Will County Chamber Of Commerce

Organization Overview

Will County Chamber Of Commerce, operating under the name Will County Center For Economic Development, is located in Joliet, IL. The organization was established in 1995. 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, Will County Center For Economic Development employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Will County Center For Economic Development 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, Will County Center For Economic Development generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 2.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO DIVERSIFY AND STRENGTHEN THE LOCAL ECONOMY, TO STIMULATE THE CREATION OF NEW JOBS, TO GENERATE SPENDABLE INCOME, TO INDUCE CAPITAL INVESTMENT AND BROADEN THE TAX BASE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS RECRUITMENT - ASSIST IN THE RECRUITMENT OF BUSINESS AND INDUSTRY TO WILL COUNTY BY PROVIDING INFORMATION ON COMMUNITIES, AVAILABLE PROPERTIES, DEMOGRAPHICS, INCENTIVES, ETC., AND THROUGH TARGET INDUSTRY MARKETING. THE CHAMBER SERVES AS A "ONE STOP SHOP" FOR BUSINESS DEVELOPMENT SERVICES.


JOLIET CITY CENTER PARTNERSHIP - THE MISSION OF THE CCP IS TO PROMOTE THE ECONOMIC DEVELOPMENT, MARKETING MANAGEMENT, AND SOCIAL PROGRAMMING, TO ENSURE THE REALIZATION OF THE CITY CENTER MASTER PLAN. INCLUDED IN THE MASTER PLAN IS ATTRACTING BUSINESS TO DOWNTOWN JOLIET CITY CENTER.


GOVERNMENTAL AFFAIRS - MONITORS THE ACTIVITIES OF THE PUBLIC SECTOR AT ALL LEVELS TO ENSURE THAT EXISTING AND PROPOSED PUBLIC POLICY IS GOOD FOR BUSINESS.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Shride
Director
$0
Jennifer Bertino-Tarrant
Director
$0
Ragan Freitag Pattison
Director
$0
Daniel Malinowski Pe
Director
$0
George F Mahoney III
Director
$0
Eric Pitcher
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,055,200
Fundraising events$0
Related organizations$0
Government grants $71,578
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$1,126,778
Total Program Service Revenue$671,708
Investment income $76,134
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 $1,891,701

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