Association For Corporate Growth Inc
- Assets
- $16.3m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Chicago, IL
- Founding
- 02/1984
- Data as of
- 08/2021
- EIN
- 91-1868118
Organization Overview
Association For Corporate Growth Inc is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2021, Association For Corporate Growth Inc employed 22 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Association For Corporate Growth Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2021, Association For Corporate Growth Inc generated $11.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $10.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Association For Corporate Growth Inc has awarded 22 individual grants totaling $158,869. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PROFESSIONAL AND BUSINESS INTEREST OF THE ASSOCIATION FOR CORPORATE GROWTH MEMBERS BY PROVIDING ACCESS TO KNOWLEDGE AND BUSINESS OPPORTUNITIES THROUGH NETWORKING, COMMUNICATIONS, AND FORUMS RELATED TO BOTH INTERNAL AND EXTERNAL CORPORATE GROWTH. EFFECTIVELY SUPPORT LOCAL CHAPTERS IN ACHIEVING THEIR MEMBERSHIP, NETWORKING AND PROGRAMMING GOALS AND STRENGTHEN THE PERCEIVED VALUE PROVIDED BY THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY MEMBERSHIP MEETINGS AND SEMINARS-- SEE PART VIII FOR REVENUE BY CATEGORYCHAPTER ACTIVITIES/MEETINGS PROVIDE THE FORUM THROUGH WHICH THE ASSOCIATION OBJECTIVES ARE FULFILLED, FOSTER NETWORKING FOR MEMBERS OF THE ASSOCIATION AND PROVIDE MEMBERS WITH THE OPPORTUNITY TO:A) GAIN NEW IDEAS FROM SPEAKERS, SEMINARS AND DISCUSSION WITH PEOPLE WORKING IN THE FIELD OF CORPORATE GROWTH AND;B) DEVELOP ADDITIONAL SKILLS AND TECHNIQUES WHICH WILL CONTRIBUTE TO THE GROWTH OF THEIR RESPECTIVE ORGANIZATIONS;C) MEET OTHER CORPORATE GROWTH PROFESSIONALS WHO CAN PROVIDE COUNSEL AND VALUABLE CONTACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rivera Exec Dir (la) | Officer | 40 | $207,455 |
Vikash Magdani Exec Dir (ny) | Officer | 40 | $200,000 |
Melanie Brandt Exec Dir (atlanta) | Officer | 40 | $169,096 |
Morgan Stone Exec Dir (houston) | 40 | $140,880 | |
Christy Dancause Exec Dir (boston) | 40 | $112,859 | |
See Attached Individual Chapter Directors | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chraft Pr Conference Coordinator | 8/30/21 | $376,182 |
Jennifer Simons Association Management | 8/30/21 | $102,603 |
Stephanie Mcalaine Association Management | 8/30/21 | $202,856 |
Debra Michie Association Management | 8/30/21 | $157,724 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,009,706 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $509,230 |
| 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 | $2,518,936 |
| Total Program Service Revenue | $8,545,116 |
| Investment income | $52,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,116,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,395 |
| Grants and other assistance to domestic individuals. | $27,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $717,429 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,505,209 |
| Pension plan accruals and contributions | $96,803 |
| Other employee benefits | $0 |
| Payroll taxes | $84,585 |
| Fees for services: Management | $2,889,440 |
| Fees for services: Legal | $59,655 |
| Fees for services: Accounting | $225,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $718 |
| Fees for services: Other | $64,291 |
| Advertising and promotion | $312,853 |
| Office expenses | $171,464 |
| Information technology | $129,133 |
| Royalties | $0 |
| Occupancy | $32,641 |
| Travel | $40,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,736,107 |
| Interest | $0 |
| Payments to affiliates | $19,275 |
| Depreciation, depletion, and amortization | $10,471 |
| Insurance | $10,033 |
| All other expenses | $0 |
| Total functional expenses | $10,394,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,101,665 |
| Savings and temporary cash investments | $6,135,625 |
| Pledges and grants receivable | $11,500 |
| Accounts receivable, net | $865,299 |
| 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 | $61,850 |
| Net Land, buildings, and equipment | $17,334 |
| Investments—publicly traded securities | $954,442 |
| Investments—other securities | $0 |
| Investments—program-related | $16,414 |
| Intangible assets | $0 |
| Other assets | $94,960 |
| Total assets | $16,259,089 |
| Accounts payable and accrued expenses | $386,033 |
| Grants payable | $0 |
| Deferred revenue | $1,532,018 |
| 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 | $262,940 |
| Other liabilities | $0 |
| Total liabilities | $2,180,991 |
| Net assets without donor restrictions | $0 |
| 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 | $14,078,098 |
| Total liabilities and net assets/fund balances | $16,259,089 |
Grants Awarded
Over the last fiscal year, Association For Corporate Growth Inc has awarded $14,395 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Silver Spring, MD PURPOSE: CAPITAL FOR CHILDREN | $10,000 |
Detroit, MI PURPOSE: GENERAL OPERATIONS | $4,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Aisc Holdings Inc Chicago, IL | $39,650,514 | $25,378,611 |
American College Of Surgeons Professional Association Chicago, IL | $12,847,056 | $21,670,888 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |