Chicago DNC 2024

Legal name: Development Now for Chicago

Nonprofit profile at a glance

EIN
873817002
IRS 990 coverage
2021–2023
Official website data refreshed
Sep 2026
Forms available
Form 990 2023
Location
Chicago, IL, USA
Phone
7083658003
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$81,469,275
Expenses
$81,729,660
Assets
$9,040,749
Liabilities
$308,302

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MICHAEL J SACKS (PRESIDENT-BOD MEMBER)
  • CHRISTY GEORGE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CHRISTY GEORGE (EXECUTIVE DIRECTOR): $88,438 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Development now for chicago was formed to promote economic development and improve business conditions in the chicago metropolitan area by promoting the selection of chicago as the site of the 2024 democratic national convention and, if chicago was selected, to serve as the local host committee for the convention.

What it reported doing in 2023

Development now for chicago was formed to promote economic development and improve business conditions in the chicago metropolitan area by promoting the selection of chicago as the site of the 2024 democratic national convention and, if chicago was selected, to serve as the local host committee for the convention. Chicago was selected in april 2023 and the organization proceeded to serve its exempt purposes by serving as the host committee and putting in place personnel and systems, and beginning to contract for facilities, goods, services and supplies to provide infrastructure for the convention and showcasing of chicago as host city.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 84
  • Accountability: 79
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 82.9%; rating input score 83; 19th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 78th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.3%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 123.3% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 62.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $88K · 7 people listed
  • Highest-paid contractors: 4 contractors listed · $4.6M reported
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.