2015-02-25T15:41:27-06:00 2014-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2013-07-01 366210902 THE ADLER PLANETARIUM ADLE 3129227827 1300 SOUTH LAKE SHORE DRIVE CHICAGO IL 60605 MARCIA HEUSER VP FOR FINANCE & ADMIN/CFO 3129227827 2015-02-25 1 LU ANN TRAPP P01506476 3122071040 2015-02-25 2013 2016-03-07 17:11:31Z MICHELLE B LARSON PHD 1300 SOUTH LAKE SHORE DRIVE CHICAGO IL 60605 22385046 0 X WWW.ADLERPLANETARIUM.ORG X 1930 IL THE ADLER PLANETARIUM'S MISSION IS TO INSPIRE EXPLORATION AND UNDERSTANDING OF OUR UNIVERSE. 68 66 349 425 14897 11577 8109170 9703031 5468559 5347611 578838 932830 1316707 1117790 15473274 17101262 0 0 0 0 10297324 9095573 0 0 2237825 10245428 10061256 20542752 19156829 -5069478 -2055567 63583483 63674861 34046755 34404106 29536728 29270755 X THE ADLER PLANETARIUM ('ADLER') IS A NOT-FOR-PROFIT CULTURAL INSTITUTION WHOSE MISSION IS TO INSPIRE EXPLORATION AND UNDERSTANDING OF OUR UNIVERSE. IT ASPIRES TO BE THE WORLD'S PREMIER CENTER FOR EXPERIENCING AND LEARNING SPACE SCIENCE. 0 0 15300926 5347611 THE ADLER PLANETARIUM SEEKS TO INSPIRE THE NEXT GENERATION OF EXPLORERS AND SCIENTISTS. THE ADLER'S ARRAY OF EDUCATIONAL OFFERINGS ARE DESIGNED TO EQUIP PARTICIPANTS WITH THE SKILLS AND DESIRE TO LEARN MORE ABOUT OUR UNIVERSE. ONSITE ATTENDANCE TOTALED OVER 450,000 VISITORS DURING THE YEAR, INCLUDING APPROXIMATELY 60,000 STUDENTS WHO PARTICIPATED IN FIELD TRIPS. THE MUSEUM'S SUMMER CAMPS FOR AGES 5 - 17 AND ITS POPULAR ASTROOVERNIGHT PROGRAM ENGAGE YOUNG PEOPLE AND FAMILIES. DAILY VISITORS TO THE ADLER ENCOUNTER HANDS-ON LEARNING OPPORTUNITIES THROUGHOUT THE MUSEUM, INCLUDING OBSERVING ON THE ADLER'S TELESCOPE TERRACE OR IN THE DOANE OBSERVATORY. IN THE PLANET EXPLORER'S EXHIBITION, YOUNGER GUESTS CAN EXPERIENCE WHAT IT IS LIKE TO BLAST OFF IN A ROCKET, SLEEP IN A SPACE BED AND CONDUCT SCIENCE EXPERIMENTS. SKY SHOWS IN THE ADLER'S THREE THEATERS ENGAGE VISITORS IN ALL AGES IN LEARNING TOGETHER. THE ADLER SUPPORTS SCHOOL GROUPS THROUGH A VARIETY OF OFFERINGS, RANGING FROM SKY SHOWS, TO FIELD TRIP GUIDES, TO INTERACTIVE SOFTWARE EXPERIENCES. TEACHERS AND ADMINISTRATORS ENROLL IN THE ADLER'S RESPECTED PROFESSIONAL DEVELOPMENT PROGRAMS AND MAY BORROW CURRICULUM-RELATED SCIENCE KITS AND FIELD TRIP SUPPORT MATERIALS. THE ADLER IS A NATIONAL LEADER IN SCIENCE EDUCATION AND SPONSORS PUBLIC SYMPOSIA AND LECTURES, WHICH ARE ALSO SHARED WITH A ROBUST COMMUNITY OF ON-LINE SUPPORTERS AND FRIENDS THROUGH SOCIAL MEDIA AND WWW.ADLERPLANETARIUM.ORG. THE ADLER IS ALSO A FOUNDING PARTNER OF THE CITIZEN SCIENCE ALLIANCE AND ZOONIVERSE ORG, AN ON-LINE GLOBAL INITIATIVE THAT HAS ENGAGED ALMOST 1,200,000 PEOPLE IN FRONTIER SCIENCE. THE ADLER PLANETARIUM HAS TAKEN THE LEAD AMONG PLANETARIUMS WORLD-WIDE IN ESTABLISHING AN ASTRONOMY AND ASTROPHYSICS RESEARCH GROUP IN A MUSEUM SETTING. ADLER PLANETARIUM ASTRONOMERS POSSESS RICH AND DIVERSE EXPERTISE IN MANY AREAS OF ASTRONOMY AS WELL AS OTHER CLOSELY RELATED SCIENCE FIELDS SUCH AS PARTICLE PHYSICS AND GEOPHYSICS. ADLER RESEARCHERS ARE INVOLVED IN MANY PROJECTS AT THE LEADING EDGE OF SCIENTIFIC KNOWLEDGE. THE ASTRONOMY DEPARTMENT HAS PARTICULARLY STRONG GROUPS IN FOUR AREAS; STAR FORMATION, GAMMA RAY OBSERVATIONS, ASTEROID CHARACTERIZATION AND ASTROPHYSICAL DATA MINING. WHEN MAX ADLER FOUNDED THE ADLER PLANETARIUM IN 1930, HE RECOGNIZED THE IMPORTANCE OF ESTABLISHING A COLLECTION OF ASTRONOMICAL ARTIFACTS TO TELL THE IMPORTANT HISTORY OF HUMANITY'S EXPLORATION OF THE UNIVERSE. MR. ADLER PURCHASED 500 ASTRONOMICAL, NAVIGATIONAL, AND MATHEMATICAL INSTRUMENTS FROM ANTON MENSING IN THE NETHERLANDS. HOUSED IN THE ADLER'S WEBSTER INSTITUTE FOR THE HISTORY OF ASTRONOMY, THE ADLER COLLECTIONS TODAY CONTAIN 1,800 INSTRUMENTS AND MODELS FROM THE 12TH THROUGH THE 20TH CENTURIES REPRESENTING MANY TYPES OF ASTRONOMICAL INSTRUMENTS, IT IS THE LARGEST COLLECTION OF SUCH MATERIAL IN THE WESTERN HEMISPHERE AND ONE OF THE MOST SIGNIFICANT IN THE WORLD. PORTIONS OF THESE COLLECTIONS ARE ON DISPLAY THROUGHOUT THE YEAR TO USE IN EXHIBITS AT THE MUSEUM. MANY OBJECTS IN THE COLLECTIONS ARE ALSO AVAILABLE FOR USE IN RESEARCH PROJECTS FOR SCHOLARS AND GRADUATE STUDENTS. 15300926 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 120 0 1 349 1 1 1 0 0 0 0 1 1 0 0 0 0 X 68 66 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL CA X MARCIA HEUSER 3129227827 1300 SOUTH LAKE SHORE DRIVE CHICAGO IL 60605 JOSEPH T LOWER BOARD CHAIRMAN 1.00 X X 0 0 0 WILLIAM J LUTZ BOARD TREASURER 1.00 X X 0 0 0 BARBARA L STEWART BOARD SECRETARY 1.00 X X 0 0 0 JEFFREY T FOLAND BOARD-VICE CHAIRMAN 1.00 X X 0 0 0 LAMAR A JOHNSON BOARD-VICE CHAIRMAN 1.00 X X 0 0 0 IRENE S PHELPS BOARD-VICE CHAIRMAN 1.00 X X 0 0 0 BRYAN C CRESSEY BOARD-EXECUTIVE COMM MEMBER 1.00 X 0 0 0 JOHN W ESTEY BOARD-EXECUTIVE COMM MEMBER 1.00 X 0 0 0 JOHN J PARO BOARD-EXECUTIVE COMM MEMBER 1.00 X 0 0 0 PRADIP K PATIATH BOARD-EXECUTIVE COMM MEMBER 1.00 X 0 0 0 NANCY RUSCHEINSKI BOARD-EXECUTIVE COMM MEMBER 1.00 X 0 0 0 SCOTT C SWANSON BOARD-EXECUTIVE COMM MEMBER 1.00 X 0 0 0 ANDREW J MILLS BOARD MEMBER 1.00 X 0 0 0 BERNARD L HENGESBAUGH BOARD MEMBER 1.00 X 0 0 0 BROOKE MACLEAN BOARD MEMBER 1.00 X 0 0 0 C PAUL JOHNSON BOARD-LIFE TRUSTEE 1.00 X 0 0 0 CAPT JAMES A LOVELL JR BOARD MEMBER 1.00 X 0 0 0 CAROLYN BOWMAN BOARD-LIFE TRUSTEE 1.00 X 0 0 0 CHRISTOPHER B CURTIS BOARD MEMBER 1.00 X 0 0 0 CYNTHIA L BALLEW BOARD MEMBER 1.00 X 0 0 0 DANIEL P COONEY BOARD MEMBER 1.00 X 0 0 0 DANIEL R EDER BOARD MEMBER 1.00 X 0 0 0 DARREL HACKETT BOARD MEMBER 1.00 X 0 0 0 DAVID A CARLQUIST BOARD MEMBER 1.00 X 0 0 0 DAVID A CROWN PHD BOARD MEMBER 1.00 X 0 0 0 DAVID MINTZER PHD BOARD-LIFE TRUSTEE 1.00 X 0 0 0 DAVID W FOX BOARD-LIFE TRUSTEE 1.00 X 0 0 0 DONALD C CLARK JR BOARD-LIFE TRUSTEE 1.00 X 0 0 0 DONNA N SMITH BOARD MEMBER 1.00 X 0 0 0 DOUGLAS A ENGEL BOARD MEMBER 1.00 X 0 0 0 DUSHAN PETROVICH BOARD MEMBER 1.00 X 0 0 0 EARLE M COMBS III BOARD-LIFE TRUSTEE 1.00 X 0 0 0 EDWARD J WILLIAMS BOARD-LIFE TRUSTEE 1.00 X 0 0 0 EMORY WILLIAMS BOARD-LIFE TRUSTEE 1.00 X 0 0 0 FIDEL MARQUEZ JR BOARD MEMBER 1.00 X 0 0 0 FRANK M CLARK BOARD-LIFE TRUSTEE 1.00 X 0 0 0 GEORGE W REED JR PHD BOARD-LIFE TRUSTEE 1.00 X 0 0 0 GURPREET SINGH BOARD MEMBER 1.00 X 0 0 0 HAROLD BSMITH BOARD-LIFE TRUSTEE 1.00 X 0 0 0 HOWARD L ECKER BOARD MEMBER 1.00 X 0 0 0 HOWARD S GOSS BOARD-LIFE TRUSTEE 1.00 X 0 0 0 IMOGENE POWERS JOHNSON BOARD MEMBER 1.00 X 0 0 0 J DOUGLAS DONENFELD BOARD-LIFE TRUSTEE 1.00 X 0 0 0 J ERIK FYRWALD BOARD MEMBER 1.00 X 0 0 0 JAMES J O'CONNOR BOARD-LIFE TRUSTEE 1.00 X 0 0 0 JANET D ROWLEY BOARD-LIFE TRUSTEE 1.00 X 0 0 0 JAY N WHIPPLE JR BOARD-LIFE TRUSTEE 1.00 X 0 0 0 JEFFREY S ROTHSTEIN BOARD MEMBER 1.00 X 0 0 0 JILL W ADLER BOARD-LIFE TRUSTEE 1.00 X 0 0 0 JONATHAN H HERBST BOARD MEMBER 1.00 X 0 0 0 KATHY HOPINKAH HANNAN BOARD MEMBER 1.00 X 0 0 0 KENNETH NEBENZAHL BOARD-LIFE TRUSTEE 1.00 X 0 0 0 LINDA I CELESIA BOARD-LIFE TRUSTEE 1.00 X 0 0 0 LISA H LEWIS BOARD MEMBER 1.00 X 0 0 0 MARC A PAULHUS BOARD MEMBER 1.00 X 0 0 0 MATTHEW F SAUER BOARD MEMBER 1.00 X 0 0 0 MICHEL J FELDMAN BOARD-LIFE TRUSTEE 1.00 X 0 0 0 NICHOLAS J PRITZKER BOARD MEMBER 1.00 X 0 0 0 PAUL D STEINBERG BOARD MEMBER 1.00 X 0 0 0 PETER O VANDERVOORT PHD BOARD-LIFE TRUSTEE 1.00 X 0 0 0 PHYLLIS LOCKETT BOARD MEMBER 1.00 X 0 0 0 RAJ BHATIA BOARD MEMBER 1.00 X 0 0 0 RAJ P GUPTA BOARD MEMBER 1.00 X 0 0 0 ROBERT N GORDON BOARD MEMBER 1.00 X 0 0 0 RYAN GARINO BOARD MEMBER 1.00 X 0 0 0 STEFAN C JAMES BOARD MEMBER 1.00 X 0 0 0 STEVEN S LOUIS BOARD MEMBER 1.00 X 0 0 0 STEVEN Y GOLD BOARD MEMBER 1.00 X 0 0 0 THOMAS A NARDI BOARD MEMBER 1.00 X 0 0 0 WILLIAM J GRUBER BOARD MEMBER 1.00 X 0 0 0 ROBERT C KNUEPFER JR BOARD MEMBER 1.00 X 0 0 0 PETER B COOK BOARD MEMBER 1.00 X 0 0 0 MICHELLE B LARSON PHD PRESIDENT AND CEO 35.00 X 338891 0 14031 JAN PROMER EXECUTIVE VP AND COO 35.00 X 211985 0 12180 MARCIA HEUSER CONTROLLER 35.00 X 122670 0 17191 GINEVRA S RANNEY VICE PRESIDENT 35.00 X 119771 0 19034 MARVIN BOLT VICE PRESIDENT 35.00 X 106099 0 16123 899416 0 78559 5 0 1 0 UNITED BUILDING MAINTENANCE 3328 SOLUTIONS CENTER CHICAGO IL 60677 JANITORIAL SERVICES 418516 REGENTS OF THE UNIVERSITY OF MINNESOTA NW 5957 PO BOX 1450 MINNEAPOLIS MN 55485 RESEARCH 395009 SAGIN LLC 747 N LASALLE STREET SUITE 500 CHICAGO IL 60654 IT SERVICES 169585 K2 COMMUNICATIONS 880 APOLLO STREET SUITE 239 EL SEGUNDO CA 90245 SHOW LICENSING 150000 4 625446 1593716 2915280 4568589 811848 9703031 ADMISSIONS 900099 4979844 4979844 CAMPS AND ASTROOVERNIGHTS 900099 220336 220336 SKY SHOWS 900099 82669 82669 OTHER PROGRAM REVENUE 900099 64762 64762 5347611 530858 14897 515961 965358 0 965358 965358 965358 5306807 4874651 30184 432156 -30184 401972 401972 119800 1593716 378949 -259149 -259149 11800 0 11800 11800 FOOD SERVICE AND CONCESSIONS 900099 399781 399781 399781 17101262 5347611 14897 2035723 577087 461932 45905 69250 6888794 5532700 522339 833755 479767 392424 35512 51831 458360 369289 34308 54763 691565 554853 56285 80427 24098 19105 2436 2557 622 622 63611 63611 1086568 920471 72907 93190 583746 454321 63151 66274 1257750 830723 122779 304248 389742 308987 39403 41352 473603 375473 47881 50249 207293 192094 3271 11928 434914 344800 43970 46144 3214269 2548272 341034 324963 134241 107027 13279 13935 EQUIPMENT, LEASES AND R 1384411 1263157 59325 61929 CLEANING AND MAINTENANC 418516 331799 42312 44405 FOOD SERVICE AND CONCES 126762 84878 2273 39611 UBI TAX 1737 1737 259373 206884 6097 46392 19156829 15300926 1618078 2237825 304342 476564 1502468 2577549 3756848 2628386 282580 393278 200000 160872 386811 413925 69124711 34915528 36007939 34209183 18433446 20283110 2709049 2517948 0 14046 63583483 63674861 1735962 1567990 895254 1088419 27000000 27000000 4415539 4747697 34046755 34404106 X 18061602 19600155 8056800 6173807 3418326 3496793 29536728 29270755 63583483 63674861 X -2055567 2200124 -410530 X 0 1 X 1 1 1 X 6836970 9795768 12391278 6374375 7957236 43355627 2014327 1907229 1725429 1734795 1745795 9127575 8851297 11702997 14116707 8109170 9703031 52483202 2329611 50153591 916058 1174503 1210350 1510209 1496216 6307336 231841 163070 179194 206820 531381 1312306 60102844 27400419 0.83450 0.83580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2009 AMOUNT: $ 68,691. 2010 AMOUNT: $ 64,320. 2011 AMOUNT: $ 59,494. 2012 AMOUNT: $ 76,020. 2013 AMOUNT: $ 0. FUNDRAISING - 2009 AMOUNT: $ 163,150. 2010 AMOUNT: $ 98,750. 2011 AMOUNT: $ 102,500. 2012 AMOUNT: $ 112,500. 2013 AMOUNT: $ 119,800. RAFFLE - 2011 AMOUNT: $ 17,200. 2012 AMOUNT: $ 18,300. 2013 AMOUNT: $ 11,800. FOOD SERVICE AND CONCESSIONS - 2013 AMOUNT: $ 399,781. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 569 0 0 1 24808 0 0 25377 0 PART II-B, LINE 1: THE ADLER PLANETARIUM DEVOTED AN INSUBSTANTIAL PART OF ITS ACTIVITIES TO MONITORING AND COMMUNICATING WITH FEDERAL AND STATE ELECTED OFFICIALS REGARDING LEGISLATIVE MATTERS. X X X X 0 3929191 78035 548268 190645 4364849 3560572 10000 386607 27988 3929191 3590889 -28226 2091 3560572 2907568 500000 279901 96580 3590889 1932434 1000000 250 25116 2907568 0.80120 0.19880 1 0 41849999 17768231 24081768 2460278 1771183 689095 3405885 2168586 1237299 21408549 13207528 8201021 34209183 DEFERRED PENSION BENEFIT PLAN LIABILITY 4234102 RETIREMENT ANNUNITY DUE TO FORMER OFFICER BENEFICIARY 59764 INTEREST RATE SWAP 195372 CAPITAL LEASE OBLIGATIONS 258459 4747697 X 19943318 2200124 296410 409133 2905667 17037651 63611 63611 17101262 20209291 296410 819663 1116073 19093218 63611 63611 19156829 PART III, LINE 1A: IN CONFORMITY WITH THE ACCOUNTING PRACTICES GENERALLY FOLLOWED BY MUSEUMS, THE ADLER'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ADLER'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. THERE WERE NO EXPENDITURES FOR COLLECTIONS IN THE YEAR ENDED JUNE 30, 2014. EXPENDITURES FOR COLLECTIONS TOTALED $90,101 DURING THE YEAR ENDED JUNE 30, 2013. THE ADLER'S COLLECTIONS ARE MADE UP OF APPROXIMATELY 10,000 ARTIFACTS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART III, LINE 4: FROM ITS INCEPTION, THE ADLER PLANETARIUM AND ASTRONOMY MUSEUM (THE ADLER) HAS HELD ONE OF THE WORLD'S FOREMOST COLLECTIONS OF INSTRUMENTS RELATING TO ASTRONOMY. TODAY, THE ADLER POSSESSES A MAJOR COLLECTION OF HISTORIC SCIENTIFIC INSTRUMENTS; COLLECTIONS OF RARE BOOKS AND OF WORKS ON PAPER DEALING WITH ASTRONOMY, SCIENTIFIC INSTRUMENTS AND RELATED SUBJECTS; A COLLECTION OF REPLICAS AND SIMILAR "HAND-ON" OBJECTS USED FOR EDUCATIONAL PURPOSES; AND ARCHIVES PERTAINING TO THE HISTORY OF THE ADLER ITSELF. THE ADLER'S HISTORIC SCIENTIFIC INSTRUMENT COLLECTION NOW CONTAINS ABOUT 1800 THREE-DIMENSIONAL ARTIFACTS DATING FROM THE 12TH THROUGH THE 20TH CENTURIES, RANGING FROM MEDIEVAL ASTROLABES AND ARMILLARY SPHERES TO SUNDIALS, PLANETARUIM, AND TELESCOPES FROM THE SCIENTIFIC REVOLUTION TO THE INSTRUMENTS OF THE PRESENT CENTURY FOR CELESTIAL NAVIGATION. THE RARE BOOK COLLECTION (NUMBERING ABOUT 2,400) AND WORKS ON PAPER COLLECTION (755 WORKS) COVER SUBJECTS RELATED TO ASTRONOMY. THE EDUCATIONAL COLLECTION FURNISHES REALISTIC MODELS AND REPLICAS FOR USE BY THE EDUCATORS ON THE MUSEUM FLOOR AND OFF-SITE, IN SITUTATIONS WHERE THE USE OF DELICATE ARTIFACTS WOULD BE INAPPROPRIATE. PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR THE MAINTENANCE AND OPERATION OF THE FACILITIES OF THE ADLER PLANETARIUM. THE ADLER PLANETARIUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ADLER MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION FROM TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ADLER AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION, IF ANY, ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS PRESENTED IN THESE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT DIRECT EXPENSES 378,949. LOSS ON DISPOSED FIXED ASSETS 30,184. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DEFINED BENEFIT PENSION PLAN 351,045. UNREALIZED LOSS ON INTEREST RATE SWAP 59,485. LOSS ON DISPOSED FIXED ASSETS 30,184. FUNDRAISING EVENT DIRECT EXPENSES 378,949. CELESTIAL BALL 1541566 1437766 103800 102054 3840 231448 WOMEN IN SPACE SCIENCE 171950 155950 16000 21682 19925 1713516 1593716 119800 123736 3840 251373 378949 -259149 X 1 1 X X X 0 0 0 0 0 0 0 1 1 1 MICHELLE B LARSON PHD PRESIDENT AND CEO 286940 0 22500 0 29451 0 8175 0 5856 0 352922 0 0 0 JAN PROMER EXECUTIVE VP AND COO 209485 0 2500 0 0 0 6501 0 5679 0 224165 0 0 0 PART I, LINE 1A THE PRESIDENT AND CEO HAS A MEMBERSHIP WITH THE CHICAGO CLUB FOR HOLDING BUSINESS RELATED MEETINGS. THERE IS NO PERSONAL USE OF THIS MEMBERSHIP SO THE BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT AND CEO. PART I, LINE 7 BONUSES WERE PAID TO CERTAIN PERSONS LISTED IN PART VII SECTION SECTION LINE A1 AT THE DISCRETION OF THE BOARD OF TRUSTEES AND PRESIDENT AND CEO BASED ON SPECIAL ACHIEVEMENT CRITERIA THAT THE BOARD SET. PART I, LINE 8 THE PRESIDENT AND CEO'S SALARY AND BONUS ARE PAID PURSUANT TO AN INITIAL EMPLOYMENT CONTRACT AGREEMENT. MICHELLE B LARSON OFFICER RECRUITMENT LOAN X 200000 160872 0 1 1 160872 CHARTER ONE BANKRBS CITIZENS BANK TRUSTEE MARK PAULHUS IS PRESIDENT OF CHARTER ONE BANK & RBS CITIZENS 692513 CORPORATE CREDIT CARD PAYMENTS; BANK FEES. THIS TRANSACTION FOLLOWED THE ORGANIZATION'S ESTABLISHED PROCUREMENT POLICY AND THE RATES ARE COMPETITIVE WITH MARKET RATES. THE TRUSTEE WAS NOT INVOLVED IN THE NEGOTIATIONS OR FINAL DECISION. 0 RBS ASSET FINANCE TRUSTEE MARK PAULHUS IS AN OFFICER OF RBS ASSET FINANCE 577444 OPERATING LEASE PAYMENTS. THIS TRANSACTION FOLLOWED THE ORGANIZATION'S ESTABLISHED PROCUREMENT POLICY AND THE RATES ARE COMPETITIVE WITH MARKET RATES. THE TRUSTEE WAS NOT INVOLVED IN THE NEGOTIATIONS OR FINAL DECISION. 0 PNC BANKPNC CAPITAL MARKETS TRUSTEE SCOTT SWANSON IS PRESIDENT OF PNC BANK 368834 LETTER OF CREDIT AND REMARKETING FEES; SWAP SETTLEMENTS. THIS TRANSACTION FOLLOWED THE ORGANIZATION'S ESTABLISHED PROCUREMENT POLICY AND THE RATES ARE COMPETITIVE WITH MARKET RATES. THE TRUSTEE WAS NOT INVOLVED IN THE NEGOTIATIONS OR FINAL DECISION. 0 X 8 143938 FAIR MARKET VALUE X SOFTWARE 55 596410 FAIR MARKET VALUE X FOOD - EVENTS 13 71500 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 AN "EXECUTIVE COMMITTEE" CONSISTING OF THE CHAIR, VICE CHAIRS, TREASURER, SECRETARY, PRESIDENT AND CEO, AND SIX (6) ADDIITONAL TRUSTEES (ONE OF WHICH MAY BE THE IMMEDIATE PAST CHAIR) ELECTED BY THE BOARD OF TRUSTEES AT THE REGULAR ANNUAL MEETING OF THE BOARD OF TRUSTEES SHALL, WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION EXCEPT AS PROVIDED IN THE ILLINOIS NOT FOR PROFIT CORPORATION ACT. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIVITIES TO THE BOARD OF TRUSTEES AT THE BOARD'S LEGALLY CONVENED MEETINGS. THE PRESIDENT AND CEO SHALL SERVE AS EXECUTIVE SECTETARY TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY MANAGEMENT OF THE ORGANIZATION AND IF ANY QUESTIONS ARISE DURING THEIR REVIEW, THEY ARE ADDRESSED WITH THEIR PAID TAX PREPARER. A PRESENTATION OF THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE WHO HAS BEEN DELEGATED THE REVIEW RESPONSIBILITY. ALL BOARD MEMBERS RECEIVE A COPY OF THE FINAL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE ADLER PLANETARIUM, ITS BOARD OF TRUSTEES AND COMMITTEES TO ENSURE THAT BOARD MEMBERS AND EMPLOYEES IN ALL OF THEIR ACTIVITIES AVOID CONFLICTS OF INTEREST-ACTUAL, POTENTIAL OR PERCEIVED-WHILE PERFORMING THEIR MUSEUM-RELATED DUTIES. IN PARTICULAR, NO PERSONS SHOULD OBTAIN OR APPEAR TO OBTAIN SPECIAL ADVANTAGES FOR THEMSELVES, THEIR RELATIVES, OR THEIR CLOSE ASSOCIATES AS A RESULT OF THEIR AFFILIATION AS A BOARD MEMBER OR EMPLOYEE. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUESTED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURES ARE REVIEWED BY EXECUTIVE STAFF AND IF A CONFLICT IS DETERMINED TO EXIST, THE MATTER IS BROUGHT TO THE EXECUTIVE COMMITTEE FOR FURTHER REVIEW. THE IMPLICATIONS IN PRACTICE FOR THIS POLICY VARY FROM ACTIVITY TO ACTIVITY AND THIS GENERAL POLICY SHOULD NOT LIMIT THE COOPERATION AND MUTUAL ASSISTANCE THAT IS NECESSARY FOR THE EFFECTIVE FUNCTIONING OF THE ORGANIZATION. IN ADDITION, THE ADLER IS A MEMBER OF THE AMERICAN ASSOCIATION OF MUSEUMS AND SUBSCRIBES TO THE CODE OF ETHICS FOR MUSEUMS. IN SUBSCRIBING TO THIS CODE, THE ADLER ASSUMES RESPONSIBILITY FOR THE ACTIONS OF EMPLOYEES OF THEIR GOVERNING AUTHORITY AND VOLUNTEERS IN THE PERFORMANCE OF MUSEUM-RELATED DUTIES. A COPY OF THE CODE OF ETHICS FOR MUSEUMS IS GIVEN TO EACH NEW FULL-TIME EMPLOYEE. IF A CONFLICT IS DETERMINED BETWEEN A BOARD MEMBER AND THE ORGANIZATION, THE CONFLICT IS NOTED AND THE BOARD MEMBER IS ASKED TO ABSTAIN FROM ANY DISCUSSION OF OR VOTING ON ISSUES RELATED TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 IN FALL 2011, THE COMPENSATION COMMITTEE OF THE BOARD (COMPRISED OF INDEPENDENT BOARD MEMBERS AND THE ADLER PRESIDENT AND CEO) INITIATED A COMPREHENSIVE REVIEW OF SALARIES AND BENEFITS FOR ALL STAFF POSITIONS, INCLUDING TOP MANAGEMENT, THAT WAS CONCLUDED IN SPRING 2012 AND FURTHER UPDATED IN LATE 2012. DATA FROM LOCAL AND NATIONAL MUSEUMS, SCIENCE CENTERS, UNIVERSITIES AND OTHER EDUCATIONAL INSTITUTIONS, AND CHICAGO-BASED PROFESSIONAL SERVICE FIRMS AND OTHER EMPLOYERS WAS CONSIDERED. IN ADDITION, THE COMPENSATION COMMITTEE INFORMALLY SURVEYS, ON A PERIODIC BASIS, SIMILAR SIZED AND LOCATED NOT-FOR-PROFIT ORGANIZATIONS TO ATTRACT, RETAIN, AND REWARD HIGH-PERFORMING INDIVIDUALS. THE EXECUTIVE COMMITTEE HAS ASSUMED THE RESPONSIBILITIES OF THE COMPENSATION COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF THE PRESIDENT AND CEO ANNUALLY. THE PRESIDENT AND CEO DOES NOT TAKE PART IN ANY DECISIONS REGARDING HER OWN COMPENSATION. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS IS KEPT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DEFINED BENEFIT PENSION PLAN -351,045. UNREALIZED LOSS ON INTEREST RATE SWAP -59,485.