Overview
What is Franchise Owners Association Of Chicagoland?
Franchise Owners Association of Chicagoland is a nonprofit organization primarily catering to 7 Eleven franchisees in the Chicago area. Their primary objective is to support these businesses, addressing their specific needs. They accomplish this through various means, such as distributing a bi-monthly magazine at no cost, which focuses on issues relevant to the franchisees. The magazine also serves as a source of income through advertisements from vendors. Furthermore, the association offers sanitation classes to franchisees and their staff, educating them on the sanitation standards required by various state and local government agencies.
Is Franchise Owners Association Of Chicagoland legitimate?
Franchise Owners Association Of Chicagoland is a legitimate nonprofit organization registered as a 501(c)(6) entity. Franchise Owners Association Of Chicagoland 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: $56,639
For more financial information, click here
What is the mission statement of Franchise Owners Association Of Chicagoland?
The Franchise Owners Association of Chicagoland's mission is dedicated to assisting 7 Eleven franchisees in the Chicago area. They achieve this by distributing a bimonthly magazine, free of charge, that focuses on issues relevant to the franchisees. This publication generates revenue through advertising from vendors. Furthermore, the association offers sanitation classes to franchisees and their staff, teaching them how to meet the sanitation requirements set by various state and local government agencies.
Who is the CEO of Franchise Owners Association Of Chicagoland?
Rahul Patel is the Treasurer of Franchise Owners Association Of Chicagoland.
What is the revenue of Franchise Owners Association Of Chicagoland?
Franchise Owners Association Of Chicagoland's revenue in 2022 was $499,397.
Who are the executives of Franchise Owners Association Of Chicagoland and what are their salaries?
The average compensation at Franchise Owners Association Of Chicagoland during 2022 was $56,639. There is 1 employee at Franchise Owners Association Of Chicagoland.
Here are 14 key members and their salaries:
- Compensation: $38,000
- Related: $0
- Other: $0
- Compensation: $34,100
- Related: $0
- Other: $0
- Compensation: $27,920
- Related: $0
- Other: $0
- Compensation: $26,480
- Related: $0
- Other: $0
- Compensation: $23,855
- Related: $0
- Other: $0
- Compensation: $17,730
- Related: $0
- Other: $0
- Compensation: $17,105
- Related: $0
- Other: $0
- Compensation: $14,050
- Related: $0
- Other: $0
- Compensation: $6,945
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Franchise Owners Association Of Chicagoland?
Franchise Owners Association Of Chicagoland's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franchise Owners Association Of Chicagoland
The Franchise Owners Association of Chicagoland is committed to supporting Chicago-based 7 Eleven franchisees. With a mission specifically tailored to their requirements, this organization seeks to aid these franchisees in various aspects of their business. One of their key initiatives is the publication of a bi-monthly magazine, which serves as a platform for discussing issues relevant to the franchisees. This magazine generates revenue through advertising from vendors, thereby providing a mutually beneficial arrangement.
In addition to the magazine, the Franchise Owners Association of Chicagoland offers sanitation classes for both franchisees and their staff. These classes are essential in helping them understand and comply with the sanitation requirements set by various state and local government agencies. This proactive approach to education and compliance is a testament to the organization's dedication to the success and well-being of its members.
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Impact
October, 2024
The Franchise Owners Association of Chicagoland significantly impacts the local community by supporting the needs of 7-Eleven franchisees in the area. By distributing a bi-monthly magazine at no cost, the association addresses key issues relevant to franchisees, thereby fostering better business practices and enhancing communication within the franchise network.
Moreover, the association offers sanitation classes designed to ensure that franchisees and their staff meet the sanitation requirements established by state and local government agencies. This not only helps maintain public health standards but also empowers franchise owners to operate their businesses more effectively and responsibly.
Through these initiatives, the Franchise Owners Association of Chicagoland plays a crucial role in elevating the franchisee experience, promoting compliance, and ultimately contributing to the overall improvement of the community.
This information is meant to be a general summary of Franchise Owners Association Of Chicagoland. 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: $133
- Program Service Revenue: $347,426
- Gross Receipts: $1,007,189
Assets and Liabilities:
- Total Assets: $800,430
- Total Liabilities: $127,616
- Net Assets: $672,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Board meeting
Revenue
$144,000
Consulting
Revenue
$120,125
Sponsorships
Revenue
$35,301
General meeting
Revenue
$48,000
Organization Details
Founding Year
2000
Phone
(847) 975-4578Principal Officer
Rahul Patel
Main Address
953 N Plum Grove Rd, Schaumburg, IL, 60173
NTEE Category
Code: S41 - Community improvement
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