Association For Corporate Growth Inc
- Assets
- $11.4m
- Revenue
- $12.3m
- Investments
- $994.9k
- Employees
- 43
- Location
- Chicago, IL
- Founding
- 02/1984
- Data as of
- 08/2021
- 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 08/2021, Association For Corporate Growth Inc employed 43 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 08/2021, Association For Corporate Growth Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $10.8m during the year ending 08/2021. While expenses have increased by 2.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PROFESSIONAL AND BUSINESS INTERESTS 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 BY THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ACG INTERGROWTH CONFERENCE: THE ANNUAL ACG 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. THE ANNUAL EVENT WAS CANCELLED AND AN INSURANCE CLAIM WAS FILED.
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 -LOCAL CHAPTER PROGRAMS-SUBSCRIPTION TO MIDDLE MARKET GROWTH MAGAZINE-SUBSCRIPTION TO ACG'S MONTHLY AND WEEKLY E-NEWSLETTERS-ACCESS TO ACG JOB SOURCE-INDUSTRY WHITE PAPERS-ACCESS TO ONLINE MEMBERSHIP DIRECTORY
CHAPTERSFIFTY-EIGHT CHAPTERS SERVE THE 14,500 MEMBERS OF ACG WORLDWIDE. CHAPTERS PROVIDE LOCAL BREAKFAST MEETINGS, LUNCHES, CONFERENCES, AND SPECIAL EVENTS THAT ENABLE NETWORKING AND EDUCATION.
ACG CAPITALLINK TM INCLUDES THE PITCHBOOK PROPRIETARY DATABASE OF THOUSANDS OF CAPITAL RESOURCES INCLUDING PRIVATE EQUITY FIRMS, HEDGE FUNDS, MEZZANINE INVESTORS, SMALL BUSINESS INVESTMENT COMPANIES, VALUATION FIRMS AND M&A ADVISORY FIRMS. IT IS A COMPREHENSIVE, UP-TO-DATE, USER FRIENDLY ONLINE RESOURCE, AVAILABLE AT NO COST TO ACG MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bohn President & CEO | Officer | 40 | $657,236 |
Matthew Hickman COO | Officer | 40 | $210,681 |
Leslie Whittet Sr Vp-Chapter Oper. (term) | Officer | 40 | $195,218 |
Christine Melendes Sr Vp-Events | Officer | 40 | $190,265 |
Karen Craven Sr Vp-Comm (term) | Officer | 40 | $174,102 |
Loura Spears Sr. Dir.-Finance (term) | Officer | 40 | $147,599 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Decorating Co Convention Services | 8/30/20 | $419,138 |
125 S Wacker Street Reit Rent | 8/30/20 | $376,617 |
Higher Logic Llc Technology Services | 8/30/20 | $126,382 |
Reliable Information Technology Inc Technology Services | 8/30/20 | $107,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,228,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,706,231 |
| 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 | $6,934,681 |
| Total Program Service Revenue | $5,184,813 |
| Investment income | $71,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,271,123 |
| 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. | $1,681,591 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,414,071 |
| Pension plan accruals and contributions | $192,730 |
| Other employee benefits | $0 |
| Payroll taxes | $1,935 |
| Fees for services: Management | $66,667 |
| Fees for services: Legal | $403,651 |
| Fees for services: Accounting | $228,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $1,479,379 |
| Advertising and promotion | $104,907 |
| Office expenses | $381,873 |
| Information technology | $81,810 |
| Royalties | $0 |
| Occupancy | $354,440 |
| Travel | $125,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $582,250 |
| Interest | $18,067 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,989 |
| Insurance | $92,560 |
| All other expenses | $36,058 |
| Total functional expenses | $10,769,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,163,273 |
| Savings and temporary cash investments | $293,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,527,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $315,799 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $449,129 |
| Net Land, buildings, and equipment | $847,476 |
| Investments—publicly traded securities | $1,802,174 |
| Investments—other securities | $994,932 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,393,754 |
| Accounts payable and accrued expenses | $2,232,097 |
| Grants payable | $0 |
| Deferred revenue | $3,306,756 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,711,364 |
| Other liabilities | $31,023 |
| Total liabilities | $7,281,240 |
| Net assets without donor restrictions | $4,112,514 |
| 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 | $11,393,754 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Aisc Holdings Inc Chicago, IL | $39,650,514 | $25,378,611 |
American College Of Surgeons Professional Association Chicago, IL | $12,847,056 | $21,670,888 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |