2016-11-02T10:15:07-05:00 2015-12-31 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 28th Floor Chicago IL 606015927 990 2015-01-01 363480353 Chicago Public Library Foundation % BETH ZACHARA CHIC 3122019830 20 North Michigan Ave Suite 520 Chicago IL 60602 RHONA FRAZIN PRESIDENT AND CEO 3122019830 2016-10-21 true Mark Heroux P00959793 3127298000 2015 2017-02-10 21:41:12Z Rhona Frazin 20 North Michigan Ave Ste 520 Chicago IL 60602 11164737 false X www.cplfoundation.org X 1986 IL ENRICHING RESOURCES, TECHNOLOGY AND PROGRAMS AT CHICAGO PUBLIC LIBRARY'S 79 BRANCHES. 43 42 9 40 0 4831984 7466454 0 0 737385 1110705 -234459 -227490 5334910 8349669 0 0 0 0 869173 1006143 120323 0 890674 5397536 5251194 6387032 6257337 -1052122 2092332 32661394 32937479 404458 305802 32256936 32631677 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. false false 2212984 HELP CHILDREN BUILD ACADEMIC SUCCESS AND A LOVE OF READING THROUGH SUMMER LEARNING CHALLENGE, TEEN LEARNING, EARLY LITERACY, GREAT KIDS READ, SCIENCE CONNECTIONS AND TEACHERS IN THE LIBRARY. 1616589 PROVIDE FUNDING FOR PUBLIC ACCESS TO INFORMATION RESOURCES AND TECHNOLOGY, INCLUDING CYBERNAVIGATORS, AS WELL AS INITIATIVES TO KEEP THE CHICAGO PUBLIC LIBRARY RELEVANT TO THE LIVES OF ALL CHICAGOANS. 1036393 EXPAND LIBRARY COLLECTIONS AND CREATE OPPORTUNITIES TO DISCUSS BOOKS AND IDEAS THROUGH PROGRAMS SUCH AS ONE BOOK, ONE CHICAGO. 4865966 true true false false false false true false true false true false false false true true false false false false false false false true false false false false true false false false false false false false true true false false false false false false false false true 56 0 9 true false false false false false true true false false false false X 43 42 false false false false false true false true true false false true true true true true true true false false IL X X X BETH ZACHARA 3122019830 20 N MICHIGAN AVE SUITE 520 Chicago IL 60602 Trisha Rooney Vice Chair 1.0 0.0 X X 0 0 0 John L Brennan Life Director 1.0 0.0 X 0 0 0 Marcy R Carlin Director 1.0 0.0 X 0 0 0 Michelle L Collins Vice Chair 2.0 0.0 X X 0 0 0 James R Donnelley Past Chairman 5.0 0.0 X X 0 0 0 Charlie A Schrock Director 1.0 0.0 X 0 0 0 Maureen Dwyer Smith Life Director 1.0 0.0 X 0 0 0 Linda J Stephans Director 1.0 0.0 X 0 0 0 Dia S Weil Life Director 1.0 0.0 X 0 0 0 Robert A Wislow Chairman 5.0 0.0 X X 0 0 0 Leslie S Douglass Life Director 1.0 0.0 X 0 0 0 James F Feldstein Life Director 1.0 0.0 X 0 0 0 Marshall Field Life Director 1.0 0.0 X 0 0 0 Stanley M Freehling Life Director 1.0 0.0 X 0 0 0 J Ira Harris Life Director 1.0 0.0 X 0 0 0 Frank A Rossi Life Director 1.0 0.0 X 0 0 0 Ella D Strubel Life Director 1.0 0.0 X 0 0 0 Audrey Bables Tuggle Life Director 1.0 0.0 X 0 0 0 Rhona Frazin President and CEO 40.0 0.0 X X 201880 0 33901 Thomas M Carroll Secretary 1.0 0.0 X X 0 0 0 David R Casper Vice Chair 2.0 0.0 X X 0 0 0 DAVID A DOHNALEK DIRECTOR 1.0 0.0 X 0 0 0 JOHN J GRESENS DIRECTOR 1.0 0.0 X 0 0 0 SUREN GUPTA DIRECTOR 1.0 0.0 X 0 0 0 LINDA JOHNSON RICE DIRECTOR 1.0 0.0 X 0 0 0 Kandace Heck Treasurer 1.0 0.0 X X 0 0 0 Sheila Owens Director 1.0 0.0 X 0 0 0 Jodi Block Director 1.0 0.0 X 0 0 0 Jeffrey Kunkel Director 1.0 0.0 X 0 0 0 Carlette McMullan Director 1.0 0.0 X 0 0 0 Dina Yaghmai Payvar Director 1.0 0.0 X 0 0 0 Paul H Dykstra Director 1.0 0.0 X 0 0 0 Sondra B Epstein Director 1.0 0.0 X 0 0 0 Linda Filler Director 1.0 0.0 X 0 0 0 David F Heroy Director 1.0 0.0 X 0 0 0 Leslie S Hindman Director 1.0 0.0 X 0 0 0 Donna Lapietra Director 1.0 0.0 X 0 0 0 Cheryl Mayberry McKissack Director 1.0 0.0 X 0 0 0 Stephan Platcow Director 1.0 0.0 X 0 0 0 Cindy Pritzker Chairman Emeritus 1.0 0.0 X X 0 0 0 John Rau Director 1.0 0.0 X 0 0 0 A Kelly Ryan Director 1.0 0.0 X 0 0 0 Bruce Sagan Secretary 2.0 0.0 X X 0 0 0 Rodd Schreiber Director 1.0 0.0 X 0 0 0 Wendy Berger Director 1.0 0.0 X 0 0 0 Michael Fassnacht Director 1.0 0.0 X 0 0 0 Graham C Grady Director 1.0 0.0 X 0 0 0 Jacqueline Griesdorn Director 1.0 0.0 X 0 0 0 Christine Holmes Director 1.0 0.0 X 0 0 0 Jose Martinez Director 1.0 0.0 X 0 0 0 Kevin J Rochford Director 1.0 0.0 X 0 0 0 Mary Lee Schneider Director 1.0 0.0 X 0 0 0 Marcus Wedner Director 1.0 0.0 X 0 0 0 201880 0 33901 1 false true false 0 1222358 6244096 7466454 0 536638 536638 0 0 0 0 0 3059186 2485119 574067 574067 574067 91000 1222358 329949 -238949 -238949 0 0 MISCELLANEOUS INCOME 900099 11459 11459 11459 8349669 883215 0 0 0 0 246060 123030 123030 0 592001 196275 395726 59200 19627 39573 65622 24349 41273 43260 14693 28567 0 2027 2027 41906 41906 0 0 0 1541710 1492430 21270 28010 280322 194394 85928 7057 2998 4059 115335 69750 17567 28018 0 140231 89906 20046 30279 143127 96464 4961 41702 0 12138 4506 3339 4293 0 0 0 10806 3912 6894 CYBERNAVIGATORS 1598322 1598322 0 0 PRINTING & DESIGN 87724 87425 0 299 TEACHERS IN THE LIBRARY 661621 661621 0 0 BOOKS/SUBSCRIPTIONS/PUBLICATIO 149949 148669 0 1280 458919 422479 4697 31743 6257337 4865966 500697 890674 324346 199164 52647 406175 1765879 3245992 0 16960 0 0 0 0 0 0 0 0 300759 223382 50148 50148 0 18974709 19061932 11240869 9780473 0 0 0 0 2185 3401 32661394 32937479 404458 305802 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 404458 305802 X 17096147 14723405 6518907 9266390 8641882 8641882 32256936 32631677 32661394 32937479 2092332 -1690670 -26921 X false true X true false X 3951641 3474806 6667455 4822884 7466454 26383240 0 0 3951641 3474806 6667455 4822884 7466454 26383240 5138246 21244994 278346 281465 364759 503922 536638 1965130 0 81543 93014 104306 93807 102459 475129 28823499 0.73707 0.80523 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false false false 11526338 1083783 1288506 11321615 12090349 705336 1269347 11526338 12778070 522906 1210627 12090349 13682218 253447 30000 1127595 12778070 16566841 8 -1714802 1169829 13682218 0.08600 0.91400 false false 50148 50148 HEDGED EQUITY FUND 9780473 F 9780473 0 0 X 7186326 -1690670 554248 -1136422 8322748 26921 26921 8349669 6784664 554248 554248 6230416 26921 26921 6257337 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. Schedule D, 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, 2015 and 2014. The Foundation's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2012 and thereafter are open to examination by federal and state authorities. Schedule D, Part XI, Line 2b and Part XII, Line 2a: In its 2015 audited financial statement the Chicago Public Library Foundation reported gifts in kind, which were otherwise noted in the Chicago Public Librarys records. A user of the foundation's financial statements reviews the total assets and/or net assets to assess the viability of the Foundation. Subsequently, additional information was identified, resulting in a revised method of presentation of a gift in the Foundations tax return. A gift in kind is being reallocated to the Chicago Public Library. The Foundation auditors have found this reallocation to be immaterial. CSLA Dinner 1313358 1222358 91000 13500 109178 207271 0 1313358 1222358 91000 13500 109178 207271 329949 -238949 X true true X false false false false false false false false false Rhona Frazin President and CEO 201880 0 0 0 0 0 20188 13713 235781 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 31922 Rent & maintenance work orders false US Equities Asset Management LLC % owned by Robert Wislow 14412 CPL-YOUMedia security services false false false false 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 and 15b: 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 XI, Line 6: In its 2015 audited financial statement the Chicago Public Library Foundation reported gifts in kind, which were otherwise noted in the Chicago Public Librarys records. A user of the foundation's financial statements reviews the total assets and/or net assets to assess the viability of the Foundation. Subsequently, additional information was identified, resulting in a revised method of presentation of a gift in the Foundations tax return. A gift in kind is being reallocated to the Chicago Public Library. The Foundation auditors have found this reallocation to be immaterial. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER SERVICES TOTAL FEES:1541710