2024-11-15T13:30:47-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-01-01 364175789 THE JOSEPH CENTER JOSE 7086976200 7600 ROOSEVELT ROAD FOREST PARK IL 60130 ERNEST BAKER DIRECTOR OF FINANCE 7086976200 2024-11-12 1 1 DAVID LOWENTHAL P00378651 3122071040 2024-11-12 2023 2024-10-15 13:58:12Z DELORIS THOMAS 7600 ROOSEVELT ROAD FOREST PARK IL 60130 4260816 0 X WWW.JOSEPHCENTER.COM X 1997 IL PROVIDE PRACTICAL TEACHING, RESOURCES, AND ENVIRONMENT TO ENCOURAGE CHRISTIAN ENTREPRENEURS. 5 4 23 50 0 0 3795860 3369124 156191 887364 -166 670 -1369 863 3950516 4258021 34932 667185 0 0 1767620 2049632 0 0 0 1168186 1506643 2970738 4223460 979778 34561 1881242 1911726 285771 283212 1595471 1628514 X TO TEACH NEW ENTREPRENEURS THE DETAILS OF STARTING AND MANAGING A SUCCESSFUL BUSINESS. 0 0 1215620 22695 10483 BUSINESS & PROFESSIONAL DEVELOPMENT: THE JOSEPH CENTER FOR BUSINESS DEVELOPMENT (JCBD) OFFERS A FULL RANGE OF PROGRAMS AND SERVICES DESIGNED TO TRAIN, NURTURE, AND SUPPORT ENTREPRENEURS IN STARTING AND RUNNING A SUCCESSFUL BUSINESS, AS WELL AS WORKERS AND PROFESSIONALS WHO ARE THE ENGINE OF THE ECONOMY. JCBD ENCOMPASSES THREE MAJOR PROGRAMS. 1. BUSINESS DEVELOPMENT PROGRAM, WHICH PROVIDES WORKSHOPS AND COURSES IN AREAS SUCH AS BUSINESS START-UP AND PLANNING, FINANCING, AND INTELLECTUAL PROPERTY, TO DEVELOP KNOWLEDGE AND UNDERSTANDING IN ORDER TO MORE EFFECTIVELY MANAGE/OPERATE THEIR BUSINESSES. 2. CONTINUING EDUCATION & PROFESSIONAL DEVELOPMENT (CEPD) WHICH OFFERS TECHNOLOGY TRAINING, CAREER DEVELOPMENT COURSES AND GENERAL EDUCATION DEVELOPMENT (GED) COURSES, ALL DESIGNED TO ASSIST ADULTS IN ACQUIRING SKILLS NECESSARY FOR CAREER ADVANCEMENT, BETTER PAYING JOBS, ETC. CEPD ALSO HOSTS AN ANNUAL JOB FAIR THAT PROVIDES OPPORTUNITIES FOR UP TO 1,000 ATTENDEES. 3. ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) AT THE JOSEPH CENTER, WHICH IS FUNDED BY THE SBA AND PROVIDES BUSINESS CONSULTING, NETWORKING OPPORTUNITIES AND TRAINING PROGRAMS TO ASSIST ENTREPRENEURS IN IMPROVING BUSINESS PERFORMANCE, PRODUCTIVITY AND PROFITABILITY. 1547522 644490 849935 ENTREPRENEURSHIP PROGRAM: THE JOSEPH BUSINESS SCHOOL (JBS) IS A WORLD-CLASS INSTITUTION THAT EQUIPS ENTREPRENEURS AND INDIVIDUALS USING PRACTICAL AND BIBLICAL PRINCIPLES TO RAISE UP COMPANIES AND CREATE WEALTH TO TRANSFORM DESOLATE PLACES INTO FLOURISHING COMMUNITIES FOR THE GLORY OF GOD. JBS HAS A PERMIT OF APPROVAL BY THE STATE OF ILLINOIS, ILLINOIS BOARD OF HIGHER EDUCATION PRIVATE BUSINESS & VOCATIONAL DIVISION AND IS ACCREDITED BY THE NATIONALLY RECOGNIZED ACCREDITING COUNCIL FOR CONTINUING EDUCATION AND TRAINING (ACCET). 107 STUDENTS WERE COMPLETERS IN THE TWO, 2023 4-MONTH COHORTS ON THE CHICAGO CAMPUS IN A LIVE IN-PERSON AND LIVE INTERACTIVE WEB-BASED FEED OF EACH SATURDAY SESSION. 169 STUDENTS WERE COMPLETERS IN THE TWO, 2023 4-MONTH COHORTS ONLINE MODALITY WHERE STUDENTS HAVE ACCESS TO THE ONLINE LEARNING ENVIRONMENT 24 HOURS A DAY, 7 DAYS A WEEK 856723 24809 BUSINESS INCUBATOR & OTHER: THE JOSEPH CENTER HAS A BUSINESS OFFICE CENTER TO PROVIDE SUBSTANTIALLY BELOW COST AND PROFESSIONAL BUSINESS OFFICES, A CONFERENCE CENTER AND ADMINISTRATIVE SUPPORT FOR START-UP BUSINESSES. 3619865 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 91 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X ERNEST BAKER 7086975020 7600 ROOSEVELT ROAD FOREST PARK IL 60130 DELORIS THOMAS DIRECTOR/PRESIDENT 40.00 0.00 X X 194387 0 34330 WILLIAM WINSTON DIRECTOR/CHAIR 8.00 0.00 X X 0 0 0 BELINDA WHITFIELD DIRECTOR/SECRETARY & TREASURER 5.00 0.00 X X 0 0 0 JAY PLOURDE DIRECTOR 5.00 0.00 X 0 0 0 WILLIAM WALTON DIRECTOR 5.00 0.00 X 0 0 0 ERNEST BAKER DIRECTOR OF FINANCE 5.00 0.00 X 0 0 0 MELISSA DUFF BROWN DIRECTOR OF BUSINESS SERVICES 40.00 0.00 X 109600 0 17277 303987 0 51607 2 0 1 0 0 2677085 397977 294062 3369124 TUITION AND FEES 900099 860418 860418 BUSINESS INCUBATOR INC 900099 26946 26946 887364 670 670 3000 3000 658 2795 -2137 -2137 4258021 885227 0 3670 X 22695 22695 644490 644490 228717 192946 35771 1501214 1266424 234790 19549 16492 3057 186825 157606 29219 113327 95603 17724 37555 37555 497426 450441 46985 19893 6633 13260 87691 60579 27112 13520 10816 2704 119932 107939 11993 133730 40119 93611 24008 20253 3755 14446 14446 CURRICULUM EXPENSES 231592 231592 EMPLOYEE TRAINING 33108 29797 3311 GRADUATION EXPENSES 17506 17506 STUDENT AND FACULTY MEA 12363 12363 263873 247934 15939 4223460 3619865 603595 0 114705 328908 39059 19027 1315983 857977 203797 503676 104078 84754 457676 360491 75071 97185 10576 10323 17973 9876 1881242 1911726 285771 283212 285771 283212 X 1417926 1466325 177545 162189 1595471 1628514 1881242 1911726 34561 -1518 0 X 0 1 X 1 0 X 1667551 1946303 1942290 3795860 3369124 12721128 1667551 1946303 1942290 3795860 3369124 12721128 12721128 1558 3835 3282 2834 3670 15179 12736307 1954154 0.99880 0.99890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 457676 360491 97185 97185 4297537 -1518 682729 -644490 36721 4260816 -2795 -2795 4258021 4264494 682729 2795 685524 3578970 644490 644490 4223460 PART XI, LINE 2D - OTHER ADJUSTMENTS: DISCOUNTS AND SCHOLARSHIP ALLOWANCES NETTED WITH TUITION -644,490. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,795. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,795. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCOUNTS AND SCHOLARSHIP ALLOWANCES NETTED WITH TUITION 644,490. 1 1 0 SCHOLARSHIP ASSISTANCE 189 0 644490 BOOK (CALCULATED AS DISCOUNT TO TUITION) DISCOUNTED TUITION BASED ON DEMONSTRATED NEED PART I, LINE 2: SCHOLARSHIP ASSISTANCE - GENERALLY, AWARDS ARE BASED ON FINANCIAL NEED. HOWEVER, IN 2023 THE ORGANIZATION RECEIVED CONTRIBUTIONS TO COVER TUITION FOR ALL ENROLLEES IN FULL. AWARDS ARE SOLELY FOR CLASSES OFFERED INTERNALLY AT THE JOSEPH BUSINESS SCHOOL AND ARE IN THE FORM OF DISCOUNTS TO TUITION AND NOT CASH. X 0 0 X X X 0 0 0 0 0 0 0 0 0 DELORIS THOMAS DIRECTOR/PRESIDENT 194387 0 0 0 0 0 9920 0 24410 0 228717 0 0 0 PART I, LINE 1A THE SPOUSE OF THE PRESIDENT WAS PROVIDED WITH TRAVEL AS A CONSULTANT FOR THE JOSEPH CENTER. THE TRAVEL WAS FOR A BONA-FIDE BUSINESS PURPOSE AND THEREFORE, WAS NOT TREATED AS TAXABLE COMPENSATION. RAYMOND THOMAS SPOUSE OF PRESIDENT, DELORIS THOMAS 63014 EMPLOYEE COMPENSATION 0 FORM 990, PART VI, SECTION B, LINE 11B THE JOSEPH CENTER'S FORM 990 IS PREPARED AND REVIEWED BY AN EXTERNAL CPA FIRM. ONCE REVIEWED BY THE DIRECTOR OF FINANCE, A COPY IS PROVIDED TO THE GOVERNING BODY BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH ANNUAL EMPLOYEE REVIEWS, EMPLOYEE ORIENTATION AND EVALUATION. BOTH BOARD MEMBERS AND OFFICERS SIGN THE ANNUAL STATEMENTS WHICH ARE REVIEWED BY THE TREASURER. IF A CONFLICT WERE TO ARISE, THE INTERESTED PERSON WOULD ABSTAIN FROM DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT CONSISTS OF USING INDEPENDENT COMPARABLE DATA FROM OUTSIDE SOURCES SUCH AS COMPENSATION SURVEYS AND SALARY GUIDES. COMPENSATION IS APPROVED BY THE BOARD. THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS. THEREFORE THE QUESTION ON FORM 990, PART VI, LINE 15B WAS ANSWERED NO IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL CONSULTING: PROGRAM SERVICE EXPENSES 450,441. MANAGEMENT AND GENERAL EXPENSES 46,985. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 497,426. FORM 990, PART IX, COLUMN D, FUNDRAISING EXPENSES: THE ORGANIZATION RECEIVES RECURRING CONTRIBUTIONS FROM UNRELATED ORGANIZATIONS AND GOVERNMENT ENTITIES FOR ITS SUPPORT AND DOES NOT INCUR SEPARATE FUNDRAISING COSTS.