Civic Intelligence

Champaign County Chamber of Commerce

990 • Fiscal year 2021 • EIN 37-1269310

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 28, 2022

303 W Kirby AvenueChampaign, IL 61820

(217) 359-1791

Siviq Scores

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

Liabilities / Assets

88th percentile

0.49x

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

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.49x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

75th percentile

23%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$106,172

Higher top officer pay than 73% of similar nonprofits.

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

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

80th percentile

33%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

36%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$763,298

Up $190,067 (+33%) from 2020

Net Assets

Up

$388,925

Up $227,713 (+141%) from 2020

Liabilities

Down

$374,373

Down $37,646 (-9.1%) from 2020

Revenue

Up

$764,593

Up $200,988 (+36%) from 2020

Expenses

Down

$586,284

Down $42,687 (-6.8%) from 2020

Net Income

Up

$178,309

Up $243,675 (+373%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $561,678Liabilities 2016: $299,271Net Assets 2016: $262,4072016Assets 2017: $563,238Liabilities 2017: $279,200Net Assets 2017: $284,0382017Assets 2018: $544,794Liabilities 2018: $256,350Net Assets 2018: $288,4442018Assets 2019: $492,553Liabilities 2019: $268,927Net Assets 2019: $223,6262019Assets 2020: $573,231Liabilities 2020: $412,019Net Assets 2020: $161,2122020Assets 2021: $763,298Liabilities 2021: $374,373Net Assets 2021: $388,9252021Assets 2022: $732,756Liabilities 2022: $419,399Net Assets 2022: $313,3572022Assets 2023: $1,105,870Liabilities 2023: $846,226Net Assets 2023: $259,6442023Assets 2024: $1,152,636Liabilities 2024: $786,004Net Assets 2024: $366,6322024

Highlighted filing

2021

Assets$763,298
Liabilities$374,373
Net Assets$388,925

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $660,221Expenses 2016: $633,155Net Income 2016: $27,0662016Revenue 2017: $659,914Expenses 2017: $652,266Net Income 2017: $7,6482017Revenue 2018: $651,884Expenses 2018: $659,117Net Income 2018: -$7,2332018Revenue 2019: $597,538Expenses 2019: $666,469Net Income 2019: -$68,9312019Revenue 2020: $563,605Expenses 2020: $628,971Net Income 2020: -$65,3662020Revenue 2021: $764,593Expenses 2021: $586,284Net Income 2021: $178,3092021Revenue 2022: $519,689Expenses 2022: $614,482Net Income 2022: -$94,7932022Revenue 2023: $621,411Expenses 2023: $649,169Net Income 2023: -$27,7582023Revenue 2024: $827,693Expenses 2024: $757,118Net Income 2024: $70,5752024

Highlighted filing

2021

Revenue$764,593
Expenses$586,284
Net Income$178,309
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 28, 2022
Return Version
2020v4.2
Gross Receipts
$809,835
Mission and Program Overview

Mission

We are a member focused business association that facilitates business growth and improves the quality of life.

We are a member focused association that facilitates business growth and improves the quality of life in the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$219,557$376,532▲ $156,975
Investments in Publicly Traded Securities$276,910$328,939▲ $52,029
Accounts Receivable$45,298$21,800▼ $23,498
Land, Buildings, and Equipment, Net$15,493$18,653▲ $3,160
Prepaid Expenses and Deferred Charges$15,973$17,374▲ $1,401
Total Assets$573,231$763,298▲ $190,067
Liabilities
Deferred Revenue$229,826$206,023▼ $23,803
Mortgage Notes Payable Secured by Investment Property$124,900$124,900→ $0
Accounts Payable and Accrued Expenses$57,293$43,450▼ $13,843
Total Liabilities$412,019$374,373▼ $37,646
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$161,212$388,925▲ $227,713
Total Net Assets Fund Balance$161,212$388,925▲ $227,713
Total Liabilities and Net Assets / Fund Balance$573,231$763,298▲ $190,067

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,606$77,395$95,001
Leasehold Improvements$1,047$62,943$63,990
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura WeisPresident/CEO/secretaryFT$95,885$10,287$106,172

Board Members and Trustees

NameTitle
Mike EstesChair
Jared RogersPast Chair
Kyle EmkesFirst Vice Chair
Tonya HornSecond Vice Chair
Amie SmithDirector
Bill WalterDirector
Chip CraddockDirector
Chuck McreakenDirector
Dan HurleyDirector
Debra ReardanzDirector
Gary HacklerDirector
Julianna SellettDirector
Justin OverstreetDirector
Linda DifioreDirector
Pradeep KhannaDirector
Rachel CoventryDirector
Rj HyndsDirector
Susan JepsenDirector
Zachary HillardDirector
Dan KirbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$653,032
Program Service Revenue
$26,721
Investment Income
$6,047
Other Revenue
$78,793
Change in Net Assets
$178,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$385,087
Other Expenses$201,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$214,196
Occupancy---$118,739
Current Officers, Directors, Trustees, and Key Employees---$95,885
Other Employee Benefits---$38,930
Office Expenses---$34,541
Fees for Services Accounting---$27,680
Payroll Taxes---$19,186
Pension Plan Contributions---$16,890
Insurance---$5,935
Depreciation Depletion---$4,962
Conferences and Meetings---$3,447
Other Expenses---$265
Total Functional Expenses$0$0$0$586,284
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$115,848
Fundraising Direct Expenses$45,242
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$58,214$58,214$29,275$28,939
Community Leadership Program$14,385$14,385$1,455$12,930
Total Events$115,848$115,848$45,242$70,606
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The champaign county chamber of commerce has approximately 900 members.

Form 990, Part VI, Section A, Line 7A

Recommendations are made by nominating committee. Petitions to be on the board are accepted.

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

The 990 is available for review by the board at the meeting before it is filed.

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

The board signs a statement each year.

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

Comparable compensation data is obtained and reviewed each year.

Form 990, Part VI, Section C, Line 19

All documents are available upon request

Filing and Contact Details

Filer

Filer Name
Champaign County Chamber of Commerce
EIN
37-1269310
Phone
2173591791
Address
303 W KIRBY AVENUE, CHAMPAIGN, IL 61820

Signing Officer

Name
Laura Weis
Title
CEO
Phone
2173591791
Signed
2022-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Weis
Formed
1990
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
13
Employees
7
Volunteers
60

Preparer

Firm
Kemper CPA Group Llp
Address
1701 BROADMOOR DRIVE STE 200, CHAMPAIGN, IL 61821
Preparer
Curtis D Liles
Phone
2173512073
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IRS990/MissionDesc0TO SUPPORT AND PROMOTE LOCAL BUSINESS IN CHAMPAIGN COUNTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0124900
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0124900
IRS990/NetAssetsOrFundBalancesBOYAmt0161212
IRS990/NetAssetsOrFundBalancesEOYAmt0388925
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt070606
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt070606
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt049404
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0161212
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0388925
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0118739
IRS990/OfficeExpensesGrp/TotalAmt034541
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038930
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1BOARD EXPENSE
IRS990/OtherExpensesGrp/TotalAmt05628
IRS990/OtherExpensesGrp/TotalAmt1265
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08187
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08187
IRS990/OtherRevenueTotalAmt08187
IRS990/OtherSalariesAndWagesGrp/TotalAmt0214196
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt019186
IRS990/PensionPlanContributionsGrp/TotalAmt016890
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017374
IRS990/PrincipalOfficerNm0LAURA WEIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541800
IRS990/ProgramServiceRevenueGrp/Desc0PUBLICATONS & ADVERTIS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt026721
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026721
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0432167
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06473
IRS990/PYOtherExpensesAmt0203550
IRS990/PYOtherRevenueAmt096012
IRS990/PYProgramServiceRevenueAmt028953
IRS990/PYRevenuesLessExpensesAmt0-65366
IRS990/PYSalariesCompEmpBnftPaidAmt0425421
IRS990/PYTotalExpensesAmt0628971
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0563605
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0178309
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt017606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077395
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt095001
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01047
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt062943
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt063990
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018653
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt045242
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0COMMUNITY LEADERSHIP PROGRAM
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt058214
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt014385
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt043249
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0115848
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt058214
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt014385
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt043249
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0115848
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt070606
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt014512
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt045242
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt029275
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01455
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt010
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAMPAIGN COUNTY CHAMBER OF COMMERCE HAS APPROXIMATELY 900 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECOMMENDATIONS ARE MADE BY NOMINATING COMMITTEE. PETITIONS TO BE ON THE BOARD ARE ACCEPTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS AVAILABLE FOR REVIEW BY THE BOARD AT THE MEETING BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD SIGNS A STATEMENT EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPARABLE COMPENSATION DATA IS OBTAINED AND REVIEWED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
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 C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0261416967
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0POLITICAL ACTION COMMITTEE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CHAMPAIGN COUNTY'S BUSINESS EMPOWERED PAC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0303 W KIRBY AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CHAMPAIGN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd061820
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHAMPAIGN COUNTY CHAMBER OF COMMERCE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0475645144
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SOLICIT CONTRIBUTIONS TO SUPPORT CCCC PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0303 W KIRBY AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHAMPAIGN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd061820
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00

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