Association Forum Of Chicagoland Foundation
- Assets
- $274.4k
- Revenue
- $66.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1988
- Data as of
- 03/2022
- EIN
- 36-3537786
Organization Overview
Association Forum Of Chicagoland Foundation is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, 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. Association Forum Of Chicagoland Foundation 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 03/2022, Association Forum Of Chicagoland Foundation generated $66.1k 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 (12.9%) each year. All expenses for the organization totaled $60.3k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE ASSOCIATION FORUM'S PROGRAMS AND SERVICES THROUGH NEW EDUCATION, RESEARCH AND SCHOLARSHIP INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HONORS GALA IS HELD TO RECOGNIZE ACHIEVEMENTS BY ASSOCIATION MANAGEMENT PROFESSIONALS AND AWARD SCHOLARSHIPS. APPROXIMATELY 730 PEOPLE ATTENDED THE HONORS GALA.
SCHOLARSHIPS AND DIVERSITY - DURING THE FISCAL YEAR, THE FOUNDATION AWARDED SEVEN SCHOLARSHIPS, AND MADE MISCELLANEOUS CONTRIBUTIONS TO OTHER ORGANIZATIONS WITHIN THE ASSOCIATION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Mason Fasae Cae President And CEO | Officer | 2 | $5,839 |
Paul Pomerantz Fasae Cae Chair | OfficerTrustee | 1 | $0 |
Vicki Loise Trustee | OfficerTrustee | 1 | $0 |
Denise Froemming Caecpamba Chair-Elect | OfficerTrustee | 1 | $0 |
Geregory Heidrich Secr-Treasurer | OfficerTrustee | 1 | $0 |
Geoffrey Brown Cae Immediate Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,432 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,485 |
| Total Program Service Revenue | $0 |
| Investment income | $6,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,849 |
| Net Income from Fundraising Events | -$26,708 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,294 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,009 |
| Compensation of current officers, directors, key employees. | $1,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,729 |
| Pension plan accruals and contributions | $406 |
| Other employee benefits | $2,086 |
| Payroll taxes | $1,774 |
| 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 | $1,466 |
| Fees for services: Other | $16,632 |
| Advertising and promotion | $0 |
| Office expenses | $4,740 |
| Information technology | $2,924 |
| Royalties | $0 |
| Occupancy | $11,776 |
| Travel | $75 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,524 |
| Insurance | $444 |
| All other expenses | $0 |
| Total functional expenses | $60,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,512 |
| Savings and temporary cash investments | $0 |
| 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 | $20,878 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $166,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $274,354 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $7,408 |
| 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 | $4,121 |
| Total liabilities | $11,529 |
| Net assets without donor restrictions | $249,075 |
| Net assets with donor restrictions | $13,750 |
| 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 | $274,354 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association Forum Of Chicagoland Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Of Local Service Organizations Chicago, IL | $1,821,050 | $5,596,702 |
Community Partnership Of Southeast Missouri Cape Girardeau, MO | $3,661,561 | $3,545,590 |
Embrace Living Communities Oak Brook, IL | $5,421,224 | $1,916,839 |
West Central Illinois Valley Regional Planning Commission Carlinville, IL | $116,734 | $1,781,483 |
River Cities Harvest Inc Ashland, KY | $124,307 | $1,422,149 |
Kinship Foundation Madison, WI | $510,519 | $697,956 |
Children Center Campus Kansas City, MO | $5,840,221 | $745,484 |
Gail G Ellis Foundation Inc Bannockburn, IL | $12,460,637 | $1,252,189 |
Tfi Foundation Inc Monona, WI | $5,709,720 | $2,349,042 |
Institute For People Place And Possibilities Columbia, MO | $178,375 | $526,690 |
Phelps County Hospital Foundation Rolla, MO | $2,390,333 | $1,289,157 |
Northern Illinois Center For Nonprofit Excellence Rockford, IL | $1,011,850 | $601,616 |