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Nonprofiteer
← NORWOOD PARK CHAMBER OF COMMERCE TRAIN STATION FOUNDATION

Form 990 for tax year 2022

Filed by NORWOOD PARK CHAMBER OF COMMERCE TRAIN STATION FOUNDATION.

Totals

Total revenue
$2,694
Total expenses
$21,580
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$23
Other revenue
$2,671
Total assets, end of year
$673,332
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$673,332
Program services expenses (Part IX)
$19,669
Management and general expenses
$1,911
Fundraising expenses
$0
Program service expenses (Part III)
$19,669

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $23 · related or exempt $23

  • 6a · Gross rents

    real property $20,117

  • 6b · Less rental expenses

    real property $17,446

  • 6c · Rental income or loss

    real property $2,671

  • 6d · Net rental income or loss

    total $2,671 · related or exempt $2,671

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,020 · management and general $1,020

  • 13 · Office expenses

    total $41 · management and general $41

  • 19 · Conferences, conventions and meetings

    total $835 · management and general $835

  • 22 · Depreciation, depletion and amortization

    total $19,669 · program services $19,669

  • 24a · Other expenses: ANNUAL IL FRANCHISE TAX

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,234 · end of year $3,994

  • 2 · Savings and temporary cash investments

    beginning of year $34,539 · end of year $32,562

  • 10a · Land, buildings and equipment: cost or other basis

    $995,810

  • 10b · Land, buildings and equipment: accumulated depreciation

    $359,034

  • 10c · Land, buildings and equipment, net

    beginning of year $656,445 · end of year $636,776

  • 31 · Retained earnings, endowment or other funds

    beginning of year $692,218 · end of year $673,332

Mission and programs · 2022

Mission

TO RESTORE & MAINTAIN HISTORIC NORWOOD PARK TRAIN STATION AS FUNCTIONAL ASSET

  • OPERATES THE NORWOOD PARK TRAIN STATION - RENTS PREMISES TO THE COMMUNITY FOR VARIOUS EVENTS AND GATHERINGS

  • OPERATES THE NORWOOD PARK TRAIN STATION - RENTS PREMISES TO THE COMMUNITY FOR VARIOUS EVENTS AND GATHERINGS

    Expenses $19,669

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sharon Gums

    SECRETARY

    Total calculated
    $0

  • Curt Kessler

    DIRECTOR

    Total calculated
    $0

  • Larry Lunsburg

    TREASURER

    Total calculated
    $0

  • Bea McDonough

    PRESIDENT

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 February 2023
IRS schema version
2022v4.1
Source object
202330549349301613

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