Overview
What is Icbg Inc?
Icbg Inc, formally known as the Illinois Craft Brewers Guild, is a nonprofit organization situated in LaGrange Park, Illinois. With a modest workforce of two individuals, their primary objective is to advocate for and foster the growth of the craft beer industry within the state of Illinois. They accomplish this mission through significant events, such as FOBAB, a competition and festival that showcases the finest barrel-aged beers from breweries across the nation. The Illinois Craft Brewers Guild's activities are geared toward promoting the development and expansion of this industry.
Official website here: www.illinoisbeer.org
Is Icbg Inc legitimate?
Icbg Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Icbg 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: $106,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,182
For more financial information, click here
Official website here: www.illinoisbeer.org
What is the mission statement of Icbg Inc?
Icbg Inc's mission is centered around promoting the growth and expansion of the craft beer industry. This organization actively works towards achieving this goal, employing various strategies. One of their key initiatives is the hosting of the Festival of Barrel-Aged Beers (FOBAB), which serves as a platform to showcase the best barrel-aged beers from breweries across the nation. This event is a competition and festival, designed to highlight the excellence within the craft beer industry. By promoting the craft beer industry, Icbg Inc aims to contribute to its development and expansion.
Official website here: www.illinoisbeer.org
Who is the CEO of Icbg Inc?
Ken Henricks is the Trustee of Icbg Inc.
Official website here: www.illinoisbeer.org
What is the revenue of Icbg Inc?
Icbg Inc's revenue in 2022 was $669,810.
Official website here: www.illinoisbeer.org
Who are the executives of Icbg Inc and what are their salaries?
The average compensation at Icbg Inc during 2022 was $96,737. There are 2 employees and 450 volunteers at Icbg Inc.
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- Compensation: $105,000
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- Other: $1,292
Official website here: www.illinoisbeer.org
Where can I find the form 990 for Icbg Inc?
Icbg Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.illinoisbeer.org
Learn more at the official website: www.illinoisbeer.org
Mission Statement of Icbg Inc
Icbg Inc, short for the Illinois Craft Beer Guild, is an organization committed to fostering the growth and expansion of the craft beer industry within Illinois. Their primary mission is to promote this sector, striving to enhance its overall development. One of their key initiatives to achieve this is through the hosting of FOBAB, their largest event. FOBAB serves as a platform for a competition and festival, showcasing the finest barrel-aged beers produced by breweries nationwide. This event not only highlights the craftsmanship and creativity within the industry but also provides an opportunity for breweries to network and gain recognition. By promoting the craft beer industry in this manner, Icbg Inc contributes to the development of a thriving and diverse local beer scene.
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Impact
October, 2024
Icbg Inc plays a crucial role in fostering the growth of the craft beer industry in Illinois, driving significant economic and social impact within the community. By organizing events like FOBAB, the largest festival dedicated to barrel-aged beers, Icbg Inc highlights the creativity and quality of local breweries while bringing together beer enthusiasts, brewers, and industry professionals.
This festival not only showcases exceptional craft beers from across the country but also boosts tourism and local business by attracting visitors to La Grange Park and surrounding areas. The focus on community improvement through the craft beer sector encourages collaboration among breweries, promotes local talent, and enhances the overall culture of craft brewing in Illinois.
Through its initiatives, Icbg Inc contributes to a vibrant socio-economic environment, strengthening the community and supporting the expansion of a unique and beloved industry.
This information is meant to be a general summary of Icbg 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $650,672
- Gross Receipts: $669,810
Assets and Liabilities:
- Total Assets: $282,080
- Total Liabilities: $3,984
- Net Assets: $278,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOBAB EVENT
Revenue
$323,340
CONFERENCES, TRADESHOW
Revenue
$178,649
MEMBERSHIP DUES
Revenue
$148,683
Organization Details
Founding Year
2014
Phone
(630) 287-0401Principal Officer
Ken Henricks
Main Address
PO BOX 1467, LAGRANGE PARK, IL, 60526
Website
www.illinoisbeer.orgNTEE Category
Code: S41 - Community improvement
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