Chicago Advertising Federation
- Assets
- $331.0k
- Revenue
- $380.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Morton Grove, IL
- Founding
- 07/1937
- Data as of
- 06/2023
- EIN
- 36-0899605
Organization Overview
Chicago Advertising Federation is located in Morton Grove, IL. The organization was established in 1937. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Advertising Federation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Chicago Advertising Federation generated $380.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $354.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 4 years. 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 CHICAGO ADVERTISING FEDERATION'S MISSION IS TO ELEVATE THE MARKETING COMMUNITY TO FOSTER THOUGHT LEADERSHIP IN CHICAGO. ITS PURPOSE IS TO DELIVER EXPERIENCES THAT BUILD STRONG COMMUNITY ACROSS MARKETING. ITS VISION IS TO UNITE AND GROW THE CONNECTORS IN MARKETING TO BE A COMMON THREAD ACROSS A DYNAMIC AND DIVERSE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAF HOLDS SEVERAL EVENTS THROUGHOUT THE YEAR TO CREATE GROWTH OPPORTUNITIES FOR BUSINESSES AND INDIVIDUALS INVOLVED IN THE CHICAGO ADVERTISING COMMUNITY. THESE EVENTS INCLUDE:CAREER DAY, WHICH IS A ONE DAY EVENT FOR COLLEGE AND UNIVERSITY STUDENTS, COUNSELORS, AND PROFESSORS TO ATTEND AND LEARN ABOUT THE WORLD OF ADVERTISING. THE DAY INCLUDES SEVERAL KEYNOTE SPEAKERS, PANEL DISCUSSION SESSIONS AND A NETWORKING LUNCH. SILVER MEDAL AWARDS, WHICH IS AN ANNUAL EVENT THAT HONORS A DISTINGUISHED MEMBER OF THE CHICAGO ADVERTISING COMMUNITY FOR HIS/HER CONTRIBUTIONS AND ACCOMPLISHMENTS TO THE ADVERTISING FIELD. ADVERTISING WOMAN OF THE YEAR (AWOY) -- EACH YEAR A DISTINGUISHED FEMALE IN THE CHICAGO ADVERTISING COMMUNITY IS SELECTED BY A VOTE OF THE BOARD OF DIRECTORS, AFTER CONSIDERATION OF NOMINEES, AS THE ADVERTISING WOMAN OF THE YEAR.
COMMUNITY INVOLVEMENT -- DONATIONS TO OFF THE STREET CLUB FULFILLS THE FEDERATION'S MISSION COMMITMENT TO COMMUNITY INVOLVEMENT PROVIDING ASSISTANCE FUNDING TO CHICAGO'S OLDEST BOYS AND GIRLS CLUB, SERVING MORE THAN 3,000 KIDS IN ONE OF CHICAGO'S MOST DANGEROUS NEIGHBORHOODS.
CAF HOSTS THE AMERICAN ADVERTISING AWARDS (ADDY AWARDS), WHICH IS A LOCAL COMPETITION FOR THE AMERICAN ADVERTISING FEDERATION'S (AAF) AWARDS PROGRAM AND SENDS ITS WINNERS TO THE DISTRICT LEVEL COMPETITION. WINNERS FROM THE DISTRICT LEVEL GO ON TO THE NATIONAL COMPETITION. THE AMERICAN ADVERTISING AWARDS ARE THE CREATIVE INDUSTRY'S LARGEST AND MOST REPRESENTATIVE NATIONAL COMPETITION.
PROFESSIONAL ENRICHMENT -- CAF HOSTS VARIOUS SEMINARS AND INDUSTRY DIVERSITY PROGRAMS WHICH ALLOW NETWORKING, LEARNING AND COMMUNITY SERVICE OPPORTUNITIES FOR THOSE IN THE INDUSTRY. YOUNG PROFESSIONALS PARTICIPATE IN ATTENDING AND ASSIST IN ADMINISTRATION OF THESE PROGRAMS, WHICH SERVES AS A WAY TO GET THEM INVOLVED IN THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Roche Director | Trustee | 4 | $0 |
Kerry Mysliwiec Treasurer | OfficerTrustee | 4 | $0 |
Dan Bonert Director | Trustee | 4 | $0 |
Josh Ehart Director | Trustee | 4 | $0 |
Baomy Wehrle Director | Trustee | 4 | $0 |
Mark Rowland President Elect | OfficerTrustee | 4 | $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 | $272,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,442 |
| Total Program Service Revenue | $107,738 |
| Investment income | $0 |
| 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 | $380,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,950 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $114,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,040 |
| Advertising and promotion | $0 |
| Office expenses | $2,788 |
| Information technology | $13,174 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,566 |
| Insurance | $2,462 |
| All other expenses | $0 |
| Total functional expenses | $354,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $331,025 |
| Accounts payable and accrued expenses | $15,643 |
| Grants payable | $0 |
| Deferred revenue | $19,499 |
| 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 | $0 |
| Total liabilities | $35,142 |
| Net assets without donor restrictions | $295,883 |
| 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 | $331,025 |