Nonprofit · EIN 81-4109813
TRUSTED ADVISORS COUNCIL
Tax-exempt · SCHAUMBURG, IL 60173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $94,131 | $101,807 | -$7,676 | $57,208 | $325 | $56,883 |
| December 31, 2024 | 990-EZ | $78,904 | $94,018 | -$15,114 | $64,884 | $325 | $64,559 |
| December 31, 2023 | 990-EZ | $76,905 | $75,166 | $1,739 | $79,998 | $325 | $79,673 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Membership dues
- $71,015
- Program service revenue
- $20,510
- Investment income
- $2,606
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,774
- Other expenses
- $98,033
Balance sheet and other
- Total assets, start of year
- $64,884
- Total assets, end of year
- $57,208
- Total liabilities, end of year
- $325
- Net assets, end of year
- $56,883
- Cash, savings and investments
- $56,153
- Gross receipts
- $94,131
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen K Snodgrass | Treasurer | 2 | $0 |
| Michael Kwon | President | 2 | $0 |
| Clark Neuhoff | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen K Snodgrass | Treasurer | 2 | $0 |
| Michael Kwon | President | 2 | $0 |
| Clark Neuhoff | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen K Snodgrass | Treasurer | 2 | $0 |
| Michael Kwon | President | 2 | $0 |
| Clark Neuhoff | Secretary | 2 | $0 |
| Joseph Gurreri | Director | 1 | $0 |
| Daniel Karnatz | Director | 1 | $0 |
| Lorena Blonsky | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1320 TOWER RD, SCHAUMBURG, IL 60173-4309
- In care of
- % MICHAEL KWON
- Mailing address (990-N for 2019)
- 1320 Tower Road, Schaumburg IL 60173
- Principal officer (990-N for 2019)
- Michael Kwon, 1320 T ower Road, Schaumburg IL 60173
- Signed the 990-EZ
- Michael Kwon, President
- Phone
- (630) 537-0108
- Return prepared by
- CRAY KAISER LTD
Mission
DEVELOPING AND EVOLVING VALUABLE BUSINESS RELATIONSHIPS BUILT ON COLLABORATION BETWEEN ITS MEMBERS.OBJECTIVES: A) TO DEVELOP AND FOSTER PROFESSIONAL RELATIONSHIPS AND FRIENDSHIPS USING A 4 STEP PROCESS: 1) KNOW - TAKE THE TIME TO GET TO KNOW EACH MEMBER ON A PERSONAL LEVEL UNTIL S/HE IS COMFORTABLE WITH WHO YOU ARE. FOCUS ON ADDING VALUE FIRST. 2) LIKE - RECOGNIZE AND RESPECT WHO THE MEMBER IS AS A PERSON, ENOUGH TO LIKE THEM. THE MORE SOMEONE LIKES YOU, THE MORE THEY BEGIN TO TRUST YOU. FRIENDLINESS, RELEVANCE, AND EMPATHY ARE IMPORTANT ELEMENTS. 3) TRUST - BELIEVE IN THE MEMBER ENOUGH TO ENGAGE THEM AND KNOW THAT THEY WILL PUT A REFERRED CLIENT'S LONG-TERM INTERESTS AHEAD OF THEIR OWN SHORT-TERM INTERESTS. 4) REFER - PROVIDE MEANINGFUL RESOURCES AND GIVING MENTALITY TO CREATE COMMERCE FOR EACH OTHER AND OUR CLIENTS.B) TO SHARE KNOWLEDGE AND NETWORK RESOURCES WITH FELLOW MEMBERS AND OUR CLIENTS.C) TO SERVE EACH OTHER'S CLIENTS WITH GREAT CARE AND SKILL, ALWAYS PLACING THE CLIENT'S INT
Program accomplishments
- MEETINGS, CONFERENCES, AND EVENTS FOR ITS MEMBERS.
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-4109813
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $57,208
- Income (IRS master file)
- $94,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $94,131 | $101,807 | $57,208 | XML |
| 990-EZ | December 2024 | $78,904 | $94,018 | $64,884 | IRS |
| 990-EZ | December 2023 | $76,905 | $75,166 | $79,998 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Michael Kwon | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-4109813).
Questions about TRUSTED ADVISORS COUNCIL
- What is the EIN of TRUSTED ADVISORS COUNCIL?
- The employer identification number (EIN) of TRUSTED ADVISORS COUNCIL is 81-4109813.
- Is TRUSTED ADVISORS COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2019.
- Are donations to TRUSTED ADVISORS COUNCIL tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRUSTED ADVISORS COUNCIL 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 TRUSTED ADVISORS COUNCIL 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 TRUSTED ADVISORS COUNCIL last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of TRUSTED ADVISORS COUNCIL?
- The 990-N for 2019 names Michael Kwon.
- Who are the officers and directors of TRUSTED ADVISORS COUNCIL?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does TRUSTED ADVISORS COUNCIL have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $94,131, expenses of $101,807 and total assets of $57,208 at year end.
Other nonprofits in SCHAUMBURG
- ISACA FOUNDATION EIN 83-4605433 · last filed 990 for 2024
- 7-ELEVEN WILIANA FRANCHISE OWNERS ASSOCIATION EIN 36-4410454 · last filed 990 for 2024
- SCHAUMBURG BUSINESS ASSOCIATION EIN 36-4445515 · last filed 990 for 2024
- AMERICAN SOCIETY FOR DERMATOLOGIC SURGERY ASSOCIATION EIN 71-1027738 · last filed 990 for 2024
- AMERICAN COLLEGE OF ACADEMIC ADDICTION MEDICINE INC EIN 11-3824931 · last filed 990 for 2024
- CLINICAL ASSOCIATION OF CALIFORNIA ENDOCRINOLOGISTS INC EIN 01-0676431 · last filed 990 for 2024
- ADVANCED UROLOGY INSTITUTE EDUCATION AND GENERAL FUND EIN 81-2404357 · last filed 990 for 2024
- HOSPICE MEDICAL DIRECTOR CERTIFICATION BOARD EIN 45-5204240 · last filed 990 for 2024
All nonprofits in SCHAUMBURG · Illinois · Community improvement and capacity building