The Chicago Network Inc
Nonprofit profile at a glance
- EIN
- 363099583
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 3127871990
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Women's Service Clubs
Reported finances
- Revenue
- $1,665,214
- Expenses
- $1,372,339
- Assets
- $3,850,841
- Liabilities
- $941,004
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- Maria Doughty (President & CEO)
Highest reported compensation
- Maria Doughty (President & CEO): $464,954 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
In furtherance of its charitable and educational goals, the Network's activities consist primarily of providing educational opportunities for its members and the public on issues related to the advancement of women in the workplace. As the preeminent Organization for Chicago's leading professional women, the Network encourages connection with each other for personal and professional growth; advancement of civic, business and philanthropic communities: and inspiration and support the next generation of women leaders.
What it reported doing in 2024
Launchpad - The Chicago Network's mission is to connect with each other for personal and professional growth, advance our civic, business, and philanthropic communities, and inspire and support the next generation. Launchpad Women's Leadership Summit is one of our cornerstone initiatives to advance the next generation. It provides emerging women leaders with high-level programming content and actionable tools to help them achieve their career objectives.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.1%; rating input score 31
- Program expense ratio: 32.6%; rating input score 33
- Fundraising efficiency: $8.01 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17.6%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 2.81; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 33.9%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -4.2% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 31.1% of revenue deployed · 32.6% of spending went to programs
- Governance: 22 of 22 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $447K in reported program spending
- Leadership: top reported pay $465K · 23 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $144K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Moderate — Financial Efficiency: Program expense ratio scored 33/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.