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Nonprofiteer
← MEXICAN AMERICAN CHAMBER OF COMMERCE OF ILLINOIS INC

Form 990 for tax year 2023

Filed by MEXICAN AMERICAN CHAMBER OF COMMERCE OF ILLINOIS INC.

Totals

Total revenue
$3,426,614
Total expenses
$2,991,492
Contributions and grants received
$3,162,165
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$264,449
Total assets, end of year
$699,272
Total liabilities, end of year
$730,276
Net assets or fund balances, end of year
-$31,004
Program services expenses (Part IX)
$2,030,119
Management and general expenses
$750,665
Fundraising expenses
$210,708
Program service expenses (Part III)
$2,030,119

Program services were 67.9% 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

    $157,368

  • 1e · Government grants (contributions)

    $2,246,463

  • 1f · All other contributions, gifts and grants

    $758,334

  • 8a · Fundraising events: gross income

    $734,399

  • 8b · Fundraising events: direct expenses

    $469,950

  • 8c · Net income from fundraising events

    total $264,449 · excluded $264,449

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,204,332 · program services $903,248 · management and general $192,693 · fundraising $108,391

  • 9 · Other employee benefits

    total $116,302 · program services $87,227 · management and general $18,608 · fundraising $10,467

  • 10 · Payroll taxes

    total $112,770 · program services $84,578 · management and general $18,043 · fundraising $10,149

  • 11a · Fees: management

    total $962,452 · program services $798,835 · management and general $163,617

  • 11g · Fees: other

    total $305,055 · program services $41,977 · management and general $226,961 · fundraising $36,117

  • 12 · Advertising and promotion

    total $75,584 · program services $75,584

  • 13 · Office expenses

    total $60,950 · management and general $48,760 · fundraising $12,190

  • 16 · Occupancy

    total $85,611 · program services $28,748 · management and general $28,349 · fundraising $28,514

  • 20 · Interest

    total $53,634 · management and general $53,634

  • 22 · Depreciation, depletion and amortization

    total $2,289 · program services $2,289

  • 23 · Insurance

    total $12,513 · program services $7,633 · fundraising $4,880

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,845 · end of year $54,672

  • 3 · Pledges and grants receivable

    beginning of year $14,977

  • 4 · Accounts receivable

    beginning of year $159,424 · end of year $628,651

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

    $131,432

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

    $128,891

  • 10c · Land, buildings and equipment, net

    beginning of year $4,830 · end of year $2,541

  • 15 · Other assets

    beginning of year $13,408 · end of year $13,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,357 · end of year $192,754

  • 25 · Other liabilities

    beginning of year $658,253 · end of year $537,522

  • 27 · Net assets without donor restrictions

    beginning of year -$466,126 · end of year -$31,004

Mission and programs · 2023

Mission

A STRONG ADVOCATE FOR BUSINESS ISSUES. THE CHAMBER ALSO PROVIDES TECHNICAL AND GENERAL ASSISTANCE TO ENTREPRENEURS TO BE COMPETITIVE IN TODAY'S ECONOMY.

  • SMALL BUSINESS TRANSPORTATION RESOURCE CENTER(SBRTC) MISSION IS TO INCREASE THE NUMBER OF SMALL BUSINESSES THAT ARE PREPARED TO COMPETE FOR, AND ENTER INTO, TRANSPORTATION RELATED PRIME AND SUBCONTRACT OPPORTUNITIES. THE PURPOSE OF THE SBTRC IS TO OFFER A COMPREHENSIVE DELIVERY SYSTEM OF: ONE- ON-ONE BUSINESS COUNSELING; ACCESS TO CAPITAL ASSISTANCE/SHORT TERM LENDING; BONDING ASSISTANCE; AND ADMINISTRATION OF THE WOMEN AND GIRLS IN TRANSPORTATION INITIATIVE.

    Expenses $1,994,002

  • CC4G-TOLLWAY PROGRAM IS DESIGNED TO ASSIST SMALL MINORITY AND WOMEN OWNED CONSRUCTION BUSINESSES WITH INCREASING THEIR CAPACITY,COMPETIVENESS, AND CONTRACTING OPPORTUNITIES WITH THE ILLINOIS TOLLWAY. PLACES A HEAVY EMPHASIS ON INDIVIUALIZED STRATEGIC COACHING SESSIONS AS A CRITICAL ELEMENT TO ENHANCE BUSINESS PRACTICES AND PROMOTE GROWTH. THESE INDIVIDUAL COACHING SESSIONS ARE DESIGNED TO PROVIDE ASSISTANCE AND GUIDANCE TO SPECIFIC ITEMS THAT IMPACT THIER BUSINESS.

  • ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) DEDICATED TO HELPING NEW ENTREPRENEURS REALIZE THEIR DREAM OF BUSINESS OWNERSHIP, AND EXISTING BUSINESSESACCESS NETWORKS TO GROW THIER BUSINESS AND DELIVER LONG-TERM POSITIVE ECONOMIC IMPACT. THE CENTER ASSISTS ENTREPRENEURS IN ALL PHASES OF THIER BUSINESS GROWTH.

  • DCEO COMMUNITY NAVIGATOR. PROGRAM THAT WORKS IN PARTNERSHIP WITH 7 CHAMBERS OF COMMERCE IN ILLINOIS TO PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS IN OBTAINING GRANTS, CAPITAL, LOANS AND MORE.

    Expenses $36,117

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jaime Dipaulo

    CEO

    Total calculated
    $116,419
    From this org
    $116,419
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Arce

    DIRECTOR

    Total calculated
    $0

  • Lewis Binswanger

    DIRECTOR

    Total calculated
    $0

  • Yahaira Felix

    DIRECTOR

    Total calculated
    $0

  • Guillermo Garcia

    SECRETARY &

    Total calculated
    $0

  • Jose Garcia

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Juan Gaytan

    DIRECTOR

    Total calculated
    $0

  • Mayra Khan

    DIRECTOR

    Total calculated
    $0

  • Yaneth Medina

    DIRECTOR

    Total calculated
    $0

  • Arthur Zayas Miller

    BOARD CHAIR

    Total calculated
    $0

  • Luis Puig

    DIRECTOR

    Total calculated
    $0

  • Arabel Alva Rosales

    DIRECTOR

    Total calculated
    $0

  • Korina Sanchez

    DIRECTOR

    Total calculated
    $0

  • Milena Tous

    DIRECTOR

    Total calculated
    $0

  • Homero Tristan

    DIRECTOR

    Total calculated
    $0

  • Socorro Vazquez

    DIRECTOR

    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
2023
Filed
10 November 2024
IRS schema version
2023v5.0
Source object
202403199349305135

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