Nacm Chicago Midwest

Organization Overview

Nacm Chicago Midwest is located in Rolling Meadows, IL. The organization was established in 1944. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. Nacm Chicago Midwest 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 03/2022, Nacm Chicago Midwest generated $326.6k 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 (5.9%) each year. All expenses for the organization totaled $182.6k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 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

EDUCATION OF MEMBERS REGARDING CREDIT MANAGEMENT AND COMMERCIAL CREDIT MATTERS; FORUM FOR NETWORKING

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION OF MEMBERS AND THE GENERAL PUBLIC REGARDING CREDIT MANAGEMENT, FRAUD PREVENTION, AND COMMERCIAL CREDIT MATTERS BY CONDUCTING CONFERENCES, SEMINARS AND TRAINING, INCLUDING THE SALE OF BOOKS & PUBLICATIONS; A FORUM FOR NETWORKING.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Stinner
Vice Chair
$0
Mike Hill
Chair
$0
Brendon Misik
Treasurer
$0
Phillip Lattanzio
President
$0
Kerry Jensen
Secretary/controller
$0
Patrick Nelson
Councilor
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$234,729
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$234,729
Total Program Service Revenue$91,862
Investment income $0
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 $326,591

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