Civic Intelligence

Will County Chamber of Commerce

EIN 36-3772737 • 501(c)6 • Joliet, IL

Profile

To diversify and strengthen the local economy, to stimulate the creation of new jobs, to generate spendable income, to induce capital investment and broaden the tax base.

Refreshing map…

203 N Ottawa St Suite 100Joliet, IL 60432

n/A

Siviq Scores

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

Liabilities / Assets

91st percentile

0.69x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

2.26x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

22nd percentile

-3.5%

Higher net margin than 22% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$237,345

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.5%

Faster asset growth than 52% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-9.5%

Faster revenue growth than 13% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$5,632,967

Up $3,923,808 (+230%) from 2022

Liabilities

Up

$3,864,130

Up $3,722,983 (+2638%) from 2022

Net Assets

Up

$1,768,837

Up $200,825 (+13%) from 2022

Operations
Liabilities / Revenue97th percentileNet Margin22nd percentile

Revenue

Up

$1,711,870

Up $229,724 (+15%) from 2022

Expenses

Up

$1,772,167

Up $295,694 (+20%) from 2022

Net Income

Down

-$60,297

Down $65,970 (-1163%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,613,867Liabilities 2010: $506,014Net Assets 2010: $2,107,8532010Assets 2011: $2,639,854Liabilities 2011: $469,822Net Assets 2011: $2,170,0322011Assets 2013: $2,090,543Liabilities 2013: $295,120Net Assets 2013: $1,795,4232013Assets 2016: $2,276,988Liabilities 2016: $60,321Net Assets 2016: $2,216,6672016Assets 2017: $1,838,566Liabilities 2017: $58,967Net Assets 2017: $1,779,5992017Assets 2018: $1,672,324Liabilities 2018: $59,431Net Assets 2018: $1,612,8932018Assets 2019: $1,746,406Liabilities 2019: $61,560Net Assets 2019: $1,684,8462019Assets 2020: $1,366,705Liabilities 2020: $65,895Net Assets 2020: $1,300,8102020Assets 2022: $1,709,159Liabilities 2022: $141,147Net Assets 2022: $1,568,0122022Assets 2024: $5,632,967Liabilities 2024: $3,864,130Net Assets 2024: $1,768,8372024

Highlighted filing

2024

Assets$5,632,967
Liabilities$3,864,130
Net Assets$1,768,837
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $343,8602010Expenses 2011: $1,756,6322011Revenue 2013: $1,135,696Expenses 2013: $1,460,574Net Income 2013: -$324,8782013Revenue 2016: $1,859,530Expenses 2016: $1,399,710Net Income 2016: $459,8202016Revenue 2017: $836,261Expenses 2017: $1,273,329Net Income 2017: -$437,0682017Revenue 2018: $1,103,964Expenses 2018: $1,270,670Net Income 2018: -$166,7062018Revenue 2019: $1,444,530Expenses 2019: $1,372,577Net Income 2019: $71,9532019Revenue 2020: $930,552Expenses 2020: $1,314,588Net Income 2020: -$384,0362020Revenue 2022: $1,482,146Expenses 2022: $1,476,473Net Income 2022: $5,6732022Revenue 2024: $1,711,870Expenses 2024: $1,772,167Net Income 2024: -$60,2972024

Highlighted filing

2024

Revenue$1,711,870
Expenses$1,772,167
Net Income-$60,297
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$5,632,967
Liabilities
$3,864,130
Net assets
$1,768,837
Revenue
$1,711,870
Expenses
$1,772,167
Net income
-$60,297
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.63$3.86$1.77$1.71$1.77$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.14$1.57$1.48$1.48$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.07$1.30$0.93$1.31$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.06$1.68$1.44$1.37$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.06$1.61$1.10$1.27$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.06$1.78$0.84$1.27$0.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.06$2.22$1.86$1.40$0.46
2013Detailed filing. Detailed filing data is available for this year.$2.09$0.30$1.80$1.14$1.46$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.47$2.17$1.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$0.51$2.11$0.34
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$1,482,146
Mission and Program Overview

Mission

To diversify and strengthen the local economy, to stimulate the creation of new jobs, to generate spendable income, to induce capital investment and broaden the tax base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,084,283$988,049▼ $96,234
Accounts Receivable$25,616$306,448▲ $280,832
Pledges and Grants Receivable$466,381$266,942▼ $199,439
Prepaid Expenses and Deferred Charges$30,365$29,968▼ $397
Land, Buildings, and Equipment, Net$11,838$12,567▲ $729
Total Assets$1,625,523$1,709,159▲ $83,636
Other Assets Total$7,040$105,185▲ $98,145
Liabilities
Other Liabilities$0$98,145▲ $98,145
Accounts Payable and Accrued Expenses$63,184$43,002▼ $20,182
Total Liabilities$63,184$141,147▲ $77,963
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$753,103$870,065▲ $116,962
Net Assets With Donor Restrictions$809,236$697,947▼ $111,289
Total Net Assets Fund Balance$1,562,339$1,568,012▲ $5,673
Total Liabilities and Net Assets / Fund Balance$1,625,523$1,709,159▲ $83,636

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,567$24,495$37,062
Other Assets Org$7,040--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug PryorPresidentFT$175,022$47,601$222,623
John GreulingPresident Through 3/7/22FT$44,866$120,240$165,106

Board Members and Trustees

NameTitle
Ruth ColbyChair
Arvid C JohnsonVice Chair
Aaron FundichDirector
Adam RothDirector
Bart HillDirector
CLARENCE 'CC' DEBOLDDirector
Carmine BottiglieroDirector
Cesar CardenasDirector
Charles J GallagherDirector
Chris ShrideDirector
Christine UramDirector
Clyne NamuoDirector
Dan RoebkeDirector
Daniel Malinowski PeDirector
David LivingstonDirector
David SurinaDirector
Debbie Lucas CepDirector
Dennis WilligDirector
Dr Cheryl GreenDirector
Dr Jerry Bell JrDirector
Dr Peter MarchDirector
Edward J DollingerDirector
Eric PitcherDirector
George F Mahoney IiiDirector
Greg GugleDirector
Howard J HamiltonDirector
Jason MarkowiczDirector
Jeff AdducciDirector
Jeff LanaghanDirector
Jennifer Bertino-tarrantDirector
Jerry SullivanDirector
Jim TestinDirector
John J MccannDirector
Kyle DeguilioDirector
Kyle J SchuhmacherDirector
Lindsay PelletierDirector
Lindsey DouglasDirector
Marco LoureiroDirector
Mark G ThompsonDirector
Michael AnthonyDirector
Mike NolanDirector
Mike ScudderDirector
Mimi CowanDirector
Nick PalmerDirector
Nick WeisDirector
Patrick BrosnanDirector
ROBERT O'DEKIRKDirector
Rachael BartoliniDirector
Ragan Freitag PattisonDirector
Rocky CaylorDirector
Rodney Tonelli AicpDirector
Sean MccarthyDirector
Steve MarchioDirector
Steve VaniskoDirector
Steven StreitDirector
Taivo E TammaruDirector
Tanya BryjaDirector
Thomas KentnerDirector
Tonya BergDirector
Yvette SabaDirector
Zachary PucelDirector
Robert F FilottoTreasurer/ Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$927,760
Program Service Revenue
$553,997
Investment Income
$373
Other Revenue
$16
All Other Contributions
$750
Change in Net Assets
$5,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$853,003
Other Expenses$623,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$458,560
Current Officers, Directors, Trustees, and Key Employees---$369,624
Advertising---$119,589
Fees for Services Other---$103,545
Occupancy---$72,818
Office Expenses---$47,527
Information Technology---$43,041
Conferences and Meetings---$41,331
Other Employee Benefits---$24,819
Other Expenses---$15,139
All Other Expenses---$14,511
Insurance---$13,804
Fees for Services Accounting---$12,293
Fees for Services Legal---$7,456
Depreciation Depletion---$6,279
Travel---$5,927
Total Functional Expenses$0$0$0$1,476,473
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$98,145
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
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 B, Line 11B

“Each member is provided with a copy of the tax return for review prior to filing.”

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

“Each member is required to file a signed declaration with the organization.”

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

“Governance committee performs annual review of compensation.”

Form 990, Part VI, Section C, Line 19

“All documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Will County Chamber of Commerce
EIN
36-3772737
Phone
8157231800
Address
203 N OTTAWA ST SUITE 100, JOLIET, IL 60432
Doing Business As
Will County Center for Economic Development

Signing Officer

Name
Doug Pryor
Title
President & CEO
Phone
8157231800
Signed
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Pryor
Formed
1991
Legal Domicile
Il
Voting Board Members
63
Independent Board Members
63
Employees
9
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
2021 SPRING ROAD SUITE 200, OAK BROOK, IL 60523
Preparer
Melissa Struck
Phone
6305738600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors of the ced has a finance committee that is responsible for selection and oversight of the independent accountants and reports to the executive committee of the board. The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The ced is exempt from federal income taxes pursuant to internal revenue code section 501(c)(6). The ccp is a disregarded entity for tax purposes. The ced follows the requirements for accounting for uncertain tax positions. The ced has determined that it is not required to record a liability related to uncertain tax positions as of december 31, 2022.”

Raw XML AppendixShowing 400 of 900 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt063184
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043002
IRS990/AccountsReceivableGrp/BOYAmt025616
IRS990/AccountsReceivableGrp/EOYAmt0306448
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO DIVERSIFY AND STRENGTHEN THE LOCAL ECONOMY, TO STIMULATE THE CREATION OF NEW JOBS, TO GENERATE SPENDABLE INCOME, TO INDUCE CAPITAL INVESTMENT AND BROADEN THE TAX BASE.
IRS990/AdvertisingGrp/TotalAmt0119589
IRS990/AllOtherContributionsAmt0750
IRS990/AllOtherExpensesGrp/TotalAmt014511
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DOUG PRYOR
IRS990/BooksInCareOfDetail/PhoneNum08157231800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0203 N OTTAWA ST SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0JOLIET
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060432
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01084283
IRS990/CashNonInterestBearingGrp/EOYAmt0988049
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0369624
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt041331
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0927760
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0373
IRS990/CYOtherExpensesAmt0623470
IRS990/CYOtherRevenueAmt016
IRS990/CYProgramServiceRevenueAmt0553997
IRS990/CYRevenuesLessExpensesAmt05673
IRS990/CYSalariesCompEmpBnftPaidAmt0853003
IRS990/CYTotalExpensesAmt01476473
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01482146
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt06279
IRS990/Desc0BUSINESS RECRUITMENT - ASSIST IN THE RECRUITMENT OF BUSINESS AND INDUSTRY TO WILL COUNTY BY PROVIDING INFORMATION ON COMMUNITIES, AVAILABLE PROPERTIES, DEMOGRAPHICS, INCENTIVES, ETC., AND THROUGH TARGET INDUSTRY MARKETING. THE CHAMBER SERVES AS A "ONE STOP SHOP" FOR BUSINESS DEVELOPMENT SERVICES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0WILL COUNTY CENTER FOR ECONOMIC DEVELOPMENT
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0809236
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0697947
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt012293
IRS990/FeesForServicesLegalGrp/TotalAmt07456
IRS990/FeesForServicesOtherGrp/TotalAmt0103545
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL MALINOWSKI PE
IRS990/Form990PartVIISectionAGrp/PersonNm6GEORGE F MAHONEY III
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IRS990/Form990PartVIISectionAGrp/PersonNm8CARMINE BOTTIGLIERO
IRS990/Form990PartVIISectionAGrp/PersonNm9HOWARD J HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm10RACHAEL BARTOLINI
IRS990/Form990PartVIISectionAGrp/PersonNm11THOMAS KENTNER
IRS990/Form990PartVIISectionAGrp/PersonNm12STEVE VANISKO
IRS990/Form990PartVIISectionAGrp/PersonNm13KYLE J SCHUHMACHER
IRS990/Form990PartVIISectionAGrp/PersonNm14JASON MARKOWICZ
IRS990/Form990PartVIISectionAGrp/PersonNm15ADAM ROTH
IRS990/Form990PartVIISectionAGrp/PersonNm16DAVID SURINA
IRS990/Form990PartVIISectionAGrp/PersonNm17AARON FUNDICH
IRS990/Form990PartVIISectionAGrp/PersonNm18RUTH COLBY
IRS990/Form990PartVIISectionAGrp/PersonNm19MIMI COWAN
IRS990/Form990PartVIISectionAGrp/PersonNm20NICK PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm21DR JERRY BELL JR
IRS990/Form990PartVIISectionAGrp/PersonNm22CESAR CARDENAS
IRS990/Form990PartVIISectionAGrp/PersonNm23ROBERT F FILOTTO
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IRS990/Form990PartVIISectionAGrp/PersonNm29JEFF LANAGHAN
IRS990/Form990PartVIISectionAGrp/PersonNm30JERRY SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm31DEBBIE LUCAS CEP
IRS990/Form990PartVIISectionAGrp/PersonNm32YVETTE SABA
IRS990/Form990PartVIISectionAGrp/PersonNm33CHARLES J GALLAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm34DR CHERYL GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm35MARK G THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm36MARCO LOUREIRO
IRS990/Form990PartVIISectionAGrp/PersonNm37CLYNE NAMUO
IRS990/Form990PartVIISectionAGrp/PersonNm38PATRICK BROSNAN
IRS990/Form990PartVIISectionAGrp/PersonNm39MIKE SCUDDER
IRS990/Form990PartVIISectionAGrp/PersonNm40DAN ROEBKE
IRS990/Form990PartVIISectionAGrp/PersonNm41NICK WEIS
IRS990/Form990PartVIISectionAGrp/PersonNm42DR PETER MARCH
IRS990/Form990PartVIISectionAGrp/PersonNm43ROCKY CAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm44EDWARD J DOLLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm45TANYA BRYJA
IRS990/Form990PartVIISectionAGrp/PersonNm46DAVID LIVINGSTON
IRS990/Form990PartVIISectionAGrp/PersonNm47ARVID C JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm48MIKE NOLAN
IRS990/Form990PartVIISectionAGrp/PersonNm49SEAN MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm50JOHN J MCCANN
IRS990/Form990PartVIISectionAGrp/PersonNm51GREG GUGLE
IRS990/Form990PartVIISectionAGrp/PersonNm52JIM TESTIN
IRS990/Form990PartVIISectionAGrp/PersonNm53BART HILL
IRS990/Form990PartVIISectionAGrp/PersonNm54CHRISTINE URAM
IRS990/Form990PartVIISectionAGrp/PersonNm55STEVE MARCHIO
IRS990/Form990PartVIISectionAGrp/PersonNm56MICHAEL ANTHONY
IRS990/Form990PartVIISectionAGrp/PersonNm57LINDSAY PELLETIER
IRS990/Form990PartVIISectionAGrp/PersonNm58CLARENCE 'CC' DEBOLD
IRS990/Form990PartVIISectionAGrp/PersonNm59ZACHARY PUCEL
IRS990/Form990PartVIISectionAGrp/PersonNm60LINDSEY DOUGLAS
IRS990/Form990PartVIISectionAGrp/PersonNm61TONYA BERG
IRS990/Form990PartVIISectionAGrp/PersonNm62DOUG PRYOR
IRS990/Form990PartVIISectionAGrp/PersonNm63JOHN GREULING
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30

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