Frankfort Chamber Of Commerce Inc

Organization Overview

Frankfort Chamber Of Commerce Inc is located in Frankfort, IL. The organization was established in 1979. 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, Frankfort Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankfort Chamber Of Commerce Inc 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, Frankfort Chamber Of Commerce Inc generated $408.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $382.7k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE POSITIVE BUSINESS AND COMMUNITY GROWTH

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALLOCATION OF GENERAL AND ADMINISTRATIVE EXEPENSES AS FOLLOWS: GRANTS AND OTHER ASSISSTANCE 5,450 SALARIES AND WAGES 104,530 PENSION PLAN CONT 2,390 EMPLOYEE BENEFITS 2,956 PAYROLL TAXES 12,902 LEGAL 747 ACCOUNTING 1,392 ADVERTISING 1,678 OFFICE EXP 4,296 INFORMATION TECH 4,980 OCCUPENCY 17,586 COFERENCES AND CONV 2,852 INSURANCE 5,593 ALLOCABLE OTHER GENERAL EXP 17,268 DEPRECIATION 1,747TOTAL 186,367


ANNUAL FALL FESTIVAL AND CRAFT SHOW DESIGNED TO ENGAGE THE CHAMBER MEMBERS AND COMMUNITY. THE EVENT IS DESIGNED TO PROMOTE AREA BUSINESSES AND COMMUNITY


VARIOUS ANNUAL EVENTS TO HELP CHAMBER MEMEBERS PROMOTE THEIR BUSINESS AND NETWORK WITH OTHER CHAMBER MEMBERS AND COMMUNITY BUSINESSES. -COMMUNITY SHOWCASE-CONCERTS-EDUCATION-MIS EVENTS-MEET AND GREET


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Board, Officers & Key Employees

Name (title)Compensation
Pauline Modjeski
Exec Director
$62,332
Kristen Brunst Pasquini
Executive Director
$29,789
Mike Cartolano
Director
$0
Lisa Glancy
Director
$0
Bob Kennedy
External VP
$0
Dana Anderson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$124,031
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$22,159
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$146,190
Total Program Service Revenue$340,090
Investment income -$78,319
Tax Exempt Bond Proceeds $486
Royalties $0
Net Rental Income $0
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 $408,447

Grants Awarded

Over the last fiscal year, Frankfort Chamber Of Commerce Inc has awarded $5,450 in support to 3 organizations.

Grant RecipientAmount

OPERATION PLAYGROUND INC

|

|

$400

KIWANIS CLUB OF FRANKFORT

|

|

$50

DOWNTOWN FRANKFORT BUSINESS ALLIANC

|

|

$5,000
View Grant Profile

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