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← INTERNATIONAL VISITORS CENTER OF CHICAGO

Form 990 for tax year 2022

Filed by INTERNATIONAL VISITORS CENTER OF CHICAGO.

Totals

Total revenue
$2,221,379
Total expenses
$2,100,028
Contributions and grants received
$2,164,911
Grants paid
$110,863
Program service revenue
$49,064
Investment income
$989
Other revenue
$6,415
Total assets, end of year
$1,380,599
Total liabilities, end of year
$284,047
Net assets or fund balances, end of year
$1,096,552
Program services expenses (Part IX)
$1,927,641
Management and general expenses
$135,807
Fundraising expenses
$36,580
Program service expenses (Part III)
$1,927,641

Program services were 91.8% 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.

  • 1c · Fundraising events

    $12,848

  • 1e · Government grants (contributions)

    $1,992,311

  • 1f · All other contributions, gifts and grants

    $159,752

  • 2a · Program service revenue: Program service fees

    total $49,064 · related or exempt $49,064

  • 3 · Investment income

    total $989 · excluded $989

  • 8a · Fundraising events: gross income

    $36,120

  • 8a · Fundraising events: contributions included on line 1c

    $12,848

  • 8b · Fundraising events: direct expenses

    $29,713

  • 8c · Net income from fundraising events

    total $6,407 · excluded $6,407

  • 11a · Other revenue: Other

    total $8 · related or exempt $8

  • 11e · Other revenue, total

    $8

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,863 · program services $110,863

  • 5 · Compensation of officers, directors and key employees

    total $120,624 · program services $98,912 · management and general $19,300 · fundraising $2,412

  • 7 · Other salaries and wages

    total $475,086 · program services $431,471 · management and general $25,500 · fundraising $18,115

  • 8 · Pension plan contributions

    total $8,816 · program services $8,166 · management and general $280 · fundraising $370

  • 9 · Other employee benefits

    total $70,010 · program services $63,156 · management and general $4,277 · fundraising $2,577

  • 10 · Payroll taxes

    total $42,925 · program services $38,270 · management and general $3,162 · fundraising $1,493

  • 11c · Fees: accounting

    total $51,226 · management and general $51,226

  • 11g · Fees: other

    total $184,392 · program services $180,814 · management and general $1,393 · fundraising $2,185

  • 12 · Advertising and promotion

    total $6,865 · management and general $138 · fundraising $6,727

  • 13 · Office expenses

    total $78,798 · program services $60,278 · management and general $17,964 · fundraising $556

  • 16 · Occupancy

    total $50,840 · program services $45,349 · management and general $3,722 · fundraising $1,769

  • 17 · Travel

    total $281,573 · program services $279,509 · management and general $2,064

  • 19 · Conferences, conventions and meetings

    total $2,563 · program services $2,286 · management and general $188 · fundraising $89

  • 22 · Depreciation, depletion and amortization

    total $3,759 · program services $3,353 · management and general $276 · fundraising $130

  • 23 · Insurance

    total $3,555 · program services $3,171 · management and general $260 · fundraising $124

  • 24a · Other expenses: Participant per diem

    total $524,404 · program services $524,404

  • 24b · Other expenses: Participant/Meeting Mea

    total $47,888 · program services $44,035 · management and general $3,853

  • 24c · Other expenses: Cultural activity

    total $14,906 · program services $14,906

  • 24d · Other expenses: Interpretation

    total $12,073 · program services $12,073

  • 24e · All other expenses

    total $8,862 · program services $6,625 · management and general $2,204 · fundraising $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $563,700 · end of year $412,216

  • 2 · Savings and temporary cash investments

    beginning of year $271,796 · end of year $139,309

  • 3 · Pledges and grants receivable

    beginning of year $136,806 · end of year $535,467

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,012 · end of year $26,742

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

    $35,879

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

    $24,474

  • 10c · Land, buildings and equipment, net

    beginning of year $15,165 · end of year $11,405

  • 15 · Other assets

    beginning of year $8,833 · end of year $255,460

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,536 · end of year $25,545

  • 25 · Other liabilities

    beginning of year $11,575 · end of year $258,502

  • 27 · Net assets without donor restrictions

    beginning of year $855,191 · end of year $752,179

  • 28 · Net assets with donor restrictions

    beginning of year $120,010 · end of year $344,373

Mission and programs · 2022

Mission

WorldChicago serves as a center for citizen diplomacy between Chicagoans and visitors from around the world.

Activities or mission (Part I)

Serves as a center for citizen diplomacy between Chicagoans and visitors from around the world

  • The Young Transatlantic Innovation Leaders Initiative brings young entrepreneurs to the U.S. for an intensive one-month fellowship in a start-up or small to mid-sized business in one of 9 U.S. cities. This program develops leadership and the entrepreneurial mindset in these Fellows and builds transatlantic partnerships between the U.S. and Europe.

    Expenses $1,927,641 · Grants $110,863 · Revenue $49,072

  • The Youth Leadership Program fosters mutual understanding, respect, and civic engagement among young Americans and their international peers. During the exchanges, students and educators participate in workshops, community service activities, team building exercises, meetings with community leaders, leadership development, and live with American families. Upon their return home, the students apply what they have learned to implement projects that serve needs in their communities.

  • The International Visitor Leadership Program (IVLP) is the U.S. Department of State's premier professional exchange program. Through short-term visits to the United States, current and emerging foreign leaders in a variety of fields experience this country firsthand and cultivate lasting relationships with their American counterparts. Professional meetings reflect the participants' professional interests and support the foreign policy goals of the United States. The majority of WorldChicago's international delegates are participants in this program.

As filed on the 2022 return.

Listed in Part VII

  • Virginia Russell

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Louis Vitullo

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Rebecca Wellisch

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Lisa Harwood

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Karen Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cathy Adams

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • James Petitpren

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donna Lindquist

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joan L Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Mourlas

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Wilson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Linda F Cushman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brendan Gardiner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cathy Lieberman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bernard Ramos

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Peggy Parfenoff

    President

    Total calculated
    $103,498
    From this org
    $89,734
    From related orgs
    $0
    Other
    $13,764
    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.

Grants on this return

  • Global Ties Detroit

    $19,959

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

  • World Affairs Council

    $14,455

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

  • WorldDenver

    $13,275

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

  • Global Ties Alabama

    $12,840

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

  • Citizen Diplomacy International of Philadelphia

    $12,668

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

  • San Diego Diplomacy Council

    $12,618

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

  • International House of Metrolina

    $12,536

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

  • Global Ties ABQ

    $12,512

    Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs

Provenance

Return type
form_990
Tax year
2022
Filed
21 July 2023
IRS schema version
2022v5.0
Source object
202342029349300729

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