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The Chicago Area Gay And Lesbian Chamber Of Commerce

The Lgbt Chamber Of Commerce Of Il

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

EIN: 364062617 ✦ Chicago, IL ✦ Designated as a 501(c)(6)

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Overview

What is The Chicago Area Gay And Lesbian Chamber Of Commerce?

The Chicago Area Gay and Lesbian Chamber of Commerce is a nonprofit organization located at 3179 N Clark Street, Chicago, IL 60657. Their primary mission is to promote economic opportunities for the LGBTQ+ community by serving as an advocate and resource for its member businesses. They accomplish this by hosting B2B networking events, such as breakfast and lunch meetings, that facilitate relationship building, referral sharing, and support for local businesses. These events aim to benefit between 30 to 50 business owners and professionals each time, fostering a collaborative environment within the LGBTQ+ community. The organization's objective is to encourage equality in doing business.


Official website here: www.lgbtcc.com

Is The Chicago Area Gay And Lesbian Chamber Of Commerce legitimate?

The Chicago Area Gay And Lesbian Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Chicago Area Gay And Lesbian Chamber Of Commerce 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: $90,633

For more financial information, click here


Official website here: www.lgbtcc.com

What is the mission statement of The Chicago Area Gay And Lesbian Chamber Of Commerce?

The Chicago Area Gay and Lesbian Chamber of Commerce strives to foster economic opportunities for the LGBTQ+ community by acting as an advocate and resource for its member businesses. It encourages equality within its network and provides a platform for LGBTQ+ business owners, professionals, and allies to connect, share referrals, and support each other's ventures. The chamber organizes B2B networking events, such as breakfast and lunch meetings, to facilitate these connections and promote the growth of up to 30-50 businesses and professionals at each event.


Official website here: www.lgbtcc.com

Who is the CEO of The Chicago Area Gay And Lesbian Chamber Of Commerce?

Colin Gorman is the Treasurer of The Chicago Area Gay And Lesbian Chamber Of Commerce.


Official website here: www.lgbtcc.com

What is the revenue of The Chicago Area Gay And Lesbian Chamber Of Commerce?

The Chicago Area Gay And Lesbian Chamber Of Commerce's revenue in 2020 was $207,420.


Official website here: www.lgbtcc.com

Who are the executives of The Chicago Area Gay And Lesbian Chamber Of Commerce and what are their salaries?


Here are 8 key members and their salaries:


Matt Phillips (Board Chair President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Gorman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olin Eargle (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lashmett (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Latonya Fourte-Lyles (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roxanne Meyer (Vice Chair/Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Nordman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rico Ricketson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lgbtcc.com

Where can I find the form 990 for The Chicago Area Gay And Lesbian Chamber Of Commerce?

The Chicago Area Gay And Lesbian Chamber Of Commerce's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.lgbtcc.com

Learn more at the official website: www.lgbtcc.com

Mission Statement of The Chicago Area Gay And Lesbian Chamber Of Commerce

The Chicago Area Gay and Lesbian Chamber of Commerce, an advocacy and resource organization, is committed to fostering economic opportunities within the LGBTQ+ community. By serving as an advocate and resource for its member businesses, the Chamber encourages equality and supports the growth of LGBTQ+ business owners and professionals. Through regular networking events, such as breakfast and lunch gatherings, the organization brings together individuals from the LGBTQ+ community and their allies, facilitating relationship building, referral sharing, and the promotion of local businesses. These events are instrumental in supporting the development of 30 to 50 business owners and professionals, thereby contributing to the broader LGBTQ+ community.

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Impact




October, 2024

The Chicago Area Gay And Lesbian Chamber Of Commerce plays a vital role in creating economic opportunities for the LGBTQ+ community by serving as a key advocate and resource for its member businesses. Through initiatives designed to encourage equality and support local enterprises, the organization fosters a sense of community among LGBTQ+ business owners and professionals.

One of its significant impacts is through B2B networking events, such as breakfasts and lunches, which actively connect LGBTQ+ entrepreneurs and allies. These gatherings not only help participants build valuable relationships but also facilitate the exchange of referrals and resources, promoting the growth of their businesses. By bringing together 30 to 50 business owners and professionals at each event, the Chamber strengthens the local economic landscape while advocating for inclusivity and equality in the business sphere.

Overall, the Chicago Area Gay And Lesbian Chamber Of Commerce empowers the LGBTQ+ community by enhancing visibility for member businesses, promoting collaboration, and fostering a supportive environment that contributes to the overall economic vitality of Chicago.




This information is meant to be a general summary of The Chicago Area Gay And Lesbian Chamber Of Commerce. 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
$207,420 (2020)
Expenses
$175,232 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Program Service Revenue: $115,710
  • Gross Receipts: $207,420

Assets and Liabilities:

  • Total Assets: $76,938
  • Total Liabilities: $7,657
  • Net Assets: $69,281

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SPONSORSHIP

Revenue

$88,735

SUPPLIER DIVERSITY

Revenue

$18,390

WINTER EVENT

Revenue

$5,180

MIX & MINGLE

Revenue

$3,225

B2B

Revenue

$180

Organization Details

Founding Year

1995

Principal Officer

Colin Gorman

Main Address

3179 N CLARK STREET, CHICAGO, IL, 60657

NTEE Category

Code: T70 - Philanthropy

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