Cimro
- Assets
- $6.0m
- Revenue
- $1.9m
- Investments
- $1.2m
- Employees
- 12
- Location
- Champaign, IL
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 37-1166375
Organization Overview
Cimro is located in Champaign, IL. The organization was established in 2003. 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. As of 12/2023, Cimro employed 12 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Cimro 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, Cimro generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL PEER REVIEW AND OTHER MEDICAL QUALITY IMPROVEMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEER REVIEW ORGANIZATION PERFORMING PATIENT CARE REVIEW FOR STATE GOVERNMENTS AND PRIVATE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Belford MD Vice-Chair | OfficerTrustee | 1 | $2,700 |
Dan Holdhusen Bs Member | Trustee | 1 | $2,300 |
Ronald L Johnson MD Chair | OfficerTrustee | 1 | $2,506 |
Deborah K Mcdermott MD Secretary/treasurer | OfficerTrustee | 1 | $1,350 |
Kristin Rodriguez Ms Member | Trustee | 1 | $1,700 |
Phillip Rowell JD Member | Trustee | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,705,219 |
| Investment income | $158,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,865,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $920,030 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,105 |
| Pension plan accruals and contributions | $52,096 |
| Other employee benefits | $56,700 |
| Payroll taxes | $91,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,471 |
| Fees for services: Accounting | $31,432 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,292 |
| Advertising and promotion | $0 |
| Office expenses | $6,817 |
| Information technology | $39,774 |
| Royalties | $0 |
| Occupancy | $72,198 |
| Travel | $7,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,202 |
| Insurance | $62,267 |
| All other expenses | $12,518 |
| Total functional expenses | $2,083,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,726 |
| Savings and temporary cash investments | $3,503,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,966 |
| 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 | $276,748 |
| Net Land, buildings, and equipment | $4,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,184,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $332,201 |
| Total assets | $5,963,132 |
| Accounts payable and accrued expenses | $32,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $329,968 |
| Total liabilities | $362,477 |
| Net assets without donor restrictions | $5,600,655 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,963,132 |