Greater Aurora Chamber Of Commerce
- Assets
- $77.5k
- Revenue
- $454.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Aurora, IL
- Founding
- 02/1936
- Data as of
- 08/2023
- EIN
- 36-2441491
Organization Overview
Greater Aurora Chamber Of Commerce is located in Aurora, IL. The organization was established in 1936. 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 08/2023, Greater Aurora Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Aurora 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 08/2023, Greater Aurora Chamber Of Commerce generated $454.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $480.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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 SERVE AS A CATALYST FOR BUSINESS DEVELOPMENT IN THE AURORA REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER AURORA CHAMBER OF COMMERCE, A MEMBERSHIP DRIVEN ASSOCIATION, SERVES AS A CATALYST FOR BUSINESS DEVELOPMENT IN THE AURORA REGION. THE CHAMBER STRIVES TO DEVELOP AND MANAGE QUALITY PROGRAMS AND ACTIVITIES TO BENEFIT ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Linder Gallo President & CEO | Officer | 40 | $86,700 |
Steven Bryant Director | Trustee | 1 | $0 |
Michael Poulakidas Director | Trustee | 1 | $0 |
Stephanie Wennmacher Director | Trustee | 1 | $0 |
Omar Ramos Chairman | OfficerTrustee | 4 | $0 |
Colette Rozanski Director | Trustee | 1 | $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 | $17,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,850 |
| Total Program Service Revenue | $355,803 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,087 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,740 |
| 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. | $41,721 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,336 |
| Pension plan accruals and contributions | $650 |
| Other employee benefits | $1,575 |
| Payroll taxes | $17,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,494 |
| Fees for services: Accounting | $14,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,672 |
| Advertising and promotion | $4,744 |
| Office expenses | $3,596 |
| Information technology | $11,638 |
| Royalties | $0 |
| Occupancy | $38,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $984 |
| Insurance | $6,418 |
| All other expenses | $21,114 |
| Total functional expenses | $480,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,957 |
| Savings and temporary cash investments | $10,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,360 |
| 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 | $3,750 |
| Net Land, buildings, and equipment | $3,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $77,514 |
| Accounts payable and accrued expenses | $14,033 |
| Grants payable | $0 |
| Deferred revenue | $55,214 |
| 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 | $311,725 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $380,972 |
| Net assets without donor restrictions | -$328,458 |
| Net assets with donor restrictions | $25,000 |
| 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 | $77,514 |