2024-10-30T09:29:57-05:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1707 N RANDALL ROAD STE 200 ELGIN IL 60123 990 2023-01-01 361035380 ELGIN AREA CHAMBER OF COMMERCE ELGI 8477415660 31 S GROVE AVE ELGIN IL 60120 CAROL GIESKE PRESIDENT & CEO 8477415660 2024-10-23 1 1 KEVIN FUQUA CPA CVA P00433011 8478888600 2023 2024-10-15 13:58:12Z CAROL GIESKE 31 S GROVE AVE ELGIN IL 60120 790393 0 X WWW.ELGINCHAMBER.COM X 1908 IL THE ELGIN AREA CHAMBER (EAC) CONNECTS COMMUNITIES THROUGH ENGAGEMENT, ADVOCACY, COLLABORATION, AND LEADERSHIP. 22 21 5 100 11126 8749 244675 330334 346670 426693 2175 10446 72548 22920 666068 790393 0 4000 0 0 502886 569869 0 0 0 114275 151712 617161 725581 48907 64812 786435 851247 0 0 786435 851247 CONNECT COMMUNITIES AND BUSINESS THROUGH ENGAGEMENT, ADVOCACY, COLLABORATION, AND LEADERSHIP. 0 0 371495 2500 325000 ECONOMIC DEVELOPMENT DIVISION: CULTIVATES A HIGHLY SKILLED WORKFORCE THROUGH BUILDING EDUCATION AND TRAINING INITIATIVES, ATTRACTING NEW BUSINESSES WITH A SUPPORTIVE ENVIRONMENT, AND RETAINING EXISTING ONES. EAC IS COMMITTED TO IMPROVING TRANSPORTATION INFRASTRUCTURE. EAC ACTIVELY PROMOTES ELGIN, IL QUALITY OF LIFE TO ATTRACT NOT JUST BUSINESSES, BUT RESIDENTS AND VISITORS ALIKE. THIS COMPREHENSIVE PROGRAM POSITIONS ELGIN FOR LONG-TERM ECONOMIC GROWTH AND A VIBRANT COMMUNITY. 142835 1500 81493 PROGRAM & EVENTS: ESTABLISHED PROGRAM AND EVENTS ARE A TWO-PRONGED APPROACH TO SUPPORTING LOCAL BUSINESSES AND FOSTERING COMMUNITY GROWTH. THE PROGRAMS FOCUS ON INITIATIVES WITH LONG-TERM IMPACT, LIKE DEVELOPING A SKILLED WORKFORCE THROUGH EDUCATION WORKSHOPS OR PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES. MEANWHILE, EVENTS CREATE OPPORTUNITIES FOR IMMEDIATE ENGAGEMENT. WE ORGANIZE NETWORKING EVENTS FOR BUSINESSES TO CONNECT, SHARE IDEAS, AND DISCOVER POTENTIAL PARTNERSHIPS. TOGETHER, THESE INITIATIVES CREATE A SYNERGY THAT STRENGTHENS THE LOCAL BUSINESS ECOSYSTEM AND PROMOTES ECONOMIC PROSPERITY. 26120 20200 ADVANCING PROGRESS: PROGRAM IS A MULTI-FACETED INITIATIVE DESIGNED TO PROPEL THE CHAMBER AND ECONOMIC DEVELOPMENTS PROGRAMS OF WORK. THIS PROGRAM HELPS TO POSTION ELGIN FOR A PROSPEROUS FUTURE WITH A SKILLED WORKFORCE, THRIVING BUSINESSES, AND A HIGH QUALITY OF LIFE FOR ALL. 540450 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 1 1 0 0 0 0 0 0 0 X 22 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X CAROL GIESKE 8477415660 31 S GROVE AVE ELGIN IL 60120 CAROL GIESKE SECRETARY/PRESIDENT & CEO 40.00 X X 162851 0 11776 EVA BALDERRAMA DIRECTOR 1.00 X 0 0 0 LISA BARAN DIRECTOR 1.00 X 0 0 0 NICOLE BUCHANAN DIRECTOR 1.00 X 0 0 0 SHERI DESHAZO DIRECTOR 1.00 X 0 0 0 AMANDA GARCIA DIRECTOR 1.00 X 0 0 0 ROLANDO GUERRERO DIRECTOR 1.00 X 0 0 0 YVONNE IRVING DIRECTOR 1.00 X 0 0 0 SUZANNE JOHNSON DIRECTOR 1.00 X 0 0 0 RIS JONES DIRECTOR 1.00 X 0 0 0 DEKOVIA LIVINGSTON DIRECTOR 1.00 X 0 0 0 REJENA LYON DIRECTOR 1.00 X 0 0 0 MICHAEL MCKAY DIRECTOR 1.00 X 0 0 0 YANETH MEDINA CHAIR 1.00 X X 0 0 0 STEVEN MIGALA DIRECTOR 1.00 X 0 0 0 KEITH RAUSCHENBERGER TREASURER 1.00 X X 0 0 0 DAVID SAM DIRECTOR 1.00 X 0 0 0 JOHN TALKINGTON DIRECTOR 1.00 X 0 0 0 SARA VAINCE DIRECTOR 1.00 X 0 0 0 MIKE WARREN DIRECTOR 1.00 X 0 0 0 MICHAEL WONG PAST CHAIR 1.00 X 0 0 0 MAX ZAKHARENKO DIRECTOR 1.00 X 0 0 0 TONY SANDERS DIRECTOR 1.00 X 0 0 0 FERNANDO GRUTA DIRECTOR 1.00 X 0 0 0 BILL GALDO DIRECTOR 1.00 X 0 0 0 THERESA GAJEWSKI VP ACCOUNTING & OPS 40.00 X 105709 0 20194 ANATOL LUCENKO JR DIRECTOR OF ECONOMIC DEV 40.00 X 126648 0 33365 395208 0 65335 3 0 1 0 0 269840 60494 330334 ECONOMIC DEVELOPMENT 561499 325000 325000 PROGRAM EVENTS 561499 81493 81493 ADVANCING PROGRESS 561499 20200 20200 426693 10446 10446 11794 11794 ADVERTISING SALES 541800 11126 11126 11126 790393 426693 11126 22240 4000 4000 300530 234736 65794 179968 140568 39400 10066 7862 2204 40348 31515 8833 38957 30428 8529 13969 8993 4976 52925 22065 30860 14697 5048 9649 2625 1358 1267 2265 1595 670 3150 1395 1755 2352 1027 1325 1654 1102 552 8108 5406 2702 5541 3765 1776 SPECIAL EVENTS EXPENSE 32026 32026 COMMUNICATIONS 6277 4185 2092 DUES AND SUBSCRIPTIONS 6123 3376 2747 725581 540450 185131 0 122253 100004 283785 738918 48553 36228 20433 12325 359964 786435 851247 0 0 X 786435 851247 786435 851247 786435 851247 64812 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48553 36228 12325 12325 X 816538 26145 26145 790393 0 790393 751726 26145 26145 725581 0 725581 PART X, LINE 2: THE CHAMBER HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE CHAMBER HAS EVALUATED THE TAX POSITION TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE CHAMBER IS NOT CURRENTLY UNDER AUDIT NOR HAS THE CHAMBER BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE CHAMBER'S TAX POSITION, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. 0 0 0 0 0 0 0 0 0 CAROL GIESKE SECRETARY/PRESIDENT & CEO 146538 0 10000 0 6313 0 9711 0 2065 0 174627 0 0 0 ANATOL LUCENKO JR DIRECTOR OF ECONOMIC DEV 120000 0 4500 0 2148 0 7350 0 26015 0 160013 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EAC HAS TWO CLASSES OF MEMBERS: FULL MEMBERS, WHO MUST APPLY IN WRITING AND SHALL BE ELECTED BY THE BOARD OF DIRECTORS; AND HONORARY MEMBERS, WHOSE MEMBERSHIP IS CONFERRED BY MAJORITY VOTE OF THE BOARD. IN ANY PROCEEDING IN WHICH VOTING BY MEMBERS IS CALLED FOR, EACH MEMBER IN GOOD STANDING, REGARDLESS OF MEMBERSHIP LEVEL (CLASS) SHALL BE ENTITLED TO CAST ONE VOTE. IN ACCORDANCE WITH STATE STATUTE 805 ILSC 108.05(D), DIRECTORS CANNOT VOTE BY PROXY ON ANY MATTER. ALL VOTES MUST BE TAKEN AT A MEETING THAT A DIRECTOR CAN PARTICIPATE IN. FORM 990, PART VI, SECTION A, LINE 7A CANDIDATES FOR THE BOARD OF DIRECTORS CAN BE NOMINATED BY PETITION BEARING THE CERTIFIED SIGNATURES OF AT LEAST (30) CHAMBER MEMBERS IN GOOD STANDING. SUCH PETITIONS SHALL BE FILED WITH THE GOVERNANCE COMMITTEE WITH (10)DAYS AFTER NOTICE HAS BEEN GIVEN OF THE NAMES OF THOSE NOMINATED. FORM 990, PART VI, SECTION A, LINE 7B THE CHAIR OF THE BOARD SHALL APPOINT SUBJECT TO APPROVAL OF THE BOARD OF DIRECTORS, AT LEAST (3) , NOT MORE THAN (5) JUDGES WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS NOR CANDIDATES FOR ELECTION. SAID JUDGES SHALL HAVE COMPLETE SUPERVISION OF THE ELECTION, INCLUDING AUDITING OF THE BALLOTS. THEY SHALL REPORT THE RESULTS OF THE ELECTION TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE PRIOR TO ITS FILING. THE EXECUTIVE COMMITTEE THEN REVIEWS AND APPROVES THE COPY WHICH IS DOCUMENTED IN THE COMMITTEE MINUTES. THE APPROVAL IS THEN COMMUNICATED TO THE OUTSIDE ACCOUNTANTS, WHO PREPARE THE FINAL COPY. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND ALL EMPLOYEES ARE ASKED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE/SIGN THE FORM. THE FORMS ARE KEPT ON FILE. WHEN MADE AWARE OF A POTENTIAL CONFLICT OF INTEREST, THE ORGANIZATION FOLLOWS UP WITH THE INDIVIDUAL IN QUESTION TO GET NEW FORMS COMPLETED AND SIGNED. FORM 990, PART VI, SECTION B, LINE 15 THE ELGIN AREA CHAMBER'S EXECUTIVE COMMITTEE REVIEWS CEO COMPENSATION ANNUALLY. THE REVIEW PROCESS INVOLVES A REVIEW OF PERFORMANCE, A PEER COMPARISON, AND INPUT GATHERED FROM NUMEROUS SOURCES. BASED ON THESE FACTORS, THE COMMITTEE PROPOSES AND VOTES ON COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CHAMBER MAKES DOCUMENTS AVAILABLE IN ACCORDANCE WITH THE APPLICABLE LAW.