Skip to content
Nonprofiteer
← GREATER ELGIN CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by GREATER ELGIN CHAMBER OF COMMERCE.

Totals

Total revenue
$295,561
Total expenses
$263,661
Contributions and grants received
$139,355
Grants paid
$0
Program service revenue
$116,646
Investment income
$114
Other revenue
$39,446
Total assets, end of year
$46,775
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,775
Program services expenses (Part IX)
$261,403
Management and general expenses
$2,258
Fundraising expenses
$0
Program service expenses (Part III)
$261,403

Program services were 99.1% 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.

  • 1b · Membership dues

    $52,515

  • 1e · Government grants (contributions)

    $51,140

  • 1f · All other contributions, gifts and grants

    $35,700

  • 2a · Program service revenue: MEMBER&COMMUNITY EVENTS

    total $116,646 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $114 · unrelated business $0 · excluded $114

  • 8a · Fundraising events: gross income

    $63,927

  • 8b · Fundraising events: direct expenses

    $24,481

  • 8c · Net income from fundraising events

    total $39,446 · unrelated business $0 · excluded $39,446

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $65,004 · program services $65,004 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $45,766 · program services $45,766 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $12,046 · program services $12,046 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $500 · program services $0 · management and general $500 · fundraising $0

  • 12 · Advertising and promotion

    total $1,795 · program services $1,795 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $7,108 · program services $7,108 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $3,083 · program services $3,083 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,393 · program services $1,393 · management and general $0 · fundraising $0

  • 20 · Interest

    total $111 · program services $111 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,028 · program services $1,028 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,758 · program services $0 · management and general $1,758 · fundraising $0

  • 24a · Other expenses: MEMBER&COMMUNITY EVENTS

    total $111,740 · program services $111,740 · management and general $0 · fundraising $0

  • 24b · Other expenses: TOURISM EXPENSES

    total $3,823 · program services $3,823 · management and general $0 · fundraising $0

  • 24c · Other expenses: WEBSITE/SOFTWARE

    total $6,480 · program services $6,480 · management and general $0 · fundraising $0

  • 24d · Other expenses: DUES&SUBSCRIPTIONS

    total $2,026 · program services $2,026 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,490 · end of year $41,814

  • 2 · Savings and temporary cash investments

    beginning of year $4,727 · end of year $4,765

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

    $1,224

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

    $1,028

  • 10c · Land, buildings and equipment, net

    end of year $196

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,342

  • 22 · Loans and payables to officers and key people

    beginning of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $14,875 · end of year $46,775

Mission and programs · 2023

Mission

To promote business and tourism in the Elgin area.

  • Served as official state tourism center for Elgin; hosted numerous events for member networking and community business promotion.

    Expenses $261,403 · Revenue $116,646

As filed on the 2023 return.

Listed in Part VII

  • Veronica Seever

    President

    Total calculated
    $65,004
    From this org
    $65,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ed Rivers

    Past Chairman

    Total calculated
    $0
    Hours/week
    2

  • Candace Elliott

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Ericka Greenfield

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stacey Gruetzner

    Chair Elect

    Total calculated
    $0
    Hours/week
    2

  • Tim Schultz

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433199349311968

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.