Magnificent Mile Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 362119989 ✦ Chicago, IL ✦ Designated as a 501(c)(6)

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Overview

What is Magnificent Mile Association?

The Magnificent Mile Association is a nonprofit organization situated in Chicago, Illinois, specifically at 625 N Michigan STE 600. Its primary mission is to enhance the civic, social, commercial, and industrial well-being of the renowned one-mile stretch of Michigan Avenue, known as The Magnificent Mile, as well as the broader City of Chicago. The organization achieved notable recognition through the Magnificent Mile Lights Festival, which attracted widespread attention and positioned Chicago as a prominent holiday destination. During this period, various charitable acts, special events, and activities along The Magnificent Mile were showcased. With a team of 16 employees, the Magnificent Mile Association continues to foster a positive impact on the area's development.

Is Magnificent Mile Association legitimate?

Magnificent Mile Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Magnificent Mile Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $644,276

For more financial information, click here

What is the mission statement of Magnificent Mile Association?

The Magnificent Mile Association's mission is centered around fostering, promoting, maintaining, and encouraging the overall well-being of a specific one-mile stretch of Michigan Avenue, commonly known as The Magnificent Mile, and the city it resides in. Their goal is to enhance the civic, social, commercial, and industrial aspects of this area, ultimately contributing to its overall prosperity. The Association's activities and initiatives aim to attract local, regional, and national attention, positioning the area as a prominent holiday destination during the festive season. Through various events and promotions, they showcase the goodwill, offerings, and activities taking place along The Magnificent Mile, thereby boosting its appeal and appeal.

Who is the CEO of Magnificent Mile Association?

Kimberly Bares is the Presidentceo of Magnificent Mile Association. The CEO's salary of Magnificent Mile Association is $217,010 and their total compensation is $217,010.

What is the revenue of Magnificent Mile Association?

Magnificent Mile Association's revenue in 2022 was $4,280,175.

Who are the executives of Magnificent Mile Association and what are their salaries?

The average compensation at Magnificent Mile Association during 2022 was $40,267. There are 16 employees at Magnificent Mile Association.


Here are 102 key members and their salaries (Magnificent Mile Association's CEO's salary is $217,010 and their total compensation is $217,010):


Kimberly Bares (Presidentceo)
  • Compensation: $217,010
  • Related: $0
  • Other: $0
Donald V Versen Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vanessa Casciano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gabriel Constantin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Selogie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gail Spreen (Director)
  • Compensation: $0
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  • Other: $0
Todd Temperly (Director)
  • Compensation: $0
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  • Other: $0
John Robak (Director)
  • Compensation: $0
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  • Other: $0
Richard Similio (Director)
  • Compensation: $0
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  • Other: $0
Stacy Sweat (Director)
  • Compensation: $0
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  • Other: $0
Susan Jablonski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Way Kitzes (Director)
  • Compensation: $0
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  • Other: $0
David Macknin (Director)
  • Compensation: $0
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  • Other: $0
Mary Ann Rose (Director)
  • Compensation: $0
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  • Other: $0
Marc Schulman (Director)
  • Compensation: $0
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Peter Simoncelli (Director)
  • Compensation: $0
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Grace Rappe (Director)
  • Compensation: $0
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Christine Reller (Director)
  • Compensation: $0
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Richard Roman (Director)
  • Compensation: $0
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Danny Wirtz (Director)
  • Compensation: $0
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Kelly Wisecarver (Director)
  • Compensation: $0
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  • Other: $0
Maria Zec (Director)
  • Compensation: $0
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Daniel Thomas (Director)
  • Compensation: $0
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Lisa Tienken (Director)
  • Compensation: $0
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  • Other: $0
Roger Walters (Director)
  • Compensation: $0
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  • Other: $0
Stephen Wancha (Director)
  • Compensation: $0
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Camille Julmy (Director)
  • Compensation: $0
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Juan Leyva (Director)
  • Compensation: $0
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Howard Meyer (Director)
  • Compensation: $0
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Oliver Gibbons (Director)
  • Compensation: $0
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Todd Heipler (Director)
  • Compensation: $0
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  • Other: $0
Danny Jacobson (Director)
  • Compensation: $0
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  • Other: $0
Lisa Timbo (Director)
  • Compensation: $0
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Ralph Weber (Director)
  • Compensation: $0
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Sherman Wright (Director)
  • Compensation: $0
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Randy Romero (Director)
  • Compensation: $0
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  • Other: $0
Clay Spencer (Director)
  • Compensation: $0
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  • Other: $0
David Stone (Director)
  • Compensation: $0
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Andrew Carlson (Director)
  • Compensation: $0
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Christopher Cawley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Clote (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Jacobson (Legal Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Birchall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grace Borgstrom (Director)
  • Compensation: $0
  • Related: $0
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George Dileonardi (Director)
  • Compensation: $0
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  • Other: $0
Rike Erdbrink (Director)
  • Compensation: $0
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  • Other: $0
Stephanie Frazee (Director)
  • Compensation: $0
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Chip Collopy (Director)
  • Compensation: $0
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Tim Conway (Director)
  • Compensation: $0
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Jacqueline Davis (Director)
  • Compensation: $0
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Robert Dion (Director)
  • Compensation: $0
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  • Other: $0
Patrick Donelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Donley (Director)
  • Compensation: $0
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  • Other: $0
Jennifer Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Colletti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Deporter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wei Fraser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilynn Gardner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Gardner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Ellefson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Fawell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Feldman (Director)
  • Compensation: $0
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Robert Agra Iii (Director)
  • Compensation: $0
  • Related: $0
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Holly Agra (Director)
  • Compensation: $0
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Jack Aiello (Director)
  • Compensation: $0
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Richard Gamble (Director)
  • Compensation: $0
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Donna Pugh (Director)
  • Compensation: $0
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Richard Simon (Director)
  • Compensation: $0
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Nancy Capadona (Director)
  • Compensation: $0
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Christine Carlyle (Director)
  • Compensation: $0
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Rich Cialabrini (Director)
  • Compensation: $0
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Carolyn Ascher (Director)
  • Compensation: $0
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Laura Bossert (Director)
  • Compensation: $0
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Nick Canellis (Director)
  • Compensation: $0
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  • Other: $0
Dan Gibbons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damien Mccardle (Director)
  • Compensation: $0
  • Related: $0
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John Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyn Mckeaney (Director)
  • Compensation: $0
  • Related: $0
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Jennifer Kunde (Director)
  • Compensation: $0
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Edward Kus (Director)
  • Compensation: $0
  • Related: $0
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Dean Kutrumanes (Director)
  • Compensation: $0
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  • Other: $0
Stanley Nitzberg (Director)
  • Compensation: $0
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Nancy Paridy (Director)
  • Compensation: $0
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Donovan Pepper (Director)
  • Compensation: $0
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Lou Raizin (Director)
  • Compensation: $0
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Lori Olson (Director)
  • Compensation: $0
  • Related: $0
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Tim Omalley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Osmond (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Hartenstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Gordon Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Grusin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Golub (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Graham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Karman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Basil Kromelow (Director)
  • Compensation: $0
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  • Other: $0
Christopher Howard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsay Hearn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justine Fedak (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Russell (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Burnell Goldman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nichole Benolken (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Magnificent Mile Association?

Magnificent Mile Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Magnificent Mile Association

The Magnificent Mile Association, a notable organization, is committed to enhancing the civic, social, commercial, and industrial well-being of a specific one-mile stretch of Michigan Avenue, widely known as The Magnificent Mile. Their primary objective is to foster and promote this area's growth, while also encouraging its betterment and preservation for the benefit of the city of Chicago as a whole. The association plays a pivotal role in showcasing the good deeds, special activities, and offerings along the Magnificent Mile, thereby boosting its reputation as a premier holiday destination, attracting both local and national attention.

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Impact



October, 2024

The Magnificent Mile Association plays a vital role in enhancing the civic, social, commercial, and industrial vitality of the Magnificent Mile on Michigan Avenue in Chicago. Through its initiatives, the association significantly boosts local and regional awareness, particularly with events like the Magnificent Mile Lights Festival, which attract substantial publicity and position Chicago as a top holiday destination. This festival not only showcases the offerings and activities of the area but also fosters community engagement and promotes local businesses. By focusing on the welfare of this iconic mile, the association enhances the overall experience for residents and visitors alike, ensuring that it remains a vibrant and attractive part of the city.



This information is meant to be a general summary of Magnificent Mile Association. 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.

Revenue
$4,280,175 (2022)
Expenses
$4,017,783 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $285
  • Program Service Revenue: $2,013,040
  • Gross Receipts: $4,280,175

Assets and Liabilities:

  • Total Assets: $1,515,725
  • Total Liabilities: $711,672
  • Net Assets: $804,053

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Mag Mile Lights festiva

Revenue

$1,699,121

Marketing and promotion

Revenue

$184,900

Strategic Partnerships

Revenue

$12,477

Other Program revenue

Revenue

$116,542

Organization Details

Founding Year

1935

Principal Officer

Kimberly Bares

Main Address

625 N Michigan STE 600, Chicago, IL, 60611

NTEE Category

Code: S41 - Community improvement

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