Cary-Grove Area Chamber Of Commerce
- Assets
- $288.4k
- Revenue
- $263.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Cary, IL
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 36-3809123
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 7 years, revenues have fallen by an average of (2.5%) 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 (3.9%) 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
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) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lind Chairman Of The Board | OfficerTrustee | 2 | $0 |
Sandra Nies Vice Chariman | OfficerTrustee | 2 | $0 |
Shannon Morreale Treasurer | OfficerTrustee | 2 | $0 |
Lynn Caccavallo President/ceo/secretary | OfficerTrustee | 40 | $84,701 |
Brandy Benyo Member At Large | OfficerTrustee | 2 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,155 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,701 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,412 |
| Pension plan accruals and contributions | $720 |
| Other employee benefits | $0 |
| Payroll taxes | $9,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24 |
| Fees for services: Accounting | $1,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,995 |
| Office expenses | $15,073 |
| Information technology | $6,844 |
| Royalties | $0 |
| Occupancy | $12,473 |
| Travel | $757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,378 |
| All other expenses | $0 |
| Total functional expenses | $241,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,980 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $71,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $288,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $288,375 |
| 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 | $288,375 |