2021-07-27T12:49:23-00:00 2020-12-31 Plante Moran PLLC 10 South Riverside Plaza 9th Floor Chicago IL 60606 990 2020-01-01 362167016 Chicago Zoological Society CHIC 7086888300 3300 Golf Road Brookfield IL 60513 Stuart D Strahl Ph D President and CEO 2021-07-27 true Stuart Strahl 999009999 LuAnn Trapp P01506476 3122071040 2021-07-27 AAL1 IAL1 2020 2022-09-23 18:48:47Z Brookfield Zoo Stuart D Strahl PhD 3300 Golf Road Brookfield IL 60513 81160511 false X www.czs.org X 1921 IL To inspire conservation leadership by connecting people with wildlife and nature. 45 44 1016 867 114229 40865 37941180 38193684 21702597 19503699 3002411 1906500 8351559 240836 70997747 59844719 293590 223303 0 43376990 32187419 69592 41243 2578525 29837978 24360287 73578150 56812252 -2580403 3032467 212738000 212053000 54890000 47049000 157848000 165004000 X To inspire conservation leadership by connecting people with wildlife and nature. false true 20827479 16160782 Park Operations The CZS maintains 75 buildings on 214 acres of land to exhibit over 2,500 animals. In a typical year, two million visitors annually enjoy the experience of seeing and learning about the animals of the world. Each individual that enters through Brookfield Zoos gates represents an opportunity to introduce representatives of the wild world, to convey our intertwined connections to the animal kingdom, and to encourage positive change in the world. During 2020, the zoo was closed to the public from March-June and open under limited capacity restrictions July-Dec, due to the COVID Pandemic. Indoor areas and special attractions remained closed July-Dec. Total attendance for 2020 was 825,000. During July-Dec, CZS maintained a safe outdoor environment for guests to connect with animals, ensuring abidence with state mandated COVID safety protocols including capacity restrictions, social distancing and mask wearing . The membership team serviced our 112,000 member households, providing them with the opportunity to participate in the conservation and educational efforts of CZS. 19885000 21049 459830 Center for Science and Animal Well-Being CSAW More than 2500 ambassadors of the animal kingdom provide our visitors with a rare opportunity to see species from around the globe and experience up close, personal encounters with some. Expert care of these ambassadors is a time-honored tradition at CZS, where innovations in husbandry techniques and pioneering breeding programs are part of the cuttting edge culture of excellence. CSAW staff integrate disciplines such as population biology, behavioral science, nutrition and veterinary science to determine the best ways to provide and continuously care for the animals. They also incorporate models and practices from around the world, and from an array of animal care professionals, to develop the best possible zoo-based animal care and management practices. Throughout the COVID related closure of the Zoo to the public, staff continued to provide expert care to the over 2500 animals in their care. Staff also participated in daily Bringing the Zoo to You virtual keeper chats available for free to the pubic on social media platforms. 5020000 202254 148579 Center for Conservation Leadership CCL Through its many conservation and education programs, CZS communicates with others to engender in them a sense of ownership about living harmoniously with nature and helping save endangered species. Education specialists, volunteers, curators, graphic and exhibit designers, photographers and many others contribute to sharing this information both in person and virtually. As well as reaching the daily visitors to the Zoo, CZS engages would be conservationists outside of the Zoo including classrooms of school children, teachers and community leaders. Additionally through field programs, CZS supports efforts to protect and restore populations of threatened species in other parts of the world. The CCL strengthens the bridge between education and conservation, between field research and the animals in our care. During the COVID related closure of the Zoo to the public, CCL staff succesfully converted many of their in person classes to virtual learning platforms. 45732479 true true false true false true false true false true true false false false true false true true false false true true false true true false false true true true true false false false false false false false false true false true false false false false false false false false true X 74 0 true 1016 true true true false false false false true true false false false true false false false X 45 44 true true false false true true false true true false false false true true true true true true true false FL IL WI X David E Burns 7086888387 3300 Golf Road Brookfield IL 60513 Stuart D Strahl PhD President and CEO 040.00 X X 823727 0 39334 Richard G Gamble Chief Operating Officer through 6/20 040.00 X 372496 0 38176 Cynthia W Zeigler Chief Advancement Officer 040.00 X 327497 0 28426 David E Burns Chief Financial and Admin. Officer 040.00 X 262940 0 29651 Sarah Breen-Bartecki Sr. VP Conserv Pgms, ResearchFunding 040.00 X 237757 0 16598 Frank W Zeigler Sr. VP Animal Programs 040.00 X 235098 0 14321 Leah Rippe VP Marketing Communications 040.00 X 185513 0 38362 Mary A Cronin Master Planning Coordinator 040.00 X 203846 0 0 Sandra L Dornhecker Sr. VP Human Resources 040.00 X 174669 0 24571 Michael Owens VP Information Technology 040.00 X 190705 0 8283 Jerome E Johnston VP Guest Services Operations 040.00 X 175044 0 11552 John P Grube Chairman of the Board 002.00 X X 0 0 0 Fred A Krehbiel Honorary Chairman of the Board 002.00 X X 0 0 0 William C Kunkler III Deputy Chairman of the Board 002.00 X X 0 0 0 Elizabeth Hamill Bramsen Vice-Chairman of the Board 002.00 X X 0 0 0 Merrick M Elfman Vice-Chairman of the Board 002.00 X X 0 0 0 Bert A Getz Jr Vice-Chairman of the Board 002.00 X X 0 0 0 Kelley C Schueler Vice-Chairman of the Board 002.00 X X 0 0 0 Kathryn Babcock Shaffer Vice-Chairman of the Board 002.00 X X 0 0 0 Cherryl T Thomas Vice-Chairman of the Board 002.00 X X 0 0 0 Michael P Emmert Treasurer 002.00 X X 0 0 0 Randall G Vickery Secretary 002.00 X X 0 0 0 Stuart B Abelson Trustee 002.00 X 0 0 0 Mrs LW Alberts Trustee through 11/20 002.00 X 0 0 0 George Barr Trustee 002.00 X 0 0 0 Walter W Becky II Trustee 002.00 X 0 0 0 Jay D Bergman Trustee 002.00 X 0 0 0 Edward McCormick Blair Jr Trustee 002.00 X 0 0 0 Barbara J Bradford Trustee 002.00 X 0 0 0 James A Bryan Trustee 002.00 X 0 0 0 Michael G Canning Trustee 002.00 X 0 0 0 Kevin M Carmody Trustee 002.00 X 0 0 0 John A Carpenter Trustee 002.00 X 0 0 0 Dr Bonny Chen Trustee 002.00 X 0 0 0 Rita Sola Cook Trustee 002.00 X 0 0 0 Dawn M Davis Trustee through 12/20 002.00 X 0 0 0 JR Davis III Trustee as of 12/20 002.00 X 0 0 0 Michael F DeSantiago Trustee 002.00 X 0 0 0 Gregory J DiDomenico Trustee 002.00 X 0 0 0 Arthur J Fogel Trustee 002.00 X 0 0 0 Sasha L Gerritson Trustee 002.00 X 0 0 0 Veronica Gomez Trustee 002.00 X 0 0 0 Barbara Grayson Trustee as of 3/20 002.00 X 0 0 0 Joseph A Gregoire Trustee 002.00 X 0 0 0 Steve Groetsema Trustee 002.00 X 0 0 0 Christine E Holden Trustee through 7/20 002.00 X 0 0 0 Heidi Huizenga Trustee 002.00 X 0 0 0 Kevin M Keeley Trustee 002.00 X 0 0 0 Molly Keller Trustee 002.00 X 0 0 0 Kevin M Killips Trustee as of 3/20 002.00 X 0 0 0 Barbara Levy Kipper Trustee 002.00 X 0 0 0 William O Lipinski Trustee 002.00 X 0 0 0 Jerry Manne Trustee 002.00 X 0 0 0 Toni Preckwinkle Trustee 002.00 X 0 0 0 Mark G Sander Trustee 002.00 X 0 0 0 Ted Staszak Trustee 002.00 X 0 0 0 Patrick E Whiteside Trustee 002.00 X 0 0 0 Ryan P Williamson Trustee 002.00 X 0 0 0 3189292 249274 36 false true false University of Illinois 506 S Wright St Urbana IL 61802 Veterinary/PathologyLab Services 586341 Dino Don Inc 1640 N Ridley Creek Rd Media PA 19063 3rd Party Exhibit 397209 The Northern Trust Company 50 S LaSalle Street Chicago IL 60603 Banking and Investment Services 373122 RapportOAG PO Box 74008223 Chicago IL 60674 Advertising 318220 Chilton Yambert Porter LLP 303 W Madison Suite 2300 Chicago IL 60606 Legal Services 314746 24 57700 1336116 21344982 15454886 3932052 38193684 General Admissions 900099 3840260 3840260 Memberships 900099 11075817 11075817 Visitor Services 900099 1840732 403194 1437538 Admissions-Internal Attractions 900099 337566 337566 Visitor Parking 900099 1272797 1272797 1136527 926283 114229 96015 19503699 838085 838085 58650 58650 58650 58650 22220373 21151958 1068415 1068415 1068415 257001 1336116 174937 82064 82064 89019 -11103 100122 71842 28280 59844719 16654962 114229 4881844 30475 30475 25000 25000 167828 167828 0 2426021 949701 752329 723991 0 21676694 17796758 2899543 980393 557708 457883 74601 25224 5105649 3721809 977726 406114 2421347 1987947 323887 109513 0 457227 457227 85300 85300 49627 49627 41243 41243 128854 128854 3469043 3188266 238821 41956 1033271 1033271 4211896 3968893 148976 94027 912201 118643 730477 63081 10203 10203 1864834 1852720 9495 2619 12382 9548 1235 1599 0 29139 17937 6040 5162 349654 349654 0 8897169 8418532 435992 42645 1008828 921758 69716 17354 Animal Food and Transport 1094798 1094798 Revenue Bond Maintenance fees 343040 343040 Gain/Loss on Retirement of Fixed Assets 61600 61600 UBIT Taxes 12872 12872 328349 226614 78131 23604 56812252 45732479 8501248 2578525 1812623 506662 18604492 27671049 7346577 4732606 471080 828165 595245 699517 557950 287452711 166390364 129293909 121062347 53805000 56576000 109557 118221 212738000 212053000 6609250 3985397 9846712 9365491 34185000 29975000 4249038 3723112 54890000 47049000 X 135237000 140959000 22611000 24045000 157848000 165004000 212738000 212053000 X 3032467 4292208 -168675 X false true X true false X 17583393 24608097 21190270 23367263 23516558 110265581 15437426 15115544 15178033 14573917 14677126 74982046 33020819 39723641 36368303 37941180 38193684 185247627 4360904 180886723 906995 1014980 1509502 1906637 896735 6234849 11592 29847 40865 82304 191564780 152323838 0.94430 0.94950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true true false true 75857 false false 75857 false II-B 1A-J The Chicago Zoological Society is a private non profit organization that operates Brookfield Zoo on land owned by the Forest Preserve District of Cook County. Brookfield Zoo was created through an act of the Illinois Legislature and the Society annually receives partial funding from Cook County to maintain and operate the Zoo. Occasionally, the laws and regulations under which the Society was organized and is funded and operated require updating. The Society may advise and assist appropriate legislative bodies in this activity. It may also advocate the adoption or rejection of legislation. By virtue of a management agreement with the District, the Society is periodically called upon to advise on matters of public policy. The Society also employs certain staff and consultants to communicate with the State of Illinois, federal officials, county commissioners and other government officials, to inform those parties of the activities of the Society. Additionally, as required during the year, the Societys President and designated staff attend national and international professional group meetings and otherwise communicate with those groups on various matters, including the expression of opinions to appropriate congressional representatives, congressional committees or other deliberative bodies that influence public policy concerning species in danger of extinction, environmental management, the biological sciences and kindred subject, and federal regulatory agency activities affecting wildlife and its management. Also, as needed from time to time, the Society may contact its members, staff and volunteers to encourage them to express their views on pending legislation that may have a direct impact on the Society and its conservation programs. 2 345766 229593 2777019 false false X X X X false false false 22362000 172000 2998000 927000 43000 24562000 19131000 321000 3802000 849000 43000 22362000 20074000 1573000 -1642000 834000 40000 19131000 17699000 342000 2893000 840000 20000 20074000 16699000 266000 1622000 853000 35000 17699000 0.23000 0.42000 0.35000 true false 277748815 157986791 119762024 9654946 8403573 1251373 48950 48950 121062347 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Accrued Post Retirement Benefit Obligation 1650258 Accrued Sick Pay Benefit Obligation 1281612 Charitable Gift Annuity Obligation 187403 Market Value of Swap Agreements 769926 Unamortized Bond Issue Costs -165923 Other -164 3723112 X 73277000 4292208 747837 8418000 13458045 59818955 128854 -103090 25764 59844719 70572000 747837 13140765 13888602 56683398 128854 128854 56812252 I 5 and 6 The Society does not maintain any donor advised funds. Other Funds consist of the Chicago Board of Trade Endangered Species Fund and the CZS Womens Board Fund. Contributions to these funds come from donors as well as proceeds from fundraising events and investment income. Grants are decided by committees as described in Schedule I. At times, donors who have given money to the fund may also sit on the granting committee but no one donor may decide on the grant awards. All grants awarded must follow the guidelines and processes established by CZS. CZS Board of Trustees has final approval of all Chicago Board of Trade Endangered Species Fund Committee recommended grant awards. CZS Management has final approval of all CZS Womens Board recommended grant awards. III 1A Animal Collections, which were acquired through breeding loans, purchases and contributions, are not recognized as assets on the Statement of Financial Position. Costs to acquire collection items are recorded as decreases in unrestricted net assets in the year in which the animals are acquired. Proceeds from deaccessions are reflected as increases in the appropriate net asset class. The Societys animal collection consists of specimens with numerous attributes including taxonomic group, age, sex, relationship and value to other animals, endangered status and breeding potential. The Society retains a record of every animal in a permanent file. An inventory of the collection is prepared annually. Professionally trained keeper staff and population managers provide daily care for the collection and determine population needs. III 4 The more than 2500 ambassadors of the animal kingdom which make up the CZS collection provide our visitors a rare opportunity to see species from around the globe. The collection, in connection with our education programs, provides CZS the opportunity to teach guests about animals and nature, conservation and other related topics. V 4 The Societys endowment consists of different funds established to support a variety of CZS programs including conservation and research, education and outreach, care of the animal collection and grounds, and general operations. Additionally, the Society is the designated beneficiary of the interest income on a 1 million endowment established and maintained by the Chicago Community Trust. The CCT maintains variance power over this endowment and, accordingly, the Society has not included it in its financial statements. VI 1A-E The Society operates a zoological park on land owned by the Forest Preserve District of Cook County, IL which is provided to the Society at no charge. The land site of the Zoo, accordingly, is not recorded on the Societys financial statements. All park improvements acquired by the Society are legally owned by the District. All park improvements acquired by the Society, including those acquired with District funds, are recorded as park improvements on the Societys financial statements. The amount in Other represents construction in progress on capital assets. Once a capital asset is complete and in use, the total amount for that project is closed out of construction in progress and transferred to park improvements. X 2 The Society is a not-for-profit corporation and is exempt from tax under the provisions of Internal Revenue Code Section 501c3, except for taxes on unrelated business income. The Society has no liability for uncertain tax positions, therefore the Society does not include such a footnote as it is no longer required by generally accepted accounting principles. XI 2d Due to change in accounting year, audited financial statements are for a 15 month period. Portion of the audited financial statements related to short year 1/1/21-3/31/21 8,418,000 XI 4b Other Adjustments - Cost of Sales of Inventory 11,103, fundraising event expense -114,484, Rounding and Misc adjustments 291 XII 2d Other Adjustments - Portion of the 15 month audited financial statements related to the short year 1/1/21-3/31/21 12,701,000 Cost of Sales of Inventory -11,103, change in market value of swap agreements 336,758, fundraising event expense 114,484, Rounding and Misc adjustments -374 true Central America and the Caribbean grants to recipients for fieldwork in region 4800 East Asia and the Pacific program services attend conservation related conference 679 East Asia and the Pacific grants to recipients for fieldwork in region 58743 Europe Including Iceland and Greenland program services memberships in conservation organizations 13359 North America grants to recipients for fieldwork in region 4600 Russia and the Neighboring States grants to recipients for fieldwork in region 5000 South America program services memberships in conservation organizations 1000 South America grants to recipients for fieldwork in region 45768 South Asia grants to recipients for fieldwork in region 13810 Sub-Saharan Africa grants to recipients for fieldwork in region 35107 182866 182866 East Asia and the Pacific conservation fieldwork 39623 wire transfer South America conservation research fieldwork 19263 check South America conservation research fieldwork 7600 wire transfer Sub-Saharan Africa conservtion research fieldwork 9851 wire transfer 4 false false false false false false Part I Line 2 The Society awards grants through its Chicago Board of Trade Endangered Species Fund CBT ESF. The grant cycle is 2 times per year. Grant proposals are reviewed by a team of four. Proposals may be endorsed by an IUCN Species Survival Committee or other major, internationally known conservation organization, the AZA/WAZA, or other major zoo organization. For any individuals/organizations who are not US Citizens/entities, the Society checks the most recent OFAC Control List of Specifically Designated and Blocked Persons as well as the Consolidated List established and maintained by the 1267 Committee with respect to Al-Qaida, Osama Bin Laden, and the Taliban and other individuals, groups, undertakings and entities associated with them. Approximately 50,000 is awarded each cycle, usually in amounts of 2000 to 5000 per grant. Final award recommendations are presented to the Executive Committee of the Board of Trustees by the CBOT Committee members. Final reports are due 1 year after the receipt of the funds along with a final accounting of the grant funds expended. In addition, other grant funds are given by the Society to major, internationally known conservation organizations in support of their general conservation mission. These contributions are determined by Society management. They are approved by the Board either as part of the annual operating budget process or as part of a periodic spending authorization from the Societys Board Designated Conservation Fund. Part I Line 2 contd The Society also holds funds raised for avian conservation and pangolin conservation programs. A small number of research grants are awarded from these funds each year. The grants awarded from these funds are approved by the Avian Scientific Advisory Group and the Pangolin Consortium Group. These groups are composed of staff from the Society and other like-minded institutions. Both groups have written grant application, awarding, tracking and reporting processes in place. All grant payments approved by the groups must follow the Societys established internal procedures before payment is made. Part I Line 3, Col F , Part II Line 1, and Part III All expenditures are reported using the accrual method of accounting. X X X X X X X true Patricia Hurley and Assoc 205 S Wacker Dr Suite 1400 Chicago IL 60606 Consulting-fundraising evt false 1369886 41243 1328643 1369886 41243 1328643 FL IL IN WI Whirl Virtual Gala 1369886 1151086 218800 3547 137659 Conservation Awards Virtual Celebration 186050 185030 1020 363 10544 1 37181 37181 14871 7953 1593117 1336116 257001 18781 156156 174937 82064 true Global Wildlife Conservation PO Box 129 Austin TX 78767 262887967 501c3 25000 general operating support 1 Educ. Scholarship for Conservation Education 5 25000 Part I Line 2 CZS awards grants and assistance through a variety of programs. For awards under the CBT ESF and Avian and Pangolin Conservation Programs, as well as general contributions to major conservation organizations, see details in Schedule F, part V. CZS also provides grants and assistance through its educational scholarship programs. CZS maintains records to substantiate amounts, elegibility and selection criteria. Procedures are in place to monitor grants to ensure they are used for proper purposes including, where applicable, periodic reporting by the grantee. X X true true X X X X X true true false false false false false false false Stuart D Strahl PhD President and CEO 478431 345296 16430 22904 863061 284814 Richard G Gamble Chief Operating Officer through 6/20 160975 211521 5850 32326 410672 Cynthia W Zeigler Chief Advancement Officer 317943 9554 6035 22391 355923 David E Burns Chief Financial and Admin. Officer 260414 2526 7493 22158 292591 Sarah Breen-Bartecki Sr. VP Conserv Pgms, ResearchFunding 233766 3991 7154 9444 254355 Frank W Zeigler Sr. VP Animal Programs 224919 10179 5571 8750 249419 Mary A Cronin Master Planning Coordinator 203846 203846 Michael Owens VP Information Technology 186417 4288 4598 3685 198988 Leah Rippe VP Marketing Communications 183325 2188 5738 32624 223875 Jerome E Johnston VP Guest Services Operations 173217 1827 5243 6309 186596 Sandra L Dornhecker Sr. VP Human Resources 169262 5407 2659 21912 199240 Part I Line 1a As provided for in the executive employment agreement approved by the Board of Trustees, the President received a housing allowance and a gross up payment equivalent to the tax obligation for the value of the Society provided life insurance. Both were treated as taxable compensation to the President. Part I Line 4a As provided for in the Severance Agreement with the Chief Operating Officer related to the elimination of the position, he received a severance payment of 160,650. Part I Line 4b As provided for in the CZS Deferred Compensation Plan and as approved by the Board of Trustees, an interest credit was made to the Plan on behalf of the President in the amount of 7,880. Also, as provided for in the CZS Deferred Compensation Plan, a payout was made to the President of previously deferred compensation in the amount of 292,694. This deferred compensation was accrued over a 9 year period from 2012 through 2020. 284,814 of the total payout 292,694 was previously reported as deferred compensation on the appropriate prior years 990 Schedule J. A Village of Brookfield Cook County IL 366005807 112732AAO 2008-06-18 39850000 Construction and renovation of certain buildings and exhibits false false false A 10930000 39850000 595445 296598 30539559 2010 false false true true A false false false false false false true A false true true true The Northern Trust Co 0000000010.000000000000 false false false false true A true Part II Line 11A Some proceeds of the bonds were used to retire a portion of the bonds as reported in Part II, Line 1A Part IV Line 2c Column A The rebate calculation was performed by an independent rebate consultant in March 2013 indicating no rebate was due and advising that as long as all assumptions remained true it was no longer necessary to compute excess with respect to these bonds. Cynthia W Zeigler Family Member of Key Employee 355923 employment false Frank W Zeigler Family Member of Key Employee 249419 employment false Part IV Line 1 During 2020, Cynthia W. Zeigler was employed as Chief Advancement Officer. She is a family member of key employee Frank W. Zeigler. Her employment follows the Societys established recruiting, hiring and compensation policies. Part IV Line 2 During 2020, Frank W. Zeigler was employed as Sr. VP Animal Programs. He is a family member of key employee Cynthia W. Zeigler. His employment follows the Societys established recruiting, hiring and compensation policies. X 1 42300 appraisal X 31 3193606 price of stock on gift date X 3 7976 cost or selling price X 1 4400 cost or selling price X 22 X Operating supplies 40 571117 cost or selling price X Charity Auction Items 35 60453 cost or selling price X Medical Equipment 3 52200 cost or selling price 2 false true true Part I Line Line 32b The Society has an agreement with IDonate to process certain non cash donations on behalf of the Society. Donors donate their items to IDonate Foundation/Servant Foundation, a 501c3 organization, who sells the items, retains a commission and issues a cash grant to the Society for the remainder. Part I Line 33 Securities Current year contributions of stock which represent payments on pledges recorded as contribution in a previous year are not included in the revenue shown on Form 990, Part VIII, Line 1g. Stock gifts which represent payments of Conditional Contributions for which the conditions for revenue recogntion have not yet been met are also not included in the revenue shown on Form 990, Part VIII, Line 1g. Part I Line 33 Collection Items/Scientific Specimens A zero dollar amount was reported on Form 990, Part VIII, Line 1g because the Society does not capitalize its collection, as allowed under SFAS 116. Form 990, Part V, Section A, Line 1A The fiscal, general oversight, and policies of the Society are vested in a Board of not more than 58 Trustees. As of December 31, 2020, there were 45 voting Trustess. The elected Officers of the Board, the chairs of the standing committees and such other Trustees as may be appointed by the Chairman constitute the Executive Committee. The Executive Committee has the power to transact all regular business of the Society during the period between the regular Board meetings. Form 990, Part VI, Section A, Line 2 Cindy Zeigler, Key Employee and Frank Zeigler, Key Employee - Family Relationship. Form 990, Part VI, Section A, Line 6 The membership of the Society is composed of up to 250 Governing Members. Up to 55 of the 58 Board of Trustees are elected by the Governing Members at their annual meeting. Governing Members are also eligible for appointment by the Societys Chairman to serve on Board committees other than the Exectuive Committee. Governing Members are chosen by the Nominating Committee of the Board of Trustees and voted on by the full Board of Trustees. Form 990, Part VI, Section A, Line 7A The membership of the Society is composed of up to 250 Governing Members. Up to 55 of the 58 Board of Trustees are elected by the Governing Members at their annual meeting. Governing Members are also eligible for appointment by the Societys Chairman to serve on the Board committees other than the Executive Committee. Governing Members are chosen by the Nominating and Govenance Committee of the Board of Trustees and voted on by the full Board of Trustees. Form 990, Part VI, Section B, Line 11B The IRS Form 990 is prepared by Societys management and reviewed and signed by the Societys tax advisor. The Form 990, excluding Schedule B-Schedule of Contributors, is also reviewed by the Audit Committee of the Board of Trustees. A copy of the entire final version of the form, excluding Schedule B, is also made available to the Board of Trustees prior to filing with the IRS. Schedule B is excluded from Audit Committee and Board of Trustee review to honor the wishes of certain large donors who wish to remain anonomous in their giving. Form 990, Part VI, Section B, Line 12C Annually, a conflict of interest form is sent out to all members of the Board of Trustess, Key Employees and any employee with purchasing authority. The form covers potential conflicts through financial interests, use of Society services, priviledged information and representation of Society interests. It also covers specific disclosures required by the IRS Form 990 and the Illinois AG990IL. Board of Trustees responses are reviewed by the Secretary of the Board and the Chief Financial Officer who together determine if a conflict exists. Employee responses are reviewed by the VP Human Resources and the Chief Financial Officer. Any conflicts are addressed to ensure that all internal procedures are followed for any transactions with that individual and that all items requiring disclosure are properly noted. Any Board members with a conflict must abstain from voting on decisions involving the transaction in question. Any transactions entered into with interested parties follow the Societys established procurement policies and are provided at rates competitive with market rates. Form 990, Part VI, Section B, Line 15A and 15B The Societys policy for approval of compensation arrangements with officers and certain senior employees requires review and approval of the compensation arrangement by the Executive Committee of the Board, excluding anyone who is related to or under the control of the person involved in the arrangement. The Committee relies on appropriate comparability data which indicates the types and levels of similar compensation and benefit packages for similar positions provided by similar organizations. The Committee documents the basis for its determination of the reasonableness of compensation. This process is done annually for the President, Sr. VP of Operatons, Chief Financial Officer and the Chief Advancement Officer any year where there is an increase in compensation. Form 990, Part VI, Section C, Line 19 Governing documents are available through applicable governmental agencies the conflict of interest policy and financial statements are available upon written request to the Society. Form 990, Part XI, Line 9 Other Changes in net assets or fund balances Changes in Post Retirement Benefits not yet recognized in operations 167,241 change in market value of swap agreements -336,758 rounding and other 842. Form 990, Part VI, Section A, Line 3 Effective February 2020, all restaurant, retail and catering operations were outsourced to a third party service provider. Form 990, Part III, Line 3 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 known now as COVID-19, the oubreak has impacted millions of individuals worldwide. In response, many countries implemented measures to combat the outbreak that have impacted global business operations. As a result of the pandemic, the Society has experienced significant reductions in earned revenue through retail services, visitor services and membership due to facility closures during 2020.