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Nonprofit · EIN 23-7192831

LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY

Tax-exempt · LOMBARD, IL 60148

Financials

$175K$177K2023$210K$173K2024
Revenue Expenses · by fiscal year end
Financials of LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$210,121$173,305$36,816$42,432$0$42,432
December 31, 2023990-EZ$175,357$176,975-$1,618$8,674$3,058$5,616
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$107,503
of which government grants
$43,265
Membership dues
$64,238
Program service revenue
$101,583
Investment income
$1,035
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$58,944
Other salaries and wages
$8,464
Salaries, compensation and benefits (total)
$72,789
Professional fundraising fees
$0
Accounting fees
$4,515
Occupancy
$18,802
Travel
$5,278
Program services (functional)
$111,708
Management and general (functional)
$60,247
Fundraising (functional)
$1,350

Balance sheet and other

Total assets, start of year
$8,674
Total assets, end of year
$42,432
Total liabilities, end of year
$0
Net assets, end of year
$42,432
Net assets without donor restrictions
$42,432
Gross receipts
$210,121
Employees
2
Volunteers
0
Year formed
2006
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RICK GALFANOPRESIDENT
Officer, Key employee, Highest-paid employee
40$58,944
PAM LOHMANBOARD CHAIR
Trustee or director
8$0
JOHN HUGHESTREASURER
Trustee or director
8$0
JOSIE JAWORSKIPAST CHAIR
Trustee or director
2$0
BROOKE BINGAMANVICE CHAIR
Trustee or director
2$0
KSENIYA CASTRODIRECTOR
Trustee or director
1$0
TED BRUSTDIRECTOR
Trustee or director
1$0
GREG LUDWIG JRDIRECTOR
Trustee or director
1$0
ANNA WESELAKDIRECTOR
Trustee or director
1$0
JERRY JAMESDIRECTOR
Trustee or director
1$0
MADISON VERDUNDIRECTOR
Trustee or director
1$0
BRITTANY CONWAYDIRECTOR
Trustee or director
1$0
AUTUMN D'AMILODIRECTOR
Trustee or director
1$0
990-EZ for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
RICK GALFANOPRESIDENT/CEO40$31,615
PAM LOHMANCHAIR OF BOARD8$0
JOHN HUGHESTREASURER8$0
JOSIE JAWORSKIPAST CHAIR2$0
BROOKE BINGAMANVICE CHAIR2$0
KSENIYA CASTRODIRECTOR1$0
TED BRUSTDIRECTOR1$0
GREG LUDWIG JRDIRECTOR1$0
ANNA WESELAKDIRECTOR1$0
JERRY JAMESDIRECTOR1$0
MADISON VERDUNDIRECTOR1$0
BRITTANY CONWAYDIRECTOR1$0
NICOLE DEJORISDIRECTOR1$0

Address and contacts

Address (IRS master file)
10 LILAC LN, LOMBARD, IL 60148-2626
In care of
% M J VANDENBROUCKE
Principal officer (990 for 2024)
RICK GALFANO, 145 S MAIN STREET, LOMBARD, IL 60148
Signed the 990
RICK GALFANO, PRESIDENT & CEO
Phone
(630) 627-5040
Return prepared by
WAYNE E PARSONS CPA

Mission

TO PROMOTE BUSINESS OPPORTUNITIES IN THE GREATER LOMBARD COMMUNITY AND AMONG MEMBERS, AND TO PROMOTE INTERRACTION AND MUTUAL SUPPORT. TO HOST LUNCHEONS, NETWORKING EVENTS AND SOCIAL GATHERINGS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTED INTERACTION AMONG MEMBERS VIA AN ANNUAL DINNER DANCE HELD IN THE SPRING EACH YEAR, CALLED THE LILAC BALL.
    Expenses $20,567 · revenue $51,935
  • PROMOTED INTERACTION AMONG MEMBERS VIA AN ANNUAL GOLF OUTING HELD IN LATE SUMMER EACH YEAR. THE EVENT INCLUDES A BREAKFAST SESSION AND GOLF FOLLOWED BY AN AWARDS BANQUET .
    Expenses $12,816 · revenue $21,115
  • CONDUCTED A CRAFT FAIR INVOLVING THE COMMUNITY TO PROMOTE INTERACTION WITH THE BROADER LOMBARD AREA COMMUNITY AND PROMOTE MEMBER BUSINESSES.
    Expenses $5,472 · revenue $11,830
  • Expenses $72,853 · revenue $125,241

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
23-7192831
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$42,432
Income (IRS master file)
$210,121

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$210,121$173,305$42,432IRS
990-EZDecember 2023$175,357$176,975$8,674XML
990-EZDecember 2022–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7192831).

Questions about LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY

What is the EIN of LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY?
The employer identification number (EIN) of LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY is 23-7192831.
Is LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1980.
Are donations to LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY?
The 990 for the year ended December 31, 2024 names RICK GALFANO.
Who are the officers and directors of LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $58,944 (RICK GALFANO, PRESIDENT).
How much revenue does LOMBARD AREA CHAMBER OF COMMERCE AND INDUSTRY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $210,121, expenses of $173,305 and total assets of $42,432 at year end.

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