Visit Oak Park
- Assets
- $249.7k
- Revenue
- $764.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Oak Park, IL
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 36-3919968
Organization Overview
Visit Oak Park is located in Oak Park, IL. The organization was established in 1994. 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. Visit Oak Park 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 06/2022, Visit Oak Park generated $764.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $733.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE OAK PARK AREA INCLUDING PLACING ADVERTISEMENTS IN NATIONAL AND REGIONAL TRAVEL MAGAZINES AND HOSTING SPECIAL EVENTS WITHIN THE OAK PARK AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISIT OAK PARK (VOP), AN ILLINOIS NOT-FOR-PROFIT ORGANIZATION, IS THE STATE-CERTIFIED CONVENTION AND VISITORS BUREAU FOR WESTERN COOK COUNTY, REPRESENTING THE COMMUNITIES OF BELLWOOD, BERKELEY, BROADVIEW, BROOKFIELD, ELMWOOD PARK, FOREST PARK, FRANKLIN PARK, HILLSIDE, MAYWOOD, MELROSE PARK, NORTHLAKE, NORTH RIVERSIDE, OAK PARK, RIVER FOREST, RIVER GROVE, RIVERSIDE, SCHILLER PARK, AND WESTCHESTER. VOP FULFILLS ITS MISSION AND OBJECTIVES PRIMARILY BY PLACING ADVERTISEMENTS IN NATIONAL AND REGIONAL TRAVEL PUBLICATIONS, AND HOSTING SPECIAL EVENTS WITHIN THE OAK PARK AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Prescott President | OfficerTrustee | 20 | $0 |
Jennifer Fournier Vice Chair | OfficerTrustee | 3 | $0 |
Laurie Kokenes Treasurer | OfficerTrustee | 3 | $0 |
Keith Strom Secretary | OfficerTrustee | 3 | $0 |
John J Binder PHD Director | Trustee | 1 | $0 |
Susan Crane Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $764,447 |
| Investment income | $123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $764,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,250 |
| Pension plan accruals and contributions | $4,205 |
| Other employee benefits | $12,724 |
| Payroll taxes | $12,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,731 |
| Fees for services: Accounting | $58,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $425,394 |
| Office expenses | $0 |
| Information technology | $21,233 |
| Royalties | $0 |
| Occupancy | $8,224 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,236 |
| All other expenses | $0 |
| Total functional expenses | $733,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $675 |
| Total assets | $249,703 |
| Accounts payable and accrued expenses | $167 |
| Grants payable | $0 |
| Deferred revenue | $65,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,167 |
| Net assets without donor restrictions | $184,536 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $184,536 |