Association Forum Of Chicagoland
- Assets
- $4.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 03/1956
- Data as of
- 03/2023
- EIN
- 36-2330308
Organization Overview
Association Forum Of Chicagoland is located in Chicago, IL. The organization was established in 1956. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 03/2023, Association Forum Of Chicagoland employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Forum Of Chicagoland 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 03/2023, Association Forum Of Chicagoland generated $2.1m 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 (5.7%) each year. All expenses for the organization totaled $2.9m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE PROFESSIONAL PRACTICE OF ASSOCIATION MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS - THE ASSOCIATION FORUM PROVIDES NUMEROUS PUBLICATIONS TO ITS APPROXIMATELY 3,800 MEMBERS TO EDUCATE THEM ON TRENDS IN THE INDUSTRY OF ASSOCIATION MANGEMENT AND TO PROVIDE THEM WITH COMPELLING RESOURCES. THE FORUM MAGAZINE IS DISTRIBUTED NINE TIMES ANNUALLY TO BOTH MEMBERS AND NON-MEMBERS. THE MEMBERSHIP DIRECTORY IS DISTRIBUTED ANNUALLY TO ALL MEMBERS. MEMBERS AND NON-MEMBERS ACCESS THE WEBSITE FOR HOLIDAY SHOWCASE - ANNUAL EVENT DURING WHICH MEMBERS AND NON-MEMBERSRELEVANT RESOURCES AND INFORMATION. VARIOUS E-NEWSLETTERS ON CURRENT EVENTS AND NEWS ARE DISTRIBUTED TO ALL MEMBERS. AVERAGE SALARY DATA OF THE CHICAGOLAND ASSOCIATION COMMUNITY IS AVAILABLE TO BOTH MEMBERS AND NON-MEMBERS.
HOLIDAY SHOWCASE - ANNUAL EVENT DURING WHICH MEMBERS AND NON-MEMBERS CAN LEARN ABOUT UPDATES IN THE ASSOCIATION MANAGEMENT INDUSTRY, AS WELL AS MEET POTENTIAL SUPPLIERS AND VENDORS.
EDUCATIONAL PROGRAMS AND CONFERENCES - THESE PROGRAMS PROVIDE EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR ALL MEMEBRS, AND HELP MAKE THEIR ASSOCIATIONS MORE SUCCESSFUL. THERE WERE APPROXIMATELY 100 PROGRAMS CONDUCTED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Artesha Moore Executive Dir. | Officer | 48 | $223,196 |
Denise Froemming Chair | OfficerTrustee | 2 | $0 |
Gregory Heidrich Chair-Elect | OfficerTrustee | 2 | $0 |
Bob Moore Sec-Treasurer | OfficerTrustee | 2 | $0 |
Paul Pomerantz Past Chair | OfficerTrustee | 2 | $0 |
Lori Adlesick Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,147 |
| Total Program Service Revenue | $1,541,705 |
| Investment income | $98,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,073,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $231,831 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $562,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,706 |
| Payroll taxes | $60,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,240 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,808 |
| Fees for services: Other | $647,216 |
| Advertising and promotion | $55,986 |
| Office expenses | $144,403 |
| Information technology | $81,236 |
| Royalties | $0 |
| Occupancy | $397,647 |
| Travel | $25,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $380,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,069 |
| Insurance | $20,811 |
| All other expenses | $0 |
| Total functional expenses | $2,917,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,000 |
| 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 | $77,323 |
| Net Land, buildings, and equipment | $295,736 |
| Investments—publicly traded securities | $3,293,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $710,984 |
| Total assets | $4,806,432 |
| Accounts payable and accrued expenses | $500,431 |
| Grants payable | $0 |
| Deferred revenue | $442,736 |
| 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 | $0 |
| Other liabilities | $1,160,312 |
| Total liabilities | $2,103,479 |
| Net assets without donor restrictions | $2,702,953 |
| 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 | $4,806,432 |