN BASIC BUSINESS PLANNING AND MANAGEMENT. INCLUDES TRAINING ON FINANCIALS, CREDIT, MARKETING, NEGOTIATIONS, LEGAL AND MORE. 120086 THE NEXT LEVEL EXCHANGE IS A 12-MONTH, COHORT-BASED SMALL BUSINESS DEVELOPMENT PROGRAM DESIGNED TO HELP BUSINESS OWNERS BUILD THE CAPACITY OF THEIR ENTERPRISE. THE PURPOSE OF THE PROGRAM IS TO SUPPORT THE GROWTH OF OWNER-OPERATED BUSINESSES AND CREATE ECONOMIC OPPORTUNITY IN UNDERSERVED COMMUNITIES. 0 7057976 AFFORDABLE HOUSING PARTNERSHIP. DURING 2022, THE ORGANIZATION ENTERED INTO AGREEMENTS WITH THE DEVELOPERS OF THE PARK STATION LOFTS (PARK STATION), AN UNRELATED THIRD PARTY, TO SERVE AS THE NONPROFIT SPONSOR FOR AN AFFORDABLE HOUSING DEVELOPMENT PROJECT. AS PART OF THIS PROJECT, THE ORGANIZATION RECEIVED TAX CREDITS AND AFFORDABLE HOUSING INCENTIVES THAT IT THEN TRANSFERRED TO 63RD MARYLAND, LLC, THE OWNER OF PARK STATION, IN THE FORM OF LONG-TERM NOTES RECEIVABLE. THE PRINCIPAL AMOUNTS OF THE NOTES SHALL BE PAID UPON THE EARLIER OF THE MATURITY DATE OF JULY 31, 2055, OR THE SALE OR TRANSFER OF THE PROPERTY TO AN ENTITY WHICH IS NOT AN AFFILIATE OF THE BORROWER. 0 7057976 1689867 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 55 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X BJ STEWART 3128680040 503 E 61ST STREET CHICAGO IL 60637 RENDER DAHIYA PRESIDENT 1.00 X X 0 0 0 ANDREW FOLLETT SECRETARY 1.00 X X 0 0 0 STAN BARNETT TREASURER 1.00 X X 0 0 0 JONATHAN WEBB TRUSTEE 1.00 X 0 0 0 CAPRICE LINDSAY TRUSTEE 1.00 X 0 0 0 LAMELL MCMORRIS TRUSTEE 1.00 X 0 0 0 BJ STEWART EXECUTIVE DIRECTOR 40.00 X X 89365 0 0 ADRIAN TALBOTT TRUSTEE 1.00 X 0 0 0 DONNA GAINES TRUSTEE 1.00 X 0 0 0 KEYONN POPE TRUSTEE 1.00 X 0 0 0 ETHAN DALY TRUSTEE 1.00 X 0 0 0 89365 0 0 0 0 0 0 0 137684 1992136 2129820 AFFORDABLE HOUSING PAR 900099 7057976 7057976 COMMUNITY BUSINESS ACA 900099 14725 14725 INNOVATION CENTER 900099 9830 9830 7082531 74990 74990 MISCELLANEOUS 900099 2529 2529 2529 9289870 7082531 0 77519 37579 37579 6120 6120 89365 69995 11291 8079 1088561 852608 137539 98414 30814 24425 3998 2391 92018 72105 11624 8289 12390 12390 143922 109683 21644 12595 15822 15822 93509 84387 5893 3229 43755 36162 4435 3158 55982 43870 7074 5038 585 196 389 12755 12755 11349 8894 1434 1021 MENTORING 186838 186838 ADMINISTRATIVE SUPPORT 60000 47019 7582 5399 DEVELOPMENT/NEXT LEVEL 54751 53297 1454 TRAINING 11474 11474 18078 16638 841 599 2065667 1689867 225745 150055 244017 684315 658196 314945 48645 173269 7076208 6394 10206 1528 0 958780 8258943 73450 149410 73450 149410 X 652701 7644047 232629 465486 885330 8109533 958780 8258943 7224203 0 X X 0 1 X 1 0 X 927306 1050645 1783428 1632829 2129820 7524028 927306 1050645 1783428 1632829 2129820 7524028 2031285 5492743 74990 74990 14431 8373 6075 20984 2529 52392 7651410 7420981 0.71790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 9289870 0 9289870 0 9289870 2065667 0 2065667 0 2065667 PART X, LINE 2: PY THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT IT DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES; THUS, NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED FOR IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 0 COMMUNITY MICRO EQUITY GRANTS 7 6120 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW AND APPROVE OF THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THIS IS MONITORED THROUGH BOARD/STAFF ORIENTATIONS, AND ON-GOING COMPLIANCE AND SUPERVISION MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE IN THE AUDIT OVERSIGHT PROCESS FROM THE PRIOR YEAR.