2025-12-18T10:37:18-06:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2024-07-01 363406446 THE COMMERCIAL CLUB FOUNDATION COMM 3128531200 190 SOUTH LASALLE STREET 39TH FLOO CHICAGO IL 60603 CORDELIA C MEYER EXECUTIVE VICE PRESIDENT 3128531200 2025-12-18 1 0 DANIEL ROMANO P00504182 3128560200 2024 2025-03-06 01:10:19Z CORDELIA C MEYER 190 SOUTH LASALLE STREET 39TH FLOOR CHICAGO IL 60603 23386609 0 X WWW.COMMERCIALCLUBCHICAGO.ORG X 1985 IL SEE SCHEDULE OTHE FOUNDATION WAS ORGANIZED TO FUND ACTIVITIES OF THE CIVIC COMMITTEE & ITS AFFILIATED ORGS IN THEIR MISSIONS TO MAKE CHICAGO A BETTER PLACE FOR EVERYONE TO LIVE, WORK, & DO BUSINESS. 4 3 10 4 0 0 31425641 21302624 0 0 163828 218647 -40916 0 31548553 21521271 6757868 15302123 0 0 218932 412164 0 0 422840 220854 377394 7197654 16091681 24350899 5429590 28921873 44423153 1106035 11102997 27815838 33320156 X SEE SCHEDULE O 0 0 15302123 15302123 THE FOUNDATION FUNDS ACTIVITIES OF THE CIVIC COMMITTEE OF THE COMMERCIAL CLUB OF CHICAGO AND ITS RELATED AND AFFILIATED ORGANIZATIONS IN THEIR MISSION TO MAKE THE CHICAGO REGION A BETTER PLACE FOR EVERYONE TO LIVE, WORK, AND DO BUSINESS. 160471 0 THE FOUNDATION PURSUES LEGISLATIVE ACTIONS ON BEHALF OF THE AFFILIATED ORGANIZATIONS IN THE CITY OF CHICAGO AND THE STATE OF ILLINOIS. 15462594 1 1 0 1 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 1 1 0 0 0 IL X MS CORDELIA C MEYER 3128531200 190 SOUTH LASALLE STREET 39TH FLOOR CHICAGO IL 60603 DEREK RB DOUGLAS DIRECTOR/PRESIDENT 6.00 34.00 X X 155824 883004 68233 JENNIFER SCANLON DIRECTOR/CHAIRMAN 1.00 4.00 X X 0 0 0 MICHAEL O'GRADY DIRECTOR/VICE CHAIRMAN 1.00 4.00 X X 0 0 0 STEVE KOCH SECRETARY 1.00 3.00 X 0 0 0 SCOTT SWANSON TREASURER 1.00 3.00 X 0 0 0 CORDELIA C MEYER EXECUTIVE VICE PRESIDENT 5.00 37.00 X 55940 391580 46504 SARAH POWELL ACCOUNTING MANGER 3.00 25.00 X 10716 96445 5358 NIKA LEVANDO BIRMAN CHIEF OF STAFF 2.00 38.00 X 8523 161940 12566 SUZANNE FISHER VP, FINANCE & ADMIN 4.00 28.00 X 23764 166347 45613 254767 1699316 178274 0 0 1 0 MATTHEW O'SHEA CONSULTING INC 123 E OGDEN AVE STE 101A HINSDALE IL 60521 LEGISLATIVE SUPPORT 160329 0 21302624 21302624 130491 130491 1953494 1865338 88156 88156 88156 21521271 0 0 218647 15302123 15302123 253079 253079 121620 5855 15755 100010 3113 293 788 2032 17262 402 1776 15084 17090 272 1108 15710 7000 7000 23439 23439 147996 147996 123 123 3884 1603 2281 18250 1584 16666 140393 123771 16622 57 57 15315 13959 1356 7551 7551 MISCELLANEOUS EXPENSES 7733 7733 BAD DEBT 5653 5653 16091681 15462594 206247 422840 97328 83757 2662298 15706995 22125685 24276487 6949 5546 697 685 142272 17739 138374 124533 2999033 3410322 891509 814828 28921873 44423153 42489 35674 1063546 11067323 1106035 11102997 X 2332953 2884435 25482885 30435721 27815838 33320156 28921873 44423153 5429590 74728 0 X 0 1 X 1 0 X 4344750 4686750 6026500 31425641 21302624 67786265 4344750 4686750 6026500 31425641 21302624 67786265 19037346 48748919 315523 299901 341125 323182 130491 1410222 69196487 0.70450 0.62310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160471 160471 15302123 15462594 923130 230783 0 0 420195 420409 495356 923130 2259090 3388635 147996 150068 148619 160471 607154 105049 105102 123839 230783 564773 847160 10000 X 0 10660 2100 8560 121612 15639 105973 10000 10000 124533 DUE TO RELATED ORGANIZATION: CIVIC 709518 OPERATING LEASE LIABILITY 1057805 FUNDS HELD FOR OTHERS 9300000 11067323 X 21662639 74728 66640 141368 21521271 0 21521271 16158321 66640 66640 16091681 0 16091681 PART X, LINE 2: SCHEDULE D, PART X, LINE 2 FASB ASC 740 FOOTNOTE - LIABILITY FOR UNCERTAIN TAX POSITION THE FOUNDATION WAS ORGANIZED AND INCORPORATED IN ILLINOIS AS A NOT-FOR-PROFIT ORGANIZATION IN 1985. THE ORGANIZATION HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE TAX POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS, AND THERE IS NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES. SCHEDULE D, PART III, LINE 4 DONATED ARTWORK THE ORGANIZATION HAS ONE PIECE OF FINE ARTWORK DONATED TO THE ORGANIZATION IN A PRIOR YEAR. THIS PIECE WAS CREATED AS PART OF THE ESTABLISHMENT OF CHICAGO METROPOLIS 2020 - FORMERLY AN AFFILIATED ORGANIZATION. THE ARTWORK IS HUNG IN THE OFFICE FOR OFFICE AESTHETICS. DONATED FINE ART WAS VALUED BASED ON THE DONOR'S APPRAISAL AND IS NOT BEING DEPRECIATED, SINCE THE ITEM HAS NO DETERMINABLE USEFUL LIFE. 1 THE COMMERCIAL CLUB OF CHICAGO 190 S LASALLE ST 39TH FLOOR CHICAGO IL 60603 362197847 501 (C) (4) 7433903 0 GENERAL SUPPORT UNIVERSITY OF CHICAGO CRIME LABS 5720 S ELLIS AVENUE CHICAGO IL 60637 362177139 501 (C) (3) 2535050 0 GENERAL SUPPORT ROBERT R MCCORMICK FOUNDATION 205 N MICHIGAN AVENUE SUITE 4300 CHICAGO IL 60601 363689171 501 (C) (3) 2000000 0 GENERAL SUPPORT CHICAGO COMMUNITY TRUST 225 N MICHIGAN AVENUE SUITE 2200 CHICAGO IL 60601 362167000 501 (C) (3) 1860000 0 GENERAL SUPPORT CIVIC CONSULTING ALLIANCE 190 S LASALLE ST 39TH FLOOR CHICAGO IL 60603 450467524 501 (C) (3) 1243109 0 GENERAL SUPPORT P33 1234 W FULTON ST CHICAGO IL 60607 832851368 501 (C) (3) 200000 0 GENERAL SUPPORT CIVIC COMMITTEE ACTION 190 S LASALLE ST 39TH FLOOR CHICAGO IL 60603 453617415 501 (C) (4) 8695 0 GENERAL SUPPORT 5 2 SCHEDULE I, PART I, LINE 2 PROCESS FOR MONITORING GRANT FUNDS THE FOUNDATION GIVES TO RELATED, AFFILIATED, AND EXTERNAL ORGANIZATIONS. THE FOUNDATION REVIEWS THE ACTIVITIES AND FINANCIAL STATEMENTS OF RELATED AND AFFILIATED ORGANIZATIONS ON A PERIODIC BASIS, BUT NO LESS THAN MONTHLY. THE FOUNDATION MONITORS THE GRANT ACTIVITIES OF EXTERNAL ORGANIZATIONS THROUGH ACTIVE PARTICIPATION IN SUPPORTED PROJECTS. 0 0 0 0 0 0 0 0 1 1 DEREK RB DOUGLAS DIRECTOR/PRESIDENT 155000 878332 0 0 824 4672 2953 16734 7282 41264 166059 941002 0 0 CORDELIA C MEYER EXECUTIVE VICE PRESIDENT 54540 381781 0 0 1400 9799 2331 16318 3482 24373 61753 432271 0 0 SUZANNE FISHER VP, FINANCE & ADMIN 23541 164785 0 0 223 1562 1238 8664 4464 31247 29466 206258 0 0 NIKA LEVANDO BIRMAN CHIEF OF STAFF 8507 161635 0 0 16 305 37 700 591 11238 9151 173878 0 0 SCHEDULE J, PART I, LINE 3 ESTABLISH COMPENSATION THE FOUNDATION EMPLOYEES ARE COMPENSATED THROUGH A COMMON PAYMASTER BY A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE RELATED ORGANIZATION FOR ITS ALLOCATED SALARY EXPENSE. THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE. SCHEDULE J, PART I, LINE 8 FIXED PAYMENTS ASSOCIATED WITH THE CONTRACT ENTERED INTO WITH THE PRESIDENT ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. THE TERMS OF THE CONTRACT WERE NEGOTIATED AT AN ARM'S LENGTH AND THE PRESIDENT WAS NOT A DISQUALIFIED PERSON IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACT. PART III, LINE 1, ORGANIZATION'S MISSION STATEMENT THE COMMERCIAL CLUB FOUNDATION (FOUNDATION) WAS INCORPORATED IN 1985. THE FOUNDATION WAS ORGANIZED TO ASSIST IN FUNDING CERTAIN ACTIVITIES OF THE COMMERCIAL CLUB OF CHICAGO (CLUB), CIVIC COMMITTEE OF THE COMMERCIAL CLUB OF CHICAGO (CIVIC COMMITTEE) AND ITS AFFILIATED ORGANIZATIONS IN THEIR MISSIONS TO MAKE OUR REGION A BETTER PLACE FOR EVERYONE TO LIVE, WORK, AND DO BUSINESS. AT THE PRESENT TIME, THE RELATED AND AFFILIATED ORGANIZATIONS INCLUDE CIVIC CONSULTING ALLIANCE, CIVIC COMMITTEE ACTION, KIDS FIRST CHICAGO FOR EDUCATION (K1C), AND P33. THE FOUNDATION PURSUES LEGISLATIVE ACTIONS ON BEHALF OF THE AFFILIATED ORGANIZATIONS IN THE CITY OF CHICAGO AND THE STATE OF ILLINOIS. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES ON FORM W-3 THE NUMBER OF EMPLOYEES REPORTED (6) CORRESPONDS TO THE FOUNDATION EMPLOYEES THAT ARE COMPENSATED THROUGH A COMMON PAYMASTER BY A RELATED ORGANIZATION WHICH PROVIDES ALL WAGE/W-3 REPORTING. THE FOUNDATION REIMBURSES THE RELATED ORGANIZATION FOR ITS ALLOCATED SALARY EXPENSE. FORM 990, PART VI, SECTION A, LINE 1A COMMITTEES OF THE GOVERNING BODY THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS IN OFFICE, MAY DESIGNATE AND APPOINT ONE OR MORE COMMITTEES EACH OF WHICH SHALL CONSIST OF TWO OR MORE DIRECTORS, WHICH COMMITTEES, TO THE EXTENT PROVIDED IN SUCH RESOLUTION, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION. THE DESIGNATION AND APPOINTMENT OF ANY SUCH COMMITTEE AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF DIRECTORS, OR ANY INDIVIDUAL DIRECTOR, OF ANY RESPONSIBILITY IMPOSED BY LAW. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES THERE WERE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 THE FORM 990 WAS PREPARED BY A NATIONAL PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH MANAGEMENT AND STAFF OF THE ORGANIZATION. A DRAFT WAS THEN PROVIDED TO MANAGEMENT. MANAGEMENT AND THE TREASURER REVIEWED THE DRAFT VERSION OF THE FORM 990. SUBSEQUENT TO THEIR REVIEW, MANAGEMENT AND THE TREASURER, ALONG WITH THE COMMERCIAL CLUB'S VP, FINANCE & ADMIN DISCUSSED THE DRAFT VERSIONS WITH THE TAX PREPARERS INCLUDING ANY QUESTIONS OR NECESSARY REVISIONS. BASED ON FEEDBACK FROM THAT MEETING, THE FORM 990 WAS REVISED AS NECESSARY. THE BOARD OF DIRECTORS RECEIVED A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTOR CONFLICT OF INTEREST POLICY NO DIRECTOR OR MEMBER OF ANY COMMITTEE SHALL DERIVE ANY PERSONAL PROFIT OR GAIN, DIRECTLY OR INDIRECTLY, BY REASON OF HIS OR HER MEMBERSHIP ON THE BOARD OF DIRECTORS OR A COMMITTEE. IF A DIRECTOR OR COMMITTEE MEMBER IS DIRECTLY OR INDIRECTLY A PARTY TO ANY TRANSACTION CONSIDERED BY THE BOARD OF DIRECTORS OR A COMMITTEE, THE DIRECTOR OR COMMITTEE MEMBER SHALL DISCLOSE THE MATERIAL FACTS OF THE TRANSACTION AND THE DIRECTOR'S INTEREST OR RELATIONSHIP PRIOR TO THE APPROVAL OR RATIFICATION OF THE TRANSACTION BY THE BOARD OF DIRECTORS OR COMMITTEE, AND SHALL NOT VOTE ON THE APPROVAL OR RATIFICATION OF THE TRANSACTION. MONITORING CONFLICT OF INTEREST TRANSACTIONS THAT INVOLVE A BOARD MEMBER OR OFFICER ARE ASSESSED TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE DECISIONS REGARDING IF A CONFLICT EXISTS IS DETERMINED BY THE GOVERNING COMMITTEE OF THE ORGANIZATION. IF A CONFLICT IS IDENTIFIED, THE MEMBER THAT IT RELATES TO IS ASKED TO ABSTAIN FROM THE CONVERSATION AND ANY RELATED DECISIONS MADE. ALTHOUGH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY DOES NOT REQUIRE AN ANNUAL COMPLETION OF A CONFLICT OF INTEREST STATEMENT, EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED TO DISCLOSE ON A CONTEMPORANEOUS BASIS WHEN A CONFLICT ARISES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION APPROVAL THE FOUNDATION EMPLOYEES ARE COMPENSATED THROUGH A COMMON PAYMASTER BY A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE RELATED ORGANIZATION FOR ITS ALLOCATED SALARY EXPENSE. THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE. COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC THE FOUNDATION PROVIDES DOCUMENTS TO THE PUBLIC UPON REQUEST. COMMERCIAL CLUB OF CHICAGO 190 SOUTH LASALLE STREET 39TH FLOOR CHICAGO IL 60603 362197847 MEMBERSHIP IL 501(C)(4) N/A 0 CIVIC CONSULTING ALLIANCE 190 SOUTH LASALLE STREET 39TH FLOOR CHICAGO IL 60603 450467524 PUBLIC POLICY IL 501(C)(3) LINE 7 COM CLUB CHI 0 CIVIC COMMITTEE ACTION 190 SOUTH LASALLE STREET 39TH FLOOR CHICAGO IL 60603 453617415 PUBLIC POLICY IL 501(C)(4) COM CLUB CHI 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THE COMMERCIAL CLUB OF CHICAGO B 7433903 COST THE COMMERCIAL CLUB OF CHICAGO N 152336 COST THE COMMERCIAL CLUB OF CHICAGO O 412164 COST THE COMMERCIAL CLUB OF CHICAGO P 610921 COST