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Illinois · Nonprofit

VETERAN BUSINESS PROJECT INC

VETERAN BUSINESS PROJECT INC (Illinois) receives grants from 8 organizations whose IRS filings report $1,046,054 to it, the largest being THE DUCHOSSOIS FAMILY FOUNDATION ($605,000). 3 of them have funded it in more than one year.

Revenue FY2024
$118k
Funders on record
8
Grants received
$1.0M
Net assets
$413k
3/8 repeat funderspeak grant-dependency 97%
01What it does

What Veteran Business Project Inc does

Mission

Veteran business project promotes veteran small business ownership opportunities by getting military, veterans, and spouses into business. We educate active duty military, veterans, business owners, financial institutions, public and private sectors, the general public, and legislators on the necessity for pro-veteran small business ownership and accompanying, realistic federal and state business lending programs. Veteran business project then connects these groups to facilitate veterans' small business ownership.

As stated on its FY2024 Form 990.

Program

  1. Veteran business project promotes veteran small business ownership opportunities by getting military, veterans, and spouses into business. We educate active duty military, veterans, business owners, financial institutions, public and private sectors, the general public, and legislators on the necessity for pro-veteran small business ownership and accompanying, realistic federal and state business lending programs. Veteran business project then connects these groups to facilitate veterans' small business ownership.

    $296,357 spent
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $296,357.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($353k) Expenses 100 ($91k) Net assets 100 ($263k)2022 Revenue 6 ($21k) Expenses 302 ($275k) Net assets 4 ($9k)2023 Revenue 282 ($995k) Expenses 327 ($298k) Net assets 269 ($706k)2024 Revenue 33 ($118k) Expenses 452 ($412k) Net assets 157 ($413k)
2021202220232024
Revenue (33)Expenses (452)Net assets (157)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $17k to $719k (+4050%).

$263k
$17k
$719k
$460k
2021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

105% of VETERAN BUSINESS PROJECT INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (84% for the typical peer).

This organization
Typical peer · 3,561 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 reported years ran a deficit.

$262k
’21
−$254k
’22
$697k
’23
−$294k
’24
0.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Charles Lynn Lowder

CEO

Board chair

Dale Eisenberg

Chairman

As listed on its FY2024 Form 990.

2021202220232024
Listed2456
Joined··+1+2
No longer listed··01
03Who funds it

Who funds it, year by year

2021 → 2023: the base narrowed from 3 funders to 2 funders, grant income fell $343k → $285k.

1 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of VETERAN BUSINESS PROJECT INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

VETERAN BUSINESS PROJECT INC leans on a few funders — its largest provides 58% of grant income and the top three 97%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

34% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VETERAN BUSINESS PROJECT INC.

58%
largest funder
97%
top three
~2
effective funders

Largest funder’s share by year: 2021 97% · 2022 100% · 2023 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

68% of VETERAN BUSINESS PROJECT INC's grant income comes from Illinois funders.

IL
TN
DC

In-state vs out-of-state, by year

’21
’23
Illinois out of state home

Funder states come from each funder’s own filing. $116 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

VETERAN BUSINESS PROJECT INC's revenue fell 67% between 2021 and 2024.

Operating margin−249% · bottom quartile
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)−31% · bottom quartile

this organization peer median middle 50% of peers· 3,130 public benefit nonprofits $100k–$1M, FY2024

Organizations like VETERAN BUSINESS PROJECT INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

72% of spending goes to programs.

Program 72%Management 20%Fundraising 8%

Governance

5
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

IL

Screen this organization

A dated, signed PDF of the compliance screen for VETERAN BUSINESS PROJECT INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds VETERAN BUSINESS PROJECT INC?
VETERAN BUSINESS PROJECT INC (Illinois) receives grants from 8 organizations whose IRS filings report $1,046,054 to it, the largest being THE DUCHOSSOIS FAMILY FOUNDATION ($605,000). 3 of them have funded it in more than one year.
How many funders does VETERAN BUSINESS PROJECT INC have?
IRS filings report 8 organizations giving $1,046,054 in grants to VETERAN BUSINESS PROJECT INC, 3 of which have funded it in more than one year.
Who is the largest funder of VETERAN BUSINESS PROJECT INC?
THE DUCHOSSOIS FAMILY FOUNDATION is the largest funder on record, with $605,000 in grants. The full list of funders is on this page.
How can an organization like VETERAN BUSINESS PROJECT INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Veteran Business Project →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing