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← CHAMPAIGN COUNTY CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by CHAMPAIGN COUNTY CHAMBER OF COMMERCE INC.

Totals

Total revenue
$827,693
Total expenses
$757,118
Contributions and grants received
$623,497
Grants paid
$0
Program service revenue
$25,644
Investment income
$6,317
Other revenue
$172,235
Total assets, end of year
$1,152,636
Total liabilities, end of year
$786,004
Net assets or fund balances, end of year
$366,632
Program services expenses (Part IX)
$564,479
Management and general expenses
$182,708
Fundraising expenses
$9,931
Program service expenses (Part III)
$564,479

Program services were 74.6% 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

    $372,420

  • 1e · Government grants (contributions)

    $251,077

  • 2a · Program service revenue: PUBLICATIONS AND ADVER

    total $25,644 · related or exempt $25,644

  • 3 · Investment income

    total $6,317 · excluded $6,317

  • 6a · Gross rents

    real property $12,300

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,300

  • 6d · Net rental income or loss

    total $12,300 · related or exempt $12,300

  • 8a · Fundraising events: gross income

    $139,502

  • 8b · Fundraising events: direct expenses

    $33,591

  • 8c · Net income from fundraising events

    total $105,911 · excluded $105,911

  • 11a · Other revenue: COMMERCIAL ENERGY PROG

    total $39,711 · related or exempt $39,711

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $14,313 · related or exempt $14,313

  • 11e · Other revenue, total

    $54,024

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $109,935 · program services $83,848 · management and general $26,087

  • 7 · Other salaries and wages

    total $238,138 · program services $181,628 · management and general $56,510

  • 8 · Pension plan contributions

    total $14,297 · program services $10,904 · management and general $3,393

  • 10 · Payroll taxes

    total $31,547 · program services $24,061 · management and general $7,486

  • 11c · Fees: accounting

    total $21,977 · program services $21,977

  • 12 · Advertising and promotion

    total $25,810 · program services $25,810

  • 13 · Office expenses

    total $29,853 · program services $16,258 · management and general $3,664 · fundraising $9,931

  • 16 · Occupancy

    total $98,654 · program services $78,923 · management and general $19,731

  • 17 · Travel

    total $32,624 · program services $32,624

  • 19 · Conferences, conventions and meetings

    total $12,496 · program services $12,393 · management and general $103

  • 20 · Interest

    total $6,408 · management and general $6,408

  • 22 · Depreciation, depletion and amortization

    total $14,855 · program services $11,884 · management and general $2,971

  • 23 · Insurance

    total $6,036 · program services $1,070 · management and general $4,966

  • 24a · Other expenses: CONTRACTUAL SERVICES

    total $35,141 · management and general $35,141

  • 24b · Other expenses: POSTAGE AND SHIPPING

    total $22,606 · program services $22,606

  • 24c · Other expenses: CREDIT LOSSES

    total $12,500 · management and general $12,500

  • 24d · Other expenses: MISCELLANEOUS

    total $10,855 · program services $10,855

  • 24e · All other expenses

    total $33,386 · program services $29,638 · management and general $3,748

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,074 · end of year $344,727

  • 2 · Savings and temporary cash investments

    beginning of year $122,092 · end of year $122,538

  • 4 · Accounts receivable

    beginning of year $51,574 · end of year $44,545

  • 7 · Other notes and loans receivable

    end of year $60,031

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,255 · end of year $674

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

    $160,384

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

    $151,233

  • 10c · Land, buildings and equipment, net

    beginning of year $11,022 · end of year $9,151

  • 11 · Investments: publicly traded securities

    beginning of year $198,992 · end of year $235,405

  • 14 · Intangible assets

    end of year $44,048

  • 15 · Other assets

    beginning of year $380,861 · end of year $291,517

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,556 · end of year $113,629

  • 19 · Deferred revenue

    beginning of year $229,712 · end of year $229,077

  • 23 · Secured mortgages and notes payable

    beginning of year $125,000 · end of year $125,000

  • 25 · Other liabilities

    beginning of year $409,958 · end of year $318,298

  • 27 · Net assets without donor restrictions

    beginning of year $259,644 · end of year $366,632

Mission and programs · 2023

Mission

WE ARE A MEMBER FOCUSED BUSINESS ASSOCIATION THAT FACILITATES BUSINESS GROWTH AND IMPROVES THE QUALITY OF LIFE.

Activities or mission (Part I)

WE ARE A MEMBER FOCUSED BUSINESS ASSOCIATION THAT FACILITATES BUSINESS GROWTH AND IMPROVES THE QUALITY OF LIFE IN THE REGION.

  • TO SUPPORT AND PROMOTE LOCAL BUSINESS IN CHAMPAIGN COUNTY.

    Expenses $564,479 · Revenue $91,968

As filed on the 2023 return.

Listed in Part VII

  • Kyle Emkes

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Hurley

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rj Hynds

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Kirby

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Laura Weis

    SECRETARY/CEO

    Total calculated
    $106,084
    From this org
    $106,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rachel Coventry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Escue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Barnhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Dallimier Burger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Pamela Lau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Dalitso S Sulamoyo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corrine Hillard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Weintraub

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amie Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike McDermith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chad Schumacher

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHAMPAIGN COUNTY'S BUSINESS EMPOWERED PAC

    C · POLITICAL ACTION COMMITTEE · IL · 100% owned

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202520279349301812

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