EIN 45-3803171

Entrepreneur and Family Business Council

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
2011
Most recent tax filings
2022-06-01
NTEE code, primary
Description
CFBC exists to help family businesses and other closely held companies achieve their business goals through a unique peer support system and related educational programs that provide growth strategies for chief executives, their employees, their famil...
Also known as...
Chicago Family Business Council
Total revenues
$576,286
2022
Total expenses
$426,323
2022
Total assets
$667,585
2022
Num. employees
5
2022

Program areas at Entrepreneur and Family Business Council

THE ORGANIZATION OPERATES TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES FOR FAMILY, CLOSELY HELD, AND ENTREPRENEURIAL BUSINESS THROUGH ACTIVITIES WHICH INCLUDE BUT NOT LIMITED TO: EDUCATIONAL PROGRAMMING, PEER-TO-PEER FORUM GROUPS, ENCOURAGEMENT OF STUDENT SCHOLARSHIPS FOR INVOLVEMENT, RESEARCH IN THE FIELD OF FAMILY BUSINESS AND EMOTIONAL INTELLIGENCE.FORUMS - Forums are the heartbeat of EFBC. These groups give EFBC members a chance to share their business, family and personal experiences with one another in a confidential setting. Your forum is a place where youre not expected to have all the answers. Instead, your forum gives you the opportunity to draw on the experience and perspectives of fellow members to make the best choices for you and your business.EFBC offers forums for CEOs and business leaders, bringing a variety of entrepreneurs together in informal settings. After speaking with new members about their goals, EFBC selects forums for them that best suit their needs. Each forum is capped at nine members, and each participant comes from a different industry to create a diverse and rich set of perspectives within the group.Members that participate in a forum commit to nine meetings a year, which begin at 3 p.m. and last through dessert. Participants also attend a mandatory three-day, two-night retreat.PRESENTATION AND WORKSHOPS - Learning together is a key part of the EFBC experience. We offer a variety of educational programs throughout the year, including:Roots Curriculum: We offer educational courses under our core roots curriculum open to members and the general public. Courses are in a 2-month leadership training, 8-month team based strategic planning, execution and management course, family business 101, family meeting, and transitional preparation assessments.Powerful Speakers: EFBC regularly invites well-known business and cultural figures to share their insights at our seminars, which are open to members and the public. Past presenters include author and leadership expert Stephen R. Covey; JPMorgan Chase CEO Jamie Dimon; Diane Swonk, chief economist at Mesirow Financial; and Bill Rancic, winner of the first season of The Apprentice.Hands-On Workshops: Practical business skills are the focus at our hands-on workshops. Led by industry experts, these courses offer useful strategies you can put to work immediately in your own business. Recent topics include the art of negotiating, recruiting strategies and a primer on the 80/20 sales approach. The workshops are open to members and the public.EMOTIONAL INTELLIGENCE - Learning to handle social interactions and build relationships effectively is essential to becoming a strong manager and leader. Thats the idea behind emotional intelligence, a concept that our members use to guide their interactions in their forums and in their everyday lives.Emotional intelligence is a field of psychology that focuses on four social characteristics: self-awareness, self-management, social awareness and relationship management. Unlike IQ, which is largely hereditary, people can improve their emotional intelligence through training and practice. The benefits of improving your emotional intelligence include:Becoming more aware of your skills and talents and how to use them effectivelyIncreasing your empathy and listening skillsLearning how to analyze your options better and make the best choicesBuilding deeper, stronger relationshipsBuilding your confidence by applying what youve learned to your life successfullyEFBCs forums provide the framework that members need to develop their emotional intelligence so they can communicate effectively with fellow members, their employees and family members. Members can also participate in PdEI (Peer development for Emotional Intelligence), a training methodology created by EFBCs founder, James Liautaud. Liautaud, who has championed the concept of emotional intelligence and is a clinical professor at the University of Illinois at Chicago, runs the PDEI, PDT training at the Liautaud Institute.

Who funds Entrepreneur and Family Business Council

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bill Bass FoundationGeneral Purpose$5,000
AmazonSmile FoundationGeneral Support$94

Personnel at Entrepreneur and Family Business Council

NameTitleCompensation
Elizabeth FidanovskiExecutive Director$89,777
Patty RiouxMembership Director$0
Dave HorvathGovernance Director$0
Dave WestermanForum Director$0
Bill AngstenEducation Director$0
...and 11 more key personnel

Financials for Entrepreneur and Family Business Council

RevenuesFYE 06/2022
Total grants, contributions, etc.$69,093
Program services$545,529
Investment income and dividends$2,971
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-43,405
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,098
Total revenues$576,286

Form 990s for Entrepreneur and Family Business Council

Fiscal year endingDate received by IRSFormPDF link
2022-062023-02-13990View PDF
2021-062021-11-08990View PDF
2020-062021-05-18990View PDF
2019-062020-02-12990View PDF
2018-062019-02-21990View PDF
...and 6 more Form 990s
Data update history
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 23, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from The Bill Bass Foundation
July 8, 2022
Updated personnel
Identified 4 new personnel
September 22, 2021
Received grants
Identified 1 new grant, including a grant for $2,500 from The Bill Bass Foundation
Nonprofit Types
Professional associationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
MembershipsFundraising eventsState / local levelGala fundraisersTax deductible donations
General information
Address
1 East Jackson Blvd 7900
Chicago, IL 60604
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
myefbc.com/ 
Phone
(312) 362-7518
IRS details
EIN
45-3803171
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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