Nonprofit · EIN 83-2070051
THINK BIG CORPORATION
Tax-exempt · ROCKFORD, IL 61103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $236,226 | $237,801 | -$1,575 | $105,148 | $0 | $105,148 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $235,879
- of which government grants
- $48,000
- Program service revenue
- $0
- Investment income
- $347
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $118,432
- Salaries, compensation and benefits (total)
- $118,432
- Professional fundraising fees
- $0
- Occupancy
- $9,667
- Travel
- $414
- Program services (functional)
- $178,478
- Management and general (functional)
- $35,592
- Fundraising (functional)
- $23,731
Balance sheet and other
- Total assets, start of year
- $106,936
- Total assets, end of year
- $105,148
- Total liabilities, end of year
- $0
- Net assets, end of year
- $105,148
- Gross receipts
- $236,226
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- IL
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 |
|---|---|---|---|
| Sheila Hill | Board Chair Treasurer Officer, Highest-paid employee | 40 | $109,615 |
| Fransica French | Board Member Trustee or director | 1 | $0 |
| Martesha Brown | Board Member Trustee or director | 1 | $0 |
| Matthew Simpson | Board Member Trustee or director | 1 | $0 |
| Duntai Matthews | Vice Chair Officer | 1 | $0 |
| Khaneidra Horton | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1311 N MAIN ST, ROCKFORD, IL 61103-6237
- In care of
- % SHEILA HILL
- Mailing address (990-N for 2022)
- 6933 Pats Circle, Rockford IL 61102
- Principal officer (990 for 2024)
- Sheila Hill, 1311 N MAIN ST, ROCKFORD, IL 61103
- Principal officer (990-N for 2022)
- Sheila Hill, 6933 Pats Circle, Rockford IL 61102
- Signed the 990
- Sheila Hill, Board Chair & Treasurer
- Return prepared by
- McMurtry Financial Services LLC
Mission
Thinks Bigs mission is to cultivate a thriving ecosystem for minority business owners and aspiring entrepreneurs providing them with the tools knowledge and network to turn their vision into reality.
Program accomplishments
- Think Big School of Business is a series of free classes aimed at helping entrepreneurs plan develop and implement a business.Expenses $102,660
- Think Big 2.0 is an advanced accelerator program designed to support entrepreneurs who are ready to take their businesses to the next level. Tailored for business owners who have been operating for one to three years this program focuses on sustaining growth and scaling operations. Think Big 2.0 offers customized classes that dive deeper into strategic planning operations marketing and financial growth to help participants build successful sustainable and market-ready businesses.Expenses $75,818
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 | Check at the IRS |
IRS record
- EIN
- 83-2070051
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $105,148
- Income (IRS master file)
- $236,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $236,226 | $237,801 | $105,148 | XML |
| 990-N for 2022 Officer: Sheila Hill | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: SHEILA HILL | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: SHEILA HILL | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-2070051).
Questions about THINK BIG CORPORATION
- What is the EIN of THINK BIG CORPORATION?
- The employer identification number (EIN) of THINK BIG CORPORATION is 83-2070051.
- Is THINK BIG CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to THINK BIG CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THINK BIG CORPORATION 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 THINK BIG CORPORATION 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 THINK BIG CORPORATION 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 THINK BIG CORPORATION?
- The 990 for the year ended December 31, 2024 names Sheila Hill.
- Who are the officers and directors of THINK BIG CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $109,615 (Sheila Hill, Board Chair Treasurer).
- How much revenue does THINK BIG CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $236,226, expenses of $237,801 and total assets of $105,148 at year end.
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