Commercial Club Of Chicago is located in Chicago, IL. The organization was established in 1929. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Commercial Club Of Chicago employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commercial Club Of Chicago is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Commercial Club Of Chicago generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 6.2% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY INITIATIVES - THE CIVIC COMMITTEE ESTABLISHES TASK FORCES AND COMMITTEES TO UNDERTAKE STUDIES AND DEVELOPS RECOMMENDATIONS TO ADDRESS KEY POLICY ISSUES CONFRONTING THE CHICAGO REGION. IN FISCAL 2022, KEY INITIATIVES INCLUDED: STATE FINANCE AND TAX POLICY TASK FORCE, TRANSPORTATION TASK FORCE, BUSINESS DIVERSITY INITIATIVE, EDUCATIONAL REFORM, VETERANS WORKING GROUP, AND OTHER INITIATIVES.
THE CLUB HOLDS MEETINGS AND EVENTS THROUGHOUT THE YEAR TO DISCUSS ITS PROGRAMS AND TO HEAR SPEAKERS DISCUSS KEY POLICY ISSUES THAT IMPACT THE CHICAGO REGION AND THE NATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelly R Welsh President | OfficerTrustee | 38 | $516,503 |
Cordelia C Meyer Executive Vice President | Officer | 38 | $371,732 |
Tom Kotarac Vp, Transport/infrastructu | 40 | $275,116 | |
Suzanne Fisher Vp, Finance & Admin | 30 | $187,321 | |
Sarah Powell Accounting Manager | 28 | $120,134 | |
Amberly Zweiner Policy Manager | 40 | $117,352 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Kivvit Consulting | 6/29/22 | $110,000 |
Sdi Presence Llc It Consulting | 6/29/22 | $173,910 |
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 | $4,075,494 |
Investment income | $44,242 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $40,493 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,161,715 |
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. | $1,023,278 |
Compensation of current officers, directors, key employees. | $52,899 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,236,842 |
Pension plan accruals and contributions | $59,380 |
Other employee benefits | $101,806 |
Payroll taxes | $113,915 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $93,839 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $806,776 |
Advertising and promotion | $0 |
Office expenses | $94,176 |
Information technology | $403,565 |
Royalties | $0 |
Occupancy | $231,573 |
Travel | $4,242 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $80,150 |
Interest | $15 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $88,317 |
Insurance | $24,593 |
All other expenses | $44,518 |
Total functional expenses | $4,451,174 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,753 |
Savings and temporary cash investments | $1,392,854 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,270 |
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 | $14,205 |
Net Land, buildings, and equipment | $181,203 |
Investments—publicly traded securities | $1,905,788 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $211,741 |
Total assets | $3,716,814 |
Accounts payable and accrued expenses | $720,739 |
Grants payable | $0 |
Deferred revenue | $15,000 |
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 | $243,262 |
Total liabilities | $979,001 |
Net assets without donor restrictions | $2,737,813 |
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 | $3,716,814 |
Over the last fiscal year, we have identified 3 grants that Commercial Club Of Chicago has recieved totaling $3,382,869.
Awarding Organization | Amount |
---|---|
Commercial Club Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $3,116,869 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: FOR P33 | $200,000 |
Mansueto Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $66,000 |
Organization Name | Assets | Revenue |
---|---|---|
Jasper County Sheltered Facilities Association Joplin, MO | $6,892,857 | $15,950,127 |
Community Ventures In Living Ltd Lafayette, IN | $4,082,681 | $10,075,457 |
Community Action Of Greater Indianapolis Inc Indianapolis, IN | $3,236,158 | $6,334,161 |
Northeast Missouri Community Action Agency Kirksville, MO | $5,382,186 | $5,648,075 |
Pulitzer Arts Foundation St Louis, MO | $117,606,800 | $4,950,340 |
Commercial Club Of Chicago Chicago, IL | $3,716,814 | $4,161,715 |
Community Bankers Association Of Illinois Inc Springfield, IL | $6,623,230 | $3,824,328 |
Kentucky Rural Water Association Bowling Green, KY | $3,114,673 | $3,332,074 |
Fifth Street Renaissance Springfield, IL | $4,994,855 | $3,310,939 |
Missouri Rural Water Association Ashland, MO | $4,721,594 | $3,401,611 |
Metropolitan Mayors Caucus Chicago, IL | $783,756 | $1,433,740 |
Community Care In Union County Inc Liberty, IN | $207,177 | $1,400,379 |