The Economic Club Of Chicago
- Assets
- $6.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Chicago, IL
- Founding
- 12/2013
- Data as of
- 06/2022
- EIN
- 30-0748997
Organization Overview
The Economic Club Of Chicago is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Economic Club Of Chicago employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Club Of Chicago is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Economic Club Of Chicago generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 5.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ECONOMIC CLUB OF CHICAGO FOSTERS MEANINGFUL CONNECTIONS AMONG CHICAGO LEADERS TO ENCOURAGE DIALOGUE ON IMPORTANT ECONOMIC AND SOCIAL ISSUES AND TO CULTIVATE THE NEXT GENERATION OF CIVIC LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECONOMIC CLUB OF CHICAGO HELD 174 EDUCATIONAL PROGRAMS DURING THE 2021-2022 PROGRAM YEAR. TOTAL ATTENDANCE AT THESE PROGRAMS WAS 8,572 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 2021-2022 FISCAL YEAR INCLUDED THE REID HOFFMAN, KEN GRIFFIN, CHIP BERGH, THE HONORABLE GINA RAIMONDO, JORGEN VIG KNUDSTORP, ROZ BREWER, PEDRO MARTINEZ, LISA SU, ZANNY MINTON BEDDOES, AND ARI EMANUEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,580,134 |
| Investment income | $173,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,753,433 |
| 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. | $1,064,400 |
| Compensation of current officers, directors, key employees. | $119,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $905,145 |
| Pension plan accruals and contributions | $164,747 |
| Other employee benefits | $157,953 |
| Payroll taxes | $127,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,836 |
| Fees for services: Other | $104,261 |
| Advertising and promotion | $0 |
| Office expenses | $146,673 |
| Information technology | $172,549 |
| Royalties | $0 |
| Occupancy | $175,460 |
| Travel | $19,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,349 |
| Insurance | $20,135 |
| All other expenses | $0 |
| Total functional expenses | $4,218,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,950 |
| 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 | $89,520 |
| Net Land, buildings, and equipment | $306,179 |
| Investments—publicly traded securities | $6,187,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,862,322 |
| Accounts payable and accrued expenses | $596,736 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $1,290,631 |
| Total liabilities | $1,887,367 |
| Net assets without donor restrictions | $4,974,955 |
| 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 | $6,862,322 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Economic Club Of Chicago has recieved totaling $1,900.
| Awarding Organization | Amount |
|---|---|
Future Wanxiang Foundation Inc South Barrington, IL PURPOSE: GENERAL SUPPORT | $1,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |