Lindenhurst-Lake Villa Chamber Of Commerce
- Assets
- $45.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lindenhurst, IL
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 36-4532433
Organization Overview
Lindenhurst-Lake Villa Chamber Of Commerce is located in Lindenhurst, IL. The organization was established in 2004. 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. Lindenhurst-Lake Villa 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 12/2021, Lindenhurst-Lake Villa Chamber Of Commerce generated $45.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $29.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.2%) 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
2021
Describe the Organization's Program Activity:
Part 3
THE LAKE VILLA, LINDENHURST, ROUND LAKE AREA CHAMBER OF COMMERCE IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE COMMERCIAL, INDUSTRIAL, CIVIC AND GENERAL INTEREST OF THE VILLAGES OF LINDENHURST,LAKE VILLA,LAKE VILLA TOWNSHIP AND ROUND LAKE AREA. THE NAME WAS CHANGED TO THE LAKE VILLA, LINDENHURST, ROUND LAKE AREA CHAMBER OF COMMERCE TO REFLECT THE CURRENT AREA OF COVERAGE.THE CHAMBER CONDUCTS MEETINGS, LUNCHEONS OF THE GENERAL MEMBERSHIP AND WOMEN IN BUSINESS, PROMOTES AFTER HOUR MIXERS, GIVES SCHOLARSHIPS, HOSTS A GOLF TOURNAMENT, PROVIDES A COMMUNITY GUIDE AND ELECTRONIC NEWSLETTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Halterman Director | 2 | $0 | |
Dan Venturi Director | 2 | $0 | |
Joanne Osmond Director | 2 | $0 | |
Dominic Marturano Director | 2 | $0 | |
Nina Kenney Director | 2 | $0 | |
Connie Barszcz Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,018 |
| Membership dues | $30,493 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,511 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,075 |
| Professional fees and other payments to independent contractors | $195 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $158 |
| Other expenses | $14,559 |
| Total expenses | $28,962 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,525 |
| Other assets | $0 |
| Total assets | $45,525 |
| Total liabilities | $0 |
| Net assets or fund balances | $45,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
National Association Of Electrical Distributors St Louis, MO | $12,015,051 | $10,580,917 |
Chicagoland Entrepreneurial Center Chicago, IL | $5,911,149 | $8,140,473 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
Property Loss Research Bureau Downers Grove, IL | $29,282,847 | $8,342,411 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Residential Real Estate Council Chicago, IL | $27,056,402 | $11,169,926 |
Engine Manufacturers Association Chicago, IL | $15,542,068 | $8,146,219 |
National Board Of Certification And Recert Of Nurse Anesthetists Chicago, IL | $34,872,411 | $14,011,594 |