2025-02-27T17:59:03-06:00 2024-06-30 420714325 RSM US LLP 30 SOUTH WACKER DR SUITE 3300 CHICAGO IL 606063392 990 2023-07-01 366154098 MUSEUM OF CONTEMPORARY ART MUSE 3123973808 220 EAST CHICAGO AVENUE CHICAGO IL 60611 WES MORAN CHIEF FINANCIAL OFFICER 3123973808 2025-02-25 1 1 REBEKUH ELEY P01247672 3126343400 2025-02-25 2023 2025-03-06 01:10:19Z WES MORAN 220 EAST CHICAGO AVENUE CHICAGO IL 60611 169110036 0 X WWW.MCACHICAGO.ORG X 1964 IL ENHANCE APPRECIATION OF CONTEMPORARY ART THROUGH EDUCATION, PROGRAMMING AND EXHIBITIONS. 65 64 217 80 93620 0 14985788 11374119 1747246 1677253 932482 2304464 1562531 1942729 19228047 17298565 0 0 0 0 13853422 15410743 264873 619568 5446035 18713055 21673812 32831350 37704123 -13603303 -20405558 214493199 210445908 39569964 39774996 174923235 170670912 X THE MCA IS AN INNOVATIVE AND COMPELLING CENTER OF CONTEMPORARY ART WHERE THE PUBLIC CAN DIRECTLY EXPERIENCE THE WORK AND IDEAS OF LIVING ARTISTS, AND UNDERSTAND THE HISTORICAL, SOCIAL AND CULTURAL CONTEXT OF THE ART OF OUR TIME. THE MUSEUM BOLDLY INTERWEAVES EXHIBITIONS, PERFORMANCES, COLLECTIONS, AND EDUCATIONAL PROGRAMS TO EXCITE, CHALLENGE, AND ILLUMINATE OUR VISITORS AND TO PROVIDE INSIGHT INTO THE CREATIVE PROCESS. THE MCA ASPIRES TO ENGAGE A BROAD AND DIVERSE AUDIENCE, CREATE A SENSE OF COMMUNITY AND BE A PLACE FOR CONTEMPLATION, STIMULATION, AND DISCUSSION ABOUT CONTEMPORARY ART AND CULTURE. 0 0 22047966 2969989 EXHIBITIONS: MCA EXHIBITIONS SEEK TO INTRODUCE AUDIENCES TO THE MOST IMPORTANT ART AND ARTISTS OF OUR TIME. EXHIBITIONS ARE DESIGNED TO EXCITE, CHALLENGE, AND ILLUMINATE OUR VISITORS, EXPLORE CURRENT CRITICAL ISSUES, ENCOURAGE CRITICAL THINKING, AND TO PROVIDE THEM WITH INSIGHT INTO THE CREATIVE PROCESS. IN THE FY24 FISCAL YEAR THE MUSEUM WELCOMED 207,047 ACROSS ALL ITS OFFERINGS. 2974368 73513 PERFORMANCE: THE MCA PRESENTS CUTTING-EDGE DANCE, THEATER, MUSIC, AS WELL AS PERFORMANCES THAT CROSS AND COMBINE GENRES. ARTISTS ARE IN ALL STAGES OF THEIR CAREERS, AND LOCAL, NATIONAL, AND INTERNATIONAL. THESE INCLUDE POPULAR SERIES LIKE OUR TUESDAYS ON THE TERRACE, ON STAGE, AND CHICAGO PERFORMS. OVER 10,000 PEOPLE ATTENDED THESE EVENTS, A NUMBER OF WHICH WERE FREE. 1941464 EDUCATION AND PUBLIC PROGRAMS: THE MCA'S EDUCATION AND PUBLIC PROGRAMMING DEPARTMENT PRODUCE NUMEROUS PROGRAMS THAT BENEFIT COMMUNITY MEMBERS OF ALL AGES AND BACKGROUNDS. OUR PROGRAMS SEEK TO CREATE A CONTINUUM OF LIFELONG LEARNING, WITH AN EMPHASIS ON SCHOOL AGE CHILDREN THROUGH OUR FREE FAMILY DAY PROGRAMS, TEACHER PROGRAMS, SCHOOL TOURS, AND PARTNERSHIPS WITH SPECIFIC SCHOOLS. MOST OF THESE PROGRAMS ARE FREE. OVER 8,000 PEOPLE HAVE BEEN WELCOMED TO THESE PROGRAMS. 26963798 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 300 0 1 217 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 65 64 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X WES MORAN 3123973808 220 EAST CHICAGO AVENUE CHICAGO IL 60611 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR 40.00 0.00 X X 855838 0 33408 CARI B SACKS BOARD CHAIR AND TRUSTEE 10.00 0.00 X X 0 0 0 ELLEN-BLAIR CHUBE VICE CHAIR AND TRUSTEE 5.00 0.00 X X 0 0 0 NICKOL R HACKETT VICE CHAIR AND TRUSTEE 5.00 0.00 X X 0 0 0 LESLIE BLUHM SECRETARY AND TRUSTEE 5.00 0.00 X X 0 0 0 MICHAEL CANMANN TREASURER AND TRUSTEE 5.00 0.00 X X 0 0 0 SARA ALBRECHT TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL ALPER TRUSTEE 2.00 0.00 X 0 0 0 PETER J BARACK TRUSTEE 2.00 0.00 X 0 0 0 JULIE BERNSTEIN TRUSTEE (UNTIL 06/24) 2.00 0.00 X 0 0 0 MARLENE BRESLOW-BLITSTEIN TRUSTEE 2.00 0.00 X 0 0 0 MARC BROOKS TRUSTEE 2.00 0.00 X 0 0 0 ROBERT BUFORD TRUSTEE 2.00 0.00 X 0 0 0 CAROL COHEN TRUSTEE 2.00 0.00 X 0 0 0 TARRAH COOPER WRIGHT TRUSTEE 2.00 0.00 X 0 0 0 NANCY CROWN TRUSTEE 2.00 0.00 X 0 0 0 DIMITRIS DASKALOPOULOS TRUSTEE 2.00 0.00 X 0 0 0 LAURA DAVIS TRUSTEE 2.00 0.00 X 0 0 0 ROBERT H DEFARES TRUSTEE 2.00 0.00 X 0 0 0 LISA DUARTE TRUSTEE 2.00 0.00 X 0 0 0 CHERYL S DURST TRUSTEE 2.00 0.00 X 0 0 0 LOIS EISEN TRUSTEE 2.00 0.00 X 0 0 0 DR JULIUS FEW TRUSTEE (UNTIL 02/24) 2.00 0.00 X 0 0 0 LARRY FIELDS TRUSTEE 2.00 0.00 X 0 0 0 NICHOLAS GIAMPIETRO TRUSTEE 2.00 0.00 X 0 0 0 RACHEL GRUND TRUSTEE 2.00 0.00 X 0 0 0 JACK GUTHMAN TRUSTEE 2.00 0.00 X 0 0 0 JOHN B HARRIS TRUSTEE 2.00 0.00 X 0 0 0 KING HARRIS TRUSTEE 2.00 0.00 X 0 0 0 JANAINA HEES TRUSTEE 2.00 0.00 X 0 0 0 CYNTHIA HUNT TRUSTEE 2.00 0.00 X 0 0 0 ANNE L KAPLAN TRUSTEE 2.00 0.00 X 0 0 0 GUY LAKONISHOK TRUSTEE 2.00 0.00 X 0 0 0 LIZ LEFKOFSKY TRUSTEE 2.00 0.00 X 0 0 0 JONATHAN LEVIN TRUSTEE 2.00 0.00 X 0 0 0 RON LEVIN TRUSTEE 2.00 0.00 X 0 0 0 JAMES H LITINSKY TRUSTEE 2.00 0.00 X 0 0 0 MARQUIS D MILLER TRUSTEE 2.00 0.00 X 0 0 0 CARRIES REYES MURPHY TRUSTEE 2.00 0.00 X 0 0 0 MARTIN NESBITT TRUSTEE 2.00 0.00 X 0 0 0 ASHLEY HEMPHILL NETZKY TRUSTEE (UNTIL 06/24) 2.00 0.00 X 0 0 0 MICHAEL O'GRADY TRUSTEE 2.00 0.00 X 0 0 0 JAY OWEN JR TRUSTEE (UNTIL 06/24) 2.00 0.00 X 0 0 0 CAROL PRINS TRUSTEE 2.00 0.00 X 0 0 0 NATHANIEL ROBINSON TRUSTEE 2.00 0.00 X 0 0 0 EVE ROGERS TRUSTEE 2.00 0.00 X 0 0 0 JOSHUA ROGERS TRUSTEE 2.00 0.00 X 0 0 0 ILAN SHALIT TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM SILVERSTEIN TRUSTEE 2.00 0.00 X 0 0 0 SARA SZOLD TRUSTEE 2.00 0.00 X 0 0 0 ROBIN LOEWENBERG TEBBE TRUSTEE 2.00 0.00 X 0 0 0 NIGEL F TELMAN TRUSTEE 2.00 0.00 X 0 0 0 DIA S WEIL TRUSTEE 2.00 0.00 X 0 0 0 PEDRO WEISS TRUSTEE (UNTIL 06/24) 2.00 0.00 X 0 0 0 I JOYCE YAUNG TRUSTEE 2.00 0.00 X 0 0 0 DANIEL YIH TRUSTEE 2.00 0.00 X 0 0 0 HELEN ZELL TRUSTEE 2.00 0.00 X 0 0 0 JOHN D CARTLAND LIFE TRUSTEE 2.00 0.00 X 0 0 0 MARSHALL FRONT LIFE TRUSTEE 2.00 0.00 X 0 0 0 HELYN D GOLDENBERG LIFE TRUSTEE 2.00 0.00 X 0 0 0 JAMES A GORDON LIFE TRUSTEE 2.00 0.00 X 0 0 0 MARY ITTELSON LIFE TRUSTEE 2.00 0.00 X 0 0 0 DON KAUL LIFE TRUSTEE 2.00 0.00 X 0 0 0 SALLY MEYERS KOVLER LIFE TRUSTEE 2.00 0.00 X 0 0 0 GAEL NEESON LIFE TRUSTEE 2.00 0.00 X 0 0 0 PENNY PRITZKER LIFE TRUSTEE 2.00 0.00 X 0 0 0 DORIE STERNBERG LIFE TRUSTEE 2.00 0.00 X 0 0 0 DARYL GERBER STOKOLS LIFE TRUSTEE 2.00 0.00 X 0 0 0 MARJORIE SUSMAN LIFE TRUSTEE 2.00 0.00 X 0 0 0 ALLEN M TURNER LIFE TRUSTEE 2.00 0.00 X 0 0 0 GWENDOLYN PERRY DAVIS DEPUTY DIRECTOR & COO 40.00 0.00 X 383485 0 29113 LAURA HERRERA CHIEF COMM. OFFICER (UNTIL 01/24) 40.00 0.00 X 247511 0 30771 WES MORAN CFO 40.00 0.00 X 137303 0 12837 RENE MORALES CHIEF CURATOR (UNTIL 04/24) 40.00 0.00 X 267738 0 27235 JOSHUA MANN SR. DIRECTOR OF PEOPLE AND CULTURE 40.00 0.00 X 213607 0 29791 MOLLIE ALEXANDER CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 196515 0 15449 GINA CROWLEY SR. DIRECTOR OF AUDIENCE EXPERIENCE 40.00 0.00 X 178408 0 14550 CLAIRE RUUD DIRECTOR OF CURATORIAL AFFAIRS 40.00 0.00 X 176294 0 12886 LISA KEY FORMER CHIEF INSTNL ADV OFFICER 40.00 0.00 X 165940 0 0 2822639 0 206040 28 1 1 0 SECURITAS SECURITY USA INC 12672 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SECURITY SERVICES 2486237 CHICAGO MANAGEMENT PERSONNEL SERVICES I 430 N MICHIGAN AVENUE SUITE 200 CHICAGO IL 60611 JANITORIAL/HOUSEKEEPING SERVICES 1512772 US ART COMPANY INC 78 PACELLA PARK DRIVE RANDOLPH MA 02368 ART STORAGE/TRANSPORT 1306137 DONALD A CAMPBELL & COMPANY INC 1 EAST WACKER DRIVE SUITE 2100 CHICAGO IL 60601 CONSULTING 619568 CULINAIRE INTERNATIONAL INC 8303 ELMBROOK DRIVE DALLAS TX 75247 CATERING SERVICES 583610 28 445486 2265257 2610763 6052613 439241 11374119 ADMISSIONS 712110 1430222 1430222 EXHIBITIONS 712110 173518 173518 PERFORMANCE 712110 73513 73513 1677253 1781631 1781631 776622 71137 563956 0 212666 71137 283803 71137 212666 148882660 30400 147880068 510159 1002592 -479759 522833 522833 239564 2265257 1390206 -1150642 -1150642 2867185 1467082 1400103 1366249 33854 REAL ESTATE LIMITED PARTNERSHIP I 900099 952648 952648 PARKING GARAGE 712110 234576 234576 FOOD SERVICE 712110 231757 231757 -9516 -11371 1855 1409465 17298565 3043502 93620 2787324 X 1589023 1119565 235133 234325 11559610 8056837 1754403 1748370 329464 232128 48752 48584 1033652 728272 152953 152427 898994 633397 133027 132570 186314 186314 95767 95767 619568 619568 595175 595175 7380001 5496341 814456 1069204 647397 452151 68414 126832 1180977 909641 134202 137134 1143200 885556 127430 130214 21514 16665 2398 2451 1595404 1235657 177930 181817 529703 382092 73008 74603 626303 485152 69813 71338 1089842 821269 136269 132304 2830405 2316027 260987 253391 343416 196088 50068 97260 ART ACQUISITIONS 1782400 1782400 COLLECTION SHIPPING & C 1401069 1046948 153115 201006 STORAGE AND CONSERVATIO 222294 166109 24293 31892 2631 1503 383 745 37704123 26963798 5294290 5446035 6823886 6933568 17798448 6812707 3868644 3380410 2742497 2716197 992850 925439 1212134 855857 84206465 46700325 38415073 37506140 20119100 45480856 116540163 100765246 5980404 5069488 214493199 210445908 3954357 4978775 251459 309336 29940064 29960043 5424084 4526842 39569964 39774996 X 120663984 122761320 54259251 47909592 174923235 170670912 214493199 210445908 X -20405558 16321041 -167806 X 0 1 X 1 0 X 10713013 14553934 26753562 12839132 9433812 74293453 1554913 1282723 2155160 2146656 1940307 9079759 12267926 15836657 28908722 14985788 11374119 83373212 2451200 80922012 834717 591340 1332384 1594408 2558253 6911102 0 0 0 0 0 741947 214055 522301 589556 1420836 3488695 93773009 6932076 0.86300 0.73020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 22199983 2708398 888986 24019395 21056006 1983476 839499 22199983 25814510 -3753430 1005074 21056006 20736032 5874518 796040 25814510 21358230 264842 887040 20736032 0.00000 0.73077 0.26923 0 0 3523258 3523258 71874762 39090049 32784713 8808445 7610276 1198169 37506140 ALTERNATIVE INVESTMENTS 43372561 F INTERNATIONAL & LARGE CAP EQUITIES 42327502 F MID CAP EQUITIES 13694045 F MULTIFAMILY PORTFOLIO LTD PARTNERSHIP 1371138 C 100765246 RENTAL DEPOSITS 140612 LEASE LIABILITIES - OPERATING 4386230 4526842 X 32341656 16321041 57631 -2717358 13661314 18680342 595175 -1976952 -1381777 17298565 36593979 57631 1976952 2034583 34559396 595175 2549552 3144727 37704123 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE COMMONLY FOLLOWED BY MOST AMERICAN ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTION IS NOT INCLUDED IN THE FINANCIAL STATEMENTS. CONTRIBUTIONS FOR THE PURCHASE OF ART OBJECTS, THE PROCEEDS FROM DEACCESSIONS OF ART AND THE COST OF ART OBJECTS PURCHASED ARE REPORTED AS OTHER CHANGES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. THE MUSEUM'S POLICY IS TO MAINTAIN AND CONTINUE TO ACQUIRE SIGNIFICANT WORKS OF CONTEMPORARY ART (PRINCIPALLY 1945 TO PRESENT). FROM TIME TO TIME, OBJECTS MAY BE SOLD IN ACCORDANCE WITH THE MUSEUM'S COLLECTION MANAGEMENT POLICY. DEACCESSIONS MAY RESULT IF ONE OF THE FOLLOWING CONDITIONS IS MET: (A) PHYSICAL CONDITION HAS DETERIORATED TO A POINT BEYOND DISPLAY OR STUDY; OR (B) AN OBJECT IS BELIEVED TO NO LONGER BE PERTINENT TO THE SCOPE OF THE MUSEUM'S COLLECTION. ALL PROCEEDS REALIZED FROM DEACCESSIONS ARE ALLOCATED TO PURCHASE OTHER WORKS OF ART. THERE WERE NO AMOUNTS REALIZED FOR DEACCESSION OF ART FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. PART III, LINE 4: THE COLLECTION IS COMPRISED OF OVER 7,000 OBJECTS IN ALL MEDIA CREATED DURING THE TWENTIETH AND TWENTY-FIRST CENTURIES. THROUGH EXHIBITIONS, PRESERVATION AND RESEARCH, THE COLLECTION SUPPORTS THE MUSEUM'S MISSION TO BE INNOVATIVE AND A COMPELLING CENTER OF CONTEMPORARY ART WHERE THE PUBLIC CAN DIRECTLY EXPERIENCE THE WORK AND IDEAS OF LIVING ARTISTS, AND UNDERSTAND THE HISTORICAL, SOCIAL AND CULTURAL CONTEXT OF THE ART OF OUR TIME. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE MUSEUM'S OPERATIONS, SUBJECT TO A SPENDING POLICY. UP TO 5% OF THE AVERAGE MARKET VALUE OF ASSETS OVER A 12 QUARTER PERIOD ENDING WITH THE PRIOR 12/31 IS MADE AVAILABLE FOR ANNUAL DRAWS. PART X, LINE 2: THE MUSEUM IS A CHARITABLE AND EDUCATIONAL ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE TAXES UNDER THE PROVISIONS OF SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ILLINOIS DEPARTMENT OF REVENUE HAS ALSO DECLARED BOTH THE MUSEUM AND ITS WAREHOUSE EXEMPT FROM REAL ESTATE PROPERTY TAXES. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE REQUIRING TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED SHOULD THE POSITION BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT BELIEVES THAT THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. THERE ARE NO TAX POSITIONS FOR WHICH A MATERIAL CHANGE IN ANY UNRECOGNIZED TAX BENEFIT OR LIABILITY IS REASONABLY POSSIBLE IN THE NEXT 12 MONTHS. THE MUSEUM FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAPS -167,806. ART ACQUISITIONS -1,782,400. STRATEGIC INITIATIVE EXPENSES -767,152. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,412,996. RENTAL EXPENSE -563,956. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,412,996. RENTAL EXPENSE 563,956. PART XII, LINE 4B - OTHER ADJUSTMENTS: STRATEGIC INITIATIVE EXPENSES 767,152. ART ACQUISITIONS 1,782,400. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES ARCHITECT FEES 8000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES ART 29400 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES ARTIST FEES 2316 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ARTIST FEES 3000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES ARTIST FEES 21850 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CYBER SECURITY 101682 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EXHIBITION RENTAL 31190 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES INSURANCE PREMIUM 2466 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES LICENSE FEES 2759 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ROYALTIES 3280 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES SERVICE FEES 2599 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SHIPPING 284831 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SUBSCRIPTIONS 4400 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SYMPOSIUM FEES 1697 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7949999 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 3870136 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 2268583 NORTH AMERICA 0 0 INVESTMENTS 426750 SOUTH AMERICA 0 0 INVESTMENTS 67096 SOUTH ASIA 0 0 INVESTMENTS 155628 0 0 0 0 0 0 199904 15037758 15237662 1 0 0 1 1 0 X 1 DONALD A CAMPBELL & COMPANY INC 1 EAST WACKER DRIVE SUITE 2100 CHICAGO IL 60601 FUNDRAISING CONSULTANT 0 0 619568 0 619568 IL ART EDGE 1721476 1628676 92800 154062 95548 792338 VISIONARY 570658 536748 33910 21985 177283 3 212687 99833 112854 91289 57701 2504821 2265257 239564 267336 95548 1027322 1390206 -1150642 X X X X X 1 1 0 0 0 0 0 1 0 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR 805838 0 50000 0 0 0 16500 0 16908 0 889246 0 0 0 GWENDOLYN PERRY DAVIS DEPUTY DIRECTOR & COO 351844 0 31641 0 0 0 16500 0 12613 0 412598 0 0 0 RENE MORALES CHIEF CURATOR (UNTIL 04/24) 267738 0 0 0 0 0 0 0 27235 0 294973 0 0 0 LAURA HERRERA CHIEF COMM. OFFICER (UNTIL 01/24) 218075 0 29436 0 0 0 0 0 30771 0 278282 0 0 0 JOSHUA MANN SR. DIRECTOR OF PEOPLE AND CULTURE 194680 0 18927 0 0 0 9391 0 20400 0 243398 0 0 0 MOLLIE ALEXANDER CHIEF DEVELOPMENT OFFICER 176515 0 0 0 20000 0 0 0 15449 0 211964 0 0 0 GINA CROWLEY SR. DIRECTOR OF AUDIENCE EXPERIENCE 174870 0 3538 0 0 0 8460 0 6090 0 192958 0 0 0 CLAIRE RUUD DIRECTOR OF CURATORIAL AFFAIRS 176294 0 0 0 0 0 8709 0 4177 0 189180 0 0 0 LISA KEY FORMER CHIEF INSTNL ADV OFFICER 847 0 0 0 165093 0 0 0 0 0 165940 0 0 0 WES MORAN CFO 122303 0 0 0 15000 0 0 0 12837 0 150140 0 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS PERFORMANCE, PEER DATA, SURVEYS, ETC. WHEN SETTING THE ANNUAL SALARY FOR THE PRITZKER DIRECTOR. AN EXTERNAL CONSULTANT CONFIRMED THAT THE PRITZKER DIRECTOR'S COMPENSATION FALLS BETWEEN THE 50TH PERCENTILE AND THE 75TH PERCENTILE FOR COMPARABLE ORGANIZATIONS. THE COMMITTEE DOCUMENTS ITS FINDINGS IN WRITING. PART I, LINES 4A-B LINE 4A: THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING THE YEAR: LISA KEY, FORMER CHIEF INSTITUTIONAL ADVANCEMENT OFFICER, IN THE AMOUNT OF $165,093. LINE 4B: THE PRITZKER DIRECTOR, MADELEINE GRYNSZTEJN, PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN EFFECTIVE NOVEMBER 1, 2017. THE PURPOSE OF THE PLAN IS TO PERMIT SELECTED EMPLOYEES OF THE MUSEUM TO RECEIVE SUPPLEMENTAL RETIREMENT INCOME THAT CANNOT BE PAID UNDER ITS QUALIFIED PLANS DUE TO THE REDUCTIONS AND LIMITATIONS IMPOSED BY SECTIONS 401(A)(17), 401(K)(3), 401(M) AND 415 OF THE INTERNAL REVENUE CODE OF 1986. PART I, LINE 7 BONUSES ARE PAID DURING THE YEAR AT THE DISCRETION OF MANAGEMENT. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2016-10-27 30000000 REFINANCE ILLINOIS DEVELOPMENT AUTHORITY REVENUE BONDS SERIES 1994 0 0 0 A 30000000 30000000 2016 1 0 1 1 A 0 0 0 0 0.04990 0.04990 0 0 1 A 1 1 0 0 0 0 A 0 X 88 0 X 17 439241 TRANSFERRED VALUE 11 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECIEVED. PART I, LINE 33: THE MUSEUM RECEIVED A COLLECTION OF ART DURING THE YEAR, HOWEVER ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G, BECAUSE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25 (ASC 958-360-25). FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRUSTEES HAVE A FAMILY RELATIONSHIP (1) DON KAUL AND LESLIE BLUHM. THE FOLLOWING TRUSTEES HAVE A BUSINESS RELATIONSHIP (1) MICHAEL CANMANN AND NANCY CROWN. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE IRS FORM 990 WAS DELEGATED TO THE AUDIT COMMITTEE. AFTER REVIEW, A DRAFT COPY OF FORM 990 WAS EMAILED TO ALL BOARD MEMBERS. AFTER A 30 DAY REVIEW PERIOD, THE FORM 990 IS THEN FILED ELECTRONICALLY WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM MAINTAINS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO ALL TRUSTEES, MEMBERS OF STANDING COMMITTEES, AS WELL AS SENIOR MANAGEMENT AND OTHER DESIGNATED MEMBERS OF STAFF. THE POLICY REQUIRES THAT EACH PERSON TO WHOM THE POLICY APPLIES COMPLETE THE ANNUAL DISCLOSURE STATEMENT TO IDENTIFY ANY BUSINESS, FINANCIAL OR PERSONAL INTEREST IN MATTERS RELATING TO THE MUSEUM. THE POLICY FORBIDS SUCH INDIVIDUALS FROM VOTING ON OR USING THEIR PERSONAL INFLUENCE IN CONNECTION WITH SUCH MATTERS. IN THE EVENT THE MUSEUM DOES CONDUCT BUSINESS WITH SUCH RELATED PARTY, THE FINANCIAL TERMS OF THOSE RELATIONSHIPS ARE REPORTED ANNUALLY TO THE AUDIT COMMITTEE, WHOSE MEMBERS MUST BE INDEPENDENT PER THE TERMS OF THE CHARTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS PERFORMANCE, GOAL ACHIEVEMENT, PEER DATA, SURVEYS, ETC., WHEN SETTING THE ANNUAL SALARY FOR THE PRITZKER DIRECTOR/CHIEF EXECUTIVE OFFICER. DURING THE YEAR, THE COMMITTEE ENGAGED AN EXTERNAL CONSULTANT TO DOCUMENT THAT THE PRITZKER DIRECTOR'S COMPENSATION FALLS BETWEEN THE 50TH PERCENTILE AND THE 75TH PERCENTILE FOR COMPARABLE ORGANIZATIONS. THE COMMITTEE DOCUMENTS ITS FINDINGS IN WRITING, AND EMPLOYEES ARE NOT PRESENT WHEN THEIR COMPENSATION IS SET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE MUSEUM WILL PROVIDE A PUBLIC DISCLOSURE COPY OF THE 990. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 1,464,521. MANAGEMENT AND GENERAL EXPENSES 214,184. FUNDRAISING EXPENSES 281,177. TOTAL EXPENSES 1,959,882. CONTRACT LABOR - SECURITY: PROGRAM SERVICE EXPENSES 1,855,537. MANAGEMENT AND GENERAL EXPENSES 271,369. FUNDRAISING EXPENSES 356,249. TOTAL EXPENSES 2,483,155. ARTIST FEES: PROGRAM SERVICE EXPENSES 242,014. MANAGEMENT AND GENERAL EXPENSES 35,394. FUNDRAISING EXPENSES 46,465. TOTAL EXPENSES 323,873. JANITORIAL SERVICES: PROGRAM SERVICE EXPENSES 622,431. MANAGEMENT AND GENERAL EXPENSES 91,030. FUNDRAISING EXPENSES 119,502. TOTAL EXPENSES 832,963. ALL OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,311,838. MANAGEMENT AND GENERAL EXPENSES 202,479. FUNDRAISING EXPENSES 265,811. TOTAL EXPENSES 1,780,128. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -167,806.