Chicagoland Chamber Of Commerce
- Assets
- $2.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Chicago, IL
- Founding
- 08/1946
- Data as of
- 06/2021
- EIN
- 36-0896000
Organization Overview
Chicagoland Chamber Of Commerce is located in Chicago, IL. The organization was established in 1946. 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 06/2021, Chicagoland Chamber Of Commerce employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicagoland 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 06/2021, Chicagoland Chamber Of Commerce generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Chicagoland Chamber Of Commerce has awarded 83 individual grants totaling $1,376,905. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHICAGOLAND CHAMBER OF COMMERCECOMBINES THE POWER OF PEOPLE, WITH OUR LEGACY OF LEADERSHIP ANDBUSINESS ADVOCACY, TO DRIVE A DYNAMIC ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TALENT PROGRAM: THIS PROGRAM PROVIDES GRANTS TO ILLINOIS-BASED COMPANIES TO IMPROVE OR UPGRADE THE SKILLS OF THEIR CURRENT WORKERS EDUCATION, CULTIVATION OF NETWORKS, AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lavin President & CEO | Officer | 40 | $374,521 |
Eva Paredes Director, Member Engagement | 40 | $135,595 | |
Jan Kostner Sr VP Membership & Corporate R | 40 | $126,493 | |
Marianne Floriano VP Of Programs | 40 | $121,736 | |
Joseph Mak Thru 03292021 VP Of Corporate Development | 40 | $116,075 | |
Sara Barnett VP Of Operations | 40 | $115,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $413,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $823,095 |
| Noncash contributions included in lines 1a–1f | $12,715 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,236,843 |
| Total Program Service Revenue | $2,077,838 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,059 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $765,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,082,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $344,938 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $447,493 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,190,794 |
| Pension plan accruals and contributions | $6,662 |
| Other employee benefits | $100,390 |
| Payroll taxes | $119,538 |
| Fees for services: Management | $180,182 |
| Fees for services: Legal | $3,873 |
| Fees for services: Accounting | $37,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,484 |
| Advertising and promotion | $3,700 |
| Office expenses | $86,555 |
| Information technology | $84,775 |
| Royalties | $0 |
| Occupancy | $235,632 |
| Travel | $6,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,733 |
| Insurance | $21,348 |
| All other expenses | $438 |
| Total functional expenses | $3,423,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,058,054 |
| Savings and temporary cash investments | $315,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,378 |
| Net Land, buildings, and equipment | $374,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,726 |
| Total assets | $2,944,865 |
| Accounts payable and accrued expenses | $471,173 |
| Grants payable | $0 |
| Deferred revenue | $1,376,620 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $368,376 |
| Other liabilities | $869,753 |
| Total liabilities | $3,085,922 |
| Net assets without donor restrictions | -$141,057 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,944,865 |
Grants Awarded
Over the last fiscal year, Chicagoland Chamber Of Commerce has awarded $429,483 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
G&W ELECTRIC CO PURPOSE: Training | $70,386 |
ELIGO ENERGY LLC PURPOSE: Apprentice | $53,079 |
LSL HEALTHCARE INC PURPOSE: Training | $42,478 |
Chicago, IL PURPOSE: Apprentice | $28,000 |
Chicago, IL PURPOSE: Apprentice | $21,825 |
SONOCO PURPOSE: Training | $18,763 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chicagoland Chamber Of Commerce has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Bluhm Family Charitable Foundation Chicago, IL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |