2025-11-14T18:14:06-06:00 2024-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-01-01 454847768 CHOOSE CHICAGO FOUNDATION CHOO 3125678560 301 EAST CERMAK ROAD CHICAGO IL 60616 JAMES MEYER CFO 3125678560 2025-11-14 1 0 ERIC HARRISON P01916785 2127094500 2025-11-14 2024 2025-03-06 01:10:19Z JAMES MEYER 301 EAST CERMAK ROAD CHICAGO IL 60616 9238879 0 X N/A X 2012 IL THE CHOOSE CHICAGO FOUNDATION ACCELERATES THE CIVIC, CULTURAL, AND ECONOMIC GROWTH OF CHICAGO THROUGH TRAVEL AND TOURISM INITIATIVES. 5 5 0 0 0 0 8079744 9062449 0 0 16278 175430 -2240 -2996 8093782 9234883 197231 16937073 0 0 0 0 0 0 0 12488 27462 209719 16964535 7884063 -7729652 8510181 782051 210 1733 8509971 780318 THE CHOOSE CHICAGO FOUNDATION ACCELERATES THE CIVIC, CULTURAL, AND ECONOMIC GROWTH OF CHICAGO THROUGH TRAVEL AND TOURISM INITIATIVES. 0 0 16937073 16937073 THE CHOOSE CHICAGO FOUNDATION STRATEGICALLY PROMOTES EQUITY, DIVERSITY, AND INCLUSION INITIATIVES THAT BENEFIT YOUTH, COMMUNITY, AND WORKFORCE DEVELOPMENT. THE FOUNDATION WILL OFFER FINANCIAL SUPPORT AND LONG-TERM TRAINING OPPORTUNITIES FOR ETHNICALLY AND ECONOMICALLY DIVERSE COMMUNITIES FOR ADVANCEMENT WITHIN THE HOSPITALITY AND TOURISM INDUSTRY. 16937073 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X W JAMES MEYER 3125678500 301 CERMAK RD CHICAGO IL 60616 W JAMES MEYER CFO 1.00 40.00 X X 0 258791 7979 ROSILYNN STUTTLY DIRECTOR 15.00 25.00 X X 0 0 0 RICH GAMBLE INTERIM PRESIDENT AND CEO 0.50 40.00 X 0 368124 2472 JUAN LEYVA BOARD CHAIR 0.00 0.00 X 0 0 0 LACAEL PALMER DIRECTOR 0.00 0.00 X 0 0 0 AL ORENDORFF DIRECTOR 0.00 0.00 X 0 0 0 SANDI ROBINSON DIRECTOR 0.00 0.00 X 0 0 0 HAMED HASMY DIRECTOR 0.00 0.00 X 0 0 0 LYNN OSMOND PRESIDENT AND CEO 0.50 40.00 X 0 570095 2353 0 1197010 12804 0 1 1 0 0 28854 9033595 9062449 175430 175430 0 28854 3996 -3996 -3996 MISC INCOME 900099 1000 1000 1000 9234883 0 0 172434 16937073 16937073 17106 17106 2867 2867 7003 7003 SUNDRY 486 486 16964535 16937073 27462 0 8200267 458953 307450 323098 2464 0 8510181 782051 210 1733 210 1733 X 8509971 780318 8509971 780318 8510181 782051 -7729652 0 X X 0 1 X 1 0 X 75000 2550000 8071344 9033595 19729939 75000 2550000 8071344 9033595 19729939 8359258 11370681 188 16278 175430 191896 1000 1000 19922835 0.57070 0.21450 X CHOOSE CHICAGO FOUNDATION MAINTAINS A CONTINUOUS AND BONAFIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND LOCAL CORPORATE COMMUNITY. IN ADDITION, THE FOUNDATION HOLDS AN ANNUAL FUNDRAISING EVENT WHICH IS OPEN TO THE GENERAL PUBLIC, PAST DONORS AND PAST SCHOLARSHIP RECIPIENTS. (THE FIRST SUCH EVENT WAS HELD IN FALL OF 2024).CHOOSE CHICAGO FOUNDATION PROVIDES SCHOLARSHIPS TO ELIGIBLE STUDENTS IN DISADVANTAGED NEIGHBORHOODS WHO ARE PURSUING AN INTEREST IN THE HOSPITALITY INDUSTRY. THE FOUNDATION ALSO PROVIDES EDUCATIONAL OPPORTUNITIES TO MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS TO INTRODUCE THEM TO THE HOSPITALITY INDUSTRY VIA SPONSORED FIELDTRIPS AND MEETINGS WITH HOSPITALITY PROFESSIONALS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 9238879 3996 3996 9234883 0 9234883 16968532 3996 3996 16964536 0 16964536 PART X, LINE 2: CHOOSE CHICAGO FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THERE ARE NO UNCERTAIN TAX POSITIONS BY CHOOSE CHICAGO AS OF DECEMBER 31, 2024 AND 2023. CHOOSE CHICAGO'S MANAGEMENT BELIEVES THAT TAX RETURNS ARE NO LONGER SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES FOR YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 3,996. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 3,996. 1 PART I, LINE 2: FORM 990, SCHEDULE I DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS FORM 990, SCHEDULE I DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE RECEPIENT ORGANIZATIONS ARE REQUIRED TO A) SUBMIT TO GRANTOR A REPORT WITHIN 120 DAYS OF THE EFFECTIVE DATE DETAILING THE PROJECT AND ANALYZING THE IMPACT OF THE PROJECT. B) GRANTEE SHALL ALSO SUBMIT SUCH OTHER REPORTS OR INFORMATION THE GRANTOR MAY REQUIRE FROM TIME TO TIME REQUIRE. C) GRANTEE SHALL MAINTAIN ALL RECORDS IN RELATION TO THE PROJECT AND THE EXPENDITURE OF THE GRANT FUNDS FOR THREE YEARS FOLLOWING THE EFFECTIVE DATE. 1 0 0 0 0 0 0 0 0 LYNN OSMOND PRESIDENT AND CEO 0 0 0 86000 0 484095 0 0 0 1199 0 571294 0 0 RICH GAMBLE INTERIM PRESIDENT AND CEO 0 368124 0 0 0 0 0 0 0 15205 0 383329 0 0 W JAMES MEYER CFO 0 258791 0 0 0 0 0 0 0 13148 0 271939 0 0 PART I, LINE 3 THE CEO'S COMPENSATION, PAID BY THE CHICAGO CONVENTION AND TOURISM BUREAU, IS DETERMINED AS A PART OF THEIR WRITTEN EMPLOYMENT AGREEMENT WHICH WAS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE PRIOR TO EXECUTION. PART I, LINE 4A LYNN OSMOND TOTAL COMP = $573,647. SEVERANCE TOTALED $405,992 (THIS IS INCLUDED IN THE TOTAL COMP AMOUNT) 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 11B THE ORGANIZATION PROVIDES A COPY 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 GOVERN IN G 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 ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ON GUIDESTAR'S WEBSITE AND THE ILLINOIS ATTORNEY GENERAL WEBSITE. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CHICAGO CONVENTION AND TOURISM BUREAU 301 E CERMAK ROAD CHICAGO IL 60616 362704879 SEE PART VII IL 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CHICAGO CONVENTION AND TOURISM BUREAU N ALLOCATION OF COSTS CHICAGO CONVENTION AND TOURISM BUREAU O ALLOCATION OF COSTS SCHEDULE R PART II COLUMN (B) - PRIMARY ACTIVITY TO ACCELERATE THE CIVIC, CULTURAL AND ECONOMIC GROWTH OF CHICAGO THROUGH TRAVEL AND TOURISM INITIATIVES.