Civic Intelligence

Choose Chicago Foundation

990 • Fiscal year 2015 • EIN 45-4847768

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

Organization ProfileN/A
301 East Cermak RoadChicago, IL 60616

(312) 567-8500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.07x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

99th percentile

$580,354

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 75.4% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

4th percentile

-40%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

323%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$127,601

Down $84,476 (-40%) from 2014

Net Assets

Up

$76,401

Up $103,971 (+377%) from 2014

Liabilities

Down

$51,200

Down $188,447 (-79%) from 2014

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin71st percentile

Revenue

Up

$770,086

Up $588,108 (+323%) from 2014

Expenses

Up

$666,114

Up $475,713 (+250%) from 2014

Net Income

Up

$103,972

Up $112,395 (+1334%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2012: $233,094Liabilities 2012: $249,919Net Assets 2012: -$16,8252012Assets 2013: $1,150Liabilities 2013: $20,297Net Assets 2013: -$19,1472013Assets 2014: $212,077Liabilities 2014: $239,647Net Assets 2014: -$27,5702014Assets 2015: $127,601Liabilities 2015: $51,200Net Assets 2015: $76,4012015Assets 2016: $283,060Liabilities 2016: $35Net Assets 2016: $283,0252016Assets 2017: $394,278Liabilities 2017: $56,250Net Assets 2017: $338,0282017Assets 2018: $493,825Liabilities 2018: $56,321Net Assets 2018: $437,5042018Assets 2019: $651,554Liabilities 2019: $75,741Net Assets 2019: $575,8132019Assets 2020: $668,538Liabilities 2020: $50,000Net Assets 2020: $618,5382020Assets 2021: $859,781Liabilities 2021: $100,035Net Assets 2021: $759,7462021Assets 2022: $625,943Liabilities 2022: $35Net Assets 2022: $625,9082022Assets 2023: $8,510,181Liabilities 2023: $210Net Assets 2023: $8,509,9712023Assets 2024: $782,051Liabilities 2024: $1,733Net Assets 2024: $780,3182024

Highlighted filing

2015

Assets$127,601
Liabilities$51,200
Net Assets$76,401
Open 2015 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2012: $350,000Expenses 2012: $366,825Net Income 2012: -$16,8252012Revenue 2013: $14,500Expenses 2013: $16,822Net Income 2013: -$2,3222013Revenue 2014: $181,978Expenses 2014: $190,401Net Income 2014: -$8,4232014Revenue 2015: $770,086Expenses 2015: $666,114Net Income 2015: $103,9722015Revenue 2016: $278,708Expenses 2016: $72,084Net Income 2016: $206,6242016Revenue 2017: $59,056Expenses 2017: $4,053Net Income 2017: $55,0032017Revenue 2018: $102,108Expenses 2018: $2,632Net Income 2018: $99,4762018Revenue 2019: $150,411Expenses 2019: $12,102Net Income 2019: $138,3092019Revenue 2020: $75,188Expenses 2020: $32,417Net Income 2020: $42,7712020Revenue 2021: $2,550,000Expenses 2021: $2,408,872Net Income 2021: $141,1282021Revenue 2022: $7,748Expenses 2022: $141,552Net Income 2022: -$133,8042022Revenue 2023: $8,093,782Expenses 2023: $209,719Net Income 2023: $7,884,0632023Revenue 2024: $9,234,883Expenses 2024: $16,964,535Net Income 2024: -$7,729,6522024

Highlighted filing

2015

Revenue$770,086
Expenses$666,114
Net Income$103,972
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$839,050
Mission and Program Overview

Mission

The Choose Chicago Foundation accelerates the civic, cultural, and economic growth of Chicago through travel and tourism initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$177,077$77,601▼ $99,476
Accounts Receivable$35,000$50,000▲ $15,000
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$212,077$127,601▼ $84,476
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$50,000$50,000→ $0
Accounts Payable and Accrued Expenses$189,647$1,200▼ $188,447
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$239,647$51,200▼ $188,447
Net Assets / Fund Balance
Unrestricted Net Assets$-27,570$76,401▲ $103,971
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-27,570$76,401▲ $103,971
Total Liabilities and Net Assets / Fund Balance$212,077$127,601▼ $84,476
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Donald P WelshPresident/chairman
Jack JohnsonSecretary
W James MeyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$773,416
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-3,330
All Other Contributions
$700,000
Change in Net Assets
$103,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$770,086
Revenue Not Reported on Form 990
$406,301
Total Revenue per Audited Statements
$1,176,387
Total Revenue per Form 990
$770,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$634,666
Other Expenses$31,448
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$634,666--$634,666
Fees for Services Other-$26,667-$26,667
Advertising$2,500--$2,500
Fees for Services Accounting-$1,200-$1,200
Other Expenses$1,056--$1,056
Total Functional Expenses$638,247$27,867$0$666,114

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,072,415
Expenses per Audited Statements$666,114
Total Expenses per Form 990$666,114
Expenses Not Reported on Form 990$406,301
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
James Beard FoundationNew York, NY501(c)(3)Program Support$634,666
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$68,964
Fundraising Gross Income$65,634
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chicago Golf Cl$139,050$65,634$3,305$62,329
Total Events$139,050$65,634$68,964$-3,330
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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 2:

“CHOOSE CHICAGO FOUNDATION IS A SUBSIDIARY OF CHICAGO CONVENTION AND TOURISM BUREAU, INC. D/B/A CHOOSE CHICAGO (AN ILLINOIS 501(c) (6) EXEMPT ORGANIZATION) IN WHICH THE CEO OF CHOOSE CHICAGO FOUNDATION IS ALSO THE CEO OF CHOOSE CHICAGO.”

FORM 990, PART VI, SECTION B, LINE 11:

“The organization provides copy a of form 990 to the members of the governing body, who review and discuss issues related to form 990. Any explanation is discussed with the independent auditors also and 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 a 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 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. The organizations form 990 is also available on guidestars website and the illinois attorney general website.”

Form 990, Part VI, Line 9:

“Rounding ($1)”

Filing and Contact Details

Filer

Filer Name
Choose Chicago Foundation
EIN
45-4847768
In Care Of
% W JAMES MEYER
Phone
3125678500
Address
301 East Cermak Road, CHICAGO, IL 60616

Signing Officer

Name
David Whitaker
Title
President and CEO
Phone
3125678500
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Whitaker
Formed
2012
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
205 N Michigan Ave 28th Floor, Chicago, IL 60601-5927
Preparer
Mark Heroux
Phone
3127298000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“The Choose Chicago Foundation accelerates the civic, cultural, and economic growth of Chicago through travel and tourism initiatives.”

FORM 990, PART III, LINE I, STATEMENT OF PROGRAM ACCOMPLISHMENTS:

“The Choose Chicago Foundation accelerates the civic, cultural, and economic growth of Chicago through travel and tourism initiatives.”

Financial Statement Notes

Schedule D, Part X, Line 2:

“Choose Chicago has adopted the requirements for accounting for uncertain tax positions and management has determined that Choose Chicago was not required to record a liability related to uncertain tax positions as of December 31, 2015. Federal and state tax and/or information returns of Choose Chicago are subject to examinations by the Internal Revenue Service and state taxing authorities, generally for three years after the returns were filed. Management believes that Choose Chicago is no longer subject to income tax examinations by taxing authorities for year ended prior to December 31, 2012.”

Schedule D, Part XI, Line 2D:

“Fundraising expense: $68,964”

Schedule D, Part XII, Line 2D:

“Fundraising expense: $68,964”

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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/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0103972
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0773416
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0181978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0350000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01319894
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01319894
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0773416
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0181978
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0350000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01319894
IRS990ScheduleA/TotalSupportAmt01319894
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0337337
IRS990ScheduleD/DonatedServicesUseFcltsAmt0337337
IRS990ScheduleD/ExpensesNotReportedAmt0406301
IRS990ScheduleD/ExpensesSubtotalAmt0666114
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt068964
IRS990ScheduleD/OtherRevenueAmt068964
IRS990ScheduleD/RevenueNotReportedAmt0406301
IRS990ScheduleD/RevenueSubtotalAmt0770086
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Choose Chicago has adopted the requirements for accounting for uncertain tax positions and management has determined that Choose Chicago was not required to record a liability related to uncertain tax positions as of December 31, 2015. Federal and state tax and/or information returns of Choose Chicago are subject to examinations by the Internal Revenue Service and state taxing authorities, generally for three years after the returns were filed. Management believes that Choose Chicago is no longer subject to income tax examinations by taxing authorities for year ended prior to December 31, 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising expense: $68,964
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising expense: $68,964
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI, Line 2d:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule D, Part XII, Line 2d:
IRS990ScheduleD/TotalExpensesPerForm990Amt0666114
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0770086
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01176387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01072415
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt073416
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt073416
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt068964
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHICAGO GOLF CL
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt011809
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt011809
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0139050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0139050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt065634
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt065634
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3330
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt08450
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt08450
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03305
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03305
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt045400
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt045400
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0634666
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0JAMES BEARD FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0132752108
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0167 WEST 12TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010011
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt066439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0468465
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1229999
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2203646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt042000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt14595
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt217758
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt1858
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt23750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DONALD P WELSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JACK JOHNSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2W JAMES MEYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0580354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1235452
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2225154
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Choose Chicago Foundation accelerates the civic, cultural, and economic growth of Chicago through travel and tourism initiatives.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHOOSE CHICAGO FOUNDATION IS A SUBSIDIARY OF CHICAGO CONVENTION AND TOURISM BUREAU, INC. D/B/A CHOOSE CHICAGO (AN ILLINOIS 501(c) (6) EXEMPT ORGANIZATION) IN WHICH THE CEO OF CHOOSE CHICAGO FOUNDATION IS ALSO THE CEO OF CHOOSE CHICAGO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES COPY A OF FORM 990 TO THE MEMBERS OF THE GOVERNING BODY, WHO REVIEW AND DISCUSS ISSUES RELATED TO FORM 990. ANY EXPLANATION IS DISCUSSED WITH THE INDEPENDENT AUDITORS ALSO AND WHEN IT IS IN FULL COMPLIANCE THE TAX RETURNS ARE FILED WITH THE AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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. THE ORGANIZATIONS FORM 990 IS ALSO AVAILABLE ON GUIDESTARS WEBSITE AND THE ILLINOIS ATTORNEY GENERAL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Rounding ($1)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Choose Chicago Foundation accelerates the civic, cultural, and economic growth of Chicago through travel and tourism initiatives.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART III, LINE I, STATEMENT OF PROGRAM ACCOMPLISHMENTS:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHICAGO CONVENTION AND TOURISM BUREAU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362704879
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE PART VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0301 EAST CERMAK ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060616
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$127,601
Liabilities
$51,200
Net assets
$76,401
Revenue
$770,086
Expenses
$666,114
Net income
$103,972
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.00$0.78$9.23$17.0$7.73
2023Detailed filing. Detailed filing data is available for this year.$8.51$0.00$8.51$8.09$0.21$7.88
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.01$0.14$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.10$0.76$2.55$2.41$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.05$0.62$0.08$0.03$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.08$0.58$0.15$0.01$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.06$0.44$0.10$0.00$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.06$0.34$0.06$0.00$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.28$0.07$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.05$0.08$0.77$0.67$0.10
2014Summary only. Only limited summary data is available for this year.$0.21$0.24$0.03$0.18$0.19$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.02$0.02$0.01$0.02$0.00
2012Summary only. Only limited summary data is available for this year.$0.23$0.25$0.02$0.35$0.37$0.02