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Schaumburg Business Association

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

EIN: 364445515 ✦ Schaumburg, IL ✦ Designated as a 501(c)(6)

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Overview

What is Schaumburg Business Association?

The Schaumburg Business Association is a nonprofit organization situated in Schaumburg, Illinois. Their primary mission is to foster the growth and prosperity of the local business and economic landscape within the village. They accomplish this through a range of initiatives, such as networking events like coffee and contacts and Business after hours, new member orientations, educational sessions like lunch & learn, and community-building programs like cabang and signature-challenge. Additionally, they organize a notable wine tasting event as part of their offerings. The Schaumburg Business Association's goal is to create a conducive environment for businesses to thrive and connect within the community.


Official website here: www.schaumburgbusiness.com

Is Schaumburg Business Association legitimate?

Schaumburg Business Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Schaumburg Business 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $307,053

For more financial information, click here


Official website here: www.schaumburgbusiness.com

What is the mission statement of Schaumburg Business Association?

The Schaumburg Business Association's mission is centered around fostering the growth of the economic and business landscape. By implementing various programs such as coffee and contacts, Business after hours, new member orientation, lunch & learn, cabang, signature-challenge, and pinewood derby, they aim to contribute positively to this development. Furthermore, they host a signature wine tasting event as part of their initiatives. In essence, the organization's purpose is to support and enhance the business environment in its capacity.


Official website here: www.schaumburgbusiness.com

Who is the CEO of Schaumburg Business Association?

Lisa Goranson Gilbert is the President of Schaumburg Business Association.


Official website here: www.schaumburgbusiness.com

What is the revenue of Schaumburg Business Association?

Schaumburg Business Association's revenue in 2022 was $776,316.


Official website here: www.schaumburgbusiness.com

Who are the executives of Schaumburg Business Association and what are their salaries?

The average compensation at Schaumburg Business Association during 2022 was $43,865. There are 7 employees at Schaumburg Business Association.


Here are 28 key members and their salaries:


Lisa Goranson Gilbert (President)
  • Compensation: $103,796
  • Related: $0
  • Other: $0
Scott Felgenhauer (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Frank (Vice Chair P)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Gallardo (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Hancock (Vice Chair P)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Koelzer (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Kolar (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Lafrenere (Vice Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Larson (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Larson (Board Of Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Lloyd (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore Mcginn (Chair Person)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adolf Mondaca (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Nyquist (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Panayotov (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Roberti (Board Of Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Roberti (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kari-Ann B Ryan (Immed Past C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Schiel (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Schmidt (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Smith (Board Of Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Sutton (Board Of Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Sutton (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kashyap V Trivedi (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pratik Trivedi (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Urbaniec (Vice Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Vondrasek (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Yu (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.schaumburgbusiness.com

Where can I find the form 990 for Schaumburg Business Association?

Schaumburg Business Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.schaumburgbusiness.com

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

Mission Statement of Schaumburg Business Association

The Schaumburg Business Association, a prominent organization, is committed to fostering the growth of the economic and business environment in its realm. Its mission is centered around promoting the development of businesses within the community, with a specific focus on the Village of Schaumburg, Illinois. The association achieves this goal through various initiatives and events, such as coffee and contacts, Business after hours, new member orientation, lunch & learn, cabang, signature-challenge, and pinewood derby. These programs aim to provide networking opportunities and resources for local businesses, thereby contributing to the overall development of the business environment. Furthermore, the Schaumburg Business Association also hosts a signature wine tasting event, offering another platform for networking and engagement within the business community.

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Impact




October, 2024

The Schaumburg Business Association significantly enhances the economic landscape of Schaumburg, Illinois. By fostering collaboration among local businesses, the association promotes initiatives that strengthen the community’s overall business environment.

Programs such as coffee meetings, Business After Hours, and Lunch & Learns create networking opportunities that allow business owners to connect, share ideas, and build partnerships. These interactions are crucial for driving innovation and encouraging growth within the local economy.

Additionally, events like the signature wine tasting and the Pinewood Derby not only engage the community but also raise awareness about local businesses, fostering a sense of community pride and support. Through these efforts, the Schaumburg Business Association plays a pivotal role in cultivating a vibrant economic ecosystem that benefits both local entrepreneurs and residents alike.




This information is meant to be a general summary of Schaumburg Business 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.

Revenue
$776,316 (2022)
Expenses
$711,562 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $182
  • Program Service Revenue: $289,108
  • Gross Receipts: $776,316

Assets and Liabilities:

  • Total Assets: $510,931
  • Total Liabilities: $128,616
  • Net Assets: $382,315

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Programs

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

GOLF OUTING

Revenue

$78,201

TOAST OF SCHAUMBURG

Revenue

$76,965

GOOD MORNING SCHAUMBURG

Revenue

$39,445

WINE TASTING

Revenue

$25,795

WIB FASHION

Revenue

$12,530

Organization Details

Founding Year

2001

Principal Officer

Lisa Goranson Gilbert

Main Address

1501 EAST WOODFIELD ROAD 115N, SCHAUMBURG, IL, 60173

NTEE Category

Code: S41 - Community improvement

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