Illinois Retail Merchants Association
- Assets
- $4.6m
- Revenue
- $2.2m
- Investments
- $328.0k
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 09/1958
- Data as of
- 12/2021
- EIN
- 36-2352996
Organization Overview
Illinois Retail Merchants Association is located in Chicago, IL. The organization was established in 1958. 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 12/2021, Illinois Retail Merchants Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Retail Merchants Association 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 12/2021, Illinois Retail Merchants Association generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS LEAGUE OF ILLINOIS RETAILERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTED VARIOUS GOVERNMENT RELATIONS ACTIVITIES TO SUPPORT PUBLIC POLICIES ENABLING THE FREE MARKET SYSTEM TO OPERATE EFFICIENTLY AND OPPOSE THOSE THAT HINDER IT. ACTIVITIES CONDUCTED RELATED TO STATE LAWS AND REGULATIONS AFFECTING AREAS SUCH AS BUSINESS LIABILITY, CONSUMER FRAUD, CREDIT AND FINANCE, EDUCATION, ENVIRONMENT AND UTILITIES, FOOD LIQUOR & TOBACCO, HEALTHCARE, LOSS PREVENTION, PERSONNEL, REGULATIONS AND LICENSING, TAXES, AND TRANSPORTATION.
THE ASSOCIATION SPONSORED GROUP PURCHASING PROGRAMS FOR MEMBERS THAT PROVIDE FAVORABLE VENDOR PRICING AND SERVICES TO MEMBERS IN SUCH AREAS AS ELECTRICITY AND GAS PURCHASES.
THE ASSOCIATION COMMUNICATED ON AN ONGOING BASIS WITH MEMBERS TO KEEP THEM AWARE OF LEGISLATIVE ISSUES. IT PUBLISHED A MONTHLY NEWSLETTER ("RETAIL REGISTER") DURING THE YEAR. IT PUBLISHED A WEEKLY NEWSLETTER, "THIS WEEK IN SPRINGFIELD" DURING THE ILLINOIS LEGISLATIVE SESSION. ITALSO PUBLISHED A MONTHLY NEWSLETTER "121" RELATED TO CHICAGO LEGISLATIVE DEVELOPMENTS. DURING LEGISLATIVE SESSION, IT ALSO CONDUCTED A WEEKLY GOVERNMENT RELATIONS CALL WITH MEMBERS TO DISCUSS LEGISLATIVE AND ADMINISTRATIVE PROPOSALS OF INTEREST TO RETAILERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Karr President/ceo | Officer | 40 | $339,898 |
Brian Jordan Il Food Council Director | 40 | $155,208 | |
Alexander Laird Vp/government Relations | Officer | 40 | $149,875 |
Art Potash Chairman | OfficerTrustee | 1 | $0 |
Bob Jones III Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ashli Nelson Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mac Strategies Group Inc Consulting | 12/30/21 | $100,973 |
Mpm Associates Inc Consulting | 12/30/21 | $129,987 |
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 | $140,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,935 |
| Total Program Service Revenue | $1,484,813 |
| Investment income | $89,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $350,000 |
| Net Rental Income | $35,074 |
| Net Gain/Loss on Asset Sales | $81,823 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,181,646 |
| 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. | $644,981 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,900 |
| Pension plan accruals and contributions | $105,624 |
| Other employee benefits | $0 |
| Payroll taxes | $68,077 |
| Fees for services: Management | $164,253 |
| Fees for services: Legal | $15,754 |
| Fees for services: Accounting | $42,460 |
| Fees for services: Lobbying | $36,666 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,306 |
| Fees for services: Other | $209,648 |
| Advertising and promotion | $0 |
| Office expenses | $19,410 |
| Information technology | $68,284 |
| Royalties | $0 |
| Occupancy | $238,039 |
| Travel | $11,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,824 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,824 |
| Insurance | $203,867 |
| All other expenses | $0 |
| Total functional expenses | $2,409,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$11,821 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $27,240 |
| Net Land, buildings, and equipment | $378,627 |
| Investments—publicly traded securities | $3,914,183 |
| Investments—other securities | $327,959 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,258 |
| Total assets | $4,638,446 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $4,638,446 |
| Total liabilities and net assets/fund balances | $4,638,446 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Retail Merchants Association has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Retail Industry Leaders Association Inc Washington, DC PURPOSE: GENERAL SUPPORT | $20,000 |
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 |