Elgin Area Convention & Visitors Bureau
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Elgin Area Convention & Visitors Bureau is a 501(c)(6) organization based in Elgin, Illinois, registered in 1993, with $793,971 in FY2024 revenue. CharityIndex grades it B.
60 S Grove Ave, Elgin, IL, 60120 EIN 36-3341790 Since 1993
Revenue (FY2024)
$794K
▲ 19.1% vs prior year
Expenses (FY2024)
$727K
Net assets
$672K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Elgin Area Convention & Visitors Bureau— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elgin Area Convention & Visitors Bureau: 11 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Elgin Area Convention & Visitors Bureau— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elgin Area Convention & Visitors Bureau: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $356K (FY2009) to $794K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9,544Net assets $672K
Operating margin
8.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$682K
Total liabilities
$9,544
Net assets
$672K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $793,971▲19.1% | $727,126▲26.5% | $672,373▲11.0% | $681,917▲9.2% | 990 |
| 2023 | $666,911▲21.7% | $575,005▲21.1% | $605,528▲17.9% | $624,297▲15.7% | 990 |
| 2022 | $547,994▼2.3% | $474,810▲3.5% | $513,622▲16.6% | $539,383▲17.4% | 990 |
| 2021 | $560,662▲37.2% | $458,809▲76.7% | $440,438▲30.1% | $459,458▲26.0% | 990 |
| 2020 | $408,614▼23.8% | $259,582▼41.8% | $338,585▲78.6% | $364,746▲84.5% | 990 |
| 2019 | $536,519▲13.6% | $446,109▲7.2% | $189,553▲91.2% | $197,720▲82.1% | 990 |
| 2018 | $472,210▲8.1% | $415,979▼18.4% | $99,143▲131% | $108,606▲23.6% | 990 |
| 2017 | $436,769▼2.6% | $510,019▲25.6% | $42,912▼26.7% | $87,879▼37.3% | 990 |
| 2016 | $448,597▲10.2% | $406,025▲4.9% | $58,522▲226% | $140,126▲22.1% | 990 |
| 2015 | $406,907▼13.1% | $386,887▼9.0% | $17,941▲387% | $114,797▲36.1% | 990 |
| 2014 | $468,490▲32.0% | $424,959▼1.8% | -$6,244▲87.5% | $84,352▲255% | 990 |
| 2013 | $354,987 | $432,838▼10.3% | -$49,776▼277% | $23,741▼76.3% | 990 |
| 2012 | — | $482,552▲29.7% | $28,075▼48.2% | $100,212▲67.8% | 990 |
| 2011 | — | $372,122▲7.2% | $54,148▼41.0% | $59,734▼38.4% | 990 |
| 2010 | — | $347,106▼23.3% | $91,838▼19.0% | $96,904▼18.2% | 990 |
| 2009 | $355,728 | $452,365 | $113,392 | $118,488 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Elgin Area Convention & Visitors Bureau a legitimate nonprofit?
- Yes. Elgin Area Convention & Visitors Bureau is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 36-3341790, based in Elgin, Illinois.
- What is Elgin Area Convention & Visitors Bureau's EIN?
- Elgin Area Convention & Visitors Bureau's Employer Identification Number (EIN) is 36-3341790.
- How much revenue does Elgin Area Convention & Visitors Bureau report?
- Elgin Area Convention & Visitors Bureau reported $793,971 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Elgin Area Convention & Visitors Bureau have?
- CharityIndex grades Elgin Area Convention & Visitors Bureau B, based on financial health (reserves and operating margin).
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Data for Elgin Area Convention & Visitors Bureau (EIN 36-3341790) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.