2016-11-14T17:56:25-06:00 2016-06-30 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2015-07-01 362167814 THE NEWBERRY LIBRARY NEWB 3129439090 60 WEST WALTON STREET CHICAGO IL 60610 JAMES P BURKE JR VP FOR FINANCE/ADMINISTRATION 3129439090 2016-11-10 1 Kimberly A Haumann P00546491 3122071040 2016-11-09 2015 2017-02-10 21:41:12Z THE NEWBERRY DAVID SPADAFORA 60 WEST WALTON STREET CHICAGO IL 60610 18161649 0 X WWW.NEWBERRY.ORG X 1892 IL THE NEWBERRY LIBRARY IS AN INDEPENDENT RESEARCH LIBRARY DEDICATED TO THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE, ESPECIALLY IN THE HUMANITIES. THE NEWBERRY LIBRARY ACQUIRES AND PRESERVES A BROAD ARRAY OF SPECIAL COLLECTIONS RESEARCH MATERIALS RELATING TO EUROPE AND THE AMERICAS. 37 37 142 236 0 0 5549938 4948400 1530237 1373148 1669928 1369570 3989582 211198 12739685 7902316 676992 931415 0 0 5390903 5671207 0 0 785438 4613556 4041471 10681451 10644093 2058234 -2741777 84860034 78241236 5571256 4961255 79288778 73279981 X THE NEWBERRY LIBRARY, OPEN TO THE PUBLIC WITHOUT CHARGE, IS AN INDEPENDENT RESEARCH LIBRARY DEDICATED TO THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE, ESPECIALLY IN THE HUMANITIES. THE NEWBERRY LIBRARY ACQUIRES AND PRESERVES A BROAD ARRAY OF SPECIAL COLLECTIONS RESEARCH MATERIALS RELATING TO THE CIVILIZATIONS OF EUROPE AND THE AMERICAS. IT PROMOTES AND PROVIDES FOR THEIR EFFECTIVE USE, FOSTERING RESEARCH, TEACHING, PUBLICATION, AND LIFE-LONG LEARNING, AS WELL AS CIVIC ENGAGEMENT. IN SERVICE TO ITS DIVERSE COMMUNITY, THE NEWBERRY LIBRARY ENCOURAGES INTELLECTUAL PURSUIT IN AN ATMOSPHERE OF FREE INQUIRY AND SUSTAINS THE HIGHEST STANDARDS OF COLLECTION PRESERVATION, BIBLIOGRAPHIC ACCESS AND READER SERVICES. 0 0 7197943 931415 1377902 THE NEWBERRY LIBRARY IS AN INDEPENDENT RESEARCH LIBRARY DEDICATED TO THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE, ESPECIALLY IN THE HUMANITIES. AS SUCH, IT PROVIDES MATERIALS TO THE PUBLIC AS WELL AS FELLOWSHIPS FOR RESEARCH, TEACHER PROGRAMS, EXHIBITIONS AND ADULT SEMINARS.LIBRARY SERVICES AND COLLECTION DEVELOPMENT STATISTICS:TOTAL BIBLIOGRAPHIC RECORDS IN ONLINE CATALOG: 945,935TITLES CATALOGED: 8,178LINEAR FEET OF MANUSCRIPTS PROCESSED: 389VOLUMES ADDED TO COLLECTION: 8,679CONSERVATIONS TREATMENTS OF BOOK, MANUSCRIPTS, AND MAPS: 4,082READER SIGN-IN: 15,478TOTAL MATERIALS PAGED FOR READER USE: 31,993REFERENCE INQUIRIES SERVED: 11,824INSTRUCTIONAL SESSIONS OFFERED: 260 SESSIONS, SERVING 3,706 PATRONSRESEARCH AND EDUCATION DIVISION STATISTICS:FELLOWSHIPS FOR RESEARCHLONG-TERM: 14SHORT-TERM: 47TEACHER PROGRAMSTEACHER PARTICIPANTS: 789EXHIBITIONSGALLERY ATTENDANCE: 10,048ADULT SEMINAR PROGRAMSEMINAR COURSES: 159PARTICIPANTS: 1,916 7197943 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 205 0 1 142 1 0 0 0 0 0 1 1 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL ME MI NJ NY OH PA WI UT X JAMES P BURKE JR 3122553567 60 WEST WALTON STREET CHICAGO IL 60610 Victoria J Herget CHAIR 1.00 X X 0 0 0 David C Hilliard VICE CHAIR 1.00 X X 0 0 0 David E McNeel TREASURER 1.00 X X 0 0 0 Mark Hausberg SECRETARY 1.00 X X 0 0 0 Joan Brodsky TRUSTEE 1.00 X 0 0 0 T Kimball Brooker TRUSTEE 1.00 X 0 0 0 Frank Cicero Jr TRUSTEE 1.00 X 0 0 0 Andrew J Fitzgerald TRUSTEE 1.00 X 0 0 0 Louise R Glasser TRUSTEE 1.00 X 0 0 0 Madeleine Condit Glossberg TRUSTEE 1.00 X 0 0 0 Hanna H Gray TRUSTEE 1.00 X 0 0 0 Sue Gray TRUSTEE 1.00 X 0 0 0 Robert Holland TRUSTEE 1.00 X 0 0 0 Robert H Jackson TRUSTEE 1.00 X 0 0 0 Kathryn Gibbons Johnson TRUSTEE 1.00 X 0 0 0 Jay Krehbiel TRUSTEE 1.00 X 0 0 0 Lawrence Lipking TRUSTEE 1.00 X 0 0 0 Barry L MacLean TRUSTEE 1.00 X 0 0 0 James H Marrow TRUSTEE 1.00 X 0 0 0 Andrew McNally IV TRUSTEE 1.00 X 0 0 0 Cynthia E Mitchell TRUSTEE 1.00 X 0 0 0 Janis W Notz TRUSTEE 1.00 X 0 0 0 Gail Kern Paster TRUSTEE 1.00 X 0 0 0 Jean Perkins TRUSTEE 1.00 X 0 0 0 Michael Pope TRUSTEE 1.00 X 0 0 0 John P Rompon TRUSTEE 1.00 X 0 0 0 Burton X Rosenberg TRUSTEE 1.00 X 0 0 0 Martha T Roth TRUSTEE 1.00 X 0 0 0 Rudy L Ruggles Jr TRUSTEE 1.00 X 0 0 0 Paul T Ruxin TRUSTEE 1.00 X 0 0 0 Karla Scherer TRUSTEE 1.00 X 0 0 0 Thomas C Sheffield Jr TRUSTEE 1.00 X 0 0 0 David B Smith Jr TRUSTEE 1.00 X 0 0 0 Harold B Smith TRUSTEE 1.00 X 0 0 0 Michael Thompson TRUSTEE 1.00 X 0 0 0 Carol Warshawsky TRUSTEE 1.00 X 0 0 0 Robert Wedgeworth Jr TRUSTEE 1.00 X 0 0 0 Peter S Willmott TRUSTEE 1.00 X 0 0 0 DAVID C SPADAFORA PRESIDENT 35.00 X 272108 0 34616 JAMES P BURKE JR VP - FINANCE & ADMINISTRATION 35.00 X 180311 0 27667 SARAH ALGER DIRECTOR OF DEVELOPMENT 35.00 X 101645 0 29739 554064 0 92022 2 0 1 0 Securitas Security Services 12672 Collections Ctr Dr CHICAGO IL 60693 sECURITY 163420 ABM Janitorial Services 75 Remittance Dr CHICAGO IL 60675 JANITORIAL 146797 2 514761 39108 161809 4232722 21091 4948400 Facility Rental 532000 436080 436080 Services to the Public 900099 387735 387735 Registrations 900099 336071 336071 Book Royalties 511130 134947 134947 Subscriptions 900099 75215 75215 3100 3100 1373148 1454414 1454414 10039052 10123896 -84844 -84844 -84844 321168 39108 135437 185731 185731 Interest on Employee Loan 900099 13393 13393 Parking Fees 812930 7320 7320 Miscellaneous Income 900099 4754 4754 25467 7902316 1377902 0 1576014 861388 861388 70027 70027 514703 514703 4117572 2726614 960966 429992 197261 117368 57510 22383 527727 340469 128394 58864 313944 195441 88350 30153 6605 6605 64386 64386 150500 87959 62541 300821 156195 78430 66196 81212 73020 8092 100 329794 203509 79321 46964 91197 77281 13916 851373 647043 171126 33204 147728 135758 10430 1540 2394 2295 99 25453 25453 933082 709143 187549 36390 13583 13583 Book Collections 633961 632623 1338 Supplies/Minor Equipmen 377106 140898 178070 58138 Other HR Expenses 32276 20912 9850 1514 10644093 7197943 2660712 785438 554504 298200 418863 954146 10689 9910 415691 402494 73195 68809 78092 142122 34918962 26598304 9009685 8320658 69415690 63285808 4883625 4759089 84860034 78241236 987583 875902 3400000 3200000 1183673 885353 5571256 4961255 X 8814493 26668605 19274716 19602314 51199569 27009062 79288778 73279981 84860034 78241236 X -2741777 -3112650 -154370 X 0 1 X 1 0 X 5498181 9732624 4899989 5549938 4948400 30629132 5498181 9732624 4899989 5549938 4948400 30629132 30629132 2179519 1701791 1879293 1669928 1454414 8884945 60374 29022 89396 39603473 8351611 0.77340 0.67220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 53617676 2000 -2172067 1000065 50447544 61597000 415000 -240000 2204000 59568000 54443000 345000 9499000 2690000 61597000 49337000 1739000 5419000 2052000 54443000 53214000 351000 -495000 3733000 49337000 0.40060 0.53540 0.06400 0 0 24653134 20073884 4579250 10265828 6524420 3741408 8320658 MSCI ACWI EX USA INDEX NL QP CTF 19238366 F US AGGREGATE BOND INDEX NL QP CF 6748279 F US TOTAL MARKET INDEX NON-LENDING QP CTF 19025999 F Primus High Yield Bond Fund, LP 2877352 F Black Rock 157224 F JP Morgan Multi-Strategy Fund II, LTD 4952000 F MacKay Shields Core Plus Opportunities 8178357 F PIMCO Commodity Alpha Fund 2108231 F 63285808 Bequests Receivable 4689104 Bond Issuance Costs 69985 4759089 Northern Trust Term Note 560000 Accrued Gift Annuity 325353 885353 X 4770732 -3112651 -18933 -3131584 7902316 0 7902316 10779530 135437 135437 10644093 0 10644093 Part III, Line 1a: THE VALUE OF THE NEWBERRY LIBRARY'S COLLECTION IS EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. AN ADDITION TO THE NEWBERRY LIBRARY'S COLLECTION IS MADE EITHER BY A DONATION FROM A BENEFACTOR OR THROUGH A PURCHASE FROM LIBRARY ACQUISITION FUNDS. THE NEWBERRY LIBRARY ACQUISITION FUNDS MAY BE CLASSIFIED AS PERMANENTLY RESTRICTED, FOR WHICH ONLY THE INCOME EARNED ON PRINCIPAL BALANCES MAY BE USED FOR ACQUISITIONS; TEMPORARILY RESTRICTED, FOR WHICH BOTH THE PRINCIPAL AND EARNED INCOME MAY BE USED FOR ACQUISITIONS; OR UNRESTRICTED, REPRESENTING FUNDS DESIGNATED BY THE BOARD TO BE USED FOR ACQUISITIONS. THE SALE OF HOLDINGS FROM THE NEWBERRY LIBRARY'S COLLECTION IS PERFORMED IN ACCORDANCE WITH THE NEWBERRY LIBRARY POLICY. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE CLASSIFIED AS UNRESTRICTED OR TEMPORARILY RESTRICTED FOR PURCHASE OF ADDITIONAL COLLECTION ITEMS. THE NEWBERRY LIBRARY'S COLLECTION IS PROTECTED, CARED FOR, AND PRESERVED; AND IS SUBJECT TO STRICT POLICIES GOVERNING ITS USE. THE VALUE OF THE NEWBERRY LIBRARY'S COLLECTION IS NOT SUBJECT TO REASONABLE ESTIMATION. Part III, Line 4: OUR COLLECTIONS INCLUDE 1.6 MILLION BOOKS, 5 MILLION MANUSCRIPT PAGES AND 0.6 MILLION HISTORIC MAPS. THESE NON-CIRCULATING COLLECTIONS ARE FREE AND OPEN TO THE PUBLIC FOR USE IN SCHOLARLY RESEARCH AND SPAN THE HISTORY AND CULTURE OF WESTERN EUROPE AND THE AMERICAS (MIDDLE AGES - WWII). COLLECTIONS SPECIALIZE IN CARTOGRAPHY, AMERICAN INDIANS, CHICAGO, EUROPE, LITERATURE, PRINTING AND GENEALOGY. Part V, Line 4: THERE ARE ENDOWMENTS THAT SUPPORT THE PURCHASE OF LIBRARY MATERIALS, SUPPORT FOR CERTAIN DIVISIONS OF THE LIBRARY AND SUPPORT FOR UNRESTRICTED PURPOSES. Part X, Line 2: THE LIBRARY IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE LIBRARY AND RECOGNIZE A TAX LIABILITY IF THE LIBRARY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE LIBRARY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. Part XI, Line 2d - Other Adjustments: FUNDRAISING EXPENSES 135,437. DEFERRED GIVING ARRANGEMENT -154,370. Part XII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES 135,437. 0 North America 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION FELLOWSHIPS FOR RESEARCH 26877 Europe (Including Iceland & Greenland) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION FELLOWSHIPS FOR RESEARCH 37650 Central America and the Caribbean 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION FELLOWSHIPS FOR RESEARCH 3000 Middle East and North Africa 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION FELLOWSHIPS FOR RESEARCH 2500 0 0 0 0 0 0 70027 0 70027 Fellowships/Honorariums North America 12 26877 Check Fellowships/Honorariums Europe (Including Iceland & Greenland) 11 37650 check Fellowship Central America and the Caribbean 1 3000 check Fellowship Middle East and North Africa 1 2500 check 0 0 0 0 0 0 Part I, line 3: EACH GRANT HAS A BUDGET AND A PROGRAM PLAN. THE VICE PRESIDENT FOR FINANCE/ADMINISTRATION AND THE CONTROLLER MONITOR THE BUDGET ON A MONTHLY BASIS. PART III, COLUMN (A): REGION: NORTH AMERICA (A) TYPE OF GRANT OR ASSISTANCE: STIPENDS - FELLOWSHIP STIPENDS FROM THE NEWBERRY LIBRARY ARE INTENDED TO BE SPENT AS THE RECIPIENTS DEEM NECESSARY. GENERALLY, THEY ARE USED BY FELLOWS TO SUPPORT HOUSING, FOOD AND OTHER COSTS ASSOCIATED WITH A PERIOD OF RESEARCH AT THE LIBRARY. REGION: EUROPE (A) TYPE OF GRANT OR ASSISTANCE: STIPENDS - FELLOWSHIP STIPENDS FROM THE NEWBERRY LIBRARY ARE INTENDED TO BE SPENT AS THE RECIPIENTS DEEM NECESSARY. GENERALLY, THEY ARE USED BY FELLOWS TO SUPPORT HOUSING, FOOD AND OTHER COSTS ASSOCIATED WITH A PERIOD OF RESEARCH AT THE LIBRARY. REGION: CENTRAL AMERICA AND THE CARRIBEAN (A) TYPE OF GRANT OR ASSISTANCE: STIPENDS - FELLOWSHIP STIPENDS FROM THE NEWBERRY LIBRARY ARE INTENDED TO BE SPENT AS THE RECIPIENTS DEEM NECESSARY. GENERALLY, THEY ARE USED BY FELLOWS TO SUPPORT HOUSING, FOOD AND OTHER COSTS ASSOCIATED WITH A PERIOD OF RESEARCH AT THE LIBRARY. REGION: MIDDLE EAST (A) TYPE OF GRANT OR ASSISTANCE: STIPENDS - FELLOWSHIP STIPENDS FROM THE NEWBERRY LIBRARY ARE INTENDED TO BE SPENT AS THE RECIPIENTS DEEM NECESSARY. GENERALLY, THEY ARE USED BY FELLOWS TO SUPPORT HOUSING, FOOD AND OTHER COSTS ASSOCIATED WITH A PERIOD OF RESEARCH AT THE LIBRARY. BOOK FAIR 166347 5158 161189 6723 79373 AWARD DINNER 193929 33950 159979 49341 360276 39108 321168 6723 128714 135437 185731 1 Honorariums/Fellowships 174 861388 Part I, Line 2: EACH GRANT HAS A BUDGET AND A PROGRAM PLAN. THE VICE PRESIDENT FOR FINANCE/ADMINISTRATION AND THE CONTROLLER MONITOR THE BUDGET ON A MONTHLY BASIS. PART III, COLUMN (A): (A) TYPE OF GRANT OR ASSISTANCE: STIPENDS - FELLOWSHIP STIPENDS FROM THE NEWBERRY LIBRARY ARE INTENDED TO BE SPENT AS THE RECIPIENTS DEEM NECESSARY. GENERALLY THEY ARE USED BY FELLOWS TO SUPPORT HOUSING, FOOD AND OTHER COSTS ASSOCIATED WITH A PERIOD OF RESEARCH AT THE LIBRARY. X X X 0 1 0 0 0 0 0 0 0 DAVID C SPADAFORA PRESIDENT 272108 0 0 0 0 0 7235 0 27381 0 306724 0 0 0 JAMES P BURKE JR VP - FINANCE & ADMINISTRATION 180311 0 0 0 0 0 6479 0 21188 0 207978 0 0 0 Part I, Line 4b DAVID SPADAFORA PARTICIPATED IN A 457(B) PLAN AND RECEIVED A $600.12 CONTRIBUTION FROM THE NEWBERRY LIBRARY. david spadafora president mortgage X 500000 402494 0 1 1 402494 X 1 0 1 0 1 0 Part I, Column (b): the number of contributions column represents the number of contributions received. Part I, Line 33: THE NEWBERRY LIBRARY DOES NOT REPORT CONTRIBUTIONS OF COLLECTIBLES. Form 990, Part VI, Section B, line 11 THE FINANCE COMMITTEE OF THE BOARD REVIEWS AND APPROVES FORM 990. A COMPLETE COPY OF THE FORM 990 IS SENT TO THE ENTIRE BOARD BEFORE FILING. Form 990, Part VI, Section B, line 12c MEMBERS OF THE BOARD OF TRUSTEES AND ANY OF ITS COMMITTEES AND MEMBERS OF THE STAFF OF THE NEWBERRY LIBRARY SHALL DISCLOSE ANY CONFLICT OF INTEREST ON AN ANNUAL BASIS BY COMPLETING AND SUBMITTING THE NEWBERRY LIBRARY CONFLICT OF INTEREST DISCLOSURE FORM. THERE IS A FOLLOW-UP TO ENSURE RECEIPT OF THE FORMS FROM ALL THE AFOREMENTIONED INDIVIDUALS. Form 990, Part VI, Section B, line 15a THE BY-LAWS OF THE NEWBERRY LIBRARY PROVIDE (IN SECTION 3 OF ARTICLE V) THAT THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES "SHALL AT LEAST ANNUALLY REVIEW THE COMPENSATION OF THE PRESIDENT AND THE LIBRARIAN." WITH RESPECT TO THE NEWBERRY LIBRARY'S ACCOUNTING YEAR WHICH ENDED JUNE 30, 2016, THE EXECUTIVE COMMITTEE, ACTING IN EXECUTIVE SESSION, SET THE COMPENSATION OF THE PRESIDENT AND THE LIBRARIAN. IN SETTING THAT COMPENSATION THE EXECUTIVE COMMITTEE CONSIDERED THE PERFORMANCE OF THE PRESIDENT AND LIBRARIAN TO THAT TIME AS WELL AS COMPARATIVE INFORMATION AVAILABLE TO IT OF THE COMPENSATION OF CHIEF EXECUTIVE OFFICERS OF PEER INSTITUTIONS AND OTHER NON-PROFIT ORGANIZATIONS IN THE CHICAGO AREA. THE EXECUTIVE COMMITTEE IS AWARE OF THE REQUIREMENTS WITH RESPECT TO THE REVIEW OF EXECUTIVE COMPENSATION WHICH ARE SET OUT IN THE INSTRUCTIONS TO INTERNAL REVENUE SERVICE FORM 990 AND BELIEVES IT HAS FULFILLED SUCH REQUIREMENTS WITH RESPECT TO THE NEWBERRY LIBRARY'S YEAR ENDED JUNE 30, 2016. THE EXECUTIVE COMMITTEE HAS DESIGNATED ITSELF AS THE "COMPENSATION COMMITTEE" AS THAT TERM IS USED IN SAID INSTRUCTIONS. NO INDEPENDENT COMPENSATION CONSULTANT HAS ADVISED THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section C, line 19 THE NEWBERRY LIBRARY MAKES ALL OF ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, line 9: DEFERRED GIVING ARRANGEMENTS -154,370.