2024-11-15T15:58:20-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2023-01-01 362181969 THE CHICAGO COUNCIL ON GLOBAL AFFAIRS CHIC 3127263860 180 N STETSON AVENUE 1400 CHICAGO IL 60601 LAUREN LAWAL FINANCE AND OPERATIONS 3125054184 2024-11-15 1 1 MARK HEROUX P00959793 3127298000 2024-11-15 2023 2024-10-15 13:58:12Z IVO H DAALDER 180 N STETSON AVENUE 1400 CHICAGO IL 60601 21279484 0 X WWW.GLOBALAFFAIRS.ORG X 1922 IL THE CHICAGO COUNCIL ON GLOBAL AFFAIRS IS AN INDEPENDENT, NONPARTISAN ORGANIZATION THAT (SEE SCH O) PROVIDES INSIGHT ON CRITICAL GLOBAL ISSUES, ADVANCES POLICY SOLUTIONS, AND FOSTERS DIALOGUE ON WHAT IS HAPPENING IN THE WORLD AND WHY IT MATTERS TO PEOPLE IN CHICAGO, THE UNITED STATES, AND AROUND THE GLOBE. 91 90 87 91 0 0 8817114 6865613 499914 564065 777589 3513494 0 -153753 10094617 10789419 0 0 0 0 7617485 8927167 0 0 3567758 5698200 7784252 13315685 16711419 -3221068 -5922000 37048491 30119849 7816158 7442122 29232333 22677727 X THE CHICAGO COUNCIL ON GLOBAL AFFAIRS IS AN INDEPENDENT, NONPARTISAN ORGANIZATION THAT PROVIDES INSIGHT ON CRITICAL GLOBAL ISSUES, ADVANCES POLICY SOLUTIONS, AND FOSTERS DIALOGUE ON WHAT IS HAPPENING IN THE WORLD AND WHY IT MATTERS TO PEOPLE IN CHICAGO, THE (SEE SCHEDULE O) UNITED STATES, AND AROUND THE GLOBE. 0 1 6011131 564065 PUBLIC PROGRAMMING AND ENGAGEMENT: ENGAGING THE INFORMED AND INTERESTED PUBLIC IN GLOBAL AFFAIRS BY CURATING RELEVANT, TIMELY CONTENT ON CRITICAL ISSUES AND PROVIDING A BALANCED FORUM FOR CHALLENGING, THROUGHTFUL DIALOGUES WITH GLOBAL LEADERS, INFLUENCERS, AND EXPERTS. 3094553 LESTER CROWN CENTER ON US FOREIGN POLICY: INFLUENCING DISCOURSE AND DECISIONS ON IMPORTANT US FOREIGN POLICY AND NATIONAL SECURITY ISSUES BY RESEARCHING PUBLIC OPINION AND PRODUCING ORIGINAL POLICY ANALYSIS. 2001171 CENTER ON GLOBAL CITIES: ELEVATING GLOBAL CITIES AS CENTRAL ACTORS SHAPING WORLD AFFIARS AND ADVANCING CITY-BASED SOLUTIONS TO GLOBAL CHALLENGES. 11106855 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DEBIASE BOARD MEMBER 1.00 X 0 0 0 GREG MORRIS BOARD MEMBER 1.00 X 0 0 0 HEATHER RUSSELL BOARD MEMBER 1.00 X 0 0 0 JAMES SPRAYREGEN BOARD MEMBER 1.00 X 0 0 0 JEFF NEAL BOARD MEMBER 1.00 X 0 0 0 JENNIFER SCANLON VICE CHAIR 2.00 X X 0 0 0 JOANN SEAGREN BOARD MEMBER 1.00 X 0 0 0 JOHN DEBLASIO BOARD MEMBER 1.00 X 0 0 0 JOHN ETTELSON CHAIR 2.00 X X 0 0 0 JOHN MADIGAN BOARD MEMBER 1.00 X 0 0 0 JOHN MANLEY BOARD MEMBER 1.00 X 0 0 0 JOSE LUIS PRADO BOARD MEMBER 1.00 X 0 0 0 JOSH HALE BOARD MEMBER 1.00 X 0 0 0 JUSTIN BANDY BOARD MEMBER 1.00 X 0 0 0 KAREN GRAY-KREHBIEL BOARD MEMBER 1.00 X 0 0 0 KATHERINE BAICKER BOARD MEMBER 1.00 X 0 0 0 KAY TORSHEN BOARD MEMBER 1.00 X 0 0 0 KIM KEYWELL BOARD MEMBER 1.00 X 0 0 0 LESTER CROWN CHAIR EMERITUS 2.00 X X 0 0 0 LOU SUSMAN BOARD MEMBER 1.00 X 0 0 0 MARGOT PRITZKER BOARD MEMBER 1.00 X 0 0 0 MARILYN DIAMOND BOARD MEMBER 1.00 X 0 0 0 MARK WILLIAMS BOARD MEMBER 1.00 X 0 0 0 MARY DWYER BOARD MEMBER 1.00 X 0 0 0 MICHAEL AMIRIDIS BOARD MEMBER 1.00 X 0 0 0 MICHAEL FROY BOARD MEMBER 1.00 X 0 0 0 MICHAEL MOSKOW VICE CHAIR 2.00 X X 0 0 0 MICHAEL WERNER BOARD MEMBER 1.00 X 0 0 0 OLUFUNMILAYO OLOPADE BOARD MEMBER 1.00 X 0 0 0 PAUL FINNEGAN BOARD MEMBER 1.00 X 0 0 0 PAUL SCHICKLER BOARD MEMBER 1.00 X 0 0 0 PIN NI BOARD MEMBER 1.00 X 0 0 0 QUINTIN PRIMO BOARD MEMBER 1.00 X 0 0 0 RAGHURAM RAJAN BOARD MEMBER 1.00 X 0 0 0 RAJ FERNANDO BOARD MEMBER 1.00 X 0 0 0 REBECCA KNIGHT BOARD MEMBER 1.00 X 0 0 0 RICHARD COOPER BOARD MEMBER 1.00 X 0 0 0 RICHARD EDELMAN BOARD MEMBER 1.00 X 0 0 0 RICHARD PORTER BOARD MEMBER 1.00 X 0 0 0 RICK WADDELL BOARD MEMBER 1.00 X 0 0 0 SAM BARNETT BOARD MEMBER 1.00 X 0 0 0 SAM SCOTT CHAIR EMERITUS 2.00 X X 0 0 0 SANJAY RISHI BOARD MEMBER 1.00 X 0 0 0 SCOTT SANTI BOARD MEMBER 1.00 X 0 0 0 STEVE CRUISE BOARD MEMBER 1.00 X 0 0 0 STEVEN KOCH TREASURER 2.00 X X 0 0 0 SUSAN MORRISON BOARD MEMBER 1.00 X 0 0 0 TOM WYLER BOARD MEMBER 1.00 X 0 0 0 WANJI WALCOTT BOARD MEMBER 1.00 X 0 0 0 WILLIAM DALEY BOARD MEMBER 1.00 X 0 0 0 XUAN FU BOARD MEMBER 1.00 X 0 0 0 ZACH EGAN BOARD MEMBER 1.00 X 0 0 0 2346225 0 66604 23 0 1 0 K&L GATES LLP PO BOX 844255 BOSTON MA 022844255 LEGAL SERVICES 109969 1 1264822 1185783 4415008 6865613 LEADERSHIP STUDY MISSION 900099 454295 454295 EMERGING LEADERS PARTICIPATION FE 900099 88750 88750 ADMISSION FEES 900099 21020 21020 564065 716194 716194 16706 0 16706 16706 16706 13096242 10298942 2797300 2797300 2797300 20000 1185783 191123 -171123 -171123 MISCELLANEOUS INCOME 900099 664 664 664 10789419 564065 0 3359741 2346224 1478470 443452 424302 4609318 2987514 1621804 338770 62140 276630 1095499 727226 368273 537356 4343 531674 1339 175493 29204 124524 21765 48746 48746 25395 1072 22784 1539 1266073 953232 208996 103845 242553 242553 242691 143548 -395 99538 981743 664609 317134 1537753 1054345 183994 299414 761228 729870 24489 6869 624830 419773 55724 149333 397894 264391 44288 89215 47288 47288 BAD DEBT EXPENSE 1365653 1323408 42245 OTHER OPERATING EXPENSE 42095 3610 17342 21143 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SECURITIES 14308741 F 14308741 DEFERRED COMPENSATION PLAN ASSETS 160331 RIGHT OF USE - OPERATING LEASE 5254782 5415113 LEASE LIABILITY 6308890 DEFERRED COMPENSATION PLAN 160331 6469221 X 10156813 -797794 -797794 10954607 25935 -191123 -165188 10789419 16711419 0 16711419 0 16711419 PART X, LINE 2: THE CHICAGO COUNCIL ON GLOBAL AFFAIRS HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE CHICAGO COUNCIL ON GLOBAL AFFAIRS FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE,THE CHICAGO COUNCIL ON GLOBAL AFFAIRS MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE CHICAGO COUNCIL ON GLOBAL AFFAIRS DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE -191,123. EAST ASIA AND THE PACIFIC 0 0 LEADERSHIP STUDY MISSION EDUCATIONAL SUMMIT 535959 0 0 0 0 0 0 535959 0 535959 0 0 0 0 0 0 GLOBAL LEADERSHIP AWARDS DINNER 1205783 1185783 20000 982 21724 77463 7064 83890 1205783 1185783 20000 982 21724 77463 7064 83890 191123 -171123 X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 IVO DAALDER PRESIDENT 720845 0 0 0 1410 0 11498 0 1188 0 734941 0 0 0 BRIAN HANSON VP, STUDIES 180238 0 0 0 105443 0 11047 0 1139 0 297867 0 0 0 ROBERT CORDES CONTROLLER 169663 0 0 0 0 0 1539 0 476 0 171678 0 0 0 CATHERINE KING VP, DEVELOPMENT 175648 0 0 0 74777 0 9876 0 173 0 260474 0 0 0 SAMANTHA SKINNER MONROE VP, MARKETING 173877 0 0 0 0 0 9540 0 270 0 183687 0 0 0 SARAH GILBERT PRESIDENT 381306 0 0 0 0 0 9780 0 270 0 391356 0 0 0 PEGGY YIH MANAGING DIRECTOR, GFAP 152592 0 0 0 26530 0 8068 0 173 0 187363 0 0 0 JULIE MOOS EXECUTIVE EDITOR AND VP OF STUDIOS 183896 0 0 0 0 0 922 0 645 0 185463 0 0 0 PART I, LINE 1A THE ORGANIZATION INCURS THE COSTS FOR OUR CEO'S HEALTH CLUB DUES. THE CEO CURRENTLY HAS A 3 YEAR CONTRACT WHICH EXPIRES JUNE 30TH, 2026. PART I, LINES 4A-B THE ORGANIZATION TERMINATED BRIAN HANSON, VP, STUDIES, ROBERT CORDES, VP, FINANCE AND ADMIN, ROGER THUROW, SENIOR FELLOW, GLOBAL FOOD AND CATHERINE KING, VP DEVELOPMENT AS PART OF THE REDUCTION IN FORCE WHICH OCCURRED NOVEMBER, 2023. FORM 990, PART III, LINE 3 THE STUDIES TEAM, RESPONSIBLE FOR THE RESEARCH AREA OF THE COUNCIL, WAS INCLUDED IN THE REDUCTION IN FORCE IN LATE NOVEMBER. FORM 990, PART VI, SECTION A, LINE 4 SHORTLY AFTER THE 990 WAS FILED, CHANGES TO THE BOARD DOCS WERE DRAFTED AND APPROVED IN DECEMBER 2023, BUT SUBSEQUENTLY REVERTED TO THE ORIGINAL VERSION ONCE THE PRESIDENT LEFT HER POSITION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE. THIS COMMITTEE MET WITH THE AUDITOR/PREPARER PRIOR TO APPROVING THE RETURN. COPIES OF THE RETURN WERE THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COUNCIL'S POLICY IS TO REQUEST CONFLICT OF INTEREST DISCLOSURE STATEMENTS FROM ITS OFFICERS AND DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION ON AN ANNUAL BASIS. THIS REVIEW PERIODICALLY INCLUDES THE USE OF COMPENSATION SURVEYS AND DATA FROM COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE FOR THE PUBLIC INSPECTION UPON REQUEST AND ON THE COUNCIL'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONCLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FUNDRAISING EXPENSE 191,123. FORM 990, PART XII, LINE 2C: THIS ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND OF ITS FINANCIAL STATEMENTS, AND FOR THE SELECTION OF AN INDEPENDENT AUDITOR. THERE WAS NO CHANGE FROM THE PRIOR FISCAL YEAR.