Form 990 for tax year 2022
Filed by LEADERSHIP GREATER CHICAGO INC.
Totals
- Total revenue
- $2,380,653
- Total expenses
- $2,368,669
- Contributions and grants received
- $398,626
- Grants paid
- $0
- Program service revenue
- $1,475,500
- Investment income
- $85,998
- Other revenue
- $420,529
- Total assets, end of year
- $4,183,225
- Total liabilities, end of year
- $344,896
- Net assets or fund balances, end of year
- $3,838,329
- Program services expenses (Part IX)
- $1,375,057
- Management and general expenses
- $722,134
- Fundraising expenses
- $271,478
- Program service expenses (Part III)
- $1,375,057
Program services were 58.1% 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
$92,552
-
1e · Government grants (contributions)
$124,336
-
1f · All other contributions, gifts and grants
$181,738
-
2a · Program service revenue: SIGNATURE FELLOWS PROGRAM
total $860,500 · related or exempt $860,500
-
2b · Program service revenue: BURNHAM FELLOWSHIP
total $615,000 · related or exempt $615,000
-
3 · Investment income
total $95,673 · excluded $95,673
-
7a · Gross sales of assets other than inventory
securities $1,718,879
-
7b · Less cost or other basis and sales expenses
securities $1,728,554
-
7c · Gain or loss
securities -$9,675
-
7d · Net gain or loss
total -$9,675 · excluded -$9,675
-
8a · Fundraising events: gross income
$665,715
-
8a · Fundraising events: contributions included on line 1c
$92,552
-
8b · Fundraising events: direct expenses
$247,935
-
8c · Net income from fundraising events
total $417,780 · excluded $417,780
-
11a · Other revenue: OTHER INCOME
total $2,749 · excluded $2,749
-
11e · Other revenue, total
$2,749
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $944,282 · program services $441,242 · management and general $362,354 · fundraising $140,686
-
7 · Other salaries and wages
total $314,036 · program services $225,657 · management and general $19,291 · fundraising $69,088
-
8 · Pension plan contributions
total $13,065 · program services $9,014 · management and general $1,177 · fundraising $2,874
-
9 · Other employee benefits
total $71,893 · program services $49,607 · management and general $6,470 · fundraising $15,816
-
10 · Payroll taxes
total $60,172 · program services $41,519 · management and general $5,415 · fundraising $13,238
-
11b · Fees: legal
total $20,884 · management and general $20,884
-
11c · Fees: accounting
total $108,543 · management and general $108,543
-
11f · Fees: investment management
total $15,056 · management and general $15,056
-
11g · Fees: other
total $157,049 · program services $26,100 · management and general $121,649 · fundraising $9,300
-
12 · Advertising and promotion
total $13,266 · program services $10,613 · fundraising $2,653
-
13 · Office expenses
total $53,280 · program services $24,931 · management and general $16,465 · fundraising $11,884
-
14 · Information technology
total $26,511 · management and general $26,511
-
16 · Occupancy
total $5,683 · program services $3,410 · management and general $852 · fundraising $1,421
-
17 · Travel
total $4,068 · program services $2,522 · management and general $610 · fundraising $936
-
19 · Conferences, conventions and meetings
total $550,236 · program services $536,259 · management and general $11,904 · fundraising $2,073
-
22 · Depreciation, depletion and amortization
total $3,787 · management and general $3,787
-
23 · Insurance
total $6,858 · program services $4,183 · management and general $1,166 · fundraising $1,509
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $172,562 · end of year $175,801
-
2 · Savings and temporary cash investments
beginning of year $906,644 · end of year $1,733
-
4 · Accounts receivable
beginning of year $270,000 · end of year $180,000
-
9 · Prepaid expenses and deferred charges
end of year $5,223
-
10a · Land, buildings and equipment: cost or other basis
$101,760
-
10b · Land, buildings and equipment: accumulated depreciation
$96,786
-
10c · Land, buildings and equipment, net
beginning of year $8,761 · end of year $4,974
-
11 · Investments: publicly traded securities
beginning of year $2,361,222 · end of year $3,815,494
-
15 · Other assets
beginning of year $1,228
-
17 · Accounts payable and accrued expenses
beginning of year $172,490 · end of year $324,896
-
19 · Deferred revenue
end of year $20,000
-
27 · Net assets without donor restrictions
beginning of year $2,811,767 · end of year $3,055,066
-
28 · Net assets with donor restrictions
beginning of year $736,160 · end of year $783,263
Mission and programs · 2022
Mission
TO ENHANCE THE QUALITY OF THE CHICAGO METROPOLITAN AREA'S FUTURE LEADERS IN WHOM THE COMMUNITY WILL VEST RESPONSIBILITY FOR ITS WELL BEING.
-
THE YEAR-LONG SIGNATURE FELLOWS PROGRAM IS A CIVIC LEADERSHIP DEVELOPMENT PROGRAM IMMERSING PARTICIPANTS WHO REPRESENT ALL SECTORS AND HAVE BEEN NOMINATED AND SPONSORED BY THEIR EMPLOYER IN THE MAJOR SOCIOECONOMIC ISSUES FACING THE CITY OF CHICAGO AND THE GREATER CHICAGO REGION THROUGH RETREATS, FULL-DAY SEMINARS, SITE VISITS, DISCUSSION GROUPS, CONVERSATIONS WITH LEADERS AND EXPERTS, SERVICE PROJECTS, AND CULTURAL EVENTS, FELLOWS SEEK TO BETTER UNDERSTAND HOW DECISIONS ARE MADE, HOW COMPLEX POLICIES ARE SHAPED, AND HOW TO INFLUENCE MEANINGFUL CHANGE. THE DANIEL BURNHAM FELLOWSHIP WAS LAUNCHED IN FEBRUARY 2019. THIS EXCLUSIVE PROGRAM IS AN ACCELERATED CIVIC ONBOARDING EXPERIENCE FOR SENIOR EXECUTIVES, DESIGNED TO INSPIRE THESE LEADERS TO MOBILIZE AND EXERT THEIR COMBINED INFLUENCE AND INTELLECT TO POSITIVELY IMPACT CHICAGO, ITS FUTURE, AND THE CONTINUED ECONOMIC PROGRESS OF THE REGION. THE FELLOWSHIP IS FOR C-SUITE OR SENIOR LEVEL EXECUTIVES WHO ARE NEW TO THEIR ROLE OR NEW TO CHICAGO, AND WHO WANT TO INTEGRATE INTO THE CIVIC FABRIC OF THE CITY BY UNDERSTANDING ITS HISTORY AND FUTURE TRAJECTORY, BUILDING RELATIONSHIPS AND NETWORKS ACROSS THE GREATER CHICAGO REGION, AND GAINING A DEEPER UNDERSTANDING OF THE CITY, ITS NETWORKS, AND THE BUSINESS COMMUNITY.
Expenses $933,112 · Revenue $1,475,500
-
THE LEADERSHIP FELLOWS ASSOCIATION (LFA) CONSISTS OF REPRESENTATIVES FROM EVERY LEADERSHIP GREATER CHICAGO FELLOWS CLASS (1985 TO PRESENT) - THAT IS CHARGED WITH FOSTERING THE ENGAGEMENT OF FELLOWS AFTER THEIR PROGRAM YEAR. THIS ENGAGEMENT IS ACCOMPLISHED THROUGH EDUCATION, SOCIAL, AND PHILANTHROPIC ACTIVITIES SHAPED BY THE CONVENE, CONNECT AND MOBILIZE COMMITTEES OF THE ORGANIZATION AND SUPPORTED BY THE PROFESSIONAL STAFF AT THE ORGANIZATION.
Expenses $441,945
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michelle Stohlmeyer RussellMICHELLE STOHLMEYER RUSSELL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
David TroppDAVID TROPP
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mike AndolinaMIKE ANDOLINA
DEVELOPMENT COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen CarrollKATHLEEN CARROLL
RECRUITMENT COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Denise PooleDENISE POOLE
SELECTION COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Larry SerotaLARRY SEROTA
DEVELOPMENT COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rodrigo SierraRODRIGO SIERRA
SELECTION COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael SmallMICHAEL SMALL
NOMINATING & GOVERNANCE COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick WhitesidePATRICK WHITESIDE
DEVELOPMENT COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Teresa HarmonTERESA HARMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Connie LindseyCONNIE LINDSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joshua MilbergJOSHUA MILBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy MoelisCINDY MOELIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracie MorrisTRACIE MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Seema PajulaSEEMA PAJULA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew PrimackMATTHEW PRIMACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lois ScottLOIS SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lucino SoteloLUCINO SOTELO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andres TapiaANDRES TAPIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cedric ThurmanCEDRIC THURMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Manika TurnbullMANIKA TURNBULL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David VitaleDAVID VITALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa WashingtonMELISSA WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leif ElsmoLEIF ELSMO
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Maria WynneMARIA WYNNE
CHIEF EXECUTIVE OFFICER - PAST
- Total calculated
- $381,241
- From this org
- $344,375
- From related orgs
- $0
- Other
- $36,866
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $306,875
- Bonus
- $37,500
- Other
- $0
- Deferred
- $21,500
- Nontaxable benefits
- $15,366
- Filer's total
- $381,241
-
Ann CarstensenANN CARSTENSEN
CHIEF OPERATING OFFICER
- Total calculated
- $200,420
- From this org
- $182,557
- From related orgs
- $0
- Other
- $17,863
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,725
- Bonus
- $6,832
- Other
- $0
- Deferred
- $7,303
- Nontaxable benefits
- $10,560
- Filer's total
- $200,420
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
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
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349309017
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.