Chicago Network Inc
- Assets
- $2.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 04/2015
- Data as of
- 06/2023
- EIN
- 36-3099583
Organization Overview
Chicago Network Inc is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Chicago Network Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Network Inc 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, Chicago Network Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. 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 EDUCATE MEMBERS AND THE PUBLIC ON ISSUES RELATED TO ADVANCEMENT OF WOMEN IN THE WORKPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHPAD - THE CHICAGO NETWORK'S MISSION IS TO CONNECT WITH EACH OTHER FOR PERSONAL AND PROFESSIONAL GROWTH, ADVANCE OUR CIVIC, BUSINESS, AND PHILANTHROPIC COMMUNITIES, AND INSPIRE AND SUPPORT THE NEXT GENERATION. LAUNCHPAD WOMEN'S LEADERSHIP SUMMIT IS ONE OF OUR CORNERSTONE INITIATIVES TO ADVANCE THE NEXT GENERATION. IT PROVIDES EMERGING WOMEN LEADERS WITH HIGH-LEVEL PROGRAMMING CONTENT AND ACTIONABLE TOOLS TO HELP THEM ACHIEVE THEIR CAREER OBJECTIVES.
WOMAN IN FOREFRONT LUNCHEON (WIFL) - THIS IS THE NETWORK'S HALLMARK EVENT. THIS ANNUAL LUNCHEON, OPEN TO MEMBERS AND NON-MEMBERS ALIKE, FEATURES KEYNOTE SPEAKERS DISCUSSING THEIR EXPERIENCES AND ACHIEVEMENTS.
EQUITY PRINCIPLES CAMPAIGN - THE CHICAGO NETWORK EQUITY PRINCIPLES CAMPAIGN AIMS TO ACHIEVE 50% REPRESENTATION OF WOMEN IN LEADERSHIP POSITIONS ACROSS ORGANIZATIONS THROUGHOUT CHICAGOLAND BY 2030. WITH A PURPOSE OF EMPOWERING WOMEN TO LEAD, THE CHICAGO NETWORK IS UNIQUELY POSITIONED TO LEAD A CAMPAIGN FOR GENDER EQUITY IN THE WORKPLACE. THE INFLUENCE OF OUR MEMBERS THE 500+ WOMEN LEADERS AT THE FOREFRONT OF OUR CITY'S BUSINESS, PROFESSIONAL, CULTURAL, NON-PROFIT, AND EDUCATIONAL COMMUNITIES - REACHES ACROSS ALL SECTORS AND LEVELS. IN COLLABORATION WITH CHICAGOLAND'S BUSINESS AND CIVIC DECISION-MAKERS, WE DEVELOPED THE CHICAGO NETWORK EQUITY PRINCIPLES AND INVITE CAMPAIGN PARTNERS TO COMMIT TO TAKING THE NECESSARY ACTIONS IN THEIR ORGANIZATIONS TO PRODUCE MEASURABLE WORKPLACE IMPROVEMENTS BY 2030. WE CURRENTLY HAVE OVER 100 SIGNATORIES TO DATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Imonti Chair | OfficerTrustee | 1 | $0 |
Suzet Mckinney Vice Chair/chair Elect | OfficerTrustee | 1 | $0 |
Deb Boyda Secretary Treasurer | OfficerTrustee | 1 | $0 |
Denise Singleton Immediate Past Chair | Trustee | 1 | $0 |
Tracey Benford Director | Trustee | 1 | $0 |
Barbra Bukovac Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $430,785 |
| Fundraising events | $1,011,470 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,454,255 |
| Total Program Service Revenue | $0 |
| Investment income | $51,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,523,518 |
| 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. | $414,999 |
| Compensation of current officers, directors, key employees. | $244,229 |
| Compensation to disqualified persons | $187,297 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,948 |
| Payroll taxes | $30,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,074 |
| Fees for services: Other | $102,600 |
| Advertising and promotion | $0 |
| Office expenses | $19,854 |
| Information technology | $21,465 |
| Royalties | $0 |
| Occupancy | $84,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,566 |
| Insurance | $6,350 |
| All other expenses | $2,665 |
| Total functional expenses | $1,221,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,292 |
| Savings and temporary cash investments | $39,531 |
| Pledges and grants receivable | $97,375 |
| Accounts receivable, net | $10,276 |
| 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 | $145,101 |
| Net Land, buildings, and equipment | $45,550 |
| Investments—publicly traded securities | $1,829,390 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,922 |
| Total assets | $2,791,437 |
| Accounts payable and accrued expenses | $225,172 |
| Grants payable | $0 |
| Deferred revenue | $255,100 |
| 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 | $98,727 |
| Total liabilities | $578,999 |
| Net assets without donor restrictions | $1,196,132 |
| Net assets with donor restrictions | $1,016,306 |
| 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 | $2,791,437 |