Chicago Family Business Council Inc
Chicago Family Business Council Inc
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About this organization
Mission
Mission | What We Do We educate and empower the people of family and entrepreneurial businesses through impactful programs and a unique community of peer support. Vision | Our Impact To foster a community of skilled, energized and inspired business people. Values | What We Believe Confidentiality | Trust | Openness |Growth
About
THE ORGANIZATION OPERATES TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES FOR FAMILY, CLOSELY HELD, AND ENTREPRENEURIAL BUSINESS THROUGH ACTIVITIES WHICH INCLUDE BUT NOT LIMITED TO: EDUCATIONAL PROGRAMMING, PEER-TO-PEER FORUM GROUPS, ENCOURAGEMENT OF STUDENT SCHOLARSHIPS FOR INVOLVEMENT, RESEARCH IN THE FIELD OF FAMILY BUSINESS AND EMOTIONAL INTELLIGENCE.FORUMS - Forums are the heartbeat of CFBC. These groups give CFBC members a chance to share their business, family and personal experiences with one another in a confidential setting. Your forum is a place where youre not expected to have all the answers. Instead, your forum gives you the opportunity to draw on the experience and perspectives of fellow members to make the best choices for you and your business.CFBC offers forums for CEOs and business leaders, bringing a variety of entrepreneurs together in informal settings. After speaking with new members about their goals, CFBC selects forums for them that best suit their needs. Each forum is capped at nine members, and each participant comes from a different industry to create a diverse and rich set of perspectives within the group.Members that participate in a forum commit to nine meetings a year, which begin at 3 p.m. and last through dessert. Participants also attend a mandatory three-day, two-night retreat.PRESENTATION AND WORKSHOPS - Learning together is a key part of the CFBC experience. We offer a variety of educational programs throughout the year, including:Roots Curriculum: We offer educational courses under our core roots curriculum open to members and the general public. Courses are in a 2-month leadership training, 8-month team based strategic planning, execution and management course, family business 101, family meeting, and transitional preparation assessments.Powerful Speakers: CFBC regularly invites well-known business and cultural figures to share their insights at our seminars, which are open to members and the public. Past presenters include author and leadership expert Stephen R. Covey; JPMorgan Chase CEO Jamie Dimon; Diane Swonk, chief economist at Mesirow Financial; and Bill Rancic, winner of the first season of The Apprentice.Hands-On Workshops: Practical business skills are the focus at our hands-on workshops. Led by industry experts, these courses offer useful strategies you can put to work immediately in your own business. Recent topics include the art of negotiating, recruiting strategies and a primer on the 80/20 sales approach. The workshops are open to members and the public.EMOTIONAL INTELLIGENCE - Learning to handle social interactions and build relationships effectively is essential to becoming a strong manager and leader. Thats the idea behind emotional intelligence, a concept that our members use to guide their interactions in their forums and in their everyday lives.Emotional intelligence is a field of psychology that focuses on four social characteristics: self-awareness, self-management, social awareness and relationship management. Unlike IQ, which is largely hereditary, people can improve their emotional intelligence through training and practice. The benefits of improving your emotional intelligence include:Becoming more aware of your skills and talents and how to use them effectivelyIncreasing your empathy and listening skillsLearning how to analyze your options better and make the best choicesBuilding deeper, stronger relationshipsBuilding your confidence by applying what youve learned to your life successfullyCFBCs forums provide the framework that members need to develop their emotional intelligence so they can communicate effectively with fellow members, their employees and family members. Members can also participate in PdEI (Peer development for Emotional Intelligence), a training methodology created by CFBCs founder, James Liautaud. Liautaud, who has championed the concept of emotional intelligence and is a clinical professor at the University of Illinois at Chicago, runs the PDEI, PDT training at the Liautaud Institute.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “Cfbc exists to help family businesses and other closely held companies achieve their business goals through a unique peer support system and related educational programs that provide growth strategies for chief executives, their employees, their families and their businesses.”.
When discussing its purpose, they were characterized as: “Cfbc exists to help family businesses and other closely held companies achieve their business goals through a unique peer support system and related educational programs that provide growth strategies for chief executives, their employees, their families and their businesses.cfbcs roots date back to 1993, when local businessman james p. liautaud approached the university of illinois at chicago about underwriting an organization dedicated to family businesses. the family business council (fbc) welcomed its first members in 1994 and operated under uics college of business administration for nearly two decades. the fbc name still lives on at the college of business administrations home, douglas hall, where fbc sponsored a room in honor of the organizations long-standing relationship with the university.in 2011, the organization became an independent nonprofit organization and changed its name to chicago family business council. cfbc formed an affiliation with depaul universitys driehaus c”.
- The state in which the non-profit is legally authorized to operate is IL, as reported.
- The filing confirms that the non-profit's address in 2020 was 1 EAST JACKSON BLVD 5000, CHICAGO, IL, 60604.
- The form of the non-profit reports 9 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is -$7,643.
- The remuneration of the CEO of the organization is based on an independent review and approval process.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 19 independent voting members.
- The organization was formed in 2011.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $273,537 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.