Cary-Grove Area Chamber Of Commerce

Organization Overview

Cary-Grove Area Chamber Of Commerce is located in Cary, IL. The organization was established in 1999. 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 12/2022, Cary-Grove Area Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cary-Grove 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, Cary-Grove Area Chamber Of Commerce generated $263.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $241.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SUPPORT TO THE GROWTH AND DEVELOPMENT OF THE BUSINESS COMMUNITY AND TO IMPROVE THE QUALITY OF LIFE FOR THOSE WHO LIVE AND WORK IN THE CARY AND FOX RIVER GROVE AREA

Describe the Organization's Program Activity:

Part 3 - Line 4a

GOLF OUTING, EXPENSES $18,235 REVENUE $36,521 GOLF OUTING IS HELD AT A LOCAL GOLF COURSE AND PROVIDES A GREAT EVENT TO NETWORK WITH LOCAL BUSINESS PEOPLE.


MERRY CARY PARADE, EXPENSES $3,906 REVENUE $15,045 THE EVENT IS HELD IN CONJUNCTION WITH THE VILLAGE OF CARY AND OTHER LOCAL BUSINESSES. EVENT FEATURES A HOLIDAY PARADE, VARIOUS FOOD VENDORS, AND OTHER ENTERTAINMENT. PROVIDES GREAT EVENT FOR LOCAL BUSINESSES TO PROMOTE THEMSELF TO THE COMMUNITY.


CRUISE NIGHT, EXPENSES $5,250 REVENUE $24,779 EVENT ON WEDNESDAY EVENINGS IN SUMMER SHOWCASING VARIOUS MAKES OF AUTOMOBILES ON MAIN STREET IN DOWNTOWN CARY. PROVIDES GREAT EVENT FOR LOCAL BUSINESSES TO PROMOTE THEMSELF TO THE LOCAL COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Lynn Caccavallo
President/ceo/secretary
$84,701
Scott Lind
Chairman Of The Board
$0
Sandra Nies
Vice Chariman
$0
Shannon Morreale
Treasurer
$0
Brandy Benyo
Member At Large
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$125,124
Fundraising events$0
Related organizations$0
Government grants $0
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$125,124
Total Program Service Revenue$120,790
Investment income $5,369
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 $263,318

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