2024-11-05T10:32:58-08:00 2023-12-31 364583118 RINGOLD FINANCIAL MANAGEMENT SERVICES 850 S WABASH AVE STE 320 CHICAGO IL 60605 990 2023-01-01 824824489 GE CHAMBER FOUNDATION GECH 3127688573 825 W 69TH STREET 2ND F CHICAGO IL 60621 FELICIA SLATON-YOUNG Executive Director 2024-11-05 true true MICHELLE RINGOLD P00777179 7084785850 2023 2024-10-15 13:58:12Z 825 W 69TH STREET 2ND F CHICAGO IL 60621 301237 false X https://www.gechamber.com/gecf X 2018 IL THE GE CHAMBER FOUNDATION MISSION IS TO USE AN ASSET-BASED APPROACH TO EQUITABLY FUND BLACK AND BROWN BUSINESSES, PLACING THEM AT THE CENTER OF THE SMALL BUSINESS ECOSYSTEM, BY ADVOCATING FOR CHANGES TO ECONOMIC DEVELOPMENT AND SERVING AS A TRUSTED, CREDITBLE, AND RELIABLE SOURCE OF SUPPORT RELEVANT TO THE INDIVIDUALIZED NEEDS OF SMALL BUSINESSES. THE GREATER ENGLEWOOD (GE) CHAMBER FOUNDATION IS THE SISTER ORGANIZATION OF THE GREATER ENGLEWOOD CHAMBER OF COMMERCE. 5 4 0 0 311762 285564 0 0 0 311762 285564 0 0 104335 217999 0 43956 94979 114467 199314 332466 112448 -46902 373210 303107 45408 22207 327802 280900 THE GE CHAMBER FOUNDATION MISSION IS TO USE AN ASSET-BASED APPROACH TO EQUITABLY FUND BLACK AND BROWN BUSINESSES, PLACING THEM AT THE CENTER OF THE SMALL BUSINESS ECOSYSTEM, BY ADVOCATING FOR CHANGES TO ECONOMIC DEVELOPMENT AND SERVING AS A TRUSTED, CREDITBLE, AND RELIABLE SOURCE OF SUPPORT RELEVANT TO THE INDIVIDUALIZED NEEDS OF SMALL BUSINESSES. THE GREATER ENGLEWOOD (GE) CHAMBER FOUNDATION IS THE SISTER ORGANIZATION OF THE GREATER ENGLEWOOD CHAMBER OF COMMERCE. false false 241930 THE GE CHAMBER FOUNDATION MISSION IS TO USE AN ASSET-BASED APPROACH TO EQUITABLY FUND BLACK AND BROWN BUSINESSES, PLACING THEM AT THE CENTER OF THE SMALL BUSINESS ECOSYSTEM, BY ADVOCATING FOR CHANGES TO ECONOMIC DEVELOPMENT AND SERVING AS A TRUSTED, CREDITBLE, AND RELIABLE SOURCE OF SUPPORT RELEVANT TO THE INDIVIDUALIZED NEEDS OF SMALL BUSINESSES. THE GREATER ENGLEWOOD (GE) CHAMBER FOUNDATION IS THE SISTER ORGANIZATION OF THE GREATER ENGLEWOOD CHAMBER OF COMMERCE. 241930 true false false false false false false false false false false false false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true true false false true true true true true true true false false IL X FELICIA SLATON-YOUNG 3127688573 825 W 69TH STREET 2ND FLOOR CHICAGO IL 60621 X FELICIA SLATON-YOUNG PRESIDENT&ED 40.00 0.00 X X 0 0 0 CIERA WHITAKER Director 2.50 0.00 X 0 0 0 RACHAEL TURNER Director 2.50 0.00 X 0 0 0 NANETTE TUCKER Director 2.50 0.00 X 0 0 0 MORGAN MALLONE Treasurer 2.50 0.00 X X 0 0 0 0 false false false 0 20367 5197 260000 285564 0 0 0 0 0 0 15673 20367 15673 0 0 0 0 285564 0 0 0 0 0 0 195718 142421 27421 25876 0 4538 3302 636 600 17743 12911 2486 2346 0 0 32002 23287 4484 4231 0 0 0 0 8727 6350 1223 1154 8689 6323 1217 1149 2696 1962 378 356 0 13831 10064 1938 1829 572 416 80 76 0 0 815 593 114 108 0 0 2313 1683 324 306 PROGRAM DISTRIBUTIONS 34825 25342 4879 4604 FUNDRAISING 3859 2808 541 510 BANK SERVICE CHARGES 2857 2079 400 378 MISCELLANEOUS EXPENSES 2182 1589 305 288 1099 800 154 145 332466 241930 46580 43956 302247 287932 0 1000 42184 0 0 0 0 0 1071 0 0 0 0 0 0 27708 14175 373210 303107 14526 9239 4330 26552 12968 45408 22207 X 327601 280900 201 327802 280900 373210 303107 -46902 X false true X true false X 5000 1025920 327841 311762 285564 1956087 0 0 5000 1025920 327841 311762 285564 1956087 0 1956087 0 0 0 1956087 1.00000 1.00000 X OPERATING LEASE LIABILITY 12968 12968 X 285564 285564 285564 332466 332466 332466 Part X : FIN48 Footnote The Organization is recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and State income taxes on related income. The Organization had no unrelated business income during fiscal years 2023 and 2022 and, therefore, no provision for federal or State income taxes has been made in the accompanying financial statements. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Organizations tax returns to determine whether the tax positions are more likely than not of being sustained when challenged or when examined by the applicable tax authority. For the years ended December 31, 2023 and December 31, 2022, management has determined that there were no material uncertain tax positions. false ENGLEWOOD'S GLOBAL VISION 36040 20367 15673 14473 1200 36040 20367 15673 14473 1200 15673 Form 990, Part VI, Section B, Line 11b EXECUTIVE DIRECTOR WILL CIRCULATE FORM 990 TO THE FINANCE COMMITTEE PRIOR TO FILING. Form 990, Part VI, Section C, Line 19 No documents available to the public.