Chicago Floorcovering Association Inc
- Assets
- $183.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elk Grove Village, IL
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 36-3413442
Organization Overview
Chicago Floorcovering Association Inc is located in Elk Grove Village, IL. The organization was established in 1990. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Floorcovering Association 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, Chicago Floorcovering Association Inc generated $30.6k 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 (16.3%) each year. All expenses for the organization totaled $25.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.3%) 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
PROMOTION OF FLOOR COVERING INDUSTRY THROUGH EDUCATION, DONATIONS, SCHOLARSHIPS AND INFORMATIONAL MEETINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Marrano Trustee | 0 | $0 | |
Michael F Fazzar Jr Secretary | 0 | $0 | |
Nicole Hillyard Trustee | 0 | $0 | |
Fred Scharm President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $27,878 |
| Membership dues | $0 |
| Investment income | $2,463 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,641 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,600 |
| Occupancy, rent, utilities, and maintenance | $1,151 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,877 |
| Total expenses | $25,628 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $182,066 |
| Other assets | $0 |
| Total assets | $183,446 |
| Total liabilities | $400 |
| Net assets or fund balances | $183,046 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chicago Floorcovering Association Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
World Floor Covering Association 401 K Dalton, GA PURPOSE: PAYMENT FOR SPEAKERS, ETC. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |