Form 990 for tax year 2023
Filed by INTERNATIONAL VISITORS CENTER OF CHICAGO.
Totals
- Total revenue
- $2,489,901
- Total expenses
- $2,737,528
- Contributions and grants received
- $2,471,441
- Grants paid
- $153,678
- Program service revenue
- $10,640
- Investment income
- $0
- Other revenue
- $7,820
- Total assets, end of year
- $1,074,183
- Total liabilities, end of year
- $225,258
- Net assets or fund balances, end of year
- $848,925
- Program services expenses (Part IX)
- $2,535,042
- Management and general expenses
- $137,081
- Fundraising expenses
- $65,405
- Program service expenses (Part III)
- $2,535,042
Program services were 92.6% 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
$6,025
-
1e · Government grants (contributions)
$2,334,171
-
1f · All other contributions, gifts and grants
$131,245
-
2a · Program service revenue: Program service fees
total $10,640 · related or exempt $10,640
-
8a · Fundraising events: gross income
$37,224
-
8a · Fundraising events: contributions included on line 1c
$6,025
-
8b · Fundraising events: direct expenses
$29,787
-
8c · Net income from fundraising events
total $7,437 · excluded $7,437
-
11a · Other revenue: Other
total $383 · related or exempt $383
-
11e · Other revenue, total
$383
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $153,678 · program services $153,678
-
5 · Compensation of officers, directors and key employees
total $174,716 · program services $152,223 · management and general $11,048 · fundraising $11,445
-
7 · Other salaries and wages
total $472,787 · program services $411,937 · management and general $29,897 · fundraising $30,953
-
8 · Pension plan contributions
total $15,163 · program services $13,209 · management and general $959 · fundraising $995
-
9 · Other employee benefits
total $74,544 · program services $64,938 · management and general $4,714 · fundraising $4,892
-
10 · Payroll taxes
total $48,454 · program services $42,210 · management and general $3,064 · fundraising $3,180
-
11c · Fees: accounting
total $65,868 · program services $52,905 · management and general $12,054 · fundraising $909
-
11g · Fees: other
total $325,982 · program services $262,273 · management and general $59,244 · fundraising $4,465
-
12 · Advertising and promotion
total $7,240 · program services $6,860 · management and general $266 · fundraising $114
-
13 · Office expenses
total $1,796 · program services $324 · management and general $6 · fundraising $1,466
-
14 · Information technology
total $23,058 · program services $18,259 · management and general $3,577 · fundraising $1,222
-
16 · Occupancy
total $54,822 · program services $47,759 · management and general $3,466 · fundraising $3,597
-
17 · Travel
total $355,120 · program services $354,743 · management and general $234 · fundraising $143
-
19 · Conferences, conventions and meetings
total $5,809 · program services $530 · management and general $5,279
-
22 · Depreciation, depletion and amortization
total $3,700 · program services $3,219 · management and general $222 · fundraising $259
-
23 · Insurance
total $6,070 · program services $5,288 · management and general $384 · fundraising $398
-
24a · Other expenses: Participant per diem
total $761,131 · program services $761,131
-
24b · Other expenses: Participant/Meeting Mea
total $91,673 · program services $89,066 · management and general $1,533 · fundraising $1,074
-
24c · Other expenses: Program materials
total $66,808 · program services $66,183 · management and general $452 · fundraising $173
-
24d · Other expenses: Miscellaneous
total $14,804 · program services $14,002 · management and general $682 · fundraising $120
-
24e · All other expenses
total $14,305 · program services $14,305
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $412,216 · end of year $491,707
-
2 · Savings and temporary cash investments
beginning of year $139,309 · end of year $136,224
-
3 · Pledges and grants receivable
beginning of year $535,467 · end of year $232,862
-
9 · Prepaid expenses and deferred charges
beginning of year $26,742 · end of year $1,370
-
10a · Land, buildings and equipment: cost or other basis
$35,879
-
10b · Land, buildings and equipment: accumulated depreciation
$28,174
-
10c · Land, buildings and equipment, net
beginning of year $11,405 · end of year $7,705
-
15 · Other assets
beginning of year $255,460 · end of year $204,315
-
17 · Accounts payable and accrued expenses
beginning of year $25,545 · end of year $64,526
-
25 · Other liabilities
beginning of year $258,502 · end of year $160,732
-
27 · Net assets without donor restrictions
beginning of year $752,179 · end of year $692,057
-
28 · Net assets with donor restrictions
beginning of year $344,373 · end of year $156,868
Mission and programs · 2023
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 $2,288,434 · Grants $153,678 · Revenue $11,023
-
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.
Expenses $3,300
-
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.
Expenses $243,308
As filed on the 2023 return.
Listed in Part VII
-
Lisa Harwood
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Rebecca Wellisch
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Sevil Kutay
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Anthony Preston
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bernard Ramos
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David Wellman
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Donna Lindquist
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
James Petitpren
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Joel Levin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Karen Brown
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Stacey Mansker-Young
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tatyana Sergeyeva
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Usha Raj
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Peggy Parfenoff
President
- Total calculated
- $104,784
- From this org
- $104,784
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jennifer Dixon
Executive Director
- Total calculated
- $69,932
- From this org
- $69,932
- From related orgs
- $0
- Other
- $0
- 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
-
$21,843
Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs
-
$20,636
Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs
-
$20,499
Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs
-
$19,559
Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs
-
$18,276
Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs
-
$18,095
Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs
-
International House of Metrolina
$17,817
Young Transatlantic Innovation Leaders Initiative, the U.S. Department of State's flagship program for emerging European entrepreneurs
-
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
- 2023
- Filed
- 17 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412929349300031
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