Nacm Chicago Midwest

Not tax-deductible

Hoffman Est, IL501(c)(6)Since 1942EIN 36-6107865Revenue $331K in FY2026

On file with the IRSnacmchicago.org2500 W Higgins Rd Ste 780, 60169-7216 · Hoffman Est, ILTax-exempt since Jan 1944

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To provide a forum to members within the credit profession for education, networking and business resources.

Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
7 of 7
filings with a surplus
Average surplus $126K a year · 36% of revenue · last 7 filings
Looks good: a surplus in 7 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Liabilities
$1.5M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$331K
-7% vs prior year
Spent
$263K
Net assets
$2.0M
By yearFY2020–FY2026
Revenue
$331K
FY2026▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$421K
FY2021$339K
FY2022$327K
FY2023$352K
FY2024$345K
FY2025$355K
FY2026$331K
Expenses
$263K
FY2026▲ +0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$243K
FY2021$180K
FY2022$183K
FY2023$242K
FY2024$218K
FY2025$262K
FY2026$263K
Net assets
$2.0M
FY2026▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.8M
FY2022$1.8M
FY2023$1.9M
FY2024$1.8M
FY2025$1.9M
FY2026$2.0M

From the FY2026 Form 990 (year ending March 2026) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jan 1944.

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

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Nacm Chicago Midwest executive salaries →

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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

Educates members on credit management and commercial credit, fostering networking opportunities.

Questions for Nacm Chicago Midwest

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Education of members and the general public regarding credit management, fraud prevention, and commercial credit matters by conducting conferences, seminars and training, including the sale of books & publications; a forum for networking.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$331K
Ln 12
Gifts and grantsLn 1h$200K
Fees for servicesLn 2g$131K
Money outPt IX
$263K
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Total assetsLn 16$3.5M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Fees for servicesLn 2g$131K
Total revenueLn 12$331K
Assets in detailPt X, end of year
Other assetsLn 15$3.1M
Total assetsLn 16$3.5M
LiabilitiesLn 26$1.5M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderMarch
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 FY26End FY26
Total assetsLn 16$3.4M$3.5M
LiabilitiesLn 26$1.5M$1.5M
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$53K
Other employee benefitsLn 9$5K
Payroll taxesLn 10$4K
Accounting feesLn 11c$2K
Travel and entertainment for public officialsLn 18$69K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$121K
All other expensesLn 24e$6K
Total functional expensesLn 25$263K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $331K$263K$67K$2.0M 990 PDF
FY2025 $355K$262K$93K$1.9M 990 PDF
FY2024 $345K$218K$127K$1.8M 990 PDF
FY2023 $352K$242K$110K$1.9M 990 PDF
FY2022 $327K$183K$144K$1.8M 990 PDF
FY2021 $339K$180K$160K$1.8M 990 PDF
FY2020 $421K$243K$179K$1.1M 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 FY2026 990 (6 parts)
Part I · Summary $330,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,411$200,238
I-9 Program service revenuePrior year $150,327$130,539
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $354,738$330,777
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $58,855$62,157
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $202,687$201,300
I-18 Total expensesPrior year $261,542$263,457
I-19 Revenue less expensesPrior year $93,196$67,320
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $330,777 across 4 lines filed
VIII-1b Membership dues$200,238
VIII-1h Total contributions, gifts and grants$200,238
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $130,539$130,539
VIII-12 Total revenueRelated to mission $130,539 · Unrelated business $0 · Excluded from tax $0$330,777
Part IX · Statement of functional expenses $263,457 across 8 lines filed
IX-7 Other salaries and wages$52,904
IX-9 Other employee benefits$5,063
IX-10 Payroll taxes$4,190
IX-11c Accounting fees$1,956
IX-18 Travel and entertainment for public officials$69,442
IX-23 Insurance$3,348
IX-24 Other expenses (24a–d)$120,573
IX-24e All other expenses$5,981
IX-25 Total functional expenses$263,457
Part X · Balance sheet $3,510,473 assets, 11 lines filed
X-4 Accounts receivableStart of year $56,963$51,199
X-14 Intangible assetsStart of year $311,661$311,661
X-15 Other assetsStart of year $3,077,375$3,147,613
X-16 Total assetsStart of year $3,445,999$3,510,473
X-17 Accounts payable and accrued expensesStart of year $65,494$62,835
X-19 Deferred revenueStart of year $122,421$122,231
X-25 Other liabilitiesStart of year $1,322,479$1,277,460
X-26 Total liabilitiesStart of year $1,510,394$1,462,526
X-27 Net assets without donor restrictionsStart of year $1,935,605$2,047,947
X-32 Total net assets or fund balancesStart of year $1,935,605$2,047,947
X-33 Total liabilities and net assetsStart of year $3,445,999$3,510,473
Part XI · Reconciliation of net assets $2,047,947 net assets at year end
XI-1 Total revenue$330,777
XI-2 Total expenses$263,457
XI-3 Revenue less expenses$67,320
XI-4 Net assets at start of year$1,935,605
XI-9 Other changes in net assets$45,022
XI-10 Net assets at end of year$2,047,947

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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