Nonprofit · EIN 36-2992246
MCHENRY AREA CHAMBER OF COMMERCE
Tax-exempt · MCHENRY, IL 60050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $595,590 | $554,116 | $41,474 | $1,055,492 | $418,034 | $637,458 |
| December 31, 2023 | 990 (amended) | $794,751 | $536,547 | $258,204 | $1,006,160 | $410,173 | $595,987 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $276,850
- Program service revenue
- $152,639
- Investment income
- $11,079
- Net income from fundraising events
- $131,002
- Net income from gaming
- $4,910
- Other revenue
- $155,022
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $127,831
- Other salaries and wages
- $217,358
- Salaries, compensation and benefits (total)
- $385,096
- Professional fundraising fees
- $0
- Accounting fees
- $4,015
- Occupancy
- $9,568
- Depreciation
- $18,715
- Program services (functional)
- $383,818
- Management and general (functional)
- $170,298
Balance sheet and other
- Total assets, start of year
- $1,006,160
- Total assets, end of year
- $1,055,492
- Total liabilities, end of year
- $418,034
- Net assets, end of year
- $637,458
- Land, buildings and equipment
- $631,345
- Net assets without donor restrictions
- $637,458
- Gross receipts
- $837,840
- Employees
- 5
- Year formed
- 1952
- 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 |
|---|---|---|---|
| MOLLY OSTAP | PRESIDENT Trustee or director, Officer | 41 | $127,831 |
| BECKY KIRCHNER | BOARD CHAIRM Trustee or director, Officer | 1 | $0 |
| CARL VALLIANATOS | 1ST VICE CHA Trustee or director, Officer | 1 | $0 |
| KAY REISSIG | 2ND VICE CHA Trustee or director, Officer | 1 | $0 |
| LEEJAY STEWART | CORPORATE SE Trustee or director, Officer | 1 | $0 |
| KATE MALMSTEDT | TREASURER Trustee or director, Officer | 1 | $0 |
| DENNY NORTON JR | DIRECTOR Trustee or director | 1 | $0 |
| DOUG MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS STAMBORSKI | DIRECTOR Trustee or director | 1 | $0 |
| JACKIE SZYMCZAK | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE DITZLER | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER HUNT | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE BARRONS | DIRECTOR Trustee or director | 1 | $0 |
| ADAM HARVILLE | DIRECTOR Trustee or director | 1 | $0 |
| LORI MERCURE-WAGNER | DIRECTOR Trustee or director | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 |
| RYAN CONWAY | DIRECTOR Trustee or director | 1 | $0 |
| ERIC VICENCIO | DIRECTOR Trustee or director | 1 | $0 |
| MARK PIEKOS | DIRECTOR Trustee or director | 1 | $0 |
| JOSH REITZ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY OSTAP | PRESIDENT Trustee or director, Officer | 41 | $133,165 | $5,159 |
| BECKY KIRCHNER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CARL VALLIANATOS | 1ST VICE CHA Trustee or director, Officer | 1 | $0 | $0 |
| KAY REISSIG | 2ND VICE CHA Trustee or director, Officer | 1 | $0 | $0 |
| LEEJAY STEWART | CORPORATE SE Trustee or director, Officer | 1 | $0 | $0 |
| KATE MALMSTEDT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DENNY NORTON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS STAMBORSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACKIE SZYMCZAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE DITZLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER HUNT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE BARRONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM HARVILLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI MERCURE-WAGNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD MORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN CONWAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE PIEKOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH REITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC VICENCIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1307 N GREEN ST, MCHENRY, IL 60050-4460
- In care of
- % MCHENRY CHAMBER OF COMMERCE
- Principal officer (990 for 2024)
- MOLLY OSTAP, 1307 N GREEN STREET, MCHENRY, IL 60050
- Signed the 990
- MOLLY OSTAP, PRESIDENT
- Phone
- (815) 385-4300
- Website
- WWW.MCHENRYCHAMBER.COM
- Return prepared by
- ERIC J FERNANDEZ & CO
Mission
THE ORGANIZATION SPONSORS AND ORGANIZES COMMUNITY EVENTS TO PROMOTE NETWORKING OPPORTUNITIES FOR LOCAL BUSINESSES AND PROMOTE A POSITIVE COMMUNITY IDENTITY. IT KEEPS MEMBERS INFORMED OF EVENTS.
Program accomplishments
- THE ORGANIZATION SPONSORS AND ORGANIZES COMMUNITY EVENTS TO PROMOTE NETWORKING OPPORTUNITIES FOR LOCAL BUSINESSES AND PROMOTE A POSITIVE COMMUNITY IDENTITY. IT KEEPS MEMBERS INFORMED OF EVENTS.Expenses $383,818
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
- 36-2992246
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,055,492
- Income (IRS master file)
- $837,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $595,590 | $554,116 | $1,055,492 | XML |
| 990 | December 2023 | $794,751 | $536,547 | $1,006,160 | XML |
| 990 | December 2022 | $379,755 | $376,632 | $544,064 | 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 36-2992246).
Questions about MCHENRY AREA CHAMBER OF COMMERCE
- What is the EIN of MCHENRY AREA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of MCHENRY AREA CHAMBER OF COMMERCE is 36-2992246.
- Is MCHENRY AREA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
- Are donations to MCHENRY AREA CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MCHENRY AREA 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 MCHENRY AREA 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 MCHENRY AREA 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 MCHENRY AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names MOLLY OSTAP.
- Who are the officers and directors of MCHENRY AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 21 people; 1 received compensation from the organization, the highest $127,831 (MOLLY OSTAP, PRESIDENT).
- How much revenue does MCHENRY AREA CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $595,590, expenses of $554,116 and total assets of $1,055,492 at year end.
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