Trusted Advisors Council
- Assets
- $78.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 81-4109813
Organization Overview
Trusted Advisors Council is located in Schaumburg, IL. The organization was established in 2019. 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. Trusted Advisors Council 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 12/2022, Trusted Advisors Council generated $45.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $67.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
MEETINGS, CONFERENCES, AND EVENTS FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen K Snodgrass Treasurer | 2 | $0 | |
Michael Kwon President | 2 | $0 | |
Clark Neuhoff Secretary | 2 | $0 | |
Joseph Gurreri Director | 1 | $0 | |
Daniel Karnatz Director | 1 | $0 | |
Lorena Blonsky Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,907 |
| Membership dues | $33,216 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,123 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,773 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63,670 |
| Total expenses | $67,443 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,784 |
| Other assets | $0 |
| Total assets | $78,259 |
| Total liabilities | $325 |
| Net assets or fund balances | $77,934 |