Midwest Furniture Club
- Assets
- $37.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 03/2009
- Data as of
- 12/2020
- EIN
- 26-1878903
Organization Overview
Midwest Furniture Club is located in Northbrook, IL. The organization was established in 2009. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, 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. Midwest Furniture Club 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 12/2020, Midwest Furniture Club generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $8.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (29.1%) per year over the past 6 years. 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 |
|---|---|---|---|
Geoff Weed Director | 1 | $0 | |
David Marcus Director | 1 | $0 | |
Ken Banderman Director | 2 | $0 | |
Marty Sobel Director | 1 | $0 | |
Ted Weisbach Director | 1 | $0 | |
Bret Jones 2nd Vice Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $300 |
| Membership dues | $4,310 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,610 |
| 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 | $4,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $148 |
| Other expenses | $4,017 |
| Total expenses | $8,665 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,909 |
| Other assets | $0 |
| Total assets | $37,909 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,909 |
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