WORLD BUSINESS CHICAGO: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
WORLD BUSINESS CHICAGO (EIN 36-4313685)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201733199349316253
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-11-15T16:40:18-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Baker Tilly Virchow Krause LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1205 N Michigan Ave 2800AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606015927ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364313685EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1World Business ChicagoBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWORLBusinessNameControlTxt
Phone3125330500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1177 North State Street No 500AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAndrea ZoppPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone3125330500PhoneNum
Signature2017-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMark HerouxPreparerPersonNm
PTINP00959793PTIN
Phone3127298000PhoneNum
Preparation2017-11-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.88.202.179IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-15IPDt
IP Tm16:37:07IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdBC09F685FDE84DB8310813647ED41DA63C0BAAFAAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerAndrea ZoppPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1177 N State St Ste 500AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,196,056GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WORLDBUSINESSCHICAGO.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionWORLD BUSINESS CHICAGO IS A PUBLIC-PRIVATE, non-profit partnership that drives (see schedule o) inclusive economic growth and job creation, supports business, and promotes Chicago as a leading global city.ActivityOrMissionDesc
Voting Members Governing Body76VotingMembersGoverningBodyCnt
Voting Members Independent75VotingMembersIndependentCnt
Total Employee55TotalEmployeeCnt
Total Volunteers1118TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,849,684PYContributionsGrantsAmt
CY Contributions Grants$12,986,237CYContributionsGrantsAmt
PY Program Service Revenue$25,300PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$301PYInvestmentIncomeAmt
CY Investment Income$1,329CYInvestmentIncomeAmt
PY Other Revenue-$194,836PYOtherRevenueAmt
CY Other Revenue-$69,587CYOtherRevenueAmt
PY Total Revenue$9,680,449PYTotalRevenueAmt
CY Total Revenue$12,917,979CYTotalRevenueAmt
PY Grants And Similar Paid$209,044PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,183,908CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,094,068PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,467,907CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$762,286CYTotalFundraisingExpenseAmt
PY Other Expenses$4,184,113PYOtherExpensesAmt
CY Other Expenses$4,191,797CYOtherExpensesAmt
PY Total Expenses$8,487,225PYTotalExpensesAmt
CY Total Expenses$10,843,612CYTotalExpensesAmt
PY Revenues Less Expenses$1,193,224PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,074,367CYRevenuesLessExpensesAmt
Total Assets BOY$10,353,459TotalAssetsBOYAmt
Total Assets EOY$12,565,502TotalAssetsEOYAmt
Total Liabilities BOY$871,033TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,008,710TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,482,426NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,556,792NetAssetsOrFundBalancesEOYAmt
MissionWORLD BUSINESS CHICAGO IS A PUBLIC-PRIVATE, NON-PROFIT PARTNERSHIP THAT DRIVES INCLUSIVE ECONOMIC GROWTH AND JOB CREATION, SUPPORTS BUSINESS, AND PROMOTES CHICAGO AS A LEADING GLOBAL CITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,713,590ExpenseAmt
Grant$1,183,909GrantAmt
DescWORLD BUSINESS CHICAGO (WBC) DRIVES ECONOMIC GROWTH THROUGH THREEMAIN AREAS: BUSINESS ATTRACTION AND RETENTION, STRATEGIC PLANECONOMIC GROWTH AND JOBS, INTERNATIONAL STRATEGIC INITIATIVES ANDCULTURAL EXCHANGE THROUGH THE CHICAGO SISTER CITIES PROGRAM.Desc
Total Program Service Expenses$6,713,590TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document46IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee55EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members76GoverningBodyVotingMembersCnt
Independent Voting Member75IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DENNIS CRAIG COOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3125530500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1177 N STATE ST SUITE 500AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (84 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
RAHM EMANUEL
CHAIRMAN1.00Yes (X)$0$0$0
MICHAEL SACKS
VICE CHAIRMAN1.00Yes (X)$0$0$0
JIM ABRAMS
DIRECTOR1.00Yes (X)$0$0$0
ANTHONY K ANDERSON
DIRECTOR1.00Yes (X)$0$0$0
ANDREW APPEL
DIRECTOR1.00Yes (X)$0$0$0
JEFF ARONIN
DIRECTOR1.00Yes (X)$0$0$0
RITA ATHAS
DIRECTOR1.00Yes (X)$0$0$0
MELISSA BEAN
DIRECTOR1.00Yes (X)$0$0$0
JIM BRADY
DIRECTOR1.00Yes (X)$0$0$0
BILL BRODSKY
DIRECTOR1.00Yes (X)$0$0$0
GREG Q BROWN
DIRECTOR1.00Yes (X)$0$0$0
JOHN BUCK
DIRECTOR1.00Yes (X)$0$0$0
MARTIN CABRERA
DIRECTOR1.00Yes (X)$0$0$0
DEBRA A CAFARO
DIRECTOR1.00Yes (X)$0$0$0
PATRICK CANNING
DIRECTOR1.00Yes (X)$0$0$0
GREGORY C CASE
DIRECTOR1.00Yes (X)$0$0$0
DAVID CASPER
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER CRANE
DIRECTOR1.00Yes (X)$0$0$0
JAMES S CROWN
DIRECTOR1.00Yes (X)$0$0$0
DEBORAH DEHAAS
DIRECTOR1.00Yes (X)$0$0$0
MARY DILLON
DIRECTOR1.00Yes (X)$0$0$0
CRAIG J DUCHOSSOIS
DIRECTOR1.00Yes (X)$0$0$0
DONALD EDWARDS
DIRECTOR1.00Yes (X)$0$0$0
MIKE ENGLEHART
DIRECTOR1.00Yes (X)$0$0$0
JOHN FLANNERY
DIRECTOR1.00Yes (X)$0$0$0
MARK FURLONG
DIRECTOR1.00Yes (X)$0$0$0
MARGO GEORGIADIS
DIRECTOR1.00Yes (X)$0$0$0
MATTHEW GIBSON
DIRECTOR1.00Yes (X)$0$0$0
ILENE GORDON
DIRECTOR1.00Yes (X)$0$0$0
ALEX GOURLAY
DIRECTOR1.00Yes (X)$0$0$0
ANTHONIO GRACIAS
DIRECTOR1.00Yes (X)$0$0$0
DEAN HARRISON
DIRECTOR1.00Yes (X)$0$0$0
LORI HEALEY
DIRECTOR1.00Yes (X)$0$0$0
MARK S HOPLAMAZIAN
DIRECTOR1.00Yes (X)$0$0$0
LAMAR A JOHNSON
DIRECTOR1.00Yes (X)$0$0$0
STEVE KERSTEN
DIRECTOR1.00Yes (X)$0$0$0
JAMES P KOLAR
DIRECTOR1.00Yes (X)$0$0$0
MITCHELL J KREBS
DIRECTOR1.00Yes (X)$0$0$0
ERIC LEFKOFSKY
DIRECTOR1.00Yes (X)$0$0$0
DAN'L LEWIN
DIRECTOR1.00Yes (X)$0$0$0
AYLWIN LEWIS
DIRECTOR1.00Yes (X)$0$0$0
CHARLES MATTHEWS
DIRECTOR1.00Yes (X)$0$0$0
SAM MENCOFF
DIRECTOR1.00Yes (X)$0$0$0
JAMIE MILLER
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL H MOSKOW
DIRECTOR1.00Yes (X)$0$0$0
OSCAR MUNOZ
DIRECTOR1.00Yes (X)$0$0$0
PIN NI
DIRECTOR1.00Yes (X)$0$0$0
WILLIAM A OSBORN
DIRECTOR1.00Yes (X)$0$0$0
HENRY M PAULSON JR
DIRECTOR1.00Yes (X)$0$0$0
JOSE LUIS PRADO
DIRECTOR1.00Yes (X)$0$0$0
JOHN PRATT
DIRECTOR1.00Yes (X)$0$0$0
RICHARD PRICE
DIRECTOR1.00Yes (X)$0$0$0
JB PRITZKER
DIRECTOR1.00Yes (X)$0$0$0
FRANK PTAK
DIRECTOR1.00Yes (X)$0$0$0
JOHN RAU
DIRECTOR1.00Yes (X)$0$0$0
JIM REYNOLDS
DIRECTOR1.00Yes (X)$0$0$0
LARRY RICHMAN
DIRECTOR1.00Yes (X)$0$0$0
ROBBIE ROBINSON
DIRECTOR1.00Yes (X)$0$0$0
DESIREE ROGERS
DIRECTOR1.00Yes (X)$0$0$0
PAT RYAN JR
DIRECTOR1.00Yes (X)$0$0$0
DIANA SANDS
DIRECTOR1.00Yes (X)$0$0$0
MUNEER A SATTER
DIRECTOR1.00Yes (X)$0$0$0
SAMUEL SCOTT
DIRECTOR1.00Yes (X)$0$0$0
KIMBERLY SIMIOS
DIRECTOR1.00Yes (X)$0$0$0
VIRGINIA SIMMONS
DIRECTOR1.00Yes (X)$0$0$0
JAMES SKOGSBERGH
DIRECTOR1.00Yes (X)$0$0$0
J DOUGLAS SPARKMAN
DIRECTOR1.00Yes (X)$0$0$0
PAULA STEINER
DIRECTOR1.00Yes (X)$0$0$0
HUGH SULLIVAN
DIRECTOR1.00Yes (X)$0$0$0
ROBERT SULLIVAN
DIRECTOR1.00Yes (X)$0$0$0
DONALD THOMPSON
DIRECTOR1.00Yes (X)$0$0$0
GLENN F TILTON
DIRECTOR1.00Yes (X)$0$0$0
TIMOTHY WALBERT
DIRECTOR1.00Yes (X)$0$0$0
KEITH WILLIAMS
DIRECTOR1.00Yes (X)$127,006$0$0
JEFF MALEHORN
PRESIDENT & CEO45.00$482,653$0$37,006Yes (X)
DENNIS VICCHIARELLI
TREASURER/MANAGING DIRECTO40.00$157,658$0$13,353Yes (X)
CARRIE SIMMONS
SECRETARY/DIR OF OPERATION40.00$120,759$0$21,345Yes (X)
CAROLYN PHILLIPS
DIR OF STRATEGIC INITIATIV40.00$171,351$0$16,469Yes (X)
LORI BUSH
DIR OF ECONOMIC DEVELOPMEN40.00$138,281$0$11,929Yes (X)
WENDI TAYLOR NATION
CHIEF MARKETING OFFICER40.00$190,890$0$24,432Yes (X)
JOHN RAMIREZ
PLAN DIRECTOR40.00$142,535$0$15,234Yes (X)
THOMAS BARTKOSKI
DIR OF INT'L BUS. DEVELOPM40.00$138,487$0$18,617Yes (X)
LEROY ALLALA
DIR OF SISTER CITIES INTER'L40.00$125,655$0$0Yes (X)0.00
DENNIS CRAIG
CHIEF OPERATING OFFICER40.00$132,561$0$2,490Yes (X)0.00
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,927,836TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$160,875TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K11IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Hill & Knowlton Strategies
222 Merchandise Mart Plz Ste 275ChicagoIL60654Marketing and P/R mgmt$220,000
DAVID BOUL
177 N STATE STREET STE 500CHICAGOIL60601STRATEGIC MANAGEMENT$182,000
Next Street Financial
135 S LaSalle St Suite 2120ChicagoIL60603STRATEGIC PLANNING$180,000
U3 Advisory
230 W 41st Street Suite 1103New YorkNY10036STRATEGIC PLANNING$135,415
Hubbard Galbraith LLC
211 East Ohio Street Suite 2618CHICAGOIL60611Consulting Services$100,025
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Fundraising$867,410FundraisingAmt
Government Grants$1,620,075GovernmentGrantsAmt
All Other Contributions$10,498,752AllOtherContributionsAmt
Total Contributions$12,986,237TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,329TotalRevenueColumnAmt
Exclusion$1,329ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$57,590FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$867,410ContriRptFundraisingEventAmt
Fundraising Direct Expenses$278,077FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$220,487TotalRevenueColumnAmt
Exclusion-$220,487ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$150,900TotalRevenueColumnAmt
Exclusion$150,900ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$150,900OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,917,979TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$68,258ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,130,262TotalAmt
Program Services$1,130,262ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$53,646TotalAmt
Program Services$53,646ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,455,549TotalAmt
Program Services$478,848ProgramServicesAmt
Management And General$752,354ManagementAndGeneralAmt
Fundraising$224,347FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,607,847TotalAmt
Program Services$2,344,809ProgramServicesAmt
Management And General$986,582ManagementAndGeneralAmt
Fundraising$276,456FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$113,595TotalAmt
Program Services$63,348ProgramServicesAmt
Management And General$39,012ManagementAndGeneralAmt
Fundraising$11,235FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$290,916TotalAmt
Program Services$162,232ProgramServicesAmt
Management And General$99,910ManagementAndGeneralAmt
Fundraising$28,774FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$127,889TotalAmt
Management And General$127,889ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,746,642TotalAmt
Program Services$1,299,231ProgramServicesAmt
Management And General$323,457ManagementAndGeneralAmt
Fundraising$123,954FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$238,404TotalAmt
Program Services$93,002ProgramServicesAmt
Management And General$132,232ManagementAndGeneralAmt
Fundraising$13,170FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$324,561TotalAmt
Program Services$138,696ProgramServicesAmt
Management And General$174,493ManagementAndGeneralAmt
Fundraising$11,372FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$484,493TotalAmt
Program Services$10,469ProgramServicesAmt
Management And General$473,008ManagementAndGeneralAmt
Fundraising$1,016FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$284,982TotalAmt
Program Services$228,113ProgramServicesAmt
Management And General$47,871ManagementAndGeneralAmt
Fundraising$8,998FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$488,148TotalAmt
Program Services$439,419ProgramServicesAmt
Fundraising$48,729FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$106,528TotalAmt
Management And General$106,528ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$74,310TotalAmt
Management And General$74,310ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
CHICAGO SISTER CITIES I$208,859$208,842$17
Professional Developmen$63,481$40,023$8,368$15,090
Bad Debt$43,500$22,650$5,850$15,000

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,843,612TotalAmt
Program Services$6,713,590ProgramServicesAmt
Management And General$3,367,736ManagementAndGeneralAmt
Fundraising$762,286FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$6,657,430BOYAmt
EOY$6,223,997EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,286,899BOYAmt
EOY$500,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,941,775BOYAmt
EOY$5,369,602EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$715BOYAmt
EOY$15,301EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$79,573BOYAmt
EOY$149,925EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,080,439LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$773,762LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$387,067BOYAmt
EOY$306,677EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,353,459BOYAmt
EOY$12,565,502EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$685,344BOYAmt
EOY$888,396EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$45,693BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$139,996BOYAmt
EOY$120,314EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$871,033BOYAmt
EOY$1,008,710EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,006,685BOYAmt
EOY$7,268,554EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,475,741BOYAmt
EOY$4,288,238EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,482,426BOYAmt
EOY$11,556,792EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,353,459BOYAmt
EOY$12,565,502EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,074,367ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,533,196CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,343,521CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,535,601CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,849,684CurrentTaxYearMinus1YearAmt
Current Tax Year$12,986,237CurrentTaxYearAmt
Total$57,248,239TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,533,196CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,343,521CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,535,601CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,849,684CurrentTaxYearMinus1YearAmt
Current Tax Year$12,986,237CurrentTaxYearAmt
Total$57,248,239TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,284,746SubstantialContributorsTotAmt
Public Support Total170$52,963,493PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,715CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$362CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$182CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$301CurrentTaxYearMinus1YearAmt
Current Tax Year$1,329CurrentTaxYearAmt
Total$4,889TotalAmt
FieldValueIRS element (for citing)
Total Support$57,253,128TotalSupportAmt
Gross Receipts Rltd Activities$476,200GrossReceiptsRltdActivitiesAmt
Public Support CY1700.92510PublicSupportCY170Pct
Public Support PY1700.89060PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$78,496OtherCostOrOtherBasisAmt
Depreciation$39,068DepreciationAmt
Book Value$39,428BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$462,293OtherCostOrOtherBasisAmt
Depreciation$348,700DepreciationAmt
Book Value$113,593BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$539,650OtherCostOrOtherBasisAmt
Depreciation$385,994DepreciationAmt
Book Value$153,656BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$306,677TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED RENT - LT$106,106
DEFERRED RENT - ST$14,208
FieldValueIRS element (for citing)
Total Liability$120,314TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$15,351,208TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$2,433,229DonatedServicesAndUseFcltsAmt
Revenue Not Reported$2,433,229RevenueNotReportedAmt
Revenue Subtotal$12,917,979RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,917,979TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,276,842TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$2,433,229DonatedServicesUseFcltsAmt
Other Expenses Included$1OtherExpensesIncludedAmt
Expenses Not Reported$2,433,230ExpensesNotReportedAmt
Expenses Subtotal$10,843,612ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$10,843,612TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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, 2016 and 2015. 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.
Part XII, Line 2d - Other Adjustments:Rounding

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland & Greenland)00GRANT AWARDASSIST WITH REFUGEE CRISIS TO SISTER CITY$8,000
Middle East and North Africa00GRANT AWARDWEBSITE DEVELOPMENT FOR EXCHANGE OF INFO TO PROVIDE CULTURAL UNDERSTANDING$45,467
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$53,467SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$53,467TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Europe (Including Iceland & Greenland)$8,000wire
Middle East and North Africa$45,647wire
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GalaEvent1Nm
Gross Receipts Event1$925,000GrossReceiptsEvent1Amt
Charitable Contri Event1$867,410CharitableContriEvent1Amt
Gross Revenue Event1$57,590GrossRevenueEvent1Amt
Rent Facility Costs Event1$4,341RentFacilityCostsEvent1Amt
Food And Beverage Event1$98,972FoodAndBeverageEvent1Amt
Entertainment Event1$51,828EntertainmentEvent1Amt
Other Direct Expenses Event1$122,936OtherDirectExpensesEvent1Amt
Gross Receipts Total$925,000GrossReceiptsTotalAmt
Charitable Contributions Tot$867,410CharitableContributionsTotAmt
Gross Revenue Total Events$57,590GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$4,341RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$98,972FoodAndBeverageTotalEventsAmt
Entertainment Total Events$51,828EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$122,936OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$278,077DirectExpenseSummaryEventsAmt
Net Income Summary-$220,487NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
PINCH PROVISIONS
1515 CARMENElk GroveIL60007999999999501(c)(3)$10,000Assistance to small and medium sized companies to maximize exporting potential.
CURRENT INNOVATIONS NFP
177 N State St Suite 500ChicagoIL60601812620127501(c)(3)$600,000To use for programming and administrative expenses, specifically to advance the Chicago water industry to leverege its strengths for global environmental and economic impact.
MHUB
965 W Chicago AveChicagoIL60642463388438501(c)(3)$336,692To use for programming and administrative expenses, specifically to further develop mHub as Chicago's innovation center for physical product development and manufacturing
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationBOARD OF DIRECTORS AT WORLD BUSINESS CHICAGO.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JEFF MALEHORN
PRESIDENT & CEO$392,653$0$90,000$0$0$0$13,125$0$23,881$0$519,659$0$0$0
DENNIS VICCHIARELLI
TREASURER/MANAGING DIRECTO$157,658$0$0$0$0$0$4,861$0$8,492$0$171,011$0$0$0
CAROLYN PHILLIPS
DIR OF STRATEGIC INITIATIV$171,351$0$0$0$0$0$5,209$0$11,260$0$187,820$0$0$0
LORI BUSH
DIR OF ECONOMIC DEVELOPMEN$138,281$0$0$0$0$0$4,891$0$7,038$0$150,210$0$0$0
WENDI TAYLOR NATION
CHIEF MARKETING OFFICER$190,890$0$0$0$0$0$6,341$0$18,091$0$215,322$0$0$0
JOHN RAMIREZ
PLAN DIRECTOR$142,535$0$0$0$0$0$3,887$0$11,347$0$157,769$0$0$0
THOMAS BARTKOSKI
DIR OF INT'L BUS. DEVELOPM$138,487$0$0$0$0$0$3,328$0$15,289$0$157,104$0$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Rita AthasBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionBoard memberRelationshipDescriptionTxt
Transaction$60,000TransactionAmt
TransactionconsultingTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bThe World Business Chicago Audit Committee reviews and recommends approval of the Form 990 to the Executive Committee. The Executive Committee gives the final approval and a copy is distributed to all board members prior to its filing.
Form 990, Part VI, Section B, line 12cThe Conflict of Interest Policy affects both WBC directors or employees. If any director or employee becomes aware of any existing or proposed transaction with an entity that has a "substantial connection" with a immediate family member of the director or employee or one that would reasonably create the perception that the individual has a substantial bias in favor of the entity, then the director or employee shall promptly notify the WBC Vice Chairman or designee on the EC if he is conflicted that there is a potential conflict and disclose the circumstances. The WBC Vice Chairman or his designee shall determine whether Executive Committee approval of the action is required based on whether the connection between the entity and the WBC director or employee is sufficiently significant to create a conflict of interest or the appearance of a conflict of interest. The Vice Chairman's or his designee's determination and reasons shall be documented.
Form 990, Part VI, Section B, line 15During 2009, a member of the executive committee researched the salaries at organizations with similar size and scope to determine if current salaries are reasonable. In future compensation adjustments, the president will review and approve the salaries of all staff members. In 2016, the organization conducted a compensation study to determine if current salaries for all positions other than the president and the president reviewed and made adjustments accordingly. The executive committee reviewed and approved any adjustments to the president's salary.
Form 990, Part VI, Section C, line 19World 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 IX, line 11gStrategic Planning: Program service expenses 0. Management and general expenses 242,000. Fundraising expenses 0. Total expenses 242,000. Other: Program service expenses 36,648. Management and general expenses 27,864. Fundraising expenses 58,198. Total expenses 122,710. IT: Program service expenses 27,600. Management and general expenses 53,593. Fundraising expenses 0. Total expenses 81,193. Events: Program service expenses 101,631. Management and general expenses 0. Fundraising expenses 0. Total expenses 101,631. Programming: Program service expenses 813,590. Management and general expenses 0. Fundraising expenses 0. Total expenses 813,590. Marketing & PR: Program service expenses 319,762. Management and general expenses 0. Fundraising expenses 0. Total expenses 319,762. Development: Program service expenses 0. Management and general expenses 0. Fundraising expenses 65,756. Total expenses 65,756.
Form 990, Part XI, line 9:Rounding -1.
Form 990, Part XII, Line 2c:The organization did not changed either its oversight process or selection process during the tax year.

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