Association For Corporate Growth Inc
- Assets
- $18.8m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 83
- Location
- Chicago, IL
- Founding
- 02/1984
- Data as of
- 08/2023
- EIN
- 13-6163137
Organization Overview
Association For Corporate Growth Inc is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Association For Corporate Growth Inc employed 83 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Association For Corporate Growth Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Association For Corporate Growth Inc generated $26.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $29.1m during the year ending 08/2023. While expenses have increased by 17.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PROFESSIONAL AND BUSINESS INTEREST OF THE ASSOCIATION FOR CORPORATE GROWTH MEMBERS BY PROVIDING ACCESS TO KNOWLEDGE AND BUSINESS OPPORTUNITIES THROUGH NETWORKING, COMMUNICATIONS, AND FORUMS RELATED TO BOTH INTERNAL AND EXTERNAL CORPORATE GROWTH. EFFECTIVELY SUPPORT LOCAL CHAPTERS IN ACHIEVING THEIR MEMBERSHIP, NETWORKING AND PROGRAMMING GOALS AND STRENGTHEN THE PERCEIVED VALUE PROVIDED BY THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ACG DEALMAX (FORMERLY INTERGROWTH) CONFERENCE:THE ANNUAL ACG DEALMAX (FORMERLY INTERGROWTH) CONFERENCE ALLOWS MEMBERS AND NON-MEMBERS TO ATTEND EDUCATION AND KEYNOTE SPEAKER SESSIONS, EXCHANGE IDEAS, LEARN ABOUT CURRENT TRENDS IN THE INDUSTRY AND NETWORK.
MEMBERSHIP:MEMBERS OF THE ASSOCIATION FOR CORPORATE GROWTH HAVE ACCESS TO A VARIETY OF TOOLS TO ENHANCE THEIR PROFESSIONAL DEVELOPMENT, KNOWLEDGE BASE AND NETWORKING. THESE INCLUDE: -MEMBER RATES TO ATTEND THE ANNUAL INTERGROWTH CONFERENCE -DISCOUNTED REGISTRATION RATES TO ATTEND LOCAL CHAPTER PROGRAMS-SUBSCRIPTION TO MIDDLE MARKET GROWTH MAGAZINE-SUBSCRIPTION TO ACG'S MONTHLY AND WEEKLY E-NEWSLETTERS-ACCESS TO ACG JOBSOURCE-INDUSTRY WHITE PAPERS-ACCESS TO ONLINE MEMBERSHIP DIRECTORY
CHAPTERS:FIFTY-EIGHT CHAPTERS SERVE THE 14,000 MEMBERS OF ACG WORLDWIDE. CHAPTERS PROVIDE LOCAL BREAKFAST MEETINGS, LUNCHES, CONFERENCES, AND SPECIAL EVENTS THAT ENABLE NETWORKING AND EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gershman Chairman | OfficerTrustee | 4 | $0 |
Christine Nowaczyk Chairman Elect | OfficerTrustee | 1 | $0 |
Steve Castino Chairman Of Finance | OfficerTrustee | 2 | $0 |
David Hellier Director | Trustee | 4 | $0 |
Aaron Polack Director | Trustee | 1 | $0 |
David Acharya Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mgm Resorts International Convention Services | 8/30/23 | $1,285,079 |
Freeman Expositions Llc Convention Services | 8/30/23 | $1,002,473 |
Companycom Llc Ams Consultants | 8/30/23 | $549,230 |
Royle Printing Printer/mail Marketing | 8/30/23 | $234,446 |
Red Rocker Touring Convention Services | 8/30/23 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,248,809 |
| Fundraising events | $0 |
| Related organizations | $117,550 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,366,359 |
| Total Program Service Revenue | $21,585,687 |
| Investment income | $423,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,549,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,737,980 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,326,888 |
| Pension plan accruals and contributions | $575,660 |
| Other employee benefits | $1,668,566 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,070 |
| Fees for services: Accounting | $106,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,723,905 |
| Advertising and promotion | $565,650 |
| Office expenses | $495,942 |
| Information technology | $475,364 |
| Royalties | $0 |
| Occupancy | $466,314 |
| Travel | $490,635 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,928,393 |
| Interest | $434,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,179,444 |
| Insurance | $175,685 |
| All other expenses | $540,659 |
| Total functional expenses | $29,055,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,769 |
| Savings and temporary cash investments | $8,456,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,034,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,362,327 |
| Net Land, buildings, and equipment | $1,851,332 |
| Investments—publicly traded securities | $212,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,372,085 |
| Other assets | $0 |
| Total assets | $18,767,690 |
| Accounts payable and accrued expenses | $4,688,641 |
| Grants payable | $0 |
| Deferred revenue | $5,054,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,237,797 |
| Unsecured mortgages and notes payable | $3,525,042 |
| Other liabilities | $0 |
| Total liabilities | $17,506,313 |
| Net assets without donor restrictions | $1,261,377 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,767,690 |