Crystal Lake Chamber of Commerce Foundation
Nonprofit profile at a glance
- EIN
- 203856701
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2012
- Location
- Crystal Lake, IL, USA
- Phone
- 8154591300
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $19,955
- Expenses
- $21,715
- Assets
- $7,859
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- MICHAEL WINNECKE (PRESIDENT)
- MICHELLE KIDD (VICE PRESIDENT)
People named in this filing
- MICHAEL WINNECKE (PRESIDENT)
- MICHELLE KIDD (VICE PRESIDENT)
- JACLYNN POSTELNICK (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide financial and educational resources.
What it reported doing in 2024
Preparing leaders for tomorrow is a Foundation priority. The Foundation administers a variety of scholarships for leading development to prepare emerging leaders for the future advancement of the business community.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 100
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99%; rating input score 99
- Program expense ratio: 91%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -8.8%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 4% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 99% of revenue deployed · 91% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $20K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.