World Business Chicago

Chicago, IL
Tax-exempt since Aug. 2000
EIN: 36-4313685

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$13.1M (2023)

Expenses

$13.5M (2023)

Total Assets

$11.7M (2023)

Total Liabilities

$3.99M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$13,132,683

Expenses

$13,484,230

Net Income

-$351,547

Net Assets

$7,689,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,401,001	94.4%
Program Services	$864,230	6.6%
Investment Income	$67,837	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$217,350
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$16,965	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,380,662	10.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,518,404	26.1%

Assets/Debt
Total Assets	$11,676,169
Total Liabilities	$3,986,591
Net Assets	$7,689,578

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Fassnacht (President & Ceo)	$484,575	$0	$28,794
Abin Kuriakose (Strategy & Innovation Chief)	$157,066	$0	$19,436
Kyle Schulz (Growth Chief)	$153,645	$0	$13,673
Carrie Simmons (Vp Of Operations & Hr)	$152,668	$0	$28,957
Adrienne Tongate (Evp Global Strategic Initiatives)	$151,312	$0	$15,678
Lisa Dziekan (Evp Business Development)	$145,372	$0	$29,484
Brandon Johnson (Chair)	$0	$0	$0
Lori E Lightfoot (Former Chair)	$0	$0	$0
Mellody Hobson (Vice Chair)	$0	$0	$0
Michael Morkin (Secretary)	$0	$0	$0
Peter Thompson (Treasurer)	$0	$0	$0
David Andalcio (Director)	$0	$0	$0
Rita Athas (Ex Officio Director)	$0	$0	$0
Curt R Bailey (Director)	$0	$0	$0
Greg Bedalov (Ex Officio Director)	$0	$0	$0
Marc Baumann (Former Director)	$0	$0	$0
Hardik Bhatt (Director)	$0	$0	$0
Karen Brennan (Director)	$0	$0	$0
Roz Brewer (Former Director)	$0	$0	$0
Robert Bronstein (Former Director)	$0	$0	$0
Greg Brown (Director)	$0	$0	$0
Elizabeth Buchanan (Director)	$0	$0	$0
John Buck (Former Director)	$0	$0	$0
Martin Cabrera (Director)	$0	$0	$0
Gregory C Case (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$11,317,735

Expenses

$11,739,073

Net Income

-$421,338

Net Assets

$8,862,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$11,327,603	> 100%
Program Services	$146,010	1.3%
Investment Income	$6,420	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$162,298
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,310,452	11.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,799,635	23.8%

Assets/Debt
Total Assets	$12,703,057
Total Liabilities	$3,840,602
Net Assets	$8,862,455

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Fassnacht (President & Ceo)	$480,586	$0	$27,348
Carrie Simmons (Vice President Of Operatio)	$146,487	$0	$22,683
Adrienne Tongate (Evp, Global Strategic Init)	$142,638	$0	$10,680
Abin Kuriakose (Evp, Innovation & Venture)	$142,105	$0	$15,113
Laforce Baker (Vice President Of Community Impact)	$140,390	$0	$19,963
Lisa Dziekan (Senior Vice President Of B)	$138,576	$0	$21,483
Roz Brewer (Director)	$0	$0	$0
Paramita Das (Director)	$0	$0	$0
Robert Bronstein (Director)	$0	$0	$0
Scott C Swanson (Director)	$0	$0	$0
Richard S Price (Director)	$0	$0	$0
Raj Gupta (Director)	$0	$0	$0
Pin Ni (Director)	$0	$0	$0
Shiv Iyer (Director)	$0	$0	$0
Paul Hsu (Director)	$0	$0	$0
Michael Reinsdorf (Director)	$0	$0	$0
Martin Cabrera (Director)	$0	$0	$0
Martin H Nesbitt (Director)	$0	$0	$0
Steve A Kersten (Director)	$0	$0	$0
John R Ettelson (Director)	$0	$0	$0
Michael H Moskow (Director)	$0	$0	$0
Susan Arthur (Director)	$0	$0	$0
Thomas Kilroy (Director)	$0	$0	$0
Matt Renner (Director)	$0	$0	$0
Michael J Sacks (Director)	$0	$0	$0
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990

Filed on Nov. 16, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$9,942,081

Expenses

$8,933,544

Net Income

$1,008,537

Net Assets

$8,847,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,050,376	> 100%
Program Services	$0
Investment Income	$4,272	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$130,137
Sales of Assets	-$36,842
Net Inventory Sales	$0
Other Revenue	$54,412	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$485,916	5.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,984,949	33.4%

Assets/Debt
Total Assets	$9,302,792
Total Liabilities	$455,492
Net Assets	$8,847,300

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Fassnacht (President & Ceo)	$420,988	$0	$27,543
Ogechi Harry (Executive Vice President Of Strategy, Legal, And O)	$186,076	$0	$17,493
Carrie Simmons (Vice President Of Operations And Hr)	$142,654	$0	$28,615
Lisa Dziekan (Senior Vice President Of Business Development & Fd)	$131,101	$0	$32,300
Adrienne Tongate (Evp, Global Strategic Initiatives)	$130,660	$0	$11,153
Abin Kuriakose (Evp, Innovation & Venture Strategy)	$129,662	$0	$18,769
Andrea Zopp (Ex Officio Director)	$37,385	$0	$0
Susan Arthur (Director)	$0	$0	$0
Rita Athas (Ex Officio Director)	$0	$0	$0
Curt R Bailey (Director)	$0	$0	$0
Marc Baumann (Director)	$0	$0	$0
Peter Boone Former (Director)	$0	$0	$0
Roz Brewer (Director)	$0	$0	$0
Robert Bronstein (Director)	$0	$0	$0
Greg Brown (Director)	$0	$0	$0
John Buck (Director)	$0	$0	$0
Martin Cabrera (Director)	$0	$0	$0
Debra A Cafaro (Director)	$0	$0	$0
Marco Capurso (Director)	$0	$0	$0
Gregory C Case (Director)	$0	$0	$0
David R Casper (Director)	$0	$0	$0
Jim Coleman (Director)	$0	$0	$0
Sean Connolly Former (Director)	$0	$0	$0
Christopher Crane (Director)	$0	$0	$0
James S Crown (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$6,232,116

Expenses

$7,314,865

Net Income

-$1,082,749

Net Assets

$7,871,607

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,385,413	> 100%
Program Services	$0
Investment Income	$42,758	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$96,424
Sales of Assets	-$99,631
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,754,848	24.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,637,327	22.4%

Assets/Debt
Total Assets	$8,111,466
Total Liabilities	$239,859
Net Assets	$7,871,607

Compensation

Key Employees and Officers	Compensation	Related	Other
Andrea Zopp (President & Ceo)	$434,173	$0	$11,843
Dennis Vicchiarelli (Executive Vp Business Development)	$223,252	$0	$9,069
Bernita Johnson Gabriel (Executive Vp, Neighborhood & Strategic Initiatives)	$139,574	$0	$12,820
Ogechi Harry (Evp Stragey, Legal & Operations)	$135,746	$0	$10,403
Carrie Simmons (Director Of Operations & Hr)	$132,046	$0	$26,900
Thomas Bartkoski (Director, International Business Dev)	$124,769	$0	$16,337
Lisa Dziekan (Director Of Business Development)	$122,924	$0	$30,493
Andrew Hayes (Director Of Marketing & Communications)	$114,230	$0	$15,377
Melanie Sillas (Vp Of Development)	$113,977	$0	$11,333
Adrienne Tongate (Executive Director Chicago Sister Cities Internati)	$110,612	$0	$10,125
Myrna Farmer (Director Of Board Relations)	$103,543	$0	$11,709
Lori E Lightfoot (Chair)	$0	$0	$0
Mellody Hobson (Vice Chair)	$0	$0	$0
James Kolar (Treasurer)	$0	$0	$0
Carl A Allegretti Former (Director)	$0	$0	$0
Rita Athas (Director)	$0	$0	$0
John Atkinson Former (Director)	$0	$0	$0
Marc Baumann (Director)	$0	$0	$0
Dave Biegger (Director)	$0	$0	$0
Jim Brady Former (Director)	$0	$0	$0
Greg Brown (Director)	$0	$0	$0
John Buck (Director)	$0	$0	$0
Martin Cabrera (Director)	$0	$0	$0
Debra A Cafaro (Director)	$0	$0	$0
Gregory C Case (Director)	$0	$0	$0
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990

Filed on Nov. 12, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$6,631,146

Expenses

$7,013,028

Net Income

-$381,882

Net Assets

$8,904,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,761,267	> 100%
Program Services	$0
Investment Income	$80,103	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$250,461
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$40,237	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,013,513	28.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,978,944	28.2%

Assets/Debt
Total Assets	$9,646,324
Total Liabilities	$741,968
Net Assets	$8,904,356

Compensation

Key Employees and Officers	Compensation	Related	Other
Andrea Zopp (President & Ceo)	$448,767	$0	$10,891
Tiffany Hamel Johnson (Exec Vp Strategy & Admin)	$185,133	$0	$23,146
Dennis Vicchiarelli (Executive Vp)	$153,366	$0	$11,207
Bernita Johnson Gabriel (Executive Vp, Neighborhood & Strategic Initiatives)	$140,021	$0	$12,763
Joy Monahan (General Counsel)	$137,682	$0	$23,653
Carrie Simmons (Director Of Operations & Hr)	$132,562	$0	$26,594
Leroy Allala (Executive Director, Csci)	$132,380	$0	$8,517
Andrew Spinelli (Director, Global Strategic Initiatives)	$130,974	$0	$9,123
Thomas Bartkoski (Director, International Business Dev)	$126,248	$0	$15,678
Melanie Silas (Vp Of Development)	$112,117	$0	$10,380
Sana Hussain (Director Of Business Development)	$112,099	$0	$23,791
Lisa Dziekan (Director Of Business Development)	$101,805	$0	$26,216
Myrna Farmer (Director Of Board Relations)	$100,360	$0	$11,507
Lori E Lightfoot (Chair)	$0	$0	$0
Rahm Emanuel Former (Former Chair)	$0	$0	$0
Mellody Hobson (Vice Chair)	$0	$0	$0
James Kolar (Treasurer)	$0	$0	$0
Carl A Allegretti (Director)	$0	$0	$0
Anthony Anderson Former (Director)	$0	$0	$0
Andrew Appel Former (Director)	$0	$0	$0
Jeff Aronin Former (Director)	$0	$0	$0
Rita Athas (Director)	$0	$0	$0
John Atkinson (Director)	$0	$0	$0
Marc Baumann (Director)	$0	$0	$0
Melissa Bean Former (Director)	$0	$0	$0
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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$9,208,666

Expenses

$10,035,266

Net Income

-$826,600

Net Assets

$9,286,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,266,571	> 100%
Program Services	$0
Investment Income	$30,867	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$218,061
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$129,289	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,283,053	22.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,873,555	18.7%

Assets/Debt
Total Assets	$10,793,677
Total Liabilities	$1,507,439
Net Assets	$9,286,238

Compensation

Key Employees and Officers	Compensation	Related	Other
Andrea Zopp (President & Ceo)	$374,728	$0	$12,327
Malehorn Jeffrey (Board Member)	$311,635	$0	$21,221
Tiffany Hamel Johnson (Exec Vp Strategy & Admin)	$180,031	$0	$23,334
Vicchiarelli Dennis (Executive Vp)	$148,252	$0	$15,504
Bush Lori (Vp Economic Development)	$146,871	$0	$20,108
Stinson Christal (Chief Development Officer)	$144,482	$0	$23,680
Monahan Joy (General Counsel)	$128,495	$0	$31,988
Simmons Carrie (Director Of Operations & Hr)	$127,674	$0	$20,219
Bartkoski Thomas (Director, International Business Dev)	$121,904	$0	$15,619
Allala Leroy (Executive Director, Csci)	$121,357	$0	$12,474
Johnson Gabriel Bernita (Executive Vp, Neighborhood & Strategic Initiatives)	$118,659	$0	$7,498
Woods Alya (Executive Director, Chicagonext)	$108,288	$0	$25,530
Coady Genevieve (Executive Vp, Chicagomade)	$106,020	$0	$28,988
Rahm Emanuel (Chair)	$0	$0	$0
Michael J Sacks (Vice Chair)	$0	$0	$0
James Kolar (Treasurer)	$0	$0	$0
Michael Morkin (Secretary)	$0	$0	$0
Carl A Allegretti (Director)	$0	$0	$0
Anthony K Anderson (Director)	$0	$0	$0
Andrew Appel (Director)	$0	$0	$0
Jeff S Aronin (Director)	$0	$0	$0
Rita Athas (Director)	$0	$0	$0
John Atkinson (Director)	$0	$0	$0
Marc Baumann (Director)	$0	$0	$0
Melissa L Bean (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2019

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2017

Revenue

$10,562,226

Expenses

$12,006,180

Net Income

-$1,443,954

Net Assets

$10,112,838

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,631,225	> 100%
Program Services	$0
Investment Income	$4,923	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$233,138
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$159,216	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,403,731	11.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,533,045	29.4%

Assets/Debt
Total Assets	$12,077,345
Total Liabilities	$1,964,507
Net Assets	$10,112,838

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffrey Malehorn (Former President & Ceo)	$369,102	$0	$28,612
Dennis Craig (Former Chief Operating Officer)	$183,861	$0	$23,352
Thomas J Hulseman (Managing Director, Metro Chicago Exports)	$161,694	$0	$17,879
Genevieve Coady (Executive Vp)	$153,549	$0	$19,908
Nitikaji Nautiyal (Director)	$146,692	$0	$6,367
Dennis M Vicchiarelli (Treasurer/Managing Director)	$143,892	$0	$11,404
Lori A Bush (Director Of Economic Development)	$140,895	$0	$17,212
Carolyn K Phillips (Former Director)	$130,987	$0	$2,097
Joy Monahan (General Counsel)	$125,791	$0	$21,568
Carrie Simmons (Secretary/Director Of Operations)	$124,033	$0	$21,532
Ayris Scales (Associate Vp)	$120,527	$0	$8,673
Thomas W Bartkoski (Director)	$118,496	$0	$16,033
Leroy Allala (Director)	$117,902	$0	$10,495
Jacob H Trussell (Director)	$113,747	$0	$21,147
Alya Woods (Director)	$104,224	$0	$20,832
Jim Abrams (Director)	$0	$0	$0
Carl Allegretti (Director)	$0	$0	$0
Anthony K Anderson (Director)	$0	$0	$0
Andrew Appel (Director)	$0	$0	$0
Jeff S Aronin (Director)	$0	$0	$0
Rita Athas (Director)	$0	$0	$0
Marc Baumann (Director)	$0	$0	$0
Melissa Bean (Director)	$0	$0	$0
Jim Brady (Director)	$0	$0	$0
Bill Brodsky (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$12,917,979

Expenses

$10,843,612

Net Income

$2,074,367

Net Assets

$11,556,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,986,237	> 100%
Program Services	$0
Investment Income	$1,329	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$220,487
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$150,900	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,455,549	13.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,607,847	33.3%

Assets/Debt
Total Assets	$12,565,502
Total Liabilities	$1,008,710
Net Assets	$11,556,792

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeff Malehorn (President & Ceo)	$482,653	$0	$37,006
Wendi Taylor Nation (Chief Marketing Officer)	$190,890	$0	$24,432
Carolyn Phillips (Dir Of Strategic Initiativ)	$171,351	$0	$16,469
Dennis Vicchiarelli (Treasurer/Managing Directo)	$157,658	$0	$13,353
John Ramirez (Plan Director)	$142,535	$0	$15,234
Thomas Bartkoski (Dir Of Int'l Bus. Developm)	$138,487	$0	$18,617
Lori Bush (Dir Of Economic Developmen)	$138,281	$0	$11,929
Dennis Craig (Chief Operating Officer)	$132,561	$0	$2,490
Keith Williams (Director)	$127,006	$0	$0
Leroy Allala (Dir Of Sister Cities Inter'l)	$125,655	$0	$0
Carrie Simmons (Secretary/Dir Of Operation)	$120,759	$0	$21,345
Rahm Emanuel (Chairman)	$0	$0	$0
Michael Sacks (Vice Chairman)	$0	$0	$0
Jim Abrams (Director)	$0	$0	$0
Anthony K Anderson (Director)	$0	$0	$0
Andrew Appel (Director)	$0	$0	$0
Jeff Aronin (Director)	$0	$0	$0
Rita Athas (Director)	$0	$0	$0
Melissa Bean (Director)	$0	$0	$0
Jim Brady (Director)	$0	$0	$0
Bill Brodsky (Director)	$0	$0	$0
Greg Q Brown (Director)	$0	$0	$0
John Buck (Director)	$0	$0	$0
Martin Cabrera (Director)	$0	$0	$0
Debra A Cafaro (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$9,680,449

Expenses

$8,487,225

Net Income

$1,193,224

Net Assets

$9,482,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,849,684	> 100%
Program Services	$25,300	0.3%
Investment Income	$301	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$221,871
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$27,035	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,482,062	17.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,376,444	28.0%

Assets/Debt
Total Assets	$10,353,459
Total Liabilities	$871,033
Net Assets	$9,482,426

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeff Malehorn (President & Ceo)	$445,224	$0	$28,237
Wendi Taylor Nation (Chief Marketing Officer)	$175,336	$0	$16,989
Carolyn Phillips (Dir Of Strategic Initiatives)	$147,351	$0	$10,857
Dennis Vicchiarelli (Treasurer/Managing Director)	$135,300	$0	$10,374
Lori Bush (Dir Of Economic Development)	$133,960	$0	$10,335
John Ramirez (Plan Director)	$131,294	$0	$15,171
Carrie Simmons (Secretary/Dir Of Operations)	$117,081	$0	$20,580
Thomas Bartkoski (Dir Of Int'l Bus. Development)	$111,516	$0	$14,780
Rita Athas (Director)	$60,000	$0	$0
Rahm Emanuel (Chairman)	$0	$0	$0
Michael Sacks (Vice Chairman)	$0	$0	$0
Jim Abrams (Director)	$0	$0	$0
Anthony K Anderson (Director)	$0	$0	$0
Andrew Appel (Director)	$0	$0	$0
Jeff Aronin (Director)	$0	$0	$0
Melissa Bean (Director)	$0	$0	$0
Tony Bouchard (Director)	$0	$0	$0
Bill Brodsky (Director)	$0	$0	$0
Gregg Q Brown (Director)	$0	$0	$0
John Buck (Director)	$0	$0	$0
Martin Cabrera (Director)	$0	$0	$0
Debra Cafaro (Director)	$0	$0	$0
Patrick Canning (Director)	$0	$0	$0
Gregg Case (Director)	$0	$0	$0
David Casper (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$8,021,862

Expenses

$8,269,508

Net Income

-$247,646

Net Assets

$8,289,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,535,601	93.9%
Program Services	$300,000	3.7%
Investment Income	$182	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$186,079	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$718,121	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,192,661	26.5%

Assets/Debt
Total Assets	$8,969,936
Total Liabilities	$680,734
Net Assets	$8,289,202

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeff Malehorn (President & Ceo)	$420,460	$0	$25,482
Carolyn Phillips (Dir Of Strategic Initiatives)	$147,595	$0	$9,689
Wendi Taylor Nation (Chief Marketing Officer)	$144,424	$0	$7,464
Dennis Vicchiarelli (Treasurer/Managing Dir)	$130,374	$0	$9,604
Lori Bush (Dir Of Economic Dev)	$128,252	$0	$8,408
Carrie Simmons (Secretary/Dir Of Operations)	$113,904	$0	$18,297
Phillip Nevels (Ex Dir Chicagonext)	$111,086	$0	$14,232
Leroy Allala (Ex Dir Csci)	$108,780	$0	$6,138
Rita Athas (Director)	$60,000	$0	$0
Rahm Emanuel (Chairman)	$0	$0	$0
Michael Sacks (Vice Chairman)	$0	$0	$0
Jim Abrams (Director)	$0	$0	$0
Anthony K Anderson (Director)	$0	$0	$0
Jeff Aronin (Director)	$0	$0	$0
Tony Bouchard (Director)	$0	$0	$0
Marshall Bouton (Director)	$0	$0	$0
Bill Brodsky (Director)	$0	$0	$0
Greg Brown (Director)	$0	$0	$0
John Buck (Director)	$0	$0	$0
Debra Cafaro (Director)	$0	$0	$0
Patrick Canning (Director)	$0	$0	$0
Greg Case (Director)	$0	$0	$0
Christopher Crane (Director)	$0	$0	$0
James Crown (Director)	$0	$0	$0
Deborah Dehaas (Director)	$0	$0	$0
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990

Filed on Nov. 13, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$4,555,351

Expenses

$14,172,443

Net Income

-$9,617,092

Net Assets

$8,536,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,343,521	95.3%
Program Services	$0
Investment Income	$362	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$211,468	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$676,885	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,496,861	10.6%

Assets/Debt
Total Assets	$8,894,801
Total Liabilities	$357,953
Net Assets	$8,536,848

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeff Malehorn (President)	$207,093	$0	$14,486
Rita Athas (Exec Dir Term/Director)	$182,411	$0	$14,509
Carolyn Phillips (Dir Of Strategic Initiatives)	$150,595	$0	$11,380
Dennis Vicchiarelli (Treasurer/Managing Dir)	$126,463	$0	$8,935
Lori Bush (Dir Of Economic Development)	$121,076	$0	$8,193
Carrie Simmons (Secretary/Dir Of Operation)	$106,804	$0	$16,184
Thomas Bartwoski (Dir Of Int'l Business Development)	$105,115	$0	$16,111
Jacob Trussell (Creative Director)	$101,253	$0	$19,876
Rahm Emanuel (Chairman)	$0	$0	$0
Michael Sacks (Vice Chairman)	$0	$0	$0
Jim Abrams (Director)	$0	$0	$0
Anthony K Anderson (Director)	$0	$0	$0
Jeff Aronin (Director)	$0	$0	$0
Tony Bouchard (Director)	$0	$0	$0
Marshall Bouton (Director)	$0	$0	$0
Bill Brodsky (Director)	$0	$0	$0
Greg Brown (Director)	$0	$0	$0
John Buck (Director)	$0	$0	$0
Debra Cafaro (Director)	$0	$0	$0
Patrick Canning (Director)	$0	$0	$0
Greg Case (Director)	$0	$0	$0
Christopher Crane (Director)	$0	$0	$0
James S Crown (Director)	$0	$0	$0
Deborah Dehaas (Director)	$0	$0	$0
Mary Dillon (Director)	$0	$0	$0
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990

Filed on Nov. 13, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$22,634,995

Expenses

$25,182,263

Net Income

-$2,547,268

Net Assets

$17,475,276

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,533,196	99.6%
Program Services	$0
Investment Income	$2,715	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$99,084	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$436,106	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$852,107	3.4%

Assets/Debt
Total Assets	$18,161,899
Total Liabilities	$686,623
Net Assets	$17,475,276

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$27,283,370

Expenses

$7,340,347

Net Income

$19,943,023

Net Assets

$23,958,153

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$27,176,924	99.6%
Program Services	$0
Investment Income	$2,196	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$104,250	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$418,324	5.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$865,408	11.8%

Assets/Debt
Total Assets	$24,080,319
Total Liabilities	$122,166
Net Assets	$23,958,153

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

World Business Chicago

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $13.1M (2023)

Expenses $13.5M (2023)

Total Assets $11.7M (2023)

Total Liabilities $3.99M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Revenue

$13.1M (2023)

Expenses

$13.5M (2023)

Total Assets

$11.7M (2023)

Total Liabilities

$3.99M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001