Mexican American Chamber Of Commerce Of Illinois Inc
- Assets
- $250.5k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Chicago, IL
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 36-3778777
Organization Overview
Mexican American Chamber Of Commerce Of Illinois Inc, operating under the name Illinois Hispanic Chamber Of Commer, is located in Chicago, IL. The organization was established in 1994. 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. As of 12/2022, Illinois Hispanic Chamber Of Commer employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Hispanic Chamber Of Commer 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, Illinois Hispanic Chamber Of Commer generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 10.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A STRONG ADVOCATE FOR BUSINESS ISSUES. THE CHAMBER ALSO PROVIDES TECHNICAL AND GENERAL ASSISTANCE TO ENTREPRENEURS TO BE COMPETITIVE IN TODAY'S ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS TRANSPORTATION RESOURCE CENTER(SBRTC) MISSION IS TO INCREASE THE NUMBER OF SMALL BUSINESSES THAT ARE PREPARED TO COMPETE FOR, AND ENTER INTO, TRANSPORTATION RELATED PRIME AND SUBCONTRACT OPPORTUNITIES. THE PURPOSE OF THE SBTRC IS TO OFFER A COMPREHENSIVE DELIVERY SYSTEM OF: ONE- ON-ONE BUSINESS COUNSELING; ACCESS TO CAPITAL ASSISTANCE/SHORT TERM LENDING; BONDING ASSISTANCE; AND ADMINISTRATION OF THE WOMEN AND GIRLS IN TRANSPORTATION INITIATIVE.
DCEO COMMUNITY NAVIGATOR. PROGRAM THAT WORKS IN PARTNERSHIP WITH 7 CHAMBERS OF COMMERCE IN ILLINOIS TO PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS IN OBTAINING GRANTS, CAPITAL, LOANS AND MORE.
CC4G-TOLLWAY PROGRAM IS DESIGNED TO ASSIST SMALL MINORITY AND WOMEN OWNED CONSRUCTION BUSINESSES WITH INCREASING THEIR CAPACITY,COMPETIVENESS, AND CONTRACTING OPPORTUNITIES WITH THE ILLINOIS TOLLWAY. PLACES A HEAVY EMPHASIS ON INDIVIUALIZED STRATEGIC COACHING SESSIONS AS A CRITICAL ELEMENT TO ENHANCE BUSINESS PRACTICES AND PROMOTE GROWTH. THESE INDIVIDUAL COACHING SESSIONS ARE DESIGNED TO PROVIDE ASSISTANCE AND GUIDANCE TO SPECIFIC ITEMS THAT IMPACT THIER BUSINESS.
ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) DEDICATED TO HELPING NEW ENTREPRENEURS REALIZE THEIR DREAM OF BUSINESS OWNERSHIP, AND EXISTING BUSINESSESACCESS NETWORKS TO GROW THIER BUSINESS AND DELIVER LONG-TERM POSITIVE ECONOMIC IMPACT. THE CENTER ASSISTS ENTREPRENEURS IN ALL PHASES OF THIER BUSINESS GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Bastuga Director | Trustee | $0 | |
Matt Gambs Director | Trustee | $0 | |
Guillermo Garcia Secretary & | Trustee | $0 | |
Juan Gaytan Chair | Trustee | $0 | |
Mayra Khan Director | Trustee | $0 | |
Jose Maldonado Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $136,877 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,356,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,093,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,586,718 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,579 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,664,300 |
| 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 | $1,231,863 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,666 |
| Payroll taxes | $117,736 |
| Fees for services: Management | $694,954 |
| 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 | $0 |
| Fees for services: Other | $144,530 |
| Advertising and promotion | $71,749 |
| Office expenses | $164,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,591 |
| Travel | $92,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $841 |
| Insurance | $11,667 |
| All other expenses | $0 |
| Total functional expenses | $2,772,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,845 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,977 |
| Accounts receivable, net | $159,424 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,408 |
| Total assets | $250,484 |
| Accounts payable and accrued expenses | $58,357 |
| 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 | $658,253 |
| Total liabilities | $716,610 |
| Net assets without donor restrictions | -$466,126 |
| 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 | $250,484 |