Form 990 for tax year 2024
Filed by MEXICAN AMERICAN CHAMBER OF COMMERCE OF ILLINOIS INC.
Totals
- Total revenue
- $4,228,796
- Total expenses
- $3,588,178
- Contributions and grants received
- $3,979,885
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $248,911
- Total assets, end of year
- $1,288,882
- Total liabilities, end of year
- $679,268
- Net assets or fund balances, end of year
- $609,614
- Program services expenses (Part IX)
- $2,470,680
- Management and general expenses
- $890,528
- Fundraising expenses
- $226,970
- Program service expenses (Part III)
- $2,470,680
Program services were 68.9% 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
$168,346
-
1d · Related organizations
$110,000
-
1e · Government grants (contributions)
$3,350,967
-
1f · All other contributions, gifts and grants
$350,572
-
8a · Fundraising events: gross income
$1,151,014
-
8b · Fundraising events: direct expenses
$902,103
-
8c · Net income from fundraising events
total $248,911 · excluded $248,911
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,754,268 · program services $1,315,700 · management and general $280,683 · fundraising $157,885
-
9 · Other employee benefits
total $154,168 · program services $115,626 · management and general $24,667 · fundraising $13,875
-
10 · Payroll taxes
total $153,129 · program services $114,846 · management and general $24,500 · fundraising $13,783
-
11a · Fees: management
total $704,901 · program services $585,068 · management and general $119,833
-
11g · Fees: other
total $471,452 · program services $131,955 · management and general $326,705 · fundraising $12,792
-
12 · Advertising and promotion
total $68,143 · program services $68,143
-
13 · Office expenses
total $18,672 · management and general $14,938 · fundraising $3,734
-
16 · Occupancy
total $190,164 · program services $127,317 · management and general $39,483 · fundraising $23,364
-
20 · Interest
total $56,646 · management and general $56,646
-
22 · Depreciation, depletion and amortization
total $1,268 · program services $1,268
-
23 · Insurance
total $15,367 · program services $10,757 · management and general $3,073 · fundraising $1,537
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $54,672 · end of year $212,244
-
4 · Accounts receivable
beginning of year $628,651 · end of year $1,052,412
-
9 · Prepaid expenses and deferred charges
end of year $16,250
-
10a · Land, buildings and equipment: cost or other basis
$131,432
-
10b · Land, buildings and equipment: accumulated depreciation
$130,160
-
10c · Land, buildings and equipment, net
beginning of year $2,541 · end of year $1,272
-
15 · Other assets
beginning of year $13,408 · end of year $6,704
-
17 · Accounts payable and accrued expenses
beginning of year $192,754 · end of year $191,738
-
25 · Other liabilities
beginning of year $537,522 · end of year $487,530
-
27 · Net assets without donor restrictions
beginning of year -$31,004 · end of year $609,614
Mission and programs · 2024
Mission
A STRONG ADVOCATE FOR BUSINESS ISSUES. THE CHAMBER ALSO PROVIDES TECHNICAL AND GENERAL ASSISTANCE TO ENTREPRENEURS TO BE COMPETITIVE IN TODAY'S ECONOMY.
-
SMALL BUSINESS TRANSPORTATION RESOURCE CENTER(SBRTC) MISSION IS TO INCREASE THE NUMBER OF SMALL BUSINESSES THAT ARE PREPARED TO COMPETE FOR, AND ENTER INTO, TRANSPORTATION RELATED PRIME AND SUBCONTRACT OPPORTUNITIES. THE PURPOSE OF THE SBTRC IS TO OFFER A COMPREHENSIVE DELIVERY SYSTEM OF: ONE- ON-ONE BUSINESS COUNSELING; ACCESS TO CAPITAL ASSISTANCE/SHORT TERM LENDING; BONDING ASSISTANCE; AND ADMINISTRATION OF THE WOMEN AND GIRLS IN TRANSPORTATION INITIATIVE.
Expenses $2,344,380
-
CC4G-TOLLWAY PROGRAM IS DESIGNED TO ASSIST SMALL MINORITY AND WOMEN OWNED CONSRUCTION BUSINESSES WITH INCREASING THEIR CAPACITY,COMPETIVENESS, AND CONTRACTING OPPORTUNITIES WITH THE ILLINOIS TOLLWAY. PLACES A HEAVY EMPHASIS ON INDIVIUALIZED STRATEGIC COACHING SESSIONS AS A CRITICAL ELEMENT TO ENHANCE BUSINESS PRACTICES AND PROMOTE GROWTH. THESE INDIVIDUAL COACHING SESSIONS ARE DESIGNED TO PROVIDE ASSISTANCE AND GUIDANCE TO SPECIFIC ITEMS THAT IMPACT THIER BUSINESS.
-
ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) DEDICATED TO HELPING NEW ENTREPRENEURS REALIZE THEIR DREAM OF BUSINESS OWNERSHIP, AND EXISTING BUSINESSESACCESS NETWORKS TO GROW THIER BUSINESS AND DELIVER LONG-TERM POSITIVE ECONOMIC IMPACT. THE CENTER ASSISTS ENTREPRENEURS IN ALL PHASES OF THIER BUSINESS GROWTH.
-
DCEO COMMUNITY NAVIGATOR. PROGRAM THAT WORKS IN PARTNERSHIP WITH 7 CHAMBERS OF COMMERCE IN ILLINOIS TO PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS IN OBTAINING GRANTS, CAPITAL, LOANS AND MORE.
Expenses $126,300
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jaime DipauloJAIME DIPAULO
CEO
- Total calculated
- $174,040
- From this org
- $174,040
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,040
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $174,040
-
Daniel ArceDANIEL ARCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lewis BinswangerLEWIS BINSWANGER
DIRECTOR
- Total calculated
- $0
-
Yahaira FelixYAHAIRA FELIX
DIRECTOR
- Total calculated
- $0
-
Jose GarciaJOSE GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Juan GaytanJUAN GAYTAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Mayra KhanMAYRA KHAN
DIRECTOR
- Total calculated
- $0
-
Yaneth MedinaYANETH MEDINA
DIRECTOR
- Total calculated
- $0
-
Arthur Zayas MillerARTHUR ZAYAS MILLER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Luis PuigLUIS PUIG
DIRECTOR
- Total calculated
- $0
-
Arabel Alva RosalesARABEL ALVA ROSALES
DIRECTOR
- Total calculated
- $0
-
Korina SanchezKORINA SANCHEZ
DIRECTOR
- Total calculated
- $0
-
Milena TousMILENA TOUS
DIRECTOR
- Total calculated
- $0
-
Homero TristanHOMERO TRISTAN
DIRECTOR
- Total calculated
- $0
-
Socorro VazquezSOCORRO VAZQUEZ
DIRECTOR
- Total calculated
- $0
-
Guillermo GarciaGUILLERMO GARCIA
SECRETARY &
- Total calculated
- $0
- Hours/week
- 5
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
- 2024
- Filed
- 21 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503149349306300
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