CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION (EIN 36-3998240)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-30
IRS object ID
202441519349301034
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-30T13:11:50-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362239746PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SASSETTI LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12107 SWIFT DRIVE SUITE 210AddressLine1Txt
CityOAK BROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60523ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363998240EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHICAGOMIDWEST CHAPTER OF THEBusinessNameLine1Txt
Business Name Line2TURNAROUND MANAGEMENT ASSOCIATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCHICBusinessNameControlTxt
Phone8154692935PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120960 S FRANKFORT SQUARE RD BAddressLine1Txt
CityFRANKFORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60423ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSANDY PRABHAKARPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8154692935PhoneNum
Signature2024-05-23SignatureDt
Discuss With Paid Preparer0DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSANDYPersonFirstNm
Person LastPRABHAKARPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMYRNA MEJIAPreparerPersonNm
PTINP00417859PTIN
Phone7083861433PhoneNum
Preparation2024-05-23PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSANDY PRABHAKARPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line120960 S FRANKFORT SQUARE RD BAddressLine1Txt
CityFRANKFORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60423ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,149,356GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CHICAGO.TURNAROUND.ORGWebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
Formation1992FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionPROFESSIONAL DEVELOPMENT OF MEMBERS, PROMOTION OF HIGH STANDARDS AND EXCHANGE OF INFORMATION.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers60TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$51,440PYContributionsGrantsAmt
CY Contributions Grants$42,260CYContributionsGrantsAmt
PY Program Service Revenue$1,035,346PYProgramServiceRevenueAmt
CY Program Service Revenue$1,089,430CYProgramServiceRevenueAmt
PY Investment Income$13,765PYInvestmentIncomeAmt
CY Investment Income$7,436CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$10,230CYOtherRevenueAmt
PY Total Revenue$1,100,551PYTotalRevenueAmt
CY Total Revenue$1,149,356CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,185,002PYOtherExpensesAmt
CY Other Expenses$1,046,378CYOtherExpensesAmt
PY Total Expenses$1,185,002PYTotalExpensesAmt
CY Total Expenses$1,046,378CYTotalExpensesAmt
PY Revenues Less Expenses-$84,451PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$102,978CYRevenuesLessExpensesAmt
Total Assets BOY$1,100,240TotalAssetsBOYAmt
Total Assets EOY$1,357,175TotalAssetsEOYAmt
Total Liabilities BOY$340,219TotalLiabilitiesBOYAmt
Total Liabilities EOY$490,725TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$760,021NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$866,450NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE ASSOCIATION PROMOTES A PROFESSIONAL COMMUNITY OF TURNAROUND AND CORPORATE RENEWAL PROFESSIONALS WHO SHARE A COMMON INTEREST IN STRENGTHENING THE ECONOMY THROUGH THE RESTORATION OF CORPORATE VALUE AND IS DEDICATED TO THE PROMOTION OF HIGH PRACTICE STANDARDS AND EXCHANGE OF INFORMATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescEVENTS HELD TO PROMOTE THE TURNAROUND MANAGEMENT ASSOCIATION MIDWEST CHAPTER WHICH ALLOWS MEMBERS AND EVENT GUESTS TO NETWORK AND OBTAIN NEW INFORMATION ON THE TURNAROUND INDUSTRY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescMEMBER PROGRAMS, INCLUDING THE CHAPTER BREAKFAST, EVENING AND SENIOR LEADER CONTINUING EDUCATION PROGRAMS. PROGRAMS SERVE CHAPTER MEMBERSHIP AND OTHER PROFESSIONAL AND FINANCIAL ADVISORS IN THE CORPORATE TURNAROUND INDUSTRY.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHRISTINE M GLATZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8154692935PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120960 S FRANKFORT SQUARE RD SUITE BAddressLine1Txt
CityFRANKFORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60423ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KAT PARKER
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
JACK O'CONNOR
PRESIDENT-ELECT3.00Yes (X)Yes (X)$0$0$0
TINA HUGHES CTP
VP COMMUNICATIONS3.00Yes (X)Yes (X)$0$0$0
ALEX BOEREMA
VP EDUCATION3.00Yes (X)Yes (X)$0$0$0
DAVID LEVY
VP PROGRAMS3.00Yes (X)Yes (X)$0$0$0
SANDY PRABHAKAR
TREASURER3.00Yes (X)Yes (X)$0$0$0
MICHAEL BOYER
SECRETARY3.00Yes (X)Yes (X)$0$0$0
MICHAEL BRANDESS
IMMEDIATE PAST PRESIDENT3.00Yes (X)Yes (X)$0$0$0
GAIL HELDKE
DIRECTOR1.00Yes (X)$0$0$0
JEFF HYLAND
DIRECTOR1.00Yes (X)$0$0$0
BRYAN UELK
DIRECTOR1.00Yes (X)$0$0$0
VIRGINIA GEORGE
DIRECTOR1.00Yes (X)$0$0$0
AMY AYRES
DIRECTOR1.00Yes (X)$0$0$0
MARK MELICKIAN
DIRECTOR1.00Yes (X)$0$0$0
NICK MILLER
DIRECTOR1.00Yes (X)$0$0$0
LEAH GISTENSON
DIRECTOR1.00Yes (X)$0$0$0
JASON EDELSON
DIRECTOR1.00Yes (X)$0$0$0
LARRY FOX CTP
DIRECTOR (THRU OCT-2023)1.00Yes (X)$0$0$0
AARON HAMMER
DIRECTOR1.00Yes (X)$0$0$0
JIM TRANKINA
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GLATZ MANAGEMENT SERVICES
20960 S FRANKFORT SQUARE ROAD SUIFRANKFORTIL60423MANAGEMENT SERVICES$191,449
WASHINGTON SPEAKERS BUREAU
PO BOX 25888ALEXANDRIAVA22313EVENT MANAGEMENT$161,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Membership Dues$42,260MembershipDuesAmt
Total Contributions$42,260TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEETING REVENUE611430$666,480$666,480
SPONSORSHIP REVENUE611430$422,950$422,950
FieldValueIRS element (for citing)
Total Program Service Revenue$1,089,430TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,436TotalRevenueColumnAmt
Exclusion$7,436ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$10,230TotalRevenueColumnAmt
Related Or Exempt Func Income$10,230RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$10,230OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,149,356TotalRevenueColumnAmt
Related Or Exempt Func Income$1,099,660RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$7,436ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$179,199TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,609TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$44,355TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,558TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,317TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
FOOD AND BEVERAGE$446,773
SPEAKER FEES AND EXPENS$174,177
AUDIO/VISUAL$94,451
FACILITY RENTAL AND MEE$45,249

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$30,690TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,046,378TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$885,025BOYAmt
EOY$468,669EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$663,985EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$174,724BOYAmt
EOY$190,165EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$40,491BOYAmt
EOY$34,356EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,100,240BOYAmt
EOY$1,357,175EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$44,519BOYAmt
EOY$163,675EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$295,700BOYAmt
EOY$327,050EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$340,219BOYAmt
EOY$490,725EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$760,021BOYAmt
EOY$866,450EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$760,021BOYAmt
EOY$866,450EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,100,240BOYAmt
EOY$1,357,175EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$102,978ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$3,451NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,152,807TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$3,451NetUnrealizedGainsInvstAmt
Revenue Not Reported$3,451RevenueNotReportedAmt
Revenue Subtotal$1,149,356RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,149,356TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,046,378TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,046,378ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,046,378TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(6). HOWEVER, ORGANIZATIONS WHICH ARE EXEMPT MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAXES WHEN AN ORGANIZATION GENERATES REVENUES FROM ACTIVITIES WHICH ARE UNRELATED TO THE EXEMPT PURPOSE OF THE ORGANIZATION. MANAGEMENT DOES NOT BELIEVE IT HAS ENGAGED IN ANY UNRELATED BUSINESS ACTIVITIES, THUS NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED FOR IN THE FINANCIAL STATEMENTS. THE ASSOCIATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION HAS HIRED AN INDEPENDENT MANAGEMENT COMPANY TO HANDLE THE DAY-TO-DAY FINANCIAL RESPONSIBILITIES OF THE ORGANIZATION, INCLUDING DEVELOPING THE BUDGET. ALL FINANCIAL INFORMATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS MEMBERS THAT PAY ANNUAL DUES TO THE NATIONAL OFFICE. THE ORGANIZATION HAS AN ANNUAL MEETING FOR MEMBERS TO VOTE FOR THE BOARD OF DIRECTORS. THE MEMBERS DO NOT VOTE ON ANY OTHER ISSUES.
FORM 990, PART VI, SECTION A, LINE 7ATHE ORGANIZATION HAS MEMBERS THAT PAY ANNUAL DUES TO THE ORGANIZATION. THE ORGANIZATION HAS AN ANNUAL MEETING FOR MEMBERS TO VOTE FOR THE BOARD OF DIRECTORS. THE MEMBERS DO NOT VOTE ON ANY OTHER ISSUES.
FORM 990, PART VI, SECTION A, LINE 7BTHE ORGANIZATION HAS MEMBERS THAT PAY ANNUAL DUES TO THE NATIONAL OFFICE. THE ORGANIZATION HAS AN ANNUAL MEETING FOR MEMBERS TO VOTE FOR THE BOARD OF DIRECTORS. THE MEMBERS DO NOT VOTE ON ANY OTHER ISSUES.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CNEW BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY THAT IS MAINTAINED IN A FILE BY THE ORGANIZATION. BOARD MEMBERS ARE EXPECTED TO REPORT ANY POSSIBLE CONFLICTS OF INTEREST AS THEY ARISE. NEW ACTIVITIES OR TRANSACTIONS OF THE ORGANIZATION ARE SCRUTINIZED TO ENSURE THERE ARE NO CONFLICTS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE 990 CAN BE ACCESSED AT A THIRD PARTY WEBSITE OR UPON REQUEST.
FORM 990, PART XII, LINE 2CTHERE WERE NO CHANGES TO THE AUDIT SELECTION PROCESS FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1TMA CHICAGO MIDWEST MEMORIAL SCHOLARSHIP FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line120960 S FRANKFORT SQUARE ROAD SUITEAddressLine1Txt
CityFRANKFORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60423ZIPCd
FieldValueIRS element (for citing)
EIN260152202EIN
Primary ActivitiesSCHOLARSHIP FOUNDATIONPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusPFPublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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