Lake Zurich Area Chamber Of Commerce
- Assets
- $52.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Lake Zurich, IL
- Founding
- 05/1989
- Data as of
- 12/2021
- EIN
- 23-7366102
Organization Overview
Lake Zurich Area Chamber Of Commerce is located in Lake Zurich, IL. The organization was established in 1989. 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. As of 12/2021, Lake Zurich Area Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Zurich Area Chamber Of Commerce 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 12/2021, Lake Zurich Area Chamber Of Commerce generated $161.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $153.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) 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 Mission:
Part 3 - Line 1
TO ENHANCE THE ECONOMIC VITALITY OF OUR MEMBERS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3
THE TASTE OF THE TOWNS FUNDRAISER PROVIDES OPPORTUNITIES FOR THE LOCAL COMMUNITY RESIDENTS AND OTHER BUSINESS OWNERS TO BECOME EXPOSED TO LOCAL BUSINESSES IN THE AREA. THIS PROVIDES AWARENESS FOR NEEDED SERVICES OR GOODS AND DIRECTLY FOLLOWS THE ORGANIZATION'S MISSION.
THE GOLF OUTING FUNDRAISER PROVIDES OPPORTUNITIES FOR LOCAL BUSINESS OWNERS TO NETWORK AND MEET OTHER BUSINESS OWNERS IN THE AREA.
THE LOCAL BUSINESS EXPO PROVIDES OPPORTUNITIES FOR THE LOCAL COMMUNITY RESIDENTS AND OTHER BUSINESS OWNERS TO BECOME EXPOSED TO LOCAL BUSINESSES IN THE AREA. THIS PROVIDES AWARENESS FOR NEEDED SERVICES OR GOODS AND DIRECTLY FOLLOWS THE ORGANIZATION'S MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Slattery Executive Dir. | 40 | $65,375 | |
Joseph Menges Director | 1 | $0 | |
Bruce Wittmeyer Director | 1 | $0 | |
Kathy Marrison Director | 1 | $0 | |
Judith Thode Director | 1 | $0 | |
Michael Beightol Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,515 |
| Membership dues | $87,883 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $37,076 |
| Other Revenue | $0 |
| Total Revenue | $161,474 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,226 |
| Professional fees and other payments to independent contractors | $3,676 |
| Occupancy, rent, utilities, and maintenance | $28,200 |
| Printing, publications, postage, and shipping | $496 |
| Other expenses | $35,492 |
| Total expenses | $153,090 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,973 |
| Other assets | $0 |
| Total assets | $52,408 |
| Total liabilities | $10,734 |
| Net assets or fund balances | $41,674 |
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|---|---|---|
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International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |