2018-11-06T11:40:16-06:00 2017-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2017-01-01 363480353 CHICAGO PUBLIC LIBRARY FOUNDATION CHIC 3122019830 20 NORTH MICHIGAN AVE NO 520 CHICAGO IL 60602 ROBERT WISLOW CHAIRMAN, BOARD OF DIRECTORS 3122019830 2018-11-02 1 MARK HEROUX P00959793 3127298000 2018-11-02 38.88.202.179 2018-11-02 13:01:40 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0882A3BD3791635C134A938B8FF3C2B174769BAB 2017 2019-02-21 02:37:17Z ROBERT WISLOW 20 NORTH MICHIGAN AVE STE 520 CHICAGO IL 60602 18701203 0 X WWW.CPLFOUNDATION.ORG X 1986 IL ENRICHING RESOURCES, TECHNOLOGY AND PROGRAMS AT CHICAGO PUBLIC LIBRARY'S 79 BRANCHES. 49 48 10 66 0 0 4906768 5830661 0 0 538374 2078384 -197897 -277854 5247245 7631191 0 0 0 0 991798 1089615 0 0 1028195 6365617 7502292 7357415 8591907 -2110170 -960716 31549737 32622875 357987 281208 31191750 32341667 SUPPORTS COLLECTION DEVELOPMENT, PROGRAMS AND TECHNOLOGY INITIATIVES THAT CONNECT LIBRARY USERS TO THEIR COMMUNITY AND TO THE WORLD AND ENSURES THAT ALL CHICAGOANS HAVE THE FREEDOM TO READ, TO LEARN AND TO DISCOVER AT THE CHICAGO PUBLIC LIBRARY. 0 0 4655820 HELP CHILDREN BUILD ACADEMIC SUCCESS AND A LOVE OF READING THROUGHSUMMER LEARNING CHALLENGE, TEEN LEARNING, EARLY LITERACY, SCIENCE CONNECTIONS AND TEACHERS IN THE LIBRARY. 1496355 PROVIDE FUNDING FOR PUBLIC ACCESS TO INFORMATION RESOURCES ANDTECHNOLOGY, INCLUDING CYBERNAVIGATORS, AS WELL AS INITIATIVES TOKEEP THE CHICAGO PUBLIC LIBRARY RELEVANT TO THE LIVES OF ALLCHICAGOANS. 854425 EXPAND LIBRARY COLLECTIONS AND CREATE OPPORTUNITIES TO DISCUSSBOOKS AND IDEAS THROUGH PROGRAMS SUCH AS ONE BOOK, ONE CHICAGO. 7006600 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 63 0 10 1 0 0 0 0 0 1 1 0 0 0 0 X 49 48 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 ZACHARA 3122019830 20 N MICHIGAN AVE SUITE 520 CHICAGO IL 60602 TRISHA ROONEY VICE CHAIR 1.00 X X 0 0 0 JOHN L BRENNAN 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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 RHONA FRAZIN PRESIDENT AND CEO 40.00 X X 216320 0 37217 THOMAS M CARROLL SECRETARY 1.00 X X 0 0 0 DAVID R CASPER VICE CHAIR 2.00 X X 0 0 0 DAVID A DOHNALEK DIRECTOR 1.00 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 DINA YAGHMAI PAYVAR 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 CHRISTINE HOLMES DIRECTOR 1.00 X X 0 0 0 JOSE MARTINEZ TREASURER 1.00 X 0 0 0 MARY LEE SCHNEIDER DIRECTOR 1.00 X 0 0 0 MARCUS WEDNER DIRECTOR 1.00 X 0 0 0 JAMES LAWRY LIFE DIRECTOR 1.00 X 0 0 0 DAVID KENZER 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 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 SHOBI KHAN DIRECTOR 1.00 X 0 0 0 ROGER LIEW DIRECTOR 1.00 X 0 0 0 MICHELLE RINDT 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 216320 0 37217 1 0 1 0 0 1895465 3935196 5830661 710159 710159 12042299 10674074 1368225 1368225 1368225 108290 1895465 395938 -287648 -287648 MISCELLANEOUS INCOME 900099 9794 9794 9794 7631191 0 0 1800530 264560 132280 132280 642483 204175 438308 64149 20207 43942 73575 28625 44950 44848 13620 31228 5551 5551 42145 42145 2814097 2698632 41781 73684 170488 77355 93133 15042 3764 11278 273584 222588 19135 31861 167552 116815 18660 32077 175896 138991 17901 19004 10095 7553 25 2517 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8856155 264248 264248 8591907 0 8591907 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, 2017 AND 2016. 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 1 CSLA DINNER 2003755 1895465 108290 12500 130671 252767 2003755 1895465 108290 12500 130671 252767 395938 -287648 X 1 1 X 0 0 0 0 0 0 0 0 0 RHONA FRAZIN PRESIDENT AND CEO 216320 0 0 0 0 0 21632 0 15585 0 253537 0 0 0 SCHEDULE J, PART I, LINE 1B: AS OF JANUARY 1, 2011, THE BOARD APPROVED A CHANGE IN THE TERMS OF RHONA FRAZIN'S [FOUNDATION PRESIDENT & CEO], UNIVERSITY 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. RHONA WILL CONTINUE TO PAY ALL NON-BUSINESS RELATED FOOD AND OTHER CHARGES. 12 N VENTURE LLC OWNED BY ROBERT WISLOW 37249 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 FOUNDATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.