Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
54 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990; $129K paid to officers and key staff.
Joseph Mak’s $129K as CEO is at the 86th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Joseph Mak | $129,168 | $119,913 | $126,600 | $93,829 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fosters a more inclusive venture capital and entrepreneurial ecosystem.
Questions for Chicago Blend Group INC
Your first name shows with your question. Chicago Blend Group INC answers here, for everyone.
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The Chicago
Blend venture fellowship is a four-month, peer learning cohort program that prepares high-potential, aspiring venture capitalists for careers in VC, culminating in blend:talks, where graduating fellows provide insights about emerging technologies and venture capital trends to a live audience of investors.
Data
Chicago:blend produces data reports on chicago-based venture capital firms which shows diversity metrics by gender, race, and ethnicity.
Community Events
Events highlight graduates of chicago:blends fellowship program and allows them to share thought-provoking insights on the latest trends impacting venture capital.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $152K | $130K |
| Total assetsLn 16 | $152K | $130K |
| LiabilitiesLn 26 | $183 | $0 |
| Net assetsLn 32 | $152K | $130K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $129K | $50K | $48K | $31K |
| Other salaries and wagesLn 7 | $60K | $23K | $22K | $14K |
| Other employee benefitsLn 9 | $15K | $6K | $6K | $4K |
| Payroll taxesLn 10 | $16K | $6K | $6K | $4K |
| Accounting feesLn 11c | $1K | $1K | ||
| Other fees for servicesLn 11g | $6K | $3K | $2K | $550 |
| Office expensesLn 13 | $1K | $723 | $300 | |
| Information technologyLn 14 | $6K | $3K | $1K | $1K |
| TravelLn 17 | $879 | $879 | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $78K | $78K | ||
| Total functional expensesLn 25 | $315K | $171K | $89K | $55K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $293K | $315K | −$22K | $130K | 990 PDF |
| FY2023 | $418K | $350K | $69K | $152K | 990 PDF |
| FY2022 | $267K | $218K | $49K | $83K | 990 PDF |
| FY2021 | $126K | $124K | $2K | $34K | 990 PDF |
| FY2020 | $40K | $32K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $292,708 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 2 to look at
Part VIII · Statement of revenue $292,708 across 4 lines filed
Part IX · Statement of functional expenses $314,960 across 11 lines filed
Part X · Balance sheet $129,551 assets, 8 lines filed
Part XI · Reconciliation of net assets $129,551 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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