2013-11-11T10:49:18-06:00 2012-12-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DRIVE SUITE 1500 CHICAGO IL 606115313 990 2012-01-01 364313685 WORLD BUSINESS CHICAGO WORL 3125530500 177 NORTH STATE STREET NO 500 CHICAGO IL 60601 JEFF MALEHORN 3125530500 2013-11-08 1 LARRY SOPHIAN P00079652 3126707444 2012 2016-02-24 21:20:13Z JEFF MALEHORN 177 NORTH STATE STREET NO 500 CHICAGO IL 60601 22634995 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. 61 61 27 0 0 0 27176924 22533196 0 0 2196 2715 104250 99084 27283370 22634995 3067627 1546231 0 0 1489302 1543533 0 0 183087 2783418 22092499 7340347 25182263 19943023 -2547268 24080319 18161899 122166 686623 23958153 17475276 X 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. 0 1 1546231 1546231 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. 2765904 PROMOTING CHICAGO AS A BUSINESS LOCATION. LEADING AND COORDINATING THE ECONOMIC DEVELOPMENT OF CHICAGO. 13770461 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. 18082596 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 1 0 0 0 0 0 0 0 0 1 19 0 27 1 0 0 0 0 0 0 0 0 0 0 X 61 61 0 0 1 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 1.00 X 0 0 0 MICHAEL SACKS 1.00 X 0 0 0 JIM ABRAMS 1.00 X 0 0 0 ANTHONY K ANDERSON 1.00 X 0 0 0 JEFF ARONIN 1.00 X 0 0 0 NORMAN BOBINS 1.00 X 0 0 0 TONY BOUCHARD 1.00 X 0 0 0 MARSHALL BOUTON 1.00 X 0 0 0 BILL BRODSKY 1.00 X 0 0 0 GREG BROWN 1.00 X 0 0 0 JOHN BUCK 1.00 X 0 0 0 RICHARD BURKE 1.00 X 0 0 0 DEBRA CAFARO 1.00 X 0 0 0 PATRICK CANNING 1.00 X 0 0 0 JAMES S CROWN 1.00 X 0 0 0 DEBORAH DEHAAS 1.00 X 0 0 0 CRAIG J DUCHOSSOIS 1.00 X 0 0 0 TERRENCE DUFFY 1.00 X 0 0 0 DONALD EDWARDS 1.00 X 0 0 0 MARK FURLONG 1.00 X 0 0 0 MATTHEW GIBSON 1.00 X 0 0 0 JAMES T GLERUM 1.00 X 0 0 0 ILENE GORDON 1.00 X 0 0 0 ANTONIO GRACIAS 1.00 X 0 0 0 DANIEL M HAMBURGER 1.00 X 0 0 0 DEAN HARRISON 1.00 X 0 0 0 LORI HEALEY 1.00 X 0 0 0 PATRICIA HEMINGWAY HALL 1.00 X 0 0 0 MELLODY HOBSON 1.00 X 0 0 0 MARK S HOPLAMAZIAN 1.00 X 0 0 0 STEVE KOCH 1.00 X 0 0 0 PAUL A LAUDICINA 1.00 X 0 0 0 ERIC LEFKOFSKY 1.00 X 0 0 0 AYLWIN LEWIS 1.00 X 0 0 0 SAM MENCOFF 1.00 X 0 0 0 MICHAEL H MOSKOW 1.00 X 0 0 0 THOMAS F MOTAMED 1.00 X 0 0 0 MICHAEL D O'HALLERAN 1.00 X 0 0 0 WILLIAM A OSBORN 1.00 X 0 0 0 HANK PAULSON 1.00 X 0 0 0 JOHN PRATT 1.00 X 0 0 0 JB PRITZKER 1.00 X 0 0 0 JOHN RAU 1.00 X 0 0 0 BRUCE RAUNER 1.00 X 0 0 0 JIM REYNOLDS 1.00 X 0 0 0 LARRY RICHMAN 1.00 X 0 0 0 DESIREE ROGERS 1.00 X 0 0 0 JOHN W ROWE 1.00 X 0 0 0 PAT RYAN JR 1.00 X 0 0 0 MUNEER A SATTER 1.00 X 0 0 0 SAMUEL SCOTT 1.00 X 0 0 0 JAMES SKOGSBERGH 1.00 X 0 0 0 JEFFERY SMISEK 1.00 X 0 0 0 DAVID SPEER 1.00 X 0 0 0 RICK STEPHENS 1.00 X 0 0 0 DAVID P STORCH 1.00 X 0 0 0 RICHARD SYKES 1.00 X 0 0 0 DON THOMPSON 1.00 X 0 0 0 GLENN TILTON 1.00 X 0 0 0 CHARLES A TRIBETT III 1.00 X 0 0 0 BYRON TROTT 1.00 X 0 0 0 GLEN E TULLMAN 1.00 X 0 0 0 GREGORY D WASSON 1.00 X 0 0 0 KEITH WILLIAMS 1.00 X 0 0 0 THOMAS J WILSON 1.00 X 0 0 0 RITA ATHAS 45.00 X 182411 0 13133 DENNIS VICCHIARELLI 45.00 X 120511 0 10653 CARRIE SIMMONS 40.00 X 92943 0 16455 EVANS LYNE 40.00 X 108516 0 19358 CAROLYN PHILLIPS 40.00 X 147595 0 11476 651976 0 71075 4 0 1 0 DAVID GREISING 177 N STATE STREET SUITE 500 CHICAGO IL 60601 CONSULTING 134608 NANCY ANNE OLAIMEY 57 E DELAWARE PLACE 3203 CHICAGO IL 60611 CONSULTING 114000 2 1287819 21245377 176452 22533196 2715 2715 OTHER INCOME 900099 49791 49791 SUBLEASE INCOME 900099 49293 49293 99084 22634995 0 0 101799 1546231 1546231 436106 314233 89632 32241 852107 635682 210712 5713 24018 20557 3431 30 147187 126144 18588 2455 84115 68117 13482 2516 42000 23490 17640 870 135109 120459 14480 170 115153 112513 2640 57339 35860 20177 1302 11670 7280 3851 539 308913 248681 51021 9211 21598 18973 2625 49502 41696 6983 823 27538 20049 6704 785 CHICAGO NATO HOST 20327104 13770461 6430211 126432 ECONOMIC DEVELOPMENT 297154 294414 2740 TARGETED INITIATIVE 221483 221483 PUBLIC RELATIONS 158422 158274 148 319514 297999 21515 25182263 18082596 6916580 183087 11307871 14672517 1298506 12590115 2000647 27434 1841 14425 49223 1519278 1380113 140474 139165 24080319 18161899 57617 606241 64549 80382 122166 686623 X 3539775 4241056 20418378 13234220 23958153 17475276 24080319 18161899 X -2547268 -3935609 X 0 1 X 1 0 X 2140000 2045000 10996848 27176924 22533196 64891968 2140000 2045000 10996848 27176924 22533196 64891968 7506336 57385632 17527 6708 2122 2196 2715 31268 72949 72137 63760 104250 99084 412180 65335416 0.87830 0.80660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 547568 540187 7381 324428 275041 49387 647282 564885 82397 139165 DEFERRED RENT 80382 80382 25105433 2470438 2470438 22634995 0 22634995 31588310 2470438 2470438 29117872 -3935609 -3935609 25182263 PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON 2011 GOVERNMENT AGENCY GRANTS FOR CHICAGO CAREER TECH -3,935,609. 1 CHICAGO CAREER TECH SKILLS FOR CHICAGOLAND'S FUTURE 191 NORTH WACKER DRIVE SUITE 925 CHICAGO IL 60606 451287418 501(C)(3) 1546231 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. 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 0 0 0 0 0 0 0 0 RITA ATHAS 182411 0 0 0 0 0 5550 0 7583 0 195544 0 0 0 CAROLYN PHILLIPS 147595 0 0 0 0 0 4464 0 7012 0 159071 0 0 0 X 14 139714 X COMPUTER SOFTWARE 1 36738 0 0 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 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 WERE ONLY ADMINISTRATIVE ITEMS REMAINING AT THE END OF 2012. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION CHANGED ITS BYLAWS TO ALLOW FOR ADDITIONAL DIRECTORS RANGING FROM 63 TO 68. FORM 990, PART VI, SECTION B, LINE 11 THE WORLD BUSINESS CHICAGO EXECUTIVE COMMITTEE REVIEWS THE FORM 990 AND VOTES ON WHETHER OR NOT TO APPROVE THE DOCUMENT. THE EXECUTIVE COMMITTEE ALSO DISCUSSES THE CONTENTS WITH THE FULL BOARD OF DIRECTORS. 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 VI, LINE 1 - GOVERNING BODY: THE ORGANIZATION REVISED ITS BY-LAWYS DURING 2012 TO INCREASE THE NUMBER OF BOARD DIRECTORS TO A RANGE FROM 63 TO 68. AS OF DECEMBER 31 2012, THE BOARD WAS COMPRISED OF 61 MEMBERS, HOWEVER, THE ORGANIZATION WAS IN THE PROCESS OF SELECTING ADDITIONAL INDIVIDUALS TO JOIN THE BOARD. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: LOSS ON 2011 GOVERNMENT AGENCY GRANTS FOR CHICAGO CAREER TECH -3,935,609.