Nonprofit · EIN 46-5007165
ICBG INC
Tax-exempt · PLAINFIELD, IL 60544
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $625,771 | $774,521 | -$148,750 | $123,702 | $55,884 | $67,818 |
| December 31, 2023 | 990 | $812,603 | $828,534 | -$15,931 | $211,551 | $0 | $211,551 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,295
- of which government grants
- $17,759
- Program service revenue
- $606,476
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $106,923
- Other salaries and wages
- $79,053
- Salaries, compensation and benefits (total)
- $200,129
- Professional fundraising fees
- $0
- Legal fees
- $49,798
- Accounting fees
- $14,690
- Travel
- $8,978
Balance sheet and other
- Total assets, start of year
- $211,551
- Total assets, end of year
- $123,702
- Total liabilities, end of year
- $55,884
- Net assets, end of year
- $67,818
- Gross receipts
- $625,771
- Employees
- 2
- Volunteers
- 450
- Year formed
- 2014
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAY STOUT | EXECUTIVE DI Officer | 40 | $106,923 | $1,570 |
| KAREN CONN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER CROWLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRUCE DIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN HENRICKS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CAMERON HORN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL KREINER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY KWASNEY | VP Trustee or director, Officer | 1 | $0 | $0 |
| CESAR MARRON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW MOLDENHAUER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KARL RUTHERFORD | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| BRENT SCHWOERER | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAY STOUT | EXECUTIVE DIRECTOR Officer | 40 | $113,238 | $2,265 |
| KARL RUTHERFORD | SECRETARY - PART YEAR Trustee or director, Officer | 1 | $0 | $0 |
| PETE CROWLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMILY KWASNY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE DIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH MAY | SECRETARY - PART YEAR Trustee or director, Officer | 1 | $0 | $0 |
| MATHEW MOLDENHAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN HENRICKS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PAUL KREINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CESAR MARRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENT SCHWOERER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1156, PLAINFIELD, IL 60544-1156
- In care of
- % RAY STOUT IV
- Principal officer (990 for 2024)
- KEN HENRICKS, PO BOX 1467, LA GRANGE PARK, IL 60526
- Signed the 990
- KEN HENRICKS, PRESIDENT
- Phone
- (630) 287-0401
- Website
- WWW.ILLINOISBEER.ORG
- Return prepared by
- AHLBECK COOK PLLC
Mission
TO PROMOTE THE DEVELOPMENT AND EXPANSION OF THE CRAFT BEER INDUSTRY IN ILLINOIS.
Program accomplishments
- PROMOTION - FOBAB - THE GUILD'S LARGEST EVENT FEATURING A COMPETITION AND FESTIVAL TO SHOWCASE THE BEST BARREL AGED BEERS FROM BREWERIES ACROSS THE COUNTRY.
- EDUCATION - ICBG PRESENTED A NUMBER OF WEB BASED EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERSHIP AND QUARTERLY MEMBERSHIP MEETINGS.
- ADVOCACY - THE ICBG IS INSTRUMENTAL IN ADVOCATING FOR LEGISLATION AFFECTING THE CRAFT BREWING INDUSTRY WORKING HARD TO LOBBY LAWMAKERS BOTH INDEPENDENTLY AND AS PART OF MULTIPLE COALITIONS TO ENSURE THEIR MEMBERS ARE WELL REPRESENTED.
- SCHOLARSHIPS
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5007165
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $123,702
- Income (IRS master file)
- $625,771
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $625,771 | $774,521 | $123,702 | XML |
| 990 | December 2023 | $812,603 | $828,534 | $211,551 | XML |
| 990 | December 2022 | $669,810 | $721,685 | $282,080 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 46-5007165).
Questions about ICBG INC
- What is the EIN of ICBG INC?
- The employer identification number (EIN) of ICBG INC is 46-5007165.
- Is ICBG INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2015.
- Are donations to ICBG INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ICBG INC 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 ICBG INC 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 ICBG INC 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 ICBG INC?
- The 990 for the year ended December 31, 2024 names KEN HENRICKS.
- Who are the officers and directors of ICBG INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $106,923 (RAY STOUT, EXECUTIVE DI).
- How much revenue does ICBG INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $625,771, expenses of $774,521 and total assets of $123,702 at year end.
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All nonprofits in PLAINFIELD · Illinois · Community improvement and capacity building