Emerald South Economic Development Collaborative
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Emerald South Economic Development Collaborative is a 501(c)(3) organization based in Chicago, Illinois, registered in 2021, with $1,781,955 in FY2025 revenue. CharityIndex grades it B.
4729 S Drexel Blvd, Chicago, IL, 60615 EIN 83-1478837 Since 2021
Revenue (FY2025)
$1.8M
▲ 118.7% vs prior year
Expenses (FY2025)
$1.5M
Net assets
$1.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Emerald South Economic Development Collaborative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Emerald South Economic Development Collaborative: 10 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Emerald South Economic Development Collaborative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Emerald South Economic Development Collaborative: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $2.3M (FY2021) to $1.8M (FY2025) across 5 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $74KNet assets $1.3M
Operating margin
16.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3M
Total liabilities
$74K
Net assets
$1.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $1,781,955▲119% | $1,486,857▼43.0% | $1,271,028▲30.2% | $1,345,049▲33.3% | 990 |
| 2024 | $814,915▼74.6% | $2,610,753▼0.8% | $975,930▼67.0% | $1,008,737▼66.2% | 990 |
| 2023 | $3,207,639▼37.2% | $2,631,828▼17.1% | $2,957,563▲14.6% | $2,986,656▲10.7% | 990 |
| 2022 | $5,111,552▲125% | $3,175,140▲39.4% | $2,581,752▲300% | $2,699,120▲125% | 990 |
| 2021 | $2,272,249 | $2,277,914 | $645,340 | $1,198,764 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $2.5M total
7 grants to Emerald South Economic Development Collaborative totaling $2.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $81,100 |
| The Barack Obama Foundation | Support the economic development of the south side of chicago. | 2022 | $1,000,000 |
| The Chicago Community Trust | 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 | $131,100 |
| The Chicago Community Trust | 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 | $471,100 |
| The Chicago Community Trust | 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 | $471,100 |
| The Barack Obama Foundation | Support the economic development of the south side of chicago. | 2021 | $250,000 |
| The Chicago Community Trust | To support community table, and elevated chicago green line south ehubs. | 2020 | $103,500 |
Frequently asked questions
- Is Emerald South Economic Development Collaborative a legitimate nonprofit?
- Yes. Emerald South Economic Development Collaborative is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 83-1478837, based in Chicago, Illinois. Donations are tax-deductible.
- What is Emerald South Economic Development Collaborative's EIN?
- Emerald South Economic Development Collaborative's Employer Identification Number (EIN) is 83-1478837.
- How much revenue does Emerald South Economic Development Collaborative report?
- Emerald South Economic Development Collaborative reported $1,781,955 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does Emerald South Economic Development Collaborative have?
- CharityIndex grades Emerald South Economic Development Collaborative B, based on financial health (reserves and operating margin).
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Data for Emerald South Economic Development Collaborative (EIN 83-1478837) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.