Nonprofit · EIN 36-2256398
ITALIAN AMERICAN CHAMBER OF COMMERCE
Tax-exempt · NORTHBROOK, IL 60062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,504,706 | $1,521,863 | -$17,157 | $468,921 | $459,741 | $9,180 |
| December 31, 2023 | 990 | $971,911 | $952,646 | $19,265 | $630,689 | $604,352 | $26,337 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,549
- Membership dues
- $8,549
- Program service revenue
- $1,496,157
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $119,750
- Salaries, compensation and benefits (total)
- $149,166
- Professional fundraising fees
- $0
- Occupancy
- $256,532
- Program services (functional)
- $1,521,863
Balance sheet and other
- Total assets, start of year
- $630,689
- Total assets, end of year
- $468,921
- Total liabilities, end of year
- $459,741
- Net assets, end of year
- $9,180
- Net assets without donor restrictions
- $9,180
- Gross receipts
- $1,504,706
- Employees
- 2
- Year formed
- 1907
- 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 |
|---|---|---|---|
| MAURO GALLI | PRESIDENT Trustee or director, Officer | – | $0 |
| MAURIZIO MUZZETTA | VICE PRESIDE Trustee or director, Officer | – | $0 |
| CHRIS AUGUSTINE | DIRECTOR Trustee or director | – | $0 |
| ZURICH ESPOSITO | DIRECTOR Trustee or director | – | $0 |
| VALENTINA GAGLIO | DIRECTOR Trustee or director | – | $0 |
| KRIS MOYER | DIRECTOR Trustee or director | – | $0 |
| MANFREDI NULLI | DIRECTOR Trustee or director | – | $0 |
| FULVIO CALCINARDI | EXECUTIVE DI Officer | – | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAURO GALLI | PRESIDENT Trustee or director, Officer | – | $0 |
| MAURIZIO MUZZETTA | VICE PRESIDE Trustee or director, Officer | – | $0 |
| CHRIS AUGUSTINE | DIRECTOR Trustee or director | – | $0 |
| ZURICH ESPOSITO | DIRECTOR Trustee or director | – | $0 |
| VALENTINA GAGLIO | DIRECTOR Trustee or director | – | $0 |
| KRIS MOYER | DIRECTOR Trustee or director | – | $0 |
| MANFREDI NULLI | DIRECTOR Trustee or director | – | $0 |
| FULVIO CALCINARDI | EXECUTIVE DI Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 728 ANTHONY TRL, NORTHBROOK, IL 60062-2542
- In care of
- % COMMERCE OF CHICAGO
- Principal officer (990 for 2024)
- FULVIO CALCINARDI, 3800 DIVISION STREET, STONE PARK, IL 60165
- Signed the 990
- FULVIO CALCINARDI, EXECUTIVE DIRECTOR
- Phone
- (312) 218-0255
- Website
- IACC-CHICAGO.COM
- Return prepared by
- RJ AUGUSTINE & ASSOCIATES LTD
Mission
SEE ATTACHED EXHIBIT DETAILING SPECIFIC ORGANIZATION ACTIVITIES MISSION STATEMENT THE ITALIAN AMERICAN CHAMBER OF COMMERCE - MIDWEST IS A NOT-FOR-PROFIT CORPORATION EXISTING UNDER THE LAWS OF THE STATE OF ILLINOIS BASED IN CHICAGO AND SERVING THE FOLLOWING PURPOSES: TO PROMOTE, FACILITATE, AND PROTECT TRADE RELATIONS BETWEEN THE UNITED STATES AND ITALY. TO PROMOTE THE INTERESTS OF ITALIAN AMERICAN BUSINESSMEN, AND IN PARTICULAR, OUR OWN MEMBERS. TO ENCOURAGE AND GUIDE THE COMMERCIAL AND INDUSTRIAL ASPIRATIONS OF ITALIAN AMERICANS. TO FOSTER AND ENCOURAGE GREATER TRADE DEVELOPMENT BETWEEN THE UNITED STATES AND ITALY. TO PROVIDE AN EXCHANGE OF INFORMATION RELATIVE TO BUSINESS AND COMMERCE OF THE UNITED STATES AND ITALY AND THE POTENTIALITIES OF THEIR DEVELOPMENT. TO COOPERATE AND PARTICIPATE IN ALL MATTERS WHICH MAY CONTRIBUTE TO STRENGTHENING THE BONDS OF FRIENDSHIP BETWEEN THE UNITED STATES AND ITALY. TO STIMULATE THE INTEREST OF ITALIANS IN ITALY, AS WELL AS IN THE UNITED STATES, TOWA
Program accomplishments
- TRADE MISSIONS AND TRADE SHOWS ARE HOSTED TO PROMOTE CIVIC AND BUSINESS ACTIVITIES AND RELATIONSHIPS-SEE DETAIL OF SIGNIFICANT ACTIVITIES IN EXHIBIT I
- NETWORKING EVENTS INCLUDING WORKSHOPS AND SEMEINARS TO PROMOTE CIVIC AND BUSINESS RELATIONSHIPS-SEE DETAIL OF SIGNIFICANT ACTIVITIES IN EXHIBIT I
- ANNUAL GALA EVENTS ARE HOSTED TO SHOWCASE MEMBER BUSINESSES AND THEIR ACCOMPLISHMENTS-SEE DETAIL OF SIGNIFICANT ACTIVITIES IN EXHIBIT I
- TO PROVIDE CIVIC, BUSINESS AND SOCIAL ACTIVITIES-SEE DETAIL OF SIGNIFICANT ACTIVITIES IN EXHIBIT I
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
- 36-2256398
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $468,921
- Income (IRS master file)
- $1,504,706
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,504,706 | $1,521,863 | $468,921 | XML |
| 990 | December 2023 | $971,911 | $952,646 | $630,689 | XML |
| 990 | December 2022 | $884,690 | $816,669 | $509,068 | IRS |
| 990 | December 2021 | $1,794,567 | $1,120,487 | $465,373 | IRS |
| 990 | December 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 36-2256398).
Questions about ITALIAN AMERICAN CHAMBER OF COMMERCE
- What is the EIN of ITALIAN AMERICAN CHAMBER OF COMMERCE?
- The employer identification number (EIN) of ITALIAN AMERICAN CHAMBER OF COMMERCE is 36-2256398.
- Is ITALIAN AMERICAN CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2020.
- Are donations to ITALIAN AMERICAN CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ITALIAN AMERICAN 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 ITALIAN AMERICAN CHAMBER OF COMMERCE 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 ITALIAN AMERICAN CHAMBER OF COMMERCE 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 ITALIAN AMERICAN CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names FULVIO CALCINARDI.
- Who are the officers and directors of ITALIAN AMERICAN CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does ITALIAN AMERICAN CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,504,706, expenses of $1,521,863 and total assets of $468,921 at year end.
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