CHI ISHOBAK INC

DOWAGIAC, MI, 49047-7773 (269) 783-4157 Est. 2009 EIN 35-2372805

S32 - Rural Economic Development 990 - Public charity return 501(c)(3)

www.chiishobak.org

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.

Financials

Total Revenue

$3,358,827

Total Expenses

$813,746

Net Assets

$13,945,041

3 employees

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

10+ years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 18.2%

Expenses ↑ 21.1%

Revenue Sources

Contributions 79.8% Earned revenue 17.9% Investment 2.3%

Expense Breakdown

Program 87.1% Management 11.7% Fundraising 1.2%

Officers & Key Employees (10)

Individual compensation is available on Grow plans.

Grants Received (5)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$3,358,827 ↓	$813,746	$13,945,041
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$4,106,888 ↑	$671,770	$11,390,330
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$1,872,798 ↓	$579,162	$7,932,168
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$2,545,311 ↑	$570,063	$6,761,804
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$2,337,510 ↑	$731,017	$4,821,047
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$1,188,558	$477,672	$2,283,743