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Nonprofiteer
← GREATER ROCKFORD CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by GREATER ROCKFORD CHAMBER OF COMMERCE.

Totals

Total revenue
$1,330,871
Total expenses
$1,549,512
Contributions and grants received
$79,886
Grants paid
$0
Program service revenue
$1,013,718
Investment income
$109
Other revenue
$237,158
Total assets, end of year
$411,780
Total liabilities, end of year
$392,241
Net assets or fund balances, end of year
$19,539
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $79,886

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $632,065 · related or exempt $632,065

  • 2b · Program service revenue: EVENTS AND MEETINGS

    total $377,996 · related or exempt $377,996

  • 2c · Program service revenue: COUNCIL AND COMMITTEE MEETING

    total $3,657 · related or exempt $3,657

  • 3 · Investment income

    total $109 · excluded $109

  • 11a · Other revenue: THE VOICE

    total $133,709 · unrelated business $133,709

  • 11b · Other revenue: MEMBERSHIP DIRECTORY

    total $38,555 · unrelated business $38,555

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $22,139 · excluded $22,139

  • 11d · All other revenue

    total $42,755 · unrelated business $42,755

  • 11e · Other revenue, total

    $237,158

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $377,907

  • 7 · Other salaries and wages

    total $346,266

  • 8 · Pension plan contributions

    total $17,162

  • 9 · Other employee benefits

    total $50,397

  • 10 · Payroll taxes

    total $62,976

  • 11c · Fees: accounting

    total $26,673

  • 11g · Fees: other

    total $195,986

  • 13 · Office expenses

    total $128,301

  • 14 · Information technology

    total $12,417

  • 16 · Occupancy

    total $101,509

  • 17 · Travel

    total $16,513

  • 19 · Conferences, conventions and meetings

    total $125,069

  • 22 · Depreciation, depletion and amortization

    total $7,833

  • 23 · Insurance

    total $10,540

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $14,151

  • 24b · Other expenses: BANKING FEES

    total $13,575

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $8,914

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,483

  • 24e · All other expenses

    total $27,840

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $365,448 · end of year $64,833

  • 3 · Pledges and grants receivable

    beginning of year $36,207 · end of year $119,527

  • 4 · Accounts receivable

    beginning of year $70,799 · end of year $152,811

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,211 · end of year $18,397

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

    $499,414

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

    $477,042

  • 10c · Land, buildings and equipment, net

    beginning of year $12,006 · end of year $22,372

  • 15 · Other assets

    beginning of year $203,914 · end of year $33,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,516 · end of year $48,323

  • 19 · Deferred revenue

    beginning of year $418,740 · end of year $343,918

  • 27 · Net assets without donor restrictions

    beginning of year $198,276 · end of year -$9,766

  • 28 · Net assets with donor restrictions

    beginning of year $35,053 · end of year $29,305

Mission and programs · 2022

Mission

THE ROCKFORD CHAMBER OF COMMERCE DELIVERS BENEFIT TO THE COMMUNITY BY LEADING IN THE PROMOTION OF ECONOMIC GROWTH, ADVOCATING FOR THE INTERESTS OF BUSINESS AND PROVIDING SERVICE AND EDUCATION OPPORTUNITIES THAT HELP OUR MEMBERS GROW.

Activities or mission (Part I)

PROMOTION OF ECONOMIC GROWTH, ADVOCATING FOR THE INTERESTS OF BUSINESS AND PROVIDING SERVICE AND EDUCATION OPPORTUNITIES THAT HELP OUR MEMBERS GROW

  • THE ROCKFORD CHAMBER IS A NOT-FOR-PROFIT BUSINESS ASSOCIATION WHOSE ACTIVITIES ARE DIRECTED TOWARDS ENHANCING THE ECONOMIC VITALITY OF ITS MEMBERS THROUGH BUSINESS ADVOCACY, EDUCATIONAL PROGRAMS AND HOSTING OF VARIOUS SPECIAL EVENTS TO HELP BUSINESSES CONNECT WITH EACH OTHER.

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

Listed in Part VII

  • Einar Forsman

    PRESIDENT

    Total calculated
    $237,218
    From this org
    $218,303
    From related orgs
    $0
    Other
    $18,915
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $218,303
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,863
    Nontaxable benefits
    $9,052
    Filer's total
    $237,218

  • Caitlin Pusateri

    PRESIDENT

    Total calculated
    $140,689
    From this org
    $125,467
    From related orgs
    $0
    Other
    $15,222
    Hours/week
    37.5

  • Lavonne Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Samuel Castree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Lesly Couper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jean Crosby

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Doug Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Don Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rebecca Epperson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Carol Friesen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Eric Fulcomer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Ira Grimmett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • John Groh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Tim Honquest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Michael Iasparro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Carly Lamonica

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kris Machajewski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Christina Valdez Peacock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Joel Prah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Nicole Radford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dan Ross

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Denise Sasse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Peter Schmeling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • John Schuster

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Brent Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Teresa Sharp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dr Alex Stagnaro-Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Karl Swanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dustin Vock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Robert Young

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349326662

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