Civic Intelligence

Lake Forestlake Bluff Chamber of Commerce

990 • Fiscal year 2016 • EIN 36-3321139

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 18, 2017

272 E DeerpathLake Forest, IL 60045

(847) 234-4282

Siviq Scores

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

Liabilities / Assets

88th percentile

0.40x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

0.54x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

61st percentile

6.5%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$78,788

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 29.4% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

64th percentile

9.6%

Faster asset growth than 64% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-4.4%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$362,440

Up $31,837 (+9.6%) from 2015

Net Assets

Up

$218,542

Up $17,497 (+8.7%) from 2015

Liabilities

Up

$143,898

Up $14,340 (+11%) from 2015

Revenue

Down

$267,588

Down $12,237 (-4.4%) from 2015

Expenses

Up

$250,091

Up $26,243 (+12%) from 2015

Net Income

Down

$17,497

Down $38,480 (-69%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $103,858Liabilities 2013: $25,215Net Assets 2013: $78,6432013Assets 2014: $262,348Liabilities 2014: $130,879Net Assets 2014: $131,4692014Assets 2015: $330,603Liabilities 2015: $129,558Net Assets 2015: $201,0452015Assets 2016: $362,440Liabilities 2016: $143,898Net Assets 2016: $218,5422016Assets 2017: $371,728Liabilities 2017: $214,721Net Assets 2017: $157,0072017Assets 2018: $341,990Liabilities 2018: $148,927Net Assets 2018: $193,0632018Assets 2019: $207,650Liabilities 2019: $16,984Net Assets 2019: $190,6662019Assets 2020: $187,241Liabilities 2020: $28,478Net Assets 2020: $158,7632020Assets 2021: $222,939Liabilities 2021: $62,619Net Assets 2021: $160,3202021Assets 2022: $265,604Liabilities 2022: $56,412Net Assets 2022: $209,1922022Assets 2023: $282,061Liabilities 2023: $59,421Net Assets 2023: $222,6402023Assets 2024: $295,169Liabilities 2024: $127,390Net Assets 2024: $167,7792024

Highlighted filing

2016

Assets$362,440
Liabilities$143,898
Net Assets$218,542

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $295,805Expenses 2013: $238,179Net Income 2013: $57,6262013Revenue 2014: $272,160Expenses 2014: $219,334Net Income 2014: $52,8262014Revenue 2015: $279,825Expenses 2015: $223,848Net Income 2015: $55,9772015Revenue 2016: $267,588Expenses 2016: $250,091Net Income 2016: $17,4972016Revenue 2017: $157,711Expenses 2017: $226,621Net Income 2017: -$68,9102017Revenue 2018: $275,843Expenses 2018: $239,787Net Income 2018: $36,0562018Revenue 2019: $223,305Expenses 2019: $225,702Net Income 2019: -$2,3972019Revenue 2020: $158,814Expenses 2020: $190,717Net Income 2020: -$31,9032020Revenue 2021: $205,972Expenses 2021: $204,415Net Income 2021: $1,5572021Revenue 2022: $217,931Expenses 2022: $212,756Net Income 2022: $5,1752022Revenue 2023: $246,792Expenses 2023: $233,259Net Income 2023: $13,5332023Revenue 2024: $277,119Expenses 2024: $261,405Net Income 2024: $15,7142024

Highlighted filing

2016

Revenue$267,588
Expenses$250,091
Net Income$17,497
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 18, 2017
Return Version
2016v3.0
Gross Receipts
$283,517
Mission and Program Overview

Mission

To serve as the principal representative of business in its market area, contribute to its members' success and prosperity, and promote the economic and civic interests of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$223,736$237,976▲ $14,240
Rtn Earn Endowment Incm Other Fnds$201,045$218,542▲ $17,497
Accounts Receivable$106,867$124,463▲ $17,596
Savings and Temporary Cash Investments-$0-
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$330,603$362,440▲ $31,837
Other Assets Total-$1-
Liabilities
Other Liabilities$129,558$143,898▲ $14,340
Total Liabilities$129,558$143,898▲ $14,340
Net Assets / Fund Balance
Total Net Assets Fund Balance$201,045$218,542▲ $17,497
Total Liabilities and Net Assets / Fund Balance$330,603$362,440▲ $31,837

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,584$1,584
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joanna RolekExecutive DirectorFT$78,788$78,788

Board Members and Trustees

NameTitle
Deborah HaddadPast President
Deborah FischerPresident
Grace Ragsdale JandaVice President
Barb SiegelDirector
Cara GarrisonDirector
Diana MelicharDirector
Drew IrvinDirector
Michael MansonDirector
Michael SimeckDirector
Phil GayterDirector
Phil HoodDirector
Robert Kiely JrDirector
Tim NewmanDirector
Jennifer HoweSecretary
Steve MilotaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,197
Program Service Revenue
$225,602
Investment Income
$89
Other Revenue
$31,700
All Other Contributions
$182
Change in Net Assets
$17,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$154,567
Other Expenses$95,524
Total Fundraising Expense$10,377
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$11,818$63,030$3,939$78,788
Other Salaries and Wages$7,218$38,495$2,407$48,120
All Other Expenses$8,209$8,433$2,298$18,940
Occupancy-$15,300-$15,300
Other Employee Benefits$2,092$11,157$697$13,946
Payroll Taxes$2,057$10,970$686$13,713
Office Expenses-$11,989-$11,989
Fees for Services Accounting-$9,881-$9,881
Other Expenses$8,531$5,232-$5,232
Insurance-$2,212-$2,212
Advertising$350-$350$700
Conferences and Meetings-$484-$484
Total Functional Expenses$55,427$184,286$10,377$250,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,412
Fundraising Direct Expenses$15,929
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Party$21,671$21,671$4,109$17,562
Special Events$11,741$11,741$8,476$3,265
Total Events$33,412$33,412$15,929$17,483
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Next Year's Dues$123,338
Gift Checks$20,560
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Part VI, Line 11B: Form 990 Review Process

Each executive board member receives a copy of the 990 prior to issuance. Comments/questions of the board members are communicated to the outside accountant/other board members for resolution prior to the issuance of the 990.

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

The governing board reviews the organization's financial statements on a monthly basis. All board members are required to update their conflict of interest statements on an annual basis.Governing board members who engage in activities with the organization are not allowed to vote on matters relating to their engagement.

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

Annual review and compensation review done for the Executive Director.

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

Statement on website indicates that pertinent policies and financial documents of the organization are available upon request.

Filing and Contact Details

Filer

Filer Name
Lake Forest Lake Bluff
EIN
36-3321139
Phone
8472344282
Address
272 E Deerpath, Lake Forest, IL 60045

Signing Officer

Name
Deborah Fischer
Title
President
Signed
2017-09-18
Discuss with paid preparer
Yes

Organization Details

Formed
1953
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
50

Preparer

Firm
Ballen & Company Inc
Address
1401 N Western Ave 2, LAKE FOREST, IL 60045-1959
Preparer
Stephen Z Ballen CPA
Phone
8472950671
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
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