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← GREATER CRYSTAL LAKE AREA CHAMBER OF COMMERCE & INDUSTRY

Form 990 for tax year 2022

Filed by GREATER CRYSTAL LAKE AREA CHAMBER OF COMMERCE & INDUSTRY.

Totals

Total revenue
$470,015
Total expenses
$486,607
Contributions and grants received
$293,688
Grants paid
$0
Program service revenue
$156,972
Investment income
$2,069
Other revenue
$17,286
Total assets, end of year
$273,092
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$273,092
Program services expenses (Part IX)
$227,233
Management and general expenses
$259,374
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 46.7% 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

    $284,202

  • 1f · All other contributions, gifts and grants

    $9,486

  • 2a · Program service revenue: EVENTS AND PROGRAMS

    total $156,972 · related or exempt $156,972

  • 3 · Investment income

    total $2,069 · excluded $2,069

  • 5 · Royalties

    total $8,696 · excluded $8,696

  • 11a · Other revenue: OTHER INCOME

    total $8,590 · related or exempt $8,590

  • 11e · Other revenue, total

    $8,590

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $262,750 · program services $131,375 · management and general $131,375

  • 8 · Pension plan contributions

    total $4,777 · program services $2,388 · management and general $2,389

  • 9 · Other employee benefits

    total $10,911 · program services $5,455 · management and general $5,456

  • 10 · Payroll taxes

    total $29,550 · program services $14,775 · management and general $14,775

  • 11b · Fees: legal

    total $3,004 · management and general $3,004

  • 11c · Fees: accounting

    total $5,225 · management and general $5,225

  • 11g · Fees: other

    total $26,836 · management and general $26,836

  • 12 · Advertising and promotion

    total $1,793 · management and general $1,793

  • 13 · Office expenses

    total $14,689 · management and general $14,689

  • 14 · Information technology

    total $6,088 · management and general $6,088

  • 16 · Occupancy

    total $7,387 · management and general $7,387

  • 17 · Travel

    total $3,216 · management and general $3,216

  • 19 · Conferences, conventions and meetings

    total $3,530 · management and general $3,530

  • 22 · Depreciation, depletion and amortization

    total $4,098 · management and general $4,098

  • 23 · Insurance

    total $2,862 · management and general $2,862

  • 24a · Other expenses: EVENTS AND PROGRAMS

    total $73,240 · program services $73,240

  • 24b · Other expenses: BANK FEES

    total $10,944 · management and general $10,944

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $7,483 · management and general $7,483

  • 24d · Other expenses: CHAMBER ASSOCIATE DUES

    total $2,074 · management and general $2,074

  • 24e · All other expenses

    total $6,150 · management and general $6,150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $177,604 · end of year $167,667

  • 2 · Savings and temporary cash investments

    beginning of year $3,742

  • 8 · Inventories for sale or use

    end of year $1,134

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

    $249,097

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

    $144,806

  • 10c · Land, buildings and equipment, net

    beginning of year $108,388 · end of year $104,291

  • 25 · Other liabilities

    beginning of year $50

  • 27 · Net assets without donor restrictions

    beginning of year $289,684 · end of year $273,092

Mission and programs · 2022

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.

As filed on the 2022 return.

Listed in Part VII

  • Eric Beier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Leslie Blake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gary Bonick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pierre Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Horist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Suha Hossain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cameron Hubbard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Karlov

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kathryn Martens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stacy Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott McKeever

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katie O'Neill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ken Pringle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Catie Schmit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christ Slack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Randy Smith

    PAST CHAIRMA

    Total calculated
    $0
    Hours/week
    1
  • Grace Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Samantha Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Wheeland

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1
  • Catherine Peterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

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
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202400169349304610

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