Chicagoland Chamber Of Commerce Foundation

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

EIN: 237334589 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Chicagoland Chamber Of Commerce Foundation?

The Chicagoland Chamber of Commerce Foundation is a nonprofit organization situated in Chicago, Illinois. Its primary focus lies in supporting small businesses, providing grants to aid in their establishment, growth, or expansion. To accomplish this mission, the foundation coordinates various educational resources, programs, and research. By doing so, it advances the activities of the Chamber, thereby influencing business, government, and civic leaders' collective thinking. The foundation's approach to affecting change involves researching key issues, formulating arguments and initiatives, developing options, and informing decision-making processes.


Official website here: www.chicagolandchamber.org

Is Chicagoland Chamber Of Commerce Foundation legitimate?

Chicagoland Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicagoland Chamber Of Commerce Foundation submitted a form 990, 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: $103,282

For more financial information, click here


Official website here: www.chicagolandchamber.org

What is the mission statement of Chicagoland Chamber Of Commerce Foundation?

The Chicagoland Chamber of Commerce Foundation plays a pivotal role in coordinating educational resources, programs, and research to support the activities of the larger chamber. Its mission is geared towards influencing change by investigating critical issues, formulating arguments and initiatives, devising solutions, and shaping the collective thinking of business leaders, government officials, and civic authorities. One of their significant initiatives includes providing a grant to aid small businesses in their startup, growth, or expansion phases through the Small Business Development Center.


Official website here: www.chicagolandchamber.org

Who is the CEO of Chicagoland Chamber Of Commerce Foundation?

John Lavin is the President & Ceo of Chicagoland Chamber Of Commerce Foundation. The CEO's salary of Chicagoland Chamber Of Commerce Foundation is $0 and their total compensation is $499,570.


Official website here: www.chicagolandchamber.org

What is the revenue of Chicagoland Chamber Of Commerce Foundation?

Chicagoland Chamber Of Commerce Foundation's revenue in 2022 was $336,733.


Official website here: www.chicagolandchamber.org

Who are the executives of Chicagoland Chamber Of Commerce Foundation and what are their salaries?

There 3 volunteers at Chicagoland Chamber Of Commerce Foundation.


Here are 4 key members and their salaries (Chicagoland Chamber Of Commerce Foundation's CEO's salary is $0 and their total compensation is $499,570):


Jack Lavin (President & Ceo)
  • Compensation: $0
  • Related: $484,250
  • Other: $15,320
Matthew Summy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Gamble (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Smith (Senior Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.chicagolandchamber.org

Where can I find the form 990 for Chicagoland Chamber Of Commerce Foundation?

Chicagoland Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.chicagolandchamber.org

Learn more at the official website: www.chicagolandchamber.org

Mission Statement of Chicagoland Chamber Of Commerce Foundation

The Chicagoland Chamber of Commerce Foundation plays a vital role in driving change by conducting research on critical issues, developing arguments and initiatives, and formulating options. This nonprofit organization serves as a catalyst for collective thinking among business leaders, government officials, and civic authorities. By leveraging educational resources, programs, and research, the Foundation supports the activities of the Chamber, aiming to foster growth and development within the business community.

One of the key programs under the Foundation's umbrella is the Small Business Development Center. This initiative provides financial assistance to help budding entrepreneurs launch, expand, or strengthen their businesses. By offering grants and resources, the Small Business Development Center plays a significant role in nurturing the entrepreneurial spirit and promoting economic growth. This commitment to small businesses reflects the Foundation's broader mission to contribute to the overall well-being and prosperity of the business community.

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Impact




October, 2024

The Chicagoland Chamber of Commerce Foundation drives significant impact by coordinating educational resources, programs, and research that support the growth and development of businesses. Through initiatives like the Small Business Development Center, it provides vital grants that enable small businesses to start, grow, or expand their operations.

By researching key issues and formulating informed arguments and initiatives, the Foundation enhances the collective understanding of business, government, and civic leaders. This collaborative approach fosters a more robust business environment in Chicago, promoting economic growth and community development.




This information is meant to be a general summary of Chicagoland Chamber Of Commerce 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
$336,733 (2022)
Expenses
$339,863 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4
  • Gross Receipts: $494,094

Assets and Liabilities:

  • Total Assets: $121,967
  • Total Liabilities: $45,149
  • Net Assets: $76,818

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Organization Details

Founding Year

1972

Principal Officer

John Lavin

Main Address

410 N MICHIGAN AVENUE Suite 900, CHICAGO, IL, 60611

NTEE Category

Code: T30 - Philanthropy

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