WORLD BUSINESS CHICAGO: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: WORLD BUSINESS CHICAGO (EIN 36-4313685)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-27
IRS object ID: 201232409349300013
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-27T10:06:40-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	362938874	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	OSTROW REISIN BERK & ABRAMS LTD	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	455 N CITYFRONT PLAZA DRIVE SUITE 1	AddressLine1
City	CHICAGO	City
State	IL	State
ZIP Code	606115313	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	364313685	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WORLD BUSINESS CHICAGO	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	WORL	NameControl
Phone	3125530500	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	177 NORTH STATE STREET NO 500	AddressLine1
City	CHICAGO	City
State	IL	State
ZIP Code	60601	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RITA ATHAS	Name
Title	PRESIDENT	Title
Phone	3125530500	Phone
Date Signed	2012-08-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LARRY SOPHIAN	Name
PTIN	P00079652	PTIN
Phone	3126707444	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RITA ATHAS	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	177 NORTH STATE STREET NO 500	AddressLine1
City	CHICAGO	City
State	IL	State
ZIP Code	60601	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	27283370	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.WORLDBUSINESSCHICAGO.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1999	YearFormation
State Legal Domicile	IL	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	48	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	48	NbrIndependentVotingMembers
Total Nbr Employees	27	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	11024197	ContributionsGrantsPriorYear
Contributions Grants Current Year	27176924	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	0	ProgramServiceRevenuePriorYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	2122	InvestmentIncomePriorYear
Investment Income Current Year	2196	InvestmentIncomeCurrentYear
Other Revenue Prior Year	63760	OtherRevenuePriorYear
Other Revenue Current Year	104250	OtherRevenueCurrentYear
Total Revenue Prior Year	11090079	TotalRevenuePriorYear
Total Revenue Current Year	27283370	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	3067627	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1562269	SalariesEtcPriorYear
Salaries Etc Current Year	1489302	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	142764	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4967378	OtherExpensePriorYear
Other Expenses Current Year	2783418	OtherExpensesCurrentYear
Total Expenses Prior Year	6529647	TotalExpensesPriorYear
Total Expenses Current Year	7340347	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	4560432	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	19943023	RevenuesLessExpensesCY
Total Assets BOY	7557843	TotalAssetsBOY
Total Assets EOY	24080319	TotalAssetsEOY
Total Liabilities BOY	173441	TotalLiabilitiesBOY
Total Liabilities EOY	122166	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	7384402	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	23958153	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	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.	MissionDescription
Significant New Program Services	1	SignificantNewProgramServices
Significant Change	1	SignificantChange
Expense	4322140	Expense
Grants	3067627	Grants
Description	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.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	2298930	Expense
Description	PROMOTING CHICAGO AS A BUSINESS LOCATION. LEADING AND COORDINATING THE ECONOMIC DEVELOPMENT OF CHICAGO.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	100317	Expense
Description	GROUP OF EIGHT AND NORTH ATLANTIC TRADE ORGANIZATION EVENT - WBC IS RESPONSIBLE FOR THE ORGANIZATION AND PRODUCTION OF CERTAIN EVENTS IN CONNECTION WITH MEETINGS BEING CONDUCTED BY THE GROUP OF EIGHT FORUM AND THE NORTH ATLANTIC TREATY ORGANIZATION TO BE HELD IN CHICAGO IN MAY, 2012.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	6721387	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	1	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	290	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	27	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	48	NbrVotingGoverningBodyMembers
Number Independent Voting Members	48	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	1	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	0	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IL	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	CARRIE SIMMONS	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	3125530500	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	177 NORTH STATE STREET NO 500	AddressLine1
City	CHICAGO	City
State	IL	State
ZIP Code	60601	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (56 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
RAHM EMANUEL
CHAIRMAN	1.00	X	0	0	0
MICHAEL SACKS
VICE CHAIRMAN	1.00	X	0	0	0
ANTHONY ANDERSON
DIRECTOR	1.00	X	0	0	0
JEFF ARONIN
DIRECTOR	1.00	X	0	0	0
JAMES BELL
DIRECTOR	1.00	X	0	0	0
NORMAN BOBINS
DIRECTOR	1.00	X	0	0	0
MARSHALL BOUTON
DIRECTOR	1.00	X	0	0	0
BILL BRODSKY
DIRECTOR	1.00	X	0	0	0
GREGORY BROWN
DIRECTOR	1.00	X	0	0	0
DEBRA CAFARO
DIRECTOR	1.00	X	0	0	0
JAMES CROWN
DIRECTOR	1.00	X	0	0	0
DEBORAH DEHAAS
DIRECTOR	1.00	X	0	0	0
CRAIG J DUCHOSSOIS
DIRECTOR	1.00	X	0	0	0
TERRENCE DUFFY
DIRECTOR	1.00	X	0	0	0
DONALD EDWARDS
DIRECTOR	1.00	X	0	0	0
GEORGE FARR
DIRECTOR	1.00	X	0	0	0
JAMES GLERUM
DIRECTOR	1.00	X	0	0	0
ANTONIO GRACIAS
DIRECTOR	1.00	X	0	0	0
DANIEL HAMBURGER
DIRECTOR	1.00	X	0	0	0
MELLODY HOBSON
DIRECTOR	1.00	X	0	0	0
MARK HOPLAMAZIAN
DIRECTOR	1.00	X	0	0	0
STEVE KOCH
DIRECTOR	1.00	X	0	0	0
PAUL LAUDICINA
DIRECTOR	1.00	X	0	0	0
ERIC LEFKOFSKY
DIRECTOR	1.00	X	0	0	0
SAM MENCOFF
DIRECTOR	1.00	X	0	0	0
MICHAEL H MOSKOW
DIRECTOR	1.00	X	0	0	0
THOMAS MOTAMED
DIRECTOR	1.00	X	0	0	0
MICHAEL D O'HALLERAN
DIRECTOR	1.00	X	0	0	0
WILLIAM OSBORN
DIRECTOR	1.00	X	0	0	0
HANK PAULSON
DIRECTOR	1.00	X	0	0	0
JB PRITZKER
DIRECTOR	1.00	X	0	0	0
BRUCE RAUNER
DIRECTOR	1.00	X	0	0	0
JIM REYNOLDS
DIRECTOR	1.00	X	0	0	0
DESIREE ROGERS
DIRECTOR	1.00	X	0	0	0
JOHN W ROWE
DIRECTOR	1.00	X	0	0	0
PAT RYAN JR
DIRECTOR	1.00	X	0	0	0
MUNEER SATTER
DIRECTOR	1.00	X	0	0	0
SAMUEL SCOTT
DIRECTOR	1.00	X	0	0	0
JAMES SKOGSBERGH
DIRECTOR	1.00	X	0	0	0
JEFFERY SMISEK
DIRECTOR	1.00	X	0	0	0
DAVID SPEER
DIRECTOR	1.00	X	0	0	0
DAVID STORCH
DIRECTOR	1.00	X	0	0	0
GLENN F TILTON
DIRECTOR	1.00	X	0	0	0
CHARLES TRIBETT III
DIRECTOR	1.00	X	0	0	0
BYRON TROTT
DIRECTOR	1.00	X	0	0	0
GLEN TULLMAN
DIRECTOR	1.00	X	0	0	0
GREGORY WASSON
DIRECTOR	1.00	X	0	0	0
THOMAS WILSON
DIRECTOR	1.00	X	0	0	0
MAYOR RICHARD M DALEY
CHAIRMAN - TERM	1.00	X	0	0	0
WILLIAM M DALEY
DIRECTOR - TERM	1.00	X	0	0	0
WILLIAM WRIGLEY JR
DIRECTOR - TERM	1.00	X	0	0	0
RITA ATHAS
PRESIDENT	45.00		182411	0	11250	X
DENNIS VICCHIARELLI
TREASURER/MANAGING DIRECTOR	45.00		115607	0	8577	X
CARRIE SIMMONS
SECRETARY/DIR OF OPERATIONS	40.00		87343	0	13136	X
EVANS LYNE
DIRECTOR OF TECHNOLOGY DEVELOPMENT	40.00		101902	0	15142		X
CAROLYN PHILLIPS
DIRECTOR OF STRATEGIC INITIATIVES	40.00		147595	0	9761		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	634858	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	57866	TotalOtherCompensation
Number Individuals GT100 K	4	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Government Grants	9622741	GovernmentGrants
All Other Contributions	17554183	AllOtherContributions
Total Contributions	27176924	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2196	TotalRevenueColumn
Exclusion	$2,196	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
SUBLEASE INCOME	900099	98250	$98,250
OTHER INCOME	900099	6000	$6,000

Field	Value	IRS element (for citing)
Total Other Revenue	104250	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	27283370	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$106,446	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	3067627	Total
Program Services	3067627	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	418324	Total
Program Services	303982	ProgramServices
Management And General	83213	ManagementAndGeneral
Fundraising	31129	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	865408	Total
Program Services	667025	ProgramServices
Management And General	191212	ManagementAndGeneral
Fundraising	7171	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	10292	Total
Program Services	9129	ProgramServices
Management And General	1163	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	109505	Total
Program Services	94420	ProgramServices
Management And General	13242	ManagementAndGeneral
Fundraising	1843	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	85773	Total
Program Services	69476	ProgramServices
Management And General	13724	ManagementAndGeneral
Fundraising	2573	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	23228	Total
Program Services	12978	ProgramServices
Management And General	10250	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	79980	Total
Program Services	70582	ProgramServices
Management And General	8583	ManagementAndGeneral
Fundraising	815	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	71053	Total
Program Services	70950	ProgramServices
Management And General	103	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	59096	Total
Program Services	38765	ProgramServices
Management And General	19106	ManagementAndGeneral
Fundraising	1225	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	17067	Total
Program Services	12060	ProgramServices
Management And General	4592	ManagementAndGeneral
Fundraising	415	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	275409	Total
Program Services	222841	ProgramServices
Management And General	44332	ManagementAndGeneral
Fundraising	8236	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	12270	Total
Program Services	11905	ProgramServices
Management And General	356	ManagementAndGeneral
Fundraising	9	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	45944	Total
Program Services	37215	ProgramServices
Management And General	7351	ManagementAndGeneral
Fundraising	1378	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	14891	Total
Program Services	12061	ProgramServices
Management And General	2383	ManagementAndGeneral
Fundraising	447	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
CHICAGO CAREER TECH	1338866	1254513	51633	32720
TARGETED INITIATIVE	409017	408770	247
CHICAGO G8/NATO HOST	171737	100317	16617	54803
BAD DEBT	100000	100000

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	164860	Total
Program Services	156771	ProgramServices
Management And General	8089	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	7340347	Total
Program Services	6721387	ProgramServices
Management And General	476196	ManagementAndGeneral
Fundraising	142764	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	6209396	BOY
EOY	11307871	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	1228065	BOY
EOY	12590115	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	4386	BOY
EOY	27434	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	13843	BOY
EOY	14425	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1471085	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1330611	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	101153	BOY
EOY	140474	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1000	BOY
EOY	0	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	7557843	BOY
EOY	24080319	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	170612	BOY
EOY	57617	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2829	BOY
EOY	64549	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	173441	BOY
EOY	122166	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	7038085	BOY
EOY	3539775	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	346317	BOY
EOY	20418378	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7384402	BOY
EOY	23958153	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7557843	BOY
EOY	24080319	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	19943023	ReconcilationRevenueExpenses
Reconcilation Other Changes	-3369272	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1951250	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2140000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2045000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	10996848	CurrentTaxYearMinus1Year
Current Tax Year	27176924	CurrentTaxYear
Total	44310022	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1951250	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2140000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2045000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	10996848	CurrentTaxYearMinus1Year
Current Tax Year	27176924	CurrentTaxYear
Total	44310022	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	8221248	AmountsSubstContributorsTotal
Public Support Total170	36088774	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	29940	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	17527	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	6708	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2122	CurrentTaxYearMinus1Year
Current Tax Year	2196	CurrentTaxYear
Total	58493	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	57992	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	72949	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	72137	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	63760	CurrentTaxYearMinus1Year
Current Tax Year	104250	CurrentTaxYear
Total	371088	Total

Field	Value	IRS element (for citing)
Total Support	44739603	TotalSupport
Public Support Pertcentage170	0.80660	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.96070	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	546608	OtherCostOrOtherBasis
Depreciation	538229	Depreciation
Book Value	8379	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	320413	OtherCostOrOtherBasis
Depreciation	257681	Depreciation
Book Value	62732	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	604064	OtherCostOrOtherBasis
Depreciation	534701	Depreciation
Book Value	69363	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	140474	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DEFERRED RENT	Description
Amount	$64,549	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	64549	TotalOfAmounts
Total Revenue	27283370	TotalRevenue
Total Expenses	7340347	TotalExpenses
Excess Or Deficit For Year	19943023	ExcessOrDeficitForYear
Other	-$3,369,272	OtherAmount
Total Adjustments	-3369272	TotalAdjustments
Excess Or Deficit Per FS	16573751	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	30481623	TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities	3198253	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	3198253	RevenueNotRptdF990
Revenue Subtotal	27283370	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	27283370	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	10538600	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	3198253	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	3198253	ExpensesNotRptdF990
Expenses Subtotal	7340347	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	7340347	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	PART XI, LINE 8 - OTHER ADJUSTMENTS:	Identifier
Explanation	TRANSFER OF ASSETS TO CHICAGO CAREER TECH -3,369,272.	Explanation

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable

Field	Value	IRS element (for citing)
Region	EAST ASIA	Region
Number Of Offices	0	NumberOfOffices
Number Of Employees	0	NumberOfEmployees
Type Of Activities Conducted	PROGRAM SERVICES	TypeOfActivitiesConducted
Specific Services Provided	DELEGATION TO HONG KONG AND CHINA TO PROMOTE BUSINESS RELATIONS BETWEEN CHICAGO AND ASIA	SpecificServicesProvided
Total Expenditures	95999	TotalExpenditures

Field	Value	IRS element (for citing)
Subtotal Number Of Offices	0	SubtotalNumberOfOffices
Subtotal Number Of Employees	0	SubtotalNumberOfEmployees
Cont Number Of Offices	0	ContNumberOfOffices
Cont Number Of Employees	0	ContNumberOfEmployees
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	0	TotalNumberOfEmployees
Subtotal Amount Spent	95999	SubtotalAmountSpent
Cont Amount Spent	0	ContAmountSpent
Total Amount Spent	95999	TotalAmountSpent
Transfer To Foreign Corp	0	TransferToForeignCorp
Interest In Foreign Trust	0	InterestInForeignTrust
Own Foreign Corp	0	OwnForeignCorp
Passive Foreign Invest Co	0	PassiveForeignInvestCo
Foreign Partnership	0	ForeignPartnership
Boycott Countries	0	BoycottCountries

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	CHICAGO CAREER TECH	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	177 N STATE ST SUITE 500	AddressLine1
City	CHICAGO	City
State	IL	State
ZIP Code	60601	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	451287418	EINOfRecipient
IRC Section	501(C)(3)	IRCSection
Amount Of Cash Grant	3067627	AmountOfCashGrant
Purpose Of Grant	CCT PROVIDES UNEMPLOYED EMERGING- AND MIDDLE-INCOME CHICAGO RESIDENTS WITH THE NEW SKILLS NECESSARY TO OBTAIN AND SUCCEED IN HIGH DEMAND TECHNOLOGY-BASED CAREERS.	PurposeOfGrant

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	1	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURE FOR MONITORING GRANTS IN THE U.S.:	Identifier
Return Reference	PART I, LINE 2:	ReturnReference
Explanation	SCHEDULE I, PART I, LINE 2: WORLD BUSINESS CHICAGO MONITORS CHCAGO CAREER TECH'S 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.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	0	AnyNonFixedPayments
Initial Contract Exception	0	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
RITA ATHAS
182411	0	0	0	0	0	5194	0	6056	0	193661	0	0	0
CAROLYN PHILLIPS
147595	0	0	0	0	0	4464	0	5297	0	157356	0	0	0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
NEW PROGRAM SERVICES	FORM 990, PART III, LINE 2	GROUP OF EIGHT AND NORTH ATLANTIC TRADE ORGANIZATION EVENT - WBC IS RESPONSIBLE FOR THE ORGANIZATION AND PRODUCTION OF CERTAIN EVENTS IN CONNECTION WITH MEETINGS BEING CONDUCTED BY THE GROUP OF EIGHT FORUM AND THE NORTH ATLANTIC TREATY ORGANIZATION TO BE HELD IN CHICAGO IN MAY, 2012.
CHANGES IN PROGRAM SERVICES	FORM 990, PART III, LINE 3	ON MARCH 30, 2011, THE CHICAGO CAREER TECH PROGRAM WAS SPUN OFF INTO ITS OWN LEGAL ENTITY SEPARATE FROM WORLD BUSINESS CHICAGO. ONLY CHICAGO CAREER TECH ACTIVITY THROUGH MARCH 30, 2011 HAS BEEN INCLUDED IN THIS RETURN.
	FORM 990, PART VI, SECTION A, LINE 4	THE ORGANIZATION AMENDED AND RESTATED ITS BY-LAWS DURING THE YEAR. CHANGES INCLUDE: 1. STATED THE PURPOSE OF WORLD BUSINESS CHICAGO (WBC) SUCH THAT IT IS CONSISTENT WITH THE ARTICLES OF INCORPORATION AND WBC'S MISSION. 2. INCREASED THE SIZE OF THE BOARD TO 45-50 MEMBERS. 3. CONSISTENT WITH BEST PRACTICES, RESTRICTED EMPLOYEES OF WBC FROM SERVING ON THE BOARD. 4. TO INCREASE THE EFFECTIVENESS OF THE BOARD GIVEN ITS LARGE SIZE, ONLY 1/3 OF THE BOARD (RATHER THAN A MAJORITY) IS REQUIRED TO CONSTITUTE A QUORUM AND THAT THE ACT OF A MAJORITY OF THE DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT CONSTITUTES AN ACT OF THE BOARD OF DIRECTORS. 5. REVISED THE TITLES OF THE OFFICERS TO CONFORM TO THE TITLES ACTUALLY GIVEN TO WBC OFFICERS. 6. THE PRESIDENT SHALL BE ELECTED UPON THE RECOMMENDATION OF THE CHAIRMAN AND VICE CHAIRMAN, AND APPROVAL BY THE BOARD OF DIRECTORS. THE REMAINING OFFICERS SHALL BE ELECTED BY RESOLUTION OF THE BOARD OR, AT THE BOARD'S DISCRETION, BY APPOINTMENT BY THE PRESIDENT OF WBC. 7. THE CREATION OF AN EXECUTIVE COMMITTEE, CONSISTING OF THE VICE CHAIRMAN AND OTHER DIRECTORS APPOINTED BY THE BOARD, WHICH SHALL BE EMPOWERED TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE FULL BOARD AND SHALL BE RESPONSIBLE FOR (I) REVIEWING WBC'S FISCAL PROCEDURES AND APPROVING THE ANNUAL BUDGET AND (II) OVERSEEING WBC'S GOVERNANCE, COMPLIANCE AND ETHICS PROGRAMS. 8. REQUIRED THAT ANY COMMITTEE HAVE AT LEAST TWO OR MORE DIRECTORS AS MEMBERS, AND THAT THE MAJORITY OF ANY COMMITTEES MEMBERS SHALL BE DIRECTORS. 9. THE VICE CHAIRMAN, IN ADDITION TO THE CHAIRMAN, CAN APPOINT A CHAIRMAN OF EACH COMMITTEE. 10. SHORTENED THE NOTICE REQUIREMENT FOR A MEETING AT WHICH AMENDMENT OF THE BYLAWS WILL BE CONSIDERED TO TEN DAYS FROM FIFTEEN DAYS.
	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 2010 AND 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.
	FORM 990, PART XI, LINE 5: OTHER CHANGES IN NET ASSETS	TRANSFER OF ASSETS TO CHICAGO CAREER TECH = -$3,369,272