2024-09-23T13:58:52-05:00 2023-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-01-01 363480353 CHICAGO PUBLIC LIBRARY FOUNDATION CHIC 3122019830 200 W MADISON AVE 3RD FL CHICAGO IL 60606 BRENDA LANGSTRAAT BUI PRESIDENT 3122019830 2024-09-19 1 1 DAVID LOWENTHAL P00378651 3122071040 2024-09-09 2023 2024-08-08 14:25:15Z BRENDA LANGSTRAAT BUI 200 W MADISON AVE 3RD FL CHICAGO IL 60606 11614155 0 X WWW.CPLFOUNDATION.ORG X 1986 IL THE CHICAGO PUBLIC LIBRARY FOUNDATION ACCELERATES THE POTENTIAL OF OUR PUBLIC (SEE SCH O)LIBRARY BY INVESTING IN RESOURCES THAT TRANSFORM LIVES AND COMMUNITIES. 53 53 13 73 0 0 4039722 6243188 0 0 778102 1075206 -416831 -354325 4400993 6964069 0 0 0 0 1183761 1283257 0 0 1334316 2870862 4216833 4054623 5500090 346370 1463979 33747562 39009596 440075 559120 33307487 38450476 X ESTABLISHED IN 1986, THE CHICAGO PUBLIC LIBRARY FOUNDATION (CPLF) IS AN INDEPENDENT NONPROFIT THAT EXISTS TO ACCELERATE THE POTENTIAL OF OUR PUBLIC LIBRARY BY INVESTING IN RESOURCES THAT TRANSFORM LIVES AND COMMUNITIES. FOR MORE THAN 30 YEARS, WE HAVE CONNECTED (SEE SCH O) INDIVIDUALS, CORPORATIONS, NEIGHBORHOOD ORGANIZATIONS, AND CITY AGENCIES COMMITTED TO BUILDING A STRONGER AND MORE EQUITABLE CHICAGO. TOGETHER, WE MAKE PATHWAYS TO LEARNING, CREATIVITY, AND CIVIC ENGAGEMENT ACCESSIBLE TO CHICAGOANS OF ALL AGES THROUGH INVESTMENT ACROSS THREE FUNDING PRIORITY AREAS: CLOSING THE ACADEMIC OPPORTUNITY GAP; SPARKING CREATIVITY & CONNECTION FOR ALL; AND BRIDGING THE DIGITAL DIVIDE. 0 0 1280273 TOO MANY CHICAGO CHILDREN ARE BORN INTO CIRCUMSTANCES THAT LIMIT HOW FAR THEY WILL GO IN LIFE. WHETHER THAT'S THE NEIGHBORHOOD THEY GROW IN, THE SCHOOLS THEY HAVE ACCESS TO, THE RESOURCES THEIR PARENTS HAVE, EVEN THE QUALITY OF THE AIR, OUR CITY HAS LONG BEEN DIVIDED TO THE DETRIMENT OF NOT JUST INDIVIDUALS, BUT OF OUR COLLECTIVE PROSPERITY AS CHICAGOANS. SUPPORT FROM DONORS ENSURES STUDENTS AND THEIR FAMILIES CAN ACCESS FREE HOMEWORK HELP, TOOLS FOR SUPPORTING LANGUAGE AND LITERACY DEVELOPMENT, AND YEAR-ROUND STEM CONTENT THAT HELP ENSURE ALL OUR CITY'S CHILDREN HAVE THE SUPPORT THEY NEED TO SUCCEED EARLY IN LIFE AND TO KEEP ON SUCCEEDING. 1111197 CHICAGO'S WORLD-RENOWNED ARTS AND CULTURE SECTOR FUELS TREMENDOUS CREATIVE, ECONOMIC, AND INNOVATIVE GROWTH. BUT ACCESS TO BIG IDEAS AND TOP TALENT IS OFTEN FAR OUT OF REACH FOR LOWER-INCOME MEMBERS OF OUR COMMUNITY. AS A RESULT, MANY CHICAGOANS ARE SHUT OUT FROM THE MARKETPLACE OF CREATIVITY AND THE HOLISTIC BENEFITS OF THE ARTS. OUR CITY, IN TURN, MISSES OUT ON OPPORTUNITIES TO BE ELEVATED AND ENRICHED BY THE INCLUSION OF DIVERSE NEW VOICES AND VIEWPOINTS. DONORS ACTIVATE EVERYTHING FROM MAKER SPACES TO SPECIAL COLLECTIONS PROJECTS TO DISCUSSIONS WITH THE MOST THOUGHT-PROVOKING AUTHORS OF OUR TIME. THESEOFFERINGS INVITE ALL CHICAGOANS TO EXPLORE NEW WAYS OF EXPRESSING THEMSELVES AND IMAGINING NEW POSSIBILITIES NOT ONLY FOR THEIR OWN LIVES, BUT ALSO FOR OUR CITY AND THE WORLD. 564228 ACCORDING TO THE PEW RESEARCH CENTER, MORE THAN 40% OF LOWER-INCOME HOUSEHOLDS DON'T HAVE HOME BROADBAND SERVICES OR A TRADITIONAL COMPUTER. MANY OF THESE ADULTS AND OLDER ADULTS ALSO LACK THE SKILLS THEY NEED TO NAVIGATE OUR INCREASINGLY DIGITAL WORLD EFFECTIVELY AND SAFELY. WITHOUT THIS CRUCIAL KNOW-HOW, THOUSANDS OF CHICAGOANS ARE BLOCKED FROM ONLINE OPPORTUNITIES TO APPLY FOR JOBS, FIND EDUCATION AND HEALTH RESOURCES, PARTICIPATE IN CIVIC LIFE, AND CONNECT WITH LOVED ONES. OUR DIGITAL LITERACY AND LEARNING PROGRAMS REMOVE BARRIERS THROUGH CURATED RESOURCES, SKILLS-BUILDING SUPPORT, AND USER-FRIENDLY CHICAGO DIGITAL LEARNING MODULES ACCESSIBLE FROM ANY COMPUTER. TOGETHER, WE TRANSFORM LIVES THROUGH TECHNOLOGY. 554861 OTHER PROGRAMMATIC EXPENDITURES INCLUDE BRANCH PROGRAMS AND OTHER LIBRARY PROGRAMS THAT ARE HELD THROUGHOUT THE YEAR. 554861 3510559 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 122 0 1 13 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 53 53 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X X BETH DAVIS 3122019830 200 W MADISON ST 3RD FL CHICAGO IL 60602 ROBERT WISLOW CHAIRMAN 5.00 0.00 X X 0 0 0 DAVID CASPER VICE CHAIR 2.00 0.00 X X 0 0 0 ARCHANA KUMAR TREASURER 2.00 0.00 X X 0 0 0 BRUCE SAGAN SECRETARY 2.00 0.00 X X 0 0 0 CINDY PRITZKER CHAIRMAN EMERITUS 1.00 0.00 X X 0 0 0 HEATHER ALGER DIRECTOR 1.00 0.00 X 0 0 0 ALENA ANTIGUA DIRECTOR 1.00 0.00 X 0 0 0 MARGARET BACZKOWSKI DIRECTOR 1.00 0.00 X 0 0 0 WENDY BERGER DIRECTOR 1.00 0.00 X 0 0 0 JODI BLOCK DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN BOEGE DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW BREWER DIRECTOR 1.00 0.00 X 0 0 0 MARCY CARLIN DIRECTOR 1.00 0.00 X 0 0 0 ESTHER CHOY DIRECTOR 1.00 0.00 X 0 0 0 MONIQUE DEMORY DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH DONNELLY DIRECTOR 1.00 0.00 X 0 0 0 DEIRDRE DRAKE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL FASSNACHT DIRECTOR 1.00 0.00 X 0 0 0 LINDA FILLER DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER FRIEDES DIRECTOR 1.00 0.00 X 0 0 0 MARK GARTLAND DIRECTOR 1.00 0.00 X 0 0 0 GRAHAM C GRADY DIRECTOR 1.00 0.00 X 0 0 0 JACQUELINE GRIESDORN DIRECTOR 1.00 0.00 X 0 0 0 SUREN GUPTA DIRECTOR 1.00 0.00 X 0 0 0 FRANCIA HARRINGTON DIRECTOR 1.00 0.00 X 0 0 0 ADAM HECKTMAN DIRECTOR 1.00 0.00 X 0 0 0 STEVE HENDRY DIRECTOR 1.00 0.00 X 0 0 0 DAVID HEROY DIRECTOR 1.00 0.00 X 0 0 0 ADAM L HOEFLICH DIRECTOR 1.00 0.00 X 0 0 0 CARL JONES DIRECTOR 1.00 0.00 X 0 0 0 ANDREW LADD DIRECTOR 1.00 0.00 X 0 0 0 DONNA LAPIETRA DIRECTOR 1.00 0.00 X 0 0 0 ROGER LIEW DIRECTOR 1.00 0.00 X 0 0 0 BRYAN LOGAN DIRECTOR 1.00 0.00 X 0 0 0 CHERYL MAYBERRY MCKISSACK DIRECTOR 1.00 0.00 X 0 0 0 AMANDA MORRIS DIRECTOR 1.00 0.00 X 0 0 0 TRISHA L MOWBRAY DIRECTOR 1.00 0.00 X 0 0 0 AVANI NARANG DIRECTOR 1.00 0.00 X 0 0 0 ANDRES ORDONEZ DIRECTOR 1.00 0.00 X 0 0 0 SHEILA OWENS DIRECTOR 1.00 0.00 X 0 0 0 JANE PARK DIRECTOR 1.00 0.00 X 0 0 0 LINDA JOHNSON RICE DIRECTOR 1.00 0.00 X 0 0 0 TRISHA ROONEY DIRECTOR 1.00 0.00 X 0 0 0 MARIANNA RUIZ DIRECTOR 1.00 0.00 X 0 0 0 PRIYA SADARANGANI DIRECTOR 1.00 0.00 X 0 0 0 ANDREA SAENZ DIRECTOR 1.00 0.00 X 0 0 0 MARK SPROUT DIRECTOR 1.00 0.00 X 0 0 0 LAURENCE SZUMSKI DIRECTOR 1.00 0.00 X 0 0 0 CHERRYL THOMAS DIRECTOR 1.00 0.00 X 0 0 0 WADE THOMSON DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH TULACH DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL WILSON DIRECTOR 1.00 0.00 X 0 0 0 SUZANNE YOON DIRECTOR 1.00 0.00 X 0 0 0 BRENDA LANGSTRAAT BUI PRESIDENT & CEO 40.00 0.00 X 212180 0 41051 ELIZABETH ZACHARA DAVIS CHIEF OPERATING OFFICER 40.00 0.00 X 128500 0 23959 KATHERINE NARDIN CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 117830 0 22881 AUDREY PEIPER DIRECTOR OF LEGACY AND IMPACT GIVING 40.00 0.00 X 103754 0 10211 562264 0 98102 4 0 1 0 0 1019631 5223557 89396 6243188 626265 626265 4603288 4154347 448941 448941 448941 120000 1019631 495739 -375739 -375739 MISCELLANEOUS INCOME 900099 21414 21414 21414 6964069 0 0 720881 X 546401 279171 267230 541128 106413 434715 52237 9305 42932 70722 14464 56258 72769 45395 27374 3607 3607 40686 40686 7527 7527 639607 560045 42860 36702 439295 302871 136424 130019 109060 3428 17531 134631 49891 34323 50417 104739 37806 66933 209605 128179 8559 72867 9120 65 199 8856 11190 6031 5159 GRANT FUNDED POSITIONS 906775 906775 PROGRAM MATERIALS 823240 823240 HONORARIA 465577 465577 BOOKS, SUBSCRIPTIONS AN 164716 164356 360 126499 500 15441 110558 5500090 3510559 655215 1334316 4238711 4043363 155358 206073 980395 1763778 144960 103462 57399 79624 50148 50148 0 0 27963817 32701289 206922 112007 33747562 39009596 230140 443897 209935 115223 440075 559120 X 19371641 21693459 13935846 16757017 33307487 38450476 33747562 39009596 1463979 3679010 0 X 0 1 X 1 0 X 3972827 3391840 3668975 4039722 6243188 21316552 3972827 3391840 3668975 4039722 6243188 21316552 3168253 18148299 548309 387008 605314 684213 626265 2851109 153770 272251 72481 54875 141414 694791 24862452 0.72990 0.77930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 1 1 X X X 0 12246038 200000 2069557 588896 13926699 15229960 -2389434 594488 12246038 14033670 1757153 560863 15229960 12640175 1916917 523422 14033670 10897222 2232654 489701 12640175 0.09000 0.63000 0.28000 0 0 50148 50148 0 0 LEASE - OPERATING 115223 115223 10635552 3679010 3679010 6956542 7527 7527 6964069 5492563 0 5492563 7527 7527 5500090 PART III, LINE 4: THE FOUNDATION HAS ADOPTED A POLICY OF CAPITALIZING COLLECTIONS AT A NOMINAL VALUE IN ITS FINANCIAL STATEMENTS. ALTHOUGH THE FINANCIAL STATEMENTS DO NOT DISCLOSE THE CUMULATIVE VALUE OF COLLECTIONS, CERTAIN ARTWORK RECEIVED IN 1991 AS AN UNRESTRICTED DONATION HAS BEEN CATALOGED AND PRESERVED. SINCE 2003 THE ARTWORK HAS BEEN DISPLAYED, ON A PERMANENT LOAN, IN THE JOAN W. AND IRVING B. HARRIS THEATER FOR MUSIC AND DANCE. THE THEATER CARRIES A $2 MILLION INSURANCE POLICY ON THIS ARTWORK. PART V, LINE 4: THE FOUNDATION HAS AN ENDOWMENT DISTRIBUTION POLICY THAT DETERMINES A MAXIMUM SPENDING RATE OF 4.5 PERCENT APPLIED TO A ROLLING FOUR-YEAR AVERAGE OF THE FAIR VALUE OF ENDOWMENT INVESTMENTS. FUNDS ARE USE TO SUPPORT PROGRAM, FUNDRAISING AND MANAGEMENT AND GENERAL EXPENSES. LFA DINNER 1139631 1019631 120000 166332 329407 1139631 1019631 120000 166332 329407 495739 -375739 X 1 1 X 0 0 0 0 0 0 0 1 0 BRENDA LANGSTRAAT BUI PRESIDENT & CEO 206000 0 6180 0 0 0 28100 0 12951 0 253231 0 0 0 ELIZABETH ZACHARA DAVIS CHIEF OPERATING OFFICER 123500 0 5000 0 0 0 12350 0 11609 0 152459 0 0 0 PART I, LINE 1A THE BOARD APPROVED PAYMENT OF SOHO CLUB MEMBERSHIP FOR THE FOUNDATION'S PRESIDENT & CEO, BRENDA LANGSTRAAT. SINCE THE MAJORITY OF CLUB USE IS FOR BUSINESS PURPOSES, MONTHLY MEMBERSHIP AND RELATED ASSESSMENTS WILL BE PAID IN FULL BY THE FOUNDATION AND ARE NOT TREATED AS TAXABLE COMPENSATION. BRENDA IS RESPONSIBLE FOR PAYING ALL NON-BUSINESS RELATED FOOD AND OTHER CHARGES. PART I, LINE 7 THE CPLF BOARD OF DIRECTORS, AT THE RECOMMENDATION OF THE FINANCE COMMITTEE, APPROVES THE ANNUAL BUDGET, INCLUDING SALARY AND BENEFITS. THE SALARY OF THE PRESIDENT & CEO IS DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. BONUS CONSIDERATION IS EXECUTIVE COMMITTEE DRIVEN, WITH INPUT FROM THE CEO AND COO. BONUSES MAY BE CONSIDERED DUE TO EXTRAORDINARY STAFF TEAM PERFORMANCE AND/OR CIRCUMSTANCES WHEN THE TEAM HAS ADVANCED THE ORGANIZATION DURING A CHALLENGING TIME. X 89396 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A CANDIDATES FOR MEMBERS AND TO FILL VACANCIES ON THE BOARD OF DIRECTORS SHALL BE NOMINATED BY THE GOVERNANCE COMMITTEE. ADDITIONAL NOMINATIONS MAY BE MADE BY ANY MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS ELECTRONICALLY BEFORE IT IS FILED. BOARD MEMBERS REVIEW AND COMMENT ON THE RETURN. THE RETURN IS FILED AFTER REVIEW FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES DIRECTORS AND KEY EMPLOYEES TO FILL OUT AN ANNUAL QUESTIONNAIRE TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS USING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WILL BE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 560,045. MANAGEMENT AND GENERAL EXPENSES 42,860. FUNDRAISING EXPENSES 36,702. TOTAL EXPENSES 639,607.