Joseph Center
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO TEACH NEW ENTREPRENEURS THE DETAILS OF STARTING AND MANAGING A SUCCESSFUL BUSINESS.
- Income
- $3.3 million
- Spending
- $3.3 million
- Spent on programs
- 79%
- Reserves
- 3.1 months of spending
- Largest source of income
- donations and private grants, 69%
- Employees
- 23
- Volunteers
- 100
- Highest pay
- $234,200, director/president and coo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 72 out of 100. Higher than 44% of charities in its peer group (recreation and sports, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 3.1 months of spending.
Debt
20 of 20It owes 10% of what it owns.
Living within its means
12 of 15Income exceeded spending by 0% of income.
Income trend
5 of 15Income fell 22% on the year before.
Spending floor
15 of 1579% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 82% of charities in its peer group (recreation and sports, $1m to $10m).
Independent board
25 of 254 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $1.2 million spent. BUSINESS & PROFESSIONAL DEVELOPMENT: THE JOSEPH CENTER FOR BUSINESS DEVELOPMENT (JCBD) OFFERS A FULL RANGE OF PROGRAMS AND SERVICES DESIGNED TO TRAIN, NURTURE, AND SUPPORT ENTREPRENEURS IN STARTING AND RUNNING A SUCCESSFUL BUSINESS, AS WELL AS WORKERS AND PROFESSIONALS WHO ARE THE ENGINE OF THE ECONOMY. JCBD ENCOMPASSES THREE MAJOR PROGRAMS. 1. BUSINESS DEVELOPMENT PROGRAM, WHICH PROVIDES WORKSHOPS AND COURSES IN AREAS SUCH AS BUSINESS START-UP AND PLANNING, FINANCING, AND INTELLECTUAL PROPERTY, TO DEVELOP KNOWLEDGE AND UNDERSTANDING IN ORDER TO MORE EFFECTIVELY MANAGE/OPERATE THEIR BUSINESSES. 2. CONTINUING EDUCATION & PROFESSIONAL DEVELOPMENT (CEPD) WHICH OFFERS TECHNOLOGY TRAINING, CAREER DEVELOPMENT COURSES AND GENERAL EDUCATION DEVELOPMENT (GED) COURSES, ALL DESIGNED TO ASSIST ADULTS IN ACQUIRING SKILLS NECESSARY FOR CAREER ADVANCEMENT, BETTER PAYING JOBS, ETC. CEPD ALSO HOSTS AN ANNUAL JOB FAIR THAT PROVIDES OPPORTUNITIES FOR UP TO 1,000 ATTENDEES. 3. ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) AT THE JOSEPH CENTER, WHICH IS FUNDED BY THE SBA AND PROVIDES BUSINESS CONSULTING, NETWORKING OPPORTUNITIES AND TRAINING PROGRAMS TO ASSIST ENTREPRENEURS IN IMPROVING BUSINESS PERFORMANCE, PRODUCTIVITY AND PROFITABILITY.
- $717,049 spent. ENTREPRENEURSHIP PROGRAM: THE JOSEPH BUSINESS SCHOOL (JBS) IS A WORLD-CLASS INSTITUTION THAT EQUIPS ENTREPRENEURS AND INDIVIDUALS USING PRACTICAL AND BIBLICAL PRINCIPLES TO RAISE UP COMPANIES AND CREATE WEALTH TO TRANSFORM DESOLATE PLACES INTO FLOURISHING COMMUNITIES FOR THE GLORY OF GOD. JBS HAS A PERMIT OF APPROVAL BY THE STATE OF ILLINOIS, ILLINOIS BOARD OF HIGHER EDUCATION PRIVATE BUSINESS & VOCATIONAL DIVISION AND IS ACCREDITED BY THE NATIONALLY RECOGNIZED ACCREDITING COUNCIL FOR CONTINUING EDUCATION AND TRAINING (ACCET). 58 STUDENTS WERE COMPLETERS IN THE TWO, 2024 4-MONTH COHORTS ON THE CHICAGO CAMPUS IN A LIVE IN-PERSON AND LIVE INTERACTIVE WEB-BASED FEED OF EACH SATURDAY SESSION. 43 STUDENTS WERE COMPLETERS IN THE TWO, 2024 4-MONTH COHORTS ONLINE MODALITY WHERE STUDENTS HAVE ACCESS TO THE ONLINE LEARNING ENVIRONMENT 24 HOURS A DAY, 7 DAYS A WEEK
- $682,180 spent. BUSINESS INCUBATOR & OTHER: THE JOSEPH CENTER HAS A BUSINESS OFFICE CENTER TO PROVIDE SUBSTANTIALLY BELOW COST AND PROFESSIONAL BUSINESS OFFICES, A CONFERENCE CENTER AND ADMINISTRATIVE SUPPORT FOR START-UP BUSINESSES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1998.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.