KENNETH C GRIFFIN MUSEUM OF SCIENCE AND INDUSTRY: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KENNETH C GRIFFIN MUSEUM OF SCIENCE AND INDUSTRY (EIN 36-2167797)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202403199349312320
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-14T14:49:05-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130 South Wacker Dr Suite 3300AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606063392ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN362167797EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kenneth C Griffin Museum of Science andBusinessNameLine1Txt
Business Name Line2IndustryBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlKENNBusinessNameControlTxt
Phone7736841414PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15700 S DuSable Lake Shore DriveAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606372093ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonA Chevy HumphreyPersonNm
Person TitlePresident and CEOPersonTitleTxt
Phone7736841414PhoneNum
Signature2024-11-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRebekuh EleyPreparerPersonNm
PTINP01247672PTIN
Phone3126343400PhoneNum
Preparation2024-11-05PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name ChangeYes (X)NameChangeInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1Museum of Science and IndustryBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerA Chevy HumphreyPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15700 S DuSable Lake Shore DriveAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606372093ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$228,683,557GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.msichicago.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1933FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionThe Kenneth C. Griffin Museum of Science and Industry's mission is to inspire the inventive genius in everyone, and its vision is rooted in the Museum's historic rotunda engraving: Science discerns the laws of nature, industry applies them to the needs of humankind.ActivityOrMissionDesc
Voting Members Governing Body95VotingMembersGoverningBodyCnt
Voting Members Independent94VotingMembersIndependentCnt
Total Employee412TotalEmployeeCnt
Total Volunteers141TotalVolunteersCnt
Total Gross UBI$1,619,711TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$37,451,255PYContributionsGrantsAmt
CY Contributions Grants$28,557,784CYContributionsGrantsAmt
PY Program Service Revenue$17,111,198PYProgramServiceRevenueAmt
CY Program Service Revenue$21,060,481CYProgramServiceRevenueAmt
PY Investment Income$3,213,707PYInvestmentIncomeAmt
CY Investment Income$2,577,282CYInvestmentIncomeAmt
PY Other Revenue$6,636,223PYOtherRevenueAmt
CY Other Revenue$6,219,322CYOtherRevenueAmt
PY Total Revenue$64,412,383PYTotalRevenueAmt
CY Total Revenue$58,414,869CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$22,380,297PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$23,573,609CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$102,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,116,506CYTotalFundraisingExpenseAmt
PY Other Expenses$29,680,236PYOtherExpensesAmt
CY Other Expenses$33,194,910CYOtherExpensesAmt
PY Total Expenses$52,060,533PYTotalExpensesAmt
CY Total Expenses$56,870,519CYTotalExpensesAmt
PY Revenues Less Expenses$12,351,850PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,544,350CYRevenuesLessExpensesAmt
Total Assets BOY$409,602,292TotalAssetsBOYAmt
Total Assets EOY$422,200,833TotalAssetsEOYAmt
Total Liabilities BOY$72,134,704TotalLiabilitiesBOYAmt
Total Liabilities EOY$52,466,054TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$337,467,588NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$369,734,779NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe Kenneth C. Griffin Museum of Science and Industry (the Museum), a 501(c)(3) corporation, is the largest science museum in the Western hemisphere and home to thousands of artifacts. For 90 years, the Museum has been a premier destination in Chicago, Illinois. The Museum's mission is to inspire the inventive genius in everyone, and its vision is rooted in the Museum's historic rotunda engraving: Science discerns the laws of nature, industry applies them to the needs of humankind. The Museum welcomes over 1.4 million guests annually and is the top Chicago museum field trip destination for students. Through its education programs, the Museum engages over half a million participants annually in science education programs.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$30,054,164ExpenseAmt
Grant$0GrantAmt
Revenue$16,050,549RevenueAmt
DescWorld-class permanent exhibitions include Science Storms, a 26,000-square-foot exhibit that reveals the extraordinary science behind some of nature's most powerful and compelling phenomena; and You! The Experience, a 15,000-square-foot exhibit that explores the human mind, body and spirit. Other favorite experiences include the U-505 Submarine, the only German U-boat captured during World War II, surrounded by more than 30,000 square feet of artifacts and interactive activities; the Coal Mine, a reproduction of an Illinois coal mine that takes guest down 50 feet in a real hoist to the bottom of a mineshaft; The Great Train Story, a dynamic model display that illustrates modern rail operation; and the Giant Dome Theater, which features educational films, rich in content and presented on Chicago's only five-story, domed wrap-around movie screen.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$8,508,267ExpenseAmt
Grant$0GrantAmt
Revenue$714,450RevenueAmt
DescEducational Programs and Activities. Education at the museum occurs both inside the museum walls, and the community and schools surrounding the museum and beyond. Hands-on student programming such as labs, STEAM clubs, Girls in STEM events, career showcases, teacher professional development, maker space training, and camps are some of the ways the museum approaches reaching students and their ecosystem to ensure STEAM opportunities and exposure is at the forefront of what the museum does to prepare them for skills needed beyond school.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$6,896,818ExpenseAmt
Grant$0GrantAmt
Revenue$3,095,358RevenueAmt
DescMuseum and Operations, which include Program Support Services and Exhibit Maintenance. These expenses support the Museum's mission of inspiring the inventive genius in everyone by providing guests and teachers with integrated learning experiences and programming that is centered on exciting and interactive exhibits that help explain how science directly impacts our daily lives.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$1,893,692ExpenseAmt
Grant$0GrantAmt
Revenue$1,849,513RevenueAmt
DescRetail and supporting services represent various program offerings that enhance the guest experience. These include the musuem store, food services, and parking services.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$1,893,692TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$1,849,513TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$47,352,941TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document141IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee412EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members95GoverningBodyVotingMembersCnt
Independent Voting Member94IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Shauna LindseyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7736841414PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15700 S DuSable Lake Shore DriveAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606372093ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (114 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
A Chevy Humphrey
President & CEO/Trustee35.00Yes (X)Yes (X)$765,991$0$107,647
David J Vitale
Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
David A Fisher
Treasurer/Trustee1.00Yes (X)Yes (X)$0$0$0
Michelle L Collins
Secretary/Trustee1.00Yes (X)Yes (X)$0$0$0
Matthew J Boler
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Allan E Bulley Jr
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Frank M Clark
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Douglas M Cook
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Christopher M Crane
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Anthony B Davis
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Kent P Dauten
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Pedro DeJesus Jr
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Ann M Drake
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Joseph M Erlinger
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
William M Goodyear
Vice Chairman/Trustee (until 6/23/23)1.00Yes (X)Yes (X)$0$0$0
James A Gordon
Vice Chairman/Trustee (until 6/23/23)1.00Yes (X)Yes (X)$0$0$0
Robert A Livingston
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Barry L MacLean
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Duncan A MacLean
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
DG Macpherson
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Andrew J McKenna
Vice Chairman/Trustee (until 2/7/23)1.00Yes (X)Yes (X)$0$0$0
Robert F Pasin
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Sheila A Penrose
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
E Scott Santi
Vice Chairman/Trustee1.00Yes (X)Yes (X)$0$0$0
Uma M Amuluru
Trustee1.00Yes (X)$0$0$0
Jeffrey R Applebaum
Trustee1.00Yes (X)$0$0$0
Pat A Basu
Trustee1.00Yes (X)$0$0$0
Cathy Birkeland
Trustee1.00Yes (X)$0$0$0
Doug Boersma
Trustee1.00Yes (X)$0$0$0
Barbara L Bowles
Trustee1.00Yes (X)$0$0$0
Stephanie Braming CFA
Trustee1.00Yes (X)$0$0$0
Byron T Brazier DMin
Trustee1.00Yes (X)$0$0$0
Chris Cartwright
Trustee1.00Yes (X)$0$0$0
Piyush Chaudhari
Trustee1.00Yes (X)$0$0$0
Andrew Clarke
Trustee1.00Yes (X)$0$0$0
Kelley Conway
Trustee1.00Yes (X)$0$0$0
Rita Sola Cook
Trustee1.00Yes (X)$0$0$0
Richard H Copans
Trustee1.00Yes (X)$0$0$0
Kevin Cross
Trustee1.00Yes (X)$0$0$0
James S Crown
Trustee1.00Yes (X)$0$0$0
Katherine C Doyle
Trustee1.00Yes (X)$0$0$0
James J Drury III
Trustee1.00Yes (X)$0$0$0
Richard Edelman
Trustee1.00Yes (X)$0$0$0
Joshua Earnest
Trustee1.00Yes (X)$0$0$0
Opella Ernest
Trustee1.00Yes (X)$0$0$0
W James Farrell
Trustee1.00Yes (X)$0$0$0
James J Fuentes
Trustee (until 6/23/23)1.00Yes (X)$0$0$0
Greg Franks
Trustee1.00Yes (X)$0$0$0
James T Glerum Jr
Trustee1.00Yes (X)$0$0$0
Benjamin S Graham
Trustee (until 6/23/23)1.00Yes (X)$0$0$0
Catherine P Greenspon
Trustee1.00Yes (X)$0$0$0
Myetie Hamilton
Trustee1.00Yes (X)$0$0$0
Stephanie J Hickman
Trustee1.00Yes (X)$0$0$0
Steven Hunter
Trustee1.00Yes (X)$0$0$0
Justin Ishbia
Trustee1.00Yes (X)$0$0$0
Rashad R Johnson PE
Trustee1.00Yes (X)$0$0$0
Edward L Kaplan
Trustee1.00Yes (X)$0$0$0
Vikram Karnani
Trustee1.00Yes (X)$0$0$0
Michael P Krasny
Trustee1.00Yes (X)$0$0$0
Eric P Lefkofsky
Trustee (until 6/23/23)1.00Yes (X)$0$0$0
Charles A Lewis
Trustee (until 6/23/23)1.00Yes (X)$0$0$0
H John Livingston
Trustee1.00Yes (X)$0$0$0
Matthew M Maloney
Trustee1.00Yes (X)$0$0$0
Tom McGuinness
Trustee1.00Yes (X)$0$0$0
Robert S Murley
Trustee1.00Yes (X)$0$0$0
Daniela O'Leary-Gill
Trustee1.00Yes (X)$0$0$0
Louis V Pinkham
Trustee1.00Yes (X)$0$0$0
John F Podjasek III
Trustee1.00Yes (X)$0$0$0
Jason Pritzker
Trustee1.00Yes (X)$0$0$0
Michael A Reinsdorf
Trustee1.00Yes (X)$0$0$0
Michelle Russell
Trustee1.00Yes (X)$0$0$0
Manuel Sanchez
Trustee1.00Yes (X)$0$0$0
Smita N Shah
Trustee1.00Yes (X)$0$0$0
Virginia K Simmons
Trustee1.00Yes (X)$0$0$0
Melody A Spann-Cooper
Trustee1.00Yes (X)$0$0$0
Byron O Spruell
Trustee (until 6/23/23)1.00Yes (X)$0$0$0
Kristofer K Swanson
Trustee1.00Yes (X)$0$0$0
Shundrawn A Thomas
Trustee1.00Yes (X)$0$0$0
Leonard Wanger
Trustee1.00Yes (X)$0$0$0
Ralph Wanger
Trustee1.00Yes (X)$0$0$0
Ann C Williams
Trustee1.00Yes (X)$0$0$0
Peng Zhao
Trustee (until 6/23/23)1.00Yes (X)$0$0$0
Elizabeth Ziegler
Trustee1.00Yes (X)$0$0$0
Charles K Bobrinskoy
Life Trustee1.00Yes (X)$0$0$0
John A Canning Jr
Life Trustee1.00Yes (X)$0$0$0
Lester Crown
Life Trustee1.00Yes (X)$0$0$0
William J Devers Jr
Life Trustee1.00Yes (X)$0$0$0
Dennis J FitzSimons
Life Trustee1.00Yes (X)$0$0$0
Jere D Fluno
Life Trustee1.00Yes (X)$0$0$0
J Ira Harris
Life Trustee1.00Yes (X)$0$0$0
James R Kackley
Life Trustee1.00Yes (X)$0$0$0
John P Keller
Life Trustee1.00Yes (X)$0$0$0
Richard H Lenny
Life Trustee1.00Yes (X)$0$0$0
Edward M Liddy
Life Trustee1.00Yes (X)$0$0$0
Walter E Massey PhD
Life Trustee1.00Yes (X)$0$0$0
Robert S Morrison
Life Trustee1.00Yes (X)$0$0$0
Terry E Newman
Life Trustee1.00Yes (X)$0$0$0
James J O'Connor
Life Trustee1.00Yes (X)$0$0$0
William A Osborn
Life Trustee1.00Yes (X)$0$0$0
Cindy Pritzker
Life Trustee1.00Yes (X)$0$0$0
Louis A Simpson
Life Trustee1.00Yes (X)$0$0$0
James A Skinner
Life Trustee1.00Yes (X)$0$0$0
Eugene A Tracy
Life Trustee1.00Yes (X)$0$0$0
Arthur R Velasquez
Life Trustee1.00Yes (X)$0$0$0
David Woody
VP - Exhibitions, Collections, CCO35.00$323,179$0$24,924Yes (X)
Jonathan Assell
VP - Chief Financial Officer35.00$298,404$0$44,195Yes (X)
Hsinghua Chen
VP - Chief Administrative Officer35.00$237,150$0$11,210Yes (X)
Sheila M Cawley
SVP - Chief Rev Strategy (until 8/23)35.00$233,421$0$38,685Yes (X)
Jessica Chavez
Ruth D. & Ken M. Davee VP, Education & CLO35.00$180,623$0$31,535Yes (X)
Anne Rashford
VP - Govt Affairs/Chief Bus Officer35.00$198,911$0$20,102Yes (X)
Curt Gruber
AVP - Marketing & Sales (until 3/24)35.00$195,892$0$6,943Yes (X)
Syeda Soofia
VP - Chief of People and Culture35.00$254,266$0$46,822Yes (X)
Robert Dipasquantonio
AVP - Information Technology35.00$191,346$0$28,291Yes (X)
Patricia Ward
AVP - Exhibitions & Partnerships35.00$181,370$0$18,067Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,060,553TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$378,421TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K40IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Berglund Construction Company
8410 S Chicago AvenueChicagoIL60617Construction$6,219,977
Bridgewater Studio
125 S Racine AvenueChicagoIL60607Exhibit Design & Manufacturing$2,734,108
Creative Technology Group
1455 Estes AvenueElk Grove VillageIL60007Exhibit Teleproduction$2,310,261
Canino Electric Company
41 Plaza Drive Unit AWestmontIL60559Electrical Wiring & Installation$1,884,571
Midway Building Services
1915 W Hubbard StreetChicagoIL60622Janitorial$1,777,219
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K56CntrctRcvdGreaterThan100KCnt
Membership Dues$3,307,814MembershipDuesAmt
Fundraising$1,723,787FundraisingAmt
Government Grants$6,203,220GovernmentGrantsAmt
All Other Contributions$17,322,963AllOtherContributionsAmt
Noncash Contributions$756,646NoncashContributionsAmt
Total Contributions$28,557,784TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
General Admissions900099$12,432,670$12,432,670
Special Exhibits900099$3,095,358$3,095,358
U-505 Exhibit900099$1,742,784$1,742,784
Giant Dome Theater900099$1,495,427$1,495,427
Coal Mine Exhibit900099$777,168$777,168

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,517,074TotalRevenueColumnAmt
Related Or Exempt Func Income$1,517,074RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$21,060,481TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,168,387TotalRevenueColumnAmt
Exclusion$7,168,387ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$666TotalRevenueColumnAmt
Exclusion$666ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,009,325RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$356,266RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$653,059RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$653,059TotalRevenueColumnAmt
Unrelated Business Revenue$653,059UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$164,495,717SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$169,086,822SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$4,591,105SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$4,591,105TotalRevenueColumnAmt
Exclusion-$4,591,105ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$120,500FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,723,787ContriRptFundraisingEventAmt
Fundraising Direct Expenses$708,272FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$587,772TotalRevenueColumnAmt
Exclusion-$587,772ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$5,575GamingGrossIncomeAmt
Gaming Direct Expenses$7,000GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,425TotalRevenueColumnAmt
Exclusion-$1,425ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$720,117GrossSalesOfInventoryAmt
Cost Of Goods Sold$110,328CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$609,789TotalRevenueColumnAmt
Unrelated Business Revenue$348,980UnrelatedBusinessRevenueAmt
Exclusion$260,809ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
Parking & Guest Srvs900099$2,360,850$2,360,850
Food Court722514$1,917,094$1,917,094

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,267,061TotalRevenueColumnAmt
Related Or Exempt Func Income$649,389RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$617,672UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$5,545,005OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$58,414,869TotalRevenueColumnAmt
Related Or Exempt Func Income$21,709,870RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,619,711UnrelatedBusinessRevenueAmt
Exclusion$6,527,504ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,399,512TotalAmt
Program Services$1,151,483ProgramServicesAmt
Management And General$810,456ManagementAndGeneralAmt
Fundraising$437,573FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$17,215,323TotalAmt
Program Services$13,680,580ProgramServicesAmt
Management And General$1,981,052ManagementAndGeneralAmt
Fundraising$1,553,691FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$538,162TotalAmt
Program Services$406,940ProgramServicesAmt
Management And General$76,589ManagementAndGeneralAmt
Fundraising$54,633FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,090,503TotalAmt
Program Services$1,448,283ProgramServicesAmt
Management And General$347,757ManagementAndGeneralAmt
Fundraising$294,463FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,330,109TotalAmt
Program Services$1,005,783ProgramServicesAmt
Management And General$189,296ManagementAndGeneralAmt
Fundraising$135,030FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$356,619TotalAmt
Management And General$356,619ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$110,366TotalAmt
Management And General$110,366ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$122,959TotalAmt
Management And General$122,959ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$102,000TotalAmt
Fundraising$102,000FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$601,895TotalAmt
Management And General$601,895ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,158,945TotalAmt
Program Services$6,500,743ProgramServicesAmt
Management And General$532,288ManagementAndGeneralAmt
Fundraising$125,914FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,415,229TotalAmt
Program Services$2,415,229ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$785,123TotalAmt
Program Services$756,672ProgramServicesAmt
Management And General$17,763ManagementAndGeneralAmt
Fundraising$10,688FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,254,031TotalAmt
Program Services$887,152ProgramServicesAmt
Management And General$305,668ManagementAndGeneralAmt
Fundraising$61,211FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,347,759TotalAmt
Program Services$1,239,353ProgramServicesAmt
Management And General$108,406ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$768,532TotalAmt
Program Services$575,036ProgramServicesAmt
Management And General$64,288ManagementAndGeneralAmt
Fundraising$129,208FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,539,871TotalAmt
Program Services$1,539,871ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$10,655,185TotalAmt
Program Services$10,283,921ProgramServicesAmt
Management And General$371,264ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$573,070TotalAmt
Program Services$526,976ProgramServicesAmt
Management And General$46,094ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Building Maintenance$2,410,815$2,289,592$121,223
Program Development$1,338,940$1,221,768$6,141$111,031
Exhibit Fab. & Maint.$799,218$799,218
Bank & Credit Card Fees$167,159$143,823$23,336

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$789,194TotalAmt
Program Services$480,518ProgramServicesAmt
Management And General$207,612ManagementAndGeneralAmt
Fundraising$101,064FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$56,870,519TotalAmt
Program Services$47,352,941ProgramServicesAmt
Management And General$6,401,072ManagementAndGeneralAmt
Fundraising$3,116,506FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,971,000BOYAmt
EOY$3,058,266EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$42,941,684BOYAmt
EOY$49,064,798EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,770,558BOYAmt
EOY$8,424,988EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,982,327BOYAmt
EOY$1,869,533EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$71,427BOYAmt
EOY$86,055EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$753,121BOYAmt
EOY$3,104,311EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$424,120,425LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$274,890,919LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$137,417,381BOYAmt
EOY$149,229,506EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$142,473,164BOYAmt
EOY$122,232,340EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$59,203,578BOYAmt
EOY$81,633,763EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,018,052BOYAmt
EOY$3,497,273EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$409,602,292BOYAmt
EOY$422,200,833EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,658,113BOYAmt
EOY$7,768,798EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$12,572,344BOYAmt
EOY$13,927,485EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$48,978,266BOYAmt
EOY$29,691,639EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$925,981BOYAmt
EOY$1,078,132EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$72,134,704BOYAmt
EOY$52,466,054EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$270,137,978BOYAmt
EOY$300,846,236EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$67,329,610BOYAmt
EOY$68,888,543EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$337,467,588BOYAmt
EOY$369,734,779EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$409,602,292BOYAmt
EOY$422,200,833EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,544,350ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$31,153,678NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$430,837OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$30,378,394CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$41,515,795CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$126,650,878CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,261,691CurrentTaxYearMinus1YearAmt
Current Tax Year$22,840,907CurrentTaxYearAmt
Total$252,647,665TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,577,460CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,439,338CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,134,940CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,189,564CurrentTaxYearMinus1YearAmt
Current Tax Year$5,716,877CurrentTaxYearAmt
Total$28,058,179TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$35,955,854CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$46,955,133CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$131,785,818CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$37,451,255CurrentTaxYearMinus1YearAmt
Current Tax Year$28,557,784CurrentTaxYearAmt
Total$280,705,844TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$280,705,844PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,510,555CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,941,681CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,587,751CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,610,402CurrentTaxYearMinus1YearAmt
Current Tax Year$7,169,053CurrentTaxYearAmt
Total$24,819,442TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,000CurrentTaxYearMinus2YearsAmt
Total$1,000TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$677,474CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$262,468CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,376,052CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,731,183CurrentTaxYearMinus1YearAmt
Current Tax Year$649,389CurrentTaxYearAmt
Total$5,696,566TotalAmt
FieldValueIRS element (for citing)
Total Support$311,222,852TotalSupportAmt
Gross Receipts Rltd Activities$88,223,047GrossReceiptsRltdActivitiesAmt
Public Support CY1700.90190PublicSupportCY170Pct
Public Support PY1700.85980PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10, Explanation of Other Income:FormAndLineReferenceDesc
ExplanationMiscellaneous Revenue - 2019 Amount: $ 676,733. 2020 Amount: $ 256,139. 2021 Amount: $ 286,307. 2022 Amount: $ 257,968. 2023 Amount: $ 649,389. Film Lease Revenue - 2019 Amount: $ 741. 2020 Amount: $ 6,329. 2021 Amount: $ 1,875. Employee Retention Credit - 2021 Amount: $ 2,087,870. 2022 Amount: $ 1,473,215.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$122,959OtherActivitiesAmt
Total Lobbying Expenditures$122,959TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II-B, Line 1:FormAndLineReferenceDesc
ExplanationThe National Group (TNG) represents The Kenneth C. Griffin Museum of Science and Industry in government and other policy-making forums. They work to influence decision-makers by advocating for the interests of the Museum. TNG works to build relationships with elected officials, bureaucrats, and other stakeholders to promote the Museum's interests.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$21,294,019BeginningYearBalanceAmt
Contributions$766,203ContributionsAmt
Investment Earnings Or Losses$3,382,417InvestmentEarningsOrLossesAmt
Other Expenditures$887,560OtherExpendituresAmt
End Year Balance$24,555,079EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$25,583,763BeginningYearBalanceAmt
Contributions$158,044ContributionsAmt
Investment Earnings Or Losses-$3,459,505InvestmentEarningsOrLossesAmt
Other Expenditures$988,283OtherExpendituresAmt
End Year Balance$21,294,019EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$23,542,145BeginningYearBalanceAmt
Contributions$787,500ContributionsAmt
Investment Earnings Or Losses$2,167,118InvestmentEarningsOrLossesAmt
Other Expenditures$913,000OtherExpendituresAmt
End Year Balance$25,583,763EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$20,406,762BeginningYearBalanceAmt
Contributions$2,257,080ContributionsAmt
Investment Earnings Or Losses$1,538,151InvestmentEarningsOrLossesAmt
Other Expenditures$659,848OtherExpendituresAmt
End Year Balance$23,542,145EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$16,493,417BeginningYearBalanceAmt
Contributions$1,510,904ContributionsAmt
Investment Earnings Or Losses$2,867,405InvestmentEarningsOrLossesAmt
Other Expenditures$464,964OtherExpendituresAmt
End Year Balance$20,406,762EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.94000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.06000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$218,094,642OtherCostOrOtherBasisAmt
Depreciation$117,314,319DepreciationAmt
Book Value$100,780,323BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,084,122OtherCostOrOtherBasisAmt
Depreciation$14,380,073DepreciationAmt
Book Value$4,704,049BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$186,941,661OtherCostOrOtherBasisAmt
Depreciation$143,196,527DepreciationAmt
Book Value$43,745,134BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$149,229,506TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Equity Funds$56,433,389F
Fixed Income Funds$25,200,374F
FieldValueIRS element (for citing)
Total Book Value Securities$81,633,763TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
Asset Retirement Obligation$548,929
Funds on Deposit$334,051
Supplemental Retirement Plans$195,152
FieldValueIRS element (for citing)
Total Liability$1,078,132TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$91,508,808TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$31,153,678NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$1,875,034DonatedServicesAndUseFcltsAmt
Other Revenue-$514,744OtherRevenueAmt
Revenue Not Reported$32,513,968RevenueNotReportedAmt
Revenue Subtotal$58,994,840RevenueSubtotalAmt
Investment Expenses Not Incld$601,895InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$1,181,866OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$579,971RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$58,414,869TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$59,241,617TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,875,034DonatedServicesUseFcltsAmt
Other Expenses Included$1,181,866OtherExpensesIncludedAmt
Expenses Not Reported$3,056,900ExpensesNotReportedAmt
Expenses Subtotal$56,184,717ExpensesSubtotalAmt
Investment Expenses Not Incld2$601,895InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$83,907OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$685,802ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$56,870,519TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part III, Line 1a:The Museum's permanent collections, which were acquired since the Museum's inception through purchases and contributions from benefactors, are not recognized as assets on the statements of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired or as decreases in net assets with donor restrictions if the assets used to purchase the items were restricted by donors. The Museum's collections are made up of artifacts of historical significance, scientific specimens and art objects that are held for educational, research, scientific and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying the items' existence and assessing their condition are performed continuously. The collections are subject to the Museum's policy that requires proceeds from their sales to be used for direct care of existing artifacts or acquire other items for collections.
Part III, Line 4:The Museum's collection - with almost 40,000 objects that showcase advances in science, industry and technology - serves to create spectacular exhibits and experiences that excite and inspire Museum guests and further the Museum's mission and vision. Remarkable artifacts in the collection include the 700-ton U-505 submarine; a real United 727 airplane; the Pioneer Zephyr, the train that set the speed record in 1934; a British Spitfire WWII plane; a collection of carefully preserved human anatomical slices and fetuses; and much more. The Museum's collections are designed to spark scientific inquiry and creativity to motivate children to achieve their full potential in science, technology, medicine and engineering in furtherance of the Museum's exempt purpose.
Part V, Line 4:The organization's endowment funds are meant to serve as a source of financial support of the Museum's mission. A portion of annual endowment earnings are used to support museum general operations. Earnings are directed to specific elements of the Museum's operations as directed by donor restrictions on respective contributions to the endowment.
Part X, Line 2: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 has federal net operating loss carryforwards available to offset future unrelated business taxable income. The net operating loss carryforwards expire through 2043 and total approximately $2,035,000 and $2,397,000 at December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022, management has determined the likelihood of realizing the benefit from a future utilization of the net operating loss carryforwards is uncertain. Therefore, a 100% valuation allowance has been applied to the deferred tax assets associated with the net operating loss carryforwards of approximately $620,000 and $647,000 at December 31, 2023 and 2022, respectively. 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 Life Insurance Policy 18,294. Gain (Loss) on Film Consortium Investment 22,179. Change in Value of Asset Retirement Obligation -28,765. Change in Value of Interest Rate Swap -442,545. Bad Debt Expense -83,907.
Part XI, Line 4b - Other Adjustments:Rental Expenses -356,266. Cost of Goods Sold -110,328. Fundraising Expenses -708,272. Gaming Expenses -7,000.
Part XII, Line 2d - Other Adjustments:Rental Expenses 356,266. Cost of Goods Sold 110,328. Fundraising Expenses 708,272. Gaming Expenses 7,000.
Part XII, Line 4b - Other Adjustments:Bad Debt Expense 83,907.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1Alexander Ross Group LTDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12406 Prairie AvenueAddressLine1Txt
CityEvanstonCityNm
State AbbreviationILStateAbbreviationCd
ZIP60201ZIPCd
FieldValueIRS element (for citing)
ActivityStrategic and tactical fundraising counselActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$0GrossReceiptsAmt
Retained By Contractor$102,000RetainedByContractorAmt
Net To Organization$0NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Retained By Contractors$102,000TotalRetainedByContractorsAmt
Licensed StatesCALicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesWILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesVALicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Black Creativity GalaEvent1Nm
Gross Receipts Event1$595,787GrossReceiptsEvent1Amt
Charitable Contri Event1$523,787CharitableContriEvent1Amt
Gross Revenue Event1$72,000GrossRevenueEvent1Amt
Non Cash Prizes Event1$7,000NonCashPrizesEvent1Amt
Food And Beverage Event1$139,312FoodAndBeverageEvent1Amt
Entertainment Event1$23,990EntertainmentEvent1Amt
Other Direct Expenses Event1$176,332OtherDirectExpensesEvent1Amt
Event2Columbian BallEvent2Nm
Gross Receipts Event2$1,248,500GrossReceiptsEvent2Amt
Charitable Contri Event2$1,200,000CharitableContriEvent2Amt
Gross Revenue Event2$48,500GrossRevenueEvent2Amt
Non Cash Prizes Event2$10,250NonCashPrizesEvent2Amt
Food And Beverage Event2$112,445FoodAndBeverageEvent2Amt
Entertainment Event2$91,567EntertainmentEvent2Amt
Other Direct Expenses Event2$147,376OtherDirectExpensesEvent2Amt
Gross Receipts Total$1,844,287GrossReceiptsTotalAmt
Charitable Contributions Tot$1,723,787CharitableContributionsTotAmt
Gross Revenue Total Events$120,500GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$17,250NonCashPrizesTotalEventsAmt
Food And Beverage Total Events$251,757FoodAndBeverageTotalEventsAmt
Entertainment Total Events$115,557EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$323,708OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$708,272DirectExpenseSummaryEventsAmt
Net Income Summary-$587,772NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
A Chevy Humphrey
President & CEO/Trustee$591,615$0$172,500$0$1,876$0$75,000$0$32,647$0$873,638$0$0$0
David Woody
VP - Exhibitions, Collections, CCO$296,303$0$25,000$0$1,876$0$10,290$0$14,634$0$348,103$0$0$0
Jonathan Assell
VP - Chief Financial Officer$253,404$0$45,000$0$0$0$8,870$0$35,325$0$342,599$0$0$0
Syeda Soofia
VP - Chief of People and Culture$235,869$0$17,500$0$897$0$8,414$0$38,408$0$301,088$0$0$0
Sheila M Cawley
SVP - Chief Rev Strategy (until 8/23$232,240$0$0$0$1,181$0$8,309$0$30,376$0$272,106$0$0$0
Hsinghua Chen
VP - Chief Administrative Officer$217,150$0$20,000$0$0$0$7,707$0$3,503$0$248,360$0$0$0
Robert Dipasquantonio
AVP - Information Technology$180,169$0$10,000$0$1,177$0$6,475$0$21,816$0$219,637$0$0$0
Anne Rashford
VP - Govt Affairs/Chief Bus Officer$175,100$0$20,382$0$3,429$0$6,104$0$13,998$0$219,013$0$0$0
Jessica Chavez
Ruth D. & Ken M. Davee VP, Education$160,393$0$20,000$0$230$0$4,327$0$27,208$0$212,158$0$0$0
Curt Gruber
AVP - Marketing & Sales (until 3/24)$176,076$0$7,500$0$12,316$0$6,552$0$391$0$202,835$0$0$0
Patricia Ward
AVP - Exhibitions & Partnerships$166,370$0$15,000$0$0$0$5,677$0$12,390$0$199,437$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Lines 4a-bFormAndLineReferenceDesc
ExplanationSeverance payments during 2023 include: Curt Gruber - $11,124 and Bradley Schiever - $29,423. These payments are reported as taxable compensation on Part II, column (B)(iii). Eligible executives participate in non-qualified deferred compensation plans organized under code Section 457(f). Contributions to the 457(f) plan during 2023 include: A. Chevy Humphrey - $65,452ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1IFA Series 2017A-BBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN861091967BondIssuerEIN
CUSIPNoneAvailCUSIPNum
Bond Issued2017-05-30BondIssuedDt
Issue Price$60,000,000IssuePriceAmt
PurposeSeries 2009 Bond RedemptionPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$30,000,000RetiredAmt
Total Proceeds$60,000,000TotalProceedsAmt
Refunding Escrow$59,600,000RefundingEscrowAmt
Issuance Costs From Proceeds$400,000IssuanceCostsFromProceedsAmt
Refunding Tax Exempt BondsYes (1)RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due YetYes (1)RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor Reqs0WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart IV, Line 2c:FormAndLineReferenceDesc
ExplanationBond Counsel performed the rebate calculation for the period December 17, 2009 through December 17, 2014.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution12777ContributionCnt
Noncash Contributions Rpt F990$756,646NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Column (b):FormAndLineReferenceDesc
ExplanationColumn (b) represents the number of items contributed. For line 9, column (b) represents the number of donations contributed.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2Jason Pritzker and Cindy Pritzker have a family relationship. John A. Canning, Jr. and John F. Podjasek III have a family relationship. Barry L. MacLean and Duncan A. L. MacLean have a family relationship. Lester Crown and Michael A. Reinsdorf have a business relationship outside of the Museum. William M. Goodyear and David A. Fisher serve on a board outside of the Museum. Eric P. Lefkofsky and Michael A. Reinsdorf serve on a board outside of the Museum. Edward M. Liddy and William A. Osborn serve on a board outside of the Museum. Richard H. Lenny and Sheila A. Penrose serve on a board outside of the Museum. Barry L. Maclean, Duncan A. L. Maclean, and Smita N. Shah have a business relationship outside of the Museum. Barry L. Maclean and Duncan A. L. Maclean serve on a board outside of the Museum. E. Scott Santi and DG Macpherson serve on a board outside of the Museum. Ralph Wanger and Leonard Wanger have a family relationship.
Form 990, Part VI, Section A, line 4The organization filed Amended Articles of Incorporation and changed its name to Kenneth C. Griffin Museum of Science and Industry.
Form 990, Part VI, Section B, line 11bThe Museum's Form 990 is prepared by an external public accounting firm who provides drafts for internal review. After the internal review, these drafts are updated, and a final draft is reviewed by the Chairperson of the Audit Committee and is made available to the Trustees electronically for their review, prior to electronically filing with the Internal Revenue Service.
Form 990, Part VI, Section B, line 12cThe Museum formally sends a conflict of interest questionnaire annually to trustees, officers and employees. The Museum's compliance officer reviews the results of the questionnaires and investigates any reported potential conflicts for resolution as necessary. From time to time, the Museum conducts business with publicly traded companies at which certain Museum board members have an employment or board relationship. Business with these companies is entered into at arms-length and through the Museum's standard procurement process without influence from the interested board member(s). Any conflicts are resolved when interested board members excuse themselves when voting on matters related to the public company in which they serve.
Form 990, Part VI, Section B, line 15The Compensation Committee of the Board of Directors oversees and approves the compensation for the CEO. All members of the Compensation Committee are independent. The process consists of: 1. The Compensation Committee meets annually to review and make decisions on CEO compensation. 2. Individual performance is evaluated against goals and objectives that support the Museum's mission and strategic priorities. 3. From time to time, HR prepares a compensation benchmark analysis consisting of peer institutions to ensure executive compensation remains competitive within industry and reasonable. 4. Each year, the Museum's leadership team determines if merit increases will be awarded to Museum staff. The Chief of People and Culture facilitates and drives this process to ensure consistency and fairness across the Museum. 5. The process is contemporaneously documented.
Form 990, Part VI, Section C, line 18The Museum posted a copy of its Form 990 on its website and made copies of Form 990 and 990-T publicly available upon request. As the Museum filed the application for recognition of exemption, Form 1023 before July 15, 1987, it need not be made publicly available.
Form 990, Part VI, Section C, line 19The Museum's annual report and the financial statements are made available to the public via the Museum's website and upon request, respectively. Governing documents and conflict of interest policy are available to the public upon request for the same period of disclosure as set forth in IRC section 6104(d).
Form 990, Part IX, line 11gConsultants: Program service expenses 1,600,949. Management and general expenses 494,199. Fundraising expenses 124,004. Total expenses 2,219,152. Security Services: Program service expenses 2,198,143. Management and general expenses 7,575. Fundraising expenses 254. Total expenses 2,205,972. Janitorial Services: Program service expenses 1,757,055. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,757,055. All Other Professional Fees: Program service expenses 944,596. Management and general expenses 30,514. Fundraising expenses 1,656. Total expenses 976,766.
Form 990, Part XI, line 9:Change in Value of Life Insurance Policy 18,294. Gain (Loss) on Film Consortium Investment 22,179. Change in Value of Asset Retirement Obligation -28,765. Change in Value of Interest Rate Swap -442,545.

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