Commercial Club Foundation
- Assets
- $3.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 07/1986
- Data as of
- 06/2023
- EIN
- 36-3406446
Organization Overview
Commercial Club Foundation is located in Chicago, IL. The organization was established in 1986. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Commercial Club Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commercial Club Foundation 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, Commercial Club Foundation generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.6m during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 8 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 2015, Commercial Club Foundation has awarded 71 individual grants totaling $40,821,899. 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
SEE SCHEDULE OTHE FOUNDATION WAS ORGANIZED TO FUND ACTIVITIES OF THE CIVIC COMMITTEE & ITS AFFILIATED ORGS IN THEIR MISSIONS TO MAKE CHICAGO A BETTER PLACE FOR EVERYONE TO LIVE, WORK, & DO BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDS ACTIVITIES OF THE CIVIC COMMITTEE OF THE COMMERCIAL CLUB OF CHICAGO AND ITS RELATED AND AFFILIATED ORGANIZATIONS IN THEIR MISSION TO MAKE THE CHICAGO REGION A BETTER PLACE FOR EVERYONE TO LIVE, WORK, AND DO BUSINESS.
THE FOUNDATION PURSUES LEGISLATIVE ACTIONS ON BEHALF OF THE AFFILIATED ORGANIZATIONS IN THE CITY OF CHICAGO AND THE STATE OF ILLINOIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly R Welsh Thru 0722 Director/president | OfficerTrustee | 1 | $6,673 |
Michael O'grady Director/chairman | OfficerTrustee | 1 | $0 |
Jennifer Scanlon Director/vice Chairman | OfficerTrustee | 1 | $0 |
Derek Rb Douglas Director/president (as Of 08/22) | OfficerTrustee | 4 | $57,403 |
Scott Swanson Treasurer | Officer | 1 | $0 |
Jay L Henderson Secretary | Officer | 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 | $6,026,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,026,500 |
| Total Program Service Revenue | $0 |
| Investment income | $91,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,821 |
| Net Gain/Loss on Asset Sales | $85,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,183,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,186,665 |
| 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. | $168,565 |
| Compensation of current officers, directors, key employees. | $22,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,726 |
| Pension plan accruals and contributions | $1,570 |
| Other employee benefits | $5,747 |
| Payroll taxes | $8,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,279 |
| Fees for services: Lobbying | $147,996 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,411 |
| Information technology | $14,076 |
| Royalties | $0 |
| Occupancy | $17,141 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,398 |
| All other expenses | $2,470 |
| Total functional expenses | $5,615,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,196 |
| Savings and temporary cash investments | $733,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $568 |
| 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 | $50,638 |
| Net Land, buildings, and equipment | $10,000 |
| Investments—publicly traded securities | $2,763,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,466 |
| Total assets | $3,639,028 |
| Accounts payable and accrued expenses | $47,932 |
| 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 | $210,107 |
| Total liabilities | $258,039 |
| Net assets without donor restrictions | $2,901,472 |
| Net assets with donor restrictions | $479,517 |
| 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 | $3,639,028 |
Grants Awarded
Over the last fiscal year, Commercial Club Foundation has awarded $5,179,592 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CIVIC CONSULTING ALLIANCE PURPOSE: GENERAL SUPPORT | $1,597,160 |
THE COMMERCIAL CLUB OF CHICAGO PURPOSE: GENERAL SUPPORT | $3,021,948 |
P33 PURPOSE: GENERAL SUPPORT | $300,000 |
KIDS FIRST CHICAGO FOR EDUCATION PURPOSE: GENERAL SUPPORT | $223,876 |
THE CIVIC FEDERATION PURPOSE: GENERAL SUPPORT | $15,000 |
UNITED WAY OF METROPOLITAN CHICAGO-UNITED WAY TOCQUEVILLE SOCIETY PURPOSE: GENERAL SUPPORT | $10,000 |