Overview
What is Illinois Retail Merchants Association?
The Illinois Retail Merchants Association, headquartered in Chicago, Illinois, functions as a commercial, industrial, or trade association to benefit retailers operating within the state. Their primary objective is to facilitate an efficient operating environment for the free market system. This entails supporting public policies and opposing those that may hinder the market's operation. Their activities encompass various areas, such as business liability, consumer fraud, credit and finance, education, environment and utilities, food, liquor, and tobacco, healthcare, loss prevention, personnel, regulations and licensing, taxes, and transportation. With a mission to contribute to retail trade in Illinois, the Association conducts government relations activities to influence state laws and regulations. The organization currently employs a team of eight individuals.
Official website here: www.irma.org
Is Illinois Retail Merchants Association legitimate?
Illinois Retail Merchants Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Retail Merchants Association 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: $520,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $558,824
For more financial information, click here
Official website here: www.irma.org
What is the mission statement of Illinois Retail Merchants Association?
The Illinois Retail Merchants Association serves as a commercial, industrial, or trade association, primarily benefiting individuals engaged in retail trade within the state. Its mission is to support the operation of an efficient free market system by engaging in various government relations activities. This includes advocating for public policies that enable the free market to thrive and opposing those that may hinder it. The association focuses on state laws and regulations affecting various sectors such as business liability, consumer fraud, credit and finance, education, environment and utilities, food, liquor, and tobacco, healthcare, loss prevention, personnel, regulations and licensing, taxes, and transportation.
Official website here: www.irma.org
Who is the CEO of Illinois Retail Merchants Association?
Rob Karr is the Chairman of Illinois Retail Merchants Association. The CEO's salary of Illinois Retail Merchants Association is $359,706 and their total compensation is $398,987.
Official website here: www.irma.org
What is the revenue of Illinois Retail Merchants Association?
Illinois Retail Merchants Association's revenue in 2022 was $2,155,018.
Official website here: www.irma.org
Who are the executives of Illinois Retail Merchants Association and what are their salaries?
The average compensation at Illinois Retail Merchants Association during 2022 was $134,858. There are 8 employees at Illinois Retail Merchants Association.
Here are 32 key members and their salaries (Illinois Retail Merchants Association's CEO's salary is $359,706 and their total compensation is $398,987):
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- Compensation: $118,453
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Official website here: www.irma.org
Where can I find the form 990 for Illinois Retail Merchants Association?
Illinois Retail Merchants Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.irma.org
Learn more at the official website: www.irma.org
Mission Statement of Illinois Retail Merchants Association
The Illinois Retail Merchants Association, a commercial, industrial, or trade association, is dedicated to supporting individuals engaged in retail trade within the state of Illinois. Its primary mission is to advocate for policies that enable the free market system to operate efficiently. The association engages in various government relations activities, working to uphold public policies that benefit retailers while opposing those that hinder their operations.
In specific areas such as business liability, consumer fraud, credit and finance, education, environment and utilities, food liquor & tobacco, healthcare, loss prevention, personnel, regulations and licensing, taxes, and transportation, the Illinois Retail Merchants Association plays a crucial role. It advocates for laws and regulations that foster a conducive business environment, while also opposing those that may pose challenges or impediments to retailers. By engaging in these activities, the association aims to ensure that retailers in Illinois can operate effectively and sustainably.
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Impact
October, 2024
The Illinois Retail Merchants Association (IRMA) plays a significant role in supporting and advocating for the retail industry in Illinois. Through proactive government relations activities, it champions public policies that promote a free market system, striving to create an environment conducive to business growth and efficiency.
IRMA focuses on various critical areas, including state laws and regulations that impact business operations, such as business liability, consumer fraud, taxation, and regulations in fields like healthcare and utilities. By addressing these vital issues, the association ensures that the voices of retailers are heard in governmental discussions, helping to shape legislation that directly affects their businesses.
Moreover, IRMA's advocacy extends to loss prevention strategies, personnel regulations, and compliance issues, making it an essential resource for retailers navigating complex legal frameworks. By working collaboratively, IRMA not only aims to protect the interests of its members but also contributes to the overall improvement of the community by fostering a robust retail environment that benefits consumers and businesses alike in Illinois.
This information is meant to be a general summary of Illinois Retail 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $101,242
- Program Service Revenue: $1,665,672
- Gross Receipts: $3,527,199
Assets and Liabilities:
- Total Assets: $4,427,260
- Total Liabilities: $0
- Net Assets: $4,427,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,290,536
PROGRAM SERVICES
Revenue
$147,977
MEETING REVENUES
Revenue
$110,721
SERVICE FEES
Revenue
$103,940
MANAGEMENT FEES
Revenue
$12,498
Organization Details
Founding Year
1957
Phone
(312) 726-4600Principal Officer
Rob Karr
Main Address
53 W JACKSON BLVD 518, CHICAGO, IL, 60606
Website
www.irma.orgNTEE Category
Code: S41 - Community improvement
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