Illinois Chamber Foundation
- Assets
- $15.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 02/1972
- Data as of
- 12/2023
- EIN
- 23-7166733
Organization Overview
Illinois Chamber Foundation is located in Springfield, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Chamber Foundation 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 12/2023, Illinois Chamber Foundation generated $52.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $99.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
RAISE AND EXPEND FUNDS TO PROVIDE RESEARCH AND EDUCATION TO BUSINESSES ON ISSUES THAT MAY HAVE OPERATIONAL OR FINANCIAL IMPACTS ON THEIR BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Weyhenmeyer Director | 0.5 | $0 | |
Rick Newfield Director | 0.5 | $0 | |
Christian Helmetag Director | 0.5 | $0 | |
Ray Drake Chairman | 0.5 | $0 | |
Joe Dively Secretary | 0.5 | $0 | |
Michael Moses Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25 |
| Total Program Service Revenue | $52,360 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,385 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,955 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $97,950 |
| Total expenses | $99,905 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,812 |
| Other assets | $0 |
| Total assets | $15,812 |
| Total liabilities | $70,342 |
| Net assets or fund balances | -$54,530 |