Leadership Greater Chicago Inc
- Assets
- $3.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 36-3293207
Organization Overview
Leadership Greater Chicago Inc is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Leadership Greater Chicago Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Greater Chicago 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 06/2022, Leadership Greater Chicago Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 4.7% 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
TO ENHANCE THE QUALITY OF THE CHICAGO METROPOLITAN AREA'S FUTURE LEADERS IN WHOM THE COMMUNITY WILL VEST RESPONSIBILITY FOR ITS WELL BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YEAR-LONG SIGNATURE FELLOWS PROGRAM IS A CIVIC LEADERSHIP DEVELOPMENT PROGRAM IMMERSING PARTICIPANTS WHO REPRESENT ALL SECTORS AND HAVE BEEN NOMINATED AND SPONSORED BY THEIR EMPLOYER IN THE MAJOR SOCIOECONOMIC ISSUES FACING THE CITY OF CHICAGO AND THE GREATER CHICAGO REGION THROUGH RETREATS, FULL-DAY SEMINARS, SITE VISITS, DISCUSSION GROUPS, CONVERSATIONS WITH LEADERS AND EXPERTS, SERVICE PROJECTS, AND CULTURAL EVENTS, FELLOWS SEEK TO BETTER UNDERSTAND HOW DECISIONS ARE MADE, HOW COMPLEX POLICIES ARE SHAPED, AND HOW TO INFLUENCE MEANINGFUL CHANGE. THE DANIEL BURNHAM FELLOWSHIP WAS LAUNCHED IN FEBRUARY 2019. THIS EXCLUSIVE PROGRAM IS AN ACCELERATED CIVIC ONBOARDING EXPERIENCE FOR SENIOR EXECUTIVES, DESIGNED TO INSPIRE THESE LEADERS TO MOBILIZE AND EXERT THEIR COMBINED INFLUENCE AND INTELLECT TO POSITIVELY IMPACT CHICAGO, ITS FUTURE, AND THE CONTINUED ECONOMIC PROGRESS OF THE REGION. THE FELLOWSHIP IS FOR C-SUITE OR SENIOR LEVEL EXECUTIVES WHO ARE NEW TO THEIR ROLE OR NEW TO CHICAGO, AND WHO WANT TO INTEGRATE INTO THE CIVIC FABRIC OF THE CITY BY UNDERSTANDING ITS HISTORY AND FUTURE TRAJECTORY, BUILDING RELATIONSHIPS AND NETWORKS ACROSS THE GREATER CHICAGO REGION, AND GAINING A DEEPER UNDERSTANDING OF THE CITY, ITS NETWORKS, AND THE BUSINESS COMMUNITY.
THE LEADERSHIP FELLOWS ASSOCIATION (LFA) CONSISTS OF REPRESENTATIVES FROM EVERY LEADERSHIP GREATER CHICAGO FELLOWS CLASS (1985 TO PRESENT) - THAT IS CHARGED WITH FOSTERING THE ENGAGEMENT OF FELLOWS AFTER THEIR PROGRAM YEAR. THIS ENGAGEMENT IS ACCOMPLISHED THROUGH EDUCATION, SOCIAL, AND PHILANTHROPIC ACTIVITIES SHAPED BY THE CONVENE, CONNECT AND MOBILIZE COMMITTEES OF THE ORGANIZATION AND SUPPORTED BY THE PROFESSIONAL STAFF AT THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Stoylmeyer Russell President | OfficerTrustee | 1 | $0 |
David Tropp Treasurer | OfficerTrustee | 1 | $0 |
Mike Andolina Development Committee Co-Chair | OfficerTrustee | 1 | $0 |
Kathleen Carroll Recruitment Committee Co-Chair | OfficerTrustee | 1 | $0 |
Tracie Morris Selection Committee Co-Chair | OfficerTrustee | 1 | $0 |
Denise Poole Selection Committee Co-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $757,912 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $974,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,732,286 |
| Total Program Service Revenue | $1,442,250 |
| Investment income | $45,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,913 |
| Net Income from Fundraising Events | -$208,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,036,444 |
| 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. | $565,671 |
| Compensation of current officers, directors, key employees. | $45,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,582 |
| Pension plan accruals and contributions | $8,398 |
| Other employee benefits | $75,336 |
| Payroll taxes | $53,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,514 |
| Fees for services: Other | $187,063 |
| Advertising and promotion | $16,235 |
| Office expenses | $36,385 |
| Information technology | $15,062 |
| Royalties | $0 |
| Occupancy | $4,898 |
| Travel | $7,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,944 |
| Insurance | $6,133 |
| All other expenses | $0 |
| Total functional expenses | $1,757,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,562 |
| Savings and temporary cash investments | $906,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $270,000 |
| 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 | $8,761 |
| Investments—publicly traded securities | $2,361,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,228 |
| Total assets | $3,720,417 |
| Accounts payable and accrued expenses | $172,490 |
| 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 | $0 |
| Total liabilities | $172,490 |
| Net assets without donor restrictions | $2,811,767 |
| Net assets with donor restrictions | $736,160 |
| 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 | $3,720,417 |