CHICAGOLAND CHAMBER OF COMMERCE FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGOLAND CHAMBER OF COMMERCE FOUNDATION (EIN 23-7334589)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-10
- IRS object ID
- 201201319349302750
- Schema version
- 2010v3.4
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-10T15:50:04-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLACKMAN KALLICK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 S RIVERSIDE PLAZA 9TH FLOOR | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60606 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237334589 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGOLAND CHAMBER OF COMMERCE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHIC | NameControl |
| Phone | 3124946700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E RANDOLPH ST NO 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606016433 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LANCE PRESSL | Name |
| Title | PRESIDENT | Title |
| Phone | 3124946700 | Phone |
| Date Signed | 2012-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LU ANN TRAPP | Name |
| Phone | 3122071040 | Phone |
| Date Prepared | 2012-05-09 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LANCE PRESSL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E RANDOLPH ST NO 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606016433 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 604490 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CHICAGOLANDCHAMBER.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1972 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | THE CHAMBER FOUNDATION DRIVES POLICY DEBATE ON KEY ISSUES RELATED TO THE REGION'S LONG-TERM ECONOMIC GROWTH AND COMPETITIVENESS, BY RESEARCHING KEY ISSUES, FORMULATING ARGUMENTS, DEVELOPING OPTIONS AND INFORMING THE COLLECTIVE THINKING OF BUSINESS, GOVERNMENT AND CIVIC LEADERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 7 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 743066 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 551433 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 38 | InvestmentIncomePriorYear |
| Investment Income Current Year | 57 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 12321 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 743104 | TotalRevenuePriorYear |
| Total Revenue Current Year | 563811 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 261218 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 158506 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 216698 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 51660 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 33795 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 246300 | OtherExpensePriorYear |
| Other Expenses Current Year | 259643 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 717684 | TotalExpensesPriorYear |
| Total Expenses Current Year | 481341 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 25420 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 82470 | RevenuesLessExpensesCY |
| Total Assets BOY | 280070 | TotalAssetsBOY |
| Total Assets EOY | 255061 | TotalAssetsEOY |
| Total Liabilities BOY | 347933 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 240454 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -67863 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14607 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE CHAMBER FOUNDATION IS A CATALYST FOR CHANGE DRIVING POLICY DEBATE ON KEY ISSUES RELATED TO THE REGION'S LONG-TERM ECONOMIC GROWTH AND COMPETITIVENESS. IT AFFECTS CHANGE BY RESEARCHING KEY ISSUES, FORMULATING ARGUMENTS AND INITIATIVES, DEVELOPING OPTIONS AND INFORMING THE COLLECTIVE THINKING OF BUSINESS, GOVERNMENT AND CIVIC LEADERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 251667 | Expense |
| Description | OECD STUDY - THE PURPOSE OF THIS PROGRAM IS TO CONDUCT THE FIRST STUDY OF ITS KIND IN NORTH AMERICA ON THE ECONOMIC IMPACT OF THE TRI-STATE REGION OF ILLINOIS, WISCONSIN AND INDIANA. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 15000 | Expense |
| Description | HEALTHIER CHICAGO - PROGRAM WHERE VARIOUS FORUMS AND EVENTS WERE HELD IN THE CHICAGO AREA TO HELP PROMOTE A HEALTHIER LIFESTYLE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 13065 | Expense |
| Description | ILLINOIS COLLEGE ACCESS NETWORK - THE PURPOSE OF THE PROGRAM IS TO ASSIST IN IMPROVING POSTSECONDARY ACCESS AND SUCCESS FOR LOW INCOME AND FIRST GENERATION STUDENTS IN ILLINOIS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 19208 | Expense |
| Grants | 5000 | Grants |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 19208 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 5000 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 298940 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JILL SYNOGA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3124946700 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E RANDOLPH ST NO 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606016433 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (8 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| LANCE PRESSL | ||||||
| PRESIDENT | 40.00 | X | X | 0 | 206622 | 5952 |
| SCOTT SWANSON | ||||||
| CHAIRMAN | 0.20 | X | X | 0 | 0 | 0 |
| KAREN LENNON | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| JIM RUDWALL | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| DON PETKUS | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| JOSEPH WILLIAMS | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| GERALD ROPER | ||||||
| DIRECTOR | 0.20 | X | 0 | 382998 | 52979 | |
| JIM FRANCZEK | ||||||
| EMERITUS MEMBER | 0.20 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 589620 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 58931 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 247250 | FundraisingEvents |
| Government Grants | 103471 | GovernmentGrants |
| All Other Contributions | 200712 | AllOtherContributions |
| Total Contributions | 551433 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 57 | TotalRevenueColumn |
| Exclusion | $57 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 53000 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 247250 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 40679 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12321 | TotalRevenueColumn |
| Exclusion | $12,321 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 563811 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $12,378 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5000 | Total |
| Program Services | 5000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 165105 | Total |
| Program Services | 37447 | ProgramServices |
| Management And General | 102126 | ManagementAndGeneral |
| Fundraising | 25532 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35921 | Total |
| Program Services | 7058 | ProgramServices |
| Management And General | 23001 | ManagementAndGeneral |
| Fundraising | 5862 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15672 | Total |
| Program Services | 3425 | ProgramServices |
| Management And General | 9846 | ManagementAndGeneral |
| Fundraising | 2401 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179870 | Total |
| Program Services | 178640 | ProgramServices |
| Management And General | 1230 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9925 | Total |
| Management And General | 9925 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1035 | Total |
| Program Services | 1035 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2977 | Total |
| Program Services | 2977 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1238 | Total |
| Program Services | 960 | ProgramServices |
| Management And General | 278 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8810 | Total |
| Program Services | 8810 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11299 | Total |
| Program Services | 11299 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21543 | Total |
| Program Services | 21056 | ProgramServices |
| Management And General | 487 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 495 | Total |
| Management And General | 495 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1193 | Total |
| Management And General | 1193 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| MISCELLANEOUS | 2542 | 2517 | 25 |
| GIFTS & AWARDS | 1267 | 1267 | |
| DUES | 250 | 250 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17199 | Total |
| Program Services | 17199 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 481341 | Total |
| Program Services | 298940 | ProgramServices |
| Management And General | 148606 | ManagementAndGeneral |
| Fundraising | 33795 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 253769 | BOY |
| EOY | 141852 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25806 | BOY |
| EOY | 112229 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 980 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2677 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2677 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 495 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280070 | BOY |
| EOY | 255061 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140775 | BOY |
| EOY | 39286 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142323 | BOY |
| EOY | 143007 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64835 | BOY |
| EOY | 58161 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 347933 | BOY |
| EOY | 240454 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -160568 | BOY |
| EOY | -157628 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76205 | BOY |
| EOY | 155735 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16500 | BOY |
| EOY | 16500 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -67863 | BOY |
| EOY | 14607 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280070 | BOY |
| EOY | 255061 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 82470 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1493437 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1424731 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1079065 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 743066 | CurrentTaxYearMinus1Year |
| Current Tax Year | 551433 | CurrentTaxYear |
| Total | 5291732 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1493437 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1424731 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1079065 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 743066 | CurrentTaxYearMinus1Year |
| Current Tax Year | 551433 | CurrentTaxYear |
| Total | 5291732 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 108410 | AmountsSubstContributorsTotal |
| Public Support Total170 | 5183322 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 19194 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17140 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1355 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 38 | CurrentTaxYearMinus1Year |
| Current Tax Year | 57 | CurrentTaxYear |
| Total | 37784 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 5329516 | TotalSupport |
| Gross Receipts From Admissions Etc | 419995 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.97260 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.97210 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2677 | OtherCostOrOtherBasis |
| Depreciation | 2677 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO RELATED PARTY | Description |
| Amount | $58,161 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 58161 | TotalOfAmounts |
| Total Revenue | 563811 | TotalRevenue |
| Total Expenses | 481341 | TotalExpenses |
| Excess Or Deficit For Year | 82470 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 82470 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 563811 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 563811 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 563811 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 481341 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 481341 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 481341 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE CHAMBER'S APPLICATION OF GAAPUSA REGARDING UNCERTAIN TAX POSITIONS HAD NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE CHAMBER HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS. THE CHAMBER WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS PART OF THE INCOME TAX PROVISION. THE CHAMBER IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR FEDERAL, STATE OR LOCAL INCOME TAXES FOR PERIODS BEFORE 2008. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BURNHAM DINNER | NameOfEvent1 |
| Gross Receipts Event1 | 300250 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 247250 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 53000 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 40679 | RentFacilityCostsEvent1 |
| Gross Receipts Total | 300250 | GrossReceiptsTotal |
| Charitable Contributions Total | 247250 | CharitableContributionsTotal |
| Gross Revenue Total Events | 53000 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 40679 | RentFacilityCostsTotalEvents |
| Direct Expense Summary Events | 40679 | DirectExpenseSummaryEvents |
| Net Income Summary | 12321 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGOLAND CHAMBER OF COMMERCE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E RANDOLPH SUITE 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 360896000 | EINOfRecipient |
| IRC Section | 501(C)(6) | IRCSection |
| Amount Of Cash Grant | 5000 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Purpose Of Grant | CEC ACTIVITY | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE CHAMBER FOUNDATION LOOKS OVER A REQUEST FROM THE ORGANIZATION AND DETERMINES IF IT FITS WITH THE PROGRAMS THAT THE FOUNDATION PROMOTES AND THEN THEY WILL APPROVE A GRANT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LANCE PRESSL | |||||||||||||
| 0 | 206322 | 0 | 0 | 0 | 300 | 0 | 2937 | 0 | 3015 | 0 | 212574 | 0 | 0 |
| GERALD ROPER | |||||||||||||
| 0 | 322600 | 0 | 0 | 0 | 60398 | 0 | 52841 | 0 | 138 | 0 | 435977 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | HEALTH CLUB BENEFITS WERE TREATED AS TAXABLE COMPENSATION FOR THE CHICAGO CHAMBER OF COMMERCE FOUNDATION PRESIDENT, LANCE PRESSL. |
| PART I, LINE 4B | GERALD ROPER, CHICAGO CHAMBER OF COMMERCE PRESIDENT, RECEIVED $50,000 OF SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN BENEFITS FROM CHICAGOLAND CHAMBER OF COMMERCE, WHICH IS A RELATED ORGANIZATION. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | BEFORE THE 990 IS FILED WITH THE IRS, IT IS REVIEWED FIRST BY THE SENIOR ACCOUNTANT AND CFO. FOLLOWING THEIR REVIEW, IT IS REVIEWED BY A MEMBER OF THE FINANCE AND AUDIT COMMITTEE AND FINALLY BY THE PRESIDENT WHO THEN SIGNS THE DOCUMENT. THE BOARD PASSED A RESOLUTION TO GIVE THE FINANCE COMMITTEE THE RESPONSIBILITY OF APPROVING THE 990. | |
| THE CHAMBER FOUNDATION HAS ITS BOARD CONDUCT ANNUAL REVIEWS AND UPDATES TO THEIR CONFLICT OF INTEREST STATEMENTS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| COMPENSATION FOR THE PRESIDENT IS APPROVED BY THE CHAIRMAN OF THE ORGANIZATION AND CEO OF THE CHAMBER. VARIOUS SURVEYS AND OTHER SOURCES CONTAINING SALARY INFORMATION ARE USED IN DETERMINING COMPENSATION FOR EMPLOYEES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| IIT GRANT EXPENSES $540. INCLUDING GRANTS OF $0. REVENUE $0. GROCER EXPO EXPENSES $4,316. INCLUDING GRANTS OF $0. REVENUE $0. UNITED STUDY EXPENSES $1,313. INCLUDING GRANTS OF $0. REVENUE $0. INNOVATE NOW EXPENSES $1,034. INCLUDING GRANTS OF $0. REVENUE $0. WORKPLACE EXCELLENCE EXPENSES $1,000. INCLUDING GRANTS OF $0. REVENUE $0. CEC PROGRAM EXPENSES $5,000. INCLUDING GRANTS OF $5,000. REVENUE $0. TN 2020 EVENT EXPENSES $6,005. INCLUDING GRANTS OF $0. REVENUE $0 | FORM 990. PART III. LINE 4D. OTHER PROGRAM SERVICES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|---|
| CHICAGOLAND CHAMBER OF COMMERCE | ||||||||||
| 200 E RANDOLPH SUITE 2200 | CHICAGO | IL | 60601 | 360896000 | MEMBERSHIP ORGANIZATION | IL | 501(C)(6) | N/A | 0 | |
| CHICAGOLAND ENTREPRENEURIAL CENTER | ||||||||||
| 200 E RANDOLPH SUITE 2200 | CHICAGO | IL | 60601 | 208411320 | ENTREPRENEURIALISM | IL | 501(C)(3) | N/A | 0 | LINE 7 |
| CHICAGOLAND CHAMBER OF COMMERCE POLITICAL ACTION COMMITTEE | ||||||||||
| 200 E RANDOLPH SUITE 2200 | CHICAGO | IL | 60601 | 912070922 | LOBBYING | IL | 527 | N/A | 0 | |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | METROPOLITAN ADMINISTRATIVE SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E RANDOLPH SUITE 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205658452 | EIN |
| Primary Activity | MANAGEMENT | PrimaryActivity |
| Legal Domicile State | IL | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGOLAND CHAMBER OF COMMERCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| CHICAGOLAND CHAMBER OF COMMERCE | ||
| Q | 212250 | FAIR MARKET VALUE |
| CHICAGOLAND CHAMBER OF COMMERCE | ||
| R | 32100 | FAIR MARKET VALUE |
| CHICAGOLAND CHAMBER OF COMMERCE | ||
| N | 201472 | FAIR MARKET VALUE |
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