2020-11-16T10:52:59-06:00 2019-12-31 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2019-01-01 364313685 WORLD BUSINESS CHICAGO WORL 3125530500 177 NORTH STATE STREET NO 500 CHICAGO IL 60601 ANDREA ZOPP PRESIDENT & CEO 3125530500 2020-11-13 1 MARK HEROUX P00959793 3127298000 2020-11-13 24.1.30.194 2020-11-13 22:39:37 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0882A3BD3791635C134A938B8FF3C2B174769BAB 2019 2021-01-29 14:40:06Z ANDREA ZOPP 177 N STATE ST STE 500 CHICAGO IL 60601 6937647 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. 82 82 57 840 0 0 9266571 6761267 0 0 30867 80103 -88772 -210224 9208666 6631146 1881987 0 0 0 5022667 4817636 0 0 663136 3130612 2195392 10035266 7013028 -826600 -381882 10793677 9646324 1507439 741968 9286238 8904356 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 4939069 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. 4939069 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 57 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 82 82 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X ANDREA ZOPP 3125530500 177 N STATE ST SUITE 500 CHICAGO IL 60601 LORI E LIGHTFOOT CHAIR 1.00 0.00 X X 0 0 0 RAHM EMANUEL-FORMER FORMER CHAIR 1.00 0.00 X 0 0 0 MELLODY HOBSON VICE CHAIR 1.00 0.00 X X 0 0 0 JAMES KOLAR TREASURER 1.00 0.00 X X 0 0 0 CARL A ALLEGRETTI DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY ANDERSON-FORMER DIRECTOR 1.00 0.00 X 0 0 0 ANDREW APPEL-FORMER DIRECTOR 1.00 0.00 X 0 0 0 JEFF ARONIN-FORMER DIRECTOR 1.00 0.00 X 0 0 0 RITA ATHAS DIRECTOR 1.00 0.00 X 0 0 0 JOHN ATKINSON DIRECTOR 1.00 0.00 X 0 0 0 MARC BAUMANN DIRECTOR 1.00 0.00 X 0 0 0 MELISSA BEAN-FORMER DIRECTOR 1.00 0.00 X 0 0 0 JIM BRADY DIRECTOR 1.00 0.00 X 0 0 0 GREG BROWN DIRECTOR 1.00 0.00 X 0 0 0 JOHN BUCK DIRECTOR 1.00 0.00 X 0 0 0 MARTIN CABRERA DIRECTOR 1.00 0.00 X 0 0 0 DEBRA A CAFARO DIRECTOR 1.00 0.00 X 0 0 0 PAT CANNING-FORMER DIRECTOR 1.00 0.00 X 0 0 0 DAVID CARLINS-FORMER DIRECTOR 1.00 0.00 X 0 0 0 GREGORY C CASE DIRECTOR 1.00 0.00 X 0 0 0 DAVID R CASPER DIRECTOR 1.00 0.00 X 0 0 0 JAMES B COLEMAN DIRECTOR 1.00 0.00 X 0 0 0 SEAN CONNOLLY DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER CRANE DIRECTOR 1.00 0.00 X 0 0 0 JAMES S CROWN DIRECTOR 1.00 0.00 X 0 0 0 MARY DILLON DIRECTOR 1.00 0.00 X 0 0 0 DEBRA A DEHASS-FORMER DIRECTOR 1.00 0.00 X 0 0 0 STEVE EASTERBROOK-FORMER DIRECTOR 1.00 0.00 X 0 0 0 GLENN EDEN DIRECTOR 1.00 0.00 X 0 0 0 DONALD EDWARDS DIRECTOR 1.00 0.00 X 0 0 0 JOHN R ETTELSON DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL FASSNACHT DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN FORT DIRECTOR 1.00 0.00 X 0 0 0 MATT GIBSON-FORMER DIRECTOR 1.00 0.00 X 0 0 0 ALEX GOURLAY DIRECTOR 1.00 0.00 X 0 0 0 ANTONIO GRACIAS DIRECTOR 1.00 0.00 X 0 0 0 RAJ GUPTA DIRECTOR 1.00 0.00 X 0 0 0 DEAN HARRISON DIRECTOR 1.00 0.00 X 0 0 0 LORI HEALEY DIRECTOR 1.00 0.00 X 0 0 0 JOHN HOLMES DIRECTOR 1.00 0.00 X 0 0 0 MARK A HOPPE DIRECTOR 1.00 0.00 X 0 0 0 MARK S HOPLAMAZIAN DIRECTOR 1.00 0.00 X 0 0 0 LINDA IMONTI DIRECTOR 1.00 0.00 X 0 0 0 H FISK JOHNSON-FORMER DIRECTOR 1.00 0.00 X 0 0 0 STEVE KERSTEN DIRECTOR 1.00 0.00 X 0 0 0 ERIC LEFKOFSKY DIRECTOR 1.00 0.00 X 0 0 0 NILA R LEISEROWITZ DIRECTOR 1.00 0.00 X 0 0 0 JEFF MALEHORN DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY F MAGGIORE DIRECTOR 1.00 0.00 X 0 0 0 JEFF MARKOWITZ DIRECTOR 1.00 0.00 X 0 0 0 CHARLES MATTHEWS DIRECTOR 1.00 0.00 X 0 0 0 TOM MCGUINNESS DIRECTOR 1.00 0.00 X 0 0 0 SAM MENCOFF-FORMER DIRECTOR 1.00 0.00 X 0 0 0 SHAWN MOBLEY-FORMER DIRECTOR 1.00 0.00 X 0 0 0 DAVID E MOORE-FORMER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL H MOSKOW DIRECTOR 1.00 0.00 X 0 0 0 OSCAR MUNOZ DIRECTOR 1.00 0.00 X 0 0 0 PIN NI DIRECTOR 1.00 0.00 X 0 0 0 VICKI NOONAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL O'BRIEN DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM A OSBORN-FORMER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J PALUMBO DIRECTOR 1.00 0.00 X 0 0 0 ANGELO PANTELEO DIRECTOR 1.00 0.00 X 0 0 0 ALLYSON PARK DIRECTOR 1.00 0.00 X 0 0 0 HENRY M PAULSON JR DIRECTOR 1.00 0.00 X 0 0 0 JOSE LUIS PRADO DIRECTOR 1.00 0.00 X 0 0 0 RICHARD S PRICE DIRECTOR 1.00 0.00 X 0 0 0 PAUL C REILLY DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL REINSDORF DIRECTOR 1.00 0.00 X 0 0 0 JIM REYNOLDS DIRECTOR 1.00 0.00 X 0 0 0 LARRY RICHMAN DIRECTOR 1.00 0.00 X 0 0 0 JOHN C ROBAK DIRECTOR 1.00 0.00 X 0 0 0 DINO ROBUSTO-FORMER DIRECTOR 1.00 0.00 X 0 0 0 DESIREE ROGERS DIRECTOR 1.00 0.00 X 0 0 0 KRISTEN ROSSI DIRECTOR 1.00 0.00 X 0 0 0 DAN RYAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J SACKS DIRECTOR 1.00 0.00 X 0 0 0 DIANA SANDS DIRECTOR 1.00 0.00 X 0 0 0 MUNEER SATTER-FORMER DIRECTOR 1.00 0.00 X 0 0 0 KAREN SAUDER DIRECTOR 1.00 0.00 X 0 0 0 DAVID SIMAS DIRECTOR 1.00 0.00 X 0 0 0 KIMBERLY SIMIOS-FORMER DIRECTOR 1.00 0.00 X 0 0 0 JAMES SKOGSBERGH DIRECTOR 1.00 0.00 X 0 0 0 JUD SNYDER DIRECTOR 1.00 0.00 X 0 0 0 VIK SOHONI DIRECTOR 1.00 0.00 X 0 0 0 J DOUGLAS SPARKMAN DIRECTOR 1.00 0.00 X 0 0 0 PAULA STEINER DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SULLIVAN-FORMER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT SWANSON DIRECTOR 1.00 0.00 X 0 0 0 DONALD THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 PETER THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 MARK TEBBE DIRECTOR 1.00 0.00 X 0 0 0 ED TILLY DIRECTOR 1.00 0.00 X 0 0 0 GLENN F TILTON DIRECTOR 1.00 0.00 X 0 0 0 VINCENT TOMKINSON DIRECTOR 1.00 0.00 X 0 0 0 STACY TRACKEY-MEAGHER-FORMER DIRECTOR 1.00 0.00 X 0 0 0 GLEN TULLMAN DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY WALBERT DIRECTOR 1.00 0.00 X 0 0 0 KEITH WILLIAMS-FORMER DIRECTOR 1.00 0.00 X 0 0 0 DON WILSON DIRECTOR 1.00 0.00 X 0 0 0 JAMES P JIM ZALLIE DIRECTOR 1.00 0.00 X 0 0 0 NIKKI M ZOLLAR DIRECTOR 1.00 0.00 X 0 0 0 SAMUEL SCOTT-FORMER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MORKIN SECRETARY 1.00 0.00 X 0 0 0 ANDREA ZOPP PRESIDENT & CEO 60.00 0.00 X 448767 0 10891 TIFFANY HAMEL-JOHNSON EXEC VP STRATEGY & ADMIN 40.00 0.00 X 185133 0 23146 DENNIS VICCHIARELLI EXECUTIVE VP 40.00 0.00 X 153366 0 11207 BERNITA JOHNSON-GABRIEL EXECUTIVE VP, NEIGHBORHOOD & STRATEGIC INITIATIVES 40.00 0.00 X 140021 0 12763 JOY MONAHAN GENERAL COUNSEL 40.00 0.00 X 137682 0 23653 CARRIE SIMMONS DIRECTOR OF OPERATIONS & HR 40.00 0.00 X 132562 0 26594 THOMAS BARTKOSKI DIRECTOR, INTERNATIONAL BUSINESS DEV 40.00 0.00 X 126248 0 15678 MELANIE SILAS VP OF DEVELOPMENT 40.00 0.00 X 112117 0 10380 SANA HUSSAIN DIRECTOR OF BUSINESS DEVELOPMENT 40.00 0.00 X 112099 0 23791 LISA DZIEKAN DIRECTOR OF BUSINESS DEVELOPMENT 40.00 0.00 X 101805 0 26216 MYRNA FARMER DIRECTOR OF BOARD RELATIONS 40.00 0.00 X 100360 0 11507 LEROY ALLALA EXECUTIVE DIRECTOR, CSCI 40.00 0.00 X 132380 0 8517 ANDREW SPINELLI DIRECTOR, GLOBAL STRATEGIC INITIATIVES 40.00 0.00 X 130974 0 9123 2013514 0 213466 13 1 1 0 HUBBARD GALBRAITH LLC 211 EAST OHIO STREET CHICAGO IL 60611 ACCOUNTING & FINANCE 168000 1 724260 1755143 4281864 6761267 80103 80103 56040 724260 306501 -250461 -250461 OTHER INCOME 900099 40237 40237 40237 6631146 0 0 -130121 2013513 1250557 437437 325519 1978944 1503462 365343 110139 95849 69582 14655 11612 424805 303983 84223 36599 304525 214309 60921 29295 168000 50400 92400 25200 465560 357866 95000 12694 94341 75495 13975 4871 94758 31607 54767 8384 541647 409401 85819 46427 41101 26988 8858 5255 22000 22000 195833 191468 4365 200650 151660 31791 17199 83840 63370 13284 7186 LICENSES, FEES, DUES AN 152164 95159 43836 13169 CHICAGO SISTER CITIES C 111538 111538 PROFESSIONAL DEVELOPMEN 23960 10224 4149 9587 7013028 4939069 1410823 663136 4658601 6735615 2999089 2266200 2495050 180080 2554 2580 88286 112403 1375366 1025920 550097 349446 10793677 9646324 430051 376561 993750 312500 83638 52907 1507439 741968 X 6838620 7073204 2447618 1831152 9286238 8904356 10793677 9646324 -381882 0 X X 0 1 X 1 0 X 9849684 12986237 10631225 9344211 6817307 49628664 9849684 12986237 10631225 9344211 6817307 49628664 185402 49443262 301 1329 4923 30867 80103 117523 49746187 504942 0.99390 0.98310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78496 73156 5340 757220 480523 276697 539650 472241 67409 349446 DEFERRED RENT - LT 52907 52907 X 7785389 1154243 1154243 6631146 0 6631146 8167271 1154243 1154243 7013028 0 7013028 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, 2019 AND 2018. 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. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FOREIGN DIRECT INVESTMENT & DELEGATIONS 11700 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES FOREIGN DIRECT INVESTMENT & DELEGATIONS 34370 0 0 0 0 0 0 46070 0 46070 0 0 0 0 0 0 PART III ACCOUNTING METHOD: GALA 780300 724260 56040 123355 62600 120546 780300 724260 56040 123355 62600 120546 306501 -250461 1 X X X X 0 0 0 0 0 0 0 0 0 ANDREA ZOPP PRESIDENT & CEO 448767 0 0 0 0 0 9165 0 1726 0 459658 0 0 0 TIFFANY HAMEL-JOHNSON EXEC VP STRATEGY & ADMIN 185133 0 0 0 0 0 6662 0 16484 0 208279 0 0 0 DENNIS VICCHIARELLI EXECUTIVE VP 153366 0 0 0 0 0 5422 0 5785 0 164573 0 0 0 BERNITA JOHNSON-GABRIEL EXECUTIVE VP, NEIGHBORHOOD & STRATEG 140021 0 0 0 0 0 5041 0 7722 0 152784 0 0 0 JOY MONAHAN GENERAL COUNSEL 137682 0 0 0 0 0 4601 0 19052 0 161335 0 0 0 CARRIE SIMMONS DIRECTOR OF OPERATIONS & HR 132562 0 0 0 0 0 4824 0 21770 0 159156 0 0 0 LEROY ALLALA EXECUTIVE DIRECTOR, CSCI 132380 0 0 0 0 0 2190 0 6327 0 140897 0 0 0 ANDREW SPINELLI DIRECTOR, GLOBAL STRATEGIC INITIATIV 130974 0 0 0 0 0 3342 0 5781 0 140097 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY EXTERNAL AND INTERNAL ACCOUNTANTS, REVIEWED BY THE PRESIDENT AND OTHER INTERNAL MANAGEMENT, AND CIRCULATED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AFFECTS BOTH WBC DIRECTORS OR EMPLOYEES. IF ANY DIRECTOR OR EMPLOYEE BECOMES AWARE OF ANY EXISTING OR PROPOSED TRANSACTION WITH AN ENTITY THAT HAS A "SUBSTANTIAL CONNECTION" WITH A IMMEDIATE FAMILY MEMBER OF THE DIRECTOR OR EMPLOYEE OR ONE THAT WOULD REASONABLY CREATE THE PERCEPTION THAT THE INDIVIDUAL HAS A SUBSTANTIAL BIAS IN FAVOR OF THE ENTITY, THEN THE DIRECTOR OR EMPLOYEE SHALL PROMPTLY NOTIFY THE WBC VICE CHAIRMAN OR DESIGNEE ON THE EC IF HE IS CONFLICTED THAT THERE IS A POTENTIAL CONFLICT AND DISCLOSE THE CIRCUMSTANCES. THE WBC VICE CHAIRMAN OR HIS DESIGNEE SHALL DETERMINE WHETHER EXECUTIVE COMMITTEE APPROVAL OF THE ACTION IS REQUIRED BASED ON WHETHER THE CONNECTION BETWEEN THE ENTITY AND THE WBC DIRECTOR OR EMPLOYEE IS SUFFICIENTLY SIGNIFICANT TO CREATE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. THE VICE CHAIRMAN'S OR HIS DESIGNEE'S DETERMINATION AND REASONS SHALL BE DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 15 IN 2016, THE ORGANIZATION CONDUCTED A COMPENSATION STUDY TO DETERMINE IF CURRENT SALARIES FOR ALL POSITIONS OTHER THAN THE PRESIDENT AND THE PRESIDENT REVIEWED AND MADE ADJUSTMENTS ACCORDINGLY. THE PRESIDENT CONTINUES TO MONITOR ANNUALLY. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ANY ADJUSTMENTS 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 XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.