Nonprofit · EIN 84-3726611
BUSINESS MODEL GROUP
Also known as BMG
Tax-exempt · WESTCHESTER, IL 60154
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $366,408 | $329,639 | $36,769 | $91,053 | $1,500 | $89,553 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $240,179
- of which government grants
- $230,213
- Program service revenue
- $126,229
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $25,887
- Other salaries and wages
- $27,869
- Salaries, compensation and benefits (total)
- $56,843
- Professional fundraising fees
- $0
- Legal fees
- $4,870
- Accounting fees
- $6,000
- Occupancy
- $22,565
- Travel
- $1,670
- Program services (functional)
- $234,358
- Management and general (functional)
- $95,281
Balance sheet and other
- Total assets, start of year
- $53,076
- Total assets, end of year
- $91,053
- Total liabilities, end of year
- $1,500
- Net assets, end of year
- $89,553
- Net assets without donor restrictions
- $89,553
- Gross receipts
- $366,408
- Employees
- 1
- Year formed
- 2020
- 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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joyce Williams | President Trustee or director | 0 | $0 |
| Evelyn Smith | Secretary Trustee or director | 0 | $0 |
| Jeanette Smith | Treasurer Trustee or director | 0 | $0 |
| Catrece Smith | Executive Dir. Officer | 80 | $0 |
Address and contacts
- Address (IRS master file)
- 10526 W CERMAK RD STE 303, WESTCHESTER, IL 60154-5243
- In care of
- % CATRECE SMITH
- Mailing address (990-N for 2023)
- 10526 W Cermak Rd Suite 303, Westchecter IL 60154
- Principal officer (990 for 2024)
- Catrece Smith, 10526 W Cermak Rd 303, Westchester, IL 60154
- Principal officer (990-N for 2023)
- Catrece Smith, 2012 S 15th Ave, Broadview IL 60155
- Signed the 990
- Catrece Smith, Executive Director
- Website
- www.busmodelgroup.org
- Return prepared by
- Bookkeeping Tooles & V A Serv Inc
Mission
Mission Statement At Business Model Group, our mission is to empower nonprofits and businesses to achieve their full potential through innovative consulting and unparalleled customer service. We are committed to building lasting relationships and fostering growth, one client at a time.
Program accomplishments
- Organizational Impact Statement Business Model Group has supported over 150 organizations and more than 600 small businesses through capacity building, compliance, and operational development services. Our work has strengthened financial management systems, improved grant compliance, and enhanced program delivery across communities. Through our efforts, organizations have increased their ability to serve diverse populations, expand programming, and maintain sustainability while remaining compliant with state and federal regulations.Expenses $234,358 · grants $230,213 · revenue $137,149
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-N on file |
IRS record
- EIN
- 84-3726611
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R24)
- Assets (IRS master file)
- $91,053
- Income (IRS master file)
- $366,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $366,408 | $329,639 | $91,053 | XML |
| 990-N for 2023 Officer: Catrece Smith | July 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 | July 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 | July 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 | July 31, 2020 | ≤ $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 84-3726611).
Questions about BUSINESS MODEL GROUP
- What is the EIN of BUSINESS MODEL GROUP?
- The employer identification number (EIN) of BUSINESS MODEL GROUP is 84-3726611.
- Is BUSINESS MODEL GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BUSINESS MODEL GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS MODEL GROUP 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 BUSINESS MODEL GROUP due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUSINESS MODEL GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of BUSINESS MODEL GROUP?
- The 990 for the year ended July 31, 2025 names Catrece Smith.
- Who are the officers and directors of BUSINESS MODEL GROUP?
- The 990 for the year ended July 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does BUSINESS MODEL GROUP have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $366,408, expenses of $329,639 and total assets of $91,053 at year end.
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All nonprofits in WESTCHESTER · Illinois · Civil rights, social action and advocacy