Armed Forces Council Of Chicago
- Assets
- $528.3k
- Revenue
- $248.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1981
- Data as of
- 09/2023
- EIN
- 36-3100750
Organization Overview
Armed Forces Council Of Chicago is located in Chicago, IL. The organization was established in 1981. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armed Forces Council Of Chicago is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Armed Forces Council Of Chicago generated $248.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $147.2k during the year ending 09/2023. While expenses have increased by 11.6% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE PUBLIC SUPPORT OF THE US MILITARY PRIMARILY THROUGH MAINTAINING CONTACT BETWEEEN CITIZENS OF CHICAGO AND TROOPS AND SAILORS OF THE 502ND INFRATRY REGIMENT AND THE U.S.S. ILLINOIS AND U.S.S. CHICAGO SUBMARINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHICAGO 502 MAINTAINS CONTACT BETWEEN CITIZENS OF CHICAGO AND TROOPS OF THE 502ND INFANTRY REGIMENT. 786 CLUB MAINTAINS CONTACT BETWEEN CITIZENS OF CHICAGO AND CREW OF THE U.S.S. ILLINOIS. 721 CLUB MAINTAINS CONTACT BETWEEN CITIZENS OF CHICAGO AND CREW OF THE U.S.S. CHICAGO. SERVICES INCLUDE GIFT CARDS AND GIFT PACKAGES TO CREWS AND DEPLOYMENT SUPPORT.
THE RICKOVER COMMISSIONING COMMITTEE ORGANIZES AND IMPLEMENTS EVENTS SURROUNDING THE LAUNCHING AND COMMISSIONING OF THE U.S.S. HYMAN G. RICKOVER SUBMARINE. IN FY 2022 IT SPONSORED EVENTS FOR THE PRE COMMISSIONED CREW OF THE U.S.S. HYMAN G. RICKOVER AND SPONSORED INFORMATIONAL AND EDUCATIONAL PROGRAMS PROMOTING THE HISTORY OF HYMAN G. RICKOVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Benish Director | Trustee | 3 | $0 |
Beau Butts Director | Trustee | 3 | $0 |
Kenneth Caniglia Director | Trustee | 3 | $0 |
William Nissen Director | Trustee | 3 | $0 |
Leonard Wass Director | Trustee | 3 | $0 |
John H Schwan President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,303 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,924 |
| Total Program Service Revenue | $0 |
| Investment income | $3,257 |
| Tax Exempt Bond Proceeds | $0 |
| 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 | -$505 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,676 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $12,087 |
| Office expenses | $1,284 |
| Information technology | $3,826 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,387 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $147,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,008 |
| Savings and temporary cash investments | $293,289 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $528,297 |
| 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 | $528,297 |
| 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 | $528,297 |