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Mount Prospect Downtown Merchants Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202567700 ✦ Mount prospect, IL ✦ Designated as a 501(c)(6)

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Overview

What is Mount Prospect Downtown Merchants Association?

The Mount Prospect Downtown Merchants Association is a nonprofit organization devoted to promoting downtown Mount Prospect. Their primary objective is to attract visitors to the area by engaging in community and neighborhood development and enhancement projects. By doing so, they contribute to the overall improvement and vitality of the downtown district.

Is Mount Prospect Downtown Merchants Association legitimate?

Mount Prospect Downtown Merchants Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mount Prospect Downtown Merchants Association submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Mount Prospect Downtown Merchants Association?

The Mount Prospect Downtown Merchants Association's mission is centered around attracting visitors to the downtown area. They accomplish this goal through initiatives focused on community and neighborhood development and improvement. By implementing such efforts, they aim to enhance the appeal of the downtown area, ultimately encouraging more foot traffic and engagement. This association's actions contribute to fostering a vibrant and inviting atmosphere in the downtown district.

Who is the CEO of Mount Prospect Downtown Merchants Association?

Thomas Zander is the President of Mount Prospect Downtown Merchants Association.

What is the revenue of Mount Prospect Downtown Merchants Association?

Mount Prospect Downtown Merchants Association's revenue in 2022 was $92,233.

Who are the executives of Mount Prospect Downtown Merchants Association and what are their salaries?


Here are 3 key members and their salaries:


William Barnes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Zander (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trisha Chokski (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Mount Prospect Downtown Merchants Association?

Mount Prospect Downtown Merchants Association's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Mount Prospect Downtown Merchants Association

The Mount Prospect Downtown Merchants Association, in its mission, is committed to attracting visitors to the downtown area of Mount Prospect. This nonprofit organization achieves this goal through initiatives focused on community and neighborhood development and improvement. By investing in these efforts, the Mount Prospect Downtown Merchants Association aims to create an appealing and inviting atmosphere for visitors, ultimately boosting the local economy and fostering a sense of community within the downtown area.

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Impact




October, 2024

The Mount Prospect Downtown Merchants Association plays a significant role in fostering local economic vitality and enhancing the community's appeal. By focusing on attracting visitors to downtown Mount Prospect, the association actively engages in community and neighborhood development initiatives. This not only boosts foot traffic for local businesses but also enhances the overall aesthetic and accessibility of the area, creating a vibrant environment for residents and visitors alike. Their efforts contribute to a strong sense of community, making downtown Mount Prospect a desirable destination for shopping, dining, and various recreational activities. Ultimately, the association’s initiatives support local entrepreneurs while reinforcing the town's identity and cohesiveness.




This information is meant to be a general summary of Mount Prospect Downtown Merchants Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$92,233 (2022)
Expenses
$58,400 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $81,978
  • Gross Receipts: $92,233

Assets and Liabilities:

  • Total Assets: $73,443
  • Total Liabilities: $15
  • Net Assets: $73,428

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Organization Details

Principal Officer

Thomas Zander

Main Address

PO BOX 632, MOUNT PROSPECT, IL, 60056

NTEE Category

Code: S41 - Community improvement

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