Hoffman Estates Chamber Of Commerce And Industry
- Assets
- $125.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hoffman Estates, IL
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 36-3724541
Organization Overview
Hoffman Estates Chamber Of Commerce And Industry is located in Hoffman Estates, IL. The organization was established in 1994. 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. Hoffman Estates 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 12/2021, Hoffman Estates Chamber Of Commerce And Industry generated $149.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $156.7k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
ORGANIZATION AND DEVELOPMENT OF LOCAL BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gigi Jover-Ledesma Treasurer | 10 | $0 | |
John Ericson Past Chair | 10 | $0 | |
Allen S Gabe Legal Counsel | 2 | $0 | |
George Moser Director Emeritus | 2 | $0 | |
Linda Dressler Vice Chair | 2 | $0 | |
Mayor Bill Mcleod Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,063 |
| Total Program Service Revenue | $10,637 |
| Membership dues | $77,865 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $46,280 |
| Other Revenue | $0 |
| Total Revenue | $149,868 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $116,280 |
| Professional fees and other payments to independent contractors | $11,755 |
| Occupancy, rent, utilities, and maintenance | $8,515 |
| Printing, publications, postage, and shipping | $1,125 |
| Other expenses | $19,010 |
| Total expenses | $156,685 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,181 |
| Other assets | $0 |
| Total assets | $125,325 |
| Total liabilities | $74,690 |
| Net assets or fund balances | $50,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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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 |