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Nonprofiteer
← CHAMPAIGN COUNTY CHAMBER OF COMMERCE INC

Form 990 for tax year 2024

Filed by CHAMPAIGN COUNTY CHAMBER OF COMMERCE INC.

Totals

Total revenue
$798,594
Total expenses
$821,483
Contributions and grants received
$135,189
Grants paid
$0
Program service revenue
$518,369
Investment income
$24,226
Other revenue
$120,810
Total assets, end of year
$973,687
Total liabilities, end of year
$600,904
Net assets or fund balances, end of year
$372,783
Program services expenses (Part IX)
$626,235
Management and general expenses
$195,248
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 76.2% 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.

  • 1e · Government grants (contributions)

    $123,766

  • 1f · All other contributions, gifts and grants

    $11,423

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $463,198 · related or exempt $463,198

  • 2b · Program service revenue: COMMERCIAL ENERGY COMMISSIONS

    total $47,497 · related or exempt $47,497

  • 2c · Program service revenue: PUBLICATIONS AND ADVERTISING

    total $7,674 · related or exempt $7,674

  • 3 · Investment income

    total $24,226 · excluded $24,226

  • 6a · Gross rents

    real property $25,827

  • 6c · Rental income or loss

    real property $25,827

  • 6d · Net rental income or loss

    total $25,827 · related or exempt $25,827

  • 8a · Fundraising events: gross income

    $86,672

  • 8b · Fundraising events: direct expenses

    $46,000

  • 8c · Net income from fundraising events

    total $40,672 · excluded $40,672

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $54,311 · related or exempt $54,311

  • 11e · Other revenue, total

    $54,311

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,316 · program services $89,836 · management and general $27,480

  • 7 · Other salaries and wages

    total $219,000 · program services $166,672 · management and general $52,328

  • 9 · Other employee benefits

    total $53,080 · program services $40,484 · management and general $12,596

  • 10 · Payroll taxes

    total $32,499 · program services $24,787 · management and general $7,712

  • 11g · Fees: other

    total $82,619 · program services $82,619

  • 12 · Advertising and promotion

    total $352 · program services $352

  • 13 · Office expenses

    total $49,213 · program services $45,709 · management and general $3,504

  • 16 · Occupancy

    total $101,708 · program services $81,366 · management and general $20,342

  • 17 · Travel

    total $3,465 · program services $3,465

  • 19 · Conferences, conventions and meetings

    total $1,238 · program services $1,238

  • 20 · Interest

    total $6,305 · management and general $6,305

  • 22 · Depreciation, depletion and amortization

    total $16,842 · program services $13,474 · management and general $3,368

  • 23 · Insurance

    total $6,393 · program services $6,393

  • 24a · Other expenses: CREDIT LOSS EXPENSE

    total $58,530 · management and general $58,530

  • 24b · Other expenses: ADVOCACY EXPENSE

    total $34,587 · program services $34,587

  • 24c · Other expenses: ARPA FUND EXPENSES

    total $18,517 · program services $18,517

  • 24d · Other expenses: EQUIPMENT LEASE & MAINT

    total $15,414 · program services $12,331 · management and general $3,083

  • 24e · All other expenses

    total $4,405 · program services $4,405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $344,727 · end of year $237,811

  • 2 · Savings and temporary cash investments

    beginning of year $122,538 · end of year $108,571

  • 4 · Accounts receivable

    beginning of year $44,545 · end of year $65,260

  • 7 · Other notes and loans receivable

    beginning of year $60,031 · end of year $57,940

  • 9 · Prepaid expenses and deferred charges

    beginning of year $674 · end of year $3,463

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

    $110,750

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

    $104,531

  • 10c · Land, buildings and equipment, net

    beginning of year $9,151 · end of year $6,219

  • 11 · Investments: publicly traded securities

    beginning of year $235,405 · end of year $264,445

  • 14 · Intangible assets

    beginning of year $44,048 · end of year $30,138

  • 15 · Other assets

    beginning of year $291,517 · end of year $199,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,629 · end of year $59,979

  • 19 · Deferred revenue

    beginning of year $229,077 · end of year $194,772

  • 23 · Secured mortgages and notes payable

    beginning of year $125,000 · end of year $125,000

  • 25 · Other liabilities

    beginning of year $318,298 · end of year $221,153

  • 27 · Net assets without donor restrictions

    beginning of year $366,632 · end of year $372,783

Mission and programs · 2024

Mission

THE CHAMBER PROMOTES AND SUPPORTS THE BUSINESS COMMUNITY THROUGH THEIR PROGRAM BY ADVOCATING THE BEST INTERESTS OF ITS MEMBERSHIP AND BY DELIVERING EXCELLENCE IN MEMBERSHIP SERVICES AND BENEFITS.

  • PROMOTING AND SUPPORTING THE BUSINESS COMMUNITY IN CHAMPAIGN COUNTY

As filed on the 2024 return.

Listed in Part VII

  • Ms Laura Weis

    SECRETARY

    Total calculated
    $117,787
    From this org
    $117,787
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Mr John T Barnhart

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Denise Dallmier Burger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mr Matthew A Carr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ms Rachel Coventry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mr Kyle J Emkes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mila Thomas Fuller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mr Daniel Hurley

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mr Rj Hynds

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Mr Dan Kirby

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dr Pam Lau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mr Jerry Payonk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mr Ben Quinn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chad Schumacher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nathan Shoemaker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ms Amie Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Dalitso S Sulamoyo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kate Swinford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Trefzger

    BOARD MEMBER

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHAMPAIGN COUNTY'S BUSINESS EMPOWERED PAC

    C CORP · PAC · IL · 100% owned

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
28 April 2026
IRS schema version
2024v5.0
Source object
202621249349301837

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