Lombard Area Chamber Of Commerce And Industry
- Assets
- $51.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lombard, IL
- Founding
- 02/1980
- Data as of
- 12/2020
- EIN
- 23-7192831
Organization Overview
Lombard Area Chamber Of Commerce And Industry is located in Lombard, IL. The organization was established in 1980. 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. Lombard Area Chamber Of Commerce And Industry 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 12/2020, Lombard Area Chamber Of Commerce And Industry generated $108.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $123.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne Invergo Former Exec Dir | 0 | $59,257 | |
Christine Cerone Chair Of Board | 5 | $0 | |
Pam Lohman Past Chairman | 2 | $0 | |
Joe Orsolini Treasurer | 5 | $0 | |
Rick Galfano Director | 0 | $0 | |
Linda Susmilch Vice Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,000 |
| Total Program Service Revenue | $21,011 |
| Membership dues | $63,773 |
| Investment income | $441 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,417 |
| Total Revenue | $108,642 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,940 |
| Professional fees and other payments to independent contractors | $2,171 |
| Occupancy, rent, utilities, and maintenance | $16,539 |
| Printing, publications, postage, and shipping | $405 |
| Other expenses | $30,656 |
| Total expenses | $123,711 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,446 |
| Other assets | $0 |
| Total assets | $51,446 |
| Total liabilities | $16,840 |
| Net assets or fund balances | $34,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |