Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1931.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
58 people listed on the 990; $407K paid to officers and key staff.
Michael Edwards’s $238K as President is at the 76th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael Edwards | $237,771 | $196,314 | $169,185 | $223,772 | — |
| Abel Rodriguez | $169,419 | $157,387 | $153,595 | — | $77,984 |
| Michael M Edwards | — | — | — | — | $141,258 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Develops and promotes urban experiences to draw people and investment to the Loop.
Questions for Chicago Loop Alliance
Your first name shows with your question. Chicago Loop Alliance answers here, for everyone.
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Promotion of commercial and economic prosperity of state street, chicago illinois, sidewalk maintenance and beautification. Supported by property taxes levied on neighborhood commercial properties which are collected by the city of chicago.
Events and promotions for visitors to the central business district of chicago.
Marketing activities that bring media attention to the loop.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $109K | $410K |
| Land, buildings, equipmentLn 10c | $28K | $29K |
| Total assetsLn 16 | $1.7M | $920K |
| LiabilitiesLn 26 | $1.3M | $533K |
| Net assetsLn 32 | $396K | $387K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $364K | $273K | $91K | |
| Payroll taxesLn 10 | $106K | $89K | $17K | |
| Legal feesLn 11b | $441 | $441 | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Other fees for servicesLn 11g | $147K | $68K | $80K | |
| Advertising and promotionLn 12 | $31K | $31K | ||
| Office expensesLn 13 | $55K | $41K | $13K | |
| OccupancyLn 16 | $28K | $21K | $7K | |
| Conferences, conventions and meetingsLn 19 | $12K | $3K | $9K | |
| Depreciation, depletion and amortizationLn 22 | $6K | $3K | $4K | |
| InsuranceLn 23 | $9K | $3K | $5K | |
| Other expenses (24a–d)Ln 24 | $637K | $606K | $31K | |
| All other expensesLn 24e | $27K | $2K | $25K | |
| Total functional expensesLn 25 | $1.4M | $1.1M | $294K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.4M | $1.4M | −$9K | $387K | 990 PDF |
| FY2023 | $1.8M | $1.9M | −$110K | $396K | 990 PDF |
| FY2022 | $4.7M | $4.3M | $366K | $4.1M | 990 PDF |
| FY2021 | $3.5M | $3.3M | $184K | $1.2M | 990 PDF |
| FY2020 | $3.3M | $2.9M | $347K | $1.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,426,087 revenue, 12 lines filed
Part VI · Governance 46 of 46 board members independent, 4 to look at
Part VIII · Statement of revenue $1,426,087 across 4 lines filed
Part IX · Statement of functional expenses $1,435,004 across 13 lines filed
Part X · Balance sheet $920,500 assets, 12 lines filed
Part XI · Reconciliation of net assets $387,421 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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