Civic Intelligence

Six Corners Chamber of Commerce

EIN 82-4524479 • 501(c)6 • Chicago, IL

990-N Coverage

Profile

Influence public policy and foster a climate in which businesses can operate profitably as well as encourage and promote positive, well-balanced economic growth through business development.

4054 N Milwaukee AvenueChicago, IL 60641

sixcornerschamberofcommerce.wildapricot.org

Siviq Scores

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

Liabilities / Assets

96th percentile

1.13x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.30x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

80th percentile

19%

Higher net margin than 80% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-5.7%

Faster asset growth than 42% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

69%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$13,374

Down $812 (-5.7%) from 2023

Liabilities

Down

$15,120

Down $3,401 (-18%) from 2023

Net Assets

Up

-$1,746

Up $2,589 (+60%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin80th percentile

Revenue

Up

$49,704

Up $20,272 (+69%) from 2023

Expenses

Up

$40,038

Up $11,427 (+40%) from 2023

Net Income

Up

$9,666

Up $8,845 (+1077%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$600K$400K$200K$0-$200KAssets 2022: $527,058Liabilities 2022: $311,831Net Assets 2022: $215,2272022Assets 2023: $14,186Liabilities 2023: $18,521Net Assets 2023: -$4,3352023Assets 2024: $13,374Liabilities 2024: $15,120Net Assets 2024: -$1,7462024

Highlighted filing

2024

Assets$13,374
Liabilities$15,120
Net Assets-$1,746
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

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

$300K$200K$100K$0-$100KRevenue 2022: $230,562Expenses 2022: $289,013Net Income 2022: -$58,4512022Revenue 2023: $29,432Expenses 2023: $28,611Net Income 2023: $8212023Revenue 2024: $49,704Expenses 2024: $40,038Net Income 2024: $9,6662024

Highlighted filing

2024

Revenue$49,704
Expenses$40,038
Net Income$9,666
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,374
Liabilities
$15,120
Net assets
-$1,746
Revenue
$49,704
Expenses
$40,038
Net income
$9,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.15$0.02$0.50$0.40$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.19$0.04$0.29$0.29$0.01
2022Detailed filing. Detailed filing data is available for this year.$5.27$3.12$2.15$2.31$2.89$0.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jan 3, 2026
Return Version
2024v5.2
Gross Receipts
$212,158
Mission and Program Overview

Mission

Influence public policy and foster a climate in which businesses can operate profitably as well as encourage and promote positive, well-balanced economic growth through business development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,613$9,459▼ $3,154
Cash and Non-Interest-Bearing Accounts$1,574$3,916▲ $2,342
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$-1$-1→ $0
Total Assets$14,186$13,374▼ $812
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,200$12,200▼ $4,000
Accounts Payable and Accrued Expenses$2,321$2,920▲ $599
Total Liabilities$18,521$15,120▼ $3,401
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,335$-1,746▲ $2,589
Total Net Assets Fund Balance$-4,335$-1,746▲ $2,589
Total Liabilities and Net Assets / Fund Balance$14,186$13,374▼ $812

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,459$12,616$22,075
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Asghar Ali KhanChairman/Pres.
George GarciaDirector
Joseph AngelastriDirector
Linda StagnerExecutive Director
Carlos SolorioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,413
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$27,291
Change in Net Assets
$9,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,038
Total Fundraising Expense$2,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$18,442$16,598$1,844$36,884
Depreciation Depletion$1,577$1,419$158$3,154
Total Functional Expenses$20,019$18,017$2,002$40,038
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$189,745
Fundraising Direct Expenses$162,454
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hot Dog Festival$189,745$189,745$162,454$27,291
Total Events$189,745$189,745$162,454$27,291
Political and Lobbying Activity
Political campaign 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
Annual disclosure for covered persons
Yes
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
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, 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
Six Corners Chamber of Commerce
EIN
82-4524479
Phone
7736854955
Address
4054 N MILWAUKEE AVENUE, CHICAGO, IL 60641

Signing Officer

Name
Asghar Ali Khan
Title
Chairman
Signed
2026-01-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Asghar Ali Khan
Formed
2020
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Jay Kowalski CPA
Address
5500 N Paris Avenue, Chicago, IL 60656
Preparer
Jay J Kowalski
Phone
7736316951
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IRS990/WebsiteAddressTxt0SIXCORNERSCHAMBEROFCOMMERCE.WILDAPRICOT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ASGHAR ALI KHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SIX CORNERS CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0SIXC
ReturnHeader/Filer/EIN0824524479
ReturnHeader/Filer/PhoneNum07736854955
ReturnHeader/Filer/USAddress/AddressLine1Txt04054 N MILWAUKEE AVENUE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060641
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363334530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jay Kowalski CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05500 N Paris Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060656
ReturnHeader/PreparerPersonGrp/PhoneNum07736316951
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY J KOWALSKI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-01-03T15:31:49-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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