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Nonprofit · EIN 36-1352170

ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT

Tax-exempt · PERU, IL 61354

Financials

$275K$276K2023$309K$308K2024
Revenue Expenses · by fiscal year end
Financials of ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$308,867$307,561$1,306$268,390$11,556$256,834
December 31, 2023990$275,332$275,749-$417$246,808$7,564$239,244
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$241,750
Membership dues
$198,644
Program service revenue
$11,413
Investment income
$4,381
Net income from fundraising events
$40,659
Other revenue
$51,323

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$160,022
Other salaries and wages
$3,405
Salaries, compensation and benefits (total)
$183,540
Professional fundraising fees
$0
Legal fees
$3,226
Accounting fees
$6,800
Occupancy
$34,683
Travel
$801
Program services (functional)
$221,329
Management and general (functional)
$86,232

Balance sheet and other

Total assets, start of year
$246,808
Total assets, end of year
$268,390
Total liabilities, end of year
$11,556
Net assets, end of year
$256,834
Net assets without donor restrictions
$256,834
Gross receipts
$370,612
Employees
3
Year formed
1945
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
BILL ZENSExecutive Dir.
Trustee or director, Officer
40$97,545
PENNY VOLKERTOPERATIONS
Trustee or director
40$62,478
KIM BIMADirector
Trustee or director
2$0
LAURA SAMPSONTreasurer
Trustee or director, Officer
2$0
PHILLIP HILEMANDirector
Trustee or director
2$0
DAVE ARGUBRIGHTDirector
Trustee or director
2$0
ASHLEY GATZADirector
Trustee or director
2$0
JACOB MESEKEDirector
Trustee or director
2$0
PEYTON LAMPSDirector
Trustee or director
2$0
STEVE WROBLESKIPresident
Trustee or director, Officer
2$0
KATHY PULLAMDirector
Trustee or director
2$0
NEAL KNAUFVice President
Trustee or director, Officer
2$0
CLAY THEISINGERDirector
Trustee or director
2$0
MICHELE KINGDirector
Trustee or director
2$0
LISSA OLSONDirector
Trustee or director
2$0
2 more people on this return
NameTitleHours / weekCompensation
DEON VAN DEN BERGDirector
Trustee or director
2$0
JEFF BORELLIDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
BILL ZENSExecutive Dir.
Trustee or director, Officer
40$90,756
PENNY VOLKERTOPERATIONS
Trustee or director
40$58,411
KIM BIMADirector
Trustee or director
2$0
STEVE DULLARD DVMDirector
Trustee or director
2$0
PHILLIP HILEMANDirector
Trustee or director
2$0
DAVE ARGUBRIGHTDirector
Trustee or director
2$0
RACHEL BALESTRIDirector
Trustee or director
2$0
JENNIFER BIASDirector
Trustee or director
2$0
BEVERLY MALOOLEYDirector
Trustee or director
2$0
STEVE WROBLESKIVice President
Trustee or director, Officer
2$0
HEATHER HAMMITTDirector
Trustee or director
2$0
NEAL KNAUFDirector
Trustee or director
2$0
CLAY THEISINGERDirector
Trustee or director
2$0
MICHELE KINGDirector
Trustee or director
2$0
DAVID LOVELANDTreasurer
Trustee or director, Officer
2$0
CHUCK STUDERDirector
Trustee or director
2$0
JEFF BORELLIPresident
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
1320 PEORIA ST, PERU, IL 61354-2262
Signed the 990
DAVID LOVELAND, Treasurer
Phone
(815) 223-0227
Website
IVACED.ORG
Return prepared by
Hopkins & Associates CPAs

Mission

TO PROMOTE THE ILLINOIS VALLEY ECONOMY BY ATTRACTING NEW JOBS AND ENHANCING EXISTING BUSINESS WHILE VALUING QUALITY OF LIFE.

990 for the year ended December 31, 2024

Program accomplishments

  • COMMITTEE ACTIVITY AND COMMUNICATIONS
    Expenses $221,329

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 on file

IRS record

EIN
36-1352170
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$268,390
Income (IRS master file)
$370,612

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$308,867$307,561$268,390IRS
990December 2023$275,332$275,749$246,808XML
990December 2022$356,183$240,756$246,782IRS
990December 2021–––IRS
990December 2020–––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 36-1352170).

Questions about ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT

What is the EIN of ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT?
The employer identification number (EIN) of ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT is 36-1352170.
Is ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
Are donations to ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT 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 ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT 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 ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT?
The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $97,545 (BILL ZENS, Executive Dir.).
How much revenue does ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT have?
On its 990 for the year ended December 31, 2024 it reported revenue of $308,867, expenses of $307,561 and total assets of $268,390 at year end.

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