Highland Park Chamber Of Commerce Inc
- Assets
- $114.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Highland Park, IL
- Founding
- 04/1947
- Data as of
- 12/2023
- EIN
- 36-1217360
Organization Overview
Highland Park Chamber Of Commerce Inc is located in Highland Park, IL. The organization was established in 1947. 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 12/2023, Highland Park Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Park Chamber Of Commerce Inc 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, Highland Park Chamber Of Commerce Inc generated $175.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $166.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 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
PROMOTION OF THE BUSINESS COMMUNITY IN HIGHLAND PARK AND PROVIDE NETWORKING ACTIVITIES FOR COMMUNITY BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Raven Director | 5 | $0 | |
Josh Gilbert Chairman | 5 | $0 | |
Patrick Gipson Director | 5 | $0 | |
Ken Henry Past Chair | 5 | $0 | |
Steven Green Director | 5 | $0 | |
Hedy Hines Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $64,405 |
| Membership dues | $111,305 |
| Investment income | $225 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $175,935 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $115,336 |
| Professional fees and other payments to independent contractors | $15,400 |
| Occupancy, rent, utilities, and maintenance | $3,480 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,106 |
| Total expenses | $166,322 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,689 |
| Other assets | $0 |
| Total assets | $114,779 |
| Total liabilities | $120,878 |
| Net assets or fund balances | -$6,099 |