Chatham Area Chamber Of Commerce Inc

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

EIN: 371307691 ✦ Chatham, IL ✦ Designated as a 501(c)(6)

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Overview

What is Chatham Area Chamber Of Commerce Inc?

Chatham Area Chamber of Commerce Inc is a thriving nonprofit organization situated in the heart of Chatham, Illinois. With a modest team of three individuals, they are dedicated to enhancing the local business environment. The chamber has shown significant growth in this sphere, and in addition, it extends its support to charitable organizations within the community. A notable achievement of theirs is the annual granting of college scholarships to aspiring business students. Their mission encompasses both fostering a conducive business environment in Chatham and contributing to the betterment of the community through charitable endeavors.


Official website here: www.chatham-il-chamber.com

Is Chatham Area Chamber Of Commerce Inc legitimate?

Chatham Area Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Chatham Area Chamber Of Commerce Inc 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: $38,242

For more financial information, click here


Official website here: www.chatham-il-chamber.com

What is the mission statement of Chatham Area Chamber Of Commerce Inc?

The Chatham Area Chamber of Commerce Inc is committed to fostering a conducive business environment and contributing to the community by supporting charitable organizations. Their mission involves undertaking and endorsing activities that serve this purpose. As part of their efforts, they have awarded scholarships to local students pursuing business-related studies and have witnessed growth in the community's business network.


Official website here: www.chatham-il-chamber.com

Who is the CEO of Chatham Area Chamber Of Commerce Inc?

Tracy Formea is the President of Chatham Area Chamber Of Commerce Inc.


Official website here: www.chatham-il-chamber.com

What is the revenue of Chatham Area Chamber Of Commerce Inc?

Chatham Area Chamber Of Commerce Inc's revenue in 2023 was $77,381.


Official website here: www.chatham-il-chamber.com

Who are the executives of Chatham Area Chamber Of Commerce Inc and what are their salaries?

The average compensation at Chatham Area Chamber Of Commerce Inc during 2023 was $12,747. There are 3 employees and 5 volunteers at Chatham Area Chamber Of Commerce Inc.


Here are 11 key members and their salaries:


Tracy Formea (President)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Zach Thornton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Dillman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Hay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Mcdannald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonell Hembrough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcie Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Sturgeon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Becca Lamon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Rogers (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Murphy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.chatham-il-chamber.com

Where can I find the form 990 for Chatham Area Chamber Of Commerce Inc?

Chatham Area Chamber Of Commerce Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.chatham-il-chamber.com

Learn more at the official website: www.chatham-il-chamber.com

Mission Statement of Chatham Area Chamber Of Commerce Inc

Chatham Area Chamber Of Commerce Inc is an organization committed to fostering a conducive business environment in its community and supporting local charitable organizations. Its mission, in essence, revolves around promoting business growth and contributing to the well-being of the community at large. By undertaking and supporting various initiatives, this nonprofit aims to enhance the overall business climate, thereby fostering a thriving community. Additionally, Chatham Area Chamber Of Commerce Inc extends its support to charitable organizations within the community, thereby playing a crucial role in uplifting the less fortunate and contributing to the social fabric of the area.

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Impact




October, 2024

Chatham Area Chamber of Commerce Inc plays a pivotal role in enhancing the business landscape of Chatham, IL. By promoting activities that nurture the local economy, the Chamber helps create a supportive environment for businesses to thrive. Their initiatives not only focus on fostering a robust network among entrepreneurs but also extend to community support, exemplified by their awarding of three college scholarships to local students pursuing business programs. This commitment to education and professional development underscores the Chamber's dedication to the future of the community’s workforce. Through continuous efforts to strengthen connections and opportunities for local businesses, the Chatham Area Chamber of Commerce Inc significantly contributes to the overall vitality and growth of the Chatham community.




This information is meant to be a general summary of Chatham Area Chamber Of Commerce Inc. 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
$77,381 (2023)
Expenses
$86,662 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $819
  • Gross Receipts: $100,275

Assets and Liabilities:

  • Total Assets: $95,370
  • Total Liabilities: $5,098
  • Net Assets: $90,272

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Organization Details

Principal Officer

Tracy Formea

Main Address

106 E Mulberry St, Chatham, IL, 62629

NTEE Category

Code: Z99 - Unknown

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