Melrose Park Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 362591607
- IRS 990-EZ coverage
- 2016–2016
- Forms available
- Form 990-EZ 2016, Form 990-N 2011
- Location
- Melrose Park, IL, USA
- Phone
- 7083381007
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $12,475
- Expenses
- $24,474
- Assets
- $5,021
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- RICHARD BATTAGLIA (PRESIDENT/TR)
People named in this filing
- RICHARD BATTAGLIA (PRESIDENT/TR)
- KEITH CARRIZOSA (VICE PRESIDE)
- KIM NGUYEN (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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The melrose park chamber of commerce is a volunteer organization made of various professionals dedicated exclusively to providing continuing education and student scholarships that translate directly into greater employment. It seeks to grow local economic opportunities through small business development education, job opportunities, and educational scholarships by providing continuing educational workshops to small business owners & employees as well as high school and college scholarships to students. In addition to its endeavors in education and small business growth, the chamber reaches out directly to new residents through its support of the melrose park hispanic welcoming center, the first of its kind in the nation.
What it reported doing in 2016
Scholarship program to support local community
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 20
- Transparency & Controls: 82
- Sustainability: 15
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24%; rating input score 24
- Program expense ratio: 12.3%; rating input score 12
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -96.2%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 16; 16th 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: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 24% of revenue deployed · 12.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Mission deployment rate scored 24/100.
- High — Financial Efficiency: Program expense ratio scored 12/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.