2025-11-13T15:31:23-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2024-01-01 362181969 THE CHICAGO COUNCIL ON GLOBAL AFFAIRS CHIC 3127263860 130 E RANDOLPH STREET SUITE 1650 CHICAGO IL 60601 SARAH BREEN CHIEF REVENUE OFFICER 3125054184 2025-11-13 1 1 MARK HEROUX P00959793 3127298000 2025-11-13 2024 2025-03-06 01:10:19Z X LESLIE VINJAMURI 130 E RANDOLPH STREET SUITE 1650 CHICAGO IL 60601 10749523 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. 73 72 53 72 0 0 6865613 7055993 564065 381200 3513494 368565 -153753 -90351 10789419 7715407 0 0 0 0 8927167 5256718 0 0 3145539 7784252 6687371 16711419 11944089 -5922000 -4228682 30119849 23228698 7442122 4069333 22677727 19159365 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 0 1092084 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, THOUGHTFUL DIALOGUES WITH GLOBAL LEADERS, INFLUENCERS, AND EXPERTS. 284583 381200 EMERGING LEADER'S PROGRAM - GLOBALLY MINDED CHICAGO AREA PROFESSIONALS, AGES 35 TO 45 ARE INVITED TO EHANCE THEIR NETWORK BY JOINING THE COUNCIL'S PREMIER COMMUNIY OF VISIONARY LEADERS FROM DIVERSE SECTORS ACROSS CHICAGO, UNITED BY THEIR GLOBAL OUTLOOK ON COMMITMNET TO LOCAL ACTION. 156128 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. 3879484 ALL OTHER PROGRAMS - INCLUDING CENTER ON GLOBAL CITIES, AND CONFERENCES 3879484 5412279 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 53 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 73 72 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X X SARAH BREEN 3127263860 130 E RANDOLPH STREET SUITE 1650 CHICAGO IL 60601 IVO DAALDER PRESIDENT 40.00 X X 482447 0 32475 JOHN ETTELSON CHAIR 2.00 X X 0 0 0 BRETT HART VICE CHAIR 2.00 X X 0 0 0 DAVID REYES VICE CHAIR 2.00 X X 0 0 0 JENNIFER SCANLON VICE CHAIR 2.00 X X 0 0 0 MICHAEL MOSKOW VICE CHAIR 2.00 X X 0 0 0 STEVEN KOCH TREASURER 2.00 X X 0 0 0 DOUGLAS DOETSCH SECRETARY 2.00 X X 0 0 0 LESTER CROWN CHAIR EMERITUS 1.00 X 0 0 0 ADELE SIMMONS BOARD MEMBER 1.00 X 0 0 0 ALEJANDRO SILVA BOARD MEMBER 1.00 X 0 0 0 ALEJANDRO SILVA BOARD MEMBER 1.00 X 0 0 0 ALEX WASHINGTON BOARD MEMBER 1.00 X 0 0 0 ALLEN REICH BOARD MEMBER 1.00 X 0 0 0 AMY FALLS BOARD MEMBER 1.00 X 0 0 0 ANGELO MANIOUDAKIS BOARD MEMBER 1.00 X 0 0 0 ASHISH LAL BOARD MEMBER 2.00 X 0 0 0 BARBARA HIGGINS BOARD MEMBER 1.00 X 0 0 0 BRAD HENDERSON BOARD MEMBER 1.00 X 0 0 0 BRUCE BRAUN BOARD MEMBER 1.00 X 0 0 0 CARLOS CALDERON BOARD MEMBER 1.00 X 0 0 0 CARYN HARRIS BOARD MEMBER 1.00 X 0 0 0 CHARLES EVANS BOARD MEMBER 1.00 X 0 0 0 CLARE MUNANA BOARD MEMBER 1.00 X 0 0 0 CRAIG MARTIN BOARD MEMBER 1.00 X 0 0 0 DARREN ZEIDEL BOARD MEMBER 1.00 X 0 0 0 DAVID VITALE BOARD MEMBER 2.00 X 0 0 0 DECKER WALKER BOARD MEMBER 1.00 X 0 0 0 DONALD COOKE BOARD MEMBER 1.00 X 0 0 0 DORI MCWHORTER BOARD MEMBER 1.00 X 0 0 0 ENDY ZEMENIDES BOARD MEMBER 1.00 X 0 0 0 ERIC LARSON BOARD MEMBER 1.00 X 0 0 0 ERIC WHITAKER BOARD MEMBER 1.00 X 0 0 0 FAY HARTOG-LEVIN BOARD MEMBER 2.00 X 0 0 0 GREG MORRIS BOARD MEMBER 1.00 X 0 0 0 HEATHER RUSSELL BOARD MEMBER 2.00 X 0 0 0 JAMES SPRAYREGEN BOARD MEMBER 1.00 X 0 0 0 JEFF NEAL BOARD MEMBER 1.00 X 0 0 0 JOHN DEBLASIO BOARD MEMBER 1.00 X 0 0 0 JON BANNER BOARD MEMBER 1.00 X 0 0 0 JON BUNGE 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 LEE MILLER BOARD MEMBER 1.00 X 0 0 0 MARGOT PRITZKER BOARD MEMBER 1.00 X 0 0 0 MARIA DOUGHTY BOARD MEMBER 1.00 X 0 0 0 MARIA WYNNE BOARD MEMBER 1.00 X 0 0 0 MARILYN DIAMOND BOARD MEMBER 1.00 X 0 0 0 MARION CAMERON-GRAY 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 FROY BOARD MEMBER 1.00 X 0 0 0 MICHAEL WERNER BOARD MEMBER 2.00 X 0 0 0 OLUFUNMILAYO OLOPADE BOARD MEMBER 1.00 X 0 0 0 PAT VIHTELIC 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 2.00 X 0 0 0 RICHARD PORTER BOARD MEMBER 1.00 X 0 0 0 SAM BARNETT BOARD MEMBER 2.00 X 0 0 0 SCOTT SANTI BOARD MEMBER 1.00 X 0 0 0 STEVE CRUISE BOARD MEMBER 1.00 X 0 0 0 SUZET MCKINNEY BOARD MEMBER 1.00 X 0 0 0 TED SOUDER 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 ZACH EGAN BOARD MEMBER 2.00 X 0 0 0 ROBERT CORDES CONTROLLER 40.00 X 170032 0 5040 LAUREN LAWAL VP, FINANCE & OPERATIONS 40.00 X 280940 0 14273 DINA SMELTZ VP PUBLIC OPINION, FOREIGN POLICY 40.00 X 219156 0 22635 SAMANTHA SKINNER MONROE SVP, MARKETING 40.00 X 214284 0 22788 SARAH BREEN-BARTECKI SVP CHIEF REVENUE OFFICER 40.00 X 180641 0 6211 MATTHEW PORTER SVP & COO 40.00 X 131380 0 13725 1678880 0 117147 13 0 1 0 K&L GATES LLP PO BOX 844255 BOSTON MA 022844255 LEGAL SERVICES 278102 1 1337488 1016246 4702259 272194 7055993 EMERGING LEADERS PARTICIPATION FE 900099 196000 196000 LEADERSHIP STUDY MISSION 900099 185200 185200 381200 656354 656354 24682 0 24682 24682 24682 2610927 2546336 352380 64591 -352380 -287789 -287789 20000 1016246 135400 -115400 -115400 MISCELLANEOUS INCOME 900099 367 367 367 7715407 381200 0 278214 X 1796026 530251 1002425 263350 2488810 1816436 498946 173428 661495 362283 231782 67430 79234 43394 27763 8077 231153 126596 80994 23563 297132 297132 64371 64371 19413 19413 1780378 1006683 576721 196974 243189 235219 1438 6532 235636 80857 93500 61279 822568 678681 70682 73205 188752 157774 28320 2658 193693 51332 7363 134998 325106 63054 262052 RETURN OF FUNDS 2388160 250961 4839 2132360 OTHER OPERATING EXPENSE 128973 8758 118530 1685 11944089 5412279 3386271 3145539 4786877 3797803 4405520 1699867 9806 2582 309954 511736 1574613 1345296 883838 229317 14308741 14403203 5415113 2584190 30119849 23228698 775817 203687 197084 447244 6469221 3418402 7442122 4069333 X 5654123 4306225 17023604 14853140 22677727 19159365 30119849 23228698 -4228682 710320 0 X X 0 1 X 1 0 X 9610596 6183288 8817114 6865613 7055993 38532604 9610596 6183288 8817114 6865613 7055993 38532604 38532604 460208 926572 805566 732900 681036 3606282 664 367 1031 42139917 564065 0.91440 0.92430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14725351 656354 1194256 1523915 19413 15032633 20628833 716194 -1999506 4594235 25935 14725351 26860294 276446 -3628464 2843532 35911 20628833 26672884 22627 3613108 3410352 37973 26860294 25312001 379252 2435270 1425168 38471 26662884 0.99000 0.01000 0 0 37755 18195 19560 1536858 1327101 209757 229317 MARKETABLE SECURITIES 14403203 F 14403203 DEFERRED COMPENSATION PLAN ASSETS 175855 RIGHT OF USE - OPERATING LEASE 2408335 2584190 LEASE LIABILITY 3242547 DEFERRED COMPENSATION PLAN 175855 3418402 X 8561127 710320 135400 845720 7715407 0 7715407 12079489 135400 135400 11944089 0 11944089 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, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 135,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 135,400. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 LEADERSHIP STUDY MISSION EDUCATIONAL SUMMIT 117613 0 0 0 0 0 0 117613 0 117613 0 0 0 0 0 0 GLOBAL LEADERSHIP AWARDS DINNER 1036246 1016246 20000 108655 26745 1036246 1016246 20000 108655 26745 135400 -115400 X 1 1 X X X X 1 1 0 0 0 0 0 0 0 IVO DAALDER PRESIDENT 482447 0 0 0 0 0 17235 0 15240 0 514922 0 514922 0 LAUREN LAWAL VP, FINANCE & OPERATIONS 231325 0 0 0 49615 0 3147 0 11126 0 295213 0 295213 0 DINA SMELTZ VP PUBLIC OPINION, FOREIGN POLICY 219156 0 0 0 0 0 11086 0 11549 0 241791 0 241791 0 SAMANTHA SKINNER MONROE SVP, MARKETING 214284 0 0 0 0 0 10853 0 11935 0 237072 0 237072 0 SARAH BREEN-BARTECKI SVP CHIEF REVENUE OFFICER 180641 0 0 0 0 0 0 0 6211 0 186852 0 186852 0 ROBERT CORDES CONTROLLER 28882 0 0 0 141150 0 1539 0 3501 0 175072 0 175072 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. X 8 272194 FMV 0 0 0 0 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,006,683. MANAGEMENT AND GENERAL EXPENSES 576,721. FUNDRAISING EXPENSES 196,974. TOTAL EXPENSES 1,780,378. FORM 990, PART XII, LINE 2B: MANAGEMENT'S PLANS AND FINANCIAL POSITION (SEE ALSO FOOTNOTE 18 OF THE AUDITED FINANCIAL STATEMENTS) THE CHICAGO COUNCIL ON GLOBAL AFFAIRS CONTINUES TO MAINTAIN A STRONG FINANCIAL POSITION AND A CLEAR STRATEGIC DIRECTION. DURING 2024 AND 2025, MANAGEMENT AND THE BOARD ADVANCED KEY INITIATIVES DESIGNED TO STRENGTHEN THE ORGANIZATION'S FINANCIAL POSITION AND LONG-TERM SUSTAINABILITY, INCLUDING: SUCCESSFUL $3,000,000 FUNDRAISING CAMPAIGN THAT PROVIDED OPERATIONAL STABILITY. STRENGTHENING LEADERSHIP THROUGH THE HIRING IN 2025 OF A NEW PRESIDENT AND CEO, LESLIE VINJAMURI FROM CHATHAM HOUSE IN LONDON. CONTINUED MODERNIZATION OF FINANCIAL AND ADMINISTRATIVE PROCESSES, INCLUDING IMPLEMENTATION OF AN ENTERPRISE RESOURCE PLANNING (ERP) SYSTEM AND IMPROVED INTERNAL OVERSIGHT PROCEDURES. IN SUMMARY, WITH NEW LEADERSHIP, A BREAKEVEN FINANCIAL PLAN FOR 2025 AND A STRONG STATEMENT OF FINANCIAL POSITION WITH $19 MILLION IN NET ASSETS AS OF DECEMBER 31, 2024 AND NO DEBT, THE COUNCIL IS WELL POSITIONED FOR A VIABLE FINANCIAL FUTURE. 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.