Illinois Chamber Foundation
- Assets
- $21.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 02/1972
- Data as of
- 12/2021
- EIN
- 23-7166733
Organization Overview
Illinois Chamber Foundation is located in Springfield, IL. The organization was established in 1972. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Chamber Foundation 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 12/2021, Illinois Chamber Foundation generated $2.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (43.2%) each year. All expenses for the organization totaled $6.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.5%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
RAISE AND EXPEND FUNDS TO PROVIDE RESEARCH AND EDUCATION TO BUSINESSES ON ISSUES THAT MAY HAVE OPERATIONAL OR FINANCIAL IMPACTS ON THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Maisch President And CEO | 0.5 | $0 | |
Candace Gerritsen Associate Secretary | 0.5 | $0 | |
Ray Drake Chairman | 0.5 | $0 | |
Joe Dively Secretary | 0.5 | $0 | |
Dr James Weyhenmeyer Director | 0.5 | $0 | |
Rick Newfield Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,491 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,491 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,418 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,814 |
| Total expenses | $6,232 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,267 |
| Other assets | $0 |
| Total assets | $21,267 |
| Total liabilities | $15,385 |
| Net assets or fund balances | $5,882 |
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