2022-03-08T12:24:43-06:00 2021-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2020-07-01 366154098 MUSEUM OF CONTEMPORARY ART MUSE 3123973808 220 EAST CHICAGO AVENUE CHICAGO IL 60611 ANNE-MARIE EISCHEN CHIEF FINANCIAL OFFICER 3123973808 2022-03-02 1 ANNE-MARIE EISCHEN 999009999 DAVID LOWENTHAL P00378651 3122071040 2022-03-02 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MADELEINE GRYNSZTEJN 220 EAST CHICAGO AVENUE CHICAGO IL 60611 32271068 0 X WWW.MCACHICAGO.ORG X 1964 IL ENHANCE APPRECIATION OF CONTEMPORARY ART THROUGH EDUCATION, PROGRAMMING AND EXHIBITIONS. 69 68 258 0 -28520 0 12267926 15836657 1281596 453231 -531531 11293261 2167588 -766038 15185579 26817111 0 0 0 0 9865696 10506692 0 0 1255195 14328744 10342290 24194440 20848982 -9008861 5968129 199455132 231693659 38296803 37602237 161158329 194091422 X THE MCA IS AN INNOVATIVE AND COMPELLING CENTER OF CONTEMPORARY ART WHERE THE PUBLIC CAN DIRECTLY EXPERIENCE THE WORK AND IDEAS OF LIVING ARTISTS, AND UNDERSTAND THE HISTORICAL, SOCIAL AND CULTURAL CONTEXT OF THE ART OF OUR TIME. THE MUSEUM BOLDLY INTERWEAVES EXHIBITIONS, PERFORMANCES, COLLECTIONS, AND EDUCATIONAL PROGRAMS TO EXCITE, CHALLENGE, AND ILLUMINATE OUR VISITORS AND TO PROVIDE INSIGHT INTO THE CREATIVE PROCESS. THE MCA ASPIRES TO ENGAGE A BROAD AND DIVERSE AUDIENCE, CREATE A SENSE OF COMMUNITY AND BE A PLACE FOR CONTEMPLATION, STIMULATION, AND DISCUSSION ABOUT CONTEMPORARY ART AND CULTURE. 0 0 9895710 448300 EXHIBITIONS: MCA EXHIBITIONS SEEK TO INTRODUCE AUDIENCES TO THE MOST IMPORTANT ART AND ARTISTS OF OUR TIME, WITH AN EMPHASIS ON FEATURING LOCAL ARTISTS. EXHIBITIONS ARE INTERWOVEN WITH OFFERINGS FROM LEARNING AND PERFORMANCE AND PUBLIC PRACTICE TO EXCITE, CHALLENGE, AND ILLUMINATE OUR VISITORS AND TO PROVIDE THEM WITH INSIGHT INTO THE CREATIVE PROCESS. THE MCA PRESENTED SEVERAL EXHIBITIONS DEALING WITH THE PANDEMIC AND THE HUMAN RESPONSE TO THE GLOBAL EVENT. THE LONG DREAM (NOVEMBER 7, 2020-MAY 2, 2021), AN EXHIBITION CONCEIVED AND EXECUTED AGAINST THE BACKDROP OF A GLOBAL PANDEMIC AND A RENEWED RECKONING OVER RACIAL JUSTICE. JUST CONNECT (JULY 17-NOVEMBER 8, 2020) WAS A COLLECTION-BASED SHOW CREATED IN RESPONSE TO THE PANDEMIC WITH SELECT WORKS THAT EXPLORE HOW WE CONNECT, BRINGING TOGETHER ARTWORKS FROM ARTISTS ACROSS GENERATIONS, NATIONALITIES, AND MEDIA. ALIEN VS. CITIZEN (JULY 17-NOVEMBER 16, 2020) CONSIDERED HOW AN INDIVIDUAL'S VALUE IS UNDERSTOOD IN RELATIONSHIP TO COMMUNITY. AS PART OF THE ASCENDANT ARTIST SERIES, WHICH IS FOCUSED ON GIVING ESTABLISHED ARTISTS THEIR FIRST SOLO MUSEUM EXHIBITION AND CATALOGUE, THE MCA FEATURED CAROLINA CAYCEDO, CHRISTINA QUARLES (MARCH 13, 2021-JANUARY 16, 2022). THIS YEAR THE CHICAGO WORKS SERIES FEATURED THE WORK OF DEBORAH STRATMAN (JULY 17-DECEMBER 6, 2020) AND OMAR VELZQUEZ (DECEMBER 26, 2020-JULY 18, 2021). 1187357 4931 PERFORMANCE AND PUBLIC PRACTICE: THE MCA'S PUBLIC PRACTICE DEPARTMENT PRODUCED 65 VIRTUAL PROGRAMS THAT BENEFITED COMMUNITY MEMBERS OF ALL AGES AND BACKGROUNDS, FREQUENTLY WORKING TOGETHER WITH THE LEARNING DEPARTMENT TO CREATE A CONTINUUM OF LIFELONG LEARNING FOR CITIZENS OF CHICAGO. NEARLY ALL OF THESE VIRTUAL PROGRAMS WERE FREE TO THE PUBLIC, AND TOOK PLACE ACROSS MULTIPLE PLATFORMS INCLUDING ZOOM, INSTAGRAM LIVE, AND FACEBOOK LIVE. IN FISCAL YEAR 2021 THE MCA HOSTED 10 VIRTUAL TALKS FROM VARIOUS ARTISTS, CURATORS, PERFORMERS, AND MUSICIANS. HIGHLIGHTS INCLUDED A DISCUSSION ON BLACK CREATIVITY IN FASHION, CONTEMPORARY ART, DANCE, AND POPULAR CULTURE WITH ARTIST NICK CAVE IN DIALOGUE WITH DANCER DAMITA JO FREEMAN, MUSICIAN NONA HENDRYX, AND PUBLISHER LINDA JOHNSON RICE (NOVEMBER 17, 2020). OTHER TALKS FEATURED ARTISTS DEBORAH STRATMAN, ANDREA BOWERS, CAROLINA CAYCEDO, AND DAN PETERMAN. THE MCA CONTINUED TO PRESENT CONTENT THROUGH THE COMMONS ONLINE, A DIGITAL EXTENSION OF THE MUSEUM'S PHYSICAL COMMUNITY SPACE, PROVIDING ACCESS TO ALL OF THE MUSEUM'S FREE VIRTUAL EVENTS AND DIGITAL RESOURCES. EACH MONTH WE PRESENTED SEVERAL PROGRAMS INCLUDING MEDITATION SESSIONS, ARTIST TALKS, VIRTUAL STUDIO VISITS, AND A SERIES CALLED SOUNDTRACK, IN WHICH LOCAL DJS CREATE CUSTOM SOUNDTRACKS THAT REFLECT THEIR PERSPECTIVE OF WORKS CURRENTLY ON VIEW IN THE MUSEUM. THROUGHOUT FY21, MORE THAN 600,000 PEOPLE PARTICIPATED IN THE MCA'S VARIOUS VIRTUAL PROGRAMS 1656235 LEARNING AND PUBLIC PROGRAMS: THROUGHOUT FY21, SEVERAL OF THE MCA'S LEARNING PROGRAMS (INCLUDING SCHOOL TOURS AND THE MULTIPLE VISIT PROGRAM) CONTINUED TO BE ON HIATUS DUE TO RESTRICTIONS ON FIELD TRIPS AND OTHER IN-PERSON GATHERINGS. IN THEIR PLACE, THE MUSEUM'S LEARNING DEPARTMENT WORKED TO CREATE ALTERNATIVE EDUCATION CHANNELS SO THAT AUDIENCES OF ALL AGES COULD CONTINUE TO OBSERVE AND LEARN FROM CONTEMPORARY ART AND IDEAS. FROM NOVEMBER 2020-MAY 2021, THE MCA'S LEARNING DEPARTMENT PRESENTED A MONTHLY VIRTUAL FAMILY DAY. THESE PROGRAMS INCORPORATED LIVE ARTIST-LED WORKSHOPS AND VARIOUS ACTIVITIES FOR FAMILIES WITH CHILDREN OF ALL AGES. AT THE ART. APPROXIMATELY 15,000 PEOPLE INTERACTED WITH THESE VIRTUAL OFFERINGS. THE TEEN CREATIVE AGENCY (TCA) IS THE MCA'S CULTURAL LEADERSHIP PROGRAM FOR CHICAGO TEENS WHO COME TOGETHER FROM ALL OVER THE CITY AND USE CONTEMPORARY ART AND THE MUSEUM TO CREATE, DREAM, ENVISION, AND TRANSFORM AROUND ISSUES THAT ARE IMPORTANT TO THEM. IN FY21, TCA CONSISTED OF 25 CURIOUS AND CREATIVE YOUNG PEOPLE BETWEEN THE AGES OF 15-19 WHO CONTINUED TO MEET VIRTUALLY EVERY SATURDAY. THE MCA'S SCHOOL PARTNERSHIP FOR ART AND CIVIC ENGAGEMENT (SPACE) PROGRAM CONTINUED TO SERVE THREE HIGH SCHOOLS IN THE CITY: CURIE METROPOLITAN HIGH SCHOOL, SARAH E. GOODE STEM ACADEMY, AND NICHOLAS SENN HIGH SCHOOL. SPACE USES CONTEMPORARY ART TO ADDRESS LOCAL CIVIC ISSUES AND MOBILIZE YOUTH AND COMMUNITY ACTION. 12739302 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 172 0 1 258 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 69 68 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ANNE-MARIE EISCHEN 3123973808 220 EAST CHICAGO AVENUE CHICAGO IL 60611 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR & CEO 40.00 0.00 X X 572527 0 142742 MICHAEL O'GRADY BOARD CHAIR AND TRUSTEE 10.00 0.00 X X 0 0 0 LESLIE BLUHM VICE CHAIR AND TRUSTEE 5.00 0.00 X X 0 0 0 KING HARRIS TREASURER AND TRUSTEE 5.00 0.00 X X 0 0 0 ANNE KAPLAN VICE CHAIR AND TRUSTEE 5.00 0.00 X X 0 0 0 CARI SACKS VICE CHAIR AND TRUSTEE 5.00 0.00 X X 0 0 0 NICKOL HACKETT SECRETARY AND TRUSTEE 5.00 0.00 X X 0 0 0 ELLEN-BLAIR CHUBE TRUSTEE 2.00 0.00 X 0 0 0 SARA ALBRECHT TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL ALPER TRUSTEE 2.00 0.00 X 0 0 0 PETER J BARACK TRUSTEE 2.00 0.00 X 0 0 0 ROBERT BELLICK TRUSTEE 2.00 0.00 X 0 0 0 JULIE BERNSTEIN TRUSTEE 2.00 0.00 X 0 0 0 MARLENE BRESLOW-BLITSTEIN TRUSTEE 2.00 0.00 X 0 0 0 MARC BROOKS TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL CANMANN TRUSTEE 2.00 0.00 X 0 0 0 CAROL COHEN TRUSTEE 2.00 0.00 X 0 0 0 TARRAH COOPER WRIGHT TRUSTEE 2.00 0.00 X 0 0 0 NANCY CROWN TRUSTEE 2.00 0.00 X 0 0 0 DIMITRIS DASKALOPOULOS TRUSTEE 2.00 0.00 X 0 0 0 ROBERT H DEFARES TRUSTEE 2.00 0.00 X 0 0 0 LISA DUARTE TRUSTEE 2.00 0.00 X 0 0 0 CHERYL S DURST TRUSTEE 2.00 0.00 X 0 0 0 LOIS EISEN TRUSTEE 2.00 0.00 X 0 0 0 DR JULIUS FEW TRUSTEE 2.00 0.00 X 0 0 0 LARRY FIELDS TRUSTEE 2.00 0.00 X 0 0 0 NICHOLAS GIAMPIETRO TRUSTEE 2.00 0.00 X 0 0 0 KENNETH C GRIFFIN TRUSTEE 2.00 0.00 X 0 0 0 JACK GUTHMAN TRUSTEE 2.00 0.00 X 0 0 0 JOHN B HARRIS TRUSTEE 2.00 0.00 X 0 0 0 JANAINA HEES TRUSTEE 2.00 0.00 X 0 0 0 CYNTHIA HUNT TRUSTEE 2.00 0.00 X 0 0 0 ELIZABETH LEFKOFSKY TRUSTEE 2.00 0.00 X 0 0 0 JONATHAN LEVIN TRUSTEE 2.00 0.00 X 0 0 0 RON LEVIN TRUSTEE 2.00 0.00 X 0 0 0 JAMES H LITINSKY TRUSTEE 2.00 0.00 X 0 0 0 LAURA KEIDAN MARTIN TRUSTEE 2.00 0.00 X 0 0 0 MARQUIS D MILLER TRUSTEE 2.00 0.00 X 0 0 0 CARRIES REYES MURPHY TRUSTEE 2.00 0.00 X 0 0 0 KATE NEISSER TRUSTEE 2.00 0.00 X 0 0 0 MARTIN NESBITT TRUSTEE 2.00 0.00 X 0 0 0 ASHLEY HEMPHILL NETZKY TRUSTEE 2.00 0.00 X 0 0 0 JAY OWEN JR TRUSTEE 2.00 0.00 X 0 0 0 CAROL PRINS TRUSTEE 2.00 0.00 X 0 0 0 EVE RODGERS TRUSTEE 2.00 0.00 X 0 0 0 ILAN SHALIT TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM SILVERSTEIN TRUSTEE 2.00 0.00 X 0 0 0 SARA SZOLD TRUSTEE 2.00 0.00 X 0 0 0 NIGEL F TELMAN TRUSTEE 2.00 0.00 X 0 0 0 ELLEN B WALLACE TRUSTEE 2.00 0.00 X 0 0 0 DIA S WEIL TRUSTEE 2.00 0.00 X 0 0 0 PEDRO WEISS TRUSTEE 2.00 0.00 X 0 0 0 I JOYCE YAUNG TRUSTEE 2.00 0.00 X 0 0 0 HELEN ZELL TRUSTEE 2.00 0.00 X 0 0 0 JOHN D CARTLAND LIFE TRUSTEE 2.00 0.00 X 0 0 0 MARSHALL FRONT LIFE TRUSTEE 2.00 0.00 X 0 0 0 HELYN D GOLDENBERG LIFE TRUSTEE 2.00 0.00 X 0 0 0 JAMES A GORDON LIFE TRUSTEE 2.00 0.00 X 0 0 0 WILLAM HOOD LIFE TRUSTEE 2.00 0.00 X 0 0 0 MARY ITTELSON LIFE TRUSTEE 2.00 0.00 X 0 0 0 DON KAUL LIFE TRUSTEE 2.00 0.00 X 0 0 0 SALLY MEYERS KOVER LIFE TRUSTEE 2.00 0.00 X 0 0 0 GAEL NEESON LIFE TRUSTEE 2.00 0.00 X 0 0 0 PENNY PRITZKER LIFE TRUSTEE 2.00 0.00 X 0 0 0 DORIE STERNBERG LIFE TRUSTEE 2.00 0.00 X 0 0 0 DARYL GERBER STOKOLS LIFE TRUSTEE 2.00 0.00 X 0 0 0 DONNA A STONE LIFE TRUSTEE 2.00 0.00 X 0 0 0 MARJORIE SUSMAN LIFE TRUSTEE 2.00 0.00 X 0 0 0 ALLEN M TURNER LIFE TRUSTEE 2.00 0.00 X 0 0 0 LISA KEY DEPUTY DIRECTOR 40.00 0.00 X 243287 0 45531 MICHAEL DARLING CHIEF CURATOR THRU 2/5/21 40.00 0.00 X 234012 0 39548 GWENDOLYN PERRY DAVIS SR. DIR. OF OPERATIONS BEG. 10/8/20 40.00 0.00 X 175922 0 45419 ANNE-MARIE EISCHEN SR. DIRECTOR OF FINANCE 40.00 0.00 X 131349 0 28149 AMY BUCZKO SR. DIR. OF OPERATIONS THRU 10/6/20 40.00 0.00 X 42733 0 7222 CLAIRE RUUD DIR. OF CURATORIAL STRATEGY 40.00 0.00 X 126893 0 28941 NINA YUNG DIR. OF DEVELOPMENT 40.00 0.00 X 125857 0 28064 GINA CROWLEY DIR. OF AUDIENCE EXPERIENCE 40.00 0.00 X 107584 0 24531 ANGELA MORROW DIR. OF COLLECTIONS & EXHIBITIONS 40.00 0.00 X 100469 0 22479 1860633 0 412626 9 0 1 0 SECURITAS SECURITY USA INC 12672 COLLECTIONS CENTER DRIVE CHICAGO IL 606930126 SECURITY SERVICES 762301 ABM INDUSTRY GROUPS LLC 180 NORTH LASALLE ST SUITE 1700 CHICAGO IL 60601 HVAC CONTRACTOR 472570 US ART COMPANY INC 4400 W OHIO ST CHICAGO IL 60624 ART STORAGE 374069 BMS OF CHICAGO LLC ELEVEN PENN PLAZA SUITE 110 NEW YORK NY 10001 JANITORIAL SERVICES 337738 TEAMLOGIC IT 935 W CHESTNUT ST SUITE 420 CHICAGO IL 60642 IT SERVICES AND SUPPLIES 304397 6 180722 324147 3773253 11558535 529295 15836657 ADMISSIONS 712110 444869 444869 PERFORMANCE 712110 4931 4931 EXHIBITIONS 712110 3431 3431 453231 495784 495784 95556 18869 76687 76687 76687 13088553 2291076 10797477 10797477 10797477 17000 324147 182320 -165320 -165320 2070232 2961692 -891460 -862940 -28520 PARKING GARAGE 712110 202818 202818 FOOD SERVICE 712110 8327 8327 MISCELLANEOUS 999999 2910 2910 214055 26817111 -409709 -28520 11418683 1851455 220672 1554035 76748 7205213 4975315 1568422 661476 223163 223163 625260 447827 112513 64920 601601 201008 346840 53753 72778 7396 64907 475 113557 9804 103123 630 100000 100000 2017750 1680002 278650 59098 286937 272293 9385 5259 1810708 926563 812080 72065 722938 99916 577581 45441 5907 5907 1173443 823252 297724 52467 28056 23860 3202 994 46617 21912 24450 255 890796 646596 202670 41530 2425263 1760410 551785 113068 260935 220363 33745 6827 STORAGE AND CONSERVATIO 284009 284041 0 -32 SHIPPING AND POSTAGE 194189 181605 7603 4981 MISCELLANEOUS -91593 -69440 -17393 -4760 20848982 12739302 6854485 1255195 17514041 16606920 10585528 13236724 4816923 2583690 645806 488472 1278193 539141 528788 892855 84401853 44206234 42651167 40195619 27769177 27066826 93665509 130083412 199455132 231693659 1999739 2638223 2645774 2514714 29880128 29900107 3771162 2549193 38296803 37602237 X 107616374 134726030 53541955 59365392 161158329 194091422 199455132 231693659 X 5968129 25947786 1017178 X 0 1 X 1 0 X 21881418 14664331 20005581 12267926 15836657 84655913 21881418 14664331 20005581 12267926 15836657 84655913 13775834 70880079 177139 439440 437636 834717 1478704 3367636 1378 3134 5304 16615 0 26431 1193450 1501842 851067 6087597 231055 9865011 97914991 30198186 0.72390 0.72290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 20736032 5874518 796040 25814510 21358230 264842 887040 20736032 21633985 625222 900977 21358230 20847421 1657466 870902 21633985 18826371 3097455 1076405 20847421 0.00000 0.67995 0.32005 0 0 3523258 3523258 70380166 35419163 34961003 10498429 8787071 1711358 40195619 OFFSHORE COMMON STOCK FUNDS MUTUAL FUNDS 70359810 F INTERNATIONAL EQUITIES MUTUAL FUNDS 40018406 F LARGE CAP EQUITIES MUTUAL FUNDS 10343229 F MID CAP EQUITIES MUTUAL FUNDS 7953967 F MULTIFAMILY PORTFOLIO LTD PARTNERSHIP 1408000 C 130083412 DERIVATIVES MARK TO MARKET 2390668 RENTAL DEPOSITS 158525 2549193 56662636 25947786 1017178 26964964 29697672 100000 -2980561 -2880561 26817111 23729543 2980561 2980561 20748982 100000 100000 20848982 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE COMMONLY FOLLOWED BY MOST AMERICAN ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTION IS NOT INCLUDED IN THE FINANCIAL STATEMENTS. CONTRIBUTIONS FOR THE PURCHASES OF ART OBJECTS, THE PROCEEDS FROM DEACCESSIONS OF ART AND THE COST OF ART OBJECTS PURCHASED ARE REPORTED AS OTHER CHANGES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. THE MUSEUM'S POLICY IS TO MAINTAIN AND CONTINUE TO ACQUIRE SIGNIFICANT WORKS OF CONTEMPORARY ART (PRINCIPALLY 1945 TO PRESENT). FROM TIME TO TIME, OBJECTS MAY BE SOLD IN ACCORDANCE WITH THE MUSEUM'S COLLECTION MANAGEMENT POLICY. ALL PROCEEDS REALIZED FROM DEACCESSIONS ARE ALLOCATED TO PURCHASE OTHER WORKS OF ART. DEACCESSION OF ART IN THE AMOUNT OF $114,992 AND $29,878 WAS REALIZED FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, RESPECTIVELY. PART III, LINE 4: THE COLLECTION IS COMPRISED OF OVER 5,500 OBJECTS IN ALL MEDIA CREATED DURING THE TWENTIETH AND TWENTY-FIRST CENTURIES. THROUGH EXHIBITIONS, PRESERVATION AND RESEARCH, THE COLLECTION SUPPORTS THE MUSEUM'S MISSION TO BE INNOVATIVE AND A COMPELLING CENTER OF CONTEMPORARY ART WHERE THE PUBLIC CAN DIRECTLY EXPERIENCE THE WORK AND IDEAS OF LIVING ARTISTS, AND UNDERSTAND THE HISTORICAL, SOCIAL AND CULTURAL CONTEXT OF THE ART OF OUR TIME. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE MUSEUM'S OPERATIONS, SUBJECT TO A SPENDING POLICY. UP TO 5% OF THE AVERAGE MARKET VALUE OF ASSETS OVER A 12 QUARTER PERIOD ENDING WITH THE PRIOR 12/31 IS MADE AVAILABLE FOR ANNUAL DRAWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAPS 1,238,469. COLLECTION ACCESSIONS 114,992. COLLECTION DEACCESSIONS -336,283. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,961,692. RENTAL EXPENSE -18,869. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,961,692. RENTAL EXPENSE 18,869. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ARTIST FEES 1959 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EXHIBITION LOAN FEES 1247 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CONSULTANT 12597 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SOFTWARE 4000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 65648308 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 3866093 0 0 0 0 0 0 69534204 0 69534204 1 0 0 1 1 0 PART III ACCOUNTING METHOD: CORPORATE ART AWARD 341147 324147 17000 28717 341147 324147 17000 28717 28717 -11717 X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR & CEO 572527 0 0 0 0 0 39500 0 103242 0 715269 0 0 0 LISA KEY DEPUTY DIRECTOR 243287 0 0 0 0 0 1344 0 44187 0 288818 0 0 0 MICHAEL DARLING CHIEF CURATOR THRU 2/5/21 234012 0 0 0 0 0 0 0 39548 0 273560 0 0 0 GWENDOLYN PERRY DAVIS SR. DIR. OF OPERATIONS BEG. 10/8/20 175922 0 0 0 0 0 10576 0 34843 0 221341 0 0 0 ANNE-MARIE EISCHEN SR. DIRECTOR OF FINANCE 131349 0 0 0 0 0 0 0 28149 0 159498 0 0 0 CLAIRE RUUD DIR. OF CURATORIAL STRATEGY 126893 0 0 0 0 0 0 0 28941 0 155834 0 0 0 NINA YUNG DIR. OF DEVELOPMENT 125857 0 0 0 0 0 0 0 28064 0 153921 0 0 0 PART I, LINE 1A PER THE PRITZKER DIRECTOR'S EMPLOYMENT AGREEMENT, BUSINESS CLASS IS BOOKED FOR ANY FLIGHTS LONGER THAN 4 HOURS. DURING FY21, NO FIRST CLASS TICKETS WERE PURCHASED. THE MUSEUM OF CONTEMPORARY ART HAD A MORATORIUM ON TRAVEL DURING THIS TIME. PART I, LINE 3 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS PERFORMANCE, GOAL ACHIEVEMENTS, PEER DATA, SURVEYS, ETC WHEN SETTING THE ANNUAL SALARY FOR THE PRITZKER DIRECTOR/CHIEF EXECUTIVE OFFICER. THE COMMITTEE REVIEWS SALARIES OF SENIOR MANAGEMENT AND ALSO APPROVES THE ANNUAL ALLOCATION TO THE STAFF SALARY INCREASE POOL. THE COMMITTEE DOCUMENTS ITS FINDINGS IN WRITING AND EMPLOYEES ARE NOT PRESENT WHEN THEIR COMPENSATION IS SET. PART I, LINE 4B THE PRITZKER DIRECTOR PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN EFFECTIVE NOVEMBER 1, 2017. THE PURPOSE OF THE PLAN IS TO PERMIT SELECTED EMPLOYEES OF THE MUSEUM TO RECEIVE SUPPLEMENTAL RETIREMENT INCOME THAT CANNOT BE PAID UNDER ITS QUALIFIED PLANS DUE TO THE REDUCTIONS AND LIMITATIONS IMPOSED BY SECTIONS 401(A)(17), 401(K)(3), 401(M) AND 415 OF THE INTERNAL REVENUE CODE OF 1986. THERE WERE NO DISTRIBUTIONS FROM THE PLAN DURING 2020. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2016-10-27 30000000 REFINANCE ILLINOIS DEVELOPMENT AUTHORITY REVENUE BONDS SERIES 1994 0 0 0 A 30000000 30000000 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 1 0 0 0 0 A 0 X 23 529295 TRANSFERRED VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRUSTEES HAVE A FAMILY RELATIONSHIP 1) MICHAEL ALPER AND HELYN GOLDENBERG, 2) KING HARRIS AND JOHN HARRIS, 3) DON KAUL AND LESLIE BLUHM THE FOLLOWING TRUSTEES HAVE A BUSINESS RELATIONSHIP 1) ANNE KAPLAN HAS BUSINESS RELATIONSHIPS WITH LOISE EISEN, SALLY KOVLER, ELIZABETH LEFKOFSKY AND DIA WEIL, 2) ROBERT BELLICK AND JAMES GORDON, AND 3) MICHAEL CANMANN AND NANCY CROWN. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE IRS FORM 990 WAS DELEGATED TO THE AUDIT COMMITTEE. AFTER REVIEW, A DRAFT COPY OF FORM 990 WAS EMAILED TO ALL BOARD MEMBERS. AFTER A 30 DAY REVIEW PERIOD, THE FORM 990 IS THEN FILED ELECTRONICALLY WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM MAINTAINS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO ALL TRUSTEES, MEMBERS OF STANDING COMMITTEES, AS WELL AS SENIOR MANAGEMENT AND OTHER DESIGNATED MEMBERS OF STAFF. THE POLICY REQUIRES THAT EACH PERSON TO WHOM THE POLICY APPLIES COMPLETE THE ANNUAL DISCLOSURE STATEMENT TO IDENTIFY ANY BUSINESS, FINANCIAL OR PERSONAL INTEREST IN MATTERS RELATING TO THE MUSEUM. THE POLICY FORBIDS SUCH INDIVIDUALS FROM VOTING ON OR USING THEIR PERSONAL INFLUENCE IN CONNECTION WITH SUCH MATTERS. IN THE EVENT THE MUSEUM DOES CONDUCT BUSINESS WITH SUCH RELATED PARTY, THE FINANCIAL TERMS OF THOSE RELATIONSHIPS ARE REPORTED ANNUALLY TO THE AUDIT COMMITTEE, WHOSE MEMBERS MUST BE INDEPENDENT PER THE TERMS OF THE CHARTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS PERFORMANCE, GOAL ACHIEVEMENT, PEER DATA, SURVEYS, ETC., WHEN SETTING THE ANNUAL SALARY FOR THE PRITZKER DIRECTOR/CHIEF EXECUTIVE OFFICER. THE COMMITTEE REVIEWS SALARIES OF SENIOR MANAGEMENT AND ALSO APPROVES THE ANNUAL ALLOCATION TO THE STAFF SALARY INCREASE POOL. THE COMMITTEE DOCUMENTS ITS FINDINGS IN WRITING, AND EMPLOYEES ARE NOT PRESENT WHEN THEIR COMPENSATION IS SET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE MUSEUM PROVIDES THE INFORMATION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP 1,238,469. COLLECTION DEACCESSIONS 114,992. COLLECTION ACQUISITIONS -336,283. IMPACT OF COVID-19 ON MARCH 11, 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF A RESPIRATORY DISEASE CAUSED BY A NEW CORONAVIRUS A PANDEMIC. FIRST IDENTIFIED IN LATE 2019 AND NOW KNOWN AS COVID-19, THE MEASURES IMPLEMENTED TO COMBAT THE OUTBREAK HAVE IMPACTED GLOBAL BUSINESS OPERATIONS. AS A RESULT OF THE PANDEMIC, THE MUSEUM CLOSED ITS FACILITIES TO THE PUBLIC AND NON-ESSENTIAL STAFF ON MARCH 13, 2020. REVENUES FROM OPERATIONS PRIMARILY CEASED DURING THE FIRST LOCKDOWN FROM MARCH 13, 2020 AND JUNE 30, 2020. THE SECOND LOCKDOWN CLOSED THE MUSEUM AGAIN BETWEEN NOVEMBER 16, 2020 AND MARCH 2, 2021. DURING BOTH OF THESE PERIODS, EXPENSES DECLINED DUE TO REDUCED OPERATIONS.