Overview
What is Illinois Hotel And Lodging Association?
The Illinois Hotel and Lodging Association is a nonprofit organization situated in Chicago, Illinois. Its primary objective is to advocate for and support its member hotels, fostering a collective voice within the industry. They achieve this through various activities such as annual meetings, networking events, seminars, and regional gatherings. These platforms provide opportunities for information exchange and mutual growth. The association also sponsors educational and industry events, aiming to enhance the profitability of its members. Regular newsletters and updates keep members informed on industry developments. With a dedicated workforce of eight individuals, the association plays a significant role in promoting and protecting the interests of its members.
Official website here: www.illinoishotels.org
Is Illinois Hotel And Lodging Association legitimate?
Illinois Hotel And Lodging Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Hotel And Lodging 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: $327,516
Professional Fundraising Fees: $0
Other Salaries and Wages: $698,004
For more financial information, click here
Official website here: www.illinoishotels.org
What is the mission statement of Illinois Hotel And Lodging Association?
The Illinois Hotel and Lodging Association's mission is to serve its member hotels by acting as a powerful advocate, promoting their business, and assisting them in enhancing their profitability. It achieves this goal by providing a platform for the exchange of ideas and information among its members. The association fulfills its mission through various activities, including conducting annual meetings, organizing networking events, awarding recognitions, and distributing monthly newsletters and information updates. Additionally, seminars and regional meetings are held to provide further education and opportunities for interaction.
Official website here: www.illinoishotels.org
Who is the CEO of Illinois Hotel And Lodging Association?
Michael Jacobson is the CEO of Illinois Hotel And Lodging Association The CEO's salary of Illinois Hotel And Lodging Association is $347,433 and their total compensation is $347,433.
Official website here: www.illinoishotels.org
What is the revenue of Illinois Hotel And Lodging Association?
Illinois Hotel And Lodging Association's revenue in 2023 was $2,413,056.
Official website here: www.illinoishotels.org
Who are the executives of Illinois Hotel And Lodging Association and what are their salaries?
The average compensation at Illinois Hotel And Lodging Association during 2023 was $146,503. There are 7 employees and 55 volunteers at Illinois Hotel And Lodging Association.
Here are 56 key members and their salaries (Illinois Hotel And Lodging Association's CEO's salary is $347,433 and their total compensation is $347,433):
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Official website here: www.illinoishotels.org
Where can I find the form 990 for Illinois Hotel And Lodging Association?
Illinois Hotel And Lodging Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.illinoishotels.org
Learn more at the official website: www.illinoishotels.org
Mission Statement of Illinois Hotel And Lodging Association
The Illinois Hotel and Lodging Association, in its mission, aims to advocate for and safeguard the collective interests of its member hotels. This nonprofit organization serves as a platform for fostering collaboration and knowledge exchange among its members, promoting the exchange of ideas and information that are beneficial to the industry. By conducting annual meetings, networking events, awards ceremonies, and recognition functions, the Illinois Hotel and Lodging Association fosters a sense of community among its members, encouraging the sharing of best practices and strategies for improving profitability.
In addition to its promotional activities, the Illinois Hotel and Lodging Association also distributes regular newsletters and provides timely information updates to keep its members informed about industry trends and developments. Furthermore, the association organizes seminars and regional meetings, offering opportunities for members to engage in professional development and enhance their skills in areas such as marketing, finance, and operations. By actively promoting and protecting the mutual interests of its members, the Illinois Hotel and Lodging Association plays a crucial role in supporting the growth and success of the hospitality industry in Illinois.
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Impact
October, 2024
The Illinois Hotel and Lodging Association plays a crucial role in enhancing the hospitality industry in the state. By providing a strong voice for member hotels, it effectively advocates for their interests, ensuring that their needs are represented at various levels. The association's efforts in promoting member hotels contribute significantly to the overall visibility and competitiveness of the hospitality sector in Illinois.
Additionally, the organization is dedicated to helping its members improve profitability. Through educational opportunities such as seminars and industry events, members gain valuable insights and skills that enhance their business operations. Networking and recognition events foster connections among industry professionals, encouraging collaboration and the exchange of innovative ideas.
Regular newsletters and information updates keep members informed about industry trends, regulatory changes, and best practices. These resources empower hotel operators to adapt to the evolving market landscape, ultimately supporting their success. By focusing on the mutual interests and well-being of its members, the Illinois Hotel and Lodging Association plays a vital role in community improvement and the growth of the hospitality industry in the region.
This information is meant to be a general summary of Illinois Hotel And Lodging 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 2023.
- Investment Income: $82,959
- Program Service Revenue: $1,795,250
- Gross Receipts: $2,557,010
Assets and Liabilities:
- Total Assets: $2,833,429
- Total Liabilities: $568,144
- Net Assets: $2,265,285
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,245,736
STRATEGIC PARTNERS REV
Revenue
$295,834
ANNUAL MEETINGS
Revenue
$229,450
OTHER EVENTS
Revenue
$24,230
Organization Details
Founding Year
1916
Phone
(312) 346-3135Principal Officer
Darin Dame
Main Address
17 E MONROE ST STE 325, CHICAGO, IL, 60603
Website
www.illinoishotels.orgNTEE Category
Code: S41 - Community improvement
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