2022-11-15T17:16:18-06:00 2021-12-31 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2021-01-01 364313685 WORLD BUSINESS CHICAGO WORL 3125530500 180 NORTH LASALLE STREET 2505 CHICAGO IL 60601 MICHAEL FASSNACHT PRESIDENT & CEO 3125530500 2022-11-15 1 MICHAEL FASSNACHT 999009999 MARK HEROUX P00959793 3127298000 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X MICHAEL FASSNACHT 180 NORTH LASALLE STREET SUITE 2505 CHICAGO IL 60601 10175960 0 X WWW.WORLDBUSINESSCHICAGO.COM X 1999 IL WORLD BUSINESS CHICAGO IS THE CITY OF CHICAGO'S PUBLIC-PRIVATE ECONOMIC DEVELOPMENT AGENCY. OUR MISSION IS TO DRIVE INCLUSIVE ECONOMIC GROWTH AND JOB CREATION, SUPPORT BUSINESS, AND PROMOTE CHICAGO AS A LEADING GLOBAL CITY. OUR VISION IS TO ENSURE THAT ALL CHICAGOANS PROSPER. WE DRIVE GROWTH THROUGH BUSINESS RECRUITMENT, EXPANSION, AND RETENTION ASSISTANCE AND CONNECTING BUSINESSES TO RESOURCES AND OPPORTUNITIES. WE CHAMPION CHICAGO AS A WORLD-CLASS CITY THROUGH BUILDING STRATEGIC INDUSTRY PARTNERSHIPS, CONVENING POLICY MAKERS AND LEADERS, AND ADVANCING OPPORTUNITIES FOR MULTICULTURAL ENGAGEMENT. WE UNITE LEADERS TO ADVANCE GROWTH IN CHICAGO'S NEIGHBORHOODS THROUGH TALENT DEVELOPMENT, PROCUREMENT, AND INVESTMENT. 98 98 53 620 0 0 6385413 10050376 0 0 -56873 -32570 -96424 -75725 6232116 9942081 1015548 1306063 0 0 4105796 4159448 0 0 562257 2193521 3468033 7314865 8933544 -1082749 1008537 8111466 9302792 239859 455492 7871607 8847300 WORLD BUSINESS CHICAGO IS THE CITY OF CHICAGO'S PUBLIC-PRIVATE ECONOMIC DEVELOPMENT AGENCY. OUR MISSION IS TO DRIVE INCLUSIVE ECONOMIC GROWTH AND JOB CREATION, SUPPORT BUSINESS, AND PROMOTE CHICAGO AS A LEADING GLOBAL CITY. 0 0 7121543 1306063 WORLD BUSINESS CHICAGO (WBC) DRIVES ECONOMIC GROWTH THROUGH THREE MAIN AREAS: BUSINESS ATTRACTION AND RETENTION, INCLUSIVE ECONOMIC GROWTH AND JOBS, INTERNATIONAL STRATEGIC INITIATIVES AND CULTURAL EXCHANGE THROUGH THE CHICAGO SISTER CITIES PROGRAM. 7121543 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 53 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 98 98 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X MICHAEL FASSNACHT 3125530500 180 NORTH LASALLE STREET SUITE 2505 CHICAGO IL 60601 SUSAN ARTHUR DIRECTOR 1.00 X 0 0 0 RITA ATHAS EX-OFFICIO DIRECTOR 1.00 X 0 0 0 CURT R BAILEY DIRECTOR 1.00 X 0 0 0 MARC BAUMANN DIRECTOR 1.00 X 0 0 0 PETER BOONE FORMER DIRECTOR 1.00 X 0 0 0 ROZ BREWER DIRECTOR 1.00 X 0 0 0 ROBERT BRONSTEIN 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 MARTIN CABRERA DIRECTOR 1.00 X 0 0 0 DEBRA A CAFARO DIRECTOR 1.00 X 0 0 0 MARCO CAPURSO DIRECTOR 1.00 X 0 0 0 GREGORY C CASE DIRECTOR 1.00 X 0 0 0 DAVID R CASPER DIRECTOR 1.00 X 0 0 0 JIM COLEMAN DIRECTOR 1.00 X 0 0 0 SEAN CONNOLLY FORMER 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 EVERETT CUNNINGHAM FORMER DIRECTOR 1.00 X 0 0 0 PARAMITA DAS DIRECTOR 1.00 X 0 0 0 KYLE DEGIULIO DIRECTOR 1.00 X 0 0 0 MARY DILLON DIRECTOR 1.00 X 0 0 0 GLENN EDEN DIRECTOR 1.00 X 0 0 0 DONALD EDWARDS DIRECTOR 1.00 X 0 0 0 JOE ERLINGER DIRECTOR 1.00 X 0 0 0 DR OPELLA ERNEST DIRECTOR 1.00 X 0 0 0 JOHN R ETTELSON DIRECTOR 1.00 X 0 0 0 ALEX GOURLAY FORMER DIRECTOR 1.00 X 0 0 0 ANTONIO GRACIAS FORMER DIRECTOR 1.00 X 0 0 0 KELLY GRAVES DIRECTOR 1.00 X 0 0 0 RAJ GUPTA DIRECTOR 1.00 X 0 0 0 DEAN HARRISON DIRECTOR 1.00 X 0 0 0 BRETT HART DIRECTOR 1.00 X 0 0 0 JOHN HOLMES DIRECTOR 1.00 X 0 0 0 MARK S HOPLAMAZIAN DIRECTOR 1.00 X 0 0 0 MARK A HOPPE DIRECTOR 1.00 X 0 0 0 JOHN O HUDSON III DIRECTOR 1.00 X 0 0 0 GREG HUGHES DIRECTOR 1.00 X 0 0 0 LINDA IMONTI DIRECTOR 1.00 X 0 0 0 JAIME LM JONES DIRECTOR 1.00 X 0 0 0 STEVE KERSTEN DIRECTOR 1.00 X 0 0 0 DAVE KIMBELL DIRECTOR 1.00 X 0 0 0 KIP KIRKPATRICK DIRECTOR 1.00 X 0 0 0 JAMES P KOLAR DIRECTOR 1.00 X 0 0 0 DR JANET KONG FORMER DIRECTOR 1.00 X 0 0 0 JOHN KOUDOUNIS DIRECTOR 1.00 X 0 0 0 ERIC LEFKOFSKY DIRECTOR 1.00 X 0 0 0 FABIANO LIMA DIRECTOR 1.00 X 0 0 0 TONY MAGGIORE DIRECTOR 1.00 X 0 0 0 JEFF MALEHORN EX-OFFICIO DIRECTOR 1.00 X 0 0 0 JEFF MARKOWITZ DIRECTOR 1.00 X 0 0 0 CRAIG MARTIN DIRECTOR 1.00 X 0 0 0 CHARLES MATTHEWS DIRECTOR 1.00 X 0 0 0 STEFANI MILLER DIRECTOR 1.00 X 0 0 0 TIMOTHY P MOHAN DIRECTOR 1.00 X 0 0 0 MICHAEL H MOSKOW DIRECTOR 1.00 X 0 0 0 OSCAR MUNOZ FORMER DIRECTOR 1.00 X 0 0 0 MARTIN H NESBITT DIRECTOR 1.00 X 0 0 0 PIN NI DIRECTOR 1.00 X 0 0 0 IRINA NOVOSELSKY FORMER DIRECTOR 1.00 X 0 0 0 MICHAEL J PALUMBO FORMER DIRECTOR 1.00 X 0 0 0 ANGELO PANTELEO FORMER DIRECTOR 1.00 X 0 0 0 ALLYSON PARK FORMER DIRECTOR 1.00 X 0 0 0 LUKE PETHERBRIDGE DIRECTOR 1.00 X 0 0 0 JOSE LUIS PRADO DIRECTOR 1.00 X 0 0 0 RICHARD S PRICE DIRECTOR 1.00 X 0 0 0 DAVID REIFMAN DIRECTOR 1.00 X 0 0 0 PAUL C REILLY DIRECTOR 1.00 X 0 0 0 MICHAEL REINSDORF DIRECTOR 1.00 X 0 0 0 JIM REYNOLDS DIRECTOR 1.00 X 0 0 0 LARRY RICHMAN FORMER DIRECTOR 1.00 X 0 0 0 ROBBERT RIETBROEK DIRECTOR 1.00 X 0 0 0 JOHN C ROBAK DIRECTOR 1.00 X 0 0 0 DESIREE ROGERS DIRECTOR 1.00 X 0 0 0 LIOR RON DIRECTOR 1.00 X 0 0 0 KRISTEN ROSSI DIRECTOR 1.00 X 0 0 0 DAN RYAN DIRECTOR 1.00 X 0 0 0 MICHAEL J SACKS DIRECTOR 1.00 X 0 0 0 KAREN SAUDER DIRECTOR 1.00 X 0 0 0 JENNIFER SCANLON DIRECTOR 1.00 X 0 0 0 KATHY SCHERER DIRECTOR 1.00 X 0 0 0 JEFF SHAPACK DIRECTOR 1.00 X 0 0 0 JON SHULKIN DIRECTOR 1.00 X 0 0 0 DAVID SIMAS DIRECTOR 1.00 X 0 0 0 TODD SIWAK DIRECTOR 1.00 X 0 0 0 JIM SKOGSBERGH DIRECTOR 1.00 X 0 0 0 MAURICE SMITH FORMER DIRECTOR 1.00 X 0 0 0 JUD SNYDER DIRECTOR 1.00 X 0 0 0 MATT SNYDER DIRECTOR 1.00 X 0 0 0 VIK SOHONI DIRECTOR 1.00 X 0 0 0 MARC F SPERBER DIRECTOR 1.00 X 0 0 0 JAMES SPRAYREGEN DIRECTOR 1.00 X 0 0 0 JENNIFER STEANS DIRECTOR 1.00 X 0 0 0 MARK SULLIVAN DIRECTOR 1.00 X 0 0 0 SCOTT C SWANSON DIRECTOR 1.00 X 0 0 0 MARK TEBBE DIRECTOR 1.00 X 0 0 0 DONALD THOMPSON DIRECTOR 1.00 X 0 0 0 EDWARD TILLY DIRECTOR 1.00 X 0 0 0 GLENN F TILTON FORMER DIRECTOR 1.00 X 0 0 0 JUDY TOLAND DIRECTOR 1.00 X 0 0 0 GLEN TULLMAN DIRECTOR 1.00 X 0 0 0 JAMES TURNER DIRECTOR 1.00 X 0 0 0 GRANT C UHLIR DIRECTOR 1.00 X 0 0 0 TIMOTHY WALBERT FORMER DIRECTOR 1.00 X 0 0 0 JOHN R WEISS DIRECTOR 1.00 X 0 0 0 MELISSA WERNECK DIRECTOR 1.00 X 0 0 0 DON WILSON DIRECTOR 1.00 X 0 0 0 STEVE WOOLLEY DIRECTOR 1.00 X 0 0 0 JASON WORTENDYKE DIRECTOR 1.00 X 0 0 0 JAMES ZALLIE FORMER DIRECTOR 1.00 X 0 0 0 NIKKI M ZOLLAR DIRECTOR 1.00 X 0 0 0 ANDREA ZOPP EX-OFFICIO DIRECTOR 1.00 X 37385 0 0 LORI E LIGHTFOOT CHAIR 1.00 X 0 0 0 MELLODY HOBSON VICE CHAIR 1.00 X 0 0 0 MICHAEL MORKIN SECRETARY 1.00 X 0 0 0 PETER THOMPSON TREASURER 1.00 X 0 0 0 DAVE DOHNALEK DIRECTOR 1.00 X 0 0 0 MICHAEL FASSNACHT PRESIDENT & CEO 50.00 X 420988 0 27543 OGECHI HARRY EXECUTIVE VICE PRESIDENT OF STRATEGY, LEGAL, AND O 40.00 X 186076 0 17493 CARRIE SIMMONS VICE PRESIDENT OF OPERATIONS AND HR 40.00 X 142654 0 28615 LISA DZIEKAN SENIOR VICE PRESIDENT OF BUSINESS DEVELOPMENT & FD 40.00 X 131101 0 32300 ADRIENNE TONGATE EVP, GLOBAL STRATEGIC INITIATIVES 40.00 X 130660 0 11153 ABIN KURIAKOSE EVP, INNOVATION & VENTURE STRATEGY 40.00 X 129662 0 18769 1178526 0 135873 11 1 1 0 MADMAXMAR GROUP 16525 W 159TH STREET SUITE 177 LOCKPORT IL 60441 MARKETING, DESIGN & MATERIALS 276658 HUBBARD GALBRAITH LLC 211 EAST OHIO STREET CHICAGO IL 60611 ACCOUNTING & FINANCE 182000 SKILL SCOUT 3419 GROVE AVE BERWIN IL 60402 VIDEO PRODUCTION 151790 KOYA LEADERSHIP PARTNERS PO BOX 279 NEWBURYPORT MA 01950 EXECUTIVE RECRUITMENT 124998 4 1007618 5038380 4004378 10050376 4272 4272 36842 -36842 -36842 -36842 66900 1007618 197037 -130137 -130137 OTHER INCOME 561499 41059 41059 CHICAGO SISTER CITIES INTERNATION 561499 13353 13353 54412 9942081 54412 0 -162707 1306063 1306063 485916 242958 121479 121479 2984949 2374421 463424 147104 65901 52564 9711 3626 357126 285930 58142 13054 265556 208055 41870 15631 1081 1081 168000 58800 92400 16800 660797 477851 151552 31394 1021167 937313 59576 24278 103263 28772 72300 2191 558671 461100 78214 19357 53550 31263 15895 6392 600 600 520552 376318 1500 142734 27456 22661 3844 951 77577 64028 10861 2688 LICENSES, FEES, DUES AN 226115 162898 53184 10033 PROFESSIONAL DEVELOPMEN 34434 15178 14711 4545 CHICAGO SISTER CITIES C 14770 14770 8933544 7121543 1249744 562257 7254743 3570541 522903 525518 90000 4602896 1648 103260 333974 270368 181412 64298 88956 74614 0 180907 8111466 9302792 175944 455492 63915 0 239859 455492 X 6950611 8508653 920996 338647 7871607 8847300 8111466 9302792 X 1008537 -32844 X X 0 1 X 1 0 X 10631225 9344211 6817307 6385413 10050376 43228532 10631225 9344211 6817307 6385413 10050376 43228532 43228532 4923 30867 80103 42758 4272 162923 43391455 383154 0.99620 0.99650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 270368 181412 88956 88956 X 10214956 272875 272875 9942081 0 9942081 9239263 305719 305719 8933544 0 8933544 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, 2021 AND 2020. 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. X X X X GALA 1074518 1007618 66900 142518 5110 49409 1074518 1007618 66900 142518 5110 49409 197037 -130137 1 CHICAGO LOOP ALLIANCE FOUNDATION 55 W MONROE ST 2660 CHICAGO IL 60603 161765590 501(C)(3) 150000 0 ECONIOMIC RECOVERY PROGRAMMING THE MAGNIFICANT MILE ASSOCIATION 625 NORTH MICHIGAN AVE SUITE 401 CHICAGO IL 60611 362119989 501(C)(6) 506178 0 ECONIOMIC RECOVERY PROGRAMMING COALITION FOR BETTER CHINESE 2301 S ARCHER AVE SUITE 1 CHICAGO IL 60616 814209494 501(C)(3) 48000 0 ECONIOMIC RECOVERY PROGRAMMING CHICAGO COOK WORKFORCE PARTNERSHIP 69 W WASHINGTON ST SUITE 2860 CHICAGO IL 60602 364122225 501(C)(3) 151790 0 WORKFORCE PROGRAMMING CHICAGO PARK DISTRICT - WASHINGTON PARK 5531 S KING DR CHICAGO IL 60634 626005822 GOV 0 12730 MATERIALS BACK OF THE YARDS NEIGHBORHOOD COUNCIL 1823 W 47TH STREET 2ND FLOOR CHICAGO IL 60609 362079600 501(C)(3) 30000 0 ECONIOMIC RECOVERY PROGRAMMING CARA 237 S DESPLAINES CHICAGO IL 60651 364268095 501(C)(3) 30000 0 WORKFORCE PROGRAMMING CHICAGO CITYWIDE LITERACY COALITION 641 W LAKE STREET SUITE 200 CHICAGO IL 60661 352205675 501(C)(3) 50000 0 WORKFORCE PROGRAMMING GREATER CHICAGO FOOD DEPOSITORY 4100 W ANN LURIE PLACE CHICAGO IL 60632 362971864 501(C)(3) 50000 0 WORKFORCE PROGRAMMING ONE CHICAGO FUND 4044 N LINCOLN AVE 261 CHICAGO IL 60618 454661737 501(C)(3) 50000 0 ARTS & THEATER RECOVERY PUERTO RICAN CULTURAL CENTER 2546 W DIVISION ST CHICAGO IL 60622 237347778 501(C)(3) 15000 0 ECONIOMIC RECOVERY PROGRAMMING SKILLS FOR CHICAGOLAND'S FUTURE 191 N WACKER DRIVE SUITE 1150 CHICAGO IL 60606 451287418 501(C)(3) 100000 0 WORKFORCE PROGRAMMING THE CHICAGO COMMUNITY FOUNDATION 225 N MICHIGAN AVE SUITE 2200 CHICAGO IL 60601 363432023 501(C)(3) 50000 0 WORKFORCE PROGRAMMING WESTSIDE HEALTH AUTHORITY 5053 W CHICAGO AVE CHICAGO IL 60651 363789879 501(C)(3) 7365 0 ECONIOMIC RECOVERY LASALLE STREET REVITALIZATION 150 N RIVERSIDE PLAZA STE 1800 CHICAGO IL 60606 872902716 501(C)(3) 25000 0 ECONIOMIC RECOVERY PROGRAMMING 19 2 1 X X X 1 0 0 0 0 0 0 0 0 MICHAEL FASSNACHT PRESIDENT & CEO 370988 0 50000 0 0 0 9322 0 18221 0 448531 0 0 0 OGECHI HARRY EXECUTIVE VICE PRESIDENT OF STRATEGY 186076 0 0 0 0 0 6637 0 10856 0 203569 0 0 0 CARRIE SIMMONS VICE PRESIDENT OF OPERATIONS AND HR 137654 0 5000 0 0 0 4965 0 23650 0 171269 0 0 0 LISA DZIEKAN SENIOR VICE PRESIDENT OF BUSINESS DE 126101 0 5000 0 0 0 4629 0 27671 0 163401 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY EXTERNAL AND INTERNAL ACCOUNTANTS, REVIEWED BY THE PRESIDENT, TREASURER, AND OTHER INTERNAL MANAGEMENT, AND CIRCULATED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEE CONFLICT POLICY IS OUTLINED IN THE ORGANIZATION'S EMPLOYEE HANDBOOK, WHICH ARE PROVIDED TO ALL EMPLOYEES WHEN THEY START. IF ANY EMPLOYEE BECOMES AWARE OF ANY POTENTIAL CONFLICTS THEY WOULD NOTIFY THE DIRECTOR OF HUMAN RESOURCES. THE DIRECTOR OF BOARD RELATIONS CIRCULATES CONFLICT STATEMENTS TO DIRECTORS WHEN THEY JOIN THE BOARD. THE COMPLETED STATEMENTS ARE REVIEWED BY THE DIRECTOR OF BOARD RELATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTOR OF HUMAN RESOURCES REVIEWS THE COMPENSATION GRADES AND AMOUNTS ON A REGULAR BASIS AND AS NECESSARY, GATHERS EXTERNAL REPORTS TO PROVIDE MARKET INFORMATION. THE PRESIDENT MONITORS ANNUALLY. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ANY CHANGES TO THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 WORLD 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 XI, LINE 9: VARIANCE IN -32,844. FORM 990, PART XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.