WORLD BUSINESS CHICAGO: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
WORLD BUSINESS CHICAGO (EIN 36-4313685)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-13
IRS object ID
201433179349305973
Schema version
2013v3.0
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)
Return2014-11-13T16:14:06-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362938874PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OSTROW REISIN BERK & ABRAMS LTDBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1455 N CITYFRONT PLAZA DRIVE SUITEAddressLine1
Address Line21500AddressLine2
CityCHICAGOCity
StateILState
ZIP Code606115313ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364313685EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WORLD BUSINESS CHICAGOBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlWORLBusinessNameControlTxt
Phone3125530500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1177 NORTH STATE STREET NO 500AddressLine1
CityCHICAGOCity
StateILState
ZIP Code60601ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFF MALEHORNPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone3125530500PhoneNum
Signature2014-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLARRY SOPHIANPreparerPersonNm
PTINP00079652PTIN
Phone3126707444PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJEFF MALEHORNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1177 NORTH STATE STREET NO 500AddressLine1
CityCHICAGOCity
StateILState
ZIP Code60601ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$4,555,351GrossReceiptsAmt
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 (WBC) IS AN ECONOMIC DEVELOPMENT OFFICE, COORDINATING BUSINESS RETENTION, ATTRACTION AND EXPANSION EFFORTS IN ORDER TO SPUR AND ACCELERATE ECONOMIC GROWTH. WBC RAISES CHICAGO'S PROFILE AS A PREMIER BUSINESS DESTINATION AND SERVES AS A RESOURCE FOR COMPANIES.ActivityOrMissionDesc
Voting Members Governing Body66VotingMembersGoverningBodyCnt
Voting Members Independent66VotingMembersIndependentCnt
Total Employee31TotalEmployeeCnt
Total Volunteers66TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$22,533,196PYContributionsGrantsAmt
CY Contributions Grants$4,343,521CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,715PYInvestmentIncomeAmt
CY Investment Income$362CYInvestmentIncomeAmt
PY Other Revenue$99,084PYOtherRevenueAmt
CY Other Revenue$211,468CYOtherRevenueAmt
PY Total Revenue$22,634,995PYTotalRevenueAmt
CY Total Revenue$4,555,351CYTotalRevenueAmt
PY Grants And Similar Paid$1,546,231PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$8,904,769CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,543,533PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,650,292CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$247,826CYTotalFundraisingExpenseAmt
PY Other Expenses$22,092,499PYOtherExpensesAmt
CY Other Expenses$2,617,382CYOtherExpensesAmt
PY Total Expenses$25,182,263PYTotalExpensesAmt
CY Total Expenses$14,172,443CYTotalExpensesAmt
PY Revenues Less Expenses-$2,547,268PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$9,617,092CYRevenuesLessExpensesAmt
Total Assets BOY$18,161,899TotalAssetsBOYAmt
Total Assets EOY$8,894,801TotalAssetsEOYAmt
Total Liabilities BOY$686,623TotalLiabilitiesBOYAmt
Total Liabilities EOY$357,953TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$17,475,276NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,536,848NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWORLD BUSINESS CHICAGO (WBC) IS AN ECONOMIC DEVELOPMENT OFFICE, COORDINATING BUISNESS RETENTION, ATTRACTION, AND EXPANSION EFFORTS IN ORDER TO SPUR AND ACCELERATE ECONOMIC GROWTH. WBC RAISES CHICAGO'S PROFILE AS A PREMIER BUSINESS DESTINATION AND SERVES AS A RESOURCE FOR COMPANIES.MissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,386,012ExpenseAmt
DescPROMOTING CHICAGO AS A BUSINESS LOCATION. LEADING AND COORDINATING THE ECONOMIC DEVELOPMENT OF CHICAGO.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$8,800,300ExpenseAmt
Grant$8,800,000GrantAmt
DescNORTH ATLANTIC TRADE ORGANIZATION EVENT - WBC WAS RESPONSIBLE FOR THE ORGANIZATION AND PRODUCTION OF CERTAIN EVENTS IN CONNECTION WITH MEETINGS CONDUCTED BY THE NORTH ATLANTIC TREATY ORGANIZATION HELD IN CHICAGO IN MAY 2012. THE CONFERENCE WAS A ONE-TIME EVENT FOR WBC AND ALL SUBSTANTIAL PROGRAM SERVICES WERE COMPLETED DURING 2012. THERE ARE REMAINING UNUSED FUNDS THAT ARE TO BE DONATED TO VARIOUS LOCAL ENTITIES UNDER WBC'S PROGRAM CALLED "THE NATO LEGACY". THERE WERE SUCH DONATIONS MADE DURING 2013.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$104,769ExpenseAmt
Grant$104,769GrantAmt
DescSKILLS FOR CHICAGOLAND'S FUTURE (FORMERLY CHICAGO CAREER TECH) IS AN INNOVATIVE JOB-RETRAINING INITIATIVE THAT CLOSES THE WORKFORCE SKILLS GAP BY PROVIDING BUSINESSES WITH TALENTED, RETRAINED PROFESSIONALS TO FILL NEEDED POSITIONS. CHICAGO CAREER TECH PROVIDES UNEMPLOYED EMERGING- AND MIDDLE-INCOME CHICAGO RESIDENTS WITH THE NEW SKILLS NECESSARY TO OBTAIN AND SUCCEED IN HIGH DEMAND TECHNOLOGY-BASED CAREERS.THE PROGRAM SPLIT FROM WBC IN 2011 TO FORM ITS OWN ORGANIZATION. CURRENTLY WBC ACTS AS A GRANT RECIPIENT OF CERTAIN FUNDS WHICH ARE PROVIDED TO SKILLS FOR CHICAGOLAND'S FUTURE THROUGH VARIOUS SUB-GRANT AGREEMENTS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$13,291,081TotalProgramServiceExpensesAmt
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 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
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 Mem0BusinessRlnWithOrgMemInd
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 Document15IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee31EmployeeCnt
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 Members66GoverningBodyVotingMembersCnt
Independent Voting Member66IndependentVotingMemberCnt
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 Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CARRIE SIMMONSBusinessNameLine1
FieldValueIRS element (for citing)
Phone3125530500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1177 NORTH STATE STREET NO 500AddressLine1
CityCHICAGOCity
StateILState
ZIP Code60601ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (73 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
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
JEFF ARONIN
DIRECTOR1.00Yes (X)$0$0$0
TONY BOUCHARD
DIRECTOR1.00Yes (X)$0$0$0
MARSHALL BOUTON
DIRECTOR1.00Yes (X)$0$0$0
BILL BRODSKY
DIRECTOR1.00Yes (X)$0$0$0
GREG BROWN
DIRECTOR1.00Yes (X)$0$0$0
JOHN BUCK
DIRECTOR1.00Yes (X)$0$0$0
DEBRA CAFARO
DIRECTOR1.00Yes (X)$0$0$0
PATRICK CANNING
DIRECTOR1.00Yes (X)$0$0$0
GREG CASE
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
TERRENCE DUFFY
DIRECTOR1.00Yes (X)$0$0$0
DONALD EDWARDS
DIRECTOR1.00Yes (X)$0$0$0
MARK FURLONG
DIRECTOR1.00Yes (X)$0$0$0
MATTHEW GIBSON
DIRECTOR1.00Yes (X)$0$0$0
JAMES T GLERUM
DIRECTOR1.00Yes (X)$0$0$0
ILENE GORDON
DIRECTOR1.00Yes (X)$0$0$0
ANTONIO GRACIAS
DIRECTOR1.00Yes (X)$0$0$0
KELLY GRIER
DIRECTOR1.00Yes (X)$0$0$0
DANIEL M HAMBURGER
DIRECTOR1.00Yes (X)$0$0$0
DEAN HARRISON
DIRECTOR1.00Yes (X)$0$0$0
LORI HEALEY
DIRECTOR1.00Yes (X)$0$0$0
PATRICIA HEMINGWAY HALL
DIRECTOR1.00Yes (X)$0$0$0
MELLODY HOBSON
DIRECTOR1.00Yes (X)$0$0$0
MARK S HOPLAMAZIAN
DIRECTOR1.00Yes (X)$0$0$0
MITCH KREBS
DIRECTOR1.00Yes (X)$0$0$0
ERIC LEFKOFSKY
DIRECTOR1.00Yes (X)$0$0$0
AYLWIN LEWIS
DIRECTOR1.00Yes (X)$0$0$0
SAM MENCOFF
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL H MOSKOW
DIRECTOR1.00Yes (X)$0$0$0
THOMAS F MOTAMED
DIRECTOR1.00Yes (X)$0$0$0
WILLIAM A OSBORN
DIRECTOR1.00Yes (X)$0$0$0
TONY PARASIDA
DIRECTOR1.00Yes (X)$0$0$0
HANK PAULSON
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
JOHN RAU
DIRECTOR1.00Yes (X)$0$0$0
JIM REYNOLDS
DIRECTOR1.00Yes (X)$0$0$0
LARRY RICHMAN
DIRECTOR1.00Yes (X)$0$0$0
DESIREE ROGERS
DIRECTOR1.00Yes (X)$0$0$0
PAT RYAN JR
DIRECTOR1.00Yes (X)$0$0$0
MUNEER A SATTER
DIRECTOR1.00Yes (X)$0$0$0
SAMUEL SCOTT
DIRECTOR1.00Yes (X)$0$0$0
JAMES SKOGSBERGH
DIRECTOR1.00Yes (X)$0$0$0
JEFFERY SMISEK
DIRECTOR1.00Yes (X)$0$0$0
RUSSELL STOKES
DIRECTOR1.00Yes (X)$0$0$0
DAVID P STORCH
DIRECTOR1.00Yes (X)$0$0$0
RICHARD SYKES
DIRECTOR1.00Yes (X)$0$0$0
DON THOMPSON
DIRECTOR1.00Yes (X)$0$0$0
GLENN TILTON
DIRECTOR1.00Yes (X)$0$0$0
CHARLES A TRIBETT III
DIRECTOR1.00Yes (X)$0$0$0
BYRON TROTT
DIRECTOR1.00Yes (X)$0$0$0
GLEN E TULLMAN
DIRECTOR1.00Yes (X)$0$0$0
GREGORY D WASSON
DIRECTOR1.00Yes (X)$0$0$0
KEITH WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
THOMAS J WILSON
DIRECTOR1.00Yes (X)$0$0$0
RITA ATHAS
EXEC DIR - TERM/DIRECTOR40.00Yes (X)$182,411$0$14,509Yes (X)
JEFF MALEHORN
PRESIDENT45.00$207,093$0$14,486Yes (X)
DENNIS VICCHIARELLI
TREASURER/MANAGING DIR45.00$126,463$0$8,935Yes (X)
CARRIE SIMMONS
SECRETARY/DIR OF OPERATION40.00$106,804$0$16,184Yes (X)
CAROLYN PHILLIPS
DIR OF STRATEGIC INITIATIVES40.00$150,595$0$11,380Yes (X)
THOMAS BARTWOSKI
DIR OF INT'L BUSINESS DEVELOPMENT40.00$105,115$0$16,111Yes (X)
LORI BUSH
DIR OF ECONOMIC DEVELOPMENT40.00$121,076$0$8,193Yes (X)
JACOB TRUSSELL
CREATIVE DIRECTOR40.00$101,253$0$19,876Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,100,810TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$109,674TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$1,000,000GovernmentGrantsAmt
All Other Contributions$3,343,521AllOtherContributionsAmt
Total Contributions$4,343,521TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$362TotalRevenueColumnAmt
Exclusion$362ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$211,468TotalRevenueColumnAmt
Exclusion$211,468ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$211,468OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,555,351TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$211,830ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$8,904,769TotalAmt
Program Services$8,904,769ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$676,885TotalAmt
Program Services$511,038ProgramServicesAmt
Management And General$117,264ManagementAndGeneralAmt
Fundraising$48,583FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,496,861TotalAmt
Program Services$1,243,460ProgramServicesAmt
Management And General$253,401ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$26,849TotalAmt
Program Services$22,672ProgramServicesAmt
Management And General$4,177ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$303,952TotalAmt
Program Services$252,321ProgramServicesAmt
Management And General$51,631ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$145,745TotalAmt
Program Services$123,099ProgramServicesAmt
Management And General$19,664ManagementAndGeneralAmt
Fundraising$2,982FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$39,750TotalAmt
Program Services$33,165ProgramServicesAmt
Management And General$5,790ManagementAndGeneralAmt
Fundraising$795FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$331,904TotalAmt
Program Services$282,917ProgramServicesAmt
Management And General$27,454ManagementAndGeneralAmt
Fundraising$21,533FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$61,416TotalAmt
Program Services$52,710ProgramServicesAmt
Management And General$8,564ManagementAndGeneralAmt
Fundraising$142FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$76,789TotalAmt
Program Services$56,679ProgramServicesAmt
Management And General$18,797ManagementAndGeneralAmt
Fundraising$1,313FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$18,694TotalAmt
Program Services$9,597ProgramServicesAmt
Management And General$8,993ManagementAndGeneralAmt
Fundraising$104FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$300,238TotalAmt
Program Services$252,364ProgramServicesAmt
Management And General$41,843ManagementAndGeneralAmt
Fundraising$6,031FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,798TotalAmt
Program Services$3,857ProgramServicesAmt
Management And General$2,941ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$53,333TotalAmt
Program Services$47,010ProgramServicesAmt
Management And General$6,323ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$47,711TotalAmt
Program Services$40,806ProgramServicesAmt
Management And General$4,963ManagementAndGeneralAmt
Fundraising$1,942FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$66,651TotalAmt
Program Services$37,371ProgramServicesAmt
Management And General$27,917ManagementAndGeneralAmt
Fundraising$1,363FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
ECONOMIC DEVELOPMENT$443,394$443,123$271
CHICAGO SISTER CITIES$419,513$256,331$144$163,038
TARGETED INITIATIVE$247,197$247,139$58
BAD DEBT$206,329$206,329

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$297,665TotalAmt
Program Services$264,324ProgramServicesAmt
Management And General$33,341ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,172,443TotalAmt
Program Services$13,291,081ProgramServicesAmt
Management And General$633,536ManagementAndGeneralAmt
Fundraising$247,826FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$14,672,517BOYAmt
EOY$6,027,455EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,298,506BOYAmt
EOY$1,286,427EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,000,647BOYAmt
EOY$1,400,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,841BOYAmt
EOY$22,230EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$49,223BOYAmt
EOY$46,522EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,004,660LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$892,493LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$139,165BOYAmt
EOY$112,167EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$18,161,899BOYAmt
EOY$8,894,801EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$606,241BOYAmt
EOY$269,879EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$80,382BOYAmt
EOY$88,074EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$686,623BOYAmt
EOY$357,953EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,241,056BOYAmt
EOY$4,060,539EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,234,220BOYAmt
EOY$4,476,309EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,475,276BOYAmt
EOY$8,536,848EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,161,899BOYAmt
EOY$8,894,801EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$9,617,092ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$678,664OtherChangesInNetAssetsAmt
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$2,045,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,996,848CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$27,176,924CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$22,533,196CurrentTaxYearMinus1YearAmt
Current Tax Year$4,343,521CurrentTaxYearAmt
Total$67,095,489TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,045,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,996,848CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$27,176,924CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$22,533,196CurrentTaxYearMinus1YearAmt
Current Tax Year$4,343,521CurrentTaxYearAmt
Total$67,095,489TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$7,244,352SubstantialContributorsTotAmt
Public Support Total170$59,851,137PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,708CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,122CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,196CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,715CurrentTaxYearMinus1YearAmt
Current Tax Year$362CurrentTaxYearAmt
Total$14,103TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$72,137CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$63,760CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$104,250CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$99,084CurrentTaxYearMinus1YearAmt
Current Tax Year$211,468CurrentTaxYearAmt
Total$550,699TotalAmt
FieldValueIRS element (for citing)
Total Support$67,660,291TotalSupportAmt
Public Support CY1700.88460PublicSupportCY170Pct
Public Support PY1700.87830PublicSupportPY170Pct
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

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,270OtherCostOrOtherBasisAmt
Depreciation$4,943DepreciationAmt
Book Value$5,327BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$380,108OtherCostOrOtherBasisAmt
Depreciation$315,851DepreciationAmt
Book Value$64,257BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$614,282OtherCostOrOtherBasisAmt
Depreciation$571,699DepreciationAmt
Book Value$42,583BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$112,167TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENTDesc
Amt$88,074Amt
FieldValueIRS element (for citing)
Total Liability$88,074TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$5,386,851TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$831,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported$831,500RevenueNotReportedAmt
Revenue Subtotal$4,555,351RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,555,351TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$15,003,943TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$831,500DonatedServicesUseFcltsAmt
Expenses Not Reported$831,500ExpensesNotReportedAmt
Expenses Subtotal$14,172,443ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$14,172,443TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (8 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2
CHICAGO CAREER TECH SKILLS FOR CHICAGOLAND'S FUTURE
191 NORTH WACKER DRIVE SUITE 925CHICAGOIL60606451287418501(C)(3)$104,769SKILLS FOR CHICAGOLAND'S FUTURE (FORMERLY CHICAGO CAREER TECH) PROVIDES UNEMPLOYED EMERGING- AND MIDDLE-INCOME CHICAGO RESIDENTS WITH THE NEW SKILLS NECESSARY TO OBTAIN AND SUCCEED IN HIGH DEMAND TECHNOLOGY-BASED CAREERS.
THE CHICAGO COMMUNITY FOUNDATION
225 NORTH MICHIGAN AVE SUITE 2200CHICAGOIL60601363432023501(C)(3)$150,000FUNDS WERE DIRECTED TO THE ILLINOIS DREAM FUND SCHOLARSHIP WHICH SEEKS TO CREATE FINANCIAL RESOURCES THAT WILL PROVIDE ACCESS TO EDUCATION FOR UNDOCUMENTED IMMIGRANTS. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM.
INGENUITY INCORPORATED CHICAGO
11 EAST HUBBARD STREET SUITE 200CHICAGOIL60611611652413501(C)(3)$500,000FUNDS WERE DIRECTED TO THE CREATIVE SCHOOLS FUND WHICH IS DESIGNED TO SUPPORT CHICAGO'S PUBLIC SCHOOLS AND TEACHERS IN EXPANDING ARTS INSTRUCTION FOR STUDENTS. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM.
CHILDREN FIRST FUND CHICAGO PUBLIC SCHOOLS FOUNDATION
125 SOUTH CLARK STREETCHICAGOIL60603364094830501(C)(3)$1,000,000FUNDS WERE DIRECTED TO THE KITCHEN COMMUNITY PROJECT WHICH WILL CREATE 60 LEARNING GARDENS AT VARIOUS CHICAGO PUBLIC SCHOOLS THAT ARE DESIGNED TO CREATE AN OUTDOOR CLASSROOM FOR TEACHERS. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM.
CHICAGO PARK DISTRICT
541 NORTH FAIRBANKS CHICAGO ILCHICAGOIL60611366005822115 GOV'T UNIT$5,770,000FUNDS WERE DIRECTED TO SUPPORT PARK IMPROVEMENTS AROUND THE CITY OF CHICAGO. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM.60611
BEVERLY ARTS CENTER
2407 WEST 111TH STREET CHICAGO ILCHICAGOIL60655366165922501(C)(3)$250,000BEVERLY ARTS CENTER IS DEDICATED TO THE COMMUNITY TO PROVIDE A VARIETY OF CHALLENGING AND NEW ARTISTIC PROGRAMMING THROUGH ITS SCHOOL OF THE ARTS, DANCE STUDIO, ADULT AND CHILDREN'S PERFORMANCE PROGRAMMING, SPECIAL EVENTS, AND EDUCATIONAL OUTREACH. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM.60655
THE STARTER LEAGUE
222 WEST MERCHANDISE PLAZA 12THCHICAGOIL60654453091522OTHER ORGANIZATION$130,000FUNDS WERE USED TO FACILITATE A SIX WEEK INTENSIVE COURSE ON COMPUTER CODING FOR SIXTEEN CHICAGO PUBLIC SCHOOL TEACHERS AND CHICAGO CITY COLLEGE PROFESSORS. THESE TEACHERS AND PROFESSORS WILL LEARN HOW TO RE-TEACH THE CIRRICULUM AND HOW TO IMPLEMENET THE COURSES INTO THEIR RESPECTIVE CLASSROOMS. EACH PARTICIPANT ALSO RECEIVED ONE YEAR OF FULL ACCESS AND USAGE OF TSL CURRICULUM PLATFORM; TSL IS A SOCIAL NETWORK WITH 3.3M REGISTERED TEACHERS AND CONTAINS THOUSANDS OF PIECES OF EDUCATION CONTENT. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM.FLOOR
THE CITY OF CHICAGO
121 NORTH LASALLE STREETCHICAGOIL60602366005820115 GOV'T UNIT$1,000,000FUNDS WERE DIRECTED TO THE INVESTMENT IN THE YOUTH WORKING FOR SUCCESS PROGRAM. THE CITY OF CHICAGO WILL DISBURSE FUNDS TO DELEGATE AGENCIES ACROSS CHICAGO TO SUPPORT PROGRAMS THAT TARGET YOUTH WHO ARE TYPICALLY MISSED THROUGH TRADITIONAL AFTER SCHOOL AND SUMMER JOB PROGRAMS BUT WHOSE CHANCES OF INVOLVEMENT IN FUTURE VIOLENCE ARE GREATLY DECREASED BY SUCH INTERVENTION. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM.
FieldValueIRS element (for citing)
Total501c3 Org5Total501c3OrgCnt
Total Other Org3TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationWORLD BUSINESS CHICAGO MONITORS SKILLS FOR CHICAGOLAND'S FUTURE'S (FORMERLY CHICAGO CAREER TECH) GRANT BY REVIEWING THE BUDGET PROPOSAL PROVIDED FOR THE GRANT FUNDS WITH THEIR ACTUALS. THE REPORTS ARE MAINLY DONE ON A QUARTERLY BASIS OR WHEN FUNDS ARE NEEDED FOR REIMBURSEMENT PER THE GRANT AGREEMENT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
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 (3 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
RITA ATHAS
EXEC DIR - TERM/DIRECTOR$182,411$0$0$0$0$0$5,472$0$9,037$0$196,920$0$0$0
JEFF MALEHORN
PRESIDENT$207,093$0$0$0$0$0$6,213$0$8,273$0$221,579$0$0$0
CAROLYN PHILLIPS
DIR OF STRATEGIC INITIATIVES$150,595$0$0$0$0$0$4,457$0$6,923$0$161,975$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2ON MARCH 31, 2013, WBC AND CHICAGO SISTER CITIES INTERNATIONAL PROGRAM, INC (CSCI) COMPLETED A MERGER OF THEIR OPERATIONS. CSCI IS AN ILLINOIS NOT-FOR-PROFIT CORPORATION COMMITTED TO PROMOTING CHICAGO AS A GLOBAL CITY, DEVELOPING INTERNATIONAL PARTNERSHIPS AND NETWORKS, AND SHARING BEST PRACTICES THROUGH CITIZEN-TO-CITIZEN CONNECTIONS.
FORM 990, PART VI, SECTION B, LINE 11THE WORLD BUSINESS CHICAGO BOARD CHAIR REVIEWS AND APPROVES THE FORM 990. ALL MEMBERS OF THE BOARD OF DIRECTORS RECEIVE A COPY OF FORM 990 PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12CWORLD BUSINESS CHICAGO HAS A WRITTEN CONFLICT OF INTEREST POLICY. EACH YEAR, BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICTS.
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 EXECUTIVE COMMITTEE WILL REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT AND ANY OFFICERS OR HIGHLY COMPENSATED EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19WORLD BUSINESS CHICAGO (WBC) ADOPTED A TRANSPARENCY POLICY WHICH STATES THAT ANNUALLY, WBC WILL MAKE PUBLIC A COPY OF ITS AUDITED GAAP FINANCIAL STATEMENTS. 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 ON ADVOCACY). WBC ALSO PUBLISHES AN ANNUAL REPORT ON ITS WEBSITE WHICH CONTAINS FINANCIAL STATEMENTS. THE WEBSITE ALSO CONTAINS MINUTES FROM BOARD MEETINGS.
FORM 990, PART XI, LINE 9:NET ASSETS TRANSFERRED FROM MERGER WITH CHICAGO SISTER CITIES INTL PRG, INC 678,664.

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