Sullivan Chamber & Economic Development
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Sullivan Chamber & Economic Development is a 501(c)(6) organization based in Sullivan, Illinois, registered in 1974, with $243,232 in FY2024 revenue. CharityIndex grades it C+.
Po Box 234, Sullivan, IL, 61951 EIN 37-0617848 Since 1974
Revenue (FY2024)
$243K
▲ 49.2% vs prior year
Expenses (FY2024)
$300K
Net assets
$326K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Sullivan Chamber & Economic Development— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating13 mo reserves · -23% 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 Sullivan Chamber & Economic Development: 13 mo reserves · -23% margin earns a C+ 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 Sullivan Chamber & Economic Development— 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 Sullivan Chamber & Economic Development: 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 $115K (FY2010) to $243K (FY2024) across 15 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $46KNet assets $326K
Operating margin
-23.2%
Spent more than it raised in the latest fiscal year.
Total assets
$373K
Total liabilities
$46K
Net assets
$326K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $243,232▲49.2% | $299,647▲14.3% | $326,293▼14.7% | $372,557▼13.4% | 990 |
| 2023 | $163,065▼71.7% | $262,273▲68.8% | $382,708▼20.6% | $430,138▼18.8% | 990 |
| 2022 | $576,905▲242% | $155,391▲3.9% | $481,916▲698% | $529,890▲380% | 990 |
| 2021 | $168,717▲4.2% | $149,542▼15.8% | $60,402▲46.5% | $110,302▲21.0% | 990 |
| 2020 | $161,938▼6.7% | $177,588▲2.8% | $41,227▼27.5% | $91,127▲60.2% | 990 |
| 2019 | $173,601▲13.5% | $172,682▲3.2% | $56,877▲1.6% | $56,877▲1.6% | 990 |
| 2018 | $152,987▲23.3% | $167,255▲42.6% | $55,958▼20.3% | $55,958▼20.3% | 990 |
| 2017 | $124,060▲13.1% | $117,262▲8.9% | $70,226▲10.7% | $70,226▲10.7% | 990EZ |
| 2016 | $109,648▼18.1% | $107,659▼23.9% | $63,428▲3.2% | $63,428▲3.2% | 990EZ |
| 2015 | $133,834▼7.3% | $141,545▲3.7% | $61,439▼11.2% | $61,439▼11.2% | 990EZ |
| 2014 | $144,365▲25.6% | $136,530▲7.5% | $69,150▲12.8% | $69,150▲12.8% | 990EZ |
| 2013 | $114,900▼6.7% | $127,008▼10.3% | $61,315▼16.5% | $61,315▼16.5% | 990EZ |
| 2012 | $123,161▼2.1% | $141,539▲21.2% | $73,423▼20.0% | $73,423▼20.0% | 990EZ |
| 2011 | $125,749▲9.5% | $116,762▼0.6% | $91,801▲10.9% | $91,801▲10.9% | 990EZ |
| 2010 | $114,862 | $117,419 | $82,814 | $82,814 | 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 Sullivan Chamber & Economic Development a legitimate nonprofit?
- Yes. Sullivan Chamber & Economic Development is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 37-0617848, based in Sullivan, Illinois.
- What is Sullivan Chamber & Economic Development's EIN?
- Sullivan Chamber & Economic Development's Employer Identification Number (EIN) is 37-0617848.
- How much revenue does Sullivan Chamber & Economic Development report?
- Sullivan Chamber & Economic Development reported $243,232 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sullivan Chamber & Economic Development have?
- CharityIndex grades Sullivan Chamber & Economic Development C+, based on financial health (reserves and operating margin).
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Data for Sullivan Chamber & Economic Development (EIN 37-0617848) 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.