2021-11-09T06:59:46-06:00 2020-12-31 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2020-01-01 363480353 CHICAGO PUBLIC LIBRARY FOUNDATION CHIC 3122019830 200 W MADISON AVE 3RD FL CHICAGO IL 60606 BRENDA LANGSTRAAT PRESIDENT 3122019830 2021-11-08 1 BRENDA LANGSTRAAT 999009999 MARK HEROUX P00959793 3127298000 2021-11-02 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT WISLOW 200 W MADISON AV 3RD FL CHICAGO IL 60606 6776421 0 X WWW.CPLFOUNDATION.ORG X 1986 IL THE CHICAGO PUBLIC LIBRARY FOUNDATION ACCELERATES THE POTENTIAL OF OUR PUBLIC (SEE SCH O) LIBRARY BY INVESTING IN RESOURCES THAT TRANSFORM LIVES AND COMMUNITIES. 70 69 0 71 0 0 3972827 3391840 0 0 875065 853799 -253534 62545 4594358 4308184 0 0 0 0 993011 1078615 0 0 953295 5195938 2404523 6188949 3483138 -1594591 825046 31417392 35195975 556857 157357 30860535 35038618 X ESTABLISHED IN 1986, THE CHICAGO PUBLIC LIBRARY FOUNDATION (CPLF) IS AN INDEPENDENT NONPROFIT THAT EXISTS TO ACCELERATE THE POTENTIAL OF OUR PUBLIC LIBRARY BY INVESTING IN RESOURCES THAT TRANSFORM LIVES AND COMMUNITIES. FOR MORE THAN 30 YEARS, WE HAVE CONNECTED (SEE SCH O) INDIVIDUALS, CORPORATIONS, NEIGHBORHOOD ORGANIZATIONS, AND CITY AGENCIES COMMITTED TO BUILDING A STRONGER AND MORE EQUITABLE CHICAGO. TOGETHER, WE MAKE PATHWAYS TO LEARNING, CREATIVITY, AND CIVIC ENGAGEMENT ACCESSIBLE TO CHICAGOANS OF ALL AGES THROUGH INVESTMENT ACROSS THREE FUNDING PRIORITY AREAS: CLOSING THE ACADEMIC OPPORTUNITY GAP; SPARKING CREATIVITY & CONNECTION FOR ALL; AND BRIDGING THE DIGITAL DIVIDE. 0 0 699505 TOO MANY CHICAGO CHILDREN ARE BORN INTO CIRCUMSTANCES THAT LIMIT HOW FAR THEY WILL GO IN LIFE. WHETHER THAT'S THE NEIGHBORHOOD THEY GROW IN, THE SCHOOLS THEY HAVE ACCESS TO, THE RESOURCES THEIR PARENTS HAVEEVEN THE QUALITY OF THE AIROUR CITY HAS LONG BEEN DIVIDED TO THE DETRIMENT OF NOT JUST INDIVIDUALS, BUT OF OUR COLLECTIVE PROSPERITY AS CHICAGOANS. SUPPORT FROM DONORS ENSURES STUDENTS AND THEIR FAMILIES CAN ACCESS FREE HOMEWORK HELP, TOOLS FOR SUPPORTING LANGUAGE AND LITERACY DEVELOPMENT, AND YEAR-ROUND STEAM CONTENT THAT HELP ENSURE ALL OUR CITY'S CHILDREN HAVE THE SUPPORT THEY NEED TO SUCCEED EARLY IN LIFE AND TO KEEP ON SUCCEEDING. 675239 CHICAGO'S WORLD-RENOWNED ARTS AND CULTURE SECTOR FUELS TREMENDOUS CREATIVE, ECONOMIC, AND INNOVATIVE GROWTH. BUT ACCESS TO BIG IDEAS AND TOP TALENT IS OFTEN FAR OUT OF REACH FOR LOWER-INCOME MEMBERS OF OUR COMMUNITY. AS A RESULT, MANY CHICAGOANS ARE SHUT OUT FROM THE MARKETPLACE OF CREATIVITY AND THE HOLISTIC BENEFITS OF THE ARTS. OUR CITY, IN TURN, MISSES OUT ON OPPORTUNITIES TO BE ELEVATED AND ENRICHED BY THE INCLUSION OF DIVERSE NEW VOICES AND VIEWPOINTS. DONORS ACTIVATE EVERYTHING FROM MAKER SPACES TO SPECIAL COLLECTIONS PROJECTS TO DISCUSSIONS WITH THE MOST THOUGHT-PROVOKING AUTHORS OF OUR TIME. THESE OFFERINGS INVITE ALL CHICAGOANS TO EXPLORE NEW WAYS OF EXPRESSING THEMSELVES AND IMAGINING NEW POSSIBILITIES NOT ONLY FOR THEIR OWN LIVES, BUT ALSO FOR OUR CITY AND THE WORLD. 238626 ACCORDING TO THE PEW RESEARCH CENTER, MORE THAN 40% OF LOWER-INCOME HOUSEHOLDS DON'T HAVE HOME BROADBAND SERVICES OR A TRADITIONAL COMPUTER. MANY OF THESE ADULTS AND OLDER ADULTS ALSO LACK THE SKILLS THEY NEED TO NAVIGATE OUR INCREASINGLY DIGITAL WORLD EFFECTIVELY AND SAFELY. WITHOUT THIS CRUCIAL KNOW-HOW, THOUSANDS OF CHICAGOANS ARE BLOCKED FROM ONLINE OPPORTUNITIES TO APPLY FOR JOBS, FIND EDUCATION AND HEALTH RESOURCES, PARTICIPATE IN CIVIC LIFE, AND CONNECT WITH LOVED ONES. OUR DIGITAL LITERACY AND LEARNING PROGRAMS REMOVE BARRIERS THROUGH CURATED RESOURCES, SKILLS-BUILDING SUPPORT, AND USER-FRIENDLY CHICAGO DIGITALLEARN MODULES ACCESSIBLE FROM ANY COMPUTER. TOGETHER, WE TRANSFORM LIVES THROUGH TECHNOLOGY. 335913 335913 1949283 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 70 69 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X X X BETH DAVIS 3122019830 200 W MADISON ST 3RD FL CHICAGO IL 60602 TRISHA ROONEY VICE CHAIR 1.00 X X 0 0 0 JOHN L BRENNAN LIFE DIRECTOR 1.00 X 0 0 0 MARCY R CARLIN DIRECTOR 1.00 X 0 0 0 MICHELLE L COLLINS DIRECTOR 1.00 X 0 0 0 PAUL H DYKSTRA LIFE DIRECTOR 1.00 X 0 0 0 LINDA FILLER DIRECTOR 1.00 X 0 0 0 DAVID F HEROY DIRECTOR 1.00 X 0 0 0 LESLIE S HINDMAN LIFE DIRECTOR 1.00 X 0 0 0 DONNA LAPIETRA DIRECTOR 1.00 X 0 0 0 CHERYL MAYBERRY MCKISSACK DIRECTOR 1.00 X 0 0 0 CINDY PRITZKER CHAIRMAN EMERITUS 1.00 X X 0 0 0 JOHN RAU LIFE DIRECTOR 1.00 X 0 0 0 BRUCE SAGAN SECRETARY 1.00 X X 0 0 0 RODD SCHREIBER DIRECTOR 1.00 X 0 0 0 CHARLIE A SCHROCK LIFE DIRECTOR 1.00 X 0 0 0 MAUREEN DWYER SMITH LIFE DIRECTOR 1.00 X 0 0 0 LINDA J STEPHANS LIFE DIRECTOR 1.00 X 0 0 0 DIA S WEIL LIFE DIRECTOR 1.00 X 0 0 0 ROBERT A WISLOW CHAIRMAN 5.00 X X 0 0 0 JAMES F FELDSTEIN LIFE DIRECTOR 1.00 X 0 0 0 MARSHALL FIELD LIFE DIRECTOR 1.00 X 0 0 0 J IRA HARRIS LIFE DIRECTOR 1.00 X 0 0 0 FRANK A ROSSI LIFE DIRECTOR 1.00 X 0 0 0 ELLA D STRUBEL LIFE DIRECTOR 1.00 X 0 0 0 AUDREY BABLES TUGGLE LIFE DIRECTOR 1.00 X 0 0 0 DAVID R CASPER VICE CHAIR 2.00 X X 0 0 0 SUREN GUPTA DIRECTOR 1.00 X 0 0 0 LINDA JOHNSON RICE DIRECTOR 1.00 X 0 0 0 SHEILA OWENS DIRECTOR 1.00 X 0 0 0 JODI BLOCK DIRECTOR 1.00 X 0 0 0 CARLETTE MCMULLAN DIRECTOR 1.00 X 0 0 0 WENDY BERGER DIRECTOR 1.00 X 0 0 0 MICHAEL FASSNACHT DIRECTOR 1.00 X 0 0 0 GRAHAM C GRADY DIRECTOR 1.00 X 0 0 0 JACQUELINE GRIESDORN DIRECTOR 1.00 X 0 0 0 JOSE MARTINEZ TREASURER 1.00 X 0 0 0 MARY LEE SCHNEIDER DIRECTOR 1.00 X 0 0 0 JAMES LAWRY LIFE DIRECTOR 1.00 X 0 0 0 MONIQUE DEMERY DIRECTOR 1.00 X 0 0 0 DEIRDRE DRAKE DIRECTOR 1.00 X 0 0 0 ROCCO DEGRASSE LIFE DIRECTOR 1.00 X 0 0 0 ESTHER CHOY DIRECTOR 1.00 X 0 0 0 KATHLEEN BOEGE DIRECTOR 1.00 X 0 0 0 JENNIFER FRIEDES DIRECTOR 1.00 X 0 0 0 FRANCIA HARRINGTON DIRECTOR 1.00 X 0 0 0 ADAM HOEFLICH DIRECTOR 1.00 X 0 0 0 DELU JACKSON DIRECTOR 1.00 X 0 0 0 ROGER LIEW DIRECTOR 1.00 X 0 0 0 MARK SPROAT DIRECTOR 1.00 X 0 0 0 CHERRYL THOMAS DIRECTOR 1.00 X 0 0 0 MICHAEL WILSON DIRECTOR 1.00 X 0 0 0 SONDRA EPSTEIN LIFE DIRECTOR 1.00 X 0 0 0 BRENDA LANGSTRAAT PRESIDENT 40.00 X X 208000 0 30976 MARGARET BACZKOWSKI DIRECTOR 1.00 X 0 0 0 ANGELA EUSTON DIRECTOR 1.00 X 0 0 0 ADAM HECKTMAN DIRECTOR 1.00 X 0 0 0 TRISHA MOWBRAY DIRECTOR 1.00 X 0 0 0 JOSEPH NIGRO DIRECTOR 1.00 X 0 0 0 ANNE DALEY RYAN DIRECTOR 1.00 X 0 0 0 ANDREA SAENZ DIRECTOR 1.00 X 0 0 0 LAURENCE SZUMSKI DIRECTOR 1.00 X 0 0 0 ELIZABETH TULACH DIRECTOR 1.00 X 0 0 0 HEATHER ALGER DIRECTOR 1.00 X 0 0 0 STEVE HENDRY DIRECTOR 1.00 X 0 0 0 ARCHANA KUMAR DIRECTOR 1.00 X 0 0 0 ANDREW LADD DIRECTOR 1.00 X 0 0 0 BRYAN LOGAN DIRECTOR 1.00 X 0 0 0 ANDRES ORDONEZ DIRECTOR 1.00 X 0 0 0 RANDY RIVERA DIRECTOR 1.00 X 0 0 0 SUZANNE YOON DIRECTOR 1.00 X 0 0 0 208000 0 30976 1 0 1 0 0 1119337 2272503 3391840 387008 387008 2725322 2258531 466791 466791 466791 59945 1119337 209706 -149761 -149761 MISCELLANEOUS INCOME 900099 212306 212306 212306 4308184 0 0 916344 250548 125274 125274 658665 196735 461930 61009 16644 44365 59756 24019 35737 48637 17204 31433 874 874 49293 49293 322988 235552 64475 22961 119386 48074 71312 7472 2997 4475 91933 20237 14923 56773 103920 37619 66301 35775 24356 2265 9154 3040 338 200 2502 9545 9545 GRANT FUNDED POSITIONS 846503 846503 PRINTING & DESIGN 353942 353942 HONORARIA 201886 201886 BOOKS/SUBSCRIPTIONS/PUB 132396 131549 847 125570 86846 18493 20231 3483138 1949283 580560 953295 2729249 3552967 81001 81013 773984 634350 44787 57380 50148 50148 0 0 27708318 30802094 31607 28489 48446 39682 31417392 35195975 556857 157357 556857 157357 X 14452621 16062025 16407914 18976593 30860535 35038618 31417392 35195975 825046 3360212 -7175 0 X X 0 1 X 1 0 X 4931768 5830661 4885764 3972827 3391840 23012860 4931768 5830661 4885764 3972827 3391840 23012860 1566644 21446216 538374 710159 500559 548309 387008 2684409 71029 118084 160214 153770 272251 775348 26472617 0.81010 0.78140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 0 14844361 4206836 1148694 17902503 11014693 4905652 1075984 14844361 14060385 -1951248 1094444 11014693 11212420 4189017 1341052 14060385 11321615 1208617 1317812 11212420 0.09000 0.91000 0 0 50148 50148 0 0 X 7940058 3360212 278837 3639049 4301009 7175 7175 4308184 3761975 278837 278837 3483138 0 3483138 PART X, LINE 2: THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE FOUNDATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. FORM 990, SCHEDULE D, PART III, LINE 1A AND LINE 4: THE FOUNDATION HAS ADOPTED A POLICY OF CAPITALIZING COLLECTIONS AT A NOMINAL VALUE IN ITS FINANCIAL STATEMENTS. ALTHOUGH THE FINANCIAL STATEMENTS DO NOT DISCLOSE THE CUMULATIVE VALUE OF COLLECTIONS, CERTAIN ARTWORK RECEIVED IN 1991 AS AN UNRESTRICTED DONATION HAS BEEN CATALOGED AND PRESERVED. SINCE 2003 THE ARTWORK HAS BEEN DISPLAYED, ON A PERMANENT LOAN, IN THE JOAN W. AND IRVING B. HARRIS THEATER FOR MUSIC AND DANCE. THE THEATER CARRIES A $2 MILLION INSURANCE POLICY ON THIS ARTWORK. SCHEDULE D, PART V, LINE 4 THE FOUNDATION ADOPTED A SPENDING POLICY DIRECTED AT MEETING CURRENT OPERATIONAL BUDGET REQUIREMENTS. THE FOUNDATION'S POLICY HAS BEEN TO EXPEND 4.5% OF A FOUR-YEAR ROLLING AVERAGE OF THE MARKET VALUE OF THE FOUNDATION'S INVESTMENTS AS OF EACH DECEMBER 31, AS AUDITED. ENDOWMENT YIELDS THAT ARE IN EXCESS OF THE SPENDING POLICY ARE RETURNED TO THE ENDOWMENT AND REINVESTED. HOWEVER, IF ENDOWMENT YIELDS ARE NOT SUFFICIENT TO SUPPORT THE SPENDING POLICY, THE BALANCE IS PROVIDED FROM REALIZED CAPITAL GAINS. THE DIFFERENCE BETWEEN THE ACTUAL YIELD ON ENDOWMENT INVESTMENTS AND THE SPENDING RATE IS REPORTED AS A NONOPERATING EXCESS OR DEFICIT. X X X X X X X 0 CSLA DINNER 1179282 1119337 59945 209706 1179282 1119337 59945 209706 209706 -149761 X 1 1 X 0 0 0 0 0 0 0 0 0 BRENDA LANGSTRAAT PRESIDENT 208000 0 0 0 0 0 20000 0 10976 0 238976 0 0 0 FORM 990, SCHEDULE J, PART II, LINE 1 THE BOARD APPROVED A CHANGE IN THE TERMS OF BRENDA LANGSTRAAT'S [FOUNDATION PRESIDENT & CEO], SOHO CLUB MEMBERSHIP. SINCE THE MAJORITY OF CLUB USE IS FOR BUSINESS PURPOSES, MONTHLY MEMBERSHIP AND RELATED ASSESSMENTS WILL BE PAID IN FULL BY THE FOUNDATION. BRENDA WILL CONTINUE TO PAY ALL NON-BUSINESS RELATED FOOD AND OTHER CHARGES. 12 N VENTURE LLC OWNED BY ROBERT WISLOW 18999 RENT & MAINTENANCE WORK ORDERS 0 FORM 990, PART VI, SECTION A, LINE 7A CANDIDATES FOR MEMBERS OF THE BOARD OF DIRECTORS AND TO FILL VACANCIES ON THE BOARD OF DIRECTORS SHALL BE NOMINATED BY THE GOVERNANCE COMMITTEE. ADDITIONAL NOMINATIONS MAY BE MADE BY ANY MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS ELECTRONICALLY BEFORE IT IS FILED. BOARD MEMBERS REVIEW AND COMMENT ON THE RETURN. THE RETURN IS FILED AFTER REVIEW FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES DIRECTORS AND KEY EMPLOYEES TO FILL OUT AN ANNUAL QUESTIONNAIRE TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS USING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WILL BE PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C: THE CHICAGO PUBLIC LIBRARY FOUNDATION HAS NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.