The Economic Club Of Chicago
- Assets
- $7.7m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Chicago, IL
- Founding
- 12/2013
- Data as of
- 06/2023
- 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 06/2023, Economic Club Of Chicago employed 21 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 06/2023, Economic Club Of Chicago generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 8 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
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 138 EDUCATIONAL PROGRAMS DURING THE 2022-2023 PROGRAM YEAR. TOTAL ATTENDANCE AT THESE PROGRAMS WAS 11,378 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 2022-2023 FISCAL YEAR INCLUDED CHRIS KEMPCZINSKI, MARTIN SCORSESE, GWYNNE SHOTWELL, DARA KHOSROWSHAHI, DR. ALBERT BOURLA, JOSE ANDRES, AUSTAN GOOSLBEE, EBOO PATEL, AND BRETT HART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President And CEO | OfficerTrustee | 40 | $448,628 |
Name Not Listed Treasurer & Executive Committee Member | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary & Executive Committee Member | OfficerTrustee | 1 | $0 |
Name Not Listed First Vice Chair , Programs & Executive Committee Member | OfficerTrustee | 1 | $0 |
Name Not Listed Chair & Executive Committee Member | OfficerTrustee | 2 | $0 |
Name Not Listed Second Vice Chair, Forums & Executive Committee Member | OfficerTrustee | 1 | $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 | $4,825,677 |
| Investment income | $152,280 |
| 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 | $5,728,712 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,151,700 |
| Other salaries and wages | $1,124,548 |
| Pension plan accruals and contributions | $167,784 |
| Other employee benefits | $186,249 |
| Payroll taxes | $139,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,349 |
| Fees for services: Other | $155,544 |
| Advertising and promotion | $0 |
| Office expenses | $218,298 |
| Information technology | $149,366 |
| Royalties | $0 |
| Occupancy | $200,410 |
| Travel | $12,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,423 |
| Insurance | $21,091 |
| All other expenses | $0 |
| Total functional expenses | $5,029,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,425 |
| 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 | $98,782 |
| Net Land, buildings, and equipment | $209,152 |
| Investments—publicly traded securities | $6,720,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,363 |
| Total assets | $7,653,231 |
| Accounts payable and accrued expenses | $1,099,887 |
| Grants payable | $0 |
| Deferred revenue | $3,550 |
| 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 | $479,460 |
| Total liabilities | $1,582,897 |
| Net assets without donor restrictions | $6,070,334 |
| 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 | $7,653,231 |