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Nonprofiteer
← CHICAGO LOOP ALLIANCE FOUNDATION

Form 990 for tax year 2022

Filed by CHICAGO LOOP ALLIANCE FOUNDATION.

Totals

Total revenue
$788,484
Total expenses
$737,620
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$669,038
Investment income
$0
Other revenue
$119,446
Total assets, end of year
$520,565
Total liabilities, end of year
$159,379
Net assets or fund balances, end of year
$361,186
Program services expenses (Part IX)
$579,132
Management and general expenses
$158,488
Fundraising expenses
$0
Program service expenses (Part III)
$579,132

Program services were 78.5% 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: Program - Other

    total $592,588 · related or exempt $592,588

  • 2b · Program service revenue: Program - Annual meeti

    total $76,450 · related or exempt $76,450

  • 8a · Fundraising events: gross income

    $215,225

  • 8b · Fundraising events: direct expenses

    $95,779

  • 8c · Net income from fundraising events

    total $119,446 · excluded $119,446

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $65,214 · management and general $65,214

  • 11g · Fees: other

    total $17,647 · management and general $17,647

  • 13 · Office expenses

    total $26,240 · management and general $26,240

  • 16 · Occupancy

    total $7,261 · management and general $7,261

  • 22 · Depreciation, depletion and amortization

    total $9,233 · management and general $9,233

  • 23 · Insurance

    total $11,866 · management and general $11,866

  • 24a · Other expenses: Programs

    total $579,132 · program services $579,132

  • 24b · Other expenses: Finance charges

    total $8,543 · management and general $8,543

  • 24c · Other expenses: Meals and entertainment

    total $7,044 · management and general $7,044

  • 24d · Other expenses: Bad Debt

    total $3,245 · management and general $3,245

  • 24e · All other expenses

    total $2,195 · management and general $2,195

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $319,568 · end of year $141,410

  • 4 · Accounts receivable

    beginning of year $34,975 · end of year $355,141

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

    $64,627

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

    $40,613

  • 10c · Land, buildings and equipment, net

    beginning of year $33,247 · end of year $24,014

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,468 · end of year $159,379

  • 25 · Other liabilities

    beginning of year $35,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $310,322 · end of year $361,186

Mission and programs · 2022

Mission

The mission of the Chicago Loop Alliance Foundation (CLAF). a 501 (c)(3) corporation, is to develop, support and promote artistic, cultural, and public events that benefit businesses, individuals and stakeholders within in the service area of Chicago Loop Alliance (CLA). CLAF is affiliated with Chicago Loop Alliance, which is a 501 (c)(6) organization whose mission is to strengthen the Loop competitive position as a mixed-use destination and to promote economic development and tourism in the Loop. CLA members consist of over 200 businesses and organizations located within the Loop and Chicago

Activities or mission (Part I)

The mission of the Chicago Loop Alliance Foundation (CLAF). a 501 (c)(3) corporation, is to develop, support and promote artistic, cultural, and public events that benefit businesses, individuals and stakeholders within in the service area of Chicago Loop Alliance (CLA). CLAF is affiliated with Chicago Loop Alliance, which is a 501 (c)(6) organization whose mission is to strengthen the Loop?s competitive position as a mixed-use destination and to promote economic development and tourism in the Loop. CLA members consist of over 200 businesses and organizations located within the Loop and Chicago

  • The mission of the Chicago Loop Alliance Foundation (CLAF). a 501 (c)(3) corporation, is to develop, support and promote artistic, cultural, and public events that benefit businesses, individuals and stakeholders within in the service area of Chicago Loop Alliance (CLA)

    Expenses $579,132 · Revenue $669,038

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Turner

    Immediate Past Chairman

    Total calculated
    $0
    Hours/week
    5

  • Ben Creamer

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Broz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Burfeind

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cal Audrain

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • Louis D D'Angelo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Norman Elkin

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • Hassan el Neklway

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judie Moore Green

    Director

    Total calculated
    $0
    Hours/week
    1

  • G Brent Minor

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • Stanley Nitzberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lori Healey

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • John G Wells

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ralph Hughes

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • Melvin L Katten

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • Eileen LaCario

    Director

    Total calculated
    $0
    Hours/week
    1

  • Angel Perez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • George Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Janette Outlaw

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul J Rades

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Rylowicz

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Vance

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ronald Arnold

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • Charles R Nash

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kat Frerichs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Gardner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kirsten Ekdahl-Hull

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter Tortorello

    Director

    Total calculated
    $0
    Hours/week
    1

  • Herman Berghoff

    Honorary Board

    Total calculated
    $0
    Hours/week
    1

  • Tom Buechele

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Curran

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julie Emms

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nora Gainer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kearby Kaiser

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Mackel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cole Mansfield

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tamar Mizrahi

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Patrick

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bradley Renner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Burim Saliu

    Director

    Total calculated
    $0
    Hours/week
    1

  • YaFawn Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Collins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Morgan Eagles

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tess Green

    Director

    Total calculated
    $0
    Hours/week
    1

  • LaShaun Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Issac Riggs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sandi Robinson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hutt Rubio

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Sarosy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leon Walker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jean de St Aubin

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Rich Gamble

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Laura Graves

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Simone Randolph

    Secretary

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349323867

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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