Lombard Area Chamber Of Commerce And Industry
- Assets
- $9.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lombard, IL
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 23-7192831
Organization Overview
Lombard Area Chamber Of Commerce And Industry is located in Lombard, IL. The organization was established in 1980. 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. Lombard Area Chamber Of Commerce And Industry is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Lombard Area Chamber Of Commerce And Industry generated $160.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $181.3k during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josie Jaworski Chair Of Board | 5 | $0 | |
John Hughes Treasurer | 5 | $0 | |
Kristine Cerone Past Chair | 2 | $0 | |
Pam Loman Vice Chair | 2 | $0 | |
Rick Galfano President/ceo | 40 | $0 | |
Vanessa Martinez Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $76,633 |
| Membership dues | $82,026 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,851 |
| Total Revenue | $160,540 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,833 |
| Professional fees and other payments to independent contractors | $3,249 |
| Occupancy, rent, utilities, and maintenance | $18,484 |
| Printing, publications, postage, and shipping | $977 |
| Other expenses | $74,746 |
| Total expenses | $181,289 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,127 |
| Other assets | $0 |
| Total assets | $9,127 |
| Total liabilities | $1,893 |
| Net assets or fund balances | $7,234 |