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Nonprofiteer
← EXECUTIVES CLUB OF CHICAGO

Form 990 for tax year 2024

Filed by EXECUTIVES CLUB OF CHICAGO.

Totals

Total revenue
$4,387,797
Total expenses
$4,318,855
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,318,066
Investment income
$69,731
Other revenue
$0
Total assets, end of year
$3,806,728
Total liabilities, end of year
$2,115,703
Net assets or fund balances, end of year
$1,691,025
Program services expenses (Part IX)
$3,765,095
Management and general expenses
$553,760
Fundraising expenses
$0
Program service expenses (Part III)
$3,765,095

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SPONSORSHIP

    total $2,008,998 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $910,578 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: PROGRAM ATTENDANCE

    total $407,691 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: BARTER INCOME

    total $340,051 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: LEADERSHIP DEVELOPMENT

    total $650,748 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $70,762 · unrelated business $0 · excluded $70,762

  • 7a · Gross sales of assets other than inventory

    securities $2,029,568

  • 7b · Less cost or other basis and sales expenses

    securities $2,030,599

  • 7c · Gain or loss

    securities -$1,031

  • 7d · Net gain or loss

    total -$1,031 · related or exempt $0 · unrelated business $0 · excluded -$1,031

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,301,821 · program services $1,098,940 · management and general $202,881 · fundraising $0

  • 7 · Other salaries and wages

    total $754,770 · program services $637,143 · management and general $117,627 · fundraising $0

  • 8 · Pension plan contributions

    total $24,287 · program services $20,502 · management and general $3,785 · fundraising $0

  • 9 · Other employee benefits

    total $83,081 · program services $70,133 · management and general $12,948 · fundraising $0

  • 10 · Payroll taxes

    total $127,267 · program services $107,433 · management and general $19,834 · fundraising $0

  • 11a · Fees: management

    total $75,559 · program services $63,784 · management and general $11,775 · fundraising $0

  • 11c · Fees: accounting

    total $16,186 · program services $14,111 · management and general $2,075 · fundraising $0

  • 11g · Fees: other

    total $363,456 · program services $309,097 · management and general $54,359 · fundraising $0

  • 12 · Advertising and promotion

    total $57,551 · program services $45,616 · management and general $11,935 · fundraising $0

  • 13 · Office expenses

    total $47,267 · program services $40,943 · management and general $6,324 · fundraising $0

  • 14 · Information technology

    total $139,378 · program services $117,661 · management and general $21,717 · fundraising $0

  • 16 · Occupancy

    total $108,073 · program services $91,230 · management and general $16,843 · fundraising $0

  • 17 · Travel

    total $57,124 · program services $48,276 · management and general $8,848 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $75,159 · program services $63,446 · management and general $11,713 · fundraising $0

  • 23 · Insurance

    total $11,122 · program services $9,389 · management and general $1,733 · fundraising $0

  • 24a · Other expenses: BANQUET CHARGES

    total $578,712 · program services $578,712 · management and general $0 · fundraising $0

  • 24b · Other expenses: DUES & SUBSCRIPTION

    total $28,239 · program services $23,838 · management and general $4,401 · fundraising $0

  • 24c · Other expenses: BARTER EXPENSES

    total $350,664 · program services $305,702 · management and general $44,962 · fundraising $0

  • 24d · Other expenses: AUDIO VISUAL

    total $119,139 · program services $119,139 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $597,363 · end of year $695,713

  • 2 · Savings and temporary cash investments

    beginning of year $254,405 · end of year $257,273

  • 4 · Accounts receivable

    beginning of year $120,349 · end of year $200,991

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,124 · end of year $81,066

  • 10a · Land, buildings and equipment: cost or other basis

    $457,203

  • 10b · Land, buildings and equipment: accumulated depreciation

    $328,610

  • 10c · Land, buildings and equipment, net

    beginning of year $148,730 · end of year $128,593

  • 11 · Investments: publicly traded securities

    beginning of year $1,685,770 · end of year $2,001,770

  • 15 · Other assets

    beginning of year $152,781 · end of year $441,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $484,391 · end of year $409,882

  • 19 · Deferred revenue

    beginning of year $802,899 · end of year $1,232,446

  • 25 · Other liabilities

    beginning of year $153,976 · end of year $473,375

  • 27 · Net assets without donor restrictions

    beginning of year $1,618,256 · end of year $1,691,025

Mission and programs · 2024

Mission

TO BE CHICAGOS PREMIER RESOURCES FOR CONNECTING, DEVELOPING, AND GROWING BEST-IN-CLASS LEADERS TO PROVIDE ESTABLISHED AND EMERGING LEADERS OPPORTUNITIES TO DEVELOP AND NURTURE MEANINGFUL RELATIONSHIPS, PARTICIPATE IN INNOVATIVE PROGRAMMING, AND GAIN WORLD-CLASS KNOWLEDGE THAT WILL EXPAND PERSPECTIVES AND SHARPEN CAPABILITIES.

  • PROGRAM SPONSORSHIP: PROGRAM SPONSORSHIP DELIVERS AN EXTENSIVE PORTFOLIO OF EVENTS EACH SEASON, WHICH PRESENT INFLUENTIAL GLOBAL LEADERS, CURRENT BUSINESS AND ECONOMIC TRENDS AND BEST PRACTICES THAT RESPOND TO THE INTERESTS OF THE BUSINESS COMMUNITY.

    Expenses $2,189,066 · Revenue $2,008,998

  • LEADERSHIP DEVELOPMENT: THE LEADERSHIP DEVELOPMENT PROGRAMMING AT THE CLUB PROVIDES EXECUTIVES WITH OPPORTUNITIES TO GROW PERSONALLY AND PROFESSIONALLY.

    Expenses $979,937 · Revenue $650,748

  • MEMBERSHIP: THE CLUBS MEMBERSHIP ACTIVITIES AIM TO PROVIDE SUPPORT, HELP RECRUIT, AND RETAIN MEMBERS THROUGH EDUCATING THEM ON MEMBER BENEFITS AND MEMBER VALUE BY VIRTUE OF BEING A MEMBER OF THE CLUB.

    Expenses $596,092 · Revenue $910,578

  • Others Programs

    Revenue $747,742

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christine Schyvinck

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Scott Swanson

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Laura Thonn

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • David Hanfland

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Teresa Wilton Harmon

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Marsha Cruzan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Edelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Ettelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Kunst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Maggiore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Deryl McKissack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Zallie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph Nelligan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Aamir Paul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stefano Pessina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Ricketts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Shanley MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Julie Smolyansky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Marrion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Brennan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Natalie Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tirthankar Chatterjee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wendell Dallas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Travis Hunter Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Timothy Lyne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lior Ron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristof Terryn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Gupta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shawn Beber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrej Bolkovic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Howard Chrisman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jean-Pierre Comte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Heckler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lynn Jekkals

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Kutliroff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nadia Rawlinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lynne Sterrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melissa Tendick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Biodrowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rodger Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kate Jeffers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Malliband

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Renner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Connie Lindsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tonise Paul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Larry Richman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Fassnacht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Darrel Hackett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Martin Nesbitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Imran Qureshi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dorri McWhorter

    PRESIDENT/CEO

    Total calculated
    $1,903
    From this org
    $0
    From related orgs
    $0
    Other
    $1,903
    Hours/week
    40
  • Margaret M Mueller

    PRESIDENT/CEO

    Total calculated
    $578,466
    From this org
    $550,121
    From related orgs
    $0
    Other
    $28,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $550,121
    Bonus
    $0
    Other
    $0
    Deferred
    $10,408
    Nontaxable benefits
    $17,937
    Filer's total
    $578,466
  • Eva Marie Penar

    CHIEF CONTENT & COMMUNICATIONS OFFICER

    Total calculated
    $188,901
    From this org
    $173,612
    From related orgs
    $0
    Other
    $15,289
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,612
    Bonus
    $0
    Other
    $0
    Deferred
    $5,777
    Nontaxable benefits
    $9,512
    Filer's total
    $188,901
  • Laura Anne Wasserman

    CHIEF ADMINISTRATION OFFICER

    Total calculated
    $142,276
    From this org
    $128,360
    From related orgs
    $0
    Other
    $13,916
    Hours/week
    40
  • Laura S Sailer

    CHIEF FINANCIAL OFFICER

    Total calculated
    $135,200
    From this org
    $123,909
    From related orgs
    $0
    Other
    $11,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,909
    Bonus
    $0
    Other
    $0
    Deferred
    $3,100
    Nontaxable benefits
    $8,191
    Filer's total
    $135,200
  • Jimena Catarivas Corbett

    SENIOR DIRECTOR OF LEADERSHIP DEVELOPMENT

    Total calculated
    $137,936
    From this org
    $108,989
    From related orgs
    $0
    Other
    $28,947
    Hours/week
    40
  • Ella Marie McCann

    SENIOR DIRECTOR OF PARTNERSHIP

    Total calculated
    $117,139
    From this org
    $103,511
    From related orgs
    $0
    Other
    $13,628
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202523159349306372

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