Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $28,854

• 1f · All other contributions, gifts and grants

  $9,033,595

• 3 · Investment income

  total $175,430 · excluded $175,430

• 8a · Fundraising events: gross income

  $0

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

  $28,854

• 8b · Fundraising events: direct expenses

  $3,996

• 8c · Net income from fundraising events

  total -$3,996 · excluded -$3,996

• 11a · Other revenue: MISC INCOME

  total $1,000 · excluded $1,000

• 11e · Other revenue, total

  $1,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $16,937,073 · program services $16,937,073

• 11a · Fees: management

  total $17,106 · management and general $17,106

• 13 · Office expenses

  total $2,867 · management and general $2,867

• 23 · Insurance

  total $7,003 · management and general $7,003

• 24a · Other expenses: SUNDRY

  total $486 · management and general $486

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,200,267 · end of year $458,953

• 2 · Savings and temporary cash investments

  beginning of year $307,450 · end of year $323,098

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,464 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $210 · end of year $1,733

• 27 · Net assets without donor restrictions

  beginning of year $8,509,971 · end of year $780,318

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S COMPENSATION, PAID BY THE CHICAGO CONVENTION AND TOURISM BUREAU, IS DETERMINED AS A PART OF THEIR WRITTEN EMPLOYMENT AGREEMENT WHICH WAS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE PRIOR TO EXECUTION.

PART I, LINE 4A

LYNN OSMOND TOTAL COMP = $573,647. SEVERANCE TOTALED $405,992 (THIS IS INCLUDED IN THE TOTAL COMP AMOUNT)