2024-11-04T22:51:44-06:00 2023-12-31 363321958 DESMOND & AHERN LTD 10827 S WESTERN AVENUE CHICAGO IL 606433206 990 2023-01-01 362017165 City Club of Chicago CITY 7738025599 70 W Hubbard St 202 Chicago IL 60654 Dan Gibbons CEO 7738025599 2024-11-04 1 1 Mel Padillo P03172019 7737794720 2024-11-01 2023 2024-10-15 13:58:12Z Dan Gibbons 70 W Hubbard St 202 Chicago IL 60654 1389109 0 X www.cityclub-chicago.org X 1903 IL City Club of Chicago advances open discussion of public policy and strengthens the region by convening civic-minded individuals in the public, private, and non-profit sectors. 5 5 4 5 0 0 127449 468541 469615 761253 0 0 120 -54596 597184 1175198 0 0 0 0 152483 183188 0 0 80178 421981 798928 574464 982116 22720 193082 59820 233728 246390 227216 -186570 6512 City Club of Chicago advances open discussion of public policy and strengthens the region by convening civic-minded individuals in the public, private, and non-profit sectors. 0 0 690198 761432 The City Club of Chicago holds public policy forums for its members and the public to achieve its mission of providing a forum for the discussion of civic and public affairs involving Chicago, the metropolitan region, and the state of Illinois. In 2023, City Club of Chicago held 55 in-person forums. Forums are livestreamed and archived on the City Club's website for all to view free of charge. City Club maintained 501 members in 2023. 690198 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X Paula Galbraith 3128329068 70 W Hubbard St Suite 202 Chicago IL 60654 Jaclene Robinson-Ivy Chair 1.00 X X 0 0 0 Omar Daghestani Treasurer 1.00 X X 0 0 0 Frances Kao Secretary 1.00 X X 0 0 0 Edward Mazur Director 1.00 X 0 0 0 Jose Sanchez Director 1.00 X 0 0 0 Dan Gibbons CEO 45.00 X 94350 0 9481 94350 0 9481 1 0 0 0 0 169551 293600 5390 468541 Forum 900099 761253 761253 761253 159136 293600 213911 -54775 -54775 Other income 900099 179 179 179 1175198 761432 0 -54775 X 103746 58354 13870 31522 56028 31514 7490 17024 23414 13170 3130 7114 11076 3809 5209 2058 39200 13482 18435 7283 165999 86344 64478 15177 4350 4350 49431 6033 43398 4725 2361 2364 28448 11557 16891 5247 1931 3316 456292 456292 2194 2194 Bad Debt Expenses 17125 17125 Dues and subscriptions 10703 5351 5352 Miscellaneous 4138 4138 982116 690198 211740 80178 20826 118888 451 9595 103883 2777 812 55283 51961 2299 3322 23872 6823 59820 233728 92483 121478 132212 100807 21695 4931 246390 227216 X -186570 6512 -186570 6512 59820 233728 193082 0 X X 0 1 X 1 0 X 13400 89000 201841 127449 174941 606631 1013339 351481 55325 469615 761253 2651013 1026739 440481 257166 597064 936194 3257644 0 0 0 3257644 2165 5 611 1 2782 2165 5 611 1 2782 1652 148 179 1979 1028904 440486 259429 597213 936373 3262405 0.99850 0.99810 0.00090 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13608 10286 3322 41675 41675 0 3322 Operating lease liabilities 4931 4931 X 1260246 85048 85048 1175198 0 1175198 1067164 85048 85048 982116 0 982116 Part X, Line 2: FIN 48 Note from Audited Financial Statements: City Club of Chicago was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Organization has been classified as an organization that is not a private Organization under Section 509(a)(1). The tax-exempt purpose of the Organization and the nature in which it operates is described above. Management believes the Organization continues to operate in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Organization's Form 990, Return of Organization Exempt from Income Tax, is subject to examination by the IRS, generally for three years after it has been filed. The Organization has adopted the requirements for accounting for uncertain tax positions and management has determined that the Organization was not required to record a liability related to uncertain tax positions as of December 31, 2023. Amplification 452736 293600 159136 91149 98700 19279 4783 452736 293600 159136 91149 98700 19279 4783 213911 -54775 Form 990, Part VI, Section B, line 11b The draft 990 is compiled by the Organization's external audit firm using information provided by the Organization and its accountants. Once a draft of the 990 is prepared, the City Club Board Treasurer, management, and the Organization's accountants review the 990 for accuracy. Prior to filing, the final 990 is circulated to the Board of Directors. Form 990, Part VI, Section B, line 12c The Policy is reviewed annually by the Board Members. Form 990, Part VI, Section B, line 15 The Board reviewed Dan Gibbon's compensation before he was hired and there is an employment agreement in place that outlines Dan's annual compensation for a couple of years. Form 990, Part VI, Section C, line 19 Documents available to the public: Available upon request, during normal business hours. Form 990, Part IX, line 11g Contract/Consulting Services: Program service expenses 85,129. Management and general expenses 62,817. Fundraising expenses 14,521. Total expenses 162,467. Payroll Processing: Program service expenses 1,215. Management and general expenses 1,661. Fundraising expenses 656. Total expenses 3,532. Form 990, Part XII, line 2c: The process did not change from the prior year.