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Nonprofiteer
← LITTLE VILLAGE 26TH ST AREA CHAMBER OF COMMERCE INC

Form 990 for tax year 2022

Filed by LITTLE VILLAGE 26TH ST AREA CHAMBER OF COMMERCE INC.

Totals

Total revenue
$531,757
Total expenses
$443,492
Contributions and grants received
$171,227
Grants paid
$0
Program service revenue
$144,995
Investment income
$3
Other revenue
$215,532
Total assets, end of year
$305,389
Total liabilities, end of year
$15,350
Net assets or fund balances, end of year
$290,039
Program services expenses (Part IX)
$284,193
Management and general expenses
$128,295
Fundraising expenses
$31,004
Program service expenses (Part III)
not reported

Program services were 64.1% 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

    $52,150

  • 1e · Government grants (contributions)

    $74,721

  • 1f · All other contributions, gifts and grants

    $44,356

  • 2a · Program service revenue: SSA PROVIDER DIRECT

    total $67,906 · related or exempt $67,906

  • 2b · Program service revenue: BANNER REVENUE

    total $54,900 · related or exempt $54,900

  • 2c · Program service revenue: OTHER INCOME

    total $22,189 · related or exempt $22,189

  • 3 · Investment income

    total $3 · excluded $3

  • 8a · Fundraising events: gross income

    $375,061

  • 8b · Fundraising events: direct expenses

    $152,165

  • 8c · Net income from fundraising events

    total $222,896

  • 11a · Other revenue: INVESTMENT IN LVBI

    total -$7,364 · related or exempt -$7,364

  • 11e · Other revenue, total

    -$7,364

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $256,293 · program services $192,220 · management and general $41,007 · fundraising $23,066

  • 10 · Payroll taxes

    total $19,735 · program services $14,801 · management and general $3,158 · fundraising $1,776

  • 11c · Fees: accounting

    total $72,012 · management and general $72,012

  • 12 · Advertising and promotion

    total $19,202 · program services $19,202

  • 13 · Office expenses

    total $15,528 · program services $15,528

  • 17 · Travel

    total $1,010 · program services $1,010

  • 22 · Depreciation, depletion and amortization

    total $2,784 · program services $2,784

  • 23 · Insurance

    total $15,800 · program services $9,638 · fundraising $6,162

  • 24a · Other expenses: UTILITIES

    total $13,451 · program services $11,433 · management and general $2,018

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $11,465 · program services $11,465

  • 24c · Other expenses: MISCELLANEOUS

    total $6,227 · management and general $6,227

  • 24d · Other expenses: BANK CHARGES

    total $4,509 · program services $4,013 · management and general $496

  • 24e · All other expenses

    total $5,476 · program services $2,099 · management and general $3,377

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,403 · end of year $224,230

  • 4 · Accounts receivable

    beginning of year $48,542 · end of year $11,885

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

    $90,884

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

    $57,092

  • 10c · Land, buildings and equipment, net

    beginning of year $36,578 · end of year $33,792

  • 15 · Other assets

    beginning of year $63,118 · end of year $35,482

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,821 · end of year $350

  • 19 · Deferred revenue

    beginning of year $17,000 · end of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $201,820 · end of year $290,038

Mission and programs · 2022

Mission

THE CHAMBER'S MISSION IS TO PROMOTE AND SUPPORT THE GROWTH AND SUCCESS OF BUSINESS IN LITTLE VILLAGE AND TO LEVERAGE THE COMMUNITY'S UNIQUE CULTURAL IDENTITY TO GENERATE NEW BUSINESS OPPORTUNITIES. THE LITTLE VILLAGE 26TH TSREET AREA CHAMBER OF COMMERCE WORKS CLOSELY WITH BUSINESS AND COMMUNITY LEADERS, LOCAL, STATE AND FEDERAL AGENCIES; LAW ENFORCEMENT; CORPORATE PARTNERS; ELECTED OFFICIALS AND OTHERS TO ADDRESS THE ISSUES THAT AFFECT BUSINESS OWNERS AND COMMUNITY RESIDENTS. THE LITTLE VILLAGE CHAMBER OF COMMERCE SERVES ITS MEMBERS AND PROMOTES THE LITTLE VILLAGE BUSINESS COMMUNITY BY FOCUSING ON TWO PRIMARY AREAS: MEMBER SERVICES AND COMMERCIAL DEVELOPMENT.

Activities or mission (Part I)

TO SERVE ITS MEMBERS AND PROMOTE THE LITTLE VILLAGE AREA THROUGH ASSISTANCE, ADVOCACY, AND COMMERCIAL DEVELOPMENT.

  • TO PROVIDE ENTREPRENEURS THE UTMOST LEVEL OF SUPPORT TO INSURE THAT BUSINESS GROWTH IS FEASIBLE BY PROVIDING CONSULTING SERVICES AND OPERATIONAL ANALYTICS TOGETHER HELPS PREVENT DEVELOPING ISSUES GET RESOLVED BEFORE BUSINESS IS IMPACTED. GEARED TOWARDS BRIDGING THE GAP BETWEEN UNEMPLOYED YOUNG ADULTS AND EMPLOYER DEMAND. TRANSITION FROM ENTREPRENEUR TO BUSINESS OWNERS. RESOLVE VACANT RESIDENTIAL AND COMMERCIAL PROPERTIES ISSUES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mayra Khana

    DIRECTOR

    Total calculated
    $0

  • Antonio Guillen

    TREASURER

    Total calculated
    $0

  • Jason Roberts

    VICE TREASUR

    Total calculated
    $0

  • Eve Rodriguez Montoya

    VICE PRESIDE

    Total calculated
    $0

  • Salvador Pedroza

    DIRECTOR

    Total calculated
    $0

  • Mario Rodriguez

    DIRECTOR

    Total calculated
    $0

  • Manuel Martinez

    PRESIDENT

    Total calculated
    $0

  • Robert Gottfred

    DIRECTOR

    Total calculated
    $0

  • Roman Ruiz

    DIRECTOR

    Total calculated
    $0

  • Vicente Torres

    DIRECTOR

    Total calculated
    $0

  • Mike Moreno

    DIRECTOR

    Total calculated
    $0

  • Jennifer Aguilar

    SECRETARY

    Total calculated
    $0

  • Abad Lopez

    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
2022
Filed
18 October 2023
IRS schema version
2022v5.0
Source object
202323189349314732

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