NonprofitsWorld Business Chicago

Community Improvement & Capacity Building

World Business Chicago

CHICAGO, IL

Total revenue

$13.1M

Total expenses

$13.5M

Net assets

$7.7M

Grants received

$6.0M

96 grants

EIN

364313685

Tax year

2023

Mission

World business chicago is the city of chicago's public-private economic development agency. Our mission is to drive inclusive economic growth and job creation, support business, and promote chicago as a leading global city. Our vision is to ensure that all chicagoans prosper. We drive growth through business recruitment, expansion, and retention assistance and connecting businesses to resources and opportunities. We champion chicago as a world-class city through building strategic industry partnerships, convening policy makers and leaders, and advancing opportunities for multicultural engagement. We unite leaders to advance growth in chicago's neighborhoods through talent development, procurement, and investment.

Financials

FY 2023

Revenue

Contributions & grants$12.4M
Program service revenue$864K
Investment income$68K
Other revenue
Total revenue$13.1M

Expenses

Grants paid$529K
Salaries & benefits$5.8M
Fundraising$473K
Other expenses$7.2M
Total expenses$13.5M
Total assets$11.7M
Net assets$7.7M

People

50 listed

NameRoleCompensation

MICHAEL FASSNACHT

PRESIDENT & CEO

Board

$485K

45 hrs/wk

RITA ATHAS

EX OFFICIO DIRECTOR

Board

0.25 hrs/wk

DAVID ANDALCIO

DIRECTOR

Board

0.25 hrs/wk

MELLODY HOBSON

VICE CHAIR

Board

0.5 hrs/wk

HARDIK BHATT

DIRECTOR

Board

0.25 hrs/wk

KAREN BRENNAN

DIRECTOR

Board

0.25 hrs/wk

ROZ BREWER

FORMER DIRECTOR

Board

0.25 hrs/wk

ROBERT BRONSTEIN

FORMER DIRECTOR

Board

0.25 hrs/wk

GREG BROWN

DIRECTOR

Board

0.25 hrs/wk

MARC BAUMANN

FORMER DIRECTOR

Board

0.25 hrs/wk

PETER THOMPSON

TREASURER

Board

0.5 hrs/wk

GREGORY C CASE

DIRECTOR

Board

0.25 hrs/wk

MARTIN CABRERA

DIRECTOR

Board

0.25 hrs/wk

DAVE CASPER

FORMER DIRECTOR

Board

0.25 hrs/wk

HOWARD CHRISMAN

DIRECTOR

Board

0.25 hrs/wk

FRANCO CISTERNINO

DIRECTOR

Board

0.25 hrs/wk

KEVIN COLE

DIRECTOR

Board

0.25 hrs/wk

KEVIN CONSIDINE

EX OFFICIO DIRECTOR

Board

0.25 hrs/wk

ALANNA COTTON

DIRECTOR

Board

0.25 hrs/wk

STEPHANIE CURULEWSKI

DIRECTOR

Board

0.25 hrs/wk

JAMES S CROWN

FORMER DIRECTOR

Board

0.25 hrs/wk

WENDELL DALLAS

DIRECTOR

Board

0.25 hrs/wk

KYLE DEGIULIO

DIRECTOR

Board

0.25 hrs/wk

DAVE DOHNALEK

FORMER DIRECTOR

Board

0.25 hrs/wk

DONALD EDWARDS

FORMER DIRECTOR

Board

0.25 hrs/wk

GREG BEDALOV

EX OFFICIO DIRECTOR

Board

0.25 hrs/wk

GRAHAM GRADY

DIRECTOR

Board

0.25 hrs/wk

JOHN ETTELSON

FORMER DIRECTOR

Board

0.25 hrs/wk

JOHN BUCK

FORMER DIRECTOR

Board

0.25 hrs/wk

KELLY GRAVES

DIRECTOR

Board

0.25 hrs/wk

RAJ GUPTA

FORMER DIRECTOR

Board

0.25 hrs/wk

DARRELL HACKETT

DIRECTOR

Board

0.25 hrs/wk

NINA HARDING

DIRECTOR

Board

0.25 hrs/wk

DEAN HARRISON

FORMER DIRECTOR

Board

0.25 hrs/wk

BRETT HART

DIRECTOR

Board

0.25 hrs/wk

LORI E HEALEY

DIRECTOR

Board

0.25 hrs/wk

TORRENCE HINTON

DIRECTOR

Board

0.25 hrs/wk

JOHN M HOLMES

DIRECTOR

Board

0.25 hrs/wk

MARK HOPLAMAZIAN

DIRECTOR

Board

0.25 hrs/wk

MARK A HOPPE

FORMER DIRECTOR

Board

0.25 hrs/wk

ZACHERY HOUSE

DIRECTOR

Board

0.25 hrs/wk

PAUL HSU

DIRECTOR

Board

0.25 hrs/wk

GREG HUGHES

DIRECTOR

Board

0.25 hrs/wk

TRAVIS HUNTER JR

DIRECTOR

Board

0.25 hrs/wk

DR OPELLA ERNEST

DIRECTOR

Board

0.25 hrs/wk

ABIN KURIAKOSE

STRATEGY & INNOVATION CHIEF

Staff

$157K

40 hrs/wk

KYLE SCHULZ

GROWTH CHIEF

Staff

$154K

40 hrs/wk

CARRIE SIMMONS

VP OF OPERATIONS & HR

Staff

$153K

40 hrs/wk

ADRIENNE TONGATE

EVP GLOBAL STRATEGIC INITIATIVES

Staff

$151K

40 hrs/wk

LISA DZIEKAN

EVP BUSINESS DEVELOPMENT

Staff

$145K

40 hrs/wk

Independent contractors

SHOW STRATEGY INC

POP-UP DESIGN & INSTALLATION

$357K

HUBBARD GALBRAITH LLC

ACCOUNTING & FINANCE

$168K

FROST CHICAGO

AUDIO VISUAL SERVICES & EQUIP RENTAL

$148K

BILD GROUP LLC

IT SERVICES & IT EQUIP RENTAL

$124K

YOUTH JOB CENTER INC

PROJECT STAFFING

$102K

Grants received

Showing 96 of 96

FromAmountPurposeYear
$491K
TECHNOLOGY AND INNOVATION
2024
$100K
GENERAL OPERATING SUPPORT
2024
$71K
REGIONAL BUSINESS DEVELOPMENT
2024
$25K
GENERAL CHARITABLE OPERATIONS
2024
$25K
SUPPORT EXEMPT MISSION
2024
$15K
GENERAL OPERATING SUPPORT
2024
$10K
COMMUNITY DEVEL
2024
$6K
PROGRAMATIC SUPPORT
2024
$6K
PROGRAMATIC SUPPORT
2024
$4K
PUBLIC SERVICES
2024
$175K
General support for programs, operations and other charitable purposes
2023
$150K
TECHNOLOGY AND INNOVATION
2023
$100K
TO LEAD AND COORDINATE ECONOMIC DEVELOPMENT EFFORTS WITHIN THE CITY OF CHICAGO
2023
$100K
GENERAL SUPPORT
2023
$71K
REGIONAL BUSINESS DEVELOPMENT
2023
$57K
COMMUNITY DEVEL
2023
$50K
GENERAL OPERATING SUPPORT
2023
$35K
COMMUNITY SUPPORT
2023
$25K
GENERAL SUPPORT
2023
$25K
PROGRAM SUPPORT
2023
$25K
SUPPORT EXEMPT MISSION
2023
$13K
CHARITABLE DONATION
2023
$10K
PROGRAMATIC SUPPORT
2023
$10K
GENERAL SUPPORT
2023
$10K
GENERAL SUPPORT
2023
$250
EDUCATION
2023
$470K
General Operating Support, support for Gala (no tickets or tangible benefits)
2022
$100K
To lead and coordinate economic development effort the city of Chicago
2022
$85K
GENERAL SUPPORT
2022
$50K
GENERAL OPERATING SUPPORT
2022
$48K
For grant recipient's exempt purposes
2022
$25K
SUPPORT FOR LOCAL DEVELOPMENT
2022
$25K
GENERAL SUPPORT
2022
$13K
PUBLIC, SOCIETAL BENEFIT
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2022
$10K
GENERAL PURPOSE
2022
$10K
COMMUNITY SUPPORT
2022
$6K
GENERAL OPERATING SUPPORT
2022
$1K
ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES
2022
$85K
GENERAL SUPPORT
2021
$75K
GENERAL SUPPORT
2021
$75K
GENERAL SUPPORT
2021
$34K
COMMUNITY SUPPORT
2021
$25K
TECHRISE WINNER
2021
$25K
GENERAL SUPPORT
2021
$13K
ECONOMIC GROWTH
2021
$12K
General operating support. Support of Chicago Consular Corps Gala 2022 (no tickets or benefits received)
2021
$12K
General operating support. Support of Chicago Consular Corps Gala 2022 (no tickets or benefits received)
2021
$10K
GENERAL SUPPORT
2021
$10K
GENERAL SUPPORT
2021
$10K
SUPPORT FOR LOCAL DEVELOPMENT
2021
$6K
Grants from Donor Advised Funds - Operating Support
2021
$6K
CHICAGO CONSULAR CORPS GALA
2021
$147K
ORGANIZATIONAL SUPPORT
2020
$100K
TO LEAD AND COORDINATE ECONOMIC DEVELOPMENT EFFORTS WITHIN THE CITY OF CHICAGO
2020
$60K
COMMUNITY SERVICE
2020
$60K
COMMUNITY SERVICE
2020
$55K
Community support
2020
$50K
GENERAL OPERATING SUPPORT
2020
$50K
Project Support
2020
$50K
TO SUPPORT DEVELOPMENT OF A
2020
$50K
TO SUPPORT BOARD CONTRIBUTION
2020
$35K
GENERAL SUPPORT
2020
$30K
SUPPORT EXEMPT MISSION
2020
$25K
TO SUPPORT THE RECIPIENT'S GENERAL CHARITABLE ACTIVITIES.
2020
$25K
GENERAL SUPPORT
2020
$10K
FEMALE GLOBAL LEADERS PROGRAM
2020
$8K
For grant recipient's exempt purposes
2020
$5K
BUILDING FINANCIAL STABILITY & OPPORTUNITY
2020
$2K
UNRESTRICTED GIFT TO CHARITABLE ORG
2020
$470K
General Operating Support
2019
$198K
TO SUPPORT THE CHICAGO CONSULAR GALA, CHIBIZHUB, CHICAGOMADE, AND GENERAL OPERATING SUPPORT
2019
$33K
Community support
2019
$25K
For grant recipient's exempt purposes
2019
$6K
Grants from Donor Advised Funds - Operating Support
2019
$244K
IN SUPPORT OF THE SOURCELINK PLATFORM.
2018
$125K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018
$125K
PROGRAM/OPERATING SUPPORT
2018
$50K
GENERAL PROGRAM SUPPORT
2018
$30K
For grant recipient's exempt purposes
2018
$10K
Chicago Consular Corps
2018
$393K
WBC SOURCELINK-NAVIGATOR TEAM
2017
$83K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$6.0M from 49 funders · 96 grants · 2017–2024

The Chicago Community Trust

$1.6M · 8 grants · 2017–2023

New Venture Fund

$641K · 2 grants · 2023–2024

The Blackstone Charitable Foundation

$470K · 1 grant · 2019

Aon Foundation

$400K · 4 grants · 2020–2024

The Future Wanxiang Foundation Inc

$305K · 4 grants · 2020–2023

Fifth Third Chicagoland Foundation

$220K · 3 grants · 2020–2023

The Bank of America Charitable Foundation Inc

$200K · 2 grants · 2018–2020

Fidelity Investments Charitable Gift Fund

$193K · 5 grants · 2017–2022

Details

EIN364313685
NTEE codeS31
Subsection03
Ruling date2000-08
Formed1999
Employees70
Volunteers600
WORLD BUSINESS CHICAGO — Mission, Financials & Grants Received | Grantivo