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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-7166733

ILLINOIS CHAMBER FOUNDATION

Tax-exempt · SPRINGFIELD, IL 62701

Financials

$52K$100K2023$14$2K2024
Revenue Expenses · by fiscal year end
Financials of ILLINOIS CHAMBER FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$14$1,867-$1,853$15,688$72,071-$56,383
December 31, 2023990-EZ$52,385$99,905-$47,520$15,812$70,342-$54,530
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Other revenue
$14

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$1,680
Other expenses
$187

Balance sheet and other

Total assets, start of year
$15,812
Total assets, end of year
$15,688
Total liabilities, end of year
$72,071
Net assets, end of year
-$56,383
Cash, savings and investments
$15,688
Gross receipts
$14

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DR JAMES WEYHENMEYERDIRECTOR0.5$0
RICK NEWFIELDDIRECTOR0.5$0
CHRISTIAN HELMETAGDIRECTOR0.5$0
RAY DRAKECHAIRMAN0.5$0
JOE DIVELYSECRETARY0.5$0
MICHAEL MOSESTREASURER0.5$0
990-EZ for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
DR JAMES WEYHENMEYERDIRECTOR0.5$0
RICK NEWFIELDDIRECTOR0.5$0
CHRISTIAN HELMETAGDIRECTOR0.5$0
RAY DRAKECHAIRMAN0.5$0
JOE DIVELYSECRETARY0.5$0
MICHAEL MOSESTREASURER0.5$0

Address and contacts

Address (IRS master file)
215 E ADAMS ST STE 1, SPRINGFIELD, IL 62701-1157
Signed the 990-EZ
RAYMOND C DRAKE, CHAIRMAN
Phone
(217) 522-5512
Return prepared by
SASSETTI LLC

Mission

THE MAIN PURPOSE OF THE ILLINOIS CHAMBER OF COMMERCE FOUNDATION IS TO RAISE AND EXPEND FUNDS FOR THE PURPOSES OF FINANCING AND SPONSORING, PUBLISHING, PROMOTING AND DISTRIBUTING RESEARCH ON ISSUES IMPORTANT TO BUSINESSES OR ISSUES AND ANALYSES OF THE ILLINOIS ECONOMY AND BUSINESS CLIMATE; PROVIDE EDUCATIONAL FORUMS THAT FACILITATE THE DISCUSSION AND DEBATE OF POLICY OR OPERATIONAL MATTER THAT IMPACT BUSINESSES GENERALLY, BUSINESS SEGMENTS OF THE ILLINOIS ECONOMY, OR THE ILLINOIS BUSINESS CLIMATE; AND WITH OTHER ORGANIZATIONS, SPONSOR ACTIVITIES AND RESEARCH PROJECTS THAT ARE CONSISTENT WITH THE STATED PURPOSES.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • RAISE AND EXPEND FUNDS TO PROVIDE RESEARCH AND EDUCATION TO BUSINESSES ON ISSUES THAT MAY HAVE OPERATIONAL OR FINANCIAL IMPACTS ON THEIR BUSINESS

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-N for ILLINOIS CHAMBER FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
23-7166733
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1972
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$15,688
Income (IRS master file)
$14

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$14$1,867$15,688XML
990-EZDecember 2023$52,385$99,905$15,812XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 2017–––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 23-7166733).

Questions about ILLINOIS CHAMBER FOUNDATION

What is the EIN of ILLINOIS CHAMBER FOUNDATION?
The employer identification number (EIN) of ILLINOIS CHAMBER FOUNDATION is 23-7166733.
Is ILLINOIS CHAMBER FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to ILLINOIS CHAMBER FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does ILLINOIS CHAMBER FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of ILLINOIS CHAMBER FOUNDATION 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 CHAMBER FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of ILLINOIS CHAMBER FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does ILLINOIS CHAMBER FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $14, expenses of $1,867 and total assets of $15,688 at year end.

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