2017-08-28T13:32:55-05:00 2016-12-31 390859910 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 2800 Chicago IL 606015927 990 2016-01-01 363480353 Chicago Public Library Foundation CHIC 3122019830 20 North Michigan Ave No 520 Chicago IL 60602 RHONA FRAZIN PRESIDENT AND CEO 3122019830 2017-08-17 1 Mark Heroux P00959793 3127298000 2017-08-17 38.88.202.179 2017-08-17 14:49:35 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BC09F685FDE84DB8310813647ED41DA63C0BAAFA 2016 2021-01-29 14:40:06Z Rhona Frazin 20 North Michigan Ave Ste 520 Chicago IL 60602 5541171 0 X www.cplfoundation.org X 1986 IL ENRICHING RESOURCES, TECHNOLOGY AND PROGRAMS AT CHICAGO PUBLIC LIBRARY'S 79 BRANCHES. 38 37 9 55 0 0 7466454 4906768 0 0 1110705 538374 -227490 -197897 8349669 5247245 0 0 0 0 1006143 991798 0 0 977014 5251194 6365617 6257337 7357415 2092332 -2110170 32937479 31549737 305802 357987 32631677 31191750 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 2920869 HELP CHILDREN BUILD ACADEMIC SUCCESS AND A LOVE OF READING THROUGHSUMMER LEARNING CHALLENGE, TEEN LEARNING, EARLY LITERACY, GREATKIDS READ, SCIENCE CONNECTIONS AND TEACHERS IN THE LIBRARY. 1879642 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. 962915 EXPAND LIBRARY COLLECTIONS AND CREATE OPPORTUNITIES TO DISCUSSBOOKS AND IDEAS THROUGH PROGRAMS SUCH AS ONE BOOK, ONE CHICAGO. 5763426 1 1 0 0 0 0 0 1 0 1 1 1 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 71 0 9 1 0 0 0 0 0 1 1 0 0 0 0 X 38 37 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 WENDY BERGER DIRECTOR 1.00 X 0 0 0 JODI BLOCK DIRECTOR 1.00 X 0 0 0 MARCY R CARLIN DIRECTOR 1.00 X 0 0 0 THOMAS M CARROLL SECRETARY 1.00 X X 0 0 0 DAVID R CASPER VICE CHAIR 2.00 X X 0 0 0 ESTHER CHOY DIRECTOR 1.00 X 0 0 0 MICHELLE L COLLINS VICE CHAIR 2.00 X X 0 0 0 ROCCO DEGRASSE DIRECTOR 1.00 X 0 0 0 MONIQUE DEMERY DIRECTOR 1.00 X 0 0 0 DAVID A DOHNALEK DIRECTOR 1.00 X 0 0 0 JAMES R DONNELLEY PAST CHAIRMAN 5.00 X X 0 0 0 DEIRDRE DRAKE DIRECTOR 1.00 X 0 0 0 PAUL H DYKSTRA DIRECTOR 1.00 X 0 0 0 MICHAEL FASSNACHT DIRECTOR 1.00 X 0 0 0 LINDA FILLER DIRECTOR 1.00 X 0 0 0 RHONA FRAZIN PRESIDENT AND CEO 40.00 X X 207936 0 35593 GRAHAM C GRADY DIRECTOR 1.00 X 0 0 0 JOHN J GRESENS DIRECTOR 1.00 X 0 0 0 JACQUELINE GRIESDORN DIRECTOR 1.00 X 0 0 0 SUREN GUPTA DIRECTOR 1.00 X 0 0 0 KANDACE HECK TREASURER 1.00 X X 0 0 0 DAVID F HEROY DIRECTOR 1.00 X 0 0 0 LESLIE S HINDMAN DIRECTOR 1.00 X 0 0 0 CHRISTINE HOLMES DIRECTOR 1.00 X 0 0 0 DAVID KENZER DIRECTOR 1.00 X 0 0 0 DONNA LAPIETRA DIRECTOR 1.00 X 0 0 0 JOSE MARTINEZ DIRECTOR 1.00 X 0 0 0 CHERYL MAYBERRY MCKISSACK DIRECTOR 1.00 X 0 0 0 CARLETTE MCMULLAN DIRECTOR 1.00 X 0 0 0 SHEILA OWENS DIRECTOR 1.00 X 0 0 0 CINDY PRITZKER CHAIRMAN EMERITUS 1.00 X X 0 0 0 LINDA JOHNSON RICE DIRECTOR 1.00 X 0 0 0 KEVIN J ROCHFORD DIRECTOR 1.00 X 0 0 0 TRISHA ROONEY VICE CHAIR 1.00 X X 0 0 0 A KELLY RYAN DIRECTOR 1.00 X 0 0 0 BRUCE SAGAN SECRETARY 1.00 X X 0 0 0 MARY LEE SCHNEIDER DIRECTOR 1.00 X 0 0 0 RODD SCHREIBER DIRECTOR 1.00 X 0 0 0 LINDA J STEPHANS DIRECTOR 1.00 X 0 0 0 MARCUS WEDNER DIRECTOR 1.00 X 0 0 0 ROBERT A WISLOW CHAIRMAN 5.00 X X 0 0 0 DINA YAGHMAI PAYVAR DIRECTOR 1.00 X 0 0 0 JOHN L BRENNAN LIFE DIRECTOR 1.00 X 0 0 0 LESLIE S DOUGLASS LIFE DIRECTOR 1.00 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 STANLEY M FREEHLING LIFE DIRECTOR 1.00 X 0 0 0 J IRA HARRIS LIFE DIRECTOR 1.00 X 0 0 0 JAMES LAWRY LIFE DIRECTOR 1.00 X 0 0 0 JOHN RAU LIFE DIRECTOR 1.00 X 0 0 0 FRANK A ROSSI LIFE 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 ELLA D STRUBEL LIFE DIRECTOR 1.00 X 0 0 0 AUDREY BABLES TUGGLE LIFE DIRECTOR 1.00 X 0 0 0 DIA S WEIL LIFE DIRECTOR 1.00 X 0 0 0 207936 0 35593 1 0 1 0 0 1459082 3447686 4906768 538374 538374 84500 1459082 293926 -209426 -209426 MISCELLANEOUS INCOME 900099 11529 11529 11529 5247245 0 0 340477 253892 126946 126946 572121 197086 375035 57213 19713 37500 67238 25084 42154 41334 14000 27334 25452 25452 43299 43299 1390604 1229480 103583 57541 389488 242972 146516 13574 4525 9049 136873 101229 10340 25304 232295 181970 18721 31604 169862 131577 19274 19011 10978 9605 37 1336 10541 4162 6379 CYBERNAVIGATORS 1913861 1913861 TEACHERS IN THE LIBRARY 743455 743455 Other Expenses 642434 616389 26045 HONORARIA 283555 283555 359346 309333 4753 45260 7357415 5763426 616975 977014 199164 285099 406175 328460 3245992 978683 16960 0 223382 52410 50148 50148 0 0 19061932 21011196 9780473 8886992 3401 6897 32937479 31549737 305802 357987 305802 357987 X 14723405 14433392 9266390 8116476 8641882 8641882 32631677 31191750 32937479 31549737 -2110170 688096 -17853 0 X X 0 1 X 1 0 X 3474806 6667455 4822884 7466454 4931768 27363367 3474806 6667455 4822884 7466454 4931768 27363367 5400807 21962560 281465 364759 503922 536638 538374 2225158 93014 104306 93807 102459 71029 464615 30053140 0.73080 0.73710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 0 11321615 1208617 1317812 11212420 11526338 1083783 1288506 11321615 12090349 705336 1269347 11526338 12778070 522906 1210627 12090349 13682218 253447 30000 1127595 12778070 0.09000 0.91000 0 0 50148 50148 0 0 HEDGED EQUITY FUND 8886992 F 8886992 X 6291226 688096 373738 1061834 5229392 17853 17853 5247245 7731153 373738 373738 7357415 0 7357415 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, 2016 and 2015. 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 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 1543582 1459082 84500 2500 113982 177444 1543582 1459082 84500 2500 113982 177444 293926 -209426 X 1 1 X 0 0 0 0 0 0 0 0 0 RHONA FRAZIN PRESIDENT AND CEO 207936 0 0 0 0 0 20794 0 14799 0 243529 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 37036 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.