Overview
What is The Economic Club Of Chicago?
The Economic Club of Chicago is a renowned nonprofit organization situated in Chicago, Illinois. With a strong presence at 33 N Dearborn St 1700, the club played an instrumental role in organizing a substantial 174 educational programs during the 2021-2022 fiscal year. These events attracted a significant audience, totaling 8,572 members and guests. The club's commitment to disseminating knowledge is further evidenced by the availability of video recordings of these programs on their YouTube channel, accessible to the general public. The club's mission is twofold. Firstly, it serves as a platform for influential individuals such as authors, entrepreneurs, government officials, and CEOs of public and private companies to engage in thoughtful discussions on important economic and social issues. Secondly, it aims to nurture the next generation of civic leaders, fostering meaningful connections among Chicago's leaders. The club boasts a dedicated workforce of 19 employees, demonstrating its commitment to its mission. By providing a space for dialogue and leadership development, The Economic Club of Chicago plays a pivotal role in shaping Chicago's economic and social landscape.
Official website here: www.econclubchi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Economic Club Of Chicago has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score is primarily based on its strong performance in the Accountability & Finance category, where it scored 96%. This high rating reflects the organization’s commitment to transparency and responsible financial management, which is crucial for donor trust and support.
One of the notable strengths of The Economic Club Of Chicago is its governance structure, with 97% of its board members being independent. This independence promotes objective decision-making and reduces potential conflicts of interest. The charity also has robust financial oversight mechanisms in place, such as an Audit and Oversight Committee, and consistently maintains a low liabilities to assets ratio of 20.68%, showcasing its financial stability and prudent management practices.
While the data does not highlight any significant limitations, the charity’s strong program expense ratio of 87.90% demonstrates that a large portion of its resources is directed towards its programs rather than administrative costs. Overall, The Economic Club Of Chicago stands out as a well-managed organization, dedicated to effective governance and transparent operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Economic Club Of Chicago legitimate?
The Economic Club Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Economic Club Of Chicago submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,202,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,282,142
For more financial information, click here
Official website here: www.econclubchi.org
What is the mission statement of The Economic Club Of Chicago?
The Economic Club of Chicago serves to facilitate significant interactions among prominent leaders in the city, promoting open discussions on crucial economic and social matters. Its primary objective is to nurture the emergence of future civic leaders. By hosting a variety of educational programs, the club encourages thoughtful discourse on various topics, such as insights from renowned authors, entrepreneurs, government officials, and CEOs from both public and private sectors. These events are attended by a large number of members and guests, and video recordings of these sessions are made available for public viewing on the club's YouTube channel. The club's activities aim to foster a platform for meaningful dialogue and contribute to the development of the next generation of leaders.
Official website here: www.econclubchi.org
Who is the CEO of The Economic Club Of Chicago?
David Snyder is the CEO of The Economic Club Of Chicago The CEO's salary of The Economic Club Of Chicago is $478,095 and their total compensation is $525,496.
Official website here: www.econclubchi.org
What is the revenue of The Economic Club Of Chicago?
The Economic Club Of Chicago's revenue in 2024 was $5,194,723.
Official website here: www.econclubchi.org
Who are the executives of The Economic Club Of Chicago and what are their salaries?
The average compensation at The Economic Club Of Chicago during 2024 was $124,242. There are 20 employees and 240 volunteers at The Economic Club Of Chicago.
Here are 51 key members and their salaries (The Economic Club Of Chicago's CEO's salary is $478,095 and their total compensation is $525,496):
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Official website here: www.econclubchi.org
Where can I find the form 990 for The Economic Club Of Chicago?
The Economic Club Of Chicago's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.econclubchi.org
Learn more at the official website: www.econclubchi.org
Mission Statement of The Economic Club Of Chicago
The Economic Club of Chicago, a renowned organization, is dedicated to fostering significant connections among prominent Chicago leaders. Its primary objective is to stimulate discussions on crucial economic and social issues, as well as to nurture the development of the forthcoming generation of civic leaders. By organizing a multitude of educational programs, the club encourages thoughtful dialogue and knowledge sharing among its members and guests. During the 2021-2022 program year, the Economic Club of Chicago hosted 174 such events, attracting a total audience of 8,572 individuals. These events featured distinguished speakers, including influential authors, entrepreneurs, government officials, and CEOs of prominent public and private companies. Notably, speakers from the 2021-2022 fiscal year included Reid Hoffman, Ken Griffin, Chip Bergh, and Gina Raimondo, among others. By providing a platform for these discussions, the Economic Club of Chicago plays a vital role in shaping perspectives and cultivating informed leadership within its network.
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Impact
October, 2024
The Economic Club of Chicago plays a pivotal role in shaping discourse around critical economic and social issues in the region. By facilitating engaging and informative programs, the organization connects influential leaders, including acclaimed authors, entrepreneurs, and government officials, fostering a robust dialogue that informs and inspires attendees.
During the 2021-2022 program year, the club held 174 educational events, drawing a diverse audience of 8,572 members and guests. These gatherings not only enhance the knowledge of participants but also provide a platform for emerging civic leaders to engage with established figures in meaningful ways. By sharing recordings of these sessions on their YouTube channel, the club extends its reach beyond immediate participants, promoting wider public access to key insights and discussions.
Notable speakers such as Reid Hoffman, Ken Griffin, and Gina Raimondo, among others, contribute to the club's mission by tackling pressing topics that impact both local and national landscapes. The Economic Club of Chicago thus stands as a vital institution for cultivating informed dialogue and nurturing the next generation of civic leadership in Chicago.
This information is meant to be a general summary of The Economic Club Of Chicago. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $208,163
- Program Service Revenue: $4,986,560
- Gross Receipts: $6,932,784
Assets and Liabilities:
- Total Assets: $6,862,322
- Total Liabilities: $1,887,367
- Net Assets: $4,974,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,313,115
PROGRAMS & EVENTS
Revenue
$1,673,445
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
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