Central Illinois Chamber Of Commerce
- Assets
- $951.8k
- Revenue
- $675.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Decatur, IL
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 37-0159790
Organization Overview
Central Illinois Chamber Of Commerce, operating under the name Decatur Regional Chamber Of Commerc, is located in Decatur, IL. The organization was established in 1942. 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 06/2023, Decatur Regional Chamber Of Commerc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur Regional Chamber Of Commerc 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 06/2023, Decatur Regional Chamber Of Commerc generated $675.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $668.9k during the year ending 06/2023. While expenses have increased by 0.6% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ATTRACT NEW BUSINESSES AND RETAIN EXISTING BUSINESSES IN THE DECATUR AREA. ACTIVITIES CONDUCTED TO DRAW INDIVIDUALS FROM SURROUNDING AREAS TO REFLECT A POSITIVE OUTLOOK AND REPUTATION OF DECATUR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DECATUR REGIONAL CHAMBER OF COMMERCE (DRCC) WAS CHARTERED ON JULY 3, 1903, BUT TRACES ITS ROOTS BACK TO THE 1887 FORMATION OF THE DECATUR BOARD OF TRADE. THE DRCC IS RECOGNIZED AS THE SECOND OLDEST CHAMBER OF COMMERCE IN THE STATE OF ILLINOIS AND CELEBRATED ITS 130TH ANNIVERSARY IN 2017. THE CHAMBER'S MISSION IS TO BE A PRO-BUSINESS NETWORK PROVIDING SERVICE, POLITICAL ADVOCACY AND LEADERSHIP TO STRENGTHEN EDUCATION, COMMUNITY IMAGE, AND LOCAL BUSINESSES. THE DECATUR REGIONAL CHAMBER OF COMMERCE IS THE VOICE OF BUSINESS PROMOTING OPPORTUNITY, GROWTH AND PROSPERITY IN LOCAL COMMERCE. DRCC CARRIED ON THE FOLLOWING ACTIVITES: METRO MONEY, AG CAFE, ENERGY PROGRAM, BUSINESS AFTER HOURS, THE DECATUR LEADERSHIP INSTITUTE, AND VARIOUS OTHER EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Birschbach Director/pas | Trustee | $0 | |
Tom Brinkoetter Director/cha | OfficerTrustee | $0 | |
Kathy Byerly Director | Trustee | $0 | |
Jared Collier Director | Trustee | $0 | |
Matt Fairchild Director | Trustee | $0 | |
Steve Gensler Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $304,536 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,750 |
| Total Program Service Revenue | $321,378 |
| Investment income | $7,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,654 |
| 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 | $343,360 |
| Pension plan accruals and contributions | $13,126 |
| Other employee benefits | $9,323 |
| Payroll taxes | $26,794 |
| Fees for services: Management | $0 |
| 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 | $931 |
| Advertising and promotion | $0 |
| Office expenses | $44,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,739 |
| Insurance | $7,580 |
| All other expenses | $10,978 |
| Total functional expenses | $668,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $379,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,365 |
| 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 | $2,320 |
| Net Land, buildings, and equipment | $5,087 |
| Investments—publicly traded securities | $560,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $951,781 |
| Accounts payable and accrued expenses | $121,885 |
| Grants payable | $0 |
| Deferred revenue | $4,950 |
| 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 | $126,835 |
| Net assets without donor restrictions | $820,325 |
| Net assets with donor restrictions | $4,621 |
| 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 | $951,781 |