Chicago 2016 in Chicago, Illinois (IL)

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Chicago 2016
Employer Identification Number (EIN)205281014
Name of OrganizationChicago 2016
In Care of NamePatrick G Ryan
Address200 E Randolph Ste 2016, Chicago, IL 60601-6436
SubsectionCharitable Organization
Ruling Date03/2007
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$195,902
Amount of Income$32,014,655
Form 990 Revenue Amount$32,014,655
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Olympics Committees and Related International Competitions


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Amount of income in 2011: $32,014,655
Chicago 2016: 

 $32,014,655
Other organizations performing similar types of work: 

 $112,462

Assets in 2011: $195,902
Chicago 2016: 

 $195,902
Other organizations performing similar types of work: 

 $40,520

Expenses in 2011: $0
This organization: 

 $0
Other organizations performing similar types of work: 

 $121,393

Expenses allocated to program services in 2006: 95.6%
This organization: 

 95.6%
Other organizations performing similar types of work: 

 95.6%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$0
Total expenses$0
Total net assets$102,764
Excess for the year$0
Net assets or fund balances at beginning of year$20,102,764
Other changes in net assets or fund balances$-20,000,000
Balance Sheets (for 2011)
Total assets$195,902
Total liabilities$93,138
Net assets or fund balances$102,764
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$44,911,415
Gifts, grants, contributions, and membership fees received$40,946,487
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$2,895,880
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$1,064,887
Other$4,161
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2006
Total revenue$32,014,655
Contributions, gifts, grants, and similar amounts received$32,081,562
Contributions to donor advised funds$0
Direct public support$32,081,562
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$358,870
Dividends and interest from securities$0
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory$0
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$-439,228
Gross revenue$277,350
Less: direct expenses other than fundraising expenses$716,578
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$13,451
Total expenses$9,627,698
Program services$9,203,020
Management and general$233,844
Fundraising$190,834
Payments to affiliates$0
Net assets or fund balances at end of year$22,386,957
Excess or (deficit) for the year$22,386,957
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$9,627,698$9,203,020$233,844$190,834
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$15,000$15,000$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$85,000$0$0$85,000
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$60,213$0$60,213$0
Telephone$4,701$0$4,701$0
Postage and shipping$1,286$0$1,286$0
Occupancy$94,650$0$94,650$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$328,099$328,099$0$0
Conferences, conventions, and meetings$47,778$47,778$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$7,333$0$7,333$0
Other expenses not covered above$8,983,638$8,812,143$65,661$105,834
Balance Sheets
2006
Total assets$23,579,067
Cash - non-interest-bearing$22,669,295
Savings and temporary cash investments$0
Accounts receivable less allowance for doubtful accounts$0
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$544,073
Inventories for sale or use$217,174
Prepaid expenses and deferred charges$111,858
Investments - publicly-traded securities$0
Investments - other securities$0
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$36,667
Other assets, including program-related investments$0
Total liabilities$1,192,110
Accounts payable and accrued expenses$1,192,110
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$23,579,067
Total net assets or fund balances$22,386,957
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2006
Total revenue$32,014,655
Total revenue, gains, and other support per audited financial statements$32,014,655
Other expenses$0
Net unrealized gains on investments$0
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2006
Total expenses$9,627,698
Total expenses and losses per audited financial statements$9,627,698
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings8
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$372,321$-439,228
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$358,870$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$-439,228
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$13,451$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$5,894
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2005
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Chicago 2016200 E Randolph Ste 2016, Chicago, IL 60601-6436IL2007-03$32,014,655
2Usa Triathlon Of Colorado5825 Delmonico Dr Ste 200, Colorado Spgs, CO 80919-2244CO2014-03$21,208,113
3Telluride FoundationPO BOX 4222, Telluride, CO 81435-4222CO2000-12$5,053,979
4United States Competition Climbing Association4909 Pearl East Cir Ste 102, Boulder, CO 80301-2498CO1998-11$1,494,037
5New Orleans Aau Junior Olympics Host Committee Inc2020 St Charles Ave, New Orleans, LA 70130-5319LA2010-12$1,270,000
6Whaler Nation Inc1416 Stephanie Way, Chesapeake, VA 23320-0613VA2008-10$700,821
7American Servicemembers Amateur Sports IncPO BOX 657, Boulder, CO 80306-0657CO2011-02$570,926
8Womens Ski Jumping Usa IncPO BOX 980218, Park City, UT 84098-0218UT2004-01$528,656
9United States Bridge Federation200 E Delaware, Chicago, IL 60611-1911IL2001-08$425,051
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12Wayland-Weston Rowing Association6 Pesce Dr, Wayland, MA 01778-1032MA2014-02$403,404
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14Uipm Foundation Inc111 W 7th Ave, Eugene, OR 97401-2622OR2003-01$326,260
15Us Martial Arts Team Nfp1508 Lemon Street, Highland, IL 62249IL2006-02$127,467
16Glenwood Figure Skating Club3134 Monterey Dr, Flossmoor, IL 60422-2271IL2001-12$102,549
17Chicago Judo Black Belt Assn Inc4427 N Clark Street, Chicago, IL 60640IL1999-12$5,062
18Chicago Area Orienteering Club807 Burr Avenue, Winnetka, IL 60093IL2008-09$0
19Heart Of Illinois Skating ClubPo Box 9147, Peoria, IL 61612IL2011-02$0
20Power Ten Chicago Inc237 W Menomonee Street, Chicago, IL 60614IL2010-02$0
Number of organizations performing similar types of work
Alaska1
Alabama3
Arkansas2
Arizona7
California32
Colorado17
Connecticut4
District of Columbia2
Florida5
Georgia6
Hawaii2
Illinois8
Indiana3
Kansas1
Kentucky2
Louisiana3
Massachusetts3
Maryland1
Maine4
Michigan5
Minnesota3
Missouri4
Montana1
North Carolina3
Nebraska1
New Hampshire1
New Jersey6
New Mexico4
Nevada3
New York11
Ohio8
Oklahoma6
Oregon9
Pennsylvania8
Rhode Island1
South Carolina2
South Dakota1
Tennessee3
Texas20
Utah5
Virginia9
Vermont4
Washington10
Wisconsin5
Wyoming1
International2
Total242

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