2023-11-15T18:01:21-06:00 2022-12-31 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2022-01-01 364313685 WORLD BUSINESS CHICAGO WORL 3125530500 180 NORTH LASALLE STREET 2505 CHICAGO IL 60601 MICHAEL FASSNACHT PRESIDENT & CEO 3125530500 2023-11-15 1 MICHAEL FASSNACHT 999009999 0 MARK HEROUX P00959793 3127298000 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL FASSNACHT 180 NORTH LASALLE STREET SUITE 2505 CHICAGO IL 60601 11613833 0 X WWW.WORLDBUSINESSCHICAGO.COM X 1999 IL WORLD BUSINESS CHICAGO IS THE CITY OF CHICAGO'S PUBLIC-PRIVATE ECONOMIC DEVELOPMENT AGENCY. OUR MISSION IS TO DRIVE INCLUSIVE ECONOMIC GROWTH AND JOB CREATION, SUPPORT BUSINESS, AND PROMOTE CHICAGO AS A LEADING GLOBAL CITY. OUR VISION IS TO ENSURE THAT ALL CHICAGOANS PROSPER. WE DRIVE GROWTH THROUGH BUSINESS RECRUITMENT, EXPANSION, AND RETENTION ASSISTANCE AND CONNECTING BUSINESSES TO RESOURCES AND OPPORTUNITIES. WE CHAMPION CHICAGO AS A WORLD-CLASS CITY THROUGH BUILDING STRATEGIC INDUSTRY PARTNERSHIPS, CONVENING POLICY MAKERS AND LEADERS, AND ADVANCING OPPORTUNITIES FOR MULTICULTURAL ENGAGEMENT. WE UNITE LEADERS TO ADVANCE GROWTH IN CHICAGO'S NEIGHBORHOODS THROUGH TALENT DEVELOPMENT, PROCUREMENT, AND INVESTMENT. 103 103 65 630 0 0 10050376 11327603 0 146010 -32570 6420 -75725 -162298 9942081 11317735 1306063 414800 0 0 4159448 4821378 0 0 319625 3468033 6502895 8933544 11739073 1008537 -421338 9302792 12703057 455492 3840602 8847300 8862455 WORLD BUSINESS CHICAGO IS THE CITY OF CHICAGO'S PUBLIC-PRIVATE ECONOMIC DEVELOPMENT AGENCY. OUR MISSION IS TO DRIVE INCLUSIVE ECONOMIC GROWTH AND JOB CREATION, SUPPORT BUSINESS, AND PROMOTE CHICAGO AS A LEADING GLOBAL CITY. 0 0 10070549 414800 WORLD BUSINESS CHICAGO (WBC) DRIVES ECONOMIC GROWTH THROUGH THREE MAIN AREAS: BUSINESS ATTRACTION AND RETENTION, INCLUSIVE ECONOMIC GROWTH AND JOBS, INTERNATIONAL STRATEGIC INITIATIVES AND CULTURAL EXCHANGE THROUGH THE CHICAGO SISTER CITIES PROGRAM. 10070549 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 75 0 1 65 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 103 103 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 1 0 IL X CARRIE SIMMONS 3125530500 180 NORTH LASALLE STREET SUITE 2505 CHICAGO IL 60601 ROZ BREWER DIRECTOR 1.00 X 0 0 0 PARAMITA DAS DIRECTOR 1.00 X 0 0 0 ROBERT BRONSTEIN DIRECTOR 1.00 X 0 0 0 SCOTT C SWANSON DIRECTOR 1.00 X 0 0 0 RICHARD S PRICE DIRECTOR 1.00 X 0 0 0 RAJ GUPTA DIRECTOR 1.00 X 0 0 0 PIN NI DIRECTOR 1.00 X 0 0 0 SHIV IYER DIRECTOR 1.00 X 0 0 0 PAUL HSU DIRECTOR 1.00 X 0 0 0 MICHAEL REINSDORF DIRECTOR 1.00 X 0 0 0 MARTIN CABRERA DIRECTOR 1.00 X 0 0 0 MARTIN H NESBITT DIRECTOR 1.00 X 0 0 0 STEVE A KERSTEN DIRECTOR 1.00 X 0 0 0 JOHN R ETTELSON DIRECTOR 1.00 X 0 0 0 MICHAEL H MOSKOW DIRECTOR 1.00 X 0 0 0 SUSAN ARTHUR DIRECTOR 1.00 X 0 0 0 THOMAS KILROY DIRECTOR 1.00 X 0 0 0 MATT RENNER DIRECTOR 1.00 X 0 0 0 MICHAEL J SACKS DIRECTOR 1.00 X 0 0 0 JOSE LUIS PRADO DIRECTOR 1.00 X 0 0 0 WENDELL DALLAS DIRECTOR 1.00 X 0 0 0 GLENN TULLMAN DIRECTOR 1.00 X 0 0 0 MICHAEL O'GRADY DIRECTOR 1.00 X 0 0 0 GREGORY C CASE DIRECTOR 1.00 X 0 0 0 MARK S HOPLAMAZIAN DIRECTOR 1.00 X 0 0 0 KATHY SCHERER DIRECTOR 1.00 X 0 0 0 RITA ATHAS EX-OFFICIO DIRECTOR 1.00 X 0 0 0 ANDREA ZOPP EX-OFFICIO DIRECTOR 1.00 X 0 0 0 JEFF MALEHORN EX-OFFICIO DIRECTOR 1.00 X 0 0 0 RYAN SMITH DIRECTOR 1.00 X 0 0 0 LAURA THONN DIRECTOR 1.00 X 0 0 0 MARK A HOPPE DIRECTOR 1.00 X 0 0 0 MARC BAUMANN DIRECTOR 1.00 X 0 0 0 KAREN SAUDER DIRECTOR 1.00 X 0 0 0 LYNN OSMOND DIRECTOR 1.00 X 0 0 0 THOMAS MCELROY DIRECTOR 1.00 X 0 0 0 TONY MAGGIORE DIRECTOR 1.00 X 0 0 0 LINDA IMONTI DIRECTOR 1.00 X 0 0 0 TORRENCE HINTON DIRECTOR 1.00 X 0 0 0 MARK SULLIVAN DIRECTOR 1.00 X 0 0 0 KYLE DEGIULIO DIRECTOR 1.00 X 0 0 0 KRISTEN ROSSI DIRECTOR 1.00 X 0 0 0 KIP KIRKPATRICK DIRECTOR 1.00 X 0 0 0 KEVIN COLE DIRECTOR 1.00 X 0 0 0 KELLY GRAVES DIRECTOR 1.00 X 0 0 0 LUKE PETHERBRIDGE DIRECTOR 1.00 X 0 0 0 GREG KLAMRZYNSKI DIRECTOR 1.00 X 0 0 0 HARDIK BHATT DIRECTOR 1.00 X 0 0 0 DAVID R CASPER DIRECTOR 1.00 X 0 0 0 GREG BROWN DIRECTOR 1.00 X 0 0 0 CURT R BAILEY DIRECTOR 1.00 X 0 0 0 DEAN HARRISON DIRECTOR 1.00 X 0 0 0 ROBBERT RIETBROEK DIRECTOR 1.00 X 0 0 0 DAVE KIMBELL DIRECTOR 1.00 X 0 0 0 CRAIG MARTIN DIRECTOR 1.00 X 0 0 0 BRETT HART DIRECTOR 1.00 X 0 0 0 ALANNA COTTON DIRECTOR 1.00 X 0 0 0 JOHN R WEISS DIRECTOR 1.00 X 0 0 0 MELISSA WERNECK DIRECTOR 1.00 X 0 0 0 JON SHULKIN DIRECTOR 1.00 X 0 0 0 GREG HUGHES DIRECTOR 1.00 X 0 0 0 MARK TEBBE DIRECTOR 1.00 X 0 0 0 JAIME LM JONES DIRECTOR 1.00 X 0 0 0 MARC F SPERBER DIRECTOR 1.00 X 0 0 0 JAMES TURNER DIRECTOR 1.00 X 0 0 0 JASON WORTENDYKE DIRECTOR 1.00 X 0 0 0 LIOR RON DIRECTOR 1.00 X 0 0 0 JEFF SHAPACK DIRECTOR 1.00 X 0 0 0 JENNIFER STEANS DIRECTOR 1.00 X 0 0 0 JUDY TOLAND DIRECTOR 1.00 X 0 0 0 JOHN KOUDOUNIS DIRECTOR 1.00 X 0 0 0 MATT SNYDER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER CRANE DIRECTOR 1.00 X 0 0 0 CHARLES SMITH DIRECTOR 1.00 X 0 0 0 CLIVE CHRISTISON DIRECTOR 1.00 X 0 0 0 JENNIFER SCANLON DIRECTOR 1.00 X 0 0 0 DAVID REIFMAN DIRECTOR 1.00 X 0 0 0 GRANT C UHLIR DIRECTOR 1.00 X 0 0 0 FRANK PASQUESI DIRECTOR 1.00 X 0 0 0 DAVID SIMAS DIRECTOR 1.00 X 0 0 0 FABIANO LIMA DIRECTOR 1.00 X 0 0 0 ERIC LEFKOFSKY DIRECTOR 1.00 X 0 0 0 EDWARD TILLY DIRECTOR 1.00 X 0 0 0 DR OPELLA ERNEST DIRECTOR 1.00 X 0 0 0 JEFFREY S TOROSIAN DIRECTOR 1.00 X 0 0 0 DON WILSON DIRECTOR 1.00 X 0 0 0 DESIREE ROGERS DIRECTOR 1.00 X 0 0 0 DONALD THOMPSON DIRECTOR 1.00 X 0 0 0 DAN RYAN DIRECTOR 1.00 X 0 0 0 BRIAN STANTON DIRECTOR 1.00 X 0 0 0 JIM REYNOLDS DIRECTOR 1.00 X 0 0 0 JIM SKOGSBERGH DIRECTOR 1.00 X 0 0 0 DAVE DOHNALEK DIRECTOR 1.00 X 0 0 0 JOHN BUCK DIRECTOR 1.00 X 0 0 0 JOE ERLINGER DIRECTOR 1.00 X 0 0 0 JOHN C ROBAK DIRECTOR 1.00 X 0 0 0 JOHN HOLMES DIRECTOR 1.00 X 0 0 0 JAMES S CROWN DIRECTOR 1.00 X 0 0 0 JAMES MATANKY DIRECTOR 1.00 X 0 0 0 LORI E LIGHTFOOT CHAIR 1.00 X 0 0 0 MELLODY HOBSON VICE CHAIR 1.00 X 0 0 0 PETER THOMPSON TREASURER 1.00 X 0 0 0 MICHAEL MORKIN SECRETARY 1.00 X 0 0 0 MICHAEL FASSNACHT PRESIDENT & CEO 45.00 X 480586 0 27348 ADRIENNE TONGATE EVP, GLOBAL STRATEGIC INIT 40.00 X 142638 0 10680 LISA DZIEKAN SENIOR VICE PRESIDENT OF B 40.00 X 138576 0 21483 LAFORCE BAKER VICE PRESIDENT OF COMMUNITY IMPACT 40.00 X 140390 0 19963 ABIN KURIAKOSE EVP, INNOVATION & VENTURE 40.00 X 142105 0 15113 CARRIE SIMMONS VICE PRESIDENT OF OPERATIO 40.00 X 146487 0 22683 1190782 0 117270 15 0 1 0 SHOW STRATEGY INC 222 MERCHANDISE MART PLZ STE 154 CHICAGO IL 60654 POP-UP DESIGN & INSTALLATION 1402476 AGENCY EA LLC 311 W WALTON ST CHICAGO IL 60610 CREATIVE & DESIGN SERVICES 361405 HUBBARD GALBRAITH LLC 211 EAST OHIO STREET CHICAGO IL 60611 ACCOUNTING & FINANCE 168000 3 992950 5145914 5188739 11327603 PROGRAM FEES 561499 146010 146010 146010 6420 6420 133800 992950 296098 -162298 -162298 11317735 146010 0 -155878 403800 403800 11000 11000 1310452 870135 313333 126984 2799635 2290256 412512 96867 95901 77255 13012 5634 299667 250165 47170 2332 315723 252603 50888 12232 201400 90630 90630 20140 342122 225828 113892 2402 395430 372351 22885 194 166055 65094 99504 1457 488198 404190 71328 12680 125908 87612 22454 15842 4304415 4304415 7286 6032 1065 189 79296 65651 11585 2060 LICENSES, FEES, DUES AN 247762 174247 67102 6413 CHICAGO SISTER CITIES C 80720 80720 PROFESSIONAL DEVELOPMEN 57376 38565 11539 7272 OTHER 6927 6927 11739073 10070549 1348899 319625 3570541 2418366 525518 527620 4602896 6193181 333974 278779 131158 49489 88956 81669 180907 3203442 9302792 12703057 455492 923793 25000 0 2891809 455492 3840602 X 8508653 8785608 338647 76847 8847300 8862455 9302792 12703057 X -421338 14545 100000 321948 X X 0 1 X 1 1 1 X 9344211 6817307 6385413 10050376 11327603 43924910 9344211 6817307 6385413 10050376 11327603 43924910 43924910 30867 80103 42758 4272 6420 164420 44089330 369948 0.99630 0.99620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131158 49489 81669 81669 DEPOSITS 172384 OTHER CURRENT ASSETS 187222 LEASE ASSET 2843836 3203442 LEASE LIABILITY 2891809 2891809 X 11432280 14545 100000 114545 11317735 0 11317735 11839073 100000 100000 11739073 0 11739073 PART X, LINE 2: WBC HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT WBC WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. FEDERAL AND STATE TAX AND/OR INFORMATION RETURNS OF WBC ARE SUBJECT TO EXAMINATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE RETURNS WERE FILED. 0 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES BUSINESS DEVELOPMENT & DIPLOMATIC 161085 NORTH AMERICA (INCLUDING CANADA AND MEXICO, BUT NOT THE UNITED STATES) 0 0 PROGRAM SERVICES BUSINESS DEVELOPMENT & DIPLOMATIC 86560 0 0 0 0 0 0 247645 0 247645 RUSSIA AND NEIGHBORING STATES HUMANITARIAN ASSISTANCE TO UKRAINE 11000 INTERNATIONAL WIRE 0 1 0 0 0 0 0 0 PART III ACCOUNTING METHOD: GALA 1126750 992950 133800 133010 63612 99476 1126750 992950 133800 133010 63612 99476 296098 -162298 1 CHICAGO LOOP ALLIANCE FOUNDATION 55 W MONROE ST 2660 CHICAGO IL 60603 161765590 501(C)(3) 42000 0 ECONOMIC RECOVERY PROGRAMMING CHICAGO BLEND GROUP INC 2833 N BURLING ST 2N CHICAGO IL 60657 852034595 501(C)(3) 12500 0 DEI IN VENTURE PROGRAMMING ALLIES FOR COMMUNITY BUISNESS INC 135 N KEDZIE AVE CHICAGO IL 60612 363966573 501(C)(3) 261800 0 ECONOMIC RECOVERY PROGRAMMING SOCIALWORKS 12100 WILSHIRE BLVD SUITE 1420 LOS ANGELES CA 90025 813662609 501(C)(3) 10000 0 ECONOMIC RECOVERY PROGRAMMING UNIVERSITY OF ILLINOIS FOUNDATION PO BOX 734500 CHICAGO IL 60673 376006007 501(C)(3) 25000 0 ECONOMIC RECOVERY PROGRAMMING REVIVED SOLDIERS UKRAINE 426 RAEHN ST ORLANDO FL 32806 475315018 501(C)(3) 7500 0 ECONOMIC RECOVERY PROGRAMMING HELP HEROES OF UKRAINE INC 450 KEHOE BLVD CAROL STREAM IL 60188 880982147 501(C)(3) 10000 0 ECONOMIC RECOVERY PROGRAMMING 14 1 X X 0 0 0 0 0 0 0 0 0 MICHAEL FASSNACHT PRESIDENT & CEO 380586 0 100000 0 0 0 10675 0 16673 0 507934 0 0 0 CARRIE SIMMONS VICE PRESIDENT OF OPERATIO 141487 0 5000 0 0 0 5125 0 17558 0 169170 0 0 0 LAFORCE BAKER VICE PRESIDENT OF COMMUNITY IMPACT 135390 0 5000 0 0 0 4864 0 15099 0 160353 0 0 0 LISA DZIEKAN SENIOR VICE PRESIDENT OF B 131076 0 7500 0 0 0 4809 0 16674 0 160059 0 0 0 ABIN KURIAKOSE EVP, INNOVATION & VENTURE 129605 0 12500 0 0 0 2647 0 12466 0 157218 0 0 0 ADRIENNE TONGATE EVP, GLOBAL STRATEGIC INIT 130138 0 12500 0 0 0 4632 0 6048 0 153318 0 0 0 DECASONIC BOARD MEMBER 10000 EVENT SPONSORSHIP 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY EXTERNAL AND INTERNAL ACCOUNTANTS, REVIEWED BY THE PRESIDENT AND OTHER INTERNAL MANAGEMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEE CONFLICT POLICY IS OUTLINED IN THE ORGANIZATION'S EMPLOYEE HANDBOOK, WHICH ARE PROVIDED TO ALL EMPLOYEES WHEN THEY START. IF ANY EMPLOYEE BECOMES AWARE OF ANY POTENTIAL CONFLICTS THEY WOULD NOTIFY THE DIRECTOR OF HUMAN RESOURCES. THE DIRECTOR OF BOARD RELATIONS CIRCULATES CONFLICT STATEMENTS TO DIRECTORS WHEN THEY JOIN THE BOARD AND AGAIN ANNUALLY. THE COMPLETED STATEMENTS ARE REVIEWED BY THE DIRECTOR OF BOARD RELATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTOR OF HUMAN RESOURCES REVIEWS THE COMPENSATION GRADES AND AMOUNTS ON A REGULAR BASIS AND AS NECESSARY, GATHERS EXTERNAL REPORTS TO PROVIDE MARKET INFORMATION. THE PRESIDENT MONITORS ANNUALLY. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ANY CHANGES TO THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 WORLD BUSINESS CHICAGO (WBC) ADOPTED A TRANSPARENCY POLICY WHICH STATES THAT WBC WILL MAKE A COPY OF ITS AUDITED GAAP FINANCIAL STATEMENTS AVAILABLE. WBC DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC BEYOND THE INFORMATION DISCLOSED ON WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION B, LINE 13 & 14 - POLICIES: DOCUMENT RETENTION AND DESTRUCTION POLICY. IN 2015, THE ORGANIZATION IMPLEMENTED A WRITTEN WHISTLEBLOWER POLICY AND A DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART XI, LINE 9: FUNDRAISING EXPENSE 296,098. OTHER ADJUSTMENTS 25,850. FORM 990, PART XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.