Nonprofit · EIN 36-2043217
GENEVA CHAMBER OF COMMERCE
Tax-exempt · GENEVA, IL 60134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,223,954 | $1,335,783 | -$111,829 | $342,888 | $305,795 | $37,093 |
| December 31, 2024 | 990 | $1,261,990 | $1,602,761 | -$340,771 | $456,116 | $307,194 | $148,922 |
| December 31, 2023 | 990 | $1,725,858 | $1,577,721 | $148,137 | $989,395 | $444,577 | $544,818 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $509,558
- Membership dues
- $301,037
- Program service revenue
- $723,803
- Investment income
- $92
- Net income from fundraising events
- -$9,499
- Other revenue
- -$9,499
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $89,133
- Other salaries and wages
- $273,831
- Salaries, compensation and benefits (total)
- $415,465
- Professional fundraising fees
- $0
- Accounting fees
- $27,936
- Occupancy
- $36,000
- Depreciation
- $9,777
- Program services (functional)
- $1,186,613
- Management and general (functional)
- $135,828
- Fundraising (functional)
- $13,342
Balance sheet and other
- Total assets, start of year
- $456,116
- Total assets, end of year
- $342,888
- Total liabilities, end of year
- $305,795
- Net assets, end of year
- $37,093
- Land, buildings and equipment
- $23,019
- Net assets without donor restrictions
- $37,093
- Gross receipts
- $1,256,295
- Employees
- 8
- Year formed
- 1950
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA SCHMIDT | president Officer | 40 | $89,133 |
| SCOTT DRUMHELLER | Secretary Trustee or director, Officer | 2 | $0 |
| GEORGE HAVLICEK | Director Trustee or director | 1 | $0 |
| MARTHA SANCHEZ | Director Trustee or director | 1 | $0 |
| CHRISTINE LAZARIS | Director Trustee or director | 1 | $0 |
| NEIL JOHNSON | Director Trustee or director | 1 | $0 |
| VU NGUYEN | Director Trustee or director | 1 | $0 |
| MIKE SIMON | Director Trustee or director | 1 | $0 |
| BRUCE HEIDLAUF | Director Trustee or director | 1 | $0 |
| MICHAEL OLESEN | chair Trustee or director, Officer | 2 | $0 |
| SUSAN HUANG | Treasurer Trustee or director, Officer | 2 | $0 |
| CATHLEEN TYMOSZENKO | Director Trustee or director | 1 | $0 |
| ALICE BERARDI | Director Trustee or director | 1 | $0 |
| CHRIS WALLACE | Director Trustee or director | 1 | $0 |
| DR JEANINE MCMILLEN | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA SCHMIDT | president Officer | 40 | $87,469 |
| SCOTT DRUMHELLER | Secretary Trustee or director, Officer | 2 | $0 |
| GEORGE HAVLICEK | Director Trustee or director | 1 | $0 |
| MARTHA SANCHEZ | Director Trustee or director | 1 | $0 |
| CHRISTINE LAZARIS | Director Trustee or director | 1 | $0 |
| NEIL JOHNSON | Director Trustee or director | 1 | $0 |
| VU NGUYEN | Director Trustee or director | 1 | $0 |
| MIKE SIMON | Director Trustee or director | 1 | $0 |
| BRUCE HEIDLAUF | Director Trustee or director | 1 | $0 |
| MICHAEL OLESEN | chair Trustee or director, Officer | 2 | $0 |
| SUSAN HUANG | Treasurer Trustee or director, Officer | 2 | $0 |
| CATHLEEN TYMOSZENKO | Director Trustee or director | 1 | $0 |
| ALICE BERARDI | Director Trustee or director | 1 | $0 |
| CHRIS WALLACE | Director Trustee or director | 1 | $0 |
| DR JEANINE MCMILLEN | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT DRUMHELLER | EXEC COMMITT Trustee or director | – | $0 |
| GEORGE HAVLICEK | BOARD MEMBER Trustee or director | – | $0 |
| BRUCE HEIDLAUF | BOARD MEMBER Trustee or director | – | $0 |
| SUSAN HUANG | TREASURER Trustee or director, Officer | – | $0 |
| NEIL JOHNSON | BOARD MEMBER Trustee or director | – | $0 |
| CHRISTINE LAZARIS | BOARD MEMBER Trustee or director | – | $0 |
| JESSE MERCADO | SECRETARY Trustee or director | – | $0 |
| VU NGUYEN | BOARD MEMBER Trustee or director | – | $0 |
| MICHAEL OLESEN | BOARD MEMBER Trustee or director | – | $0 |
| MARTHA SANCHEZ | CHAIRMAN Trustee or director, Officer | – | $0 |
| MIKE SIMON | BOARD MEMBER Trustee or director | – | $0 |
| CATHLEEN TYMOSZENKO | BOARD MEMBER Trustee or director | – | $0 |
| PAULA SCHMIDT | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 8 S 3RD ST, GENEVA, IL 60134-2201
- Signed the 990
- PAULA SCHMIDT, President
- Phone
- (630) 232-6060
- Website
- GENEVACHAMBER.COM
- Return prepared by
- Wieland Wallace Inc
Mission
TO BE THE VOICE OF ITS MEMBERS AND THE BUSINESS COMMUNITY BY MAINTAINING AND MONITORING SELECTIVE PROGRAMS OF ACTION WHICH IDENTIFY ISSUES, PROVIDE SUPPORT IN AREAS OF ECONOMIC DEVELOPMENT, AND FOSTER COMMUNITY PRIDE AND RECOGNITION.
Program accomplishments
- SWEDISH DAYS - PREPARATION AND MANAGEMENT OF A FIVE DAY FESTIVAL ENHANCING THE BUSINESS COMMUNITY. THIS ANNUAL EVENT ATTRACTS 325,000 TOURISTS AND VISITORS TO OUR BUSINESS COMMUNITY TO INCREASE OPPORTUNITY FOR OUR MEMBERS TO GENERATE SALES AND CREATE AWARENESS. THE FESTIVAL ALSO STIMULATES LOCAL RESIDENT PARTICIPATION AND PROVIDES A VENUE FOR LOCAL NON-PROFITS TO SET UP FOOD BOOTHS, THE SALES FROM WHICH, IN MANY CASES, ARE THEIR ONLY SOURCE OF FUNDRAISING FOR THE YEAR.Expenses $381,711 · revenue $232,833
- FESTIVAL OF THE VINE - ECONOMIC DEVELOPMENT THROUGH THE PROMOTION OF A CENTRAL BUSINESS DISTRICT IN CONJUNCTION WITH THE ORGANIZATION AND MANAGEMENT OF TENT FOODS SERVED BY RESTAURANT MEMBERS AS A FAIRE WITH FAMILY AND CHILDREN'S ACTIVITIES INCLUDING LIVE ENTERTAINMENT, CRAFT AND ART SHOWS, WINE TASTING AND KIDS' GAMES. THE EVENT ATTRACTS 50,000 - 75,000 ATTENDEES.Expenses $373,991 · revenue $228,124
- CHRISTMAS WALK - ECONOMIC DEVELOPMENT THROUGH THE PROMOTION OF THE CENTRAL BUSINESS DISTRICT AT THE START OF THE CHRISTMAS SALES SEASON ATTRACTING LOCAL RESIDENTS AND TOURISTS TO WALK A RECOMMENDED ROUTE VISITING MEMBER RETAILERS AND LOCAL RESIDENCES DECORATED IN THE HOLIDAY SPIRIT. STREET DECORATIONS IN THE FORM OF LIGHTED CHRISTMAS TREES AND WREATHS ARE UNDERWRITTEN BY THE ORGANIZATION AND INSTALLED BY CITY WORKERS.Expenses $235,062 · revenue $143,381
- VARIOUS OTHER PROGRAMS AND EVENTS INCLUDING A CAR SHOW AND A FINE ARTS SHOW.Expenses $195,852 · revenue $119,465
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 | 990 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
- 36-2043217
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $342,888
- Income (IRS master file)
- $1,256,295
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,223,954 | $1,335,783 | $342,888 | XML |
| 990 | December 2024 | $1,261,990 | $1,602,761 | $456,116 | IRS |
| 990 | December 2023 | $1,725,858 | $1,577,721 | $989,395 | XML |
| 990 | December 2022 | $1,337,162 | $1,330,564 | $870,709 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 36-2043217).
Questions about GENEVA CHAMBER OF COMMERCE
- What is the EIN of GENEVA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of GENEVA CHAMBER OF COMMERCE is 36-2043217.
- Is GENEVA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to GENEVA CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GENEVA CHAMBER OF COMMERCE 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 GENEVA CHAMBER OF COMMERCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GENEVA CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of GENEVA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $89,133 (PAULA SCHMIDT, president).
- How much revenue does GENEVA CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,223,954, expenses of $1,335,783 and total assets of $342,888 at year end.
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- NORTHERN ILLINOIS FOOD BANK EIN 36-3203648 · last filed 990 for 2025
- MARKLUND CHILDRENS HOME EIN 36-2652532 · last filed 990 for 2025
- FRIENDSHIP VILLAGE OF MILL CREEK NFP EIN 20-3300991 · last filed 990 for 2024
- NKC FAMILY FOUNDATION EIN 47-2618874 · last filed 990-PF for 2025
- MARKLUND CHARITIES EIN 36-4074849 · last filed 990 for 2025
- TRICITY FAMILY SERVICES EIN 23-7310008 · last filed 990 for 2025
- FEEDING ILLINOIS EIN 37-1415188 · last filed 990 for 2025
- KANE COUNTY SENIOR LIVING EIN 68-0563752 · last filed 990 for 2025