Northalsted Area Merchants Assoc
- Assets
- $463.3k
- Revenue
- $314.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 36-3506573
Organization Overview
Northalsted Area Merchants Assoc is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Northalsted Area Merchants Assoc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northalsted Area Merchants Assoc 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, Northalsted Area Merchants Assoc generated $314.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $265.9k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE LOCAL COMMUNITY AND ECONOMIC GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP MEETINGS PROMOTE UNDERSTANDING OF LOCAL BUSINESS ENVIRONMENT AND MARKETING COOPERATION AMONG MEMBERS
DIRECTORY, NEWSLETTERS, PROMOTIONS AND FESTIVALS ALL CREATE AWARENESS IN THE GREATER CHICAGO AREA OF THE LOCAL BUSINESS COMMUMNITY, AND DRAW VISITORS TO THE AREA OF WHO MIGHT NOT OTHERWISE PATRONIZE THESE BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Andrew Knecht President | Officer | 6 | $0 |
Dusty Carpenter Treasurer | Officer | 4 | $0 |
Micah Hilgendorf Secretary | Officer | 4 | $0 |
Mark Liberson Vice President | Officer | 4 | $0 |
Ramesh Ariyanayakam Director | Trustee | 2 | $0 |
Lake Alen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| 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 | $58,100 |
| Total Program Service Revenue | $154,776 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,534 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,422 |
| 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 | $91,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,816 |
| Payroll taxes | $7,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,472 |
| Advertising and promotion | $28,074 |
| Office expenses | $6,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,433 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,819 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,448 |
| All other expenses | $2,078 |
| Total functional expenses | $265,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,440 |
| Savings and temporary cash investments | $267,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,155 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $435 |
| Total assets | $463,288 |
| Accounts payable and accrued expenses | $10,307 |
| 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 | $221 |
| Total liabilities | $10,528 |
| Net assets without donor restrictions | $452,760 |
| 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 | $463,288 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northalsted Area Merchants Assoc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: Sponsorship of the 2016 Chicago Pride Fest | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Logan Square Neighborhood Assoc Inc Chicago, IL | $4,271,823 | $6,062,511 |
Neighborhood House Association Peoria, IL | $3,122,062 | $3,181,634 |
Concord Center Association Inc Indianapolis, IN | $8,705,085 | $3,788,205 |
Foxcliff Estates Community Association Inc Martinsville, IN | $366,104 | $735,698 |
Owl Creek Community Association Inc Louisville, KY | $2,501,043 | $840,293 |
Parkview Gardens Association St Louis, MO | $5,528,177 | $842,875 |
Community Associations Institute Schaumburg, IL | $1,211,478 | $799,025 |
Near Northwest Neighborhood Inc South Bend, IN | $1,492,786 | $1,047,471 |
Lincoln-Central Neighborhood Family Center Inc Columbus, IN | $940,986 | $810,266 |
Sherman Park Community Association Inc Milwaukee, WI | $131,584 | $320,232 |
Wolf Creek Community Association Inc Louisville, KY | $902,640 | $348,656 |
Kennedy Heights Neighborhood Association Inc Madison, WI | $307,972 | $387,589 |