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Nonprofiteer
← MCHENRY AREA CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by MCHENRY AREA CHAMBER OF COMMERCE.

Totals

Total revenue
$595,590
Total expenses
$554,116
Contributions and grants received
$276,850
Grants paid
$0
Program service revenue
$152,639
Investment income
$11,079
Other revenue
$155,022
Total assets, end of year
$1,055,492
Total liabilities, end of year
$418,034
Net assets or fund balances, end of year
$637,458
Program services expenses (Part IX)
$383,818
Management and general expenses
$170,298
Fundraising expenses
$0
Program service expenses (Part III)
$383,818

Program services were 69.3% 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.

  • 1f · All other contributions, gifts and grants

    $276,850

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $152,639 · related or exempt $152,639

  • 3 · Investment income

    total $11,079 · excluded $11,079

  • 8a · Fundraising events: gross income

    $373,252

  • 8b · Fundraising events: direct expenses

    $242,250

  • 8c · Net income from fundraising events

    total $131,002

  • 9a · Gaming: gross income

    $4,910

  • 9c · Net income from gaming

    total $4,910 · related or exempt $4,910

  • 11a · Other revenue: OTHER REVENUE

    total $19,110 · related or exempt $19,110

  • 11e · Other revenue, total

    $19,110

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,831 · program services $102,265 · management and general $25,566

  • 7 · Other salaries and wages

    total $217,358 · program services $173,886 · management and general $43,472

  • 8 · Pension plan contributions

    total $12,000 · program services $6,720 · management and general $5,280

  • 10 · Payroll taxes

    total $27,907 · program services $22,326 · management and general $5,581

  • 11c · Fees: accounting

    total $4,015 · management and general $4,015

  • 12 · Advertising and promotion

    total $1,584 · management and general $1,584

  • 13 · Office expenses

    total $18,432 · program services $15,273 · management and general $3,159

  • 16 · Occupancy

    total $9,568 · management and general $9,568

  • 20 · Interest

    total $16,937 · management and general $16,937

  • 22 · Depreciation, depletion and amortization

    total $18,715 · management and general $18,715

  • 23 · Insurance

    total $8,165 · program services $3,674 · management and general $4,491

  • 24a · Other expenses: SUPPLIES

    total $32,630 · program services $32,630

  • 24b · Other expenses: MAINTENANCE

    total $17,793 · program services $13,167 · management and general $4,626

  • 24c · Other expenses: COMPUTER SUPP & MAINT

    total $11,105 · management and general $11,105

  • 24d · Other expenses: REAL ESTATE TAXES

    total $9,294 · management and general $9,294

  • 24e · All other expenses

    total $20,782 · program services $13,877 · management and general $6,905

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $4,476

  • 2 · Savings and temporary cash investments

    beginning of year $279,692 · end of year $307,755

  • 4 · Accounts receivable

    beginning of year $30,797 · end of year $40,324

  • 7 · Other notes and loans receivable

    beginning of year $64,285 · end of year $60,179

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,660 · end of year $6,403

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

    $703,364

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

    $72,019

  • 10c · Land, buildings and equipment, net

    beginning of year $604,460 · end of year $631,345

  • 15 · Other assets

    beginning of year $9,266 · end of year $5,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,198 · end of year $9,375

  • 19 · Deferred revenue

    beginning of year $189,935 · end of year $206,994

  • 23 · Secured mortgages and notes payable

    end of year $197,107

  • 25 · Other liabilities

    beginning of year $209,040 · end of year $4,558

  • 27 · Net assets without donor restrictions

    beginning of year $595,987 · end of year $637,458

Mission and programs · 2024

Mission

THE ORGANIZATION SPONSORS AND ORGANIZES COMMUNITY EVENTS TO PROMOTE NETWORKING OPPORTUNITIES FOR LOCAL BUSINESSES AND PROMOTE A POSITIVE COMMUNITY IDENTITY. IT KEEPS MEMBERS INFORMED OF EVENTS.

  • THE ORGANIZATION SPONSORS AND ORGANIZES COMMUNITY EVENTS TO PROMOTE NETWORKING OPPORTUNITIES FOR LOCAL BUSINESSES AND PROMOTE A POSITIVE COMMUNITY IDENTITY. IT KEEPS MEMBERS INFORMED OF EVENTS.

    Expenses $383,818

As filed on the 2024 return.

Listed in Part VII

  • Molly Ostap

    PRESIDENT

    Total calculated
    $127,831
    From this org
    $127,831
    From related orgs
    $0
    Other
    $0
    Hours/week
    41

  • Becky Kirchner

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • Carl Vallianatos

    1ST VICE CHA

    Total calculated
    $0
    Hours/week
    1

  • Kay Reissig

    2ND VICE CHA

    Total calculated
    $0
    Hours/week
    1

  • Leejay Stewart

    CORPORATE SE

    Total calculated
    $0
    Hours/week
    1

  • Kate Malmstedt

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Denny Norton Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Stamborski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jackie Szymczak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine Ditzler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Barrons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Harville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Mercure-Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Schneider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Conway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Vicencio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Piekos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Reitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202523169349308452

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