Visit Oak Park FY2023 filing

Not tax-deductible

Oak Park, IL501(c)(6)Since 1993EIN 36-3919968Revenue $1.2M in FY2023

On file with the IRSvisitoakpark.com1033 South Boulevard, 60302-2823 · Oak Park, ILTax-exempt since Mar 1994

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To promote the Oak Park area as a tourism destination

82¢ of each $1 spent went to programs.
$155K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $5K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$155K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$179K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+56% vs prior year
Spent
$1.3M
To programs
82%
Net assets
$93K
By yearFY2021–FY2024
Revenue
$1.2M
FY2023▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2021$407K
FY2022$765K
FY2023$1.2M
FY2024$931K
FY2024$1.1M
Expenses
$1.3M
FY2023▲ +75%
Tap a bar for its year
Expenses by fiscal year
FY2021$297K
FY2022$734K
FY2023$1.3M
FY2024$1.0M
FY2024$1.1M
Net assets
$93K
FY2023▼ -50%
Tap a bar for its year
Net assets by fiscal year
FY2021$154K
FY2022$185K
FY2023$93K
FY2024$23K
FY2024$21K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $155K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
CEO (thru Oct-22)
$101,761Pt VII · Sec A
Executive Director
$53,272Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (thru July-23)
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Annie Coakley$123,750$73,333$53,272——
Eric Wagner——$101,761$113,906$86,149

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes Western Cook County communities and businesses to visitors.

Questions for Visit Oak Park

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

Visit oak park (vop), an illinois not-for-profit organization, is the state-certified convention and visitors bureau for western cook county, representing the communities of bellwood, berkeley, broadview, brookfield, elmwood park, forest park, franklin park, hillside, maywood, melrose park, northlake, north riverside, oak park, river…

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $282K · 2022–2022
Village of Oak ParkFY2022$281,525

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$25
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Owns and owesPt X
$93K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$272K
LiabilitiesLn 26$179K
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$25
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$119K
Other assetsLn 15$675
Total assetsLn 16$272K
LiabilitiesLn 26$179K
Net assetsLn 32$93K
OperationsPt I, VI
EmployeesI 52
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$117K$119K
Total assetsLn 16$250K$272K
LiabilitiesLn 26$65K$179K
Net assetsLn 32$185K$93K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$282K
Pay of current officers, directors and key staffLn 5$54K
Other salaries and wagesLn 7$93K
Pension plan contributionsLn 8$3K
Other employee benefitsLn 9$15K
Payroll taxesLn 10$11K
Accounting feesLn 11c$68K
Other fees for servicesLn 11g$64K
Advertising and promotionLn 12$616K
Office expensesLn 13$22K
Information technologyLn 14$32K
OccupancyLn 16$10K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$590
InsuranceLn 23$6K
Total functional expensesLn 25$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $931K$1.0M−$70K$23K 990 PDF
FY2023 Viewing $1.2M$1.3M−$92K$93K 990 PDF
FY2022 $765K$734K$31K$185K 990 PDF
FY2021 $407K$297K$109K$154K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,189,180 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $764,447$1,189,155
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $123$25
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $764,570$1,189,180
I-13 Grants and similar amounts paidPrior year $0$281,525
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $169,379$175,847
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $564,228$823,605
I-18 Total expensesPrior year $733,607$1,280,977
I-19 Revenue less expensesPrior year $30,963−$91,797
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,189,180 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,189,155
VIII-1h Total contributions, gifts and grants$1,189,155
VIII-3 Investment incomeExcluded from tax $25$25
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $25$1,189,180
Part IX · Statement of functional expenses $1,280,977 across 15 lines filed
IX-1 Grants to domestic organizations$281,525
IX-5 Pay of current officers, directors and key staff$53,979
IX-7 Other salaries and wages$92,815
IX-8 Pension plan contributions$3,235
IX-9 Other employee benefits$14,589
IX-10 Payroll taxes$11,229
IX-11c Accounting fees$67,597
IX-11g Other fees for services$63,618
IX-12 Advertising and promotion$615,720
IX-13 Office expenses$21,506
IX-14 Information technology$32,398
IX-16 Occupancy$10,041
IX-17 Travel$6,411
IX-19 Conferences, conventions and meetings$590
IX-23 Insurance$5,724
IX-25 Total functional expenses$1,280,977
Part X · Balance sheet $271,676 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $116,778$115,844
X-2 Savings and temporary cash investments$3,113
X-3 Pledges and grants receivable$145,927
X-9 Prepaid expenses and deferred chargesStart of year $132,250$6,117
X-15 Other assetsStart of year $675$675
X-16 Total assetsStart of year $249,703$271,676
X-17 Accounts payable and accrued expensesStart of year $167$122,937
X-19 Deferred revenueStart of year $65,000$56,000
X-26 Total liabilitiesStart of year $65,167$178,937
X-27 Net assets without donor restrictionsStart of year $184,536$92,739
X-32 Total net assets or fund balancesStart of year $184,536$92,739
X-33 Total liabilities and net assetsStart of year $249,703$271,676
Part XI · Reconciliation of net assets $92,739 net assets at year end
XI-1 Total revenue$1,189,180
XI-2 Total expenses$1,280,977
XI-3 Revenue less expenses−$91,797
XI-4 Net assets at start of year$184,536
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$92,739

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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