2023-11-15T18:37:25-05:00 2022-12-31 300003878 BENNING GROUP LLC 6815 WEAVER RD STE 300 ROCKFORD IL 611148060 990 2022-01-01 361695170 ROCKFORD CHAMBER OF COMMERCE ROCK 8159878100 308 W STATE STREET SUITE 350 ROCKFORD IL 61101 JEAN CROSBY VICE CHAIR 8153164316 2023-11-15 JEAN CROSBY 999009999 false CURTIS D KLECKLER P00641247 8153162375 2023-11-15 2022 2023-04-26 12:10:37Z JEAN CROSBY 308 W STATE STREET SUITE 350 ROCKFORD IL 61101 1330871 false X WWW.ROCKFORDCHAMBER.COM X 1910 IL PROMOTION OF ECONOMIC GROWTH, ADVOCATING FOR THE INTERESTS OF BUSINESS AND PROVIDING SERVICE AND EDUCATION OPPORTUNITIES THAT HELP OUR MEMBERS GROW 28 27 16 27 215019 274958 79886 863782 1013718 1150 109 484421 237158 1624311 1330871 18099 0 0 848769 854708 0 0 598829 694804 1465697 1549512 158614 -218641 716585 411780 483256 392241 233329 19539 X THE ROCKFORD CHAMBER OF COMMERCE DELIVERS BENEFIT TO THE COMMUNITY BY LEADING IN THE PROMOTION OF ECONOMIC GROWTH, ADVOCATING FOR THE INTERESTS OF BUSINESS AND PROVIDING SERVICE AND EDUCATION OPPORTUNITIES THAT HELP OUR MEMBERS GROW. false false THE ROCKFORD CHAMBER IS A NOT-FOR-PROFIT BUSINESS ASSOCIATION WHOSE ACTIVITIES ARE DIRECTED TOWARDS ENHANCING THE ECONOMIC VITALITY OF ITS MEMBERS THROUGH BUSINESS ADVOCACY, EDUCATIONAL PROGRAMS AND HOSTING OF VARIOUS SPECIAL EVENTS TO HELP BUSINESSES CONNECT WITH EACH OTHER. false true false true true false false false true true false false true false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 17 0 16 true true true false false false false false false false X 28 27 false false true false true false false true true false false true true true true true true false false false X X DOUG RAND 8159878100 308 W STATE STREET SUITE 350 ROCKFORD IL 61101 EINAR FORSMAN PRESIDENT 37.50 X X 218303 0 18915 CAITLIN PUSATERI PRESIDENT 37.50 X X 125467 0 15222 LAVONNE BROWN DIRECTOR 4.00 X 0 0 0 SAMUEL CASTREE DIRECTOR 4.00 X 0 0 0 LESLY COUPER DIRECTOR 4.00 X 0 0 0 JEAN CROSBY VICE CHAIR 4.00 X X 0 0 0 DOUG CURRY DIRECTOR 4.00 X 0 0 0 DON DANIELS DIRECTOR 4.00 X 0 0 0 REBECCA EPPERSON DIRECTOR 4.00 X 0 0 0 CAROL FRIESEN DIRECTOR 4.00 X 0 0 0 ERIC FULCOMER DIRECTOR 4.00 X 0 0 0 IRA GRIMMETT DIRECTOR 4.00 X 0 0 0 JOHN GROH DIRECTOR 4.00 X 0 0 0 TIM HONQUEST DIRECTOR 4.00 X 0 0 0 MICHAEL IASPARRO DIRECTOR 4.00 X 0 0 0 CARLY LAMONICA DIRECTOR 4.00 X 0 0 0 KRIS MACHAJEWSKI DIRECTOR 4.00 X 0 0 0 CHRISTINA VALDEZ PEACOCK DIRECTOR 4.00 X 0 0 0 JOEL PRAH DIRECTOR 4.00 X 0 0 0 NICOLE RADFORD DIRECTOR 4.00 X 0 0 0 DAN ROSS CHAIR 4.00 X X 0 0 0 DENISE SASSE DIRECTOR 4.00 X 0 0 0 PETER SCHMELING DIRECTOR 4.00 X 0 0 0 JOHN SCHUSTER TREASURER 4.00 X X 0 0 0 BRENT SCOTT DIRECTOR 4.00 X 0 0 0 TERESA SHARP DIRECTOR 4.00 X 0 0 0 DR ALEX STAGNARO-GREEN DIRECTOR 4.00 X 0 0 0 KARL SWANSON DIRECTOR 4.00 X 0 0 0 DUSTIN VOCK DIRECTOR 4.00 X 0 0 0 ROBERT YOUNG DIRECTOR 4.00 X 0 0 0 343770 34137 2 false true false 79886 79886 MEMBERSHIP DUES 632065 632065 EVENTS AND MEETINGS 377996 377996 COUNCIL AND COMMITTEE MEETING 3657 3657 1013718 109 109 THE VOICE 541800 133709 133709 MEMBERSHIP DIRECTORY 541800 38555 38555 MISCELLANEOUS INCOME 22139 22139 42755 42755 237158 1330871 1013718 215019 22248 X 377907 346266 17162 50397 62976 26673 195986 128301 12417 101509 16513 125069 7833 10540 REPAIRS AND MAINTENANCE 14151 BANKING FEES 13575 BAD DEBT EXPENSE 8914 DUES AND SUBSCRIPTIONS 5483 27840 1549512 0 0 0 365448 64833 36207 119527 70799 152811 28211 18397 499414 477042 12006 22372 203914 33840 716585 411780 64516 48323 418740 343918 483256 392241 X 198276 -9766 35053 29305 233329 19539 716585 411780 -218641 -6277 11128 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false 35053 -4278 1208 260 29305 31531 4899 1108 269 35053 28170 3706 345 31531 24757 4663 1054 196 28170 27591 -1592 1038 204 24757 0.63000 0.37000 true false 245519 245519 253895 231523 22372 22372 ASSETS HELD IN TRUST 33840 33840 X 1324594 -6277 -6277 1330871 1330871 1549512 1549512 1549512 SCHEDULE D, PAGE 2, PART V, LINE 4 DISTRIBUTABLE INCOME FROM THE FUND LESS USUAL AND CUSTOMARY FEES ARE TO BE DISTRIBUTED TO THE CHAMBER ANNUALLY AND MAY BE USED FOR OPERATIONS. SCHEDULE D, PAGE 3, PART X THE CHAMBER IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). AS A RESULT, THERE IS NO PROVISION FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. THE CHAMBER IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME. DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021, NO PAYMENTS FOR UNRELATED BUSINESS INCOME TAX WERE REQUIRED. MANAGEMENT OF THE CHAMBER HAS EVALUATED FOR AND DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022. THE CHAMBER IS SUBJECT TO INFORMATIONAL REPORTING REQUIREMENTS IN THE UNITED STATES FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGEMENT TO APPLY. TAX RETURNS REMAIN OPEN FOR FEDERAL AND STATE EXAMINATION FOR THE PAST THREE YEARS. AT DECEMBER 31, 2022, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAXING AUTHORITIES THE CHAMBER CURRENTLY FILES, OR HAS FILED, WITH. false false false EINAR FORSMAN PRESIDENT 218303 9863 9052 237218 FORM 990 - ORGANIZATION'S MISSION THE ROCKFORD CHAMBER OF COMMERCE DELIVERS BENEFIT TO THE COMMUNITY BY LEADING IN THE PROMOTION OF ECONOMIC GROWTH, ADVOCATING FOR THE INTERESTS OF BUSINESS AND PROVIDING SERVICE AND EDUCATION OPPORTUNITIES THAT HELP OUR MEMBERS GROW. FORM 990, PAGE 6, PART VI, LINE 4 JOINT VENTURE : IN MAY OF 2019, THE LEADERSHIP OF THE CHAMBER AND THE ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL (COUNCIL) CREATED A UNIFICATION TASK FORCE. THE TASK FORCE WAS CHARGED WITH EVALUATING HOW THE COUNCIL MIGHT ENHANCE ENGAGEMENT AMONG BUSINESS LEADERS AND HAVE A STRONGER LONG- TERM IMPACT ON THE COMMUNITY. THE RESULTS OF EVALUATING LEADING ORGANIZATIONAL PRACTICES WAS THE APPROVAL FOR FURTHER EXPLORING UNIFICATION OF THE CHAMBER AND THE COUNCIL UNDER AN UMBRELLA PARTNERSHIP. IN NOVEMBER OF 2019, EY ECONOMIC DEVELOPMENT ADVISORY SERVICES (EY) WAS ENGAGED TO FACILITATE CONSIDERATIONS RELATED TO GOVERNANCE, ORGANIZATIONAL SETUP, FUNDING MODEL, PRIORITIES, AND PERFORMANCE METRICS UNDER A UNIFIED MODEL. IN JUNE OF 2020, EY PRESENTED THE RESULTS OF THE UNIFICATION RESEARCH AND PLAN TO THE TASK FORCE AND RECEIVED APPROVAL FROM THE BOARD OF DIRECTORS OF BOTH THE CHAMBER AND THE COUNCIL. UNDER THE PLAN, THE CHAMBER AND THE COUNCIL WILL FORMALLY ESTABLISH THE GREATER ROCKFORD GROWTH PARTNERSHIP (GRGP) AS A 501C(6) NON-PROFIT AND BEGIN THE INITIAL IMPLEMENTATION STEPS IN THE FIRST QUARTER OF 2021, PROGRESSING THROUGHOUT 2021 SO THAT EVERYTHING IS IN PLACE AND OPERATIONAL FOR 2022. FORM 990, PAGE 6, PART VI, LINE 6 CHAMBER OF COMMERCE (A BUSINESS LEAGUE/MEMBERSHIP ORGANIZATION) MEMBERS DO NOT HAVE VOTING AUTHORITY. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS HAS GIVEN AUTHORITY TO THE EXECUTIVE COMMITTEE TO REVIEW THE 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD MEMBER MUST COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER OUTSIDE FEES 195,986 0 0