Joliet Region Chamber of Commerce Foundation

Nonprofit profile at a glance

EIN
994246681
IRS 990-PF coverage
2024–2025
Forms available
Form 990-PF 2025
Location
Joliet, IL, USA
Phone
8157275371
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
Professional Societies, Associations

Reported finances

Revenue
$266,799
Expenses
$89,184

Source: IRS Form 990-PF. Selected filing: tax year 2025. Amounts in USD.

Overview

Mission

Professional Societies, Associations

What it reported funding in 2025

The foundation reported 24 filed grant rows totaling $46,000. The stated grant purposes included scholarship for student, scholarships for addison lowman student id 814465473nevaeh mcnealey student id xxx-xx-xxxx, and scholarshipsmadelyn warren student id 879164arielle tran student id 20834311jenna denardis student id 670990757addison lowman student id 814465473riley bryll student id 4111490vianney moreno student id 800440346rachel murr student id 901909ryerson walsh student id 897356linda i. lazo student id 909725rodolfo tanilo maldonado, jr. student id z2055449kelcie rainey student id 883789nevaeh mcnealey student id 813512908esme bryson student id e12738162jorgia smidl student id 814694katherine (eli) pearson student id 877682cohen lesniak student id 367431kevin trizna student id 886394camdyn kranz student id 882976jai hill student id 899221samantha hebrard flores student id l30078238saniya sherrod student id 800851988nayara rodriguez student id 1138470john daniel del rosario student id 669851874miley aguirre student id 0895552jessica guzman student id 0908636, plus 21 other reported purposes.

Operating model

Revenue model
Donor-supported. 79% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. A relatively small share of spending goes to grants and assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 56
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 26

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 86th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 56.4%; rating input score 56; 24th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Foundation activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Individual grants for travel, study or similar purposes: Pass
    • Grants outside qualifying charitable organization categories: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 8.24; rating input score 26; 26th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 26th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • 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.

  • Review — Cost Efficiency: Grant expense ratio scored 56/100.
  • High — Endowment Health: Endowment-health comparison scored 26/100.