2026-02-17T15:15:42+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 300748997 The Economic Club of Chicago ECON 3127261628 33 N Dearborn St 1700 CHICAGO IL 60602 David Snyder PRESIDENT/CEO 2026-02-17 true Mallory Fairless P10321579 3128997000 2026-02-17 2024 2025-03-06 01:10:19Z David Snyder 33 N Dearborn St 1700 CHICAGO IL 60602 8123559 false X WWW.ECONCLUBCHI.ORG X 2012 IL The Economic Club of Chicago connects global leaders across generations and from all backgrounds to foster independent dialogue on the most important issues facing the world. 46 45 18 235 0 0 4986560 5367216 208163 236479 0 5194723 5603695 0 0 2916478 2950233 0 0 2532206 2951733 5448684 5901966 -253961 -298271 8034592 9078863 1654123 2395145 6380469 6683718 The Economic Club of Chicago connects global leaders across generations and from all backgrounds to foster independent dialogue on the most important issues facing the world. false false 5483182 5367216 THE ECONOMIC CLUB OF CHICAGO HELD 124 EDUCATIONAL PROGRAMS DURING THE 2024-2025 PROGRAM YEAR. TOTAL ATTENDANCE AT THESE PROGRAMS WAS 15,218 MEMBERS AND GUESTS, AND VIDEOS OF THESE PROGRAMS ARE POSTED ON THE CLUB'S YOUTUBE CHANNEL FOR VIEWING BY THE GENERAL PUBLIC. THESE EDUCATIONAL PROGRAMS INCLUDED CONVERSATIONS WITH ACCLAIMED AUTHORS, ENTREPRENEURS, GOVERNMENT OFFICIALS, AND CEOS OF PUBLIC AND PRIVATE COMPANIES. SELECT SPEAKERS FROM THE 2024-2025 FISCAL YEAR INCLUDED KEVIN WARREN, PRESIDENT DONALD TRUMP, MELLODY HOBSON, DOUG MCMILLON, RAHM EMANUEL, JEROME POWELL, AND ALEX KARP. 5483182 true false false false false false false false false false true true false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 9 0 true 18 true true false false false false false false false false false false false X 46 45 false false false false false false false true true false false false true true true true true true true true false false IL X David Snyder 3127261628 33 N Dearborn St Suite 1700 CHICAGO IL 60602 CLAIRE BABINEAUX-FONTENOT FIRST VICE CHAIR, PROGRAMS & EXECUTIVE COMMITTEE MEMBER 1.0 X X 0 0 0 DAVID SNYDER PRESIDENT AND CEO 40.0 X X 498844 0 47289 DEREK ROBINSON SECOND VICE CHAIR, FORUMS & EXECUTIVE COMMITTEE MEMBER 1.0 X X 0 0 0 JANET MALZONE BOARD TREASURER & EXECUTIVE COMMITTEE MEMBER 1.0 X X 0 0 0 JOY BAER SECRETARY & EXECUTIVE COMMITTEE MEMBER 1.0 X X 0 0 0 SEAN M CONNOLLY CHAIR & EXECUTIVE COMMITTE MEMBER 2.0 X X 0 0 0 A PAUL ALIVISATOS BOARD MEMBER 0.2 X 0 0 0 AAMER BAIG BOARD MEMBER 0.2 X 0 0 0 ANDREA SAENZ BOARD MEMBER 0.2 X 0 0 0 ANDREA ZOPP BOARD MEMBER 0.2 X 0 0 0 BETH MARRION BOARD MEMBER 0.2 X 0 0 0 BRETT HART BOARD & EXECUTIVE COMMITTEE MEMBER 1.0 X 0 0 0 BRIDGET COUGHLIN BOARD MEMBER 0.2 X 0 0 0 CALVIN BUTLER BOARD MEMBER 0.2 X 0 0 0 CHEVY HUMPHREY BOARD MEMBER 0.2 X 0 0 0 CHRISTINE LEAHY BOARD & EXECUTIVE COMMITTEE MEMBER 1.0 X 0 0 0 Christopher Bertschy BOARD MEMBER 0.2 X 0 0 0 CHRISTOPHER O'HERLIHY BOARD MEMBER 0.2 X 0 0 0 DERREL HACKETT BOARD MEMBER 0.2 X 0 0 0 DORRI MCWHORTER BOARD MEMBER 0.2 X 0 0 0 EILEEN MITCHELL BOARD MEMBER 0.2 X 0 0 0 ERIC SMITH BOARD & FINANCE COMMITTEE MEMBER 1.0 X 0 0 0 ERIC WEINHEIMER BOARD MEMBER 0.2 X 0 0 0 JESSE RUIZ BOARD & EXECUTIVE COMMITTEE MEMBER 1.0 X 0 0 0 John Holmes BOARD MEMBER 0.2 X 0 0 0 KAREN SAUDER BOARD MEMBER 0.2 X 0 0 0 KOULA BERLIN BOARD & FINANCE COMMITTEE MEMBER 1.0 X 0 0 0 KUNAL KAPOOR BOARD & EXECUTIVE COMMITTEE MEMBER 1.0 X 0 0 0 LISA MADIGAN BOARD MEMBER 0.2 X 0 0 0 LISA WARDELL BOARD MEMBER 0.2 X 0 0 0 MARY DILLON BOARD & EXECUTIVE COMMITTEE MEMBER 1.0 X 0 0 0 MARY LOUISE GORNO BOARD MEMBER 0.2 X 0 0 0 MAURICE SMITH BOARD MEMBER 0.2 X 0 0 0 Michael O'Grady BOARD & EXECUTIVE COMMITTEE MEMBER 1.0 X 0 0 0 Michelle Collins BOARD MEMBER 0.2 X 0 0 0 Mohan Rao BOARD MEMBER 0.2 X 0 0 0 OLIVIA BEDI BOARD MEMBER 0.2 X 0 0 0 PIETRO SATRIANO BOARD MEMBER 0.2 X 0 0 0 REYNA MENDIVIL BOARD MEMBER 0.2 X 0 0 0 RYAN RUSKIN BOARD MEMBER 0.2 X 0 0 0 SANDRA CORDOVA MICEK BOARD MEMBER 0.2 X 0 0 0 Scott Swanson BOARD MEMBER 0.2 X 0 0 0 SID BALA BOARD MEMBER 0.2 X 0 0 0 SIDNEY DILLARD BOARD MEMBER 0.2 X 0 0 0 SUZANNE YOON BOARD MEMBER 0.2 X 0 0 0 WANJI WALCOTT BOARD MEMBER 0.2 X 0 0 0 ZALDWAYNAKA SCOTT BOARD MEMBER 0.2 X 0 0 0 Andrew M Leasure Vice President & Chief Financial Officer 40.0 X 248681 0 23635 KATIE ESPOSITO VICE PRESIDENT & CHIEF PROGRAMS OFFICER 40.0 X 241934 0 21846 LISA EMERICK VICE PRESIDENT, CHIEF MARKETING & ENGAGEMENT OFFICER 40.0 X 242759 0 23525 EMILY WHELCHEL VICE PRESIDENT, MEMBERSHIP 40.0 X 180926 0 20913 ANTHONY VENA DIRECTOR OF TECHNOLOGY (THRU JUL 2024) 40.0 X 127388 0 11724 HANNAH BUHL Director of Marketing & Engagement 40.0 X 102753 0 16506 1643285 0 165438 7 false true false 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 900099 3411475 3411475 0 0 PROGRAMS & EVENTS 900099 1955741 1955741 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5367216 236479 0 236479 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2519864 0 2519864 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5603695 5367216 0 236479 0 0 0 0 0 0 0 0 1554580 1399122 155458 0 0 0 1069504 962554 106950 31685 28517 3168 131240 118116 13124 163224 146902 16322 0 0 0 29258 0 29258 19865 19865 113917 102057 11860 0 343017 331634 11383 120290 108261 12029 203623 177151 26472 13660 13482 178 6308 5677 631 72132 62755 9377 27092 24383 2709 PROGRAM MEALS 1286719 1286719 PROGRAM FACILITY 715852 715852 0 0 0 0 5901966 5483182 418784 0 652609 1637421 23317 23526 0 0 0 0 171594 95892 1171005 1082397 138391 88608 6754359 380453 0 6692041 0 294322 160922 8034592 9078863 1023373 717520 630750 1677625 0 0 0 0 1654123 2395145 X 6380469 6683718 6380469 6683718 8034592 9078863 -298271 601520 0 X false true true false X 0 3274503 3580134 4825677 4986560 5367216 22034090 0 0 0 3274503 3580134 4825677 4986560 5367216 22034090 90600 83750 155903 156410 201975 688638 0 0 0 0 0 0 90600 83750 155903 156410 201975 688638 21345452 127241 173299 152280 208163 236479 897462 0 127241 173299 152280 208163 236479 897462 0 0 0 0 0 0 0 3401744 3753433 4977957 5194723 5603695 22931552 0.93083 0.93506 0.04 0.04 X 605774 540148 65626 237855 214873 22982 327376 327376 0 88608 Closely-held equity interests Financial derivatives Mutual Funds & Fixed 6692041 F 6692041 Federal Income Taxes DEFERRED COMPENSATION LIABILITY 0 X 6299352 601520 114002 0 715522 5583830 19865 0 19865 5603695 5996103 114002 0 114002 5882101 19865 0 19865 5901966 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Club files Form 990 in the U.S. federal jurisdiction. Due to its tax-exempt status, the Club is not subject to U.S. federal income tax or state income tax. The Club does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Club recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Club did not have any amounts accrued for penalties or interest at June 30, 2025 and 2024. X X X X false false false false false false false false false DAVID SNYDER PRESIDENT AND CEO 378844 0 120000 0 0 0 13800 0 33489 0 546133 0 0 0 LISA EMERICK VICE PRESIDENT, CHIEF MARKETING & ENGAGEMENT OFFICER 202759 0 40000 0 0 0 9760 0 13765 0 266284 0 0 0 KATIE ESPOSITO VICE PRESIDENT & CHIEF PROGRAMS OFFICER 201934 0 40000 0 0 0 7467 0 14379 0 263780 0 0 0 Andrew M Leasure Vice President & Chief Financial Officer 208681 0 40000 0 0 0 10000 0 13635 0 272316 0 0 0 EMILY WHELCHEL VICE PRESIDENT, MEMBERSHIP 157426 0 23500 0 0 0 7290 0 13623 0 201839 0 0 0 Form 990, Part I, Line 6 Volunteers The Club has Member-based committees that provide oversight and governance and support our membership and program service offerings. During the 2024-2025 Program Year, the Club had a total of 235 members volunteer to serve on one of more of these committees. Form 990, Part I, Line 19 Revenue less expenses The Club's current year "Revenues less expenses" (Part I, Line 19) are in alignment with the Club's operating budget deficit for the current year, which was approved by the Club's Board of Directors. Additionally, while the Club's financials reflect a negative "Revenues less expenses", the Club's "Net assets" (Part I, Line 22 and Part X, Line 20) increased during the same period; driven primarily by unrealized gains to the Club's investment portfolio. This planned approach reflects a deliberate use of the Club's reserves to fund ongoing strategic initiatives approved by the Club's Board of Directors. The organization's revenues have shown year-over-year growth as the Club has worked to increase service offerings while offsetting rising costs. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Club's Executive Committee represents the Board of Directors and assists in fulfilling oversight and governance responsibilities surrounding the organization's strategy, programs, membership base, internal committees, and general operations. The Executive Committee consisted of twelve Board Directors. Form 990, Part VI, Line 11b Review of form 990 by governing body At the end of the fiscal year, the Club engages an outside auditor to review its financials and perform an audit. Once the audit is completed, an outside accountant assists in the preparation of the Form 990. The Club's Finance Committee meets to review and approve the audit report and the Form 990. Subsequent to the Finance Committee's review, a copy of the audit report and Form 990 are sent to the Executive Committee for review and approval. Finally, the Form 990 is distributed to the full Board of Directors before the return is filed. Form 990, Part VI, Line 12c Conflict of interest policy The Economic Club has a conflict of interest policy that is reviewed annually by our Finance Committee, Executive Committee, and Board of Directors. Interested Persons are required to sign an annual disclosure statement which indicates whether or not they are aware of any conflicts or potential conflicts. In accordance with our conflict of interest policy, the Club's Board members, Committee members, Officers, and Key Employees must notify the Club Chair if any conflicts or potential conflicts arise between the Club's annual independence affirmations. Interested persons are required to abstain from any vote on, or consideration of, any matter related to the subject of the conflict of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Finance Committee benchmarks the Club's compensation levels for the President and CEO and for all Club employees annually. The Club utilizes data from local and national businesses, civic organizations, and not-for-profit organizations with similar revenues, similar scope of operations, and organizations with a high caliber reputation. This process is then documented within the Finance and Executive Committees' meeting minutes. Additionally, every three years the Board of Directors engages an independent compensation consultant to review our compensation philosophy, competitive pay levels for all employees, and reasonableness of Executive compensation. This independent consultant was last undertaken during the fiscal year ended June 30, 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees See response to line 15A. Form 990, Part VI, Line 19 Required documents available to the public Financial Statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Service Code (IRC) Section 6104. These documents are not available to the public at this time.