Industrial Council of Nearwest Chicago

Fiscal year ending 2024. Filed on August 1, 2025.

320 N Damen Avenue 1st Floor
Chicago, Illinois 60612

Industrial Council of Nearwest Chicago (EIN: 36-3312341) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Industrial Council of Nearwest Chicago, a 501(c)(3) charitable organization, reported compensation for 4 out of 47 total employees. Among the employees shown here, the average compensation is $148,357. The highest compensated employee at Industrial Council of Nearwest Chicago is Steve Debretto with fiscal year 2024 compensation of $203,485. Industrial Council of Nearwest Chicago changed its name from Kinzie Industrial Development Corp. in 2021.

Revenue, expenses, and employee compensation

Revenue

$8,822,239

Expenses

$10,221,956

Employee compensation

$3,265,406

Reported Compensated Employees

Executive Director

$197,153 from orgNo related comp$6,332 other

Natalie Shmulik

Chief Strategy and Incubation

$158,561 from orgNo related comp$3,629 other

Chief Facilities Officer

$114,771 from orgNo related compNo other comp

Priscilla Torrence

Chief Workforce Development

$110,323 from orgNo related comp$2,657 other

Non-Employee Board Members

Member (Thru MAR 2024)

Member (Thru MAR 2024)

Mission Statement

STRENGTHEN COMPANIES IN THE KINZIE INDUSTRIAL CORRIDOR AND FACILITATE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING SERVICES AND INCUBATOR SPACE.

Revisions to this organization profile

August 1, 2025:

2024 Industrial Council of Nearwest Chicago 990 filed

November 12, 2024:

2023 Industrial Council of Nearwest Chicago 990 filed

November 15, 2023:

2022 Industrial Council of Nearwest Chicago 990 filed

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