Civic Intelligence

The Chicago Network Inc

EIN 36-3099583 • 501(c)3 • Chicago, IL

View Organization Page

Profile

As the preeminent organization for chicago's leading professional women, we are compelled to: -connect with each other for professional and personal growth -advance our civic, business and philanthropic communities -inspire and support the next generation of women leaders.

737 North Michigan Avenue 1900Chicago, IL 60611

www.thechicagonetwork.org

Siviq Scores

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

Liabilities / Assets

70th percentile

0.24x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

82nd percentile

0.57x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

70th percentile

18%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

97th percentile

$464,954

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

84th percentile

29%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

50th percentile

7.2%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$3,850,841

Up $865,127 (+29%) from 2024

Liabilities

Up

$941,004

Up $457,164 (+94%) from 2024

Net Assets

Up

$2,909,837

Up $407,963 (+16%) from 2024

Operations
Liabilities / Revenue82nd percentileNet Margin70th percentile

Revenue

Up

$1,665,214

Up $111,965 (+7.2%) from 2024

Expenses

Up

$1,372,339

Up $28,639 (+2.1%) from 2024

Net Income

Up

$292,875

Up $83,326 (+40%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,098,804Liabilities 2011: $10,870Net Assets 2011: $1,087,9342011Assets 2012: $1,423,927Liabilities 2012: $122,003Net Assets 2012: $1,301,9242012Assets 2013: $1,572,015Liabilities 2013: $197,232Net Assets 2013: $1,374,7832013Assets 2015: $2,018,705Liabilities 2015: $515,082Net Assets 2015: $1,503,6232015Assets 2016: $2,187,649Liabilities 2016: $625,973Net Assets 2016: $1,561,6762016Assets 2017: $2,276,106Liabilities 2017: $585,285Net Assets 2017: $1,690,8212017Assets 2018: $2,378,790Liabilities 2018: $591,410Net Assets 2018: $1,787,3802018Assets 2019: $2,335,431Liabilities 2019: $754,632Net Assets 2019: $1,580,7992019Assets 2020: $1,798,483Liabilities 2020: $1,141,211Net Assets 2020: $657,2722020Assets 2021: $2,387,450Liabilities 2021: $634,697Net Assets 2021: $1,752,7532021Assets 2022: $2,416,958Liabilities 2022: $560,003Net Assets 2022: $1,856,9552022Assets 2023: $2,791,437Liabilities 2023: $578,999Net Assets 2023: $2,212,4382023Assets 2024: $2,985,714Liabilities 2024: $483,840Net Assets 2024: $2,501,8742024Assets 2025: $3,850,841Liabilities 2025: $941,004Net Assets 2025: $2,909,8372025

Highlighted filing

2025

Assets$3,850,841
Liabilities$941,004
Net Assets$2,909,837
Open 2025 Filing

Operations Trend

Revenue Growth50th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $826,7612011Expenses 2012: $846,9152012Expenses 2013: $973,8442013Revenue 2015: $1,293,529Expenses 2015: $1,217,866Net Income 2015: $75,6632015Revenue 2016: $1,312,904Expenses 2016: $1,247,395Net Income 2016: $65,5092016Revenue 2017: $1,356,306Expenses 2017: $1,268,590Net Income 2017: $87,7162017Revenue 2018: $1,470,555Expenses 2018: $1,373,244Net Income 2018: $97,3112018Revenue 2019: $1,439,760Expenses 2019: $1,653,460Net Income 2019: -$213,7002019Revenue 2020: $479,731Expenses 2020: $1,386,526Net Income 2020: -$906,7952020Revenue 2021: $2,053,360Expenses 2021: $1,053,590Net Income 2021: $999,7702021Revenue 2022: $1,399,879Expenses 2022: $1,098,306Net Income 2022: $301,5732022Revenue 2023: $1,523,518Expenses 2023: $1,221,280Net Income 2023: $302,2382023Revenue 2024: $1,553,249Expenses 2024: $1,343,700Net Income 2024: $209,5492024Revenue 2025: $1,665,214Expenses 2025: $1,372,339Net Income 2025: $292,8752025

Highlighted filing

2025

Revenue$1,665,214
Expenses$1,372,339
Net Income$292,875
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,850,841
Liabilities
$941,004
Net assets
$2,909,837
Revenue
$1,665,214
Expenses
$1,372,339
Net income
$292,875
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.85$0.94$2.91$1.67$1.37$0.29
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$0.48$2.50$1.55$1.34$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.58$2.21$1.52$1.22$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.56$1.86$1.40$1.10$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$0.63$1.75$2.05$1.05$1.00
2020Detailed filing. Detailed filing data is available for this year.$1.80$1.14$0.66$0.48$1.39$0.91
2019Detailed filing. Detailed filing data is available for this year.$2.34$0.75$1.58$1.44$1.65$0.21
2018Detailed filing. Detailed filing data is available for this year.$2.38$0.59$1.79$1.47$1.37$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.28$0.59$1.69$1.36$1.27$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.19$0.63$1.56$1.31$1.25$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.02$0.52$1.50$1.29$1.22$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.20$1.37$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.12$1.30$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.01$1.09$0.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 3, 2026
Return Version
2024v5.5
Gross Receipts
$2,042,213
Mission and Program Overview

Mission

In furtherance of its charitable and educational goals, the Network's activities consist primarily of providing educational opportunities for its members and the public on issues related to the advancement of women in the workplace. As the preeminent Organization for Chicago's leading professional women, the Network encourages connection with each other for personal and professional growth; advancement of civic, business and philanthropic communities: and inspiration and support the next generation of women leaders.

To educate members and the public on issues related to advancement of women in the workplace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,288,490$2,761,876▲ $473,386
Cash and Non-Interest-Bearing Accounts$353,500$555,846▲ $202,346
Pledges and Grants Receivable$234,455$65,275▼ $169,180
Prepaid Expenses and Deferred Charges$49,039$43,176▼ $5,863
Inventories for Sale or Use-$14,734-
Land, Buildings, and Equipment, Net$24,475$10,500▼ $13,975
Accounts Receivable$334--
Total Assets$2,985,714$3,850,841▲ $865,127
Other Assets Total$35,421$399,434▲ $364,013
Liabilities
Other Liabilities$33,177$370,132▲ $336,955
Deferred Revenue$255,185$318,195▲ $63,010
Accounts Payable and Accrued Expenses$195,478$252,677▲ $57,199
Total Liabilities$483,840$941,004▲ $457,164
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,361,091$1,830,927▲ $469,836
Net Assets Without Donor Restrictions$1,140,783$1,078,910▼ $61,873
Total Net Assets Fund Balance$2,501,874$2,909,837▲ $407,963
Total Liabilities and Net Assets / Fund Balance$2,985,714$3,850,841▲ $865,127

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,500$114,855$125,355
Other Assets Org$377,264--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maria DoughtyPresident & CEOFT$424,000$40,954$464,954

Board Members and Trustees

NameTitle
Deb BoydaChair
Suzet McKinneyImmediate Past Chair
Aurelie RichardDirector
Barbra BukovacDirector
Beth Kirk MaleckiDirector
Cathy BirkelandDirector
Celena SarilloDirector
Christina CorleyDirector
Dana ThompsonDirector
Francesca DeBiaseDirector
Janet FouttyDirector
Jennifer LyonsDirector
Julie ScottDirector
Marsha CruzanDirector
Natashia GalavottiDirector
Sara GreensteinDirector
Sidney DillardDirector
Sona WangDirector
Susan JacobsDirector
Yonhee GordonDirector
Zaldwaynaka ScottDirector
Tracey BenfordSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TFP Equity REIT Operating Partnership LPLandlord737 N Michigan Ave Suite 1240, Chicago, IL 60611$144,352
Revenue and Support

Revenue Composition

Contributions and Grants
$1,465,649
Program Service Revenue
$0
Investment Income
$108,992
Other Revenue
$90,573
All Other Contributions
$69,410
Change in Net Assets
$292,875

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,653,405
Revenue Not Reported on Financial Statements
$11,809
Revenue Not Reported on Form 990
$150,734
Total Revenue per Audited Statements
$1,804,139
Total Revenue per Form 990
$1,665,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$755,145
Other Expenses$617,194
Total Fundraising Expense$182,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$107,499$269,229$88,226$464,954
Other Salaries and Wages$54,037$135,761$45,506$235,304
Fees for Services Other$63,610$71,743-$135,353
Occupancy$30,920$59,621$18,065$108,606
Fees for Services Accounting$24,857$41,756-$66,613
Payroll Taxes$7,988$19,856$6,146$33,990
Information Technology-$26,977-$26,977
All Other Expenses-$26,374-$26,374
Other Expenses$1,765$6,724$14,823$23,312
Other Employee Benefits$5,067$12,417$3,413$20,897
Depreciation Depletion$4,975$9,593$2,907$17,475
Fees for Service Investment Mgmnt Fees-$11,809-$11,809
Insurance-$6,798-$6,798
Office Expenses$460$1,653-$2,113
Total Functional Expenses$447,066$742,329$182,944$1,372,339

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,396,176
Total Expenses per Form 990$1,372,339
Expenses per Audited Statements$1,360,530
Expenses Not Reported on Form 990$35,646
Expenses Not Reported on Financial Statements$11,809
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$323,770
Fundraising Direct Expenses$235,097
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Women in Forefront Luncheon$1,133,664$180,700$95,948$84,752
Launchpad for Women Senior Leaders$130,275$130,275-$130,275
Total Events$1,276,734$323,770$235,097$88,673
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease liability$370,132
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
No
Business relationship with family members
No
Business relationship with organization members
No
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Full members of The Network shall be women professionally based in the Chicago Metropolitan area who shall have attained a high level of achievement and shall have been found acceptable as members of The Network by the membership committee. A full member may become a Non-resident member if she resides outside of the Chicago Metropolitan area for the majority of the year. A Full Member belonging to the Network for not less than one year and no longer active in the position she held when admitted as a Full Member may become an Emerita Member. Full, non-resident and Emerita members may become life members when tenure as a member of The Network plus her age is at least 100.”

Form 990, Part VI, Section A, line 7A

“Full members of The Network elect Officers and the Board of Directors at the annual meeting.”

Form 990, Part VI, Section A, line 7B

“Full membership approves the Board of Director slate at the annual meeting”

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

“The Form 990 and related schedules was reviewed by the Network's President & CEO, Secretary/Treasurer and the Finance and Audit committee prior to filing and distribution to the Board.”

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

“The Board is apprised of any potential conflicts as they arise. An annual disclosure statement is required to be signed by the Board.”

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

“As needed, the Board Chair conducts a survey of CEOs of similarly situated organizations to determine the compensation of the CEO. Compensation is recommended by the Chair and approved by the Executive Committee.”

Form 990, Part VI, Section C, line 19

“Governing documents, the conflict of interest policy and financial statements are available at the Organization's office.”

Filing and Contact Details

Filer

Filer Name
The Chicago Network Inc
EIN
36-3099583
Phone
3127871990
Address
737 North Michigan Avenue 1900, Chicago, IL 60611

Signing Officer

Name
Maria Doughty
Title
President and CEO
Phone
3127871990
Signed
2026-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maria Doughty
Formed
1979
Legal Domicile
Il
Voting Board Members
22
Independent Board Members
22
Employees
4
Volunteers
175

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643-3206
Preparer
Mel Padillo
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“FIN 48 Note from Audited Financial Statements The Network is a nonprofit organization which has been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The Network is required to pay federal and state income taxes only on its net unrelated business income. No provision for income taxes was required for 2025 and 2024, because the Network does not conduct any unrelated business activities. The Network files income tax returns in the U.S. federal jurisdiction and Illinois. With few exceptions, the Network is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2022. The Network does not expect a material net change in unrecognized tax benefits in the next twelve months.”

Part XI, Line 2D - Other Adjustments:

“Cost of event Investment expense”

Part XII, Line 4B - Other Adjustments:

“Cost of event Investment expense”

Raw XML AppendixShowing 400 of 665 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.

Path#Value
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IRS990/Desc0Launchpad - The Chicago Network's mission is to connect with each other for personal and professional growth, advance our civic, business, and philanthropic communities, and inspire and support the next generation. Launchpad Women's Leadership Summit is one of our cornerstone initiatives to advance the next generation. It provides emerging women leaders with high-level programming content and actionable tools to help them achieve their career objectives.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Deb Boyda
IRS990/Form990PartVIISectionAGrp/PersonNm1Tracey Benford
IRS990/Form990PartVIISectionAGrp/PersonNm2Suzet McKinney
IRS990/Form990PartVIISectionAGrp/PersonNm3Aurelie Richard
IRS990/Form990PartVIISectionAGrp/PersonNm4Barbra Bukovac
IRS990/Form990PartVIISectionAGrp/PersonNm5Beth Kirk Malecki
IRS990/Form990PartVIISectionAGrp/PersonNm6Cathy Birkeland
IRS990/Form990PartVIISectionAGrp/PersonNm7Celena Sarillo
IRS990/Form990PartVIISectionAGrp/PersonNm8Christina Corley
IRS990/Form990PartVIISectionAGrp/PersonNm9Dana Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm10Francesca DeBiase
IRS990/Form990PartVIISectionAGrp/PersonNm11Janet Foutty
IRS990/Form990PartVIISectionAGrp/PersonNm12Jennifer Lyons
IRS990/Form990PartVIISectionAGrp/PersonNm13Julie Scott
IRS990/Form990PartVIISectionAGrp/PersonNm14Marsha Cruzan
IRS990/Form990PartVIISectionAGrp/PersonNm15Natashia Galavotti
IRS990/Form990PartVIISectionAGrp/PersonNm16Sara Greenstein
IRS990/Form990PartVIISectionAGrp/PersonNm17Sidney Dillard
IRS990/Form990PartVIISectionAGrp/PersonNm18Sona Wang
IRS990/Form990PartVIISectionAGrp/PersonNm19Susan Jacobs
IRS990/Form990PartVIISectionAGrp/PersonNm20Yonhee Gordon
IRS990/Form990PartVIISectionAGrp/PersonNm21Zaldwaynaka Scott
IRS990/Form990PartVIISectionAGrp/PersonNm22Maria Doughty
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IRS990/MissionDesc0In furtherance of its charitable and educational goals, the Network's activities consist primarily of providing educational opportunities for its members and the public on issues related to the advancement of women in the workplace. As the preeminent Organization for Chicago's leading professional women, the Network encourages connection with each other for personal and professional growth; advancement of civic, business and philanthropic communities: and inspiration and support the next generation of women leaders.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Woman in Forefront Luncheon (WIFL) - This is The Network's Hallmark event. This annual luncheon, open to members and non-members alike, features keynote speakers discussing their experiences and achievements.
IRS990/ProgSrvcAccomActy3Grp/Desc0Equity Principles Campaign - The Chicago Network Equity Principles Campaign enlists partners among business and civic leaders to provide ideas and educational support for companies and organizations looking for best practices to help women achieve their career and leadership goals.
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