Greater Oak Brook Chamber Of Commerce Economic Dvlpmnt Prtnrshp
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 01/2015
- Data as of
- 02/2022
- EIN
- 47-1557147
Organization Overview
Greater Oak Brook Chamber Of Commerce Economic Dvlpmnt Prtnrshp is located in Oak Brook, IL. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Greater Oak Brook Chamber Of Commerce Economic Dvlpmnt Prtnrshp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2022, Greater Oak Brook Chamber Of Commerce Economic Dvlpmnt Prtnrshp generated $143.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $140.7k during the year ending 02/2022. While expenses have increased by 5.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CHAMBER WORKS WITH OAK BROOK AND OAKBROOK TERRACE COMPANIES, LOCALLY AND REGIONALLY, TO BRING MORE OPPORTUNITIES TO BUSINESSES IN THE COMMUNITY. THEY ALSO PARTNER WITH EMPLOYERS ON WORKER RECRUITMENT AND RETENTION TO STRENGTHEN THE LOCAL WORKFORCE. THE CHAMBER ADVOCATES FOR OAK BROOK AND OAKBROOK TERRACE BUSINESS INTERESTS IN LOCAL, STATE AND FEDERAL GOVERNMENT. THEY ARE A LEADER FOR INITIATIVES THAT IMPROVE OAK BROOK AND OAKBROOK TERRACE'S INFRASTRUCTURE AND CREATE OPPORTUNITIES AND INCENTIVES FOR LOCAL COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Carlin President & CEO | 27 | $0 | |
Kathy Hardy Treasurer | 5 | $0 | |
Dan Wagner Chairwoman | 5 | $0 | |
Jackie Lorenty Secretary | 5 | $0 | |
Finny Rajchel Vice President | 5 | $0 | |
Erik Beck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,389 |
| Total Program Service Revenue | $0 |
| Membership dues | $33,793 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $143,182 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $93,135 |
| Professional fees and other payments to independent contractors | $32,159 |
| Occupancy, rent, utilities, and maintenance | $1,135 |
| Printing, publications, postage, and shipping | $27 |
| Other expenses | $14,203 |
| Total expenses | $140,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $41,164 |
| Net assets or fund balances | -$41,164 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Oak Brook Chamber Of Commerce Economic Dvlpmnt Prtnrshp has recieved totaling $11,018.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $11,018 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |