Civic Intelligence

Chicago Summer Business Institute Inc

EIN 36-3959272 • 501(c)3 • Chicago, IL

Profile

The chicago summer business institute was founded in 1991 to provide meaningful summer jobs for chicago high school students and to introduce them to the financial services sector. Positions at financial firms throughout chicago are available to student interns as well as legal, architectural, and engineering and development positions.

425 S Financial Place 27th FloorChicago, IL 60605

www.chicagobusinessinstitute.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

4.9%

Higher net margin than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

60th percentile

3.3%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

-12%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$262,501

Up $8,302 (+3.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$262,501

Up $8,302 (+3.3%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin56th percentile

Revenue

Down

$168,111

Down $23,056 (-12%) from 2023

Expenses

Down

$159,809

Down $3,260 (-2.0%) from 2023

Net Income

Down

$8,302

Down $19,796 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $194,040Liabilities 2010: $0Net Assets 2010: $194,0402010Assets 2011: $217,590Liabilities 2011: $0Net Assets 2011: $217,5902011Assets 2012: $257,811Liabilities 2012: $0Net Assets 2012: $257,8112012Assets 2013: $277,147Liabilities 2013: $0Net Assets 2013: $277,1472013Assets 2014: $260,978Liabilities 2014: $0Net Assets 2014: $260,9782014Assets 2015: $231,311Liabilities 2015: $0Net Assets 2015: $231,3112015Assets 2017: $129,699Liabilities 2017: $3,591Net Assets 2017: $126,1082017Assets 2018: $236,298Liabilities 2018: $0Net Assets 2018: $236,2982018Assets 2019: $170,756Liabilities 2019: $0Net Assets 2019: $170,7562019Assets 2020: $189,177Liabilities 2020: $0Net Assets 2020: $189,1772020Assets 2021: $234,301Liabilities 2021: $0Net Assets 2021: $234,3012021Assets 2022: $226,101Liabilities 2022: $0Net Assets 2022: $226,1012022Assets 2023: $254,199Liabilities 2023: $0Net Assets 2023: $254,1992023Assets 2024: $262,501Liabilities 2024: $0Net Assets 2024: $262,5012024

Highlighted filing

2024

Assets$262,501
Liabilities$0
Net Assets$262,501
Open 2024 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $306,6622010Expenses 2011: $250,9502011Expenses 2012: $244,0662012Revenue 2013: $286,845Expenses 2013: $267,509Net Income 2013: $19,3362013Revenue 2014: $270,001Expenses 2014: $286,170Net Income 2014: -$16,1692014Revenue 2015: $235,125Expenses 2015: $249,278Net Income 2015: -$14,1532015Revenue 2017: $232,762Expenses 2017: $222,824Net Income 2017: $9,9382017Revenue 2018: $257,447Expenses 2018: $213,300Net Income 2018: $44,1472018Revenue 2019: $176,820Expenses 2019: $242,362Net Income 2019: -$65,5422019Revenue 2020: $112,580Expenses 2020: $94,159Net Income 2020: $18,4212020Revenue 2021: $130,793Expenses 2021: $85,669Net Income 2021: $45,1242021Revenue 2022: $172,511Expenses 2022: $180,711Net Income 2022: -$8,2002022Revenue 2023: $191,167Expenses 2023: $163,069Net Income 2023: $28,0982023Revenue 2024: $168,111Expenses 2024: $159,809Net Income 2024: $8,3022024

Highlighted filing

2024

Revenue$168,111
Expenses$159,809
Net Income$8,302
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$262,501
Liabilities
$0
Net assets
$262,501
Revenue
$168,111
Expenses
$159,809
Net income
$8,302
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.00$2.63$1.68$1.60$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.00$2.54$1.91$1.63$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.00$2.26$1.73$1.81$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.00$2.34$1.31$0.86$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.00$1.89$1.13$0.94$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.00$1.71$1.77$2.42$0.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.00$2.36$2.57$2.13$0.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.04$1.26$2.33$2.23$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.00$2.31$2.35$2.49$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$2.70$2.86$0.16
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.00$2.77$2.87$2.68$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.00$2.58$2.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.00$2.18$2.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.00$1.94$3.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 17, 2025
Return Version
2024v5.2
Gross Receipts
$168,111
Mission and Program Overview

Mission

The chicago summer business institute was founded in 1991 to provide meaningful summer jobs for chicago high school students and to introduce them to the financial services sector. Positions at financial firms throughout chicago are available to student interns as well as legal, architectural, and engineering and development positions.

The chicago summer business institute was founded in 1991 to provide meaningful summer jobs for chicago high school students and to introduce them to the financial services sector. Positions at financial firms throughout chicago are available to student interns (see schedule o)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$254,199$262,501▲ $8,302
Total Assets$254,199$262,501▲ $8,302
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$159,453$172,679▲ $13,226
Net Assets With Donor Restrictions$94,746$89,822▼ $4,924
Total Net Assets Fund Balance$254,199$262,501▲ $8,302
Total Liabilities and Net Assets / Fund Balance$254,199$262,501▲ $8,302
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Alexander RorkeCo-chairperson
Elizabeth CoolidgeCo-chairperson
Anthony KinseyDirector
Brian KingDirector
Diana HamiltonDirector
Ed KurthDirector
James CarterDirector
Jennifer FredericksDirector
John MatternDirector
Jonathan McgeeDirector
Latasha ThomasDirector
Latrice BaptisteDirector
Liberty ZiegahnDirector
Michele MartelloDirector
Michele ObrienDirector
Omar DaghestaniDirector
Phoebe SeldonDirector
Ramon OrtegaDirector
Samantha CostanzoDirector
Shannon JacobsonDirector
Todd WaldropDirector
Yolanda QuintanaDirector
David NarefskySecretary
Clarence BourneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$164,610
Program Service Revenue
$0
Investment Income
$3,501
Other Revenue
$0
All Other Contributions
$164,610
Change in Net Assets
$8,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,363
Other Expenses$11,946
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,363--$140,363
Grants to Domestic Individuals$7,500--$7,500
Conferences and Meetings$6,628--$6,628
Fees for Services Accounting-$3,278-$3,278
Information Technology-$1,056-$1,056
Other Expenses$984--$984
Total Functional Expenses$155,475$4,334$0$159,809
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Co-chairpersons participate in completion, review and distribution of form 990 to all board members”

Governing documents etc available to public Part VI line 19

“Governing documents are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Chicago Summer Business Institute Inc
EIN
36-3959272
In Care Of
% CLARENCE BOURNE
Phone
3125457855
Address
425 S FINANCIAL PLACE 27TH FLOOR, CHICAGO, IL 60605

Signing Officer

Name
Clarence Bourne
Title
Treasurer
Phone
3125457855
Signed
2025-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clarence Bourne
Formed
1994
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
24

Preparer

Firm
Key Solutions LLC
Address
429 N Weber Rd Ste B 401, Romeoville, IL 60446
Preparer
Crystal Cunningham
Phone
8158860433
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

“As well as legal, architectural and engineering and development positions”

Raw XML AppendixShowing 400 of 475 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/MissionDesc0THE CHICAGO SUMMER BUSINESS INSTITUTE WAS FOUNDED IN 1991 TO PROVIDE MEANINGFUL SUMMER JOBS FOR CHICAGO HIGH SCHOOL STUDENTS AND TO INTRODUCE THEM TO THE FINANCIAL SERVICES SECTOR. POSITIONS AT FINANCIAL FIRMS THROUGHOUT CHICAGO ARE AVAILABLE TO STUDENT INTERNS (SEE SCHEDULE O)
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE CHICAGO SUMMER BUSINESS INSTITUTE AWARDS SCHOLARSHIPS TO ITS TOP 4 STUDENTS TO FURTHER THEIR ACADEMIC PURSUITS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CO-CHAIRPERSONS PARTICIPATE IN COMPLETION, REVIEW AND DISTRIBUTION OF FORM 990 TO ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS WELL AS LEGAL, ARCHITECTURAL AND ENGINEERING AND DEVELOPMENT POSITIONS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III response or note to any other line in Part III
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