Executives Club Of Chicago
- Assets
- $2.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Chicago, IL
- Founding
- 01/1941
- Data as of
- 06/2023
- EIN
- 36-1054078
Organization Overview
Executives Club Of Chicago is located in Chicago, IL. The organization was established in 1941. 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, Executives Club Of Chicago employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Executives Club Of Chicago 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 06/2023, Executives Club Of Chicago generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 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
TO BE CHICAGO'S PREMIER RESOURCES FOR CONNECTING, DEVELOPING, AND GROWING BEST-IN-CLASS LEADERS TO PROVIDE ESTABLISHED AND EMERGING LEADERS OPPORTUNITIES TO DEVELOP AND NURTURE MEANINGFUL RELATIONSHIPS, PARTICIPATE IN INNOVATIVE PROGRAMMING, AND GAIN WORLD-CLASS KNOWLEDGE THAT WILL EXPAND PERSPECTIVES AND SHARPEN CAPABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SPONSORSHIP: PROGRAM SPONSORSHIP DELIVERS AN EXTENSIVE PORTFOLIO OF EVENTS EACH SEASON, WHICH PRESENT INFLUENTIAL GLOBAL LEADERS, CURRENT BUSINESS AND ECONOMIC TRENDS AND BEST PRACTICES THAT RESPOND TO THE INTERESTS OF THE BUSINESS COMMUNITY.
MEMBERSHIP: THE CLUB'S MEMBERSHIP ACTIVITIES AIM TO PROVIDE SUPPORT, HELP RECRUIT, AND RETAIN MEMBERS THROUGH EDUCATING THEM ON MEMBER BENEFITS AND MEMBER VALUE BY VIRTUE OF BEING A MEMBER OF THE CLUB.
LEADERSHIP DEVELOPMENT: THE LEADERSHIP DEVELOPMENT PROGRAMMING AT THE CLUB PROVIDES EXECUTIVES WITH OPPORTUNITIES TO GROW PERSONALLY AND PROFESSIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Swanson Chair | OfficerTrustee | 3 | $0 |
Dean Harrison Immediate Past Chair | OfficerTrustee | 1 | $0 |
Teresa Wilton Harmon Secretary | OfficerTrustee | 1 | $0 |
Linda Imonti First Vice Chair | Trustee | 1 | $0 |
Christine Schyvinck Second Vice Chair | Trustee | 1 | $0 |
David Hanfland Director | Trustee | 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 | $16,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,761 |
| Total Program Service Revenue | $3,954,562 |
| Investment income | $28,455 |
| 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 | $3,999,778 |
| 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. | $1,272,578 |
| Compensation of current officers, directors, key employees. | $194,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $702,174 |
| Pension plan accruals and contributions | $29,011 |
| Other employee benefits | $83,288 |
| Payroll taxes | $117,144 |
| Fees for services: Management | $70,473 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,592 |
| Advertising and promotion | $23,593 |
| Office expenses | $34,262 |
| Information technology | $117,646 |
| Royalties | $0 |
| Occupancy | $99,326 |
| Travel | $55,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,825 |
| Insurance | $10,012 |
| All other expenses | $0 |
| Total functional expenses | $3,755,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995,196 |
| Savings and temporary cash investments | $251,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,675 |
| 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 | $76,936 |
| Net Land, buildings, and equipment | $151,496 |
| Investments—publicly traded securities | $973,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $235,577 |
| Total assets | $2,797,961 |
| Accounts payable and accrued expenses | $381,936 |
| Grants payable | $0 |
| Deferred revenue | $777,171 |
| 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 | $270,612 |
| Total liabilities | $1,429,719 |
| Net assets without donor restrictions | $1,368,242 |
| 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 | $2,797,961 |