Chicago Loop Alliance Foundation

EIN: 161765590 501(c)(3) Education

Chicago, IL

Total Revenue
$540,868
Total Expenses
$481,038
Total Assets
$430,822
Net Assets
$421,016
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IL
Principal Officer
Jean de St Aubin
Phone
3127829160
Tax Period
2023-01-01 to 2023-12-31

Chicago Loop Alliance Foundation, founded in 2008, is a small nonprofit in the Education sector that reported $541K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $481K left a modest 11% surplus.

Mission

The mission of the Chicago Loop Alliance Foundation (CLAF). a 501 (c)(3) corporation, is to develop, support and promote artistic, cultural, and public events that benefit businesses, individuals and stakeholders within in the service area of Chicago Loop Alliance (CLA). CLAF is affiliated with Chicago Loop Alliance, which is a 501 (c)(6) organization whose mission is to strengthen the Loop?s competitive position as a mixed-use destination and to promote economic development and tourism in the Loop. CLA members consist of over 200 businesses and organizations located within the Loop and Chicago

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,000
Program Service Revenue $386,069
Investment Income $0
Other Revenue $125,799
TOTAL REVENUE $540,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $299,020
Other Expenses $481,038
TOTAL EXPENSES $481,038

Year-over-Year Comparison

2023 2022 Change
Revenue $540,868 $788,484 -0.3%
Expenses $481,038 $737,620 -0.3%
Net Income $59,830 $50,864 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
55
Independent Members
55
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
51
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Turner Immediate Past Chairman 5.00
Director
$0 $0 $0
Ben Creamer Director 1.00
Director
$0 $0 $0
David Broz Director 1.00
Director
$0 $0 $0
Bill Burfeind Director 1.00
Director
$0 $0 $0
Cal Audrain Honorary Board 1.00
Director
$0 $0 $0
Louis D D'Angelo Director 1.00
Director
$0 $0 $0
Norman Elkin Honorary Board 1.00
Director
$0 $0 $0
Hassan el Neklway Director 1.00
Director
$0 $0 $0
Judie Moore Green Director 1.00
Director
$0 $0 $0
G Brent Minor Honorary Board 1.00
Director
$0 $0 $0
Stanley Nitzberg Director 1.00
Director
$0 $0 $0
Lori Healey Honorary Board 1.00
Director
$0 $0 $0
John G Wells Director 1.00
Director
$0 $0 $0
Ralph Hughes Honorary Board 1.00
Director
$0 $0 $0
Melvin L Katten Honorary Board 1.00
Director
$0 $0 $0
Eileen LaCario Director 1.00
Director
$0 $0 $0
Angel Perez Director 1.00
Director
$0 $0 $0
Charles Smith Director 1.00
Director
$0 $0 $0
George Miller Director 1.00
Director
$0 $0 $0
Janette Outlaw Director 1.00
Director
$0 $0 $0
Paul J Rades Director 1.00
Director
$0 $0 $0
Jim Rylowicz Director 1.00
Director
$0 $0 $0
John Vance Director 1.00
Director
$0 $0 $0
Ronald Arnold Honorary Board 1.00
Director
$0 $0 $0
Charles R Nash Director 1.00
Director
$0 $0 $0
Kat Frerichs Director 1.00
Director
$0 $0 $0
Steve Gardner Director 1.00
Director
$0 $0 $0
Kirsten Ekdahl-Hull Director 1.00
Director
$0 $0 $0
Peter Tortorello Director 1.00
Director
$0 $0 $0
Herman Berghoff Honorary Board 1.00
Director
$0 $0 $0
Tom Buechele Director 1.00
Director
$0 $0 $0
John Curran Director 1.00
Director
$0 $0 $0
Julie Emms Director 1.00
Director
$0 $0 $0
Nora Gainer Director 1.00
Director
$0 $0 $0
Kearby Kaiser Director 1.00
Director
$0 $0 $0
Elizabeth Mackel Director 1.00
Director
$0 $0 $0
Cole Mansfield Director 1.00
Director
$0 $0 $0
Tamar Mizrahi Director 1.00
Director
$0 $0 $0
Jeffrey Patrick Director 1.00
Director
$0 $0 $0
Bradley Renner Director 1.00
Director
$0 $0 $0
Burim Saliu Director 1.00
Director
$0 $0 $0
YaFawn Smith Director 1.00
Director
$0 $0 $0
John Collins Director 1.00
Director
$0 $0 $0
Morgan Eagles Director 1.00
Director
$0 $0 $0
Tess Green Director 1.00
Director
$0 $0 $0
LaShaun Jackson Director 1.00
Director
$0 $0 $0
Issac Riggs Director 1.00
Director
$0 $0 $0
Sandi Robinson Director 1.00
Director
$0 $0 $0
Hutt Rubio Director 1.00
Director
$0 $0 $0
Matthew Sarosy Director 1.00
Director
$0 $0 $0
Leon Walker Director 1.00
Director
$0 $0 $0
Jean de St Aubin Chair 5.00
Officer
$0 $0 $0
Rich Gamble Vice Chair 1.00
Officer
$0 $0 $0
Laura Graves Treasurer 5.00
Officer
$0 $0 $0
Simone Randolph Secretary 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $540,868 $481,038 $430,822 $59,830
2022 $788,484 $737,620 $520,565 $50,864
2021 $517,775 $522,321 $387,790 $-4,546
2020 $192,650 $164,805 $382,642 $27,845
2019 $326,920 $351,719 $318,018 $-24,799
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