Palos Area Chamber Of Commerce
- Assets
- $41.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palos Heights, IL
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 36-3686161
Organization Overview
Palos Area Chamber Of Commerce is located in Palos Heights, IL. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palos Area 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 12/2022, Palos Area Chamber Of Commerce generated $48.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
2022
Describe the Organization's Program Activity:
Part 3
OUR COMMUNITY IS ENRICHED BY THE SERVICES OUR MEMBERS PROVIDE AND WE IN TURN, SUPPORT THEM WITH A WIDE RANGE OF SERVICES AND BENEFITS INCLUDING PLACEMENT IN THE ONLINE MEMBER DIRECTORY, A MONTHLY EMAIL NEWSLETTER AND MEMBERSHIP MEETINGS FEATURING TIMELY PROGRAMS AND NETWORKING OPPORTUNITIES.CHAMBER MEMBERS UNDERSTAND THE IMPORTANCE OF CIVIC RESPONSIBILITY AND TAKE GREAT PRIDE IN THE GROWTH AND DEVELOPMENT OF OUR COMMUNITY. THE PALOS AREA CHAMBER OF COMMERCE IS COMMITTED TO PROMOTING THE BUSINESS COMMUNITY AND THE MANY WONDERFUL AMENITIES OUR CITY OFFERS TO BOTH RESIDENTS AND GUESTS AND IS DEDICATED TO MAKING THE PALOS AREA A WONDERFUL AND CONVENIENT PLACE TO LIVE, WORK, VISIT AND BUILD A BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Probasco President | 10 | $0 | |
Tricia Trendle Vice President | 5 | $0 | |
James Daemicke Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $29,502 |
| Membership dues | $17,995 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $747 |
| Total Revenue | $48,244 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $196 |
| Other expenses | $51,813 |
| Total expenses | $52,009 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,973 |
| Other assets | $0 |
| Total assets | $40,973 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,973 |