Park Ridge Chamber Of Commerce
- Assets
- $95.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Park Ridge, IL
- Founding
- 11/1966
- Data as of
- 12/2022
- EIN
- 36-2055331
Organization Overview
Park Ridge Chamber Of Commerce is located in Park Ridge, IL. The organization was established in 1966. 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 12/2022, Park Ridge Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Ridge 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 12/2022, Park Ridge Chamber Of Commerce generated $131.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $197.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
1) TO ADVANCE THE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL AND CIVIC WELFARE OF THE PARK RIDGE AREA2) TO COORDINATE THE EFFORTS OF THE COMMERCE, INDUSTRY AND THE PROFESSIONS IN MAINTAINING AND STRENGTHENING A SOUND AND HEALTHY BUSINESS CLIMATE IN THE PARK RIDGE AREA.3) TO SPONSOR AGGRESSIVE PROGRAMS OF WORK AND STIMULATING ACTIVITIES THAT WILL PROVIDE FOR FULL DEVELOPMENT AND EMPLOYMENT OF OUR HUMAN AND ECONOMIC RESOURCES 4) TO PROVIDE AND COORDINATE CREATIVE VOLUNTARY LEADERSHIP FROM COMMERCE, INDUSTRY, SERVICE PROFESSIONALS AND ALL INTERESTED PARTIES TO SOLVE COMMUNITY PROBLEMS AND TO INITIATE CONSTRUCTIVE ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Wasyliw Treasurer | 15 | $0 | |
Marko Ratic President | 5 | $0 | |
John Mcnabola Director | 5 | $0 | |
Ann Scallon Director | 5 | $0 | |
Paul Swanson Director | 5 | $0 | |
Steve Judge Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,478 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $142 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,044 |
| Other Revenue | $0 |
| Total Revenue | $131,664 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $114,094 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $25,128 |
| Printing, publications, postage, and shipping | $350 |
| Other expenses | $57,384 |
| Total expenses | $197,756 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,739 |
| Other assets | $0 |
| Total assets | $95,689 |
| Total liabilities | $214,716 |
| Net assets or fund balances | -$119,027 |