Chicago Area Gay and Lesbian Chamber of Commerce EIN 36-4062617

Chicago Area Gay and Lesbian Chamber of Commerce

EIN  36-4062617 Business league / trade association Chicago, IL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers LGBT businesses and promotes equality through advocacy and resources.
Leadership
Matt Phillips · Board Chair President
Money in and out
$207K revenue, $175K expenses
Bottom line
+16% operating surplus

Empowers LGBT businesses and promotes equality through advocacy and resources. For fiscal year 2020 it reported $207K in revenue, $175K in expenses, and $69K in net assets.Pt I

Membership & operating revenue · FY2020
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $32K
Where spending went · Part IX cols B–D
Program services $0.26 Management & general $0.55 Fundraising $0.19
Operating surplus
+16%
revenue over expenses
Earned revenue
56%
of revenue from program services & dues
Payroll share
56%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$77K
Program-expense ratioPt IX · col B26%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $45K of program spending, described in the organization's own filed words · FY2020.
01

B2B breakfast and lunch networking events that bring together LGBTQ+ business owners, professionals, and allies to build relationships, share referrals, and support local businesses. Each event supports the growth of 30 - 50 business owners and professionals

$45Kprogram expense
02

Winter Event

The winter soiree celebrates the annual accomplishments of the LGBTCC, our members, and corporate partners. Each year 100 - 150 LGBTQ+ business owners, professionals, and allies come together to celebrate this work.

Pt IX · col B
03

Mix & Mingle

The mix and mingle is an evening networking event where 50-75 LGBTQ+ business owners, professionals, and allies come together to build relationships, share referrals, and support local businesses.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChicago Area Gay and Lesbian Chamber of Commerce
EINHdr · item D36-4062617
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jlgbtcc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70)
Ruling yearIRS BMFFeb 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair/Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Chicago Area Gay and Lesbian Chamber of Commerce executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$116K · 56%
Contributions & grants$91K · 44%
Program service revenue56%$116K
Contributions & grants44%$91K
Other revenue$572
— government grantsLn 1e$35K
Total revenueLn 12$207K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.26 Management & general $0.55 Fundraising $0.19
Program services26%$45K
Management & general55%$97K
Fundraising19%$33K
Total functional expensesLn 25$175K

Balance Sheet

Part X · end of year
CashLn 1$77K
Total assetsLn 16$77K
Total liabilitiesLn 26$8K
Total net assetsLn 32$69K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $77K · Operating expenses/yr $175K
5.3 months
Where the money goes
Program services
Program services $45K · Total expenses $175K
26%
Management & General
Management & general $97K · Total expenses $175K
55%
Fundraising
Fundraising $33K · Total expenses $175K
19%
Cost to raise $1
Fundraising expense $33K · Solicited contributions $56K
$0.59 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $91K · Total revenue $207K
44%
Government reliance
Government grants $35K · Total revenue $207K
17%
Earned-income share
Program service revenue $116K · Total revenue $207K
56%
Investment reliance
Investment income $0 · Total revenue $207K
0%
Program self-sufficiency
Program service revenue $116K · Total expenses $175K
66%
Growth & trend
Revenue growth (YoY)
This year $207K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $69K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $207K · Expenses $175K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $77K
Net-asset ratio
Net assets $69K · Total assets $77K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $77K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matt Phillips · Reported title BOARD CHAIR PRESIDENT · Highest reported compensation $0 · Total expenses $175K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $99K · Total expenses $175K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 26%
Overhead ratio 55%
Fundraising cost ratio 37%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2020 (Latest)$207K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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