Civic Intelligence

Veterans Business Project Inc

EIN 46-5236826 • 501(c)3 • Park Ridge, IL

Profile

Veteran business project promotes veteran small business ownership opportunities by getting military, veterans, and spouses into business. We educate active duty military, veterans, business owners, financial institutions, public and private sectors, the general public, and legislators on the necessity for pro-veteran small business ownership and accompanying, realistic federal and state business lending programs. Veteran business project then connects these groups to facilitate veterans' small business ownership.

Refreshing map…

106 S Northwest HwyPark Ridge, IL 60068

veteranbusinessproject.org

Siviq Scores

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

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

0.40x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

6th percentile

-249%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-36%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

7th percentile

-88%

Faster revenue growth than 7% of similar nonprofits.

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

Assets

Down

$460,264

Down $258,485 (-36%) from 2023

Liabilities

Up

$47,475

Up $35,090 (+283%) from 2023

Net Assets

Down

$412,789

Down $293,575 (-42%) from 2023

Revenue

Down

$118,064

Down $877,259 (-88%) from 2023

Expenses

Up

$411,639

Up $113,359 (+38%) from 2023

Net Income

Down

-$293,575

Down $990,618 (-142%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2021: $263,009Liabilities 2021: $0Net Assets 2021: $263,0092021Assets 2022: $17,321Liabilities 2022: $8,000Net Assets 2022: $9,3212022Assets 2023: $718,749Liabilities 2023: $12,385Net Assets 2023: $706,3642023Assets 2024: $460,264Liabilities 2024: $47,475Net Assets 2024: $412,7892024

Highlighted filing

2024

Assets$460,264
Liabilities$47,475
Net Assets$412,789

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2021: $353,105Expenses 2021: $91,082Net Income 2021: $262,0232021Revenue 2022: $21,282Expenses 2022: $274,970Net Income 2022: -$253,6882022Revenue 2023: $995,323Expenses 2023: $298,280Net Income 2023: $697,0432023Revenue 2024: $118,064Expenses 2024: $411,639Net Income 2024: -$293,5752024

Highlighted filing

2024

Revenue$118,064
Expenses$411,639
Net Income-$293,575

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$126,279
Mission and Program Overview

Mission

Veteran business project promotes veteran small business ownership opportunities by getting military, veterans, and spouses into business. We educate active duty military, veterans, business owners, financial institutions, public and private sectors, the general public, and legislators on the necessity for pro-veteran small business ownership and accompanying, realistic federal and state business lending programs. Veteran business project then connects these groups to facilitate veterans' small business ownership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$700,204$435,835▼ $264,369
Cash and Non-Interest-Bearing Accounts$15,500$22,061▲ $6,561
Prepaid Expenses and Deferred Charges$3,045$2,368▼ $677
Total Assets$718,749$460,264▼ $258,485
Liabilities
Accounts Payable and Accrued Expenses$12,385$47,475▲ $35,090
Total Liabilities$12,385$47,475▲ $35,090
Net Assets / Fund Balance
Net Assets With Donor Restrictions$685,600$405,000▼ $280,600
Net Assets Without Donor Restrictions$20,764$7,789▼ $12,975
Total Net Assets Fund Balance$706,364$412,789▼ $293,575
Total Liabilities and Net Assets / Fund Balance$718,749$460,264▼ $258,485
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles Lynn LowderCEOFT$72,500$72,500
Dale EisenbergChairmanFT$72,500$72,500

Board Members and Trustees

NameTitle
Dr Hope GoldbergBoard Member
Mike CklamovskiBoard Member
Stephanie BrownBoard Member
Fred ParishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$123,657
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-5,593
All Other Contributions
$108,657
Change in Net Assets
$-293,575

Audited Revenue Reconciliation

Revenue per Audited Statements
$118,064
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$70,333
Total Revenue per Audited Statements
$188,397
Total Revenue per Form 990
$118,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$235,317
Other Expenses$176,322
Total Fundraising Expense$32,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$134,270$5,720$5,010$145,000
Fees for Services Other$57,867$11,523$14,655$84,045
Other Salaries and Wages$63,155$6,990$2,355$72,500
Fees for Services Accounting-$29,039-$29,039
Travel$6,033$13,733$2,894$22,660
Payroll Taxes$16,332$950$535$17,817
Office Expenses$8,224$3,568$1,999$13,791
Conferences and Meetings$6,000$2,000$225$8,225
Insurance-$6,264-$6,264
Advertising-$598$4,562$5,160
Other Expenses$3,720--$3,720
Occupancy$756$1,934-$2,690
Interest-$728-$728
Total Functional Expenses$296,357$83,047$32,235$411,639

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$481,972
Expenses per Audited Statements$411,639
Total Expenses per Form 990$411,639
Expenses Not Reported on Form 990$70,333
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,215
Fundraising Gross Income$2,622
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Valor to Venture$17,622$2,622$2,215$407
Total Events$17,622$2,622$8,215$-5,593
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
Audit committee
Yes
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, Part VI, Section B, Line 11B

The 990 is reviewed with the board president and the finance committee in detail. Once accepted, it is forwarded for discussion and acceptance at the subsequent board meeting.

Form 990, Part VI, Section C, Line 19

AVAILABLE BY REQUEST.

Filing and Contact Details

Filer

Filer Name
Veteran Business Project Inc
EIN
46-5236826
Phone
8003835150
Address
106 S NORTHWEST HWY, PARK RIDGE, IL 60068

Signing Officer

Name
Charles Lynn Lowder
Title
CEO
Phone
8003835150
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Lynn Lowder
Formed
2013
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
8

Preparer

Firm
Hawkins Ash Cpas Llp
Address
520 N BROADWAY SUITE 250, GREEN BAY, WI 54303
Preparer
Briana Peters CPA
Phone
9203369850
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contacted services: program service expenses 57,867. Management and general expenses 11,523. Fundraising expenses 14,655. Total expenses 84,045.

Form 990, Part XII, Line 2C

There has been no changes in the process from the prior year.

Financial Statement Notes

PART X, LINE 2:

U.s. Gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the organization and has concluded that as of december 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions, however, there are currently no audits in progress for any tax period. The organization will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special events expense 8,215.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expense 8,215.

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

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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt062118
IRS990ScheduleD/DonatedServicesUseFcltsAmt062118
IRS990ScheduleD/ExpensesNotReportedAmt070333
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0411639
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt08215
IRS990ScheduleD/OtherRevenueAmt08215
IRS990ScheduleD/RevenueNotReportedAmt070333
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0118064
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIOD. THE ORGANIZATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS EXPENSE 8,215.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS EXPENSE 8,215.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0411639
IRS990ScheduleD/TotalRevenuePerForm990Amt0118064
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0188397
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0481972
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt015000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt015000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08215
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VALOR TO VENTURE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt06000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt06000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017622
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt017622
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt02622
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt02622
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-5593
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02215
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02215
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED WITH THE BOARD PRESIDENT AND THE FINANCE COMMITTEE IN DETAIL. ONCE ACCEPTED, IT IS FORWARDED FOR DISCUSSION AND ACCEPTANCE AT THE SUBSEQUENT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTACTED SERVICES: PROGRAM SERVICE EXPENSES 57,867. MANAGEMENT AND GENERAL EXPENSES 11,523. FUNDRAISING EXPENSES 14,655. TOTAL EXPENSES 84,045.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0718749
IRS990/TotalAssetsEOYAmt0460264
IRS990/TotalAssetsGrp/BOYAmt0718749
IRS990/TotalAssetsGrp/EOYAmt0460264
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0123657
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032235
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083047
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0296357
IRS990/TotalFunctionalExpensesGrp/TotalAmt0411639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012385
IRS990/TotalLiabilitiesEOYAmt047475
IRS990/TotalLiabilitiesGrp/BOYAmt012385
IRS990/TotalLiabilitiesGrp/EOYAmt047475
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0706364
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0412789
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0296357
IRS990/TotalReportableCompFromOrgAmt0145000
IRS990/TotalRevenueGrp/ExclusionAmt0-5593
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0118064
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0718749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0460264
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt02894
IRS990/TravelGrp/ManagementAndGeneralAmt013733
IRS990/TravelGrp/ProgramServicesAmt06033
IRS990/TravelGrp/TotalAmt022660
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0106 S NORTHWEST HWY
IRS990/USAddress/CityNm0PARK RIDGE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060068
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0VETERANBUSINESSPROJECT.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES LYNN LOWDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08003835150
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VETERAN BUSINESS PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0VETE
ReturnHeader/Filer/EIN0465236826
ReturnHeader/Filer/PhoneNum08003835150
ReturnHeader/Filer/USAddress/AddressLine1Txt0106 S NORTHWEST HWY
ReturnHeader/Filer/USAddress/CityNm0PARK RIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060068
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390912608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAWKINS ASH CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 N BROADWAY SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREEN BAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054303
ReturnHeader/PreparerPersonGrp/PhoneNum09203369850
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIANA PETERS CPA
ReturnHeader/ReturnTs02025-11-10T08:59:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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