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Nonprofiteer
← BOLINGBROOK AREA CHAMBER OF COMMERCE INC

Form 990 for tax year 2024

Filed by BOLINGBROOK AREA CHAMBER OF COMMERCE INC.

Totals

Total revenue
$557,810
Total expenses
$626,454
Contributions and grants received
$184,385
Grants paid
$5,031
Program service revenue
$325,986
Investment income
$3,047
Other revenue
$44,392
Total assets, end of year
$98,149
Total liabilities, end of year
$94,850
Net assets or fund balances, end of year
$3,299
Program services expenses (Part IX)
$514,737
Management and general expenses
$111,717
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 82.2% 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

    $176,695

  • 1f · All other contributions, gifts and grants

    $7,690

  • 2a · Program service revenue: TASTE OF BOLINGBROOK

    total $174,290 · related or exempt $174,290

  • 2b · Program service revenue: STATE OF VILLAGE

    total $56,282 · related or exempt $56,282

  • 2c · Program service revenue: BOBB AWARDS

    total $28,909 · related or exempt $28,909

  • 2d · Program service revenue: GOLF NETWORKING OUTING

    total $23,610 · related or exempt $23,610

  • 2e · Program service revenue: BUSINESS DEVELOPMENT GROUPS

    total $9,622 · related or exempt $9,622

  • 2f · All other program service revenue

    total $33,273 · related or exempt $33,273

  • 3 · Investment income

    total $3,047 · excluded $3,047

  • 6a · Gross rents

    real property $210,736

  • 6b · Less rental expenses

    real property $166,344

  • 6c · Rental income or loss

    real property $44,392

  • 6d · Net rental income or loss

    total $44,392 · unrelated business $44,392

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,031 · program services $3,031

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 7 · Other salaries and wages

    total $226,554 · program services $169,915 · management and general $56,639

  • 9 · Other employee benefits

    total $547 · program services $410 · management and general $137

  • 10 · Payroll taxes

    total $24,336 · program services $18,252 · management and general $6,084

  • 11g · Fees: other

    total $70 · management and general $70

  • 12 · Advertising and promotion

    total $17,530 · program services $17,530

  • 13 · Office expenses

    total $34,323 · program services $14,795 · management and general $19,528

  • 14 · Information technology

    total $9,240 · program services $9,240

  • 16 · Occupancy

    total $1,043 · program services $782 · management and general $261

  • 17 · Travel

    total $2,853 · management and general $2,853

  • 19 · Conferences, conventions and meetings

    total $283,931 · program services $276,537 · management and general $7,394

  • 22 · Depreciation, depletion and amortization

    total $106 · management and general $106

  • 23 · Insurance

    total $985 · management and general $985

  • 24a · Other expenses: FEDERAL TAX 990T

    total $9,704 · management and general $9,704

  • 24b · Other expenses: IL TAX 990T

    total $6,325 · management and general $6,325

  • 24c · Other expenses: MERCHANT FEES 30%

    total $3,262 · program services $1,631 · management and general $1,631

  • 24d · Other expenses: MISC

    total $520 · program services $520

  • 24e · All other expenses

    total $94 · program services $94

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,885

  • 2 · Savings and temporary cash investments

    beginning of year $30,459 · end of year $45,665

  • 7 · Other notes and loans receivable

    beginning of year $42,231 · end of year $52,484

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

    $36,244

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

    $36,244

  • 10c · Land, buildings and equipment, net

    beginning of year $106

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,688 · end of year $94,850

  • 19 · Deferred revenue

    beginning of year $5,050

  • 27 · Net assets without donor restrictions

    beginning of year $71,943 · end of year $3,299

Mission and programs · 2024

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 2024 return.

Listed in Part VII

  • Larry Greenwich

    PRESIDENT

    Total calculated
    $2
    From this org
    $2
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • 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
    2

  • 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

  • Tristan Shaw

    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
2024
Filed
6 November 2025
IRS schema version
2024v5.0
Source object
202543189349301554

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