Lincoln Park Chamber Of Commerce
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 36-3316251
Organization Overview
Lincoln Park Chamber Of Commerce is located in Chicago, IL. The organization was established in 1988. 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 12/2023, Lincoln Park Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Park 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 12/2023, Lincoln Park Chamber Of Commerce generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF SPECIAL SERVICE AREAS 23 AND 35 - TAX REVENUES FROM THE CITY OF CHICAGO USED TO MAINTAIN, ENHANCE AND BEAUTIFY COMMERCIAL AREAS IN THE COMMUNITY SERVED BY THE LINCOLN PARK CHAMBER OF COMMERCE.
MEMBER SERVICES - MEETINGS WITH CHAMBER MEMBERS AND COMMITTEES TO PROMOTE UNDERSTANDING OF THE LOCAL BUSINESS ENVIRONMENT WHICH CONTRIBUTES TO THE GROWTH OF THE AREA.
GOVERNMENT, COMMUNITY RELATIONS, AND MARKETING - TO PROMOTE BUSINESS INVOLVEMENT WITHIN THE COMMUNITY AND TO PROMOTE LOCAL BUSINESSES TO CONSUMERS AND VISITORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Schilf President & CEO | Officer | 40 | $130,810 |
Ali Schwartz Director | Trustee | 1 | $0 |
David Thompson Director | Trustee | 1 | $0 |
Jennifer Nudo Director | Trustee | 1 | $0 |
Susan Nicholl Director | Trustee | 1 | $0 |
Scott Cruz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $239,530 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,000 |
| 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 | $309,530 |
| Total Program Service Revenue | $1,132,155 |
| Investment income | $4,525 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,447,160 |
| 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. | $135,263 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,187 |
| Pension plan accruals and contributions | $6,579 |
| Other employee benefits | $0 |
| Payroll taxes | $35,782 |
| 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 | $27,807 |
| Advertising and promotion | $119,875 |
| Office expenses | $41,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,558 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,223 |
| Insurance | $6,842 |
| All other expenses | $1,175 |
| Total functional expenses | $1,244,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $909,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,600 |
| Accounts receivable, net | $940,618 |
| 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 | $1,717 |
| Net Land, buildings, and equipment | $54,732 |
| Investments—publicly traded securities | $362,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $466,545 |
| Total assets | $2,747,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $100,776 |
| 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 | $533,425 |
| Total liabilities | $634,201 |
| Net assets without donor restrictions | $2,113,764 |
| 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 | $2,747,965 |