Civic Intelligence

Chicagoland Chamber of Commerce Foundation

990 • Fiscal year 2019 • EIN 23-7334589

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

Organization ProfileWWW.CHICAGOLANDCHAMBER.ORG
410 N MICHIGAN AVENUE Suite 900Chicago, IL 60611

(312) 494-6700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.11x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

39th percentile

0.05x

Higher debt load relative to revenue than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$389,488

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 39.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

19th percentile

-5.4%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$422,695

Down $24,200 (-5.4%) from 2018

Net Assets

Up

$375,116

Up $44 (+0.0%) from 2018

Liabilities

Down

$47,579

Down $24,244 (-34%) from 2018

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin39th percentile

Revenue

Down

$980,273

Down $157,107 (-14%) from 2018

Expenses

Down

$980,229

Down $251,663 (-20%) from 2018

Net Income

Up

$44

Up $94,556 (+100%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2011: $255,061Liabilities 2011: $240,454Net Assets 2011: $14,6072011Assets 2012: $328,053Liabilities 2012: $349,355Net Assets 2012: -$21,3022012Assets 2013: $531,278Liabilities 2013: $302,230Net Assets 2013: $229,0482013Assets 2014: $566,867Liabilities 2014: $4,623Net Assets 2014: $562,2442014Assets 2015: $631,998Liabilities 2015: $33,238Net Assets 2015: $598,7602015Assets 2016: $728,719Liabilities 2016: $42,736Net Assets 2016: $685,9832016Assets 2017: $679,596Liabilities 2017: $210,012Net Assets 2017: $469,5842017Assets 2018: $446,895Liabilities 2018: $71,823Net Assets 2018: $375,0722018Assets 2019: $422,695Liabilities 2019: $47,579Net Assets 2019: $375,1162019Assets 2020: $522,919Liabilities 2020: $76,942Net Assets 2020: $445,9772020Assets 2021: $212,261Liabilities 2021: $132,313Net Assets 2021: $79,9482021Assets 2022: $121,967Liabilities 2022: $45,149Net Assets 2022: $76,8182022Assets 2023: $179,337Liabilities 2023: $175,351Net Assets 2023: $3,9862023Assets 2024: $166,506Liabilities 2024: $311,447Net Assets 2024: -$144,9412024

Highlighted filing

2019

Assets$422,695
Liabilities$47,579
Net Assets$375,116
Open 2019 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $481,3412011Expenses 2012: $780,5002012Expenses 2013: $282,7462013Revenue 2014: $534,699Expenses 2014: $201,503Net Income 2014: $333,1962014Revenue 2015: $219,488Expenses 2015: $182,972Net Income 2015: $36,5162015Revenue 2016: $460,120Expenses 2016: $372,897Net Income 2016: $87,2232016Revenue 2017: $369,749Expenses 2017: $586,148Net Income 2017: -$216,3992017Revenue 2018: $1,137,380Expenses 2018: $1,231,892Net Income 2018: -$94,5122018Revenue 2019: $980,273Expenses 2019: $980,229Net Income 2019: $442019Revenue 2020: $422,930Expenses 2020: $352,069Net Income 2020: $70,8612020Revenue 2021: $387,196Expenses 2021: $753,225Net Income 2021: -$366,0292021Revenue 2022: $336,733Expenses 2022: $339,863Net Income 2022: -$3,1302022Revenue 2023: $233,817Expenses 2023: $306,649Net Income 2023: -$72,8322023Revenue 2024: $187,351Expenses 2024: $336,278Net Income 2024: -$148,9272024

Highlighted filing

2019

Revenue$980,273
Expenses$980,229
Net Income$44
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.1
Gross Receipts
$1,155,134
Mission and Program Overview

Mission

The chamber foundation affects change by researching key issues, formulating arguments and initiatives, developing options and informing the collective thinking of business, government, and civic leaders.

The chamber foundation coordinates educational resources, programs, and research to advance the activities of the chamber.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$303,612$303,854▲ $242
Accounts Receivable$55,394$60,676▲ $5,282
Cash and Non-Interest-Bearing Accounts$85,947$56,977▼ $28,970
Prepaid Expenses and Deferred Charges$1,942$1,188▼ $754
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$446,895$422,695▼ $24,200
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$24,299$30,000▲ $5,701
Other Liabilities$47,524$17,579▼ $29,945
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$71,823$47,579▼ $24,244
Net Assets / Fund Balance
Unrestricted Net Assets$143,751$246,814▲ $103,063
Temporarily Rstr Net Assets$214,821$128,302▼ $86,519
Permanently Rstr Net Assets$16,500$0▼ $16,500
Total Net Assets Fund Balance$375,072$375,116▲ $44
Total Liabilities and Net Assets / Fund Balance$446,895$422,695▼ $24,200
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Jack LavinPresident & CEO
Matthew SummyVice President
Valerie Corr HanserdDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,154,883
Program Service Revenue
$0
Investment Income
$251
Other Revenue
$-174,861
All Other Contributions
$921,683
Change in Net Assets
$44

Audited Revenue Reconciliation

Revenue per Audited Statements
$980,273
Revenue Not Reported on Form 990
$174,861
Total Revenue per Audited Statements
$1,155,134
Total Revenue per Form 990
$980,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$801,080
Salaries, Compensation, and Employee Benefits$163,678
Grants and Similar Amounts Paid$15,471
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,967$103,153-$105,120
Fees for Services Other$61,330--$61,330
Conferences and Meetings$46,952$1,112-$48,064
Other Employee Benefits-$47,992-$47,992
Office Expenses$33,812$3,896-$37,708
Occupancy$9,956$15,502-$25,458
Grants to Domestic Orgs$15,471--$15,471
Payroll Taxes-$10,566-$10,566
Fees for Services Accounting-$8,500-$8,500
Information Technology$101$7,127-$7,228
Travel$1,527$1,527-$3,054
Insurance-$950-$950
Fees for Services Management-$429-$429
Other Expenses$2,700$275$0$275
Advertising$217--$217
All Other Expenses-$17-$17
Total Functional Expenses$779,033$201,196$0$980,229

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,155,090
Expenses per Audited Statements$980,229
Total Expenses per Form 990$980,229
Expenses Not Reported on Form 990$174,861
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$174,861
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Burnham Dinner$233,200-$68,261-
Total Events$233,200-$174,861$-174,861
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$17,579
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

“The governing body takes minutes of each meeting held, but in fy19, there were no board meetings held.”

Form 990, Part VI, Section A, Line 8B

“The governing body takes minutes of each meeting held, but in fy19, there were no board meetings held.”

Form 990, Part VI, Section B, Line 11B

“Before the 990 is filed with the irs, it is reviewed by the controller and chamber ceo. Following their review, it is reviewed by a member of the finance and audit committee. The board passed a resolution to give the finance committee the responsibility of approving the 990.”

Form 990, Part VI, Section B, Line 12C

“The chamber foundation has its board conduct annual reviews and updates to their conflict of interest statements.”

Form 990, Part VI, Section B, Line 15A

“A related organization compensates the executive director and is reimbursed for this expense by the organization. The compensation is approved by the ceo of the related organization. Various surveys and other sources containing salary information are used in determining compensation. The process includes contemporaneous substantiation of the decision. This was last done in 2016.”

Form 990, Part VI, Section B, Line 15B

“The organization does not have other officers or key employees that are compensated.”

Form 990, Part VI, Section C, Line 19

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Chicagoland Chamber of Commerce Foundation
EIN
23-7334589
In Care Of
% JILL SYNOGA
Phone
3124946700
Address
410 N MICHIGAN AVENUE Suite 900, CHICAGO, IL 60611

Signing Officer

Name
John Lavin
Title
Vice Chair
Phone
3124946700
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lavin
Formed
1972
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
2

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
David R Siehoff
Phone
6302829500
Supplemental Narrative

Financial Statement Notes

ASC 740 Footnote

“Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Schedule D, Part XI, Line 2D

“Fundraising expenses included in income: $174,861”

Schedule D, Part XII, Line 2D

“Fundraising expenses included in income: $174,861”

Raw XML AppendixShowing 400 of 543 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherLiabilitiesGrp/EOYAmt017579
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0103153
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01967
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105120
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010566
IRS990/PayrollTaxesGrp/TotalAmt010566
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt016500
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01942
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01188
IRS990/PrincipalOfficerNm0JOHN LAVIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0TALENT PROGRAM: DEVELOP INNOVATIVE WORKFORCE SOLUTIONS THAT WILL HELP COMPANIES PROVIDE THEIR EMPLOYEES WITH ADDITIONAL SKILLS TO EXPAND THEIR CAPABILITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08198
IRS990/ProgSrvcAccomActy3Grp/Desc0CHAMBER LEADERSHIP ACADEMY: PROVIDES TECHNOLOGY TRAINING IN CLOUD COMPUTING, WEBSITE MAINTENANCE AND ANALYTICS AND ONLINE MARKETING TO LOCAL CHAMBERS AND ECONOMIC DEVELOPMENT CENTERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0905
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE CHICAGO OPPORTUNITY EXCHANGE
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Grants - Workforce Development
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0575000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01310255
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08000
IRS990/PYInvestmentIncomeAmt0273
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0889401
IRS990/PYOtherRevenueAmt0-173148
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-94512
IRS990/PYSalariesCompEmpBnftPaidAmt0334491
IRS990/PYTotalExpensesAmt01231892
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01137380
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt044
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0303612
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0303854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01154883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01310255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0549102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0638652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0219008
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03871900
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0251
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0273
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0480
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01593
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75026
IRS990ScheduleA/PublicSupportPY170Pct00.81095
IRS990ScheduleA/PublicSupportTotal170Amt02906129
IRS990ScheduleA/SubstantialContributorsTotAmt0965771
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01154883
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01310255
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0549102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0638652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0219008
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03871900
IRS990ScheduleA/TotalSupportAmt03873493
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt0174861
IRS990ScheduleD/ExpensesSubtotalAmt0980229
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt0174861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017579
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt0174861
IRS990ScheduleD/RevenueNotReportedAmt0174861
IRS990ScheduleD/RevenueSubtotalAmt0980273
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES INCLUDED IN INCOME: $174,861
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES INCLUDED IN INCOME: $174,861
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0ASC 740 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PART XII, LINE 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt0980229
IRS990ScheduleD/TotalLiabilityAmt017579
IRS990ScheduleD/TotalRevenuePerForm990Amt0980273
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01155134
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01155090
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0233200
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0233200
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0174861
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BURNHAM DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0233200
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0233200
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-174861
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt068261
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt068261
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0106600
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0106600
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0354204
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03059
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07225
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jack Lavin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0389488
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0A RELATED ORGANIZATION COMPENSATES THE EXECUTIVE DIRECTOR AND IS REIMBURSED FOR THIS EXPENSE BY THE ORGANIZATION. THE COMPENSATION IS APPROVED BY THE CEO OF THE RELATED ORGANIZATION. VARIOUS SURVEYS AND OTHER SOURCES CONTAINING SALARY INFORMATION ARE USED IN DETERMINING COMPENSATION. THE PROCESS INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. THIS WAS LAST DONE IN 2016.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE J, PART III, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY TAKES MINUTES OF EACH MEETING HELD, BUT IN FY19, THERE WERE NO BOARD MEETINGS HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY TAKES MINUTES OF EACH MEETING HELD, BUT IN FY19, THERE WERE NO BOARD MEETINGS HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEFORE THE 990 IS FILED WITH THE IRS, IT IS REVIEWED BY THE CONTROLLER AND CHAMBER CEO. FOLLOWING THEIR REVIEW, IT IS REVIEWED BY A MEMBER OF THE FINANCE AND AUDIT COMMITTEE. THE BOARD PASSED A RESOLUTION TO GIVE THE FINANCE COMMITTEE THE RESPONSIBILITY OF APPROVING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAMBER FOUNDATION HAS ITS BOARD CONDUCT ANNUAL REVIEWS AND UPDATES TO THEIR CONFLICT OF INTEREST STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A RELATED ORGANIZATION COMPENSATES THE EXECUTIVE DIRECTOR AND IS REIMBURSED FOR THIS EXPENSE BY THE ORGANIZATION. THE COMPENSATION IS APPROVED BY THE CEO OF THE RELATED ORGANIZATION. VARIOUS SURVEYS AND OTHER SOURCES CONTAINING SALARY INFORMATION ARE USED IN DETERMINING COMPENSATION. THE PROCESS INCLUDES CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. THIS WAS LAST DONE IN 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT HAVE OTHER OFFICERS OR KEY EMPLOYEES THAT ARE COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$422,695
Liabilities
$47,579
Net assets
$375,116
Revenue
$980,273
Expenses
$980,229
Net income
$44
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.17$0.31$0.14$0.19$0.34$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.00$0.23$0.31$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.05$0.08$0.34$0.34$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.13$0.08$0.39$0.75$0.37
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.08$0.45$0.42$0.35$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.05$0.38$0.98$0.98$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.07$0.38$1.14$1.23$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.21$0.47$0.37$0.59$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.04$0.69$0.46$0.37$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.03$0.60$0.22$0.18$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.56$0.53$0.20$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.30$0.23$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.35$0.02$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.24$0.01$0.48