Nonprofit · EIN 35-2372805
CHI ISHOBAK INC
Tax-exempt · DOWAGIAC, MI 49047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,358,827 | $813,746 | $2,545,081 | $15,319,782 | $1,374,741 | $13,945,041 |
| December 31, 2023 | 990 | $4,106,888 | $671,770 | $3,435,118 | $13,031,042 | $1,640,712 | $11,390,330 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,680,744
- of which government grants
- $1,613,817
- Program service revenue
- $602,298
- Investment income
- $75,785
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $18,723
- Compensation of officers, directors and key employees
- $164,003
- Other salaries and wages
- $107,992
- Salaries, compensation and benefits (total)
- $343,950
- Professional fundraising fees
- $0
- Legal fees
- $10,431
- Accounting fees
- $23,658
- Occupancy
- $15,107
- Travel
- $8,723
- Program services (functional)
- $708,828
- Management and general (functional)
- $95,151
- Fundraising (functional)
- $9,767
Balance sheet and other
- Total assets, start of year
- $13,031,042
- Total assets, end of year
- $15,319,782
- Total liabilities, end of year
- $1,374,741
- Net assets, end of year
- $13,945,041
- Land, buildings and equipment
- $160,337
- Publicly traded securities
- $1,586,366
- Net assets without donor restrictions
- $13,358,262
- Net assets with donor restrictions
- $586,779
- Gross receipts
- $3,358,827
- Employees
- 3
- Year formed
- 2009
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEAN WINTERS | EXECUTIVE DI Trustee or director, Officer | 40 | $164,003 | $32,461 |
| BRUCE MOLNAR | CHAIR Trustee or director, Officer | 1 | $1,750 | $0 |
| JOSEPH SILVIA | SECRETARY/TR Trustee or director, Officer | 1 | $1,750 | $0 |
| LINDA COOK | DIRECTOR Trustee or director | 1 | $1,750 | $0 |
| JEREMY TRUITT | DIRECTOR Trustee or director | 1 | $1,750 | $0 |
| BRANDON RAPP | DIRECTOR Trustee or director | 1 | $1,500 | $0 |
| JOSEPH RILEY II | DIRECTOR Trustee or director | 1 | $1,250 | $0 |
| TONY DAY | DIRECTOR Trustee or director | 1 | $1,000 | $0 |
| ALICIA FALCON | DIRECTOR Trustee or director | 1 | $750 | $0 |
| TROLAND CLAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEAN WINTERS | EXECUTIVE DI Trustee or director, Officer | 40 | $147,565 | $4,427 |
| JOSEPH SILVIA | SECRETARY/TR Trustee or director, Officer | 2 | $1,500 | $0 |
| BRANDON RAPP | DIRECTOR Trustee or director | 2 | $1,500 | $0 |
| BRUCE MOLNAR | CHAIR Trustee or director, Officer | 2 | $1,250 | $0 |
| LINDA COOK | DIRECTOR Trustee or director | 2 | $1,250 | $0 |
| JOSEPH RILEY II | DIRECTOR Trustee or director | 2 | $1,250 | $0 |
| JEREMY TRUITT | DIRECTOR Trustee or director | 2 | $1,250 | $0 |
| TROLAND CLAY | DIRECTOR Trustee or director | 2 | $1,000 | $0 |
| ALICIA FALCON | DIRECTOR Trustee or director | 2 | $1,000 | $0 |
| TONY DAY | DIRECTOR Trustee or director | 2 | $1,000 | $0 |
Address and contacts
- Address (IRS master file)
- 103 S FRONT STREET, DOWAGIAC, MI 49047-0000
- In care of
- % ALAN FRICKE
- Principal officer (990 for 2024)
- BRUCE MOLNAR
- Signed the 990
- BRUCE MOLNAR, CHAIR
- Phone
- (269) 783-4157
- Website
- WWW.CHIISHOBAK.ORG
- Return prepared by
- JASON F CLAUSEN PC
Mission
IT IS THE MISSION OF CHI ISHOBAK TO PROVIDE TRIBAL CITIZENS WITH ACCESS TO AFFORDABLE CAPITAL FOR THE PURPOSE OF BUSINESS LOANS AND INDIVIDUAL FINANCIAL DEVELOPMENT THROUGH COLLABORATIVE AND EDUCATION-ORIENTED LENDING SERVICES AND ALSO TO PRACTICE RESPONSIBLE LENDING IN ORDER TO PROTECT LOAN CAPITAL FOR FUTURE GENERATIONS OF TRIBAL CITIZENS.
Program accomplishments
- TO PROVIDE TRIBAL CITIZENS WITH ACCESS TO AFFORDABLE CAPITAL FOR THE PURPOSE OF BUSINESS LOANS, AND INDIVIDUAL FINANCIAL DEVELOPMENT THROUGH COLLABORATIVE AND EDUCATION-ORIENTED LENDING SERVICES AND TO PRACTICE RESPONSIBLE LENDING IN ORDER TO PROTECT LOAN CAPITAL FOR FUTURE GENERATIONS OF THE TRIBE. THE GOAL IS TO INCREASE THE FINANCIAL CAPACITY FOR TRIBAL CITIZENS AND CREATE ECONOMIC OPPORTUNITIES. OVER 1,000 TRIBAL CITIZENS HAVE BENEFITED FROM COMMERICAL LOANS, CONSUMER LOANS, BUSINESS DEBELOPMENT ASSISTANCE, AND INDIVIDUAL FINANCIAL COACHING. MORE THAN 1.4 MILLION HAS BEEN DISBURSED FOR SMALL BUSINESS EXPANSION, SMALL BUSINESS START-UP, AND CONSUMER USES.Expenses $708,828 · grants $18,723 · revenue $602,298
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2372805
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32)
- Assets (IRS master file)
- $15,319,782
- Income (IRS master file)
- $3,358,827
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,358,827 | $813,746 | $15,319,782 | XML |
| 990 | December 2023 | $4,106,888 | $671,770 | $13,031,042 | XML |
| 990 | December 2022 | $1,872,798 | $579,162 | $9,783,491 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2372805).
Questions about CHI ISHOBAK INC
- What is the EIN of CHI ISHOBAK INC?
- The employer identification number (EIN) of CHI ISHOBAK INC is 35-2372805.
- Is CHI ISHOBAK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to CHI ISHOBAK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHI ISHOBAK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHI ISHOBAK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHI ISHOBAK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHI ISHOBAK INC?
- The 990 for the year ended December 31, 2024 names BRUCE MOLNAR.
- Who are the officers and directors of CHI ISHOBAK INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 9 received compensation from the organization, the highest $164,003 (SEAN WINTERS, EXECUTIVE DI).
- How much revenue does CHI ISHOBAK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,358,827, expenses of $813,746 and total assets of $15,319,782 at year end.
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