Oaklawn Chamber Of Commerce
- Assets
- $187.7k
- Revenue
- $108.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Oak Lawn, IL
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 36-2852308
Organization Overview
Oaklawn Chamber Of Commerce is located in Oak Lawn, IL. The organization was established in 1986. 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, Oaklawn Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaklawn 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 12/2021, Oaklawn Chamber Of Commerce generated $108.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $99.9k during the year ending 12/2021. 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
THE OLCC WORKS TO REPRESENT AND ADVANCE ITS BUSINESS COMMUNITY TO PROMOTE AND IMPROVE THE ECONOMIC ATMOSPHERE ALONG WITH THE BUSINESS CLIMATE AND IMAGE OF OAK LAWN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEMBERSHIP DIRECTORY PROMOTES THE BUSINESS SERVICES AND PRODUCTS AVAILABLE WITHIN THE LOCAL COMMUNITY
MEMBERSHIP MEETINGS LUNCHEONS WERE HELD THROUGHOUT THE YEAR TO EXCHANGE BUSINESS AND COMMUNITY CONCERNS AND MAINTAIN AWARENESS OF COMMUNITY BUSINESS DEVELOPMENTS AND EXCHANGE IDEAS FOR THE BETTERMENT OF THE BUSINESS ENVIRONMENT WITHIN THE COMMUNITY
OTHER MEMBERSHIP EVENTS WERE HELD THROUGHOUT THE YEAR TO PROMOTE THE VILLAGE OF OAK LAWN AND ITS BUSINESSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Fritz Executive Director | Officer | 25 | $30,026 |
Jennifer Villafan Assistant Director | Officer | 5 | $4,721 |
Julie Miller Administration | Officer | 3 | $3,585 |
Jim Makina President | Officer | 5 | $0 |
Phil Costello 1st Vice President | Officer | 4 | $0 |
Kathleen Farrell Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,717 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,717 |
| Total Program Service Revenue | $33,001 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,704 |
| Net Income from Gaming Activities | $3,007 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,550 |
| 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. | $30,026 |
| Compensation of current officers, directors, key employees. | $30,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,948 |
| Office expenses | $4,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,473 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,419 |
| All other expenses | $3,753 |
| Total functional expenses | $99,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,369 |
| Savings and temporary cash investments | $121,585 |
| 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 | -$2,205 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $187,749 |
| Accounts payable and accrued expenses | $603 |
| Grants payable | $0 |
| Deferred revenue | $45,695 |
| 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 | $46,298 |
| Net assets without donor restrictions | $141,451 |
| 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 | $187,749 |
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