Civic Intelligence

Illinois Muslim Chamber of Commerce

EIN 61-1948438 • 501(c)3 • Oakbrook, IL

Profile

The mission of the Illinois Muslim Chamber of Commerce (ILMCC) is to empower and support both Muslim- and non-Muslim-owned businesses in Illinois. We aim to foster economic growth, promote entrepreneurship, and facilitate networking opportunities within the business community. Through advocacy, education, and collaboration, we strive to create an inclusive environment that encourages the success and prosperity of all entrepreneurs and contributes to the overall economic development of the state.

17W434 W 22nd StreetOakbrook, IL 60181

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

58th percentile

6.4%

Higher net margin than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

$32,058

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$32,058

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin58th percentile

Revenue

$240,570

No earlier filing loaded for comparison.

Expenses

$225,251

No earlier filing loaded for comparison.

Net Income

$15,319

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$40K$30K$20K$10K$0Assets 2024: $32,058Liabilities 2024: $0Net Assets 2024: $32,0582024

Highlighted filing

2024

Assets$32,058
Liabilities$0
Net Assets$32,058
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2024: $240,570Expenses 2024: $225,251Net Income 2024: $15,3192024

Highlighted filing

2024

Revenue$240,570
Expenses$225,251
Net Income$15,319
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$32,058
Liabilities
$0
Net assets
$32,058
Revenue
$240,570
Expenses
$225,251
Net income
$15,319
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$2.41$2.25$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$240,570
Mission and Program Overview

Mission

The mission of the Illinois Muslim Chamber of Commerce (ILMCC) is to empower and support both Muslim- and non-Muslim-owned businesses in Illinois. We aim to foster economic growth, promote entrepreneurship, and facilitate networking opportunities within the business community. Through advocacy, education, and collaboration, we strive to create an inclusive environment that encourages the success and prosperity of all entrepreneurs and contributes to the overall economic development of the state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,739$32,058▲ $15,319
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$16,739$32,058▲ $15,319
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,739$32,058▲ $15,319
Total Net Assets Fund Balance$16,739$32,058▲ $15,319
Total Liabilities and Net Assets / Fund Balance$16,739$32,058▲ $15,319
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Shafeek AbubakerPresident
Omar AliVice President
Farhan AhmedDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$240,570
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$240,570
Change in Net Assets
$15,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$32,041$5,654-$37,695
All Other Expenses$8,233$933-$9,166
Other Expenses$8,064--$8,064
Insurance$5,054$892-$5,946
Office Expenses$3,236$571-$3,807
Fees for Services Accounting$209$37-$246
Total Functional Expenses$217,164$8,087$0$225,251
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
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Illinois Muslim Chamber of Commerce
EIN
61-1948438
Phone
6306999171
Address
17W434 W 22nd Street, Oakbrook, IL 60181

Signing Officer

Name
Shafeek Abubaker
Title
President
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
C & A Financial
Address
1801 Hicks Rd Ste D, Rolling Meadows, IL 60008
Preparer
Thabraize Ahmed
Phone
8474859407
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ReturnHeader/ReturnTs02025-11-17T15:08:33-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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