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Choose Chicago Foundation FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2012Community DevelopmentEIN 45-4847768Revenue $75K in FY2020

On file with the IRS301 East Cermak Road, 60616-1578 · Chicago, ILTax-exempt since Mar 2013Publicly supported charity — 170(b)(1)(A)(vi)

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The Choose Chicago Foundation accelerates the civic, cultural, and economic growth of Chicago through travel and tourism initiatives.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $41K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
248 mo
of spending, in cash
Looks good: 247.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$50K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$75K
Spent
$32K
To programs
0%
Net assets
$619K
By yearFY2020–FY2024
Revenue
$75K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$75K
FY2021$2.5M
FY2022$8K
FY2023$8.1M
FY2024$9.2M
Expenses
$32K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$32K
FY2021$2.4M
FY2022$142K
FY2023$210K
FY2024$17.0M
Net assets
$619K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$619K
FY2021$760K
FY2022$626K
FY2023$8.5M
FY2024$780K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2013.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $32K

Form 990 Part IX, line 25. 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
David Whitaker
President and CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Glenn Eden
Chairman
$0Pt VII · Sec A
Alpana Singh
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Choose Chicago Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts Chicago's growth by promoting travel and tourism.

Questions for Choose Chicago Foundation

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Choose chicago foundation showcases the city of chicago as a premiere destination for domestic and international visitors and provides exposure to the city's cultural events and the performing, visual, and public arts. These activities are intended to provide community improvement through the economic vitality of city cultural events.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Labor-Management Union Carpentry Cooperation Promotion FundFY2025$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 22 grants · $2.6M · 2021–2023
Development Now for ChicagoIL · FY2023$102,221
Chicago Neighborhood Initiatives INCIL · FY2023$85,000
Depaul UniversityIL · FY2023$5,000
National Louis UniversityIL · FY2023$5,000
South Shore Chamber Community Development CorporationIL · FY2022$48,000
Woodlawn Chamber of CommerceIL · FY2022$12,000
Uptown UnitedIL · FY2022$11,000
Puerto Rican Cultural CenterIL · FY2021$255,500
Uptown UnitedIL · FY2021$250,000
South Chicago Parents and Friends INCIL · FY2021$250,000
Back of the Yards Neighborhood CouncilIL · FY2021$250,000
Rogers Park Business AllianceIL · FY2021$250,000
Greater Chatham Initiative INCIL · FY2021$220,000
Northwest Side Community Development CorIL · FY2021$220,000
Austin Chamber of CommerceIL · FY2021$142,800
Little Village Community FoundationFY2021$100,000
West Ridget Chamber of CommerceIL · FY2021$100,000
Morgan Park-Beverly Hills Business AssociationIL · FY2021$75,000
See all 22 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$75K
Ln 12
Gifts and grantsLn 1h$75K
Investment incomeLn 3$188
Money outPt IX
$32K
Ln 25
Managementcol C$32K
Owns and owesPt X
$619K
net assets · Ln 32
Cash and savingsLn 1–2$669K
Total assetsLn 16$669K
LiabilitiesLn 26$50K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Investment incomeLn 3$188
Total revenueLn 12$75K
Assets in detailPt X, end of year
CashLn 1$386K
SavingsLn 2$283K
Cash and savings togetherLn 1–2$669K
Total assetsLn 16$669K
LiabilitiesLn 26$50K
Net assetsLn 32$619K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$641K$669K
Total assetsLn 16$652K$669K
LiabilitiesLn 26$76K$50K
Net assetsLn 32$576K$619K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$15$15
Office expensesLn 13$532$532
TravelLn 17$530$530
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$32K$0$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $9.2M$17.0M−$7.7M$780K 990 PDF
FY2023 $8.1M$210K$7.9M$8.5M 990 PDF
FY2022 $8K$142K−$134K$626K 990 PDF
FY2021 $2.5M$2.4M$141K$760K 990 PDF
FY2020 Viewing $75K$32K$43K$619K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $75,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $149,295$75,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,116$188
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $150,411$75,188
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,102$32,417
I-18 Total expensesPrior year $12,102$32,417
I-19 Revenue less expensesPrior year $138,309$42,771
Part VI · Governance 0 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $75,188 across 4 lines filed
VIII-1f All other contributions, gifts and grants$75,000
VIII-1h Total contributions, gifts and grants$75,000
VIII-3 Investment incomeExcluded from tax $188$188
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $188$75,188
Part IX · Statement of functional expenses $32,417 across 5 lines filed
IX-11c Accounting feesManagement $15$15
IX-13 Office expensesManagement $532$532
IX-17 TravelManagement $530$530
IX-24 Other expenses (24a–d)Management $26,540$26,540
IX-24e All other expensesManagement $4,800$4,800
IX-25 Total functional expensesPrograms $0 · Management $32,417 · Fundraising $0$32,417
Part X · Balance sheet $668,538 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $360,758$385,542
X-2 Savings and temporary cash investmentsStart of year $279,996$282,996
X-4 Accounts receivableStart of year $10,800$0
X-16 Total assetsStart of year $651,554$668,538
X-17 Accounts payable and accrued expensesStart of year $741$0
X-19 Deferred revenueStart of year $75,000$50,000
X-26 Total liabilitiesStart of year $75,741$50,000
X-27 Net assets without donor restrictionsStart of year $575,813$618,538
X-32 Total net assets or fund balancesStart of year $575,813$618,538
X-33 Total liabilities and net assetsStart of year $651,554$668,538
Part XI · Reconciliation of net assets $618,538 net assets at year end
XI-1 Total revenue$75,188
XI-2 Total expenses$32,417
XI-3 Revenue less expenses$42,771
XI-4 Net assets at start of year$575,813
XI-8 Prior period adjustments−$46
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$618,538

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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