2021-11-12T17:09:01-06:00 2020-12-31 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2020-01-01 364313685 WORLD BUSINESS CHICAGO WORL 3125530500 177 NORTH STATE STREET NO 500 CHICAGO IL 60601 MICHAEL FASSNACHT PRESIDENT & CEO 3125530500 2021-11-12 1 MICHAEL FASSNACHT 999009999 MARK HEROUX P00959793 3127298000 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL FASSNACHT 177 N STATE ST STE 500 CHICAGO IL 60601 6428171 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. 79 79 53 630 0 0 6761267 6385413 0 0 80103 -56873 -210224 -96424 6631146 6232116 0 1015548 0 0 4817636 4105796 0 0 557741 2195392 2193521 7013028 7314865 -381882 -1082749 9646324 8111466 741968 239859 8904356 7871607 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 5628454 1015548 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. 5628454 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 53 0 0 0 0 0 0 0 0 0 0 0 X 79 79 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X MICHAEL FASSNACHT 3125530500 177 N STATE ST SUITE 500 CHICAGO IL 60601 LORI E LIGHTFOOT CHAIR 1.00 0.00 X X 0 0 0 MELLODY HOBSON VICE CHAIR 1.00 0.00 X X 0 0 0 JAMES KOLAR TREASURER 1.00 0.00 X X 0 0 0 CARL A ALLEGRETTI FORMER DIRECTOR 1.00 0.00 X 0 0 0 RITA ATHAS DIRECTOR 1.00 0.00 X 0 0 0 JOHN ATKINSON FORMER DIRECTOR 1.00 0.00 X 0 0 0 MARC BAUMANN DIRECTOR 1.00 0.00 X 0 0 0 DAVE BIEGGER DIRECTOR 1.00 0.00 X 0 0 0 JIM BRADY FORMER DIRECTOR 1.00 0.00 X 0 0 0 GREG BROWN DIRECTOR 1.00 0.00 X 0 0 0 JOHN BUCK DIRECTOR 1.00 0.00 X 0 0 0 MARTIN CABRERA DIRECTOR 1.00 0.00 X 0 0 0 DEBRA A CAFARO DIRECTOR 1.00 0.00 X 0 0 0 GREGORY C CASE DIRECTOR 1.00 0.00 X 0 0 0 DAVID R CASPER DIRECTOR 1.00 0.00 X 0 0 0 JAMES B COLEMAN DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER CRANE DIRECTOR 1.00 0.00 X 0 0 0 JAMES S CROWN DIRECTOR 1.00 0.00 X 0 0 0 PARAMITA DAS DIRECTOR 1.00 0.00 X 0 0 0 WENDY DAVIDSON FORMER DIRECTOR 1.00 0.00 X 0 0 0 MARY DILLON DIRECTOR 1.00 0.00 X 0 0 0 GLENN EDEN DIRECTOR 1.00 0.00 X 0 0 0 DONALD EDWARDS DIRECTOR 1.00 0.00 X 0 0 0 JOHN R ETTELSON DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL FASSNACHT DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN FORT FORMER DIRECTOR 1.00 0.00 X 0 0 0 NIEL GOLIGHTLY FORMER DIRECTOR 1.00 0.00 X 0 0 0 ALEX GOURLAY DIRECTOR 1.00 0.00 X 0 0 0 ANTONIO GRACIAS DIRECTOR 1.00 0.00 X 0 0 0 KELLY GRAVES DIRECTOR 1.00 0.00 X 0 0 0 RAJ GUPTA DIRECTOR 1.00 0.00 X 0 0 0 DEAN HARRISON DIRECTOR 1.00 0.00 X 0 0 0 LORI HEALEY FORMER DIRECTOR 1.00 0.00 X 0 0 0 JOHN HOLMES DIRECTOR 1.00 0.00 X 0 0 0 MARK S HOPLAMAZIAN DIRECTOR 1.00 0.00 X 0 0 0 MARK A HOPPE DIRECTOR 1.00 0.00 X 0 0 0 JOHN O HUDSON III DIRECTOR 1.00 0.00 X 0 0 0 LINDA IMONTI DIRECTOR 1.00 0.00 X 0 0 0 STEVE KERSTEN DIRECTOR 1.00 0.00 X 0 0 0 KIP KIRKPATRICK DIRECTOR 1.00 0.00 X 0 0 0 DR JANET KONG DIRECTOR 1.00 0.00 X 0 0 0 ERIC LEFKOFSKY DIRECTOR 1.00 0.00 X 0 0 0 NILA R LEISEROWITZ FORMER DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY F MAGGIORE DIRECTOR 1.00 0.00 X 0 0 0 JEFF MALEHORN DIRECTOR 1.00 0.00 X 0 0 0 JEFF MARKOWITZ DIRECTOR 1.00 0.00 X 0 0 0 CHARLES MATTHEWS DIRECTOR 1.00 0.00 X 0 0 0 TOM MCGUINNESS FORMER DIRECTOR 1.00 0.00 X 0 0 0 DAVID E MOORE FORMER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL H MOSKOW DIRECTOR 1.00 0.00 X 0 0 0 OSCAR MUNOZ DIRECTOR 1.00 0.00 X 0 0 0 MARTIN H NESBITT DIRECTOR 1.00 0.00 X 0 0 0 PIN NI DIRECTOR 1.00 0.00 X 0 0 0 IRIINA NOVOSELSKY DIRECTOR 1.00 0.00 X 0 0 0 VICKI NOONAN FORMER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL O'BRIEN FORMER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J PALUMBO DIRECTOR 1.00 0.00 X 0 0 0 ANGELO PANTELEO DIRECTOR 1.00 0.00 X 0 0 0 ALLYSON PARK DIRECTOR 1.00 0.00 X 0 0 0 HENRY M PAULSON JR FORMER DIRECTOR 1.00 0.00 X 0 0 0 JOSE LUIS PRADO DIRECTOR 1.00 0.00 X 0 0 0 RICHARD S PRICE DIRECTOR 1.00 0.00 X 0 0 0 DAVID REIFMAN DIRECTOR 1.00 0.00 X 0 0 0 PAUL C REILLY DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL REINSDORF DIRECTOR 1.00 0.00 X 0 0 0 JIM REYNOLDS DIRECTOR 1.00 0.00 X 0 0 0 LARRY RICHMAN DIRECTOR 1.00 0.00 X 0 0 0 JOHN C ROBAK DIRECTOR 1.00 0.00 X 0 0 0 DESIREE ROGERS DIRECTOR 1.00 0.00 X 0 0 0 KRISTEN ROSSI DIRECTOR 1.00 0.00 X 0 0 0 DAN RYAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J SACKS DIRECTOR 1.00 0.00 X 0 0 0 DIANA SANDS FORMER DIRECTOR 1.00 0.00 X 0 0 0 KAREN SAUDER DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER SCANLON DIRECTOR 1.00 0.00 X 0 0 0 KATHY SCHERER DIRECTOR 1.00 0.00 X 0 0 0 DAVID SIMAS DIRECTOR 1.00 0.00 X 0 0 0 JAMES SKOGSBERGH DIRECTOR 1.00 0.00 X 0 0 0 MAURICE SMITH DIRECTOR 1.00 0.00 X 0 0 0 JUD SNYDER DIRECTOR 1.00 0.00 X 0 0 0 VIK SOHONI DIRECTOR 1.00 0.00 X 0 0 0 MARK SULLIVAN DIRECTOR 1.00 0.00 X 0 0 0 J DOUGLAS SPARKMAN FORMER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT SWANSON DIRECTOR 1.00 0.00 X 0 0 0 DONALD THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 PETER THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 ED TILLY DIRECTOR 1.00 0.00 X 0 0 0 GLENN F TILTON DIRECTOR 1.00 0.00 X 0 0 0 VINCENT TOMKINSON FORMER DIRECTOR 1.00 0.00 X 0 0 0 GLEN TULLMAN DIRECTOR 1.00 0.00 X 0 0 0 GRANT C UHLIR DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY WALBERT FORMER DIRECTOR 1.00 0.00 X 0 0 0 DON WILSON DIRECTOR 1.00 0.00 X 0 0 0 JAMES P JIM ZALLIE DIRECTOR 1.00 0.00 X 0 0 0 NIKKI M ZOLLAR DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MORKIN SECRETARY 1.00 0.00 X 0 0 0 ANDREA ZOPP PRESIDENT & CEO 60.00 0.00 X 434173 0 11843 DENNIS VICCHIARELLI EXECUTIVE VP BUSINESS DEVELOPMENT 40.00 0.00 X 223252 0 9069 OGECHI HARRY EVP STRAGEY, LEGAL & OPERATIONS 40.00 0.00 X 135746 0 10403 BERNITA JOHNSON-GABRIEL EXECUTIVE VP, NEIGHBORHOOD & STRATEGIC INITIATIVES 40.00 0.00 X 139574 0 12820 CARRIE SIMMONS DIRECTOR OF OPERATIONS & HR 40.00 0.00 X 132046 0 26900 LISA DZIEKAN DIRECTOR OF BUSINESS DEVELOPMENT 40.00 0.00 X 122924 0 30493 THOMAS BARTKOSKI DIRECTOR, INTERNATIONAL BUSINESS DEV 40.00 0.00 X 124769 0 16337 MELANIE SILLAS VP OF DEVELOPMENT 40.00 0.00 X 113977 0 11333 ANDREW HAYES DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 0.00 X 114230 0 15377 ADRIENNE TONGATE EXECUTIVE DIRECTOR CHICAGO SISTER CITIES INTERNATI 40.00 0.00 X 110612 0 10125 MYRNA FARMER DIRECTOR OF BOARD RELATIONS 40.00 0.00 X 103543 0 11709 1754846 0 166409 11 0 1 0 HUBBARD GALBRAITH LLC 211 EAST OHIO STREET CHICAGO IL 60611 ACCOUNTING & FINANCE 168000 GEO SECURITY & INVESTIGATIONS LLC 6333 NORTH KILPATRICK AVE CHICAGO IL 60646 SECURITY CONSULTING 147250 CIVIS ANALYTICS INC 200 W MONROE ST SUITE 2200 CHICAGO IL 60606 CUSTOMIZED SOFTWARE & ANALYTICS 104950 3 423879 1828343 4133191 6385413 42758 42758 99631 -99631 -99631 -99631 0 423879 96424 -96424 -96424 6232116 0 0 -153297 1015548 1015548 1754848 1088761 382828 283259 1637327 1339773 220961 76593 77388 58260 9964 9164 395562 292896 73314 29352 240671 175960 41021 23690 164500 49350 90475 24675 642163 536733 93447 11983 149190 139678 7338 2174 58854 19994 33990 4870 513207 395109 76810 41288 8285 6910 701 674 120054 120054 185517 142835 27760 14922 80711 62142 12077 6492 LICENSES, FEES, DUES AN 213248 133040 55490 24718 CHICAGO SISTER CITIES C 47764 47764 PROFESSIONAL DEVELOPMEN 10028 3647 2494 3887 7314865 5628454 1128670 557741 6735615 7254743 2266200 522903 180080 90000 2580 1648 112403 103260 976714 912416 349446 64298 74614 9646324 8111466 376561 175944 312500 52907 63915 741968 239859 X 7073204 6950611 1831152 920996 8904356 7871607 9646324 8111466 -1082749 50000 0 X X 0 1 X 1 0 X 12986237 10631225 9344211 6817307 6385413 46164393 12986237 10631225 9344211 6817307 6385413 46164393 46164393 1329 4923 30867 80103 42758 159980 46324373 479642 0.99650 0.99390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78496 78496 0 358568 335021 23547 539650 498899 40751 64298 DEFERRED RENT - LT 13915 OTHER CURRENT LIABILITIES 50000 63915 X 7369526 1137410 1137410 6232116 0 6232116 8402275 1087410 1087410 7314865 0 7314865 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, 2020 AND 2019. 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. GALA 423879 423879 28830 67594 423879 423879 28830 67594 96424 -96424 1 CITY OF CHICAGO 121 N LASALLE STREET CHICAGO IL 60602 500000 ECONOMIC DEVELOPMENT SUBGRANTS BUNKER LABS NFP INC 222 W MERCHANDISE MART PLAZA STE 1212 CHICAGO IL 60654 471474802 501(C)(3) 145000 INCLUSIVE GROWTH GRANT FUTURE FOUNDERS FOUNDATION 222 W MERCHANDISE MART PLAZA STE 1212 CHICAGO IL 60654 453340650 501(C)(3) 145000 INCLUSIVE GROWTH GRANT WEST SIDE FORWARD 4950 W THOMAS ST CHICAGO IL 60651 363013241 501(C)(3) 145000 INCLUSIVE GROWTH GRANT ARTS ALLIANCE ILLINOIS 200 W MADISON ST 3RD FLOOR CHICAGO IL 60601 363177592 501(C)(3) 80548 INCLUSIVE GROWTH GRANT 4 1 1 X X X 1 0 0 0 0 0 0 0 0 ANDREA ZOPP PRESIDENT & CEO 434173 0 0 0 0 0 9975 0 1868 0 446016 0 0 0 DENNIS VICCHIARELLI EXECUTIVE VP BUSINESS DEVELOPMENT 223252 0 0 0 0 0 3409 0 5660 0 232321 0 0 0 CARRIE SIMMONS DIRECTOR OF OPERATIONS & HR 132046 0 0 0 0 0 4774 0 22126 0 158946 0 0 0 LISA DZIEKAN DIRECTOR OF BUSINESS DEVELOPMENT 122924 0 0 0 0 0 4500 0 25993 0 153417 0 0 0 BERNITA JOHNSON-GABRIEL EXECUTIVE VP, NEIGHBORHOOD & STRATEG 139574 0 0 0 0 0 4990 0 7830 0 152394 0 0 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, AND CIRCULATED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEE CONFLICT POLICY IS OUTLINED IN THE ORGANIATION EMPLOYEE HANDBOOK, WHICH I PROVIDED TO ALL EMPLOYEES WHEN THEY START. IF ANY EMPLOYEE BECOMES AWARE OF ANY POTENTIAL CONFLICTS THEY WOULD NOTIFY THE DIRECTOR OF HUMAN ESOURCES. THE DIRECTOR OF BOARD RELATIONS CIRCULATES CONFLICT STATEMENTS TO DIRECTORS WHEN THEY JOIN THE BOARD. THE COMPLETED STATEMENTS AE 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 ANNUALLY, 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. THE WBC WEBSITE PROVIDES ACCESS TO WBC'S ETHICS POLICIES (TRANSPARENCY/DISCLOSURE POLICY, CONFLICT OF INTEREST POLICY, POLICY ON ADVOCACY). WBC ALSO PUBLISHES AN ANNUAL REPORT ON ITS WEBSITE WHICH CONTAINS FINANCIAL INFORMATION. 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 XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.