Frankfort Chamber Of Commerce Inc
- Assets
- $880.9k
- Revenue
- $493.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Frankfort, IL
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 36-3037887
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 12/2021, Frankfort Chamber Of Commerce Inc employed 3 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 12/2021, Frankfort Chamber Of Commerce Inc generated $493.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $306.7k 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
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 4,000 SALARIES AND WAGES 60,542 PENSION PLAN CONT 1,746 EMPLOYEE BENEFITS 7,169 PAYROLL TAXES 5,786 LEGAL 218 ACCOUNTING 1,148 OFFICE EXP 11,316 INFORMATION TECH 7,327 OCCUPENCY 9,304 COFERENCES AND CONV 1,858 INSURANCE 4,095 ALLOCABLE OTHER GENERAL EXP 14,848TOTAL 129,357
ANNUAL FALL FESTIVAL AND CRAFT SHOW DESIGNED TO ENGAGE THE CHAMBER MEMBERS AND COMMUNITY. THE EVENT IS DESIGNED TO PROMOTE AREA BUSINESSES AND COMMUNITY
GOLF OUTING EVENT IS TO HELP CHAMBER MEMBERS PROMOTE THEIR BUSINESSES AND NETWORK WITH OTHER CHAMBER MEMBERS AND COMMUNITY BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Brunst Pasquini Exec Director | 40 | $55,099 | |
Laura Vroom President | OfficerTrustee | 0 | $0 |
Gary Gnade Treasurer | Officer | 0 | $0 |
Chris Herder Secretary | Officer | 0 | $0 |
Tom Van Dellan Internal VP | Officer | 0 | $0 |
Dana Anderson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,042 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,187 |
| Total Program Service Revenue | $320,425 |
| Investment income | $12,200 |
| Tax Exempt Bond Proceeds | $1,053 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,488 |
| Pension plan accruals and contributions | $2,494 |
| Other employee benefits | $10,241 |
| Payroll taxes | $8,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $311 |
| Fees for services: Accounting | $1,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,165 |
| Information technology | $10,467 |
| Royalties | $0 |
| Occupancy | $13,292 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,654 |
| Interest | $176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,105 |
| Insurance | $5,850 |
| All other expenses | $18,933 |
| Total functional expenses | $306,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,115 |
| Savings and temporary cash investments | $202,747 |
| 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 | $0 |
| Net Land, buildings, and equipment | $161,675 |
| Investments—publicly traded securities | $507,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $880,904 |
| Accounts payable and accrued expenses | $3,637 |
| 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 | $3,637 |
| 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 | $877,267 |
| Total liabilities and net assets/fund balances | $880,904 |
Grants Awarded
Over the last fiscal year, Frankfort Chamber Of Commerce Inc has awarded $5,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Frankfort, IL | | $3,000 |
Frankfort, IL | | $1,500 |
FRANKFORT POLICE DEPART DARE PRO | | | $600 |
FRANKFORT PARK DISTRICT | | | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |