Belmont Central Chamber Of Commerce
- Assets
- $249.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 03/1950
- Data as of
- 12/2023
- EIN
- 36-6118338
Organization Overview
Belmont Central Chamber Of Commerce is located in Chicago, IL. The organization was established in 1950. 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. Belmont Central Chamber Of 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, Belmont Central Chamber Of Commerce generated $130.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $122.8k during the year ending 12/2023. While expenses have increased by 26.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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 Mission:
Part 3 - Line 1
BUSINESS MEMBERSHIP ORGANIZATION THAT PROVIDES SIGNIFICANT EDUCATIONAL OPPORTUNITIES TO ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3
PROVIDING TECHNICAL ASSISTANCE TO BUSINESS GROUPS IN THE CHAMBER'S DESIGNATED SERVICE AREA.
OPERATION AND MAINTENANCE OF CHAMBER ACTIVITIES IN BELMONT CENTRAL SHOPPING DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Reid Mackin Executive Director | 40 | $40,200 | |
Lawrence Lynch Board President | 1 | $0 | |
Peter Schmugge Treasurer | 1 | $0 | |
Ann Cleven Director | 1 | $0 | |
Cesar Lopez Director | 1 | $0 | |
Daniela Durand Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $115,361 |
| Membership dues | $4,940 |
| Investment income | $7,225 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $70 |
| Other Revenue | $2,400 |
| Total Revenue | $129,996 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,703 |
| Professional fees and other payments to independent contractors | $3,691 |
| Occupancy, rent, utilities, and maintenance | $4,375 |
| Printing, publications, postage, and shipping | $5,607 |
| Other expenses | $62,414 |
| Total expenses | $122,790 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $236,472 |
| Other assets | $0 |
| Total assets | $249,917 |
| Total liabilities | $0 |
| Net assets or fund balances | $249,917 |