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Naiop Chicago INC

Not tax-deductible

Chicago, IL501(c)(6)Mutual / membership EIN 36-3588706Revenue $1.0M in FY2025Latest return filed Apr 13, 2026

On file with the IRSnaiopchicago.org1700 W Irving Park Rd Ste 208, 60613-2599 · Chicago, ILTax-exempt since Apr 1990

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Provide information, education, and opportunities for persons and organizations interested in the development and ownership of industrial and office properties in the chicagoland area.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $114K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
50%
of spending
Worth a look: 50% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-11% vs prior year
Spent
$890K
To programs
50%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$1.0M
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$478K
FY2022$904K
FY2023$931K
FY2024$1.2M
FY2025$1.0M
Expenses
$890K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$414K
FY2021$408K
FY2022$724K
FY2023$841K
FY2024$944K
FY2025$890K
Net assets
$1.4M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$639K
FY2021$710K
FY2022$889K
FY2023$979K
FY2024$1.2M
FY2025$1.4M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $447K Management & general 50% · $443K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Cynthia a McSherry
Executive Di
$0Pt VII · Sec A
Aaron Martell
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Matt Robertson
President El
$0Pt VII · Sec A
$0Pt VII · Sec A
See Naiop Chicago INC executive salaries →

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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

Educates and connects people interested in developing Chicagoland industrial and office properties.

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Provided by the organization

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2 programs · $447K · in their own filed words · FY2025
01

Foster business opportunities

$343Kprogram expense
02

Educational programming

$104Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $22K · 2020–2021
Depaul UniversityIL · FY2021$7,500
Depaul UniversityIL · FY2020$7,500
Roosevelt UniversityIL · FY2020$7,500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$1.0M
Money outPt IX
$890K
Ln 25
Programscol B$447K
Managementcol C$443K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.0M
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.4M
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$273K$273K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$33K$23K$10K
Information technologyLn 14$919$919
OccupancyLn 16$14K$14K
TravelLn 17$566$566
Conferences, conventions and meetingsLn 19$437K$424K$13K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$114K$114K
Total functional expensesLn 25$890K$447K$443K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 13, 2026 $1.0M$890K$151K$1.4M 990 PDF
FY2024Filed with the IRS Apr 16, 2025 $1.2M$944K$231K$1.2M 990 PDF
FY2023Filed with the IRS Mar 15, 2024 $931K$841K$89K$979K 990 PDF
FY2022Filed with the IRS Apr 8, 2023 $904K$724K$179K$889K 990 PDF
FY2021Filed with the IRS Apr 11, 2022 $478K$408K$71K$710K 990 PDF
FY2020Filed with the IRS Mar 22, 2021 $377K$414K−$37K$639K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,041,325 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,175,827$1,041,325
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,175,827$1,041,325
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $944,400$889,997
I-18 Total expensesPrior year $944,400$889,997
I-19 Revenue less expensesPrior year $231,427$151,328
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,041,325 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,041,325$1,041,325
VIII-12 Total revenueRelated to mission $1,041,325$1,041,325
Part IX · Statement of functional expenses $889,997 across 10 lines filed
IX-11a Management feesManagement $272,507$272,507
IX-11c Accounting feesManagement $7,200$7,200
IX-12 Advertising and promotionManagement $6,883$6,883
IX-13 Office expensesPrograms $23,108 · Management $10,072$33,180
IX-14 Information technologyManagement $919$919
IX-16 OccupancyManagement $13,677$13,677
IX-17 TravelManagement $566$566
IX-19 Conferences, conventions and meetingsPrograms $423,564 · Management $12,970$436,534
IX-23 InsuranceManagement $4,472$4,472
IX-24 Other expenses (24a–d)Management $114,059$114,059
IX-25 Total functional expensesPrograms $446,672 · Management $443,325 · Fundraising $0$889,997
Part X · Balance sheet $1,361,361 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,210,033$1,361,361
X-16 Total assetsStart of year $1,210,033$1,361,361
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,210,033$1,361,361
X-33 Total liabilities and net assetsStart of year $1,210,033$1,361,361
Part XI · Reconciliation of net assets $1,361,361 net assets at year end
XI-1 Total revenue$1,041,325
XI-2 Total expenses$889,997
XI-3 Revenue less expenses$151,328
XI-4 Net assets at start of year$1,210,033
XI-10 Net assets at end of year$1,361,361

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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