Totals
- Total revenue
- $7,748
- Total expenses
- $141,552
- Contributions and grants received
- $0
- Grants paid
- $65,378
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $7,748
- Total assets, end of year
- $625,943
- Total liabilities, end of year
- $35
- Net assets or fund balances, end of year
- $625,908
- Program services expenses (Part IX)
- $65,378
- Management and general expenses
- $76,174
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $65,378
Program services were 46.2% 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.
-
11a · Other revenue: ANNUAL MEETING FEE
total $7,748 · related or exempt $7,748
-
11e · Other revenue, total
$7,748
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $65,378 · program services $65,378
-
11b · Fees: legal
total $26,250 · management and general $26,250
-
13 · Office expenses
total $1,224 · management and general $1,224
-
19 · Conferences, conventions and meetings
total $2,379 · management and general $2,379
-
23 · Insurance
total $2,200 · management and general $2,200
-
24a · Other expenses: SPONSORSHIP
total $43,000 · management and general $43,000
-
24b · Other expenses: SUNDRY
total $601 · management and general $601
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $520 · management and general $520
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $576,785 · end of year $333,066
-
2 · Savings and temporary cash investments
beginning of year $282,996 · end of year $290,604
-
9 · Prepaid expenses and deferred charges
end of year $2,273
-
17 · Accounts payable and accrued expenses
beginning of year $100,035 · end of year $35
-
27 · Net assets without donor restrictions
beginning of year $759,746 · end of year $625,908
Mission and programs · 2022
Mission
THE CHOOSE CHICAGO FOUNDATION ACCELERATES THE CIVIC, CULTURAL, AND ECONOMIC GROWTH OF CHICAGO THROUGH TRAVEL AND TOURISM INITIATIVES.
-
CHOOSE CHICAGO FOUNDATION SHOWCASES THE CITY OF CHICAGO AS A PREMIERE DESTINATION FOR DOMESTIC AND INTERNATIONAL VISITORS AND PROVIDES EXPOSURE TO THE CITY'S CULTURAL EVENTS AND THE PERFORMING, VISUAL, AND PUBLIC ARTS. THESE ACTIVITIES ARE INTENDED TO PROVIDE COMMUNITY IMPROVEMENT THROUGH THE ECONOMIC VITALITY OF CITY CULTURAL EVENTS.
Expenses $65,378 · Grants $65,378
As filed on the 2022 return.
Listed in Part VII
-
Lynn OsmondLYNN OSMOND
CEO
- Total calculated
- $340,111
- From this org
- $0
- From related orgs
- $317,449
- Other
- $22,662
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $317,449 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $13,360 related
- Nontaxable benefits
- $0 + $9,302 related
- Filer's total
- $0 + $340,111 related
-
W James MeyerW JAMES MEYER
CFO
- Total calculated
- $312,505
- From this org
- $0
- From related orgs
- $295,797
- Other
- $16,708
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $295,797 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $16,708 related
- Filer's total
- $0 + $312,505 related
-
Rosilynn StuttlyROSILYNN STUTTLY
DIRECTOR
- Total calculated
- $120,173
- From this org
- $0
- From related orgs
- $110,335
- Other
- $9,838
- Hours/week
- 15 + 25 related
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE CEO'S COMPENSATION, PAID BY THE CHICAGO CONVENTION AND TOURISM BUREAU, IS DETERMINED AS A PART OF HIS WRITTEN EMPLOYMENT AGREEMENT WHICH WAS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE PRIOR TO EXECUTION.
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
-
SOUTH SHORE CHAMBER OF COMMERCE
$48,000
COMMUNITY BEAUTUFICATION EFFORTS
-
$12,000
COMMUNITY BEAUTUFICATION EFFORTS
-
$11,000
COMMUNITY BEAUTUFICATION EFFORTS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CHICAGO CONVENTION AND TOURISM BUREAU
501(C)(6) · SEE PART VII · IL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323149349305552
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