Form 990 for tax year 2024
Filed by NORTHALSTED AREA MERCHANTS ASSOC.
Totals
- Total revenue
- $689,022
- Total expenses
- $415,893
- Contributions and grants received
- $172,353
- Grants paid
- $0
- Program service revenue
- $151,648
- Investment income
- $32
- Other revenue
- $364,989
- Total assets, end of year
- $1,124,807
- Total liabilities, end of year
- $41,180
- Net assets or fund balances, end of year
- $1,083,627
- Program services expenses (Part IX)
- $157,120
- Management and general expenses
- $200,151
- Fundraising expenses
- $58,622
- Program service expenses (Part III)
- $157,120
Program services were 37.8% 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
$16,375
-
1e · Government grants (contributions)
$105,978
-
1f · All other contributions, gifts and grants
$50,000
-
2a · Program service revenue: SSA Management Fees
total $149,648 · related or exempt $149,648
-
2b · Program service revenue: Sponsorship
total $2,000 · related or exempt $2,000
-
3 · Investment income
total $32 · related or exempt $32
-
8a · Fundraising events: gross income
$1,264,802
-
8b · Fundraising events: direct expenses
$914,541
-
8c · Net income from fundraising events
total $350,261 · excluded $350,261
-
11a · Other revenue: Other related income - prior
total $14,465 · related or exempt $14,465
-
11b · Other revenue: Other related income
total $263 · related or exempt $263
-
11e · Other revenue, total
$14,728
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $167,780 · program services $100,668 · management and general $33,556 · fundraising $33,556
-
9 · Other employee benefits
total $490 · program services $294 · management and general $98 · fundraising $98
-
10 · Payroll taxes
total $13,490 · program services $8,094 · management and general $2,698 · fundraising $2,698
-
11c · Fees: accounting
total $8,150 · management and general $8,150
-
11g · Fees: other
total $46,210 · management and general $46,210
-
12 · Advertising and promotion
total $40,814 · program services $20,407 · fundraising $20,407
-
13 · Office expenses
total $4,624 · management and general $4,624
-
16 · Occupancy
total $35,570 · management and general $35,570
-
19 · Conferences, conventions and meetings
total $1,101 · management and general $1,101
-
23 · Insurance
total $1,825 · management and general $1,825
-
24a · Other expenses: Prof Fees - Development
total $24,878 · management and general $24,878
-
24b · Other expenses: Miscellaneous
total $22,038 · management and general $22,038
-
24c · Other expenses: Development
total $13,207 · program services $13,207
-
24d · Other expenses: Dues and subscriptions
total $10,403 · management and general $10,403
-
24e · All other expenses
total $25,313 · program services $14,450 · management and general $9,000 · fundraising $1,863
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $631,017 · end of year $186,799
-
2 · Savings and temporary cash investments
beginning of year $95,000 · end of year $866,524
-
4 · Accounts receivable
beginning of year $96,785 · end of year $49,058
-
9 · Prepaid expenses and deferred charges
end of year $2,964
-
15 · Other assets
beginning of year $22,038 · end of year $19,462
-
17 · Accounts payable and accrued expenses
beginning of year $34,302 · end of year $41,106
-
25 · Other liabilities
beginning of year $40 · end of year $74
-
27 · Net assets without donor restrictions
beginning of year $810,498 · end of year $1,083,627
Mission and programs · 2024
Mission
Promote local community and economic growth
-
Membership meetings promote understanding of local business environment and marketing cooperation among members
Expenses $157,120 · Revenue $166,408
-
Directory, newsletters, promotions and festivals all create awareness in the greater Chicago area of the local business commumnity, and draw visitors to the area of who might not otherwise patronize these businesses
As filed on the 2024 return.
Listed in Part VII
-
Luke Allen
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ramesh Ariyanayakam
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ashley Cornwell
Director
- Total calculated
- $0
- Hours/week
- 3
-
Niko Drake
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ralph Fasano
Director
- Total calculated
- $0
- Hours/week
- 3
-
Teofilo Limosnero
Director
- Total calculated
- $0
- Hours/week
- 3
-
Daveon Mason
Director
- Total calculated
- $0
- Hours/week
- 3
-
Kevin Barbeau
Director
- Total calculated
- $0
- Hours/week
- 3
-
Dr Andrew Knecht
President
- Total calculated
- $0
- Hours/week
- 4
-
Mark Liberson
Vice President
- Total calculated
- $0
- Hours/week
- 4
-
Brad Balof
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Niko Zistakis
secretary
- Total calculated
- $0
- Hours/week
- 4
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
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349314987
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