THE MAGNIFICENT MILE ASSOCIATION Charity Report

Public IRS 990 nonprofit record

THE MAGNIFICENT MILE ASSOCIATION

EIN 36-2119989 · Chambers of Commerce & Business Leagues (S41)

What they do

to FOSTER, PROMOTE, MAINTAIN and ENCOURAGE THE CIVIC, SOCIAL, COMMERCIAL and INDUSTRIAL WELFARE of THE MAGNIFICENT MILE IN THE CITY of CHICAGO.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders100 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$99.99spent for every $100 of revenueRevenue covered expenses this year.

35.86%of revenue went to management and office costs35.9% of expenses

$0.52in assets for every $1 spent this yearSome assets cannot be spent right away.

57.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $315,851 for KIMBERLY BARES (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,171,418

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$1,495,73735.86% of revenue35.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$4010.01% of revenueShown in gray on the chart

Total expenses$4,171,01799.99% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 0.0% mission · 35.9% management · 0.0% fundraisingTotal expenses: 99.99% of revenue

2023Expense mix: 61.1% mission · 31.5% management · 7.4% fundraisingTotal expenses: 101.43% of revenue

2022Expense mix: 73.6% mission · 20.1% management · 6.3% fundraisingTotal expenses: 93.87% of revenue

2021Expense mix: 75.7% mission · 24.0% management · 0.3% fundraisingTotal expenses: 98.26% of revenue

2020Expense mix: 48.3% mission · 51.3% management · 0.5% fundraisingTotal expenses: 81.25% of revenue

2019Expense mix: 53.7% mission · 34.3% management · 12.0% fundraisingTotal expenses: 97.98% of revenue

Money in and money out

Revenue$4,171,418

Expenses$4,171,017

Annual surplus $401 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$1,495,737 · 35.9% of expenses

See all reported dollar amounts

Revenue$4,171,418

Expenses$4,171,017

Assets$2,164,111

Income$4,428,017

Contributions$2,409,820

Management and general$1,495,737

Stocks and bonds$1,503

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KIMBERLY BARESPRESIDENT & CEO · 40 hrs/week $315,851

ELLEN FARRAREXECUTIVE PRODUCER · 40 hrs/week $152,457

DENISE FEULNERDIRECTOR OF MARKETING · 40 hrs/week $144,293

KAREN HICKEYDIRECTOR OF MEMBERSHIP · 40 hrs/week $113,217

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (100)

KIMBERLY BARESPRESIDENT & CEO

ELLEN FARRAREXECUTIVE PRODUCER

DENISE FEULNERDIRECTOR OF MARKETING

KAREN HICKEYDIRECTOR OF MEMBERSHIP

AILEEN GASPARIDIRECTOR

ALEXIS BROWNDIRECTOR

ALI AZHARDIRECTOR

ANDREW CARLSONDIRECTOR

ANGELA BAUERDIRECTOR

ANTHONY OLLMANNDIRECTOR

ANTHONY ZAMORADIRECTOR

AUBREY AGRADIRECTOR

BARRY GRAHAMDIRECTOR

CAMILLE JULMYDIRECTOR

CAROLYN ASCHERDIRECTOR

CHIP COLLOPYDIRECTOR

CHRIS HOWARDDIRECTOR

CHRISTINE CARLYLEDIRECTOR

CHRISTINE RELLERDIRECTOR

CHRISTOPHER CAWLEYDIRECTOR

CINDY IRANIDIRECTOR

CLAUDIA JONESDIRECTOR

CLAY SPENCERDIRECTOR

DAMIEN MCARDLEDIRECTOR

DAN GIBBONSDIRECTOR

DAN RUSSELLDIRECTOR

DANNY WIRTZDIRECTOR

DAVID MACKNINDIRECTOR

DAVID STONEDIRECTOR

DEAN KUTRUMANESDIRECTOR

DIRECTORDIRECTOR

DONALD VERSENDIRECTOR

DONNA PUGHDIRECTOR

DONOVAN PEPPERDIRECTOR

ELEANOR GORSKIDIRECTOR

GABRIEL CONSTANTINTREASURER

GAIL SPREENDIRECTOR

GEOFF ALEXANDERDIRECTOR

GEORGE DILEONARDIDIRECTOR

GRACE BORGSTROMDIRECTOR

GRACE RAPPEDIRECTOR

GRANT DEPORTERDIRECTOR

HEATHER WAY KITZESDIRECTOR

HOLLY AGRADIRECTOR

HOWARD MEYERDIRECTOR

JACQUELINE DAVISDIRECTOR

JACQUELINE HAYESDIRECTOR

JENNIFER CLARKDIRECTOR

JENNIFER KUNDEDIRECTOR

JESSICA SHERWOODDIRECTOR

JOHN CLOTEDIRECTOR

JOHN MCCARTHYDIRECTOR

JOSEPH X CUSHINGDIRECTOR

JUSTINE FEDAKCHAIR

KAREN GANADIRECTOR

KATHLEEN GALLAGHERDIRECTOR

KATHY HENEGHANDIRECTOR

KEITH DOUGLASDIRECTOR

KELLY WISECARVERDIRECTOR

KIM HUTTODIRECTOR

LAURA BOSSERTDIRECTOR

LAURA CASTONGUAYDIRECTOR

LEE GOLUBDIRECTOR

LINDSAY HEARNDIRECTOR

LISA KEYDIRECTOR

LISA TIENKENDIRECTOR

LISA TIMBODIRECTOR

LOGAN LENKERDIRECTOR

LORI OLSONDIRECTOR

LOU RAIZINDIRECTOR

LYN MCKEANEYDIRECTOR

MARC SCHULMANDIRECTOR

MARIA ZECDIRECTOR

MARILYNN GARDNERDIRECTOR

MARY ANN ROSEDIRECTOR

MATTHEW HUSSDIRECTOR

MIKE EVANSDIRECTOR

MITCHELL FELDMANDIRECTOR

NABIL MOUBAYEDDIRECTOR

NANCY CAPADONADIRECTOR

NANCY PARIDYDIRECTOR

NICHOLE BENOLKENVICE CHAIR

NICK CANELLISDIRECTOR

PATRICK BIRCHALLDIRECTOR

PATRICK DONELLYDIRECTOR

PATRICK DONLEYDIRECTOR

PETER CARUSODIRECTOR

PETER SIMONCELLIDIRECTOR

RALPH WEBERDIRECTOR

RICH GAMBLEDIRECTOR

RICHARD CIALABRINIDIRECTOR

RICHARD SIMILIODIRECTOR

RICK FAWELLDIRECTOR

RICK SIMONDIRECTOR

ROBB LEONEDIRECTOR

ROBERT DIONDIRECTOR

ROGER WALTERSDIRECTOR

RYAN JACOBSONDIRECTOR

SHEVKET DARDOVSKIDIRECTOR

STACY SWEATDIRECTOR

About this charity

Recognized since: January 2021
Location: 625 N MICHIGAN AVE STE 401, CHICAGO, IL 60611-3186
County: Cook
In care of: KIMBERLY BARES
Primary officer: KIMBERLY BARES, President & CEO

How to reach them

WebsiteVisit the charity’s website Phone(312) 344-2336

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SSL ASSOCIATES LTD
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues