2025-08-01T10:40:13-05:00 2024-12-31 390758449 WIPFLI LLP 2501 W BELTLINE HWY STE 501 MADISON WI 53713 990 2024-01-01 363312341 INDUSTRIAL COUNCIL OF NEARWEST CHICAGO INDU 3124213941 320 N DAMEN AVENUE 1ST FLOOR CHICAGO IL 60612 MARIA MORAN CEO 3124213941 2025-07-31 1 1 QUINN DUGAN P02267768 6082741980 2025-07-31 2024 2025-03-06 01:10:19Z MARIA MORAN 320 N DAMEN AVENUE 1ST FLOOR CHICAGO IL 60612 8822239 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 47 15 0 0 2008238 1947291 6540568 6820133 16606 21751 46901 33064 8612313 8822239 0 0 0 0 3072605 3265406 0 50000 530261 6735032 6906550 9807637 10221956 -1195324 -1399717 32080463 30205467 18871507 18613072 13208956 11592395 STRENGTHEN COMPANIES IN THE KINZIE INDUSTRIAL CORRIDOR AND FACILITATE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING SERVICES AND INCUBATOR SPACE. 0 0 5207276 0 6635921 RENT SPACE TO TENANTS AND PROVIDE BUSINESS DEVELOPMENT SERVICES. 2908500 0 184212 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). 8115776 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 47 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 (THRU MAR 2024) 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 MARIA MORAN MEMBER 2.00 X 0 0 0 KIM STAPLETON MEMBER 2.00 X 0 0 0 JOSEPH WEIN MEMBER 2.00 X 0 0 0 ANDREW WIELGUS MEMBER (THRU MAR 2024) 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 197153 0 6332 NATALIE SHMULIK CHIEF STRATEGY AND INCUBATION 40.00 X 158561 0 3629 ROBERT CLIMACK CHIEF FACILITIES OFFICER 40.00 X 114771 0 0 PRISCILLA TORRENCE CHIEF WORKFORCE DEVELOPMENT 40.00 X 110323 0 2657 580808 0 12618 4 0 1 0 0 46852 1900439 1947291 BASE RENT 531120 6450921 6450921 MANAGEMENT FEES 531310 185000 185000 SPECIAL EVENTS 900099 148203 148203 SERVICE FEES 900099 36009 36009 6820133 21751 21751 33064 33064 33064 8822239 6820133 0 54815 203485 162789 28487 12209 2527560 2022046 353858 151656 46833 37466 6557 2810 247119 197695 34597 14827 240409 192327 33657 14425 50578 50578 123627 123627 50000 50000 12573 10059 1761 753 79687 70662 6769 2256 176515 115263 52152 9100 194977 148182 35096 11699 4315178 3421848 669999 223331 38268 29084 6888 2296 70971 53938 12775 4258 391924 297862 70546 23516 355363 348016 5510 1837 PROGRAMS AND EVENTS 941566 941566 STAFF DEVELOPMENT 48460 36829 8723 2908 DUES AND SUBSCRIPTIONS 35933 27309 6468 2156 BAD DEBT EXPENSE 27387 27387 43543 2835 40484 224 10221956 8115776 1575919 530261 1581827 1244173 537574 74734 349538 486687 21997 50755 20683369 10717871 10106883 9965498 477880 522760 4330959 4083341 14673805 13777519 32080463 30205467 1175602 1473558 123377 134998 2062865 2026786 15509663 14977730 18871507 18613072 X 12621243 11342088 587713 250307 13208956 11592395 32080463 30205467 -1399717 -216844 0 X 0 1 X 1 0 X 1515218 979824 2281565 2008238 1947291 8732136 1515218 979824 2281565 2008238 1947291 8732136 2124216 6607920 878 685 11543 16606 21751 51463 40825 46901 33064 120790 8904389 28334069 0.74210 0.89840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 289000 289000 19443262 9974448 9468814 39747 39747 0 825927 703676 122251 85433 85433 9965498 OTHER SECURITITES 4083341 F 4083341 DEFERRED RENT RECEIVABLE 239919 RIGHT-OF-USE ASSET 13537600 13777519 SECURITY DEPOSITS 661207 OPERATING LEASE OBLIGATION 14316523 14977730 X 8605395 -216844 -216844 8822239 0 8822239 10221956 0 10221956 0 10221956 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, 2024. X 1 REGIONERATE LLC 5219 ELSMERE AVE BETHESDA MD 20814 SUPPORT OF FUNDRAISING INITIATIVES 0 0 50000 0 50000 IL X X 0 0 0 0 0 0 0 0 0 STEVE DEBRETTO EXECUTIVE DIRECTOR 197153 0 0 0 0 0 0 0 6332 0 203485 0 0 0 NATALIE SHMULIK CHIEF STRATEGY AND INCUBATION 158561 0 0 0 0 0 0 0 3629 0 162190 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 COMMITTEE 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.