River North Association Ltd, operating under the name Greater River North Business Association, is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2021, Greater River North Business Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater River North Business Association 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, Greater River North Business Association generated $138.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $241.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SEASONAL EVENTS TO PROMOTE LOCAL BUSINESS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marty Padilla President | 40 | $95,000 | |
Allen Wright Board Chairtreasurer | 4 | $0 | |
Gabriel Zucker Secretary | 4 | $0 | |
Sandya Dandamudi Director | 2 | $0 | |
Christine Miller Vice Chair | 2 | $0 | |
Tai Duncan Director | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $32,449 |
Total Program Service Revenue | $38,816 |
Membership dues | $66,805 |
Investment income | $20 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $138,090 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $157,397 |
Professional fees and other payments to independent contractors | $10,672 |
Occupancy, rent, utilities, and maintenance | $10,090 |
Printing, publications, postage, and shipping | $3,798 |
Other expenses | $59,469 |
Total expenses | $241,426 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $51,947 |
Other assets | $0 |
Total assets | $55,486 |
Total liabilities | $191,954 |
Net assets or fund balances | -$136,468 |
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