Civic Intelligence

Chicago Convention and Tourism Bureau

EIN 36-2704879 • 501(c)6 • Chicago, IL

View Organization Page

Profile

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.

301 East Cermak RoadChicago, IL 60616

www.choosechicago.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.48x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.36x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$573,647

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Asset Growth

93rd percentile

38%

Faster asset growth than 93% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

18%

Faster revenue growth than 75% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$33,258,331

Up $9,106,678 (+38%) from 2023

Liabilities

Up

$15,897,033

Up $3,817,507 (+32%) from 2023

Net Assets

Up

$17,361,298

Up $5,289,171 (+44%) from 2023

Operations
Liabilities / Revenue39th percentileNet Margin61st percentile

Revenue

Up

$44,143,890

Up $6,816,903 (+18%) from 2023

Expenses

Up

$38,854,719

Up $2,460,047 (+6.8%) from 2023

Net Income

Up

$5,289,171

Up $4,356,856 (+467%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $8,277,603Liabilities 2010: $3,792,045Net Assets 2010: $4,485,5582010Assets 2011: $7,378,873Liabilities 2011: $2,536,284Net Assets 2011: $4,842,5892011Assets 2012: $9,050,121Liabilities 2012: $3,455,359Net Assets 2012: $5,594,7622012Assets 2013: $10,068,771Liabilities 2013: $4,198,213Net Assets 2013: $5,870,5582013Assets 2014: $9,025,816Liabilities 2014: $5,881,676Net Assets 2014: $3,144,1402014Assets 2015: $16,950,771Liabilities 2015: $6,125,170Net Assets 2015: $10,825,6012015Assets 2016: $20,428,850Liabilities 2016: $3,392,818Net Assets 2016: $17,036,0322016Assets 2017: $19,580,953Liabilities 2017: $4,544,507Net Assets 2017: $15,036,4462017Assets 2018: $14,186,963Liabilities 2018: $3,160,349Net Assets 2018: $11,026,6142018Assets 2019: $14,490,038Liabilities 2019: $4,592,444Net Assets 2019: $9,897,5942019Assets 2020: $10,012,402Liabilities 2020: $1,295,001Net Assets 2020: $8,717,4012020Assets 2021: $13,640,210Liabilities 2021: $6,088,768Net Assets 2021: $7,551,4422021Assets 2022: $17,827,996Liabilities 2022: $6,688,184Net Assets 2022: $11,139,8122022Assets 2023: $24,151,653Liabilities 2023: $12,079,526Net Assets 2023: $12,072,1272023Assets 2024: $33,258,331Liabilities 2024: $15,897,033Net Assets 2024: $17,361,2982024

Highlighted filing

2024

Assets$33,258,331
Liabilities$15,897,033
Net Assets$17,361,298
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $12,741,2642010Expenses 2011: $12,335,2502011Expenses 2012: $18,519,4232012Expenses 2013: $27,611,0802013Revenue 2014: $32,012,772Expenses 2014: $34,722,073Net Income 2014: -$2,709,3012014Revenue 2015: $37,613,320Expenses 2015: $33,530,461Net Income 2015: $4,082,8592015Revenue 2016: $33,319,918Expenses 2016: $27,132,132Net Income 2016: $6,187,7862016Revenue 2017: $33,533,993Expenses 2017: $35,508,580Net Income 2017: -$1,974,5872017Revenue 2018: $34,563,806Expenses 2018: $38,573,638Net Income 2018: -$4,009,8322018Revenue 2019: $32,617,112Expenses 2019: $33,746,132Net Income 2019: -$1,129,0202019Revenue 2020: $21,478,473Expenses 2020: $22,658,711Net Income 2020: -$1,180,2382020Revenue 2021: $19,015,508Expenses 2021: $20,181,386Net Income 2021: -$1,165,8782021Revenue 2022: $32,848,040Expenses 2022: $29,263,950Net Income 2022: $3,584,0902022Revenue 2023: $37,326,987Expenses 2023: $36,394,672Net Income 2023: $932,3152023Revenue 2024: $44,143,890Expenses 2024: $38,854,719Net Income 2024: $5,289,1712024

Highlighted filing

2024

Revenue$44,143,890
Expenses$38,854,719
Net Income$5,289,171
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,258,331
Liabilities
$15,897,033
Net assets
$17,361,298
Revenue
$44,143,890
Expenses
$38,854,719
Net income
$5,289,171
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.3$15.9$17.4$44.1$38.9$5.29
2023Detailed filing. Detailed filing data is available for this year.$24.2$12.1$12.1$37.3$36.4$0.93
2022Detailed filing. Detailed filing data is available for this year.$17.8$6.69$11.1$32.8$29.3$3.58
2021Detailed filing. Detailed filing data is available for this year.$13.6$6.09$7.55$19.0$20.2$1.17
2020Detailed filing. Detailed filing data is available for this year.$10.0$1.30$8.72$21.5$22.7$1.18
2019Detailed filing. Detailed filing data is available for this year.$14.5$4.59$9.90$32.6$33.7$1.13
2018Detailed filing. Detailed filing data is available for this year.$14.2$3.16$11.0$34.6$38.6$4.01
2017Detailed filing. Detailed filing data is available for this year.$19.6$4.54$15.0$33.5$35.5$1.97
2016Detailed filing. Detailed filing data is available for this year.$20.4$3.39$17.0$33.3$27.1$6.19
2015Detailed filing. Detailed filing data is available for this year.$17.0$6.13$10.8$37.6$33.5$4.08
2014Detailed filing. Detailed filing data is available for this year.$9.03$5.88$3.14$32.0$34.7$2.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$4.20$5.87$27.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.05$3.46$5.59$18.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.38$2.54$4.84$12.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.28$3.79$4.49$12.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$44,143,890
Mission and Program Overview

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.

Promote chicago to the domestic, national, and international leisure and business traveler.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,953,742$23,105,808▲ $10,152,066
Accounts Receivable$8,908,975$7,555,491▼ $1,353,484
Prepaid Expenses and Deferred Charges$840,459$1,525,283▲ $684,824
Cash and Non-Interest-Bearing Accounts$1,236,677$840,449▼ $396,228
Land, Buildings, and Equipment, Net$109,578$107,217▼ $2,361
Investments in Publicly Traded Securities$70,457$80,151▲ $9,694
Total Assets$24,151,653$33,258,331▲ $9,106,678
Other Assets Total$31,765$43,932▲ $12,167
Liabilities
Deferred Revenue$7,433,924$10,528,374▲ $3,094,450
Accounts Payable and Accrued Expenses$3,154,043$3,546,782▲ $392,739
Other Liabilities$1,491,559$1,821,877▲ $330,318
Total Liabilities$12,079,526$15,897,033▲ $3,817,507
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,096,158$17,301,095▲ $13,204,937
Net Assets With Donor Restrictions$7,975,969$60,203▼ $7,915,766
Total Net Assets Fund Balance$12,072,127$17,361,298▲ $5,289,171
Total Liabilities and Net Assets / Fund Balance$24,151,653$33,258,331▲ $9,106,678

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$107,217$1,689,673$1,796,890
Equipment$0$608,844$608,844
Leasehold Improvements$0$302,330$302,330
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynn OsmondFormer President and CEO-$570,095$573,647$573,647
Dustin ArnheimSVP Sales and ServicesFT$301,279$118,566$419,845
Rich GambleInterim President and CEOFT$368,124$17,677$385,801
Cahal MoweryVP SalesFT$221,450$86,019$307,469
Eric KincaidVP SalesFT$221,450$73,638$295,088
Lisa NucciChief Marketing Officer FrFT$221,448$70,566$292,014
Meyer W JamesCFOFT$258,791$21,127$279,918
Michelle RevueltaVP Media RelationsFT$236,251$36,546$272,797
Kara BachmanExec Director Chicago SporFT$218,952$34,346$253,298
Lori AdelsickVP Special EventsFT$183,768$51,972$235,740
Naomi HattoriVP Global DevelopmentFT$202,366$23,840$226,206
Robert FojtikVP Neighborhood StrategiesFT$197,443$18,183$215,626
Angela HearnSenior Director MarketingFT$183,639$6,278$189,917
Tara WelchChief of StaffFT$177,443$9,399$186,842

Board Members and Trustees

NameTitle
Alexandra SimsDirector
Arthur JohnstonDirector
Ayesha JacoDirector
Barbara LakenDirector
Betsy ZieglerDirector
Billy GlunzDirector
Catherine De OrioDirector
Cherryl ThomasDirector
Chevy HumphreyDirector
Christie Tarantino-deanDirector
Dave JacobsDirector
Don FinnDirector
Erin HarkeyDirector
Eve Rodriguez MontoyaDirector
Gary PerinarDirector
Glenn EdenDirector
James RondeauDirector
Jamie RheeDirector
Jay BlunkDirector
Jeff BethkeDirector
Jerry MickelsonDirector
John WellsDirector
Juan SalgadoDirector
Larita ClarkDirector
Lisa DuarteDirector
Liz Lombardo StarkDirector
Manny SanchezDirector
Maria Razumich-zecDirector
Marilynn GardnerDirector
Meg SahsDirector
Michael FassnachtDirector
Michael JacobsonDirector
Michael StrautmanisDirector
Myrna SalazarDirector
Nina GrondinDirector
Nykia WrightDirector
Patrick HattonDirector
Rich LevinDirector
Richard GambleDirector
Robert ReiterDirector
Sam ToiaDirector
Sylvia GarciaDirector
Walter Jr BurnettDirector
Doreen BurseDirector Thru June 30 ,202
Jason ErivnDirector Thru June 30 ,202
Kenneth MeyerDirector Thru June 30 ,202
Patrick KellyDirector Thru June 30 ,202
Rich AshlinDirector Thru June 30 ,202

Highest Paid Contractors

ContractorServicesLocationCompensation
The Spurrier GroupMedia Purchases101 S 15TH STREET SUITE 106M, Richmond, VA 23219$4,786,373
James Beard FoundationEvent Services167 W 12TH STREET, New York, NY 10011$1,095,500
EnvisionitCreative Services130 E RANDOLPH ST 1600, Chicago, IL 60601$1,077,391
Mmgy GlobalCreative Services7309 W 80TH ST 400, Overland Park, KS 66204$566,329
Jcdecaux Chicago LLCMedia Purchases350 FIFTH AVENUE, New York, NY 10113$385,108
Revenue and Support

Revenue Composition

Contributions and Grants
$42,084,450
Program Service Revenue
$338,347
Investment Income
$712,566
Other Revenue
$1,008,527
All Other Contributions
$33,122,532
Change in Net Assets
$5,289,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,645,093
Salaries, Compensation, and Employee Benefits$13,209,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$10,813,582
Other Salaries and Wages---$7,282,700
Current Officers, Directors, Trustees, and Key Employees---$3,890,666
Conferences and Meetings---$2,123,817
All Other Expenses---$1,632,231
Other Employee Benefits---$1,020,728
Fees for Services Management---$1,006,935
Travel---$787,374
Office Expenses---$785,983
Payroll Taxes---$785,444
Information Technology---$477,150
Other Expenses---$380,925
Fees for Services Legal---$289,165
Occupancy---$233,861
Pension Plan Contributions---$230,088
Depreciation Depletion---$92,877
Fees for Services Accounting---$76,847
Insurance---$70,524
Interest---$12,245
Total Functional Expenses$0$0$0$38,854,719
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$2,210,463
Current Year Nondeductible Lobbying and Political Cost$295,629
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberRentNo$233,861
-Board MemberSponsorshipNo$50,500
-Board MemberSponsorshipNo$30,705
-Board MemberEvent ServicesNo$15,161
-Board MemberEvent ServicesNo$13,683
-Board MemberEvent ServicesNo$12,325
-Board MemberEvent ServicesNo$4,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Loan Amount$1,693,762
Deferred Compensation Plan Liability - Current Portion$80,151
Non Current Liability$30,394
Financing Lease$17,570
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is a membership based organization. Our members are comprised of businesses that are involved in the visitor industry in chicago.”

Form 990, Part VI, Section B, Line 11B

“The organization provides a copy of the form 990 to the treasurer and members of the company's finance committee who reviews and discusses any issues related to form 990 with the independent auditors. When it is in full compliance, the tax returns are filed with the authorities.”

Form 990, Part VI, Section B, Line 12C

“The organization has written conflict of interest policy. The employees and the governing body members are required to sign and acknowledge the policy. The organization monitors compliance and updates every year.”

Form 990, Part VI, Section B, Line 15A

“The compensation of the organization's ceo includes studies and review by the compensation committee of the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization maintains a website to provide information to the public.the information about the organization and its governance is also provided to the public only upon request.”

Filing and Contact Details

Filer

Filer Name
Chicago Convention and Tourism Bureau
EIN
36-2704879
Phone
3125678560
Address
301 EAST CERMAK ROAD, CHICAGO, IL 60616
Doing Business As
Choose Chicago

Signing Officer

Name
James Meyer
Title
CFO
Phone
3125678500
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Meyer
Formed
1970
Legal Domicile
Il
Voting Board Members
35
Independent Board Members
35
Employees
95
Volunteers
300

Preparer

Firm
Mitchell & Titus Llp
Address
80 PINE STREET 32ND FL, NEW YORK, NY 10005
Preparer
Eric Harrison
Phone
2127094500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Choose chicago follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. There are no uncertain tax positions by choose chicago as of december 31, 2024 and 2023. Choose chicago's management believes that tax returns are no longer subject to review and examination by federal and state authorities for years prior to 2021.”

Raw XML AppendixShowing 400 of 1,157 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc055 MILLION DOMESTIC AND INTERNATIONAL TRAVELERS VISITED CHICAGO IN 2024. THIS WAS AN INCREASE OF 6% OVER 2024 LEVELS AND THREE TIMES LARGER THAN THE PANDEMIC LOW OF 16.5 MILLION.TOURISM SPENDING ESTIMATED AT $20.9 BILLION IN 2024, GENERATED $2.8 BILLION IN STATE AND LOCAL TAXES AND SUPPORTED AN ESTIMATED 133,000 TOURISM RELATED JOBS.OVERNIGHT VISITORS TO CHICAGO GENERATED OVER $157 MILLION IN CHICAGO HOTEL TAX REVENUE.
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