Form 990 for tax year 2024
Filed by GREATER CRYSTAL LAKE AREA CHAMBER OF COMMERCE & INDUSTRY.
Totals
- Total revenue
- $474,602
- Total expenses
- $408,555
- Contributions and grants received
- $302,807
- Grants paid
- $0
- Program service revenue
- $161,680
- Investment income
- $2,492
- Other revenue
- $7,623
- Total assets, end of year
- $376,931
- Total liabilities, end of year
- $48,144
- Net assets or fund balances, end of year
- $328,787
- Program services expenses (Part IX)
- $203,061
- Management and general expenses
- $205,494
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $203,061
Program services were 49.7% 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.
-
1b · Membership dues
$296,887
-
1f · All other contributions, gifts and grants
$5,920
-
2a · Program service revenue: EVENTS AND PROGRAMS
total $161,680 · related or exempt $161,680
-
3 · Investment income
total $2,492 · excluded $2,492
-
5 · Royalties
total $5,768 · excluded $5,768
-
11a · Other revenue: OTHER INCOME
total $1,855 · related or exempt $1,855
-
11e · Other revenue, total
$1,855
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $199,554 · program services $99,777 · management and general $99,777
-
8 · Pension plan contributions
total $4,072 · program services $2,036 · management and general $2,036
-
9 · Other employee benefits
total $12,599 · program services $6,300 · management and general $6,299
-
10 · Payroll taxes
total $15,841 · program services $7,920 · management and general $7,921
-
11b · Fees: legal
total $1,880 · management and general $1,880
-
11c · Fees: accounting
total $23,218 · management and general $23,218
-
11g · Fees: other
total $2,523 · management and general $2,523
-
13 · Office expenses
total $16,273 · management and general $16,273
-
14 · Information technology
total $17,142 · management and general $17,142
-
16 · Occupancy
total $6,392 · management and general $6,392
-
17 · Travel
total $283 · management and general $283
-
19 · Conferences, conventions and meetings
total $37 · management and general $37
-
22 · Depreciation, depletion and amortization
total $4,453 · management and general $4,453
-
23 · Insurance
total $3,300 · management and general $3,300
-
24a · Other expenses: EVENTS AND PROGRAMS
total $87,028 · program services $87,028
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $6,092 · management and general $6,092
-
24c · Other expenses: NETWORKS AND OTHER EXPENS
total $3,199 · management and general $3,199
-
24d · Other expenses: CHAMBER ASSOCIATE DUES
total $2,121 · management and general $2,121
-
24e · All other expenses
total $2,548 · management and general $2,548
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $198,400 · end of year $243,018
-
4 · Accounts receivable
end of year $14,512
-
9 · Prepaid expenses and deferred charges
end of year $2,800
-
10a · Land, buildings and equipment: cost or other basis
$269,956
-
10b · Land, buildings and equipment: accumulated depreciation
$153,355
-
10c · Land, buildings and equipment, net
beginning of year $100,194 · end of year $116,601
-
17 · Accounts payable and accrued expenses
beginning of year $1,298 · end of year $11,246
-
19 · Deferred revenue
end of year $36,898
-
27 · Net assets without donor restrictions
beginning of year $297,296 · end of year $328,787
Mission and programs · 2024
Mission
THE MISSION OF THE CRYSTAL LAKE CHAMBER OF COMMERCE IS TO CREATE VALUE AND OPPORTUNITY FOR OUR MEMBERS WITH THE BELIEF THAT A POSITIVE BUSINESS CLIMATE IS AN INTEGRAL PART OF A HEALTHY COMMUNITY.
-
THE CHAMBER IS A VOLUNTARY GROUP OF BUSINESSES THAT INVEST THEIR TIME AND MONEY IN COMMUNITY DEVELOPMENT AND WORK TOGETHER TO IMPROVE THE ECONOMIC, CIVIC, AND CULTURAL WELL-BEING OF THE CRYSTAL LAKE, ILLINOIS AREA. MANY SPECIAL EVENTS AND PROGRAMS ARE SPONSORED BY THE CHAMBER OF COMMERCE. THESE INCLUDE AN ANNUAL HOME AND BUSINESS EXPO EACH SPRING IN WHICH EXHIBITORS SHOWCASE THEIR PRODUCTS AND SERVICES IN A COMMUNITY TRADE SHOW, CO- SPONSORSHIP OF THE INDEPENDENCE DAY PARADE, PUBLICATION OF THE "COMMUNITY GUIDE" WHICH IS DISTRIBUTED TO ALMOST 10,000 LOCAL RESIDENTS AND BUSINESSES INFORMING THEM OF EVENTS AND PROGRAMS BEING OFFERED LOCALLY, AN ANNUAL GOLF OUTING, NETWORK GROUPS, MONDAY NIGHT FOOTBALL, GOLF LEAGUES, MIXERS, AND MORE.
Expenses $203,061 · Revenue $161,680
As filed on the 2024 return.
Listed in Part VII
-
Eric BeierERIC BEIER
CHAIRMAN
- Total calculated
- $0
-
Gary BonickGARY BONICK
AMBASSADOR V
- Total calculated
- $0
-
Michael BuchanenMICHAEL BUCHANEN
DIRECTOR
- Total calculated
- $0
-
Pierre GarciaPIERRE GARCIA
DIRECTOR
- Total calculated
- $0
-
Cameron HubbardCAMERON HUBBARD
DIRECTOR
- Total calculated
- $0
-
Leah JacksonLEAH JACKSON
DIRECTOR
- Total calculated
- $0
-
Lisa KarlovLISA KARLOV
DIRECTOR
- Total calculated
- $0
-
Dawn KincaidDAWN KINCAID
DIRECTOR
- Total calculated
- $0
-
Andrea MarquezANDREA MARQUEZ
DIRECTOR
- Total calculated
- $0
-
Stacy MasonSTACY MASON
DIRECTOR
- Total calculated
- $0
-
Katie O'NeillKATIE O'NEILL
DIRECTOR
- Total calculated
- $0
-
Ken PringleKEN PRINGLE
CHAIRMAN
- Total calculated
- $0
-
Chris SlackCHRIS SLACK
DIRECTOR
- Total calculated
- $0
-
Randy SmithRANDY SMITH
PAST CHAIRMA
- Total calculated
- $0
-
Karen TobinKAREN TOBIN
VICE CHAIR
- Total calculated
- $0
-
Grace ToddGRACE TODD
DIRECTOR
- Total calculated
- $0
-
Tim UrbanTIM URBAN
DIRECTOR
- Total calculated
- $0
-
Mike WheelandMIKE WHEELAND
PAST CHAIR
- Total calculated
- $0
-
Kathryn MartensKATHRYN MARTENS
TREASURER
- Total calculated
- $0
-
Catherine PetersonCATHERINE PETERSON
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
- 2024
- Filed
- 11 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202630299349301703
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