2024-10-04T15:04:33-05:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2023-01-01 274813461 NAVY PIER INC NAVY 3125957437 600 EAST GRAND AVENUE CHICAGO IL 606113419 MARILYNN GARDNER PRESIDENT/CEO 3125957437 2024-10-04 1 1 BRIDGET ROCHE P00666837 3128560200 2023 2024-10-15 13:58:12Z MARILYNN GARDNER 600 EAST GRAND AVENUE CHICAGO IL 606113419 88686790 0 X WWW.NAVYPIER.ORG X 2011 IL NAVY PIER, CHICAGO'S ICONIC LAKEFRONT TREASURE AND CULTURAL INSTITUTION, IS (SEE SCHEDULE O)AN ALL-WELCOMING, YEAR-ROUND CIVIC AND CULTURAL DESTINATION WHICH IS FREE TO THE PUBLIC, OFFERING UNIQUE DINING, RETAIL, ENTERTAINMENT AND FREE PROGRAMMING TO NEARLY 9 MILLION GUESTS ANNUALLY, WHILE RELIEVING THE BURDEN OF THE GOVERNMENT TO MAINTAIN AND OPERATE THE HISTORIC DESTINATION. 28 27 466 100 0 0 14353875 4663467 52139991 59801690 67010 420729 3809890 1972209 70370766 66858095 0 0 0 0 12370679 14158641 32500 0 1178100 58764932 59995778 71168111 74154419 -797345 -7296324 198751682 187290594 80114129 75591479 118637553 111699115 X NAVY PIER IS THE "PEOPLE'S PIER AND AIMS TO FULFILL VISIONARY DANIEL BURNHAM'S EDICT THAT CHICAGO'S MAGNIFICENT LAKEFRONT REMAIN OPEN AND AVAILABLE TO THE PEOPLE. THROUGH 50 ACRES OF PARKS AND UNMATCHED VIEWS OF THE CITY SKYLINE TOUCHING THE ENDLESS SHORELINE, (SEE SCHEDULE O) NAVY PIER ENGAGES LOCALS AND VISTORS BY PROVIDING DYNAMIC AND ECLECTIC EXPERIENCES THROUGH PARTNERSHIPS AND PROGRAMS THAT INSPIRE DISCOVERY AND WONDER. 0 0 66230301 0 59801690 AS AN ICON OF THE CITY, NAVY PIER IS FIRMLY ROOTED IN CHICAGO'S VIBRANT CULTURE, UNIQUE ARCHITECTURE, AND CONNECTED COMMUNITIES. AS THE LONGEST PIER IN THE WORLD, NAVY PIER IS A VITAL ECONOMIC ENGINE AND PROUD FIRST EMPLOYER, PROVIDING SPACE AND BUSINESS DEVELOPMENT OPPORTUNITIES FOR SMALL AND LOCALLY-OWNED BUSINESSES AND SUSTAINING 3,000 JOBS ANNUALLY, OFTEN THROUGH JOB-SKILLS TRAINING. NAVY PIER PROVIDES A YEAR-ROUND WORLD-CLASS PLATFORM FOR CHICAGO'S CULTURAL COMMUNITY, PARTNERING WITH THOUSANDS OF INDIVIDUAL ARTISTS AND HUNDREDS OF PERFORMING ORGANIZATIONS THAT REPRESENT THE VIBRANCY OF CHICAGO AND ITS 77 NEIGHBORHOODS. NAVY PIER IS HOME TO NONPROFIT PARTNERS CHICAGO SHAKESPEARE THEATER, CHICAGO CHILDREN'S MUSEUM, AND CHICAGO PUBLIC MEDIA AND PROUDLY PRESENTS CULTURAL PROGRAMMING (SEE SCHEDULE O)INTENDED TO INSPIRE, EDUCATE, AND AUTHENTICALLY CONNECT ARTISTS TO AUDIENCES. HIGHLIGHTS INCLUDE:- NAVY PIER'S POPULAR FREE PROGRAMS, SUCH AS LIVE ON THE LAKE! AND SKYLINE SESSIONS (LIVE MUSIC SERIES); WAVE WALL WAX (DJ SERIES); PIER FITNESS (EXERCISE AND YOGA SERIES); WATER FLICKS (OUTDOOR FILM SERIES); NAVY PIER PRIDE (ANNUAL LGBTQ+ PRIDE CELEBRATION); AND CHICAGO'S FREE FIREWORKS.- LATINXT: A TWO-DAY LATIN MUSIC FESTIVAL FEATURING NEXT-GENERATION, TRADITION-BENDING MUSIC FROM LOCAL AND INTERNATIONAL LATINX ARTISTS.- FRESH FEST!: A TWO-DAY SHOWCASE FEATURING TALENTED LOCAL YOUTH.- CHI-SOUL FEST: A TWO-DAY MUSIC FESTIVAL FEATURING AND CELEBRATING CHICAGO'S NEWEST AND LEGENDARY SOUL ARTISTS.- CHICAGO LIVE: THE MIDWEST'S LARGEST FREE PERFORMING ARTS FESTIVAL.- COMMUNITY RIDES: ANNUALLY PROVIDES TRANSPORTATION STIPENDS AND 10,000 COMPLIMENTARY TICKETS TO LOCAL COMMUNITY ORGANIZATIONS AND SCHOOLS.NAVY PIER IS GOVERNED BY A 30-MEMBER VOLUNTEER BOARD OF DIRECTORS CONSISTING OF BUSINESS AND CIVIC LEADERS, AND CONTINUES TO OPERATE DILIGENTLY UNDER ITS CORE VALUES OF EXCELLENCE, INCLUSION, STEWARDSHIP, AND INTEGRITY. 0 0 0 0 0 0 0 0 0 66230301 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 436 0 1 466 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X JEFFREY BROWN 3125955205 600 EAST GRAND AVENUE CHICAGO IL 606113419 MARILYNN GARDNER PRESIDENT & CEO 37.50 0.00 X X 617547 0 64101 JENNIFER STEANS CHAIR (AS OF 02/2023) 5.00 0.00 X X 0 0 0 WILLIAM J BRODSKY CHAIR (THRU 02/2023) 5.00 0.00 X X 0 0 0 STEVE KOCH VICE CHAIR (AS OF 02/2023) 5.00 0.00 X X 0 0 0 MICHELLE L COLLINS SECRETARY 5.00 0.00 X X 0 0 0 JILL GRIEBENOW TREASURER 5.00 0.00 X X 0 0 0 JEFF BETHKE EX-OFFICIO 1.00 0.00 X 0 0 0 JAMES BLAIR DIRECTOR 1.00 0.00 X 0 0 0 JOHN BUCKSBAUM DIRECTOR 1.00 0.00 X 0 0 0 GISSELLE CASTILLO-VEREMIS DIRECTOR (THRU 02/2023) 1.00 0.00 X 0 0 0 GERY J CHICO DIRECTOR 1.00 0.00 X 0 0 0 EILEEN CHIN DIRECTOR (AS OF 02/2023) 1.00 0.00 X 0 0 0 LARITA CLARK EX-OFFICIO 1.00 0.00 X 0 0 0 RICARDO ESTRADA DIRECTOR (THRU 06/2023) 1.00 0.00 X 0 0 0 SASHA GERRITSON DIRECTOR (AS OF 02/2023) 1.00 0.00 X 0 0 0 SCOTT GOODMAN DIRECTOR 1.00 0.00 X 0 0 0 SANDRA P GUTHMAN DIRECTOR 1.00 0.00 X 0 0 0 SYREETA HARRIS STRICKLAND DIRECTOR (AS OF 02/2023) 1.00 0.00 X 0 0 0 DEAN M HARRISON DIRECTOR 1.00 0.00 X 0 0 0 EMILY HEISLEY STOECKEL DIRECTOR 1.00 0.00 X 0 0 0 TORRENCE HINTON DIRECTOR 1.00 0.00 X 0 0 0 TRAVIS HUNTER DIRECTOR (AS OF 12/2023) 1.00 0.00 X 0 0 0 LAURA KEIDAN MARTIN DIRECTOR 1.00 0.00 X 0 0 0 LISA KONIK ARONIN DIRECTOR (THRU 02/2023) 1.00 0.00 X 0 0 0 AARTI KOTAK DIRECTOR (AS OF 02/2023) 1.00 0.00 X 0 0 0 ROBIN LOEWENBERG TEBBE DIRECTOR (THRU 02/2023) 1.00 0.00 X 0 0 0 TERRANCE B MCGANN EX-OFFICIO (AS OF 02/2023) 1.00 0.00 X 0 0 0 SUZET MCKINNEY DIRECTOR (AS OF 02/2023) 1.00 0.00 X 0 0 0 RICHARD S PRICE DIRECTOR 1.00 0.00 X 0 0 0 JORGE RAMIREZ DIRECTOR 1.00 0.00 X 0 0 0 BRIDGET REIDY DIRECTOR 1.00 0.00 X 0 0 0 SMITA SHAH DIRECTOR 1.00 0.00 X 0 0 0 JOHN H SIMPSON DIRECTOR 1.00 0.00 X 0 0 0 ERIC SMITH DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL A TOOLIS DIRECTOR (THRU 02/2023) 1.00 0.00 X 0 0 0 KELLY R WELSH DIRECTOR 1.00 0.00 X 0 0 0 PHIL WILMINGTON DIRECTOR (AS OF 12/2023) 1.00 0.00 X 0 0 0 JEFFREY BROWN CFO & ASST. TREASURER 37.50 0.00 X 297010 0 24592 CHONA MAGLAYA VP AND ASST SEC'Y 37.50 0.00 X 187047 0 12257 BRIAN MURPHY CHIEF OPERATING OFFICER 37.50 0.00 X 398054 0 64551 ARNALDO RIVERA CHIEF ADMIN. & EQUITY OFF. 37.50 0.00 X 286422 0 18757 SETH KAGY GENERAL MANAGER 37.50 0.00 X 239613 0 57876 DAN MITCHELL VP OF CONSTRUCTION 37.50 0.00 X 202869 0 55969 MICHAEL DEGNAN SVP OF OPERATIONS 37.50 0.00 X 201387 0 56924 AMANDA WILLARD VP OF MARKETING & COMMUNICATIONS 37.50 0.00 X 216967 0 38678 ELIZABETH HALAJIAN INTERIM SENIOR VP OF ADVANCEMENT 37.50 0.00 X 192380 0 54175 2839296 0 447880 34 0 1 0 LEVY RESTAURANTS 980 NORTH MICHIGAN AVENUE CHICAGO IL 60611 CATERING 6927559 ARAMARK GLOBETROTTERS LLC 2301 S LAKE SHORE DRIVE CHICAGO IL 60616 HOUSEKEEPING 5122449 ABM PARKING SERVICES 180 NORTH LASALLE STREET SUITE 170 CHICAGO IL 60601 CONTRACTED SERVICES 5021147 ALLIED UNIVERSAL SECURITY SERVICES 55 EAST JACKSON BOULEVARD CHICAGO IL 60604 SECURITY 3053817 JMS ELECTRIC 871 EAST STATE PARKWAY SCHAUMBURG IL 60173 ELECTRICAL 1885323 50 1424433 1729201 1509833 121213 4663467 RETAIL 459420 14950196 14950196 USE OF EXHIBITION FACILITIES 532000 14540124 14540124 PIER PARK AMUSEMENTS 713110 14420724 14420724 PUBLIC PARKING 480000 13028041 13028041 FACILITY FEES 900099 2118777 2118777 743828 743828 59801690 368076 368076 21487370 21434717 52653 52653 52653 100992 1424433 393978 -292986 -292986 SPONSORSHIPS 900099 2205053 2205053 COMMISSION 900099 8674 8674 REBATES 900099 4670 4670 46798 46798 2265195 66858095 59801690 0 2392938 X 1786081 589003 962294 234784 8624303 6120926 2028840 474537 1191602 1000558 151088 39956 1498530 1168048 267777 62705 1058125 794079 208962 55084 19065949 19027267 12718 25964 285071 285071 138648 138648 11315197 10420806 802216 92175 3083579 3046198 32432 4949 1065741 1034634 20184 10923 1117572 772365 328665 16542 7489481 6656316 793498 39667 222408 109534 74514 38360 2964989 2920870 29413 14706 10709891 10549243 107099 53549 1947974 1818768 120341 8865 DUES & SUBSCRIPTIONS 67993 25238 37896 4859 TRAINING 43779 22894 20510 375 477506 153554 323852 100 74154419 66230301 6746018 1178100 9679768 5682494 1562725 9592340 5833843 5263581 2111991 2607239 932876 1344569 235411397 77929996 164117796 157481401 14512683 5318970 198751682 187290594 8113912 7200063 6668075 6164507 40913249 38616473 22864451 21207553 1554442 2402883 80114129 75591479 X 110264261 104066515 8373292 7632600 118637553 111699115 198751682 187290594 X -7296324 231200 126686 X 0 1 X 1 1 1 X 2402511 4544012 22904723 14353875 4663467 48868588 2402511 4544012 22904723 14353875 4663467 48868588 8763260 40105328 291107 121350 8681 52128 368076 841342 0 0 19850 0 0 19850 636482 186756 2594565 2986912 2366187 8770902 58500682 227354067 0.68560 0.68830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2019 AMOUNT: $ 153,636. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 91,969. 2023 AMOUNT: $ 100,992. REBATES COMMISSIONS - 2019 AMOUNT: $ 482,846. 2020 AMOUNT: $ 186,756. 2021 AMOUNT: $ 483,509. 2022 AMOUNT: $ 157,974. 2023 AMOUNT: $ 60,142. SPONSORSHIPS - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 1,748,556. 2022 AMOUNT: $ 2,736,969. 2023 AMOUNT: $ 2,205,053. INSURANCE RECOVERY - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 362,500. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 195426261 61214421 134211840 32918875 14490780 18428095 7066261 2224795 4841466 157481401 ADVANCED DEPOSITS 2402883 2402883 X 68184053 231200 574094 126686 931980 67252073 -393978 -393978 66858095 75122491 574094 393978 968072 74154419 0 74154419 PART X, LINE 2: NPI HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, EXCEPT FROM INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED GUIDANCE THAT REQUIRES 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 IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. THERE ARE NO INTEREST OR PENALTIES RECOGNIZED IN THE FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ADJUSTMENT - LIABILITIES WRITE-OFF 126,686. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -393,978. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 393,978. X X X X X X X 1 PJH & ASSOCIATES 205 WEST WACKER DRIVE CHICAGO IL 60606 PROFESSIONAL FUNDRAISING CONSULTING FOR 2023 GALA 0 1479082 75599 1403483 1479082 75599 1403483 IL GALA 2023: A LEGACY EXPERIENCE 1479082 1385082 94000 0 23881 5486 147798 6650 199240 NAVY PIER 5K 37007 34832 2175 0 0 0 1847 4244 1 9336 4519 4817 0 0 0 4317 0 515 1525425 1424433 100992 23881 5486 153962 6650 203999 393978 -292986 PART I, LINE 2B(I): FUNDRAISING SERVICES PATRICIA HURLEY AND ASSOCIATES IS AN ESTABLISHED FUNDRAISING CONSULTING FIRM THAT WAS HIRED TO SUPPORT NAVY PIER'S ANNUAL GALA HELD ON SEPTEMBER 14, 2023. THEIR SERVICES INCLUDED SPECIAL EVENT SUPPORT, VENDOR RELATIONS, CONTRACT REVIEW, FUNDRAISING GUIDANCE, AND COMMUNICATION DEPLOYMENT. X X X X X 0 0 0 0 0 0 0 1 0 MARILYNN GARDNER PRESIDENT & CEO 451825 0 164308 0 1414 0 19800 0 44301 0 681648 0 0 0 BRIAN MURPHY CHIEF OPERATING OFFICER 311568 0 85948 0 538 0 19800 0 44751 0 462605 0 0 0 JEFFREY BROWN CFO & ASST. TREASURER 249116 0 47750 0 144 0 18112 0 6480 0 321602 0 0 0 ARNALDO RIVERA CHIEF ADMIN. & EQUITY OFF. 239172 0 47250 0 0 0 17185 0 1572 0 305179 0 0 0 SETH KAGY GENERAL MANAGER 213339 0 26160 0 114 0 14274 0 43602 0 297489 0 0 0 DAN MITCHELL VP OF CONSTRUCTION 201997 0 0 0 872 0 12776 0 43193 0 258838 0 0 0 MICHAEL DEGNAN SVP OF OPERATIONS 200819 0 0 0 568 0 12531 0 44393 0 258311 0 0 0 AMANDA WILLARD VP OF MARKETING & COMMUNICATIONS 211967 0 5000 0 0 0 13324 0 25354 0 255645 0 0 0 ELIZABETH HALAJIAN INTERIM SENIOR VP OF ADVANCEMENT 192380 0 0 0 0 0 12301 0 41874 0 246555 0 0 0 CHONA MAGLAYA VP AND ASST SEC'Y 186923 0 0 0 124 0 11215 0 1042 0 199304 0 0 0 PART I, LINE 7 NON-FIXED PAYMENTS INCENTIVE PAYMENTS WERE BASED ON PRE-ESTABLISHED METRICS AND SUBJECT TO REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. A IL FINANCE AUTHORITY REV BONDS 861091967 2014-12-16 26500000 EQUIPMENT/CAPITAL PROJECTS/THEATRE 0 0 0 B IL FINANCE AUTHORITY REV BONDS 861091967 2017-10-12 19250000 REFUND PRIOR ISSUE FROM 12/16/14 0 0 0 A 4093710 26695389 26695389 2017 0 0 1 1 B 3188580 19257223 1005453 18251770 2017 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: IL FINANCE AUTHORITY REV BONDS (F) DESCRIPTION OF PURPOSE: REFUND PRIOR ISSUE FROM 12/16/14 SCHEDULE K, PART I, COLUMN F: COLUMN A: $26,684,702 OF THE PROCEEDS WERE USED TO MANUFACTURE AND INSTALL A NEW OBSERVATION WHEEL AND COMPLETE NECESSARY STRUCTURAL IMPROVEMENTS. COLUMN B: $18,251,770 OF THE LOAN WAS USED TO REFUND A PRIOR ISSUE AND $1,003,057 WAS USED TO COMPLETE CAPITAL PROJECTS INCLUDING CONSTRUCTION OF A LIVE PERFORMANCE THEATRE. THIS BOND WAS ISSUED ON 10/12/2017 AS A REFUND FOR A PRIOR ISSUE. PROCEEDS: THE VARIANCE BETWEEN PROCEEDS IN PART I AND PROCEEDS IN PART II LINE 3, IS INTEREST EARNINGS ON THE PROCEEDS. PATRICK GARDNER SPOUSE OF PRESIDENT/CEO 29078 EMPLOYEE OF NAVY PIER, INC. 0 SCHEDULE L, PART IV, LINE 1: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONSPATRICK GARDNER IS A PART-TIME STAGEHAND EMPLOYEE OF NAVY PIER, INC. AND IS THE HUSBAND OF MARILYNN GARDNER, WHO CURRENTLY SERVES AS NAVY PIER, INC'S. PRESIDENT AND CEO. MRS. GARDNER HAS NO DIRECT INVOLVEMENT IN THE DETERMINATION OF MR. GARDNER'S COMPENSATION OR SCHEDULING. HIS RATE OF PAY IS DETERMINED BY A COLLECTIVE BARGAINING AGREEMENT, AND SCHEDULE IS DETERMINED BASED ON LABOR REQUIREMENTS OF OUTSIDE SHOWS AND EVENTS USING THE PIER'S FACILITY. X 11 87366 FMV X 1 10000 FMV X RAFFLE PRIZES 1 22000 FMV X FOOD & BEVERAGES 5 1847 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN SCHEDULE M, PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 PATRICK GARDNER IS A PART-TIME STAGEHAND EMPLOYEE OF NAVY PIER, INC. AND IS THE HUSBAND OF MARILYNN GARDNER, WHO CURRENTLY SERVES AS NAVY PIER, INC'S. PRESIDENT AND CEO. MRS. GARDNER HAS NO DIRECT INVOLVEMENT IN THE DETERMINATION OF MR. GARDNER'S COMPENSATION OR SCHEDULING. HIS RATE OF PAY IS DETERMINED BY A COLLECTIVE BARGAINING AGREEMENT, AND SCHEDULE IS DETERMINED BASED ON LABOR REQUIREMENTS OF OUTSIDE SHOWS AND EVENTS USING THE PIER'S FACILITY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STAKEHOLDERS WHO MAY ELECT UNDER THE LEASE AGREEMENT BETWEEN NAVY PIER, INC. AND THE METROPOLITAN PIER AND EXPOSITION AUTHORITY (MPEA), THE CHAIR OF THE BOARD, THE SECRETARY-TREASURER AND THE CHIEF EXECUTIVE OFFICER OF MPEA ARE REQUIRED TO BE VOTING MEMBERS OF NAVY PIER, INC.'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY NAVY PIER, INC.'S VICE PRESIDENT OF FINANCE, ASSISTANT CONTROLLER AND AN OUTSIDE CPA FIRM. THE FORM 990 IS REVIEWED BY NPI'S CFO, PRESIDENT AND CEO, AND FINANCE COMMITTEE PRIOR TO FINAL APPROVAL OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY NAVY PIER MAINTAINS A CONFLICT-OF-INTEREST POLICY COVERING DIRECTOR, OFFICER, MEMBER OF A COMMITTEE OF THE BOARD OF DIRECTORS OF NAVY PIER, INC., OR KEY EMPLOYEE (AS DEFINED BY THE IRS IN INSTRUCTIONS FOR FROM 990) WHICH REQUIRES DISCLOSURE OF FINANCIAL INTERESTS THAT PRESENT A POTENTIAL CONFLICT OF INTEREST AS DEFINED IN THE POLICY. ANNUAL ATTESTATIONS ARE REQUIRED AS WELL AS IMMEDIATE DISCLOSURE IF A POTENTIAL CONFLICT ARISES. THE BOARD OF DIRECTORS ADJUDICATES IF A CONFLICT EXISTS AND IF THE TRANSACTION SHOULD PROCEED BASED UPON THE BEST INTEREST OF THE COMPANY. NAVY PIER, INC. ALSO MAINTAINS A WHISTLEBLOWER POLICY THAT INCLUDES THE ABILITY TO PROVIDE ANONYMOUS INFORMATION VIA A HOTLINE. SUCH INFORMATION IS REPORTED TO THE HEAD OF PEOPLE AND CULTURE. THIS PERSON MAKES A RECORD OF THE COMPLAINT, CONDUCTS AN INVESTIGATION, MAKES FINDINGS AND RECOMMENDS OR IMPLEMENTS CORRECTIVE ACTION IF APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION THE EXECUTIVE COMMITTEE REVIEWS THE GOALS AND PERFORMANCE OF THE PRESIDENT AND CEO AND SENIOR LEADERSHIP TEAM. THE COMMITTEE ALSO RETAINS AN INDEPENDENT CONSULTANT WHO CONDUCTS AN INDEPENDENT EVALUATION USING COMPENSATION DATA OF THE RELEVANT KEY EMPLOYEES AT LOCAL AND NATIONAL PEER INSTITUTIONS. THE MOST RECENT COMPENSTAION SURVEY WAS CONDUCTED IN 2023. THE EXECUTIVE COMMITTEE REVIEWS THE INFORMATION PROVIDED BY THE INDEPENDENT CONSULTANT AND APPROVES RECOMMENDATIONS PROVIDED BY THE PRESIDENT AND CEO FOR COMPENSATION OF KEY EMPLOYEES. THE EVALUATIONS, REVIEWS, COMMENTS AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. THE PRESIDENT AND CEO REVIEWS THE GOALS AND PERFORMANCE OF SENIOR STAFF AND REVIEWS THE COMPENSATION DATA OF THE COMPARABLE KEY EMPLOYEES OF WHICH RECOMMENDATIONS ARE REVIEWED, MODIFIED AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 4,018,917. TOTAL EXPENSES 4,018,917. HOUSEKEEPING: PROGRAM SERVICE EXPENSES 3,839,790. TOTAL EXPENSES 3,839,790. ACE PROGRAMMING : PROGRAM SERVICE EXPENSES 2,147,436. TOTAL EXPENSES 2,147,436. OTHER FEES: PROGRAM SERVICE EXPENSES 414,663. MANAGEMENT AND GENERAL EXPENSES 802,216. FUNDRAISING EXPENSES 92,175. TOTAL EXPENSES 1,309,054. FORM 990, PART XI, LINE 9: REVENUE ADJUSTMENT - WRITE-OFF OF LIABILITIES 126,686.