Lake County Illinois Convention & Visitors Bureau
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Lake County Illinois Convention & Visitors Bureau is a 501(c)(6) organization based in Gurnee, Illinois, registered in 1986, with $2,594,999 in FY2024 revenue. CharityIndex grades it B.
5465 Grand Ave Ste 100, Gurnee, IL, 60031 EIN 36-3344874 Since 1986
Revenue (FY2024)
$2.6M
▼ 3.2% vs prior year
Expenses (FY2024)
$2.4M
Net assets
$1.9M
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 Lake County Illinois 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 rating10 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 Lake County Illinois Convention & Visitors Bureau: 10 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 Lake County Illinois 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 Lake County Illinois 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 $1.8M (FY2017) to $2.6M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $305KNet assets $1.9M
Operating margin
8.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$305K
Net assets
$1.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,594,999▼3.2% | $2,379,419▼6.6% | $1,885,698▲12.9% | $2,190,444▲22.9% | 990 |
| 2023 | $2,680,848▲17.9% | $2,546,815▲13.3% | $1,670,118▲8.7% | $1,782,008▲7.4% | 990 |
| 2022 | $2,273,777▲9.9% | $2,248,527▲38.3% | $1,536,085▲1.7% | $1,658,735▲7.3% | 990 |
| 2021 | $2,068,670▲29.3% | $1,625,409▲11.5% | $1,510,835▲35.8% | $1,545,455▲25.4% | 990 |
| 2020 | $1,600,265▲9.1% | $1,457,208▼12.8% | $1,112,183▲14.8% | $1,232,678▼7.9% | 990 |
| 2019 | $1,466,923▼32.2% | $1,671,140▼15.7% | $969,126▼17.4% | $1,337,955▲2.1% | 990 |
| 2018 | $2,164,146▲22.1% | $1,982,106▲16.4% | $1,173,343▲64.7% | $1,310,621▲65.4% | 990 |
| 2017 | $1,771,927 | $1,703,229 | $712,363 | $792,215 | 990 |
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 Lake County Illinois Convention & Visitors Bureau a legitimate nonprofit?
- Yes. Lake County Illinois Convention & Visitors Bureau is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 36-3344874, based in Gurnee, Illinois.
- What is Lake County Illinois Convention & Visitors Bureau's EIN?
- Lake County Illinois Convention & Visitors Bureau's Employer Identification Number (EIN) is 36-3344874.
- How much revenue does Lake County Illinois Convention & Visitors Bureau report?
- Lake County Illinois Convention & Visitors Bureau reported $2,594,999 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lake County Illinois Convention & Visitors Bureau have?
- CharityIndex grades Lake County Illinois Convention & Visitors Bureau B, based on financial health (reserves and operating margin).
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Data for Lake County Illinois Convention & Visitors Bureau (EIN 36-3344874) 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.