Greater Springfield Chamberfoundation
- Assets
- $74.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 20-8495211
Organization Overview
Greater Springfield Chamberfoundation is located in Springfield, IL. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Springfield Chamberfoundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Greater Springfield Chamberfoundation generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $12.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FOUNDATION PROVIDES GRANTS TO COLLEGES AND UNIVERSITIES TO PROVIDE SCHOLARSHIPS TO STUDENTS STUDYING IN A BUSINESS-RELATED FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Donovan President | 1 | $0 | |
Josh Shugart Secretary/treasurer | 1 | $0 | |
Kayla Edwards Vice President | 1 | $0 | |
Mike Murphy Assistant Secretary | 1 | $0 | |
Sharon Riechers Vice President | 1 | $0 | |
Tyler Cormeny Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $35 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,035 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11 |
| Total expenses | $12,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,812 |
| Other assets | $0 |
| Total assets | $74,812 |
| Total liabilities | $12,500 |
| Net assets or fund balances | $62,312 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Springfield Chamberfoundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Illinois Inc Springfield, IL PURPOSE: SANGAMON CEO - THIS GRANT WAS AWARDED IN ORDER TO EXPAND THE SANGAMON CEO CLASS FROM 1 CLASS TO 2. SANGAMON CEO IS A BUSINESS ENTREPRENEURIAL CLASS FOR HIGH SCHOOL STUDENTS OUTSIDE OF THE SCHOOL SETTING. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Chicago Scholarship Fund Inc Chicago, IL | $0 | $5,200,805 |
Mercy Health Corporation Rockford, IL | $1,246,524,503 | $10,286,365 |