Form 990 for tax year 2023
Filed by CHICAGO CONVENTION & TOURISM BUREAU INC.
Totals
- Total revenue
- $37,326,987
- Total expenses
- $36,394,672
- Contributions and grants received
- $36,599,898
- Grants paid
- $0
- Program service revenue
- $387,994
- Investment income
- $233,168
- Other revenue
- $105,927
- Total assets, end of year
- $24,151,653
- Total liabilities, end of year
- $12,079,526
- Net assets or fund balances, end of year
- $12,072,127
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$1,981,291
-
1e · Government grants (contributions)
$3,967,000
-
1f · All other contributions, gifts and grants
$30,651,607
-
2a · Program service revenue: PUBLICATIONS
total $287,600 · related or exempt $287,600
-
2b · Program service revenue: SPONSORED PROJECTS
total $65,061 · related or exempt $65,061
-
2c · Program service revenue: BUREAU SERVICES
total $35,333 · related or exempt $35,333
-
3 · Investment income
total $233,168 · excluded $233,168
-
11a · Other revenue: OTHER MISC INCOME
total $105,927 · related or exempt $105,927
-
11e · Other revenue, total
$105,927
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $3,224,436
-
7 · Other salaries and wages
total $5,892,183
-
8 · Pension plan contributions
total $181,210
-
9 · Other employee benefits
total $822,514
-
10 · Payroll taxes
total $658,918
-
11a · Fees: management
total $1,709,942
-
11b · Fees: legal
total $237,135
-
11c · Fees: accounting
total $32,309
-
12 · Advertising and promotion
total $10,375,268
-
13 · Office expenses
total $1,176,010
-
14 · Information technology
total $428,698
-
16 · Occupancy
total $247,504
-
17 · Travel
total $701,980
-
20 · Interest
total $18,704
-
22 · Depreciation, depletion and amortization
total $75,591
-
23 · Insurance
total $100,351
-
24a · Other expenses: SPONSORSHIP EVENTS
total $5,538,223
-
24b · Other expenses: SPONSORSHIPS
total $1,315,968
-
24c · Other expenses: BUSINESS DEVELOPMENT
total $1,008,714
-
24d · Other expenses: PURCHASED RESEARCH
total $349,256
-
24e · All other expenses
total $2,299,758
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,230,133 · end of year $1,236,677
-
2 · Savings and temporary cash investments
beginning of year $1,020,574 · end of year $12,953,742
-
4 · Accounts receivable
beginning of year $11,622,943 · end of year $8,908,975
-
9 · Prepaid expenses and deferred charges
beginning of year $770,966 · end of year $840,459
-
10a · Land, buildings and equipment: cost or other basis
$2,648,983
-
10b · Land, buildings and equipment: accumulated depreciation
$2,539,405
-
10c · Land, buildings and equipment, net
beginning of year $79,679 · end of year $109,578
-
11 · Investments: publicly traded securities
beginning of year $41,672 · end of year $70,457
-
15 · Other assets
beginning of year $62,029 · end of year $31,765
-
17 · Accounts payable and accrued expenses
beginning of year $3,172,728 · end of year $3,154,043
-
19 · Deferred revenue
beginning of year $1,625,588 · end of year $7,433,924
-
25 · Other liabilities
beginning of year $1,889,868 · end of year $1,491,559
-
27 · Net assets without donor restrictions
beginning of year $11,016,612 · end of year $4,096,158
-
28 · Net assets with donor restrictions
beginning of year $123,200 · end of year $7,975,969
Mission and programs · 2023
Mission
THE CHICAGO CONVENTION AND TOURISM BUREAU IS THE PREMIER SALES AND MARKETING ORGANIZATION THAT PROMOTES CHICAGO'S WORLD-CLASS ASSETS TO GLOBAL LEISURE TRAVEL AND CONVENTION BUSINESS TO ENSURE THE ECONOMIC VITALITY OF THE CITY AND ITS MEMBER BUSINESS COMMUNITY.
Activities or mission (Part I)
PROMOTE CHICAGO TO THE DOMESTIC, NATIONAL, AND INTERNATIONAL LEISURE AND BUSINESS TRAVELER.
-
52 MILLION DOMESTIC AND INTERNATIONAL TRAVELERS VISITED CHICAGO IN 2023. THIS WAS AN INCREASE OF 7% OVER 2022 LEVELS AND THREE TIMES LARGER THAN THE PANDEMIC LOW OF 16.5 MILLION.TOURISM SPENDING ESTIMATED AT $19.5 BILLION IN 2023, GENERATED $2.6 BILLION IN STATE AND LOCAL TAXES AND SUPPORTED AN ESTIMATED 129,000 TOURISM RELATED JOBS.OVERNIGHT VISITORS TO CHICAGO GENERATED OVER $140 MILLION IN CHICAGO HOTEL TAX REVENUE.
As filed on the 2023 return.
Listed in Part VII
-
Doreen BurseDOREEN BURSE
DIRECTOR THRU JUNE 30 ,2024
- Total calculated
- $0
- Hours/week
- 0
-
Jason ErivnJASON ERIVN
DIRECTOR THRU JUNE 30 ,2024
- Total calculated
- $0
- Hours/week
- 0
-
Kenneth MeyerKENNETH MEYER
DIRECTOR THRU JUNE 30 ,2024
- Total calculated
- $0
- Hours/week
- 0
-
Patrick KellyPATRICK KELLY
DIRECTOR THRU JUNE 30 ,2024
- Total calculated
- $0
- Hours/week
- 0
-
Rich AshlinRICH ASHLIN
DIRECTOR THRU JUNE 30 ,2024
- Total calculated
- $0
- Hours/week
- 0
-
Jeff BethkeJEFF BETHKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jay BlunkJAY BLUNK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Walter Jr BurnettWALTER JR BURNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Larita ClarkLARITA CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Catherine De OrioCATHERINE DE ORIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lisa DuarteLISA DUARTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Glenn EdenGLENN EDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael FassnachtMICHAEL FASSNACHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Don FinnDON FINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Richard GambleRICHARD GAMBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sylvia GarciaSYLVIA GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Marilynn GardnerMARILYNN GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Billy GlunzBILLY GLUNZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Nina GrondinNINA GRONDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Erin HarkeyERIN HARKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Patrick HattonPATRICK HATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Chevy HumphreyCHEVY HUMPHREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ayesha JacoAYESHA JACO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dave JacobsDAVE JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael JacobsonMICHAEL JACOBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Arthur JohnstonARTHUR JOHNSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Barbara LakenBARBARA LAKEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Rich LevinRICH LEVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Liz Lombardo StarkLIZ LOMBARDO STARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jerry MickelsonJERRY MICKELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Gary PerinarGARY PERINAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Maria Razumich-ZecMARIA RAZUMICH-ZEC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert ReiterROBERT REITER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jamie RheeJAMIE RHEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Eve Rodriguez MontoyaEVE RODRIGUEZ MONTOYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James RondeauJAMES RONDEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Meg SahsMEG SAHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Myrna SalazarMYRNA SALAZAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Juan SalgadoJUAN SALGADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Manny SanchezMANNY SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Rebecca ShiREBECCA SHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Alexandra SimsALEXANDRA SIMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael StrautmanisMICHAEL STRAUTMANIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Christie Tarantino-DeanCHRISTIE TARANTINO-DEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cherryl ThomasCHERRYL THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sam ToiaSAM TOIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
John WellsJOHN WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Nykia WrightNYKIA WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Betsy ZieglerBETSY ZIEGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lynn OsmondLYNN OSMOND
PRESIDENT AND CEO
- Total calculated
- $580,019
- From this org
- $536,165
- From related orgs
- $0
- Other
- $43,854
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $438,284
- Bonus
- $63,067
- Other
- $34,814
- Deferred
- $9,900
- Nontaxable benefits
- $33,954
- Filer's total
- $580,019
-
Meyer W JamesMEYER W JAMES
CFO
- Total calculated
- $276,498
- From this org
- $250,894
- From related orgs
- $0
- Other
- $25,604
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $250,894
- Bonus
- $0
- Other
- $0
- Deferred
- $7,526
- Nontaxable benefits
- $18,078
- Filer's total
- $276,498
-
Dustin ArnheimDUSTIN ARNHEIM
SVP SALES AND SERVICES
- Total calculated
- $366,922
- From this org
- $324,900
- From related orgs
- $0
- Other
- $42,022
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $289,275
- Bonus
- $35,625
- Other
- $0
- Deferred
- $9,544
- Nontaxable benefits
- $32,478
- Filer's total
- $366,922
-
Dawn YoungDAWN YOUNG
VP SALES THRU JUNE 16, 2023
- Total calculated
- $249,743
- From this org
- $249,743
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,577
- Bonus
- $0
- Other
- $100,166
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $249,743
-
Kara BachmanKARA BACHMAN
EXEC DIRECTOR CHICAGO SPORTS COMMISSION
- Total calculated
- $241,270
- From this org
- $228,434
- From related orgs
- $0
- Other
- $12,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,219
- Bonus
- $20,215
- Other
- $0
- Deferred
- $6,853
- Nontaxable benefits
- $5,983
- Filer's total
- $241,270
-
Rose HorcherROSE HORCHER
VP CLIENT SERVICES
- Total calculated
- $239,464
- From this org
- $229,473
- From related orgs
- $0
- Other
- $9,991
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,303
- Bonus
- $29,170
- Other
- $0
- Deferred
- $4,008
- Nontaxable benefits
- $5,983
- Filer's total
- $239,464
-
Michelle RevueltaMICHELLE REVUELTA
VP MEDIA RELATIONS
- Total calculated
- $259,726
- From this org
- $246,340
- From related orgs
- $0
- Other
- $13,386
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,540
- Bonus
- $21,800
- Other
- $0
- Deferred
- $7,390
- Nontaxable benefits
- $5,996
- Filer's total
- $259,726
-
Eric KincaidERIC KINCAID
VP SALES
- Total calculated
- $267,180
- From this org
- $256,431
- From related orgs
- $0
- Other
- $10,749
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $197,500
- Bonus
- $58,931
- Other
- $0
- Deferred
- $3,773
- Nontaxable benefits
- $6,976
- Filer's total
- $267,180
-
Cahal MoweryCAHAL MOWERY
VP SALES FROM JANUARY 2023
- Total calculated
- $243,625
- From this org
- $223,837
- From related orgs
- $0
- Other
- $19,788
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,999
- Bonus
- $13,838
- Other
- $0
- Deferred
- $3,896
- Nontaxable benefits
- $15,892
- Filer's total
- $243,625
-
Lori AdelsickLORI ADELSICK
VP SPECIAL EVENTS
- Total calculated
- $222,636
- From this org
- $198,600
- From related orgs
- $0
- Other
- $24,036
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,836
- Bonus
- $23,764
- Other
- $0
- Deferred
- $5,958
- Nontaxable benefits
- $18,078
- Filer's total
- $222,636
-
Robert FojtikROBERT FOJTIK
VP NEIGHBORHOOD STRATEGIES
- Total calculated
- $205,119
- From this org
- $190,000
- From related orgs
- $0
- Other
- $15,119
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,000
- Bonus
- $0
- Other
- $0
- Deferred
- $5,700
- Nontaxable benefits
- $9,419
- Filer's total
- $205,119
-
Tamera JonesTAMERA JONES
SENIOR DIRECTOR CONVENTION SALES
- Total calculated
- $243,579
- From this org
- $230,663
- From related orgs
- $0
- Other
- $12,916
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,510
- Bonus
- $65,153
- Other
- $0
- Deferred
- $6,920
- Nontaxable benefits
- $5,996
- Filer's total
- $243,579
-
Naomi HattoriNAOMI HATTORI
VP GLOBAL DEVELOPMENT
- Total calculated
- $217,931
- From this org
- $195,700
- From related orgs
- $0
- Other
- $22,231
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,700
- Bonus
- $0
- Other
- $0
- Deferred
- $4,645
- Nontaxable benefits
- $17,586
- Filer's total
- $217,931
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 · Written employment contract
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4A
- DAWN YOUNG TOTAL COMP = $249,743. SEVERANCE TOTALED $100,166 (THIS IS INCLUDED IN THE TOTAL COMP AMOUNT)
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.
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.
-
501(C) · SEE PART VII · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433179349304803
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