2025-10-31T14:41:16-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2024-01-01 362031370 DIXON CHAMBER OF COMMERCE AND MAIN STREET INC DIXO 8152843361 87 S HENNEPIN AVE DIXON IL 61021 AMANDA WIKE EXECUTIVE DIRECTOR 8152843361 2025-10-28 1 1 ANDREW SMITH CPA P01518894 3096714500 2025-10-28 2024 2025-03-06 01:10:19Z AMANDA WIKE 87 S HENNEPIN AVE DIXON IL 61021 852579 0 X WWW.DISCOVERDIXON.COM X 1915 IL PROMOTING ECONOMIC DEVELOPMENT, CULTURAL PROGRAMS, CIVIC ENGAGEMENT AND HISTORIC PRESERVATION. 12 12 7 200 0 0 217332 259049 464335 538629 9013 14682 11934 18750 702614 831110 11909 8042 0 0 350952 321594 0 0 0 286166 468023 649027 797659 53587 33451 689422 707898 95789 80814 593633 627084 FOR THE BETTERMENT AND GROWTH OF DIXON, THE DIXON CHAMBER OF COMMERCE AND MAIN STREET ADVOCATES FOR OUR BUSINESSES, COMMUNITY, AND VISITORS BY PROMOTING ECONOMIC DEVELOPMENT, CULTURAL PROGRAMS, CIVIC ENGAGEMENT AND HISTORIC PRESERVATION. 0 0 THE ORGANIZATION PROVIDES ECONOMIC DEVELOPMENT ASSISTANCE IN THE COMMUNITY AND SURROUNDING LEE COUNTY. IT ALSO FOSTERS RETENTION AND PROMOTES EXPANSION OF THE AREA'S BUSINESS BASE. IN ADDITION, THE ORGANIZATION HAS ENTERED INTO AN AGREEMENT WITH THE CITY OF DIXON FOR SERVICES RELATED TO OPERATING AND MANAGING THE DIXON RIVERFRONT, AS WELL AS MARKETING, PROMOTION, AND TOURISM RELATED EVENTS. THE ORGANIZATION PROVIDES NUMEROUS BENEFITS TO ITS MEMBERS AND THE DIXON COMMUNITY, WHICH INCLUDE LEGISLATIVE ADVOCACY, BUSINESS NETWORKING OPPORTUNITIES, PROMOTIONAL OPPORTUNITIES, BUSINESS INFORMATION AND EDUCATION, COMMUNICATIONS, REFERRALS, BUSINESS DEVELOPMENT, AND COMMUNITY EVENTS. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 7 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X AMANDA WIKE 8152843361 87 S HENNEPIN AVE DIXON IL 61021 BRITNI DVORAK DIRECTOR 2.00 X 0 0 0 RYAN MILLER IMMED. PAST CHAIR 2.00 X X 0 0 0 NIKKI LOVETT DIRECTOR 2.00 X 0 0 0 MANDY HINKEY CHAIR 2.00 X X 0 0 0 KENT SORENSON TREASURER/1ST VICE CHAIR 2.00 X X 0 0 0 SCOTT BROWN SECRETARY 2.00 X X 0 0 0 KELLY SHROYER DIRECTOR 2.00 X 0 0 0 BRITTANY SHANNON DIRECTOR 2.00 X 0 0 0 MATT COLE DIRECTOR 2.00 X 0 0 0 STEPHENI CHANDLER DIRECTOR 2.00 X 0 0 0 ERIC FIESSINGER 2ND VICE CHAIR 2.00 X X 0 0 0 GREG GATES DIRECTOR 2.00 X 0 0 0 AMANDA WIKE EXECUTIVE DIRECTOR 45.00 X 89050 0 0 89050 0 0 0 0 0 0 0 10345 140516 108188 1904 259049 PROMOTION AND MANAGEME 900099 371500 371500 MEMBERSHIP DUES 900099 129711 129711 COMMUNITY EVENTS 900099 37418 37418 538629 15102 15102 1800 0 1800 1800 1800 420 -420 -420 -420 26550 10345 18770 7780 7780 6989 2279 4710 4710 MISCELLANEOUS 900099 4460 4460 4460 831110 544889 0 27172 X 8042 89050 198829 8176 3224 22315 11 29502 194229 30614 7371 4838 23128 11003 19082 15305 COMMUNITY EVENTS EXPENS 96570 MISCELLANEOUS 17942 DUES AND SUBSCRIPTIONS 4962 DIRECT PROGRAM EXPENSE 4020 9446 797659 438 758 516590 467254 0 35299 9788 8939 9627 17450 196429 50231 107844 146198 45135 32000 689422 707898 5914 14017 35812 34583 54063 32214 95789 80814 X 541454 627084 52179 0 593633 627084 689422 707898 33451 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 X 21400 21400 81706 12998 68708 21167 21029 138 72156 16204 55952 146198 OTHER LIABILITIES 213 LEASE LIABILITY 28202 PAYABLE - FUNDS HELD FOR OTHERS 3799 32214 X 852159 0 852159 -21049 -21049 831110 818708 21049 21049 797659 0 797659 PART IV, LINE 2B: THE ORGANIZATION HAS FUNDS HELD FOR OTHERS REPORTED ON ITS BALANCE SHEET. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND AS SUCH, IS NOT LIABLE FOR INCOME TAXES. THE ORGANIZATION IS CLASSIFIED BY THE IRC AS OTHER THAN A PRIVATE FOUNDATION. THE CHAMBER ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES UNDER THE AUTHORITATIVE GUIDANCE ISSUED BY FINANCIAL ACCOUNTING STANDARDS BOARD (FASB). THE CHAMBER USES A THRESHOLD OF MORE-LIKELY THAN-NOT TO BE SUSTAINED UPON EXANIMATION TO ACCOUNT FOR UNCERTAINTY INCOME TAXES. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE CHAMBER CONDUCTS BUSINESS SOLELY IN THE U.S. AND, AS A RESULT, FILES FEDERAL AND ILLINOIS TAX RETURNS. IN THE NORMAL COURSE OF BUSINESS THE CHAMBER IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PRESENTLY, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE TAX AUTHORITIES THAT THE CHAMBER CURRENTLY FILES OR HAS FILED WITH. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,279. DIRECT FUNDRAISING EXPENSES -18,770. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,279. DIRECT FUNDRAISING EXPENSES 18,770. GALA EVENT 21220 10345 10875 1833 7971 850 1119 BANNER FUNDRAISER 15675 15675 6997 36895 10345 26550 1833 7971 850 8116 18770 7780 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON, VICE-CHAIRPERSON, SECOND VICE-CHAIRPERSON, TREASURER SECRETARY, IMMEDIATE PAST CHAIRPERSON, AND THE PRESIDENT/CEO. IT SHALL EXERCISE THE POWERS OF THE BOARD WHENEVER EMERGENCIES REQUIRE ACTION BETWEEN MEETINGS AND SHALL REPORT TO THE NEXT MEETING OF THE BOARD. THE BOARD SHALL HAVE THE POWER TO CREATE SUCH ADMINISTRATIVE COMMITTEES, COUNCILS, OR OTHER WORKING GROUPS AS IT MAY FROM TIME TO TIME DEEM ADVISABLE FOR THE EFFICIENT OPERATION OF THE CORPORATION. IF AND WHEN SUCH COMMITTEES, COUNCILS, OR OTHER WORKING GROUPS ARE CREATED, THE BOARD SHALL DEFINE THE SCOPE OF THEIR WORK AT THE TIME OF THEIR CREATION. IT SHALL ALSO APPROVE THE CREATION OF SPECIALIZED COMMITTEES, COUNCILS, OR OTHER WORKING GROUPS AS MAY BE REQUIRED TO ACHIEVE THE OBJECTIVES AND PROGRAM OF WORK OF THE CHAMBER. FORM 990, PART VI, SECTION A, LINE 6 PER THE ORGANIZATION'S BY LAWS THE ORGANIZATION HAS MEMBERS WHO ARE INDIVIDUALS OR BUSINESSES IN GOOD STANDING WITHIN THE COMMUNITY WHO PAY DUES BASED ON AN INVESTITURE SCHEDULE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD ARE NOMINATED BY A NOMINATION COMMITTEE CREATED BY THE BOARD. FULL BOARD MEMBERS OF THE CHAMBER ARE THEN ALLOWED TO VOTE FOR THE NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B TO MAINTAIN ITS STATUS AS A SECTION 501(C)(6) NOT-FOR-PROFIT BUSINESS ASSOCIATION, THE DIXON CHAMBER OF COMMERCE AND MAIN STREET, INC.(THE "CHAMBER") IS ANNUALLY REQUIRED TO FILE FORM 990 -RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WITH THE INTERNAL REVENUE SERVICE. PRIOR TO FILING FORM 990, THE PRESIDENT OF THE CHAMBER WILL DISTRIBUTE FORM 990, AS PREPARED BY ITS ACCOUNTANT, TO EACH MEMBER OF THE EXECUTIVE COMMITTEE OF BOARD OF DIRECTORS (THE "EXECUTIVE COMMITTEE"). AFTER RECEIVING A COPY OF FORM 990, THE EXECUTIVE COMMITTEE SHALL DISCUSS THE PREPARED FORM 990, AND EACH MEMBER WILL BE GIVEN AN OPPORTUNITY TO ASK QUESTIONS OR RAISE CONCERNS. FORM 990 SHALL ONLY BE FILED AFTER A MAJORITY VOTE OF THE EXECUTIVE COMMITTEE AUTHORIZES THE FILING OF THE SAME. IN ADDITION, FORM 990 SHALL BE AVAILABLE FOR REVIEW AND INSPECTION BY THE OTHER MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD IS REQUIRED TO SIGN A STATEMENT AT THE BEGINNING OF THEIR TERM ACKNOWLEDGING UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY, AND ITS GOALS. IF THE BOARD BECOMES AWARE, OR HAS REASONABLE CAUSE TO SUSPECT A MEMBER HAS VIOLATED THE CONFLICT OF INTEREST POLICY IT SHALL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND ALLOW THE MEMBER TO EXPLAIN THE POSSIBLE VIOLATION. IF THE BOARD SO WARRANTS FURTHER INVESTIGATION, AND/OR DISCIPLINARY AND CORRECTIVE ACTION MAY RESULT. THE POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WHICH HAS BEEN DELEGATED BOARD POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. WHEN A PERSON IS DEEMED TO HAVE A CONFLICT, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE MINUTES OF THE BOARD AND ALL COMMITTEES WHICH HAVE BEEN DELEGATED BOARD POWERS SHALL CONTAIN THE PROCEEDINGS RESULTING FROM CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES ARE SET IN THE BUDGET PROCESS AND ARE COMPARED TO OTHER CHAMBER ASSOCIATIONS. ADDITIONALLY, SALARIES ARE COMPARED TO OTHER ECONOMIC DEVELOPMENT PROFESSIONALS. THIS PROCESS IS REVIEWED BY THE EXECUTIVE COMMITTEE AND PRESENTED TO THE FULL BOARD OF DIRECTORS AND DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 BECAUSE OF ITS STATUS AS A 501(C)(6) BUSINESS ASSOCIATION, THE DIXON CHAMBER OF COMMERCE AND MAIN STREET INC. (THE "CHAMBER") IS REQUIRED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS (COLLECTIVELY REFERRED TO HEREIN AS "PUBLIC DOCUMENTS") AVAILABLE TO THE PUBLIC. THE CHAMBER COMPLIES WITH THIS REQUIREMENT BY MAINTAINING THE PUBLIC DOCUMENTS AT ITS CORPORATE OFFICE. DURING NORMAL BUSINESS HOURS, THE PUBLIC DOCUMENTS ARE AVAILABLE AT THE AFOREMENTIONED ADDRESS FOR INSPECTION, PROVIDED THAT SUCH INSPECTION SHALL NOT UNREASONABLY INTERFERE WITH THE CHAMBER'S OPERATION OF ITS BUSINESS. THE CHAMBER SHALL TAKE ALL REASONABLE STEPS NECESSARY TO COOPERATE WITH ANYONE WISHING TO INSPECT THE PUBLIC DOCUMENTS. FORM 990, PART IX, LINE 11G TRAVEL AND TOURISM 194,229. FORM 990, PART IX, LINE 24E RIVERFRONT EXPENSE 2,881. FINANCIAL SERVICES 2,803. REAL ESTATE TAXES 1,895. BOARD MEETING EXPENSE 1,867. FORM 990, PART XII, LINE 2C: NO CHANGES TO THE PROCESS FROM PRIOR YEAR.