2023-05-15T13:37:21-05:00 2022-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2021-07-01 208411320 CHICAGOLAND ENTREPRENEURIAL CENTER CHIC 3122390310 222 MERCHANDISE MART PLAZA 1212 CHICAGO IL 60654 BETSY ZIEGLER CEO 3122390310 2023-05-12 1 BETSY ZIEGLER 999009999 KIMBERLY A HAUMANN P00546491 3122071040 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z 1871 BETSY ZIEGLER 222 MERCHANDISE MART PLAZA 1212 CHICAGO IL 60654 9251516 0 X WWW.CHICAGOLANDEC.ORG X 2006 IL THE CENTER PROMOTES AND GROWS CHICAGO'S ENTREPRENEURIAL COMMUNITY. 75 74 36 100 0 0 3282017 5068892 4188642 4059954 363 420 669451 -120706 8140473 9008560 0 0 0 0 3554770 3989404 0 0 337514 5946150 6102989 9500920 10092393 -1360447 -1083833 5911149 6314355 7218084 8705123 -1306935 -2390768 THE CENTER SEEKS TO MAKE A PERCEPTIBLE AND LASTING ECONOMIC IMPACT ON THE CHICAGO REGION BY HELPING ENTREPRENEURS AND HIGH-GROWTH BUSINESSES BUILD VIABLE, SUSTAINABLE AND PROFITABLE ENTERPRISES. 0 0 8045001 4059954 THE CHICAGOLAND ENTREPRENEURIAL CENTER (THE "CENTER") SEEKS TO MAKE A PERCEPTIBLE AND LASTING ECONOMIC IMPACT ON THE CHICAGO REGION BY HELPING ENTREPRENEURS AND HIGHGROWTH BUSINESSES BUILD VIABLE, SUSTAINABLE, AND PROFITABLE ENTERPRISES THROUGH ITS FLAGSHIP PROGRAM 1871. THE 1871 PROGRAM STARTED IN APRIL 2012 WITH THE OPENING OF ITS NOW 150,000 SQUARE FOOT STATE-OF-THE-ART FACILITY DESIGNATED TO SUPPORT THE FOLLOWING PURPOSES: (1) PROVIDE AFFORDABLE, FLEXIBLE SPACE FOR EARLY-STAGE STARTUP COMPANIES AND ENTREPRENEURS "MEMBERS" WHO ARE BUILDING DIGITAL BUSINESS; (2) PROVIDE EVENTS, MENTORSHIP, CLASSES, AND PROGRAMS THAT ARE RELEVANT TO ENTREPRENEURS' BUILDING DIGITAL BUSINESS; AND (3) PROVIDE OTHER SERVICES AND SUPPORT FOR DIGITAL BUSINESSES AND THE CHICAGO STARTUP COMMUNITY. 8045001 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 87 0 1 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 75 74 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ELIZABETH A ZEIGLER 3122390310 222 W MERCHANDISE MART PLAZA SUITE CHICAGO IL 60654 BETSY ZIEGLER CEO 40.00 0.00 X X 520433 0 0 JIM O'CONNOR CHARIMAN 0.10 0.00 X X 0 0 0 LAURA FERRIS ANDERSON TREASURER 0.10 0.00 X X 0 0 0 LARRY EPPLEY SECRETARY 0.10 0.00 X X 0 0 0 ADAM HECKTMAN BOARD MEMBER 0.10 0.00 X 0 0 0 AMANDA LANNERT BOARD MEMBER 0.10 0.00 X 0 0 0 ANDY KOFOID BOARD MEMBER 0.10 0.00 X 0 0 0 BRENNA BERMAN BOARD MEMBER 0.10 0.00 X 0 0 0 BRET MAXWELL BOARD MEMBER 0.10 0.00 X 0 0 0 BRIAN HOFF BOARD MEMBER 0.10 0.00 X 0 0 0 CARLOS MINETTI BOARD MEMBER 0.10 0.00 X 0 0 0 CHRIS SYMTH BOARD MEMBER 0.10 0.00 X 0 0 0 DAVE TOLMIE BOARD MEMBER 0.10 0.00 X 0 0 0 DEAN DEBIASE BOARD MEMBER 0.10 0.00 X 0 0 0 DENNIS BOECKER BOARD MEMBER 0.10 0.00 X 0 0 0 DORRI MCWHORTER BOARD MEMBER 0.10 0.00 X 0 0 0 ELLEN RUDNICK BOARD MEMBER 0.10 0.00 X 0 0 0 GARRY COOPER BOARD MEMBER 0.10 0.00 X 0 0 0 GENEVIEVE THIERS BOARD MEMBER 0.10 0.00 X 0 0 0 HANK ADAMS BOARD MEMBER 0.10 0.00 X 0 0 0 JACK KEENAN BOARD MEMBER 0.10 0.00 X 0 0 0 JAI SHEKHAWAT BOARD MEMBER 0.10 0.00 X 0 0 0 JAIME DI PAULO BOARD MEMBER 0.10 0.00 X 0 0 0 JEFF MILLER BOARD MEMBER 0.10 0.00 X 0 0 0 JEREMIE BACON BOARD MEMBER 0.10 0.00 X 0 0 0 JIM DUGAN BOARD MEMBER 0.10 0.00 X 0 0 0 JOE SHENTON BOARD MEMBER 0.10 0.00 X 0 0 0 JOHN HOWARD BOARD MEMBER 0.10 0.00 X 0 0 0 JUDY TOLAND BOARD MEMBER 0.10 0.00 X 0 0 0 JULIA KANOUSE BOARD MEMBER 0.10 0.00 X 0 0 0 JULIE NOVACK BOARD MEMBER 0.10 0.00 X 0 0 0 KAILI EMMRICH BOARD MEMBER 0.10 0.00 X 0 0 0 KEVIN WILLER BOARD MEMBER 0.10 0.00 X 0 0 0 KRISTI ROSS BOARD MEMBER 0.10 0.00 X 0 0 0 LAURIE BAUER BOARD MEMBER 0.10 0.00 X 0 0 0 LEE ROSENBERG BOARD MEMBER 0.10 0.00 X 0 0 0 LESLIE ANDERSON BOARD MEMBER 0.10 0.00 X 0 0 0 LINDA DARRAGH BOARD MEMBER 0.10 0.00 X 0 0 0 LLOYD SEMPLE BOARD MEMBER 0.10 0.00 X 0 0 0 MARC SHIFFMAN BOARD MEMBER 0.10 0.00 X 0 0 0 MARK LAWRENCE BOARD MEMBER 0.10 0.00 X 0 0 0 MARK TEBBE BOARD MEMBER 0.10 0.00 X 0 0 0 MARK HINCH BOARD MEMBER 0.10 0.00 X 0 0 0 MATT O'SULLIVAN BOARD MEMBER 0.10 0.00 X 0 0 0 MATT MALONEY BOARD MEMBER 0.10 0.00 X 0 0 0 MATTHEW BROWN BOARD MEMBER 0.10 0.00 X 0 0 0 MATTHEW SUMMY BOARD MEMBER 0.10 0.00 X 0 0 0 MATTHEW RENNER BOARD MEMBER 0.10 0.00 X 0 0 0 MAURA OHARA BOARD MEMBER 0.10 0.00 X 0 0 0 MICHAEL LYMAN BOARD MEMBER 0.10 0.00 X 0 0 0 MICHAEL MCMURRAY BOARD MEMBER 0.10 0.00 X 0 0 0 MIKE CARLIN BOARD MEMBER 0.10 0.00 X 0 0 0 NEAL SALES-GRIFFIN BOARD MEMBER 0.10 0.00 X 0 0 0 RAJAN NAIK BOARD MEMBER 0.10 0.00 X 0 0 0 RANDY NORNES BOARD MEMBER 0.10 0.00 X 0 0 0 ROBERT MATLES BOARD MEMBER 0.10 0.00 X 0 0 0 ROWAN RICHARDS BOARD MEMBER 0.10 0.00 X 0 0 0 RYAN LEAVITT BOARD MEMBER 0.10 0.00 X 0 0 0 SAM YAGAN BOARD MEMBER 0.10 0.00 X 0 0 0 SARA CROWN STAR BOARD MEMBER 0.10 0.00 X 0 0 0 SCOTT HOLLOWAY BOARD MEMBER 0.10 0.00 X 0 0 0 SCOTT SWANSON BOARD MEMBER 0.10 0.00 X 0 0 0 SONIA NAGAR BOARD MEMBER 0.10 0.00 X 0 0 0 SONNY GARG BOARD MEMBER 0.10 0.00 X 0 0 0 STAN CHIA BOARD MEMBER 0.10 0.00 X 0 0 0 STARR MARCELLO BOARD MEMBER 0.10 0.00 X 0 0 0 STEVEN COLLENS BOARD MEMBER 0.10 0.00 X 0 0 0 SUZANNE MUCHIN BOARD MEMBER 0.10 0.00 X 0 0 0 TALIA MASCHIACH BOARD MEMBER 0.10 0.00 X 0 0 0 TED SOUDER BOARD MEMBER 0.10 0.00 X 0 0 0 TIM STOJKA BOARD MEMBER 0.10 0.00 X 0 0 0 TOM THOMPSON BOARD MEMBER 0.10 0.00 X 0 0 0 TROY HENIKOFF BOARD MEMBER 0.10 0.00 X 0 0 0 TYLER PRINCE BOARD MEMBER 0.10 0.00 X 0 0 0 VENKAT ATLURI BOARD MEMBER 0.10 0.00 X 0 0 0 STEPHANIE MILLER VP CORPORATE INNOVATION 40.00 0.00 X 112211 0 0 RACHEL FEUERBORN VP EXPERIENCE 40.00 0.00 X 104512 0 0 LISA LAWS COO 40.00 0.00 X 160117 0 0 ADAM ARCUS VP CREATIVE 40.00 0.00 X 0 0 0 897273 0 0 4 0 1 0 0 791032 750193 3527667 5068892 FACILITY RENT 900099 2298655 2298655 MEMBER RENT 900099 1127944 1127944 GROWTH MEMBERSHIP 900099 332739 332739 OTHER INCOME 900099 192361 192361 EVENTS INCOME 900099 108255 108255 4059954 420 420 122250 791032 242956 -120706 -120706 9008560 4059954 0 -120286 897272 448636 448636 3087247 2125494 624558 337195 4885 3357 1209 319 2653 2653 65340 65340 29254 29254 271762 213213 58549 99028 99028 3573387 3523840 49547 41678 6252 35426 15108 15108 1276453 1264447 12006 BAD DEBT 374000 374000 NON-OFFICE MEMBERSHIP E 196368 184869 11499 EVENT AND INNOVATION DA 143958 143958 14000 14000 10092393 8045001 1709878 337514 446532 2197115 520000 520000 890125 1057444 380331 97407 5142 5906 11515336 9660343 3011679 1854993 657340 581490 5911149 6314355 2718653 2973441 1164740 652704 236574 2039352 544158 10000 2553959 3029626 7218084 8705123 X -1941935 -2390768 635000 0 -1306935 -2390768 5911149 6314355 -1083833 0 X 0 1 X 0 0 X 2120450 2355830 2583389 3378017 5191142 15628828 2120450 2355830 2583389 3378017 5191142 15628828 1219682 14409146 5742 1869 1332 363 420 9726 15638554 28661123 0.92140 0.90500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9524413 7792916 1731497 1990923 1867427 123496 1854993 DEFERRED RENT 2731951 REFUNDABLE DEPOSITS 297675 3029626 9367516 116000 242956 358956 9008560 0 9008560 10451349 116000 242956 358956 10092393 0 10092393 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING - DIRECT EXPENSES 242,956. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING - DIRECT EXPENSES 242,956. MOMENTUM DINNER 913282 791032 122250 7006 141640 385 2500 91425 913282 791032 122250 7006 141640 385 2500 91425 242956 -120706 X 1 1 X X 0 0 0 0 0 0 0 1 0 BETSY ZIEGLER CEO 400433 0 120000 0 0 0 0 0 0 0 520433 0 0 0 LISA LAWS COO 160117 0 0 0 0 0 0 0 0 0 160117 0 0 0 PART I, LINE 7 BETSY ZIEGLER, CEO, RECEIVED A BONUS OF $120,000. THE BONUS WAS $30,000 A YEAR THAT WAS DEFERRED UNTIL FISCAL YEAR 2022. FORM 990, PART VI, SECTION A, LINE 2 KEVIN WILLER, BOARD MEMBER, AND LAURA FERRIS ANDERSON, BUSINESS RELATIONSHIP JIM O'CONNOR, BOARD MEMBER, AND LAURA FERRIS ANDERSON, BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. THE CEO AND CONTROLLER REVIEW THE COMPLETED FORM 990. A FULL COPY OF THE 990 IS PROVIDED TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE CPA FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CEC SENDS OUT ANNUAL REMINDERS TO THE BOARD ASKING FOR UPDATES TO THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS APPROVED BY THE CHAIRMAN OF THE ORGANIZATION. COMPENSATION FOR THE COO IS APPROVED BY THE CHAIRMAN OF THE ORGANIZATION AND THE CEO. ALL STAFF COMPENSATION IS APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET REVIEW AND APPROVAL. SURVEYS AND OTHER SOURCES CONTAINING SALARY INFORMATION ARE USED IN DETERMINING COMPENSATION FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.