2014-11-13T16:14:06-06:00 2013-12-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DRIVE SUITE 1500 CHICAGO IL 606115313 990 2013-01-01 364313685 WORLD BUSINESS CHICAGO WORL 3125530500 177 NORTH STATE STREET NO 500 CHICAGO IL 60601 JEFF MALEHORN PRESIDENT & CEO 3125530500 2014-11-13 1 LARRY SOPHIAN P00079652 3126707444 2013 2015-11-30 17:44:51Z JEFF MALEHORN 177 NORTH STATE STREET NO 500 CHICAGO IL 60601 4555351 0 X WWW.WORLDBUSINESSCHICAGO.COM X 1999 IL WORLD 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. 66 66 31 66 0 0 22533196 4343521 0 0 2715 362 99084 211468 22634995 4555351 1546231 8904769 0 0 1543533 2650292 0 0 247826 22092499 2617382 25182263 14172443 -2547268 -9617092 18161899 8894801 686623 357953 17475276 8536848 X WORLD 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. 1 0 4386012 PROMOTING CHICAGO AS A BUSINESS LOCATION. LEADING AND COORDINATING THE ECONOMIC DEVELOPMENT OF CHICAGO. 8800300 8800000 NORTH 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. 104769 104769 SKILLS 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. 13291081 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 31 1 0 0 0 0 0 1 1 0 0 0 0 X 66 66 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 IL X CARRIE SIMMONS 3125530500 177 NORTH STATE STREET NO 500 CHICAGO IL 60601 RAHM EMANUEL CHAIRMAN 1.00 X 0 0 0 MICHAEL SACKS VICE CHAIRMAN 1.00 X 0 0 0 JIM ABRAMS DIRECTOR 1.00 X 0 0 0 ANTHONY K ANDERSON DIRECTOR 1.00 X 0 0 0 JEFF ARONIN DIRECTOR 1.00 X 0 0 0 TONY BOUCHARD DIRECTOR 1.00 X 0 0 0 MARSHALL BOUTON DIRECTOR 1.00 X 0 0 0 BILL BRODSKY DIRECTOR 1.00 X 0 0 0 GREG BROWN DIRECTOR 1.00 X 0 0 0 JOHN BUCK DIRECTOR 1.00 X 0 0 0 DEBRA CAFARO DIRECTOR 1.00 X 0 0 0 PATRICK CANNING DIRECTOR 1.00 X 0 0 0 GREG CASE DIRECTOR 1.00 X 0 0 0 CHRISTOPHER CRANE DIRECTOR 1.00 X 0 0 0 JAMES S CROWN DIRECTOR 1.00 X 0 0 0 DEBORAH DEHAAS DIRECTOR 1.00 X 0 0 0 MARY DILLON DIRECTOR 1.00 X 0 0 0 CRAIG J DUCHOSSOIS DIRECTOR 1.00 X 0 0 0 TERRENCE DUFFY DIRECTOR 1.00 X 0 0 0 DONALD EDWARDS DIRECTOR 1.00 X 0 0 0 MARK FURLONG DIRECTOR 1.00 X 0 0 0 MATTHEW GIBSON DIRECTOR 1.00 X 0 0 0 JAMES T GLERUM DIRECTOR 1.00 X 0 0 0 ILENE GORDON DIRECTOR 1.00 X 0 0 0 ANTONIO GRACIAS DIRECTOR 1.00 X 0 0 0 KELLY GRIER DIRECTOR 1.00 X 0 0 0 DANIEL M HAMBURGER DIRECTOR 1.00 X 0 0 0 DEAN HARRISON DIRECTOR 1.00 X 0 0 0 LORI HEALEY DIRECTOR 1.00 X 0 0 0 PATRICIA HEMINGWAY HALL DIRECTOR 1.00 X 0 0 0 MELLODY HOBSON DIRECTOR 1.00 X 0 0 0 MARK S HOPLAMAZIAN DIRECTOR 1.00 X 0 0 0 MITCH KREBS DIRECTOR 1.00 X 0 0 0 ERIC LEFKOFSKY DIRECTOR 1.00 X 0 0 0 AYLWIN LEWIS DIRECTOR 1.00 X 0 0 0 SAM MENCOFF DIRECTOR 1.00 X 0 0 0 MICHAEL H MOSKOW DIRECTOR 1.00 X 0 0 0 THOMAS F MOTAMED DIRECTOR 1.00 X 0 0 0 WILLIAM A OSBORN DIRECTOR 1.00 X 0 0 0 TONY PARASIDA DIRECTOR 1.00 X 0 0 0 HANK PAULSON DIRECTOR 1.00 X 0 0 0 JOSE LUIS PRADO DIRECTOR 1.00 X 0 0 0 JOHN PRATT DIRECTOR 1.00 X 0 0 0 RICHARD PRICE DIRECTOR 1.00 X 0 0 0 JB PRITZKER DIRECTOR 1.00 X 0 0 0 JOHN RAU DIRECTOR 1.00 X 0 0 0 JIM REYNOLDS DIRECTOR 1.00 X 0 0 0 LARRY RICHMAN DIRECTOR 1.00 X 0 0 0 DESIREE ROGERS DIRECTOR 1.00 X 0 0 0 PAT RYAN JR DIRECTOR 1.00 X 0 0 0 MUNEER A SATTER DIRECTOR 1.00 X 0 0 0 SAMUEL SCOTT DIRECTOR 1.00 X 0 0 0 JAMES SKOGSBERGH DIRECTOR 1.00 X 0 0 0 JEFFERY SMISEK DIRECTOR 1.00 X 0 0 0 RUSSELL STOKES DIRECTOR 1.00 X 0 0 0 DAVID P STORCH DIRECTOR 1.00 X 0 0 0 RICHARD SYKES DIRECTOR 1.00 X 0 0 0 DON THOMPSON DIRECTOR 1.00 X 0 0 0 GLENN TILTON DIRECTOR 1.00 X 0 0 0 CHARLES A TRIBETT III DIRECTOR 1.00 X 0 0 0 BYRON TROTT DIRECTOR 1.00 X 0 0 0 GLEN E TULLMAN DIRECTOR 1.00 X 0 0 0 GREGORY D WASSON DIRECTOR 1.00 X 0 0 0 KEITH WILLIAMS DIRECTOR 1.00 X 0 0 0 THOMAS J WILSON DIRECTOR 1.00 X 0 0 0 RITA ATHAS EXEC DIR - TERM/DIRECTOR 40.00 X X 182411 0 14509 JEFF MALEHORN PRESIDENT 45.00 X 207093 0 14486 DENNIS VICCHIARELLI TREASURER/MANAGING DIR 45.00 X 126463 0 8935 CARRIE SIMMONS SECRETARY/DIR OF OPERATION 40.00 X 106804 0 16184 CAROLYN PHILLIPS DIR OF STRATEGIC INITIATIVES 40.00 X 150595 0 11380 THOMAS BARTWOSKI DIR OF INT'L BUSINESS DEVELOPMENT 40.00 X 105115 0 16111 LORI BUSH DIR OF ECONOMIC DEVELOPMENT 40.00 X 121076 0 8193 JACOB TRUSSELL CREATIVE DIRECTOR 40.00 X 101253 0 19876 1100810 0 109674 8 0 1 0 0 1000000 3343521 4343521 362 362 MISCELLANEOUS REVENUE 900099 211468 211468 211468 4555351 0 0 211830 8904769 8904769 676885 511038 117264 48583 1496861 1243460 253401 26849 22672 4177 303952 252321 51631 145745 123099 19664 2982 39750 33165 5790 795 331904 282917 27454 21533 61416 52710 8564 142 76789 56679 18797 1313 18694 9597 8993 104 300238 252364 41843 6031 6798 3857 2941 53333 47010 6323 47711 40806 4963 1942 66651 37371 27917 1363 ECONOMIC DEVELOPMENT 443394 443123 271 CHICAGO SISTER CITIES 419513 256331 144 163038 TARGETED INITIATIVE 247197 247139 58 BAD DEBT 206329 206329 297665 264324 33341 14172443 13291081 633536 247826 14672517 6027455 1298506 1286427 2000647 1400000 1841 22230 49223 46522 1004660 892493 139165 112167 18161899 8894801 606241 269879 80382 88074 686623 357953 X 4241056 4060539 13234220 4476309 17475276 8536848 18161899 8894801 X -9617092 678664 X 0 1 X 1 0 X 2045000 10996848 27176924 22533196 4343521 67095489 2045000 10996848 27176924 22533196 4343521 67095489 7244352 59851137 6708 2122 2196 2715 362 14103 72137 63760 104250 99084 211468 550699 67660291 0.88460 0.87830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10270 4943 5327 380108 315851 64257 614282 571699 42583 112167 DEFERRED RENT 88074 88074 5386851 831500 831500 4555351 0 4555351 15003943 831500 831500 14172443 0 14172443 1 CHICAGO CAREER TECH SKILLS FOR CHICAGOLAND'S FUTURE 191 NORTH WACKER DRIVE SUITE 925 CHICAGO IL 60606 451287418 501(C)(3) 104769 SKILLS 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 2200 CHICAGO IL 60601 363432023 501(C)(3) 150000 FUNDS 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 200 CHICAGO IL 60611 611652413 501(C)(3) 500000 FUNDS 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 STREET CHICAGO IL 60603 364094830 501(C)(3) 1000000 FUNDS 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 IL 60611 CHICAGO IL 60611 366005822 115 GOV'T UNIT 5770000 FUNDS WERE DIRECTED TO SUPPORT PARK IMPROVEMENTS AROUND THE CITY OF CHICAGO. THESE FUNDS WERE DIRECTED AS PART OF THE NATO LEGACY PROGRAM. BEVERLY ARTS CENTER 2407 WEST 111TH STREET CHICAGO IL 60655 CHICAGO IL 60655 366165922 501(C)(3) 250000 BEVERLY 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. THE STARTER LEAGUE 222 WEST MERCHANDISE PLAZA 12TH FLOOR CHICAGO IL 60654 453091522 OTHER ORGANIZATION 130000 FUNDS 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. THE CITY OF CHICAGO 121 NORTH LASALLE STREET CHICAGO IL 60602 366005820 115 GOV'T UNIT 1000000 FUNDS 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. 5 3 PART I, LINE 2: WORLD 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. X X X X 0 0 0 0 0 0 0 0 0 RITA ATHAS EXEC DIR - TERM/DIRECTOR 182411 0 0 0 0 0 5472 0 9037 0 196920 0 0 0 JEFF MALEHORN PRESIDENT 207093 0 0 0 0 0 6213 0 8273 0 221579 0 0 0 CAROLYN PHILLIPS DIR OF STRATEGIC INITIATIVES 150595 0 0 0 0 0 4457 0 6923 0 161975 0 0 0 FORM 990, PART III, LINE 2 ON 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 11 THE 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 12C WORLD 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 15 DURING 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 19 WORLD 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.