Highwood Chamber Of Commerce
- Assets
- $3.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Highwood, IL
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 30-0224186
Organization Overview
Highwood Chamber Of Commerce is located in Highwood, IL. The organization was established in 2014. 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. Highwood 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 12/2023, Highwood Chamber Of Commerce generated $78.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $80.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 9 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
WE ARE AS COMMITTED AS EVER TO MAKING HIGHWOOD A GREAT PLACE TO OPERATE A BUSINESS. WHILE THE CITY PROVIDES THE BASIC SERVICES THE BUSINESS DISTRICT NEEDS TO FUNCTION (LIKE GOOD STREETS AND PARKING), THE CHAMBER CULTIVATES THE ENVIRONMENT THAT HELPS BUSINESSES CONNECT AND SUPPORT ONE ANOTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifur Condon Executive Director | 23.5 | $30,556 | |
James Lorenz Executive Director | 10.25 | $13,695 | |
George Zamarron Vice President | 0 | $0 | |
George Markoutsas President | 0 | $0 | |
Morena Garrity Treasurer | 0 | $0 | |
Mindy Moore Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $48,967 |
| Membership dues | $29,720 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,687 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,081 |
| Professional fees and other payments to independent contractors | $2,781 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $228 |
| Other expenses | $33,466 |
| Total expenses | $80,556 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,644 |
| Other assets | $0 |
| Total assets | $3,644 |
| Total liabilities | $781 |
| Net assets or fund balances | $2,863 |