World Business Chicago
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.
Key facts about World Business Chicago
In short: World Business Chicago gave $25K across 1 grant in 2024 (avg $25K), mostly in Illinois. Source: 2024 IRS Form 990.
- EIN
- 36-4313685
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $25,000
- Grants made (2024)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $12,113,893
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$12.1M
+3.7% YoY
Annual Giving
$25K
-95.2% YoY
Grant Count
1
-94.1% YoY
Avg Grant Size
$25K
-18.3% YoY
How World Business Chicago gives
- Giving fell 98% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About World Business Chicago
Based on IRS filings
World Business Chicago is a public charity focused on Community Improvement & Capacity Building, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.1M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $107K.
Focus Areas
Ready to take the next step with World Business Chicago?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2024) to $1.3M (2021). In 2024 it made 1 grant totaling $25K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
The largest 2024 recipient was University of Illinois Foundation ($25K).
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 29 grants of 45 (64%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Foundation Champaign, IL | Scholarship Support | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,113,893 | $11,676,169 | $12,703,057 |
| Revenue | $9,847,802 | $13,132,683 | $11,317,735 |
| Expenses | $9,289,730 | $13,484,230 | $11,739,073 |
| Net Investment Income | $106,806 | $67,837 | $6,420 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Added Form 990 for fiscal year 2024 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
World Business Chicago is led by Philip Clement, CEO & President on the 2024 filing; 7 of 126 officers listed in 2024 are compensated.
Officers on the 2024 filing
Philip Clement
CEO & President
New on the 2024 filing
45 hrs/week
$228K (2024)
Brandon Johnson
Chair
On filings since 2023
0.3 hrs/week
No compensation reported
Andrea Zopp
Executive Officio Director
President & CEO → Ex-Officio Director, 2021
Ex-Officio Director → Executive Officio Director, 2023
On filings since 2020
0.3 hrs/week
$434K (2020) → $0 (2024)
Michael Fassnacht
Executive Officio Director
Director → President & CEO, 2021
President & CEO → Executive Officio Director, 2024
On filings since 2020
0.3 hrs/week
$421K (2021) → $162K (2024)
David Reifman
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Desiree Rogers
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Don Wilson
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Donald Thompson
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Eric Lefkofsky
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Glen Tullman
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Grant C. Uhlir
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Greg Brown
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Gregory C. Case
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Jim Reynolds
Director
On filings since 2020
0.3 hrs/week
No compensation reported
John C. Robak
Director
On filings since 2020
0.3 hrs/week
No compensation reported
John M. Holmes
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Jose Luis Prado
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Karen Sauder
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kathy Scherer
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kelly Graves
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kip Kirkpatrick
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kristen Rossi
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Mark S. Hoplamazian
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Mark Sullivan
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Martin Cabrera
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Mellody Hobson
Director
Vice Chair → Director, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Michael H. Moskow
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Michael J. Sacks
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Michael Reinsdorf
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Pin Ni
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Richard S. Price
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Rita Athas
Executive Officio Director
Director → Ex-Officio Director, 2021
Ex-Officio Director → Executive Officio Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Scott C. Swanson
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Steven A. Kersten
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Brett Hart
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Craig Martin
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Curt R. Bailey
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Dave Kimbell
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Fabiano Lima
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Greg Hughes
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Jaime Lm Jones
Director
On filings since 2021
0.3 hrs/week
No compensation reported
James Sprayregen
Director
On filings since 2021
0.3 hrs/week
No compensation reported
James Turner
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Jason Wortendyke
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Jeff Shapack
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Jennifer Steans
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Joe Erlinger
Director
On filings since 2021
0.3 hrs/week
No compensation reported
John Koudounis
Director
On filings since 2021
0.3 hrs/week
No compensation reported
John R. Weiss
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Jon Shulkin
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Judy Toland
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Kyle Degiulio
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Lior Ron
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Luke Petherbridge
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Marc F. Sperber
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Mark Tebbe
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Melissa Werneck
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Opella Ernest
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Tony Maggiore
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Alanna Cotton
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Frank Pasquesi
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Greg Klamrzynski
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Hardik Bhatt
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Kevin Cole
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Laura Thonn
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Michael O'Grady
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Paul Hsu
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Ryan Smith
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Torrence Hinton
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Wendell Dallas
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Ashish Lal
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Christina Meitus
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Darrell Hackett
Director
On filings since 2023
0.3 hrs/week
No compensation reported
David Andalcio
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Dia Nichols
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Elizabeth Buchanan
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Elizabeth Tulach
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Eric Sedler
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Franco Cisternino
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Gil C. Quiniones
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Graham Grady
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Greg Bedalov
Executive Officio Director
On filings since 2023
0.3 hrs/week
No compensation reported
Howard Chrisman
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Jaime Redmond
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Jeff Torosian
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Jeffrey Malehorn
Executive Officio Director
On filings since 2023
0.3 hrs/week
No compensation reported
Karen Brennan
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Karen Murphy
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Kevin Considine
Executive Officio Director
On filings since 2023
0.3 hrs/week
No compensation reported
Lori E. Healey
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Nina Harding
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Ryan Larison
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Smita Shah
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Stephanie Curulewski
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Tim Wentworth
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Travis Hunter Jr.
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Wade Thomson
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Zachery House
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Adrienne Tongate
Executive Vice President Global Strategic Initi
Executive Vice President & Global Strategic Init → Executive Vice President Global Strategic Initiatives, 2023
Executive Vice President Global Strategic Initiatives → Executive Vice President Global Strategic Initi, 2024
On filings since 2020
45 hrs/week
$111K (2020) → $144K (2024)
Andrew Hayes
Senior Vice President & Chief of Staff
Director of Marketing & Communications → Senior Vice President & Chief of Staff, 2024
On filings since 2020
45 hrs/week
$114K (2020) → $134K (2024)
Carrie Simmons
Vice President of Operations
Director of Operations → Vice President of Operations, 2021
On filings since 2020
45 hrs/week
$132K (2020) → $151K (2024)
Abin Kuriakose
Strategy & Innovation Chief
Executive Vice President, Innovation & Venture Strategy → Executive Vice President, Innovation & Venture, 2022
Executive Vice President, Innovation & Venture → Strategy & Innovation Chief, 2023
On filings since 2021
45 hrs/week
$130K (2021) → $152K (2024)
Kyle Schulz
Growth Chief Officer
Growth Chief → Growth Chief Officer, 2024
On filings since 2023
45 hrs/week
$154K (2023) → $155K (2024)
Dan Ryan
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Dean Harrison
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Donald Edwards
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
James S. Crown
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Jennifer Scanlon
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
John Buck
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
John R. Ettelson
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Linda Imonti
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Lori E. Lightfoot
Former Chair
Chair → Former Chair, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Marc Baumann
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Mark A. Hoppe
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Martin H. Nesbitt
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Michael Morkin
Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Raj Gupta
Former Director
Director → Former Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Dave Dohnalek
Former Director
Director → Former Director, 2023
On filings since 2021
0.3 hrs/week
No compensation reported
Edward Tilly
Former Director
Director → Former Director, 2023
On filings since 2021
0.3 hrs/week
No compensation reported
Robbert Rietbroek
Former Director
Director → Former Director, 2023
On filings since 2021
0.3 hrs/week
No compensation reported
Robert Bronstein
Former Director
Director → Former Director, 2023
On filings since 2021
0.3 hrs/week
No compensation reported
Roz Brewer
Former Director
Director → Former Director, 2023
On filings since 2021
0.3 hrs/week
No compensation reported
Charles Smith
Vice Chair
Director → Vice Chair, 2024
On filings since 2022
0.3 hrs/week
No compensation reported
James Mantanky
Former Director
Director → Former Director, 2023
On filings since 2022
0.3 hrs/week
No compensation reported
Dave Casper
Former Director
On filings since 2023
0.3 hrs/week
No compensation reported
Arla Lach
Treasurer
New on the 2024 filing
0.5 hrs/week
No compensation reported
Former officers (90)
- Former: Lisa Dziekan (2020–2023) — Executive Vice President Business Development
- Former: Peter Thompson (2020–2023) — Treasurer
- Former: Christopher Crane (2020–2022) — Director
- Former: David R. Casper (2020–2022) — Director
- Former: David Simas (2020–2022) — Director
- Former: Jeff Malehorn (2020–2022) — Ex-Officio Director
- Former: Paramita Das (2020–2022) — Director
- Former: Jim Skogsbergh (2021–2022) — Director
- Former: Matt Snyder (2021–2022) — Director
- Former: Susan Arthur (2021–2022) — Director
- Former: Brian Stanton (2022) — Director
- Former: Clive Christison (2022) — Director
- Former: Jeffrey S. Torosian (2022) — Director
- Former: Laforce Baker (2022) — Vice President of Community Impact
- Former: Lynn Osmond (2022) — Director
- Former: Matt Renner (2022) — Director
- Former: Shiv Iyer (2022) — Director
- Former: Thomas Kilroy (2022) — Director
- Former: Thomas McElroy (2022) — Director
- Former: Charles Matthews (2020–2021) — Director
- Former: Debra A. Cafaro (2020–2021) — Director
- Former: Glenn Eden (2020–2021) — Director
- Former: James P. Kolar (2020–2021) — Director
- Former: Jeff Markowitz (2020–2021) — Director
- Former: John O. Hudson III (2020–2021) — Director
- Former: Jud Snyder (2020–2021) — Director
- Former: Mary Dillon (2020–2021) — Director
- Former: Michael J. Palumbo Former (2020–2021) — Director
- Former: Nikki M. Zollar (2020–2021) — Director
- Former: Ogechi Harry (2020–2021) — Executive Vice President of Strategy, Legal & O
- Former: Paul C. Reilly (2020–2021) — Director
- Former: Timothy Walbert Former (2020–2021) — Director
- Former: Vik Sohoni (2020–2021) — Director
- Former: Alex Gourlay Former (2021) — Director
- Former: Allyson Park Former (2021) — Director
- Former: Angelo Panteleo Former (2021) — Director
- Former: Antonio Gracias Former (2021) — Director
- Former: Everett Cunningham Former (2021) — Director
- Former: Glenn F. Tilton Former (2021) — Director
- Former: Irina Novoselsky Former (2021) — Director
- Former: James Zallie Former (2021) — Director
- Former: Janet Kong Former (2021) — Director
- Former: Jim Coleman (2021) — Director
- Former: Larry Richman Former (2021) — Director
- Former: Marco Capurso (2021) — Director
- Former: Maurice Smith Former (2021) — Director
- Former: Oscar Munoz Former (2021) — Director
- Former: Peter Boone Former (2021) — Director
- Former: Sean Connolly Former (2021) — Director
- Former: Stefani Miller (2021) — Director
- Former: Steve Woolley (2021) — Director
- Former: Timothy P. Mohan (2021) — Director
- Former: Todd Siwak (2021) — Director
- Former: Alex Gourlay (2020) — Director
- Former: Allyson Park (2020) — Director
- Former: Angelo Panteleo (2020) — Director
- Former: Anthony F. Maggiore (2020) — Director
- Former: Antonio Gracias (2020) — Director
- Former: Bernita Johnson-Gabriel (2020) — Executive Vice President, Neighborhood & Strategic Initiatives
- Former: Carl A. Allegretti Former (2020) — Director
- Former: Dave Biegger (2020) — Director
- Former: David E. Moore Former (2020) — Director
- Former: Dennis Vicchiarelli (2020) — Executive Vice President Business Development
- Former: Diana Sands Former (2020) — Director
- Former: Ed Tilly (2020) — Director
- Former: Glenn F. Tilton (2020) — Director
- Former: Henry M. Paulson Jr Former (2020) — Director
- Former: Iriina Novoselsky (2020) — Director
- Former: J. Douglas Sparkman Former (2020) — Director
- Former: James B. Coleman (2020) — Director
- Former: James P. Jim Zallie (2020) — Director
- Former: James Skogsbergh (2020) — Director
- Former: Janet Kong (2020) — Director
- Former: Jim Brady Former (2020) — Director
- Former: John Atkinson Former (2020) — Director
- Former: Larry Richman (2020) — Director
- Former: Lori Healey Former (2020) — Director
- Former: Maurice Smith (2020) — Director
- Former: Melanie Sillas (2020) — Vice President of Development
- Former: Michael J. Palumbo (2020) — Director
- Former: Myrna Farmer (2020) — Director of Board Relations
- Former: Niel Golightly Former (2020) — Director
- Former: Nila R. Leiserowitz Former (2020) — Director
- Former: Oscar Munoz (2020) — Director
- Former: Stephen Fort Former (2020) — Director
- Former: Thomas Bartkoski (2020) — Director & International Business Development
- Former: Tom McGuinness Former (2020) — Director
- Former: Vicki Noonan Former (2020) — Director
- Former: Vincent Tomkinson Former (2020) — Director
- Former: Wendy Davidson Former (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $228K, to Philip Clement (CEO & President). 7 officers or directors reported compensation on that filing.
Frequently asked questions about World Business Chicago
How much does World Business Chicago give each year?
World Business Chicago gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $520K across 17 grants.
How large is World Business Chicago?
World Business Chicago reported $12.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $9.8M.
What is World Business Chicago?
World Business Chicago is a public charity focused on Community Improvement & Capacity Building, based in Chicago, IL. It holds $12.1M in total assets as of 2024.
Where does World Business Chicago operate?
World Business Chicago has awarded grants in California, Florida, Illinois, Massachusetts, New Jersey.
What is World Business Chicago's EIN?
World Business Chicago's EIN (Employer Identification Number) is 36-4313685. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching World Business Chicago by hand.
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Elks National Foundation Inc
Chicago, IL
The Elks National Foundation funds scholarships, youth programs, veterans services, disaster relief, and community projects, primarily through Elks Lodges and state associations in communities across the United States where Elks live and work. Its 2025 grants had a median of $8,500, though amounts varied widely; the listed Beacon and Freedom Grants are limited to Elks Lodges. The profile does not state whether it accepts unsolicited requests.
Assets
$954.1M
Grants
1,536
Total Given
$36.5M
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