Midwest Furniture Club
- Assets
- $26.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Downers Grove, IL
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-1878903
Organization Overview
Midwest Furniture Club is located in Downers Grove, 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 12/2023, Midwest Furniture Club generated $48.1k 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 (7.1%) each year. All expenses for the organization totaled $51.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATES A TRADE SHOW ANNUALLY. THE EXPENSES PAID BY THE ORGANIZATION ARE FOR THE ADMINISTRATION OF THE SHOW. THE SHOW IS HELD ANNUALLY TO ALLOW ITS MEMBERS AN OPPORTUNITY TO VIEW THE NEWEST PRODUCTS BEING MADE AVAILABLE TO THE FURNITURE INDUSTRY AND TO NETWORK WITH THE VARIOUS EXHIBITORS IN ORDER TO BE ABLE TO COMPETE FAVORABLY IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dilling Secretary | 1 | $0 | |
Geoff Weed Chairman | 1 | $0 | |
Mitch Simon Chairman | 1 | $0 | |
Arthur Serck Chairman | 1 | $0 | |
David Marcus Director | 1 | $0 | |
Brad Cofoid Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $45,149 |
| Membership dues | $2,795 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $175 |
| Total Revenue | $48,119 |
| 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 | $6,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,923 |
| Total expenses | $51,698 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,116 |
| Other assets | $0 |
| Total assets | $26,116 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,116 |