2023-11-15T08:55:50-06:00 2022-12-31 390758449 WIPFLI LLP 2501 W BELTLINE HWY STE 401 MADISON WI 53713 990 2022-01-01 363312341 INDUSTRIAL COUNCIL OF NEARWEST CHICAGO INDU 3124213941 320 N DAMEN AVENUE 1ST FLOOR CHICAGO IL 60612 STEVE DEBRETTO EXECUTIVE DIRECTOR 3124213941 2023-11-14 1 STEVE DEBRETTO 999009999 1 QUINN DUGAN P02267768 6082741980 2023-11-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE DEBRETTO 320 N DAMEN AVENUE 1ST FLOOR CHICAGO IL 60612 8831961 0 X INDUSTRIALCOUNCIL.COM X 1984 IL STRENGTHEN COMPANIES IN THE KINZIE INDUSTRIAL CORRIDOR AND FACILITATE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING SERVICES AND INCUBATOR SPACE. 15 15 43 16 0 0 979824 2281565 5998433 6498028 43111 11543 10000 40825 7031368 8831961 0 0 0 0 2682107 2778393 0 0 2258091 4785889 6002059 7467996 8780452 -436628 51509 18846941 34041028 4136368 19433388 14710573 14607640 STRENGTHEN COMPANIES IN THE KINZIE INDUSTRIAL CORRIDOR AND FACILITATE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING SERVICES AND INCUBATOR SPACE. 0 0 4412150 0 6109121 RENT SPACE TO TENANTS AND PROVIDE BUSINESS DEVELOPMENT SERVICES. 1077512 0 388907 PROVIDE BUSINESS RETENTION SERVICES TO COMPANIES IN THE NEARWEST SIDE AND IN THE INCUBATOR TO STRENGTHEN BUSINESS AND RETAIN JOBS. PROVIDE TRAINING TO LOW-INCOME RESIDENTS OF CHICAGO (INCLUDING CULINARY TRAININGS AND COMPUTER TRAINING). 5489662 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X TIFFANY EDDINGS 3124213941 320 N DAMEN AVENUE 1ST FLOOR CHICAGO IL 60612 UNAH CHOI PRESIDENT 2.00 X X 0 0 0 CALVIN GIN VICE PRESIDENT 2.00 X X 0 0 0 KELLY DEADY SECRETARY 2.00 X X 0 0 0 TIM GARCIA TREASURER 2.00 X X 0 0 0 EVERETT BELL VICE TREASURER 2.00 X X 0 0 0 DAVID AVRAM MEMBER 2.00 X 0 0 0 JUAN AYALA MEMBER 2.00 X 0 0 0 ANDY BIZUB MEMBER 2.00 X 0 0 0 HARVEY CAMINS MEMBER 2.00 X 0 0 0 MARCIA HUNDT MEMBER 2.00 X 0 0 0 SIMONE MITCHELL-PETERSON MEMBER 2.00 X 0 0 0 JOE WEIN MEMBER 2.00 X 0 0 0 ANDREW WIELGUS MEMBER 2.00 X 0 0 0 SHOUSHANA YARBROUGH MEMBER 2.00 X 0 0 0 EDWARD YOU MEMBER 2.00 X 0 0 0 STEVE DEBRETTO EXECUTIVE DIRECTOR 40.00 X 180370 0 7085 PRISCILLA TORRENCE CHIEF WORKFORCE DEVELOPMENT OFFICER 40.00 X 102544 0 1657 NATALIE SHMULIK CHIEF STRATEGY AND INCUBATION OFFICER 40.00 X 140688 0 1624 ROBERT CLIMACK CHIEF FACILITIES OFFICER 40.00 X 100642 0 0 524244 0 10366 4 0 1 0 0 49491 2232074 2281565 BASE RENT 531120 6109121 6109121 MANAGEMENT FEES 531310 185000 185000 SPECIAL EVENTS 900099 118002 118002 SERVICE FEES 900099 85905 85905 6498028 11543 11543 40825 40825 40825 8831961 6498028 0 52368 187455 81499 26126 79830 2157198 936153 301080 919965 45775 20832 6150 18793 194329 68482 31031 94816 193636 86056 26527 81053 51699 51699 92089 92089 32282 19369 3551 9362 59260 59260 164729 86725 36418 41586 102080 61248 11229 29603 4260177 3145743 306469 807965 47444 28569 5191 13684 19776 19776 70920 42552 7801 20567 402247 241348 44247 116652 255405 244423 3020 7962 BAD DEBT 71787 71787 EMERGENCY FUNDS 49478 49478 322686 298149 8284 16253 8780452 5489662 1032699 2258091 3628731 3163700 0 54918 418439 761895 131556 94649 19538149 9920311 9304316 9617838 497993 420608 0 4579459 4865906 15347961 18846941 34041028 172232 1211507 316761 122951 0 17447738 3647375 651192 4136368 19433388 X 14710573 14344011 263629 14710573 14607640 18846941 34041028 51509 -154442 0 X 0 1 X 1 0 X 2618651 1925796 1515218 979824 2281565 9321054 2618651 1925796 1515218 979824 2281565 9321054 479626 8841428 16 289 878 685 11543 13411 9039 9039 40825 40825 9384329 16606174 0.94210 0.99950 X 0.99950 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 289000 289000 18386321 9248627 9137694 39747 39747 0 737648 631937 105711 85433 85433 9617838 OTHER SECURITITES 4579459 F 4579459 DEFERRED REVENUE 274154 RIGHT-OF-USE ASSET 15073807 15347961 SECURITY DEPOSITS 651192 651192 X 8677519 -154442 -154442 8831961 0 8831961 8780452 0 8780452 0 8780452 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022. X X 0 0 0 0 0 0 0 0 0 STEVE DEBRETTO EXECUTIVE DIRECTOR 176300 0 4070 0 0 0 0 0 7085 0 187455 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B COPY OF FORM 990 WAS DISTRIBUTED VIA EMAIL TO BOARD MEMBERS TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBER RESPONSES ON A YEARLY BASIS TO CONFLICT OF INTEREST STATEMENT. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT EXISTS, AND IF ONE DOES, THE PERSON WITH THE CONFLICT ABSTAINS FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCE COMMITTE CONDUCTS PERFORMANCE REVIEWS OF THE EXECUTIVE DIRECTOR. THE BOARD PERIODICALLY OBTAINS AN INDEPENDENT ANALYST'S REPORT WITH MARKET COMPARABILITY DATA FOR THE EXECUTIVE DIRECTOR'S SALARY. THE LAST ONE PROCURED PRIOR TO 2022 WAS IN 2020. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST THE GOVERNING DOUCMENTS WILL BE MADE AVAILABLE.