Next Level Northwest

Accelerate Your Business

aka NLNW   |   Hoffman Estates, IL   |  https://www.nextlevelnorthwest.org

Mission

Our mission is to accelerate local businesses with the ultimate goal to strengthen and support the Northwest Chicagoland economy. Our Vision is to establish a public-private partnership for business acceleration by bringing together municipalities to collaborate and ignite innovative ideas to grow and strengthen local established businesses.

Ruling year info

2017

President

Mr Raymond R Rummel

Main address

2200 W Higgins Rd Ste 200

Hoffman Estates, IL 60195 USA

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EIN

82-1754903

NTEE code info

Employment, Job Related N.E.C. (J99)

Management & Technical Assistance (J02)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Next Level Northwest is a charitable, educational organization with the specific intent of helping the leaders and owners of existing Stage 2 businesses, i.e., those within the growth stage that have not yet matured and continue to demonstrate operational and design inefficiencies, through a competitive business accelerator engagement process as well as educational programs and events directed toward ongoing development of graduate companies.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Next Level Northwest Business Accelerator

Next Level Northwest is a business acceleration public-private partnership serving the Northwest Chicagoland region. We support regional and local businesses through collaborative and innovative initiatives to help grow the economy.

Population(s) Served

1. Screen potential candidates for educational and advisory services;

2. Provide educational services through the business accelerator program, which constitutes Phase 1 of selected candidates’ business transformation. Candidates are matched with appropriate business coaches who assist candidates over the course of 30 days in identifying root causes to operational inefficiencies and deficiencies. Candidates work with the coach to create actionable corrective action plans executable over 60-90 days that addresses the most pressing needs of the company that interfere with effective business performance. Candidates move to “client” status when the governing board reviews and approves the plan for grant funding (between $7,500 and $10,000) and periodic review and reporting to ensure plan execution stay on track;

3. Provide educational services through mentoring and ongoing development programs and events, which constitute Phase 2 of graduate clients’ continuing growth.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Hours of consulting time accessed

This metric is no longer tracked.
Totals By Year
Related Program

Next Level Northwest Business Accelerator

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Next Level Northwest is a unique public-private partnership between municipalities and the business communities within as well as those that span the participating villages and cities. The partnership exists to ignite collaboration and innovation within the companies where leaders seek to elevate company performance to the next level as well as across the northwest region where participating municipalities have need to work synergistically for mutual benefit

1. Screen potential candidates for educational and advisory services;

2. Provide educational services through the business accelerator program, which constitutes Phase 1 of selected candidates’ business transformation. Candidates are matched with appropriate business coaches who assist candidates over the course of 30 days in identifying root causes to operational inefficiencies and deficiencies. Candidates work with the coach to create actionable corrective action plans executable over 60-90 days that addresses the most pressing needs of the company that interfere with effective business performance. Candidates move to “client” status when the governing board reviews and approves the plan for grant funding (between $7,500 and $10,000) and periodic review and reporting to ensure plan execution stay on track;

3. Provide educational services through mentoring and ongoing development programs and events, which constitute Phase 2 of graduate clients’ continuing growth.

To be qualified to serve as a member of the Board of Directors, an individual must be over the age of eighteen (18); dedicated to advancing the Exempt Purpose of the corporation; be an appointed member of the senior leadership team of one of the participating municipalities, or an independent director as defined below. Board members may not have a business or family relationship with any other director, officer, or employee of the corporation where any form of remuneration exists. Professional relationships are expected to exist between municipal members of the board because of the routine business conducted between municipalities as well as joint or collaborative service on regional, state, or agency boards. All municipal members are required to be residents of the State of Illinois to serve on the Board but do not need to be a resident of the communities they represent. Independent members are required to be residents of the State of Illinois.

Within one short year, Next Level Northwest has created substantial infrastructure to begin the process of hearing business proposals during "Pitch Nights" beginning in September 2018. We will then follow the planning as designed for the organization's mission, vision and By Laws.

Financials

Next Level Northwest
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Next Level Northwest

Board of directors
as of 04/29/2019
SOURCE: Self-reported by organization
Board chair

Mr Raymond Rummel

Village of Elk Grove

Term: 2018 - 2019

Paula Hewson

Village of Schaumburg

Jim Norris

Village of Hoffman Estates

Juliana Maller

Village of Hanover Park

Barry Krumstock

City of Rolling Meadows

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes