Greater Ohare Association Of Industry & Commerce

Organization Overview

Greater Ohare Association Of Industry & Commerce is located in Itasca, IL. The organization was established in 1972. 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 12/2023, Greater Ohare Association Of Industry & Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Ohare Association Of Industry & 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 12/2023, Greater Ohare Association Of Industry & Commerce generated $441.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $461.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

OUR FOCUS IS TO PROVIDE MEMBERS WITH UNIQUE BUSINESS AND PERSONAL DEVELOPMENT THROUGH NETWORKING, EDUCATION AND MARKETING OPPORTUNITIES. WE ARE COMMITTED TO GROWING AND SUSTAINING A STRONG REGIONAL COMMUNITY BY PROVIDING BUSINESS ADVOCACY FOR OUR MEMBER COMPANIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE MEETINGS FOR MEMBERS TO PROMOTE THE IMPROVEMENT OF BUSINESS CONDITIONS IN THE LOCAL AREA AND TO DISSEMINATE INFORMATION TO MEMBERS


PROVIDE SEMINARS TO MEMBERS TO PROVIDE INFORMATION RELEVANT TO THE IMPROVEMENT OF LOCAL BUSINESS CONDITIONS


PROVIDE DATA ON LOCAL AREA BUSINESS CONDITIONS THROUGH SURVEY INFORMATION AND NEWSLETTERS


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Board, Officers & Key Employees

Name (title)Compensation
Eileen Brown
Chairman
$0
Gary Becker
Past Chair
$0
Antonino Bondi
Treasurer
$0
E Jason Tremblay
Of Council
$0
Harry Channon
Director
$0
Matthew Harrold
Chair Elect
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$236,706
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$236,706
Total Program Service Revenue$130,325
Investment income $445
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $73,735
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $441,211

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