The Illinois Chamber Foundation

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

EIN: 237166733 ✦ Springfield, IL ✦ Designated as a 501(c)(3)

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Overview

What is The Illinois Chamber Foundation?

The Illinois Chamber Foundation is a nonprofit organization with a primary objective of financing and sponsoring research on matters significant to businesses. They raise and allocate funds to publish, promote, and distribute insightful analyses on these business-related issues. The organization's work is instrumental in providing valuable information and perspectives, contributing to informed decision-making within the business community. Although their main focus is on business-related matters, their research may also touch upon other issues of importance.

Is The Illinois Chamber Foundation legitimate?

The Illinois Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Illinois Chamber Foundation 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Illinois Chamber Foundation?

The Illinois Chamber Foundation's primary objective is to collect and utilize funds for financing and promoting research on matters significant to businesses. They achieve this by publishing, promoting, and distributing such research and analyses. The foundation's activities are geared towards providing insights and understanding on issues that affect businesses, thereby contributing to informed decision-making within the business community.

What is the revenue of The Illinois Chamber Foundation?

The Illinois Chamber Foundation's revenue in 2023 was $52,385.

Who are the executives of The Illinois Chamber Foundation and what are their salaries?

Here are 6 key members and their salaries:


Dr James Weyhenmeyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Newfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Helmetag (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Drake (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Dively (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Moses (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for The Illinois Chamber Foundation?

The Illinois Chamber Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of The Illinois Chamber Foundation

The Illinois Chamber Foundation, a nonprofit organization, is dedicated to raising and utilizing funds for various purposes. Its primary objective is to finance and sponsor research on matters significant to businesses, as well as to publish, promote, and distribute analyses related to these issues. The foundation plays a crucial role in shedding light on these topics, thereby contributing to informed discussions and decisions within the business community.

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Impact




October, 2024

The Illinois Chamber Foundation plays a crucial role in supporting businesses through comprehensive research and analysis of key issues affecting the economic landscape. By raising and allocating funds, the Foundation finances, sponsors, and disseminates valuable research that enhances understanding and informs decision-making for business leaders. Their initiatives are aimed at promoting community improvement, ensuring that businesses have access to critical information that can drive growth and innovative solutions. Through their efforts, the Foundation fosters a stronger business environment in Illinois, ultimately contributing to the overall economic prosperity of the region.




This information is meant to be a general summary of The Illinois Chamber Foundation. 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
$52,385 (2023)
Expenses
$99,905 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $52,360
  • Gross Receipts: $52,385

Assets and Liabilities:

  • Total Assets: $21,304
  • Total Liabilities: $28,314
  • Net Assets: -$7,010

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Organization Details

Principal Officer

Joe Dively

NTEE Category

Code: S00 - Community improvement

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