Civic Intelligence

Lincoln Park Chamber of Commerce Inc

EIN 36-3316251 • 501(c)6 • Chicago, IL

Profile

To serve as a catalyst for business success and economic development in lincoln park by promoting and championing our members, advocating for our members with city, county and state governments, connecting our members to each other and to valued programs and services and educating our members on strategies for business success.

2468 N Lincoln AvenueChicago, IL 60614

www.lincolnparkchamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.21x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.41x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$141,218

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

56th percentile

7.3%

Faster asset growth than 56% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

3.2%

Faster revenue growth than 42% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,947,511

Up $387,173 (+15%) from 2022

Liabilities

Down

$605,266

Down $47,640 (-7.3%) from 2022

Net Assets

Up

$2,342,245

Up $434,813 (+23%) from 2022

Revenue

Up

$1,493,613

Up $121,164 (+8.8%) from 2022

Expenses

Up

$1,274,950

Up $137,766 (+12%) from 2022

Net Income

Down

$218,663

Down $16,602 (-7.1%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $554,132Liabilities 2010: $65,704Net Assets 2010: $488,4282010Assets 2011: $542,032Liabilities 2011: $54,197Net Assets 2011: $487,8352011Assets 2014: $550,710Liabilities 2014: $62,793Net Assets 2014: $487,9172014Assets 2016: $529,754Liabilities 2016: $51,537Net Assets 2016: $478,2172016Assets 2017: $1,397,462Liabilities 2017: $71,888Net Assets 2017: $1,325,5742017Assets 2018: $1,513,774Liabilities 2018: $122,082Net Assets 2018: $1,391,6922018Assets 2019: $1,518,046Liabilities 2019: $113,846Net Assets 2019: $1,404,2002019Assets 2020: $1,554,160Liabilities 2020: $52,702Net Assets 2020: $1,501,4582020Assets 2021: $1,761,196Liabilities 2021: $71,619Net Assets 2021: $1,689,5772021Assets 2022: $2,560,338Liabilities 2022: $652,906Net Assets 2022: $1,907,4322022Assets 2024: $2,947,511Liabilities 2024: $605,266Net Assets 2024: $2,342,2452024

Highlighted filing

2024

Assets$2,947,511
Liabilities$605,266
Net Assets$2,342,245

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $903,8382010Expenses 2011: $910,3822011Revenue 2014: $867,748Expenses 2014: $882,387Net Income 2014: -$14,6392014Revenue 2016: $1,037,382Expenses 2016: $954,256Net Income 2016: $83,1262016Revenue 2017: $1,123,792Expenses 2017: $1,003,562Net Income 2017: $120,2302017Revenue 2018: $1,237,084Expenses 2018: $1,168,105Net Income 2018: $68,9792018Revenue 2019: $1,248,789Expenses 2019: $1,242,133Net Income 2019: $6,6562019Revenue 2020: $1,190,358Expenses 2020: $1,096,638Net Income 2020: $93,7202020Revenue 2021: $1,388,284Expenses 2021: $1,196,073Net Income 2021: $192,2112021Revenue 2022: $1,372,449Expenses 2022: $1,137,184Net Income 2022: $235,2652022Revenue 2024: $1,493,613Expenses 2024: $1,274,950Net Income 2024: $218,6632024

Highlighted filing

2024

Revenue$1,493,613
Expenses$1,274,950
Net Income$218,663

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.61$2.34$1.49$1.27$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.65$1.91$1.37$1.14$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.07$1.69$1.39$1.20$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.05$1.50$1.19$1.10$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.11$1.40$1.25$1.24$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.12$1.39$1.24$1.17$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.07$1.33$1.12$1.00$0.12
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.05$0.48$1.04$0.95$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.06$0.49$0.87$0.88$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.05$0.49$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.07$0.49$0.90
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 20, 2025
Return Version
2024v5.1
Gross Receipts
$1,609,883
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$909,025$1,387,922▲ $478,897
Accounts Receivable$940,618$957,861▲ $17,243
Investments in Publicly Traded Securities$362,728$117,798▼ $244,930
Land, Buildings, and Equipment, Net$54,732$45,092▼ $9,640
Pledges and Grants Receivable$12,600$12,600→ $0
Prepaid Expenses and Deferred Charges$1,717$3,216▲ $1,499
Total Assets$2,747,965$2,947,511▲ $199,546
Other Assets Total$466,545$423,022▼ $43,523
Liabilities
Other Liabilities$533,425$493,084▼ $40,341
Deferred Revenue$100,776$112,182▲ $11,406
Total Liabilities$634,201$605,266▼ $28,935
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,113,764$2,342,245▲ $228,481
Total Net Assets Fund Balance$2,113,764$2,342,245▲ $228,481
Total Liabilities and Net Assets / Fund Balance$2,747,965$2,947,511▲ $199,546

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,092$64,902$109,994
Other Assets Org$419,272--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kim SchilfPresident & CEOFT$141,218$141,218

Board Members and Trustees

NameTitle
Jonathan MayotteChairman
Jeff LawlerVice Chairman
John FitzgeraldVice Chairman
Melanie CasatiVice Chairman
Sophie EvanoffVice Chairman
Adrian AmrineDirector
Ali SchwartzDirector
Amanda ThompsonDirector
Amy HerbertDirector
Brad BohmerDirector
Cheryl Hamilton-HillDirector
Christian FinleyDirector
Christopher MaternDirector
David ThompsonDirector
Faraz SardhariaDirector
Gregory RigneyDirector
Marybeth JohnsonDirector
Peter ZudykDirector
Scott CruzDirector
Jim PomposelliSecretaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$324,175
Program Service Revenue
$1,163,790
Investment Income
$4,579
Other Revenue
$1,069
Change in Net Assets
$218,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,493,613
Revenue Not Reported on Form 990
$9,818
Total Revenue per Audited Statements
$1,503,431
Total Revenue per Form 990
$1,493,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$768,986
Salaries, Compensation, and Employee Benefits$505,964
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$316,754
Current Officers, Directors, Trustees, and Key Employees---$141,217
Advertising---$123,636
Occupancy---$51,901
Office Expenses---$49,168
Payroll Taxes---$41,038
Fees for Services Other---$28,597
Insurance---$16,482
Other Expenses$12,915--$12,915
All Other Expenses---$12,439
Depreciation Depletion---$10,650
Pension Plan Contributions---$6,955
Total Functional Expenses$0$0$0$1,274,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,274,950
Total Expenses per Audited Statements$1,274,950
Total Expenses per Form 990$1,274,950
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$475,917
Credit Card Payable$17,167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
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 governing body review Part VI line 11

Copies are sent to finance committee members of the Board of Directors for review and approval. A final copy of the return is provided to all board members prior to filing.

Conflict of interest policy compliance Part VI line 12C

On an annual basis, all board members are provided with a copy of the policy and are required to complete and sign the acknowledgment and disclosure form.

CEO executive director top management comp Part VI line 15A

Chairman of the Board of Directors uses comparable data from salary studies and other industry professionals for use in evaluating the compensation of the CEO. The CEO uses salary studies and industry standards for evaluation of compensation of staff members.

Other officer or key employee compensation Part VI line 15B

Chairman of the Board of Directors uses comparable data from salary studies and other industry professionals for use in evaluating the compensation of the CEO. The CEO uses salary studies and industry standards for evaluation of compensation of staff members.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lincoln Park Chamber of Commerce Inc
EIN
36-3316251
In Care Of
% Kim Schilf
Phone
7738805200
Address
2468 N Lincoln Avenue, Chicago, IL 60614

Signing Officer

Name
Kim Schilf
Title
President and CEO
Phone
7738805200
Signed
2025-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Schilf
Formed
1947
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
7
Volunteers
40

Preparer

Firm
Bean Accounting & Tax PLLC
Address
PO Box 157, Morton Grove, IL 60053
Preparer
Darwin Mintu
Phone
8472223457
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990, Part I, Line 1, Description of Organization Mission:To provide a leading voice and active hand in the communitys ongoing evolution and growth because we believe in our neighborhood as:- A welcoming and inclusive community.- A place where business and neighbors know and support each other.- A neighborhood with vibrant commercial corridors that contribute to a unique sense of place.- A cultural hub and destination.- A neighborhood that encourages innovation and diversity.- A community that works together for the greater good.- Empowering community momentum so businesses can grow. Form 990, Part III, line 1, Description of Organization Mission:To provide a leading voice and active hand in the communitys ongoing evolution and growth because we believe in our neighborhood as:- A welcoming and inclusive community.- A place where business and neighbors know and support each other.- A neighborhood with vibrant commercial corridors that contribute to a unique sense of place.- A cultural hub and destination.- A neighborhood that encourages innovation and diversity.- A community that works together for the greater good.- Empowering community momentum so businesses can grow.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt17Vice Chairman
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