International Visitors Center Of Chicago
- Assets
- $1.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 08/1959
- Data as of
- 12/2023
- EIN
- 36-2406639
Organization Overview
International Visitors Center Of Chicago, operating under the name WorldChicago, is located in Chicago, IL. The organization was established in 1959. According to its NTEE Classification (Q23) the organization is classified as: International Exchange N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, WorldChicago employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. WorldChicago 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 12/2023, WorldChicago generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 6 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.
Since 2021, WorldChicago has awarded 24 individual grants totaling $317,969. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVES AS A CENTER FOR CITIZEN DIPLOMACY BETWEEN CHICAGOANS AND VISITORS FROM AROUND THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUNG TRANSATLANTIC INNOVATION LEADERS INITIATIVE BRINGS YOUNG ENTREPRENEURS TO THE U.S. FOR AN INTENSIVE ONE-MONTH FELLOWSHIP IN A START-UP OR SMALL TO MID-SIZED BUSINESS IN ONE OF 9 U.S. CITIES. THIS PROGRAM DEVELOPS LEADERSHIP AND THE ENTREPRENEURIAL MINDSET IN THESE FELLOWS AND BUILDS TRANSATLANTIC PARTNERSHIPS BETWEEN THE U.S. AND EUROPE.
THE YOUTH LEADERSHIP PROGRAM FOSTERS MUTUAL UNDERSTANDING, RESPECT, AND CIVIC ENGAGEMENT AMONG YOUNG AMERICANS AND THEIR INTERNATIONAL PEERS. DURING THE EXCHANGES, STUDENTS AND EDUCATORS PARTICIPATE IN WORKSHOPS, COMMUNITY SERVICE ACTIVITIES, TEAM BUILDING EXERCISES, MEETINGS WITH COMMUNITY LEADERS, LEADERSHIP DEVELOPMENT, AND LIVE WITH AMERICAN FAMILIES. UPON THEIR RETURN HOME, THE STUDENTS APPLY WHAT THEY HAVE LEARNED TO IMPLEMENT PROJECTS THAT SERVE NEEDS IN THEIR COMMUNITIES.
THE INTERNATIONAL VISITOR LEADERSHIP PROGRAM (IVLP) IS THE U.S. DEPARTMENT OF STATE'S PREMIER PROFESSIONAL EXCHANGE PROGRAM. THROUGH SHORT-TERM VISITS TO THE UNITED STATES, CURRENT AND EMERGING FOREIGN LEADERS IN A VARIETY OF FIELDS EXPERIENCE THIS COUNTRY FIRSTHAND AND CULTIVATE LASTING RELATIONSHIPS WITH THEIR AMERICAN COUNTERPARTS. PROFESSIONAL MEETINGS REFLECT THE PARTICIPANTS' PROFESSIONAL INTERESTS AND SUPPORT THE FOREIGN POLICY GOALS OF THE UNITED STATES. THE MAJORITY OF WORLDCHICAGO'S INTERNATIONAL DELEGATES ARE PARTICIPANTS IN THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Harwood Chair | OfficerTrustee | 3 | $0 |
Rebecca Wellisch Vice Chair | OfficerTrustee | 3 | $0 |
Sevil Kutay Secretary | OfficerTrustee | 3 | $0 |
Anthony Preston Board Member | Trustee | 1 | $0 |
Bernard Ramos Board Member | Trustee | 1 | $0 |
David Wellman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,025 |
| Related organizations | $0 |
| Government grants | $2,334,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,471,441 |
| Total Program Service Revenue | $10,640 |
| 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 | $7,437 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,489,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,678 |
| 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. | $174,716 |
| Compensation of current officers, directors, key employees. | $11,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,787 |
| Pension plan accruals and contributions | $15,163 |
| Other employee benefits | $74,544 |
| Payroll taxes | $48,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,982 |
| Advertising and promotion | $7,240 |
| Office expenses | $1,796 |
| Information technology | $23,058 |
| Royalties | $0 |
| Occupancy | $54,822 |
| Travel | $355,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,809 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,700 |
| Insurance | $6,070 |
| All other expenses | $14,305 |
| Total functional expenses | $2,737,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $491,707 |
| Savings and temporary cash investments | $136,224 |
| Pledges and grants receivable | $232,862 |
| Accounts receivable, net | $0 |
| 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 | $1,370 |
| Net Land, buildings, and equipment | $7,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,315 |
| Total assets | $1,074,183 |
| Accounts payable and accrued expenses | $64,526 |
| 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 | $160,732 |
| Total liabilities | $225,258 |
| Net assets without donor restrictions | $692,057 |
| Net assets with donor restrictions | $156,868 |
| 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 | $1,074,183 |
Grants Awarded
Over the last fiscal year, International Visitors Center Of Chicago has awarded $153,678 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL TIES ABQ PURPOSE: Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs | $20,636 |
CITIZEN DIPLOMACY INTERNATIONAL OF PHILADELPHIA PURPOSE: Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs | $16,953 |
GLOBAL TIES ALABAMA PURPOSE: Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs | $18,276 |
GLOBAL TIES DETROIT PURPOSE: Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs | $21,843 |
SAN DIEGO DIPLOMACY COUNCIL PURPOSE: Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs | $18,095 |
INTERNATIONAL HOUSE OF METROLINA PURPOSE: Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs | $17,817 |