Civic Intelligence

Park Ridge Chamber of Commerce

990 • Fiscal year 2017 • EIN 36-2055331

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

720 GardenPark Ridge, IL 60068

(847) 825-3121

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.61x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

0.58x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

67th percentile

9.3%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

95th percentile

$86,276

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 43.5% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

69th percentile

13%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

9.5%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$186,554

Up $21,011 (+13%) from 2016

Net Assets

Up

$72,507

Up $18,407 (+34%) from 2016

Liabilities

Up

$114,047

Up $2,604 (+2.3%) from 2016

Revenue

Up

$198,195

Up $17,124 (+9.5%) from 2016

Expenses

Down

$179,788

Down $3,753 (-2.0%) from 2016

Net Income

Up

$18,407

Up $20,877 (+845%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2011: $191,355Liabilities 2011: $135,416Net Assets 2011: $55,9392011Assets 2012: $177,040Liabilities 2012: $119,078Net Assets 2012: $57,9622012Assets 2013: $100,680Liabilities 2013: $39,154Net Assets 2013: $61,5262013Assets 2014: $172,180Liabilities 2014: $115,091Net Assets 2014: $57,0892014Assets 2015: $176,107Liabilities 2015: $119,537Net Assets 2015: $56,5702015Assets 2016: $165,543Liabilities 2016: $111,443Net Assets 2016: $54,1002016Assets 2017: $186,554Liabilities 2017: $114,047Net Assets 2017: $72,5072017Assets 2018: $209,606Liabilities 2018: $108,701Net Assets 2018: $100,9052018Assets 2019: $198,957Liabilities 2019: $85,039Net Assets 2019: $113,9182019Assets 2020: $211,923Liabilities 2020: $185,042Net Assets 2020: $26,8812020Assets 2022: $95,689Liabilities 2022: $214,716Net Assets 2022: -$119,0272022

Highlighted filing

2017

Assets$186,554
Liabilities$114,047
Net Assets$72,507

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $145,6302011Expenses 2012: $145,4172012Revenue 2013: $153,089Expenses 2013: $149,525Net Income 2013: $3,5642013Revenue 2014: $152,612Expenses 2014: $157,049Net Income 2014: -$4,4372014Revenue 2015: $154,082Expenses 2015: $154,601Net Income 2015: -$5192015Revenue 2016: $181,071Expenses 2016: $183,541Net Income 2016: -$2,4702016Revenue 2017: $198,195Expenses 2017: $179,788Net Income 2017: $18,4072017Revenue 2018: $200,224Expenses 2018: $171,826Net Income 2018: $28,3982018Revenue 2019: $206,828Expenses 2019: $193,815Net Income 2019: $13,0132019Revenue 2020: $99,547Expenses 2020: $186,584Net Income 2020: -$87,0372020Revenue 2022: $131,664Expenses 2022: $197,756Net Income 2022: -$66,0922022

Highlighted filing

2017

Revenue$198,195
Expenses$179,788
Net Income$18,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$264,062
Mission and Program Overview

Mission

The Park Ridge Chamber of Commerce is a non-profit non-partisan organization whose mission is to provide support and leadership to the business and professional community within the City of Park Ridge. The Chamber will work toward developing, maintaining, and strengthening the business and professional community so that Park Ridge remembers to live and to work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$39,593$116,681▲ $77,088
Accounts Receivable$46,465$45,167▼ $1,298
Cash and Non-Interest-Bearing Accounts$65,544$9,595▼ $55,949
Prepaid Expenses and Deferred Charges$6,373$7,543▲ $1,170
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$165,543$186,554▲ $21,011
Other Assets Total$7,568$7,568→ $0
Liabilities
Deferred Revenue$97,105$97,066▼ $39
Accounts Payable and Accrued Expenses$7,847$9,155▲ $1,308
Other Liabilities$6,491$7,826▲ $1,335
Total Liabilities$111,443$114,047▲ $2,604
Net Assets / Fund Balance
Unrestricted Net Assets$54,100$72,507▲ $18,407
Total Net Assets Fund Balance$54,100$72,507▲ $18,407
Total Liabilities and Net Assets / Fund Balance$165,543$186,554▲ $21,011
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gail HallerExecutive DirectorFT$85,009$1,267$86,276

Board Members and Trustees

NameTitle
Joann FlynnPast President
Eric NelsonPresident
Joshua NicholsPresident
Matt CoynePresident
Ann WitekDirector
Curtis EdlundDirector
David ArenaDirector
Dr Michael PalliserDirector
Emily WildermanDirector
Joe CampagnaDirector
Linda RussoDirector
Mark RaticDirector
Mary Wynn RyanDirector
Paula BeslerDirector
Shawn CookDirector
Shelia DudaDirector
Anna WasyliwTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,692
Program Service Revenue
$0
Investment Income
$266
Other Revenue
$81,237
Change in Net Assets
$18,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$154,791
Other Expenses$24,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$25,883$60,393-$86,276
Other Salaries and Wages$16,705$38,979-$55,684
Payroll Taxes$3,849$8,982-$12,831
Fees for Services Accounting$1,677$3,913-$5,590
Office Expenses$1,348$3,146-$4,494
Insurance$671$1,566-$2,237
Information Technology$214$498-$712
All Other Expenses$191$446-$637
Other Expenses$156$364-$520
Total Functional Expenses$56,803$122,985$0$179,788
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$136,604
Fundraising Direct Expenses$65,867
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$28,890$28,890$19,388$9,502
Wine Walk$17,195$17,195$8,268$8,927
Total Events$110,653$110,653$53,957$56,696
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Due to various programs$7,826
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is prepared by an independent CPA firm from the year-end financial report presented to the Board of Directors. The 990 is forwarded to the organization's executive director for review. The executive director is authorized by the Board of directors to review and sign form 990.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All financial transactions are reviewed monthly by the Board of directors to ensure no conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation for the Executive Director is determined by the treasurer and the executive committee based on the financial condition of the organization.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Park Ridge Chamber of Commerce
EIN
36-2055331
Phone
8478253121
Address
720 Garden, Park Ridge, IL 60068

Signing Officer

Name
Gail Haller
Title
Executive Director
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gail Haller
Formed
1936
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
19
Employees
3
Volunteers
50

Preparer

Firm
Frank J Baker & Company Ltd
Address
950 Lee Street Suite 101, Des Plaines, IL 60016-6575
Preparer
Ronald E Feiereisel
Phone
8472970300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: To provide and coordinate creative voluntary leadership and commerce, industry, service professionals and all interested parties to solve community problems and to initiate constructive community action.

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

On a monthly basis the Board of Directors receives monthly financial statements; approves all membership dues, programs and other revenue as well as all the expenditures. Year-end financial statements are presented to the Board of Directors and are the basis for the preparation of the form 990.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16President
IRS990/Form990PartVIISectionAGrp/TitleTxt17President
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IRS990/MissionDesc0The Park Ridge Chamber of Commerce is a non-profit non-partisan organization whose mission is to provide support and leadership to the business and professional community within the City of Park Ridge. The Chamber will work toward developing, maintaining, and strengthening the business and professional community so that Park Ridge remembers to live and to work.
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IRS990/PrincipalOfficerNm0Gail Haller
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IRS990/ProgSrvcAccomActy2Grp/Desc0To coordinate the efforts of commerce, industry and the professions in maintaining and strengthening a sound and healthy business climate in the Park Ridge area.
IRS990/ProgSrvcAccomActy3Grp/Desc0To sponsor aggressive programs of work and stimulating activities that will provide for full development and employment of our human and economic resources.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to various programs
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