Form 990 for tax year 2023
Filed by BOLINGBROOK AREA CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $438,072
- Total expenses
- $482,917
- Contributions and grants received
- $138,308
- Grants paid
- $4,522
- Program service revenue
- $214,975
- Investment income
- $1,958
- Other revenue
- $82,831
- Total assets, end of year
- $138,681
- Total liabilities, end of year
- $66,738
- Net assets or fund balances, end of year
- $71,943
- Program services expenses (Part IX)
- $386,590
- Management and general expenses
- $96,327
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 80.1% 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
$132,993
-
1f · All other contributions, gifts and grants
$5,315
-
2a · Program service revenue: TASTE OF BOLINGBROOK
total $76,566 · related or exempt $76,566
-
2b · Program service revenue: STATE OF VILLAGE
total $45,200 · related or exempt $45,200
-
2c · Program service revenue: GOLF NETWORKING OUTING
total $30,670 · related or exempt $30,670
-
2d · Program service revenue: BOBB AWARDS
total $29,913 · related or exempt $29,913
-
2e · Program service revenue: DIRECTORY/MAP
total $6,274 · related or exempt $6,274
-
2f · All other program service revenue
total $26,352 · related or exempt $26,352
-
3 · Investment income
total $1,958 · excluded $1,958
-
6a · Gross rents
real property $298,714
-
6b · Less rental expenses
real property $215,883
-
6c · Rental income or loss
real property $82,831
-
6d · Net rental income or loss
total $82,831 · unrelated business $82,831
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,522 · program services $4,522
-
7 · Other salaries and wages
total $194,075 · program services $145,556 · management and general $48,519
-
9 · Other employee benefits
total $958 · program services $718 · management and general $240
-
10 · Payroll taxes
total $13,194 · program services $9,895 · management and general $3,299
-
11c · Fees: accounting
total $3,323 · program services $2,492 · management and general $831
-
11g · Fees: other
total $30 · management and general $30
-
12 · Advertising and promotion
total $8,551 · program services $8,551
-
13 · Office expenses
total $32,670 · program services $16,992 · management and general $15,678
-
14 · Information technology
total $15,837 · program services $15,837
-
16 · Occupancy
total $720 · program services $540 · management and general $180
-
17 · Travel
total $2,570 · management and general $2,570
-
19 · Conferences, conventions and meetings
total $180,339 · program services $173,816 · management and general $6,523
-
20 · Interest
total $59 · management and general $59
-
22 · Depreciation, depletion and amortization
total $212 · management and general $212
-
23 · Insurance
total $1,635 · program services $650 · management and general $985
-
24a · Other expenses: FEDERAL TAX 990T
total $16,278 · management and general $16,278
-
24b · Other expenses: MERCHANT FEES
total $6,066 · program services $6,066
-
24c · Other expenses: PENALTIES/FINES
total $923 · management and general $923
-
24d · Other expenses: MISC
total $425 · program services $425
-
24e · All other expenses
total $530 · program services $530
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $128,015 · end of year $65,885
-
2 · Savings and temporary cash investments
beginning of year $28,298 · end of year $30,459
-
4 · Accounts receivable
beginning of year $40,000
-
7 · Other notes and loans receivable
beginning of year $52,484 · end of year $42,231
-
10a · Land, buildings and equipment: cost or other basis
$36,244
-
10b · Land, buildings and equipment: accumulated depreciation
$36,138
-
10c · Land, buildings and equipment, net
beginning of year $318 · end of year $106
-
17 · Accounts payable and accrued expenses
beginning of year $96,418 · end of year $61,688
-
19 · Deferred revenue
beginning of year $32,000 · end of year $5,050
-
25 · Other liabilities
beginning of year $3,909
-
27 · Net assets without donor restrictions
beginning of year $116,788 · end of year $71,943
Mission and programs · 2023
Mission
TO PROMOTE AND PROVIDE SERVICES FOR BUSINESSES IN THE BOLINGBROOK AREA
-
PROVIDE OPPORTUNITIES FOR BUSINESSES TO INTERACT WITH EACH OTHER THROUGH MEETING AND OTHER ACTIVITIES. ALL MEMBERS CAN ATTEND.
-
PROMOTE BUSINESSES WITH THE BUSINESS EXPO, MIM FEST, MEMBER DIRECTORY, PARAGE AND OTHER ACTIVITES. ALL MEMBERS CAN PARTICIPATE.
As filed on the 2023 return.
Listed in Part VII
-
PAUL CRUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JENNA FASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOE GIAMANCO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
LARRY GREENWICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JEFFREY HETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MIKE JOSTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KRISTINE KUCHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBYN MCBROOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KAREN METCALFE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
FATINA SAYEGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TRISTAN SHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DIANE SORESCU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501339349302680
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