Development Now For Chicago is a 501(c)(6) organization based in Chicago, Illinois, registered in 2022, with $81,469,275 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$81.5M
▲ 543.4% vs prior year
Community median: $184K
Expenses (FY2023)
$81.7M
Net assets
$8.7M
Employees
12
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Development Now For Chicago— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Development Now For Chicago: 1 mo reserves · -0% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Development Now For Chicago: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Development Now For Chicago: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Development now for chicago was formed to promote economic development and improve business conditions in the chicago metropolitan area.
Development now for chicago made grants for beautification, economic development, and improving community conditions.
Revenue grew from $2.3M (FY2021) to $81.5M (FY2023) across 3 reported years.
Financial snapshot
Operating margin
-0.3%
Spent more than it raised in the latest fiscal year.
Total assets
$9.0M
Total liabilities
$308K
Net assets
$8.7M
Salaries & benefits
$2.7M
3% of expenses
Board members
5
5 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $81,469,275▲543% | $81,729,660▲1617% | $8,732,447▼2.9% | $9,040,749▲0.5% | 990 |
| 2022 | $12,662,411▲462% | $4,760,967▲309% | $8,992,832▲724% | $8,992,832▲724% | 990 |
| 2021 | $2,255,007 | $1,163,619 | $1,091,388 | $1,091,388 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Christy George — $82,998 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christy George | Executive Director | 40 | $82,998 |
| Anne Caprara | Director | 1 | — |
| Brandon Salesberry | Assistant Treasurer | 1 | — |
| Jason Lee | Director | 1 | — |
| Jesse Ruiz | Secretary-bod Member | 1 | — |
| Michael J Sacks | President-bod Member | 1 | — |
| Michelle Harris | Treasurer-bod Member | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| United Center | Venue License Fees | $3,000,000 |
| Eventsphere LLC | Hotel Management & Consulting Services | $787,500 |
| Magnify Strategies LLC | Management Strategy | $702,172 |
| Neal & Leroy LLC | Legal Consulting | $107,250 |
9 grants to Development Now For Chicago totaling $12.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Future Forward USA Action | General support | 2024 | $2,000,000 |
| House Majority Forward | Social welfare contribution | 2024 | $1,000,000 |
| United Brotherhood of Carpenters & Joiners of America | General support | 2024 | $1,000,000 |
| United Brotherhood of Carpenters & Joiners of America | Contribution | 2024 | $1,000,000 |
| American Federation of State County & Municipal Employees | General | 2024 | $550,000 |
| Everytown For Gun Safety Action Fund Inc | 2024 democratic national convention sponsorship | 2024 | $250,000 |
| International Brotherhood of Electrical Workers | Programmatic support | 2023 | $5,000,000 |
| National Education Association of the United States | Financial assistance | 2023 | $1,375,000 |
| Communications Workers of America Afl-cio Clc | General support | 2023 | $375,000 |
2 grants totaling $61K in FY2023. All grants made by Development Now For Chicago →
| Recipient | Purpose | Amount |
|---|---|---|
| Growing Home Inc | To support the wood street and honore street farm and to support the travel carbon inset initiative. | $50,000 |
| Devices 4 the Disabled | To help support people in the chicago area to gain access and independence to live fuller lives. | $10,590 |
Explore more
Data for Development Now For Chicago (EIN 87-3817002) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.