2026-05-14T13:09:47-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2024-01-01 364313685 WORLD BUSINESS CHICAGO WORL 3125530500 180 NORTH LASALLE STREET 2505 CHICAGO IL 60601 PHILIP CLEMENT PRESIDENT & CEO 3125530500 2026-05-11 1 0 MARK HEROUX P00959793 3127298000 2026-05-11 2024 2025-03-06 01:10:19Z PHILIP CLEMENT 180 NORTH LASALLE STREET SUITE 2505 CHICAGO IL 60601 10277876 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. 99 99 62 710 0 0 12401001 8588768 864230 1268974 67837 106806 -200385 -116746 13132683 9847802 529250 27585 0 0 5756882 5526668 0 65000 470023 7198098 3670477 13484230 9289730 -351547 558072 11676169 12113893 3986591 3666894 7689578 8446999 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 7175437 27585 1268974 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. 7175437 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 322 0 1 62 0 0 0 0 0 0 0 0 0 0 0 0 0 X 99 99 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IL X CARRIE SIMMONS 3125530500 180 NORTH LASALLE STREET SUITE 2505 CHICAGO IL 60601 BRANDON JOHNSON CHAIR 0.25 X X 0 0 0 LORI E LIGHTFOOT FORMER CHAIR 0.25 X X 0 0 0 CHARLES SMITH VICE CHAIR 0.25 X 0 0 0 MICHAEL MORKIN SECRETARY 0.50 X X 0 0 0 ARLA LACH TREASURER 0.50 X X 0 0 0 DAVID ANDALCIO DIRECTOR 0.25 X 0 0 0 RITA ATHAS EX OFFICIO DIRECTOR 0.25 X 0 0 0 CURT R BAILEY DIRECTOR 0.25 X 0 0 0 GREG BEDALOV EX OFFICIO DIRECTOR 0.25 X 0 0 0 MARC BAUMANN FORMER DIRECTOR 0.25 X 0 0 0 HARDIK BHATT DIRECTOR 0.25 X 0 0 0 KAREN BRENNAN DIRECTOR 0.25 X 0 0 0 ROZ BREWER FORMER DIRECTOR 0.25 X 0 0 0 ROBERT BRONSTEIN FORMER DIRECTOR 0.25 X 0 0 0 GREG BROWN DIRECTOR 0.25 X 0 0 0 ELIZABETH BUCHANAN DIRECTOR 0.25 X 0 0 0 JOHN BUCK FORMER DIRECTOR 0.25 X 0 0 0 MARTIN CABRERA DIRECTOR 0.25 X 0 0 0 GREGORY C CASE DIRECTOR 0.25 X 0 0 0 DAVE CASPER FORMER DIRECTOR 0.25 X 0 0 0 HOWARD CHRISMAN DIRECTOR 0.25 X 0 0 0 FRANCO CISTERNINO DIRECTOR 0.25 X 0 0 0 KEVIN COLE DIRECTOR 0.25 X 0 0 0 KEVIN CONSIDINE EX OFFICIO DIRECTOR 0.25 X 0 0 0 ALANNA COTTON DIRECTOR 0.25 X 0 0 0 STEPHANIE CURULEWSKI DIRECTOR 0.25 X 0 0 0 JAMES S CROWN FORMER DIRECTOR 0.25 X 0 0 0 WENDELL DALLAS DIRECTOR 0.25 X 0 0 0 KYLE DEGIULIO DIRECTOR 0.25 X 0 0 0 DAVE DOHNALEK FORMER DIRECTOR 0.25 X 0 0 0 DONALD EDWARDS FORMER DIRECTOR 0.25 X 0 0 0 JOE ERLINGER DIRECTOR 0.25 X 0 0 0 DR OPELLA ERNEST DIRECTOR 0.25 X 0 0 0 JOHN ETTELSON FORMER DIRECTOR 0.25 X 0 0 0 GRAHAM GRADY DIRECTOR 0.25 X 0 0 0 KELLY GRAVES DIRECTOR 0.25 X 0 0 0 RAJ GUPTA FORMER DIRECTOR 0.25 X 0 0 0 DARRELL HACKETT DIRECTOR 0.25 X 0 0 0 NINA HARDING DIRECTOR 0.25 X 0 0 0 DEAN HARRISON FORMER DIRECTOR 0.25 X 0 0 0 BRETT HART DIRECTOR 0.25 X 0 0 0 LORI E HEALEY DIRECTOR 0.25 X 0 0 0 TORRENCE HINTON DIRECTOR 0.25 X 0 0 0 JOHN M HOLMES DIRECTOR 0.25 X 0 0 0 MARK HOPLAMAZIAN DIRECTOR 0.25 X 0 0 0 MARK A HOPPE FORMER DIRECTOR 0.25 X 0 0 0 ZACHERY HOUSE DIRECTOR 0.25 X 0 0 0 PAUL HSU DIRECTOR 0.25 X 0 0 0 GREG HUGHES DIRECTOR 0.25 X 0 0 0 TRAVIS HUNTER JR DIRECTOR 0.25 X 0 0 0 LINDA IMONTI FORMER DIRECTOR 0.25 X 0 0 0 JAIME LM JONES DIRECTOR 0.25 X 0 0 0 STEVEN A KERSTEN DIRECTOR 0.25 X 0 0 0 DAVE KIMBELL DIRECTOR 0.25 X 0 0 0 KIP KIRKPATRICK DIRECTOR 0.25 X 0 0 0 GREG KLAMRZYNSKI DIRECTOR 0.25 X 0 0 0 JOHN KOUDOUNIS DIRECTOR 0.25 X 0 0 0 ASHISH LAL DIRECTOR 0.25 X 0 0 0 RYAN LARISON DIRECTOR 0.25 X 0 0 0 ERIC LEFKOFSKY DIRECTOR 0.25 X 0 0 0 FABIANO LIMA DIRECTOR 0.25 X 0 0 0 TONY MAGGIORE DIRECTOR 0.25 X 0 0 0 JEFFREY MALEHORN EX OFFICIO DIRECTOR 0.25 X 0 0 0 JAMES MANTANKY FORMER DIRECTOR 0.25 X 0 0 0 CRAIG MARTIN DIRECTOR 0.25 X 0 0 0 CHRISTINA MEITUS DIRECTOR 0.25 X 0 0 0 MICHAEL H MOSKOW DIRECTOR 0.25 X 0 0 0 KAREN MURPHY DIRECTOR 0.25 X 0 0 0 MARTIN H NESBITT FORMER DIRECTOR 0.25 X 0 0 0 PIN NI DIRECTOR 0.25 X 0 0 0 DIA NICHOLS DIRECTOR 0.25 X 0 0 0 MICHAEL O'GRADY DIRECTOR 0.25 X 0 0 0 FRANK PASQUESI DIRECTOR 0.25 X 0 0 0 LUKE PETHERBRIDGE DIRECTOR 0.25 X 0 0 0 JOSE LUIS PRADO DIRECTOR 0.25 X 0 0 0 RICHARD S PRICE DIRECTOR 0.25 X 0 0 0 GIL C QUINIONES DIRECTOR 0.25 X 0 0 0 JAIME REDMOND DIRECTOR 0.25 X 0 0 0 DAVID REIFMAN DIRECTOR 0.25 X 0 0 0 MICHAEL REINSDORF DIRECTOR 0.25 X 0 0 0 JIM REYNOLDS DIRECTOR 0.25 X 0 0 0 ROBBERT RIETBROEK FORMER DIRECTOR 0.25 X 0 0 0 JOHN C ROBAK DIRECTOR 0.25 X 0 0 0 DESIREE ROGERS DIRECTOR 0.25 X 0 0 0 LIOR RON DIRECTOR 0.25 X 0 0 0 KRISTEN ROSSI DIRECTOR 0.25 X 0 0 0 DAN RYAN FORMER DIRECTOR 0.25 X 0 0 0 MICHAEL J SACKS DIRECTOR 0.25 X 0 0 0 KAREN SAUDER DIRECTOR 0.25 X 0 0 0 KATHY SCHERER DIRECTOR 0.25 X 0 0 0 JENNIFER SCANLON FORMER DIRECTOR 0.25 X 0 0 0 ERIC SEDLER DIRECTOR 0.25 X 0 0 0 SMITA SHAH DIRECTOR 0.25 X 0 0 0 JEFF SHAPACK DIRECTOR 0.25 X 0 0 0 JON SHULKIN DIRECTOR 0.25 X 0 0 0 RYAN SMITH DIRECTOR 0.25 X 0 0 0 MARC F SPERBER DIRECTOR 0.25 X 0 0 0 JAMES SPRAYREGEN DIRECTOR 0.25 X 0 0 0 JENNIFER STEANS DIRECTOR 0.25 X 0 0 0 MARK SULLIVAN DIRECTOR 0.25 X 0 0 0 SCOTT C SWANSON DIRECTOR 0.25 X 0 0 0 MARK TEBBE DIRECTOR 0.25 X 0 0 0 DONALD THOMPSON DIRECTOR 0.25 X 0 0 0 WADE THOMSON DIRECTOR 0.25 X 0 0 0 EDWARD TILLY FORMER DIRECTOR 0.25 X 0 0 0 LAURA THONN DIRECTOR 0.25 X 0 0 0 JUDY TOLAND DIRECTOR 0.25 X 0 0 0 JEFF TOROSIAN DIRECTOR 0.25 X 0 0 0 ELIZABETH TULACH DIRECTOR 0.25 X 0 0 0 GLEN TULLMAN DIRECTOR 0.25 X 0 0 0 JAMES TURNER DIRECTOR 0.25 X 0 0 0 GRANT C UHLIR DIRECTOR 0.25 X 0 0 0 JOHN R WEISS DIRECTOR 0.25 X 0 0 0 TIM WENTWORTH DIRECTOR 0.25 X 0 0 0 MELISSA WERNECK DIRECTOR 0.25 X 0 0 0 DON WILSON DIRECTOR 0.25 X 0 0 0 JASON WORTENDYKE DIRECTOR 0.25 X 0 0 0 ANDREA ZOPP EX OFFICIO DIRECTOR 0.25 X 0 0 0 MICHAEL FASSNACHT EX OFFICIO DIRECTOR 0.25 X X 161850 0 13586 MELLODY HOBSON DIRECTOR 0.50 X X 0 0 0 PHILIP CLEMENT CEO & PRESIDENT 45.00 X 228201 0 26096 CARRIE SIMMONS VP OF OPERATIONS & HR 45.00 X 150844 0 35024 ABIN KURIAKOSE STRATEGY & INNOVATION CHIE 45.00 X 152086 0 22008 KYLE SCHULZ GROWTH CHIEF OFFICER 45.00 X 154522 0 16988 ADRIENNE TONGATE EVP GLOBAL STRATEGIC INITI 45.00 X 143844 0 37434 ANDREW HAYES SVP, CHIEF OF STAFF 45.00 X 133867 0 26494 1125214 0 177630 7 0 1 0 SHOW STRATEGY INC 222 MERCHANDISE MART PLZ STE 154 CHICAGO IL 60654 POP-UP DESIGN & INSTALLATION 300000 HUBBARD GALBRAITH LLC 211 EAST OHIO STREET CHICAGO IL 60611 ACCOUNTING & FINANCE 168000 BILD GROUP LLC 207 EAST OHIO STREET SUITE 248 CHICAGO IL 60611 IT SERVICES & IT EQUIP RENTAL 126728 3 534487 3108840 4945441 8588768 PROGRAM REVENUE-GCEP 561499 668033 668033 PROGRAM REVENUE-CAST 561499 459309 459309 CHICAGO SISTER CITIES 561499 141632 141632 1268974 106635 106635 171 0 171 171 171 297074 534487 430074 -133000 -133000 OTHER INCOME 561499 16254 16254 16254 9847802 1268974 0 -9940 27585 27585 4443960 3392363 776824 274773 105985 22732 77463 5790 96097 88863 1172 6062 526974 401767 97715 27492 353652 269507 62212 21933 322979 320435 1922 622 137485 27497 103114 6874 221978 33600 179978 8400 65000 65000 222888 192220 29318 1350 244855 215852 22272 6731 270375 137252 123654 9469 614619 483793 98841 31985 300008 264649 23969 11390 71745 71745 964648 964648 29652 23340 4769 1543 79878 62875 12846 4157 CHICAGO SISTER CITIES C 137174 137174 PROFESSIONAL DEVELOPMEN 68045 37110 26590 4345 PAYROLL SERVICES 2148 430 1611 107 BAD DEBT -18000 -18000 9289730 7175437 1644270 470023 1828169 5508143 1708205 1696360 4558510 245400 54580 1459612 168166 148507 131158 108793 52017 22365 532896 551548 2773626 2481958 11676169 12113893 830076 803034 361814 290462 2794701 2573398 3986591 3666894 X 7612732 7216854 76846 1230145 7689578 8446999 11676169 12113893 X 558072 -230725 430074 X X 0 1 X 1 1 1 X 6385413 10050376 11327603 12401001 8588768 48753161 6385413 10050376 11327603 12401001 8588768 48753161 48753161 42758 4272 6420 67837 106806 228093 48981254 233641 0.99530 0.99570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131158 108793 22365 22365 DEPOSITS 137384 OTHER CURRENT ASSETS 101864 LEASE ASSET 2242710 2481958 LEASE LIABILITY 2573398 2573398 X 9847802 0 9847802 0 9847802 9289730 0 9289730 0 9289730 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, 2024 AND 2023. 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 1 PJH AND ASSOCIATES 70 W MADISON ST SUITE 200 CHICAGO IL 60602 CONSULTANT ON GALA FUNDRAISER 0 805650 65000 740650 805650 65000 740650 GALA 831561 534487 297074 88094 183256 84950 73774 831561 534487 297074 88094 183256 84950 73774 430074 -133000 1 UNIVERSITY OF ILLINOIS FOUNDATION 303 ST MARYS ROAD CHAMPAIGN IL 61820 376006007 501(C)(3) 25000 0 SCHOLARSHIP SUPPORT 1 X X 0 0 0 0 0 0 0 0 0 PHILIP CLEMENT CEO & PRESIDENT 228201 0 0 0 0 0 6923 0 19173 0 254297 0 0 0 CARRIE SIMMONS VP OF OPERATIONS & HR 150844 0 0 0 0 0 5492 0 29532 0 185868 0 0 0 ADRIENNE TONGATE EVP GLOBAL STRATEGIC INITI 143844 0 0 0 0 0 10266 0 27168 0 181278 0 0 0 MICHAEL FASSNACHT EX OFFICIO DIRECTOR 161850 0 0 0 0 0 5865 0 7721 0 175436 0 0 0 ABIN KURIAKOSE STRATEGY & INNOVATION CHIE 152086 0 0 0 0 0 3210 0 18798 0 174094 0 0 0 KYLE SCHULZ GROWTH CHIEF OFFICER 154522 0 0 0 0 0 5617 0 11371 0 171510 0 0 0 ANDREW HAYES SVP, CHIEF OF STAFF 133867 0 0 0 0 0 8387 0 18107 0 160361 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 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 AND AGAIN ANNUALLY. 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 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. 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: FUNDRAISING EXPENSE 430,074. FORM 990, PART XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.