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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building World Business Chicago

World Business Chicago

Fiscal year ending 2022. Filed on November 16, 2023.

180 North Lasalle Street 2505
Chicago, Illinois 60601

World Business Chicago (EIN: 36-4313685) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2022 IRS Form 990 filing, World Business Chicago, a 501(c)(3) charitable organization, reported compensation for 10 out of 65 total employees. Among the employees shown here, the average compensation is $218,009. The highest compensated employee at World Business Chicago is Michael Fassnacht with fiscal year 2022 compensation of $507,934.

Revenue, expenses, and employee compensation

Revenue

$11,317,735

Expenses

$11,739,073

Employee compensation

$4,821,378
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Fassnacht
President and Chief Executive Officer
$507,934
$480,586 No related comp$27,348
Carrie Simmons
Vice President, Operations
$169,170
$146,487 No related comp$22,683
Laforce Baker
Vice President, Community Impact
$160,353
$140,390 No related comp$19,963
Lisa Dziekan
Senior Vice President of B
$160,059
$138,576 No related comp$21,483
Abin Kuriakose
Executive Vice President, Innovation and Venture
$157,218
$142,105 No related comp$15,113
Adrienne Tongate
Executive Vice President, Global Strategic INIT
$153,318
$142,638 No related comp$10,680
Michael Morkin
Secretary
$0
Lori E Lightfoot
Chair
$0
Peter Thompson
Treasurer
$0
Mellody Hobson
Vice Chair
$0

Benchmark Employee Compensation

Non-Employee Board Members

Alanna Cotton
Director
Andrea Zopp
Director ex officio
Brett Hart
Director
Brian Stanton
Director
Charles Smith
Director
Christopher Crane
Director
Clive Christison
Director
Craig Martin
Director
Curt R Bailey
Director
Dan Ryan
Director
Dave Dohnalek
Director
Dave Kimbell
Director

Contractors

Show Strategy Inc.
Pop-Up Design and Installation
$1,402,476
Agency Ea
Creative and Design
$361,405
Hubbard Galbraith LLC
Accounting and Finance
$168,000

Mission Statement

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.

Revisions to this organization profile

November 15, 2024:
2023 World Business Chicago 990 filed
November 16, 2023:
2022 World Business Chicago 990 filed
November 15, 2022:
2021 World Business Chicago 990 filed

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