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Nonprofiteer
← COMMERCIAL CLUB OF CHICAGO

Form 990 for tax year 2022

Filed by COMMERCIAL CLUB OF CHICAGO.

Totals

Total revenue
$4,163,527
Total expenses
$5,030,848
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$3,721,767
Management and general expenses
$1,309,081
Fundraising expenses
$0
Program service expenses (Part III)
$3,721,767

Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KELLY R WELSH

    PRESIDENT (THRU 07/22)

    Total calculated
    $362,781
    From this org
    $327,009
    From related orgs
    $6,673
    Other
    $29,099
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $320,581 + $6,542 related
    Bonus
    $0
    Other
    $6,428 + $131 related
    Deferred
    $14,210 + $290 related
    Nontaxable benefits
    $14,307 + $292 related
    Filer's total
    $355,526 + $7,255 related

  • DEREK R B DOUGLAS

    PRESIDENT (AS OF 08/22)

    Total calculated
    $649,951
    From this org
    $516,626
    From related orgs
    $57,403
    Other
    $75,922
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $278,386 + $30,932 related
    Bonus
    $145,107 + $16,123 related
    Other
    $93,133 + $10,348 related
    Deferred
    $67,500 + $7,500 related
    Nontaxable benefits
    $830 + $92 related
    Filer's total
    $584,956 + $64,995 related

  • MICHAEL O'GRADY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JENNIFER SCANLON

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • SCOTT SWANSON

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JAY L HENDERSON

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • HUBERT L ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KISHAN KHEMANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE KOCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALTER E MASSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER W STEANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CORDELIA C MEYER

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $445,898
    From this org
    $377,961
    From related orgs
    $30,645
    Other
    $37,292
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $366,584 + $29,723 related
    Bonus
    $0
    Other
    $11,377 + $922 related
    Deferred
    $13,413 + $1,088 related
    Nontaxable benefits
    $21,082 + $1,709 related
    Filer's total
    $412,456 + $33,442 related

  • TOM KOTARAC

    VP, TRANSPORT/INFRASTRUCT

    Total calculated
    $306,539
    From this org
    $286,938
    From related orgs
    $0
    Other
    $19,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,046
    Bonus
    $0
    Other
    $2,892
    Deferred
    $13,875
    Nontaxable benefits
    $5,726
    Filer's total
    $306,539

  • SUZANNE FISHER

    VP, FINANCE & ADMIN

    Total calculated
    $209,383
    From this org
    $154,941
    From related orgs
    $17,215
    Other
    $37,227
    Hours/week
    30 + 2 related

    Schedule J breakdown matched by us

    Base
    $153,416 + $17,046 related
    Bonus
    $0
    Other
    $1,525 + $169 related
    Deferred
    $9,228 + $1,025 related
    Nontaxable benefits
    $24,277 + $2,697 related
    Filer's total
    $188,446 + $20,937 related

  • MARY WAGONER

    POLICY MANAGER

    Total calculated
    $124,473
    From this org
    $104,792
    From related orgs
    $0
    Other
    $19,681
    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 — 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

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

The filer's explanations (Part III)

PART I, LINE 8
FIXED PAYMENTS ASSOCIATED WITH THE CONTRACT ENTERED INTO WITH THE PRESIDENT ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. THE TERMS OF THE CONTRACT WERE NEGOTIATED AT AN ARM'S LENGTH AND THE PRESIDENT WAS NOT A DISQUALIFIED PERSON IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACT.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
18 December 2023
IRS schema version
2022v5.0
Source object
202323529349300632

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

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