Form 990 for tax year 2022
Filed by EDISON PARK CHAMBER OF COMMERCE.
Totals
- Total revenue
- $348,631
- Total expenses
- $254,066
- Contributions and grants received
- $94,574
- Grants paid
- $0
- Program service revenue
- $223,598
- Investment income
- $103
- Other revenue
- $30,356
- Total assets, end of year
- $631,862
- Total liabilities, end of year
- $165,319
- Net assets or fund balances, end of year
- $466,543
- 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.
-
1c · Fundraising events
$29,688
-
1e · Government grants (contributions)
$64,886
-
2a · Program service revenue: VALET-MULTIPLE LOT
total $55,320 · excluded $55,320
-
2b · Program service revenue: COMMUNITY PROGRAMS & EVENTS
total $47,389 · related or exempt $47,389
-
2c · Program service revenue: MEMBERSHIP DUES
total $33,905 · related or exempt $33,905
-
2d · Program service revenue: PARKING LOT - NORTHWEST HWY
total $25,680 · excluded $25,680
-
2e · Program service revenue: METRA STATION MANAGEMENT
total $23,186 · unrelated business $23,186
-
2f · All other program service revenue
total $38,118 · related or exempt $5,118 · unrelated business $22,800 · excluded $10,200
-
3 · Investment income
total $103 · excluded $103
-
8a · Fundraising events: gross income
$207,942
-
8a · Fundraising events: contributions included on line 1c
$29,688
-
8b · Fundraising events: direct expenses
$178,174
-
8c · Net income from fundraising events
total $29,768 · excluded $29,768
-
11a · Other revenue: 1099-K FIRST DATA REPORTING
total $97,155 · related or exempt $97,155
-
11b · Other revenue: 2019 RECEIVABLE RECORDED
total $588 · related or exempt $588
-
11c · Other revenue: LESS MEMBERS, GIFT CERT, ETC.
total -$97,155 · related or exempt -$97,155
-
11e · Other revenue, total
$588
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $45,000
-
7 · Other salaries and wages
total $15,810
-
10 · Payroll taxes
total $4,966
-
11c · Fees: accounting
total $10,292
-
11g · Fees: other
total $503
-
12 · Advertising and promotion
total $1,043
-
13 · Office expenses
total $20,190
-
14 · Information technology
total $3,462
-
16 · Occupancy
total $17,886
-
19 · Conferences, conventions and meetings
total $8,773
-
20 · Interest
total $8,996
-
22 · Depreciation, depletion and amortization
total $2,051
-
23 · Insurance
total $3,225
-
24a · Other expenses: UBIT
total $2,306
-
24b · Other expenses: VALET PARKING EXPENSES
total $56,600
-
24c · Other expenses: COMMUNITY PROGRAM COSTS
total $20,394
-
24d · Other expenses: UTILITIES & SECURITY -MRR
total $6,588
-
24e · All other expenses
total $25,981
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $35,509 · end of year $104,399
-
9 · Prepaid expenses and deferred charges
beginning of year $15,314 · end of year $588
-
10a · Land, buildings and equipment: cost or other basis
$693,493
-
10b · Land, buildings and equipment: accumulated depreciation
$174,474
-
10c · Land, buildings and equipment, net
beginning of year $521,070 · end of year $519,019
-
15 · Other assets
beginning of year $6,077 · end of year $7,856
-
17 · Accounts payable and accrued expenses
beginning of year $4,004 · end of year $8,557
-
19 · Deferred revenue
end of year $29,980
-
23 · Secured mortgages and notes payable
beginning of year $201,988 · end of year $124,434
-
25 · Other liabilities
end of year $2,348
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $6,442 · end of year $6,630
-
31 · Retained earnings, endowment or other funds
beginning of year $365,536 · end of year $459,913
Mission and programs · 2022
Mission
TO PROMOTE GOOD WILL AND ENTERPRISE BETWEEN THE BUSINESSES AND RESIDENTIAL COMMUNITIES AND TO ENCOURAGE, ENHANCE AND MAINTAIN THE EDISON PARK AREA. THE EDISON PARK CHAMBERS' OFFICERS AND DIRECTORS ARE COMMITTED TO THESE GOALS AND WORK TOGETHER WITH THE COMMUNITY THROUGH ITS ORGANIZATIONS, BUSINESSES, SCHOOLS AND CHURCHES TO MAINTAIN COMMUNITY STABILITY AND PROMOTE ECONOMIC DEVELOPMENT.
Activities or mission (Part I)
PROMOTE AND REPRESENT EDISON PARK BUSINESSES, AND ADVANCE THE GROWTH AND PROSPERITY OF THE EDISON PARK COMMUNITY.
-
THE EDISON PARK FEST - A THREE DAY EVENT INCLUDING BUSINESS EXPO, ARTS AND CRAFTS, PARADE, ENTERTAINMENT, DOG SHOW, BINGO, RAFFLE, TASTE OF EDISON PARK, CARNIVAL AND GAMES WAS HELD. THE EDISON PARK FEST HELPS ECONOMIC DEVELOPMENT OF THE AREA BY BRINGING MANY VISITORS TO EDISON PARK.
-
COMMUNITY PROGRAMS - A VARIETY OF PROGRAMS TO BENEFIT THE COMMUNITY INCLUDING THE EDISON PARK RESTAURANT WEEK, SUNDAY FUNDAY ST. PATRICK'S CELEBRATION, AND SANTA EXPRESS HOLIDAY FESTIVAL ARE NORMALLY HELD. THESE PROGRAMS ARE DESIGNED TO ENGAGE THE COMMUNITY AND TO HELP PROMOTE ALL BUSINESSES IN THE EDISON PARK AREA.
-
PARKING DEVELOPMENT - OWN AND MANAGE TWO PARKING LOTS TO BENEFIT THE CORE BUSINESS DISTRICT, BENEFITING BUSINESS AND RESIDENTIAL COMMUNITY.
-
COMMUNITY AND ECONOMIC DEVELOPMENT.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amanda HarresAMANDA HARRES
EXECUTIVE DI
- Total calculated
- $45,000
- From this org
- $45,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jackie AdamsJACKIE ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elena AngelosELENA ANGELOS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sam ChiappetaSAM CHIAPPETA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly ClarkKELLY CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis GancarzDENNIS GANCARZ
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
August GenovesiAUGUST GENOVESI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan KieresDAN KIERES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lewis LuburichLEWIS LUBURICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George McCarthyGEORGE MCCARTHY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Katie McFaddenKATIE MCFADDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony MullarkeyANTHONY MULLARKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ashley NeriASHLEY NERI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kristi RoqueKRISTI ROQUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie SuckowJAMIE SUCKOW
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
- 2022
- Filed
- 29 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321809349301752
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