The Commercial Club Foundation

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

EIN: 363406446 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is The Commercial Club Foundation?

The Commercial Club Foundation is a nonprofit organization with a mission to enhance the livability, work environment, and business prospects of Chicago. It accomplishes this by funding the activities of The Civic Committee of The Commercial Club of Chicago and its associated entities. These organizations strive to improve Chicago as a whole, contributing to a better quality of life for its residents and businesses. The Foundation's role is to provide financial support for these initiatives, thereby contributing to the overall betterment of the Chicago region.


Official website here: www.commercialclubchicago.org

Is The Commercial Club Foundation legitimate?

The Commercial Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Commercial Club Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $168,565
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,726

For more financial information, click here


Official website here: www.commercialclubchicago.org

What is the mission statement of The Commercial Club Foundation?

The Commercial Club Foundation supports the initiatives of The Civic Committee of The Commercial Club of Chicago and its associated organizations. Their collective mission is to enhance the quality of life, work, and business opportunities in their region, striving to make it a better place for all its inhabitants. The foundation funds various activities that contribute to this objective, helping these organizations carry out their missions effectively. By doing so, they aim to positively impact their community and improve the overall well-being of its residents.


Official website here: www.commercialclubchicago.org

Who is the CEO of The Commercial Club Foundation?

Cordelia C Meyer is the Director/President of The Commercial Club Foundation.


Official website here: www.commercialclubchicago.org

What is the revenue of The Commercial Club Foundation?

The Commercial Club Foundation's revenue in 2023 was $6,183,004.


Official website here: www.commercialclubchicago.org

Who are the executives of The Commercial Club Foundation and what are their salaries?

The average compensation at The Commercial Club Foundation during 2023 was $38,058. There are 5 employees and 4 volunteers at The Commercial Club Foundation.

Here are 8 key members and their salaries:

    Derek Rb Douglas (Director/President (As Of 08/22))
  • Compensation: $57,403
  • Related: $516,626
  • Other: $75,922

    • Cordelia C Meyer (Executive Vice President)
  • Compensation: $30,645
  • Related: $377,961
  • Other: $37,292

    • Kelly R Welsh Thru 0722 (Director/President)
  • Compensation: $6,673
  • Related: $327,009
  • Other: $29,099

    • Suzanne Fisher (Vp, Finance & Admin)
  • Compensation: $17,215
  • Related: $154,941
  • Other: $37,227

    • Michael O'Grady (Director/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Scanlon (Director/Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Swanson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay L Henderson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.commercialclubchicago.org

    Where can I find the form 990 for The Commercial Club Foundation?

    The The Commercial Club Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.commercialclubchicago.org

    Learn more at the official website: www.commercialclubchicago.org

    Mission Statement of The Commercial Club Foundation

    The Commercial Club Foundation is an entity dedicated to supporting the activities of The Civic Committee of The Commercial Club of Chicago and its associated organizations. Its mission is centered around enhancing the Chicago region as a desirable place for people to live, work, and conduct business. The foundation accomplishes this by funding the initiatives of these organizations, which are all committed to making significant contributions towards improving the quality of life in the Chicago region. By doing so, The Commercial Club Foundation plays a crucial role in fostering a thriving community where everyone can prosper.

    Impact

    This information is meant to be a general summary of The Commercial Club Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Commercial Club Foundation's impact can be seen in its support for the civic committee of The Commercial Club of Chicago and its affiliated organizations. Through funding activities that aim to make the Chicago region a better place for all residents to live, work, and conduct business, the foundation contributes to community improvement.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $177,325
  • Program Service Revenue: $0
  • Gross Receipts: $8,915,826

    • Assets and Liabilities:
  • Total Assets: $3,639,028
  • Total Liabilities: $258,039
  • Net Assets: $3,380,989
  • Organization Details

    Founding Year

    1985

    Principal Officer

    Cordelia C Meyer

    Main Address

    21 S CLARK STREET SUITE 4301, CHICAGO, IL, 60603

    NTEE Category

    Code: S80 - Community improvement

    If you are a representative of The Commercial Club Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.