2015-04-03T13:12:04-07:00 2014-06-30 990 2013-07-01 366154098 MUSEUM OF CONTEMPORARY ART MUSE 3123973813 220 East Chicago Avenue Chicago IL 606112643 Peggy Papaioannou CFO and Assistant Treasurer 3123973801 2015-04-03 2013 2016-02-25 16:41:14Z Peggy Papaioannou 220 East Chicago Avenue Chicago IL 606112643 30544403 0 X www.mcachicago.org X 1964 IL Enhance appreciation of contemporary art through education, programming and exhibitions (see statement on Part III Line 1). 68 68 332 257 -5895 0 26301499 17863992 1382388 1372937 642498 1155277 -7319 454720 28319066 20846926 0 0 0 0 7384420 7796518 51829 44705 2034239 10219675 11339310 17655924 19180533 10663142 1666393 155368070 168963258 35971089 37174838 119396981 131788420 The MCA is an innovative and compelling center of contemporary art where the public can directly experience the work and ideas of living artists, and understand the historical, social and cultural context of the art of our time. The Museum boldly interweaves exhibitions, performances, collections, and educational programs to excite, challenge, and illuminate our visitors and to provide insight into the creative process. The MCA aspires to engage a broad and diverse audience, create a sense of community and be a place for contemplation, stimulation, and discussion about contemporary art and culture. 0 0 7709384 0 896604 (4a) Exhibitions: The MCA presented 10 major and 9 smaller exhibitions in FY 2014 and welcomed 152,633 visitors. Total FY2014 attendance was 263,806. From July 1, 2013 - June 30, 2014, the MCA's curatorial team continued to present thought provoking exhibitions aligned with the museum's vision. MCA exhibitions offer a new model for how a contemporary art museum can best serve and stimulate its public, and new works are regularly commissioned and brought into the MCA collection out of its exhibition program. A) Homebodies (June 29 to October 13, 2013): Homebodies presented work by contemporary artists from six continents who examine the space of the home, both literally and figuratively, as an integral site for making art. Through these varied points of view, visitors were presented with a complex view of the domestic: the home as a site where art is made, as a familiar place that invites closer scrutiny, and as the setting for psychological investigations or even dramatic self-transformations. B) Modern Cartoonist: The Art of Daniel Clowes (June 29 to October 13, 2013): Modern Cartoonist, the first museum retrospective of acclaimed comic book and graphic artist Daniel Clowes's work, assembled a comprehensive collection of Clowes's original drawings and provided audiences with an uncommon occasion to explore his studio practice in the public setting of the museum, as well as explore the evolution of his aesthetic, and his complicated relationship with Chicago, the city where he was raised and lived early in his career. C) The Way of the Shovel: Art as Archaeology (November 12, 2013 to March 9, 2014): The Way of the Shovel traced the interest in history, archaeology, and archival research that defines some of the most highly regarded art of the last decade. Consisting almost entirely of work produced after the year 2000, The Way of the Shovel re-imagined the art world as an alternative "History Channel" that is as concerned with remembering histories as it is with challenging their truthfulness. D) Isa Genzken: Retrospective (April 12-August 13, 2014): Isa Genzken presented the first large-scale retrospective of this renowned sculptor in an American museum. This retrospective encompassed Genzken's work in all media, produced over the past three decades, and secured Genzken's legacy as a transgenerational force in international contemporary art. The Ascendant Artist series spotlights the MCA's commitment to the art of our time by presenting talented artists in their first significant museum exhibitions: E) Paul Sietsema (September 7, 2013 to January 5, 2014) showcased the artist's exploration of the nature of objects and images through a wide range of media. Sietsema's practice embodies his meditation on what it means to make art and the role of an artist today-amid the barrage of images; the telescoping of past, present, and future that instant access to information seems to provide; and the ease with which digital means can present alternate realities. F) William J. O'Brien (January 25 to May 18, 2014) demonstrated the prolific output of this Chicago-based artist in a broad range of media, from sculpture and ceramics to drawing, textiles, and painting. The exhibition developed new language around O'Brien's contemporary abstract artworks-language that focused on process rather than individual expression or technique and that considered his body of work as a reflection of a multitude of cultural sources. O'Brien is an Assistant Professor of Ceramics at the School of the Art Institute of Chicago. MCA Collection exhibitions are comprised mostly of works from the MCA Collection and supplemented by loans from the Chicago community: G) Think First, Shoot Later (May 18 to November 10, 2013) examined many of the defining artists and themes in conceptual photography over the past four decades. Featuring a highly diverse range of artists who borrow freely across the range of photographic possibilities, Think First, Shoot Later gave audiences a sense of some of the most dominant issues defining the field of photography today. H) CIT 2095007 0 102236 4(b) EDUCATION: The MCA is Chicago's only museum dedicated to the art of our times serving 26,849 attendees. As an integral component of the museum's mission, the MCA offered a full range of educational programs during the 2013-2014 program year for elementary and high school audiences, including artist-led exhibition tours and hands-on Creation Labs, as well as a complement of professional enrichment opportunities for educators. Education programs continue to serve a diverse pool of Chicago Public Schools students and teachers, and are provided to all Chicago Public Schools on a complimentary basis to facilitate access and encourage broad participation. A) The MCA continued its successful school tour programs for teachers and students in grades 1 -12. Our School Tours programs continue to be the cornerstone of our Education programs and provide the broadest exposure to contemporary art for students in grades 1-12. This year, our School Tours program reached over 9,800 students with 89 percent of the participating schools serving students with identified needs and programs. B) The MCA's program for 15-19 year olds, Teen Creative Agency (TCA), completed its third year during the summer 2014, and the inaugural group of teens has now segued into program alumni. Guided by two local artists who facilitated the weekly sessions, TCA members led in-gallery activities, took monthly trips to cultural organizations, Chicago neighborhoods and artist studios, and worked alongside MCA staff and artists on projects. C) From its origins as a week-long summer experience, the MCA Teacher Institute has evolved into a year-long engagement initiative - the museum's most immersive and intensive professional development program for teachers. During this year's Institute, creative practitioners used contemporary art and MCA resources to explore their teaching practice, experiment with classroom curriculum, and collaborate with other teachers to learn about other teaching styles. D) Our popular Family Day programming continued with more than 875 families participating in the program (families with children under the age of 12 receive complimentary admission on the second Saturday of each month, October - May). E) As part of our wide-ranging Education programs, the MCA presented a diverse range of public programs including conversations, lectures, and panels that explore the visual and intellectual complexities of contemporary art and design and their connection to culture and history. 1342215 0 249477 (4c) PERFORMANCES: The MCA continued to offer an aggressive performance schedule, complete with unique offerings and collaborations with other cultural institutions during the MCA Stage's 18th anniversary season. Here are some highlights from the season. A) Taylor Mac A History of Political Popular Music (Sept 27-28): The wildly imaginative drag legend creates community with his expansive concert project, mining the history of music and culture. B) Timber 4 Tercer Cuerpo (Third Wing) (Oct 3-6): The last five occupants of an obsolete office building remain, searching for meaning and insight in the daily activities and illogic of human existence. C) ICE (International Contemporary Ensemble) John Zorn Retrospective (Oct 26): Zorn, a pillar of experimental music, is a prolific musician and composer. Marking his 60th year, he composed four new works for ICE, including a large ensemble piece premiering at this concert; and Alvin Lucier (March 21-23): ICE performs work by Alvin Lucier, a trailblazing force for over 50 years. Lucier opens our awareness of the nature of sound and language, using the simplest of means to create beautiful and ethereal aural phenomena. D) Rainpan 43 Elephant Room (Nov 2-10): This absurd performance takes the form of a magic show to embrace and expose the currency of deception in contemporary American culture. Elephant Room is ridiculous and poetic, shameless and sincere. As three semi-pro magicians posture and hide behind their smoke and mirrors, they engage us by exposing their vulnerability. E) Sandra Bernhard Sandyland (Dec 5-7): A one-woman show accompanied by her band, showcasing her original intellect, tough cultural commentary, and distinctive glamour. F) Lola Arias El año en que naci (Jan 23-26): A group of artists born under a dictatorship rebuild their parents' youth from photographs, letters, tapes, used clothing, stories, and forgotten memories. G) Kyle Abraham The Radio Show (Feb 20-23): One of the hottest young choreographers in the United States, Kyle Abraham often grounds his works in his life history. In The Radio Show audience members experience two seminal events-the abrupt closing of a favorite hometown radio station and the slow breakdown of communication as a family member descends into Alzheimers and aphasia. H) Elevator Repair Service Arguendo (March 14-16): This piece is built from the verbatim transcript of a Supreme Court case brought by a group of Indiana go-go dancers who claimed a First Amendment right to dance totally nude. The drama that emerges is in turns absurd, hilarious, provocative and intellectually compelling - as the justices debate the definition of dance, nudity in opera houses vs. strip-clubs and whether naked erotic dancing is artistic expression or a crime. I) Rabih Mroue and Lina Saneh 33 Rounds and a few seconds (April 10-12): The piece invites us to follow a fictional Lebanese man who has killed himself during the Arab Spring uprising. There are no actors on the stage, only the young man's bedroom, in which the his television, mobile phone, computer and Facebook page reveal and extend his life even after death, as the personal and the political intertwine. J) Maud Le Pladec Democracy (May 3-4): A new work by an important young post-minimalist choreographer who explores relations of music and movement in depth. Her dancers' bodies become part of the musical score; Democracy is set to music by Julia Wolfe, one of the acclaimed founders of Bang on a Can performed live by Ensemble TaCTuS. K) Baryshnikov Productions with Big Dance Theater Man in a Case (May 15-18): Internationally acclaimed dancer Mikhail Baryshnikov teams up with Annie-B Parson and Paul Lazar, the creative duo behind Big Dance Theater, to act in this experimental theater work based on two of Anton Chekhov's 1898 short stories. Through the device of a tale within a tale, two friends on a hunting trip share stories late into the night. In "The Man in a Case," a rigid and officious man's attempted courtship of a vibrant young woman forces him to come face to face with his limitations, while "About Love" relives one man's inability to act on his passion for a woman he truly loves. 1430012 0 2483 (4d) COMMUNICATIONS AND COMMUNITY ENGAGEMENT: To implement the MCA's strategic vision, the Communications and Community Engagement (CCE) team plays a crucial role in activating the MCA as an audience-engaged platform for producing art, ideas, community, and conversation around the creative process. CCE takes a lead role in building relationships with Chicago's many diverse communities while establishing the museum as integral within our city. A targeted mix of print, digital, and outdoor advertisements, as well as consistent editorial media coverage, make the museum widely visible in Chicago and out of town. Collaborations with cultural partners is another important way the team promotes audience-sharing with the city. Online audiences benefit from substantive and interactive web resources that range from the museum's website and high-quality videos to our highly active social media presence on Twitter, Instagram, and Facebook pages. 231286 0 268589 (4d-2) MEMBERSHIP 437136 0 212762 (4d-e) FOOD SERVICE 428486 0 442226 (4d-4) PARKING 890160 0 0 (4d-5) DESIGN, PUBLISHING & NEW MEDIA 3417080 0 926060 14563686 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 159 0 1 332 1 1 1 1 BD CJ EI 0 0 0 1 1 0 0 0 0 X 68 68 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X Peggy Papaioannou 3123973813 220 East Chicago Avenue Chicago IL 606112643 KING HARRIS CHAIR AND TRUSTEE 10.0 0 X X 0 0 0 STEFAN EDLIS VICE CHAIR AND TRUSTEE 5.0 0 X X 0 0 0 ANNE KAPLAN VICE CHAIR AND TRUSTEE 5.0 0 X X 0 0 0 SYLVIA NEIL VICE CHAIR AND TRUSTEE 5.0 0 X X 0 0 0 MARTIN NESBITT VICE CHAIR AND TRUSTEE 5.0 0 X X 0 0 0 ROB BELLICK SECRETARY AND TRUSTEE 5.0 0 X X 0 0 0 MICHAEL O'GRADY TREASURER AND TRUSTEE 5.0 0 X X 0 0 0 SARA ALBRECHT TRUSTEE 2.0 0 X 0 0 0 MICHAEL ALPER TRUSTEE 2.0 0 X 0 0 0 JENNIFER AUBREY TRUSTEE 2.0 0 X 0 0 0 GERHARD BETTE TRUSTEE 2.0 0 X 0 0 0 LESLIE BLUHM TRUSTEE 2.0 0 X 0 0 0 MARLENE BRESLOW-BLITSTEIN TRUSTEE 2.0 0 X 0 0 0 MARC BROOKS TRUSTEE 2.0 0 X 0 0 0 MICHAEL CANMANN TRUSTEE 5.0 0 X 0 0 0 CAROL COHEN TRUSTEE 2.0 0 X 0 0 0 NELDA CONNORS TRUSTEE 2.0 0 X 0 0 0 DONALD J EDWARDS TRUSTEE 2.0 0 X 0 0 0 ELISSA HAMID EFROYMSON TRUSTEE 2.0 0 X 0 0 0 LOIS EISEN TRUSTEE 5.0 0 X 0 0 0 LARRY FIELDS TRUSTEE 2.0 0 X 0 0 0 BRENDA FLEISSNER TRUSTEE 2.0 0 X 0 0 0 JAY FRANKE TRUSTEE 2.0 0 X 0 0 0 NICHOLAS GIAMPIETRO TRUSTEE 2.0 0 X 0 0 0 JAMES A GORDON TRUSTEE 2.0 0 X 0 0 0 W GEORGE GREIG TRUSTEE 2.0 0 X 0 0 0 KENNETH C GRIFFIN TRUSTEE 2.0 0 X 0 0 0 JACK GUTHMAN TRUSTEE 5.0 0 X 0 0 0 WILLIAM J HOKIN TRUSTEE 2.0 0 X 0 0 0 WILLIAM HOOD TRUSTEE 2.0 0 X 0 0 0 CYNTHIA HUNT TRUSTEE 5.0 0 X 0 0 0 GRETCHEN JORDAN TRUSTEE 2.0 0 X 0 0 0 DONALD KAUL TRUSTEE 2.0 0 X 0 0 0 LIZ LEFKOFSKY TRUSTEE 2.0 0 X 0 0 0 RON LEVIN TRUSTEE 5.0 0 X 0 0 0 ROBERT N MAYER TRUSTEE 2.0 0 X 0 0 0 NANCY A LAUTER MCDOUGAL TRUSTEE 2.0 0 X 0 0 0 MARQUIS D MILLER TRUSTEE 5.0 0 X 0 0 0 KATE NEISSER TRUSTEE 2.0 0 X 0 0 0 MARTIN NESBITT TRUSTEE 2.0 0 X 0 0 0 MICHAEL J O'CONNOR TRUSTEE 2.0 0 X 0 0 0 CAROL PRINS TRUSTEE 2.0 0 X 0 0 0 NAOMI MORI REESE TRUSTEE 2.0 0 X 0 0 0 CARI SACKS TRUSTEE 5.0 0 X 0 0 0 MARJORIE SUSMAN TRUSTEE 2.0 0 X 0 0 0 SARA SZOLD TRUSTEE 2.0 0 X 0 0 0 KATHY TASLITZ TRUSTEE 2.0 0 X 0 0 0 HELEN ZELL TRUSTEE 5.0 0 X 0 0 0 MARTIN E ZIMMERMAN TRUSTEE 2.0 0 X 0 0 0 MARILYNN B ALSDORF LIFE TRUSTEE 2.0 0 X 0 0 0 JOHN D CARTLAND LIFE TRUSTEE 2.0 0 X 0 0 0 FRANCES DITTMER LIFE TRUSTEE 2 0 X 0 0 0 MARSHALL FRONT LIFE TRUSTEE 2.0 0 X 0 0 0 HELYN D GOLDENBERG LIFE TRUSTEE 2.0 0 X 0 0 0 DAVID HARTT ARTIST TRUSTEE 2.0 0 X 0 0 0 DORIS HOLLEB LIFE TRUSTEE 2.0 0 X 0 0 0 RUTH HORWICH LIFE TRUSTEE 2.0 0 X 0 0 0 MARY ITTELSON LIFE TRUSTEE 2.0 0 X 0 0 0 JOHN C KERN LIFE TRUSTEE 2.0 0 X 0 0 0 SALLY MEYERS KOVLER LIFE TRUSTEE 2.0 0 X 0 0 0 LEWIS MANILOW LIFE TRUSTEE 2.0 0 X 0 0 0 BEATRICE CUMMINGS MAYER LIFE TRUSTEE 2.0 0 X 0 0 0 JUDITH NEISSER LIFE TRUSTEE 2.0 0 X 0 0 0 DORIS STERNBERG LIFE TRUSTEE 2.0 0 X 0 0 0 DARYL GERBER STOKOLS LIFE TRUSTEE 2.0 0 X 0 0 0 DONNA A STONE LIFE TRUSTEE 2.0 0 X 0 0 0 JEROME H STONE LIFE TRUSTEE 2.0 0 X 0 0 0 ALLEN M TURNER LIFE TRUSTEE 2.0 0 X 0 0 0 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR AND CHIEF EXECUTIVE OFFICER 40 0 X 451706 0 22283 JANET ALBERTI DEPUTY DIRECTOR (Thru November 2013) 40 0 X 286654 0 23616 LISA M KEY CHIEF DEVELOPMENT OFFICER AND ASSISTANT SECRETARY 40 0 X 180607 0 10766 PEGGY PAPAIOANNOU CHIEF FINANCIAL OFFICER AND ASSISTANT TREASURER 40 0 X 124692 0 13532 MICHAEL DARLING CHIEF CURATOR 40 0 X 183330 0 23031 MATTHEW RENTON DIRECTOR OF COMMUNICATIONS AND COMMUNITY ENGAGEMENT 40 0 X 143752 0 17105 GWEN PERRY DAVIS DEPUTY DIRECTOR OF DEVELOPMENT 40 0 X 141971 0 5624 HEIDI REITMEIER BEATRICE C MAYER DIRECTOR OF EDUCATION 40 0 X 123694 0 11399 HELEN DUNBECK DIRECTOR OF ADMINISTRATION 40 0 X 119743 0 16664 1756149 0 144020 10 0 1 0 UNICCO SERVICE COMPANY 4002 SOULUTIONS CENTER CHICAGO IL 606774000 JANITORIAL 482831 TERRY DOWD INC 2501 WEST ARMITAGE AVE CHICAGO IL 60647 SHIPPING 171846 CMCA CATERING LLC 220 EAST CHICAGO AVE CHICAGO IL 60611 CATERING 138596 CLASSIC COLOR INC 2424 SOUTH 25TH AVENUE BROADVIEW IL 60155 PRINTING 123527 ARTEX INC 8712 JERICHO CITY DRIVE LANDOVER MD 207854761 SHIPPING 120129 5 0 268589 113533 0 1942673 15539197 974878 17863992 Admissions 712110 814982 814982 0 0 Exhibitions 712110 81622 81622 0 0 Performances 712110 249477 249477 0 0 Communication and Community Engagement 712110 2483 2483 0 0 Education 712110 102236 102236 0 0 122137 122137 0 0 1372937 130763 0 0 130763 0 0 0 0 0 0 0 0 442154 0 534353 0 -92199 0 -92199 0 0 -92199 7482810 0 6458296 0 1024514 0 1024514 0 0 1024514 169577 113533 100721 68856 0 68856 2396243 2604107 -207864 -201969 -5895 0 Food Service 712110 212762 0 0 212762 Parking 712110 442226 0 0 442226 30939 0 0 30939 685927 20846926 1170968 -5895 1817861 0 0 0 0 0 0 0 0 1134387 626004 181197 327186 0 0 0 0 5336292 3537404 848265 950623 225287 160899 31429 32959 681878 471121 54465 156292 418674 242876 111863 63935 0 0 0 0 28852 270 28582 0 43700 0 43700 0 0 0 0 0 44705 44705 75705 0 75705 0 1871542 1556074 268973 46495 756534 728882 11989 15663 599609 479202 68489 51918 234725 40913 170141 23671 14364 14364 0 0 3522304 3156373 266278 99653 445112 381335 55271 8506 0 0 0 0 295350 139295 31492 124563 544013 489744 39490 14779 0 0 0 0 1027228 924755 74567 27906 232222 99289 132933 0 Postage and Shipping 1067732 1049400 12015 6317 Participation Fees 79994 79994 0 0 Storage and Conservation 139985 139985 0 0 360339 245507 75764 39068 19180533 14563686 2582608 2034239 2383015 3929642 6020125 2044048 20286125 20010731 380613 168683 479028 476781 1332632 1946767 65504763 28668016 38003155 36836747 21432745 25428030 64794404 77881615 256228 240214 155368070 168963258 2706623 3002692 125784 1178545 30500000 30500000 2638682 2493601 35971089 37174838 X 71209757 77224106 31084675 37461765 17102549 17102549 119396981 131788420 155368070 168963258 X 1666393 11030956 0 0 0 -305910 X 0 1 X 1 0 X 18949529 10050909 18665763 26301499 17863992 91831692 18949529 10050909 18665763 26301499 17863992 91831692 21483108 70348584 414320 258471 306458 405641 130763 1515653 -4983 1586 5951 -4419 -5895 -7760 1084246 2934895 1190501 1223488 1297658 7730788 101070373 19451699 0.69604 0.67066 X Schedule A, Part II, Line 10 A) Gross Fundraising $132,600 FY10, $1,938,479 FY11, $99,430 FY12, $162,079 FY13, $169,577 FY14; B) Gross Rentals $343,661 FY10, $343,172 FY11, $401,562 FY12, $370,237 FY13, $442,154 FY14; C) Other (Food Service, Parking, Misc) $607,985 FY10, $653,244 FY11, $689,509 FY12, $691,172 FY13, $685,927 FY14. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X 0 18728947 0 2196793 0 609723 0 20316017 17077566 196444 1951619 0 496682 0 18728947 17370190 93317 51828 0 437769 0 17077566 16314528 40885 1375753 0 360976 0 17370190 7068284 8644572 948056 0 346384 0 16314528 0 0.84 0.16 0 0 0 3523259 3523259 0 56726378 24530960 32195418 0 0 0 0 0 5255126 4137056 1118070 0 0 0 0 36836747 Offshore Common Stock Funds Mutual Funds 44727814 F Large Cap Equities Mutual Funds 15464660 F International Equities Mutual Funds 12175522 F Small Cap Equities Mutual Funds 3753619 F Multifamily Portfolio LTD Partnership 1760000 C 77881615 Derivatives Mark to Market 2375704 Rental Deposits 116770 Refundable Advances and Other 1127 2493601 X 26139930 0 73500 0 6374523 6448023 19691907 75705 1079314 1155019 20846926 22327849 73500 0 0 3149521 3223021 19104828 75705 0 75705 19180533 Schedule D, Part III, Line 1 Schedule D, Part III, Line 1 - In conformity with the practice commonly followed by most American art museums, the value of the Museum's collection is not included in the financial statements. Contributions for the purchase of art objects, the proceeds from deaccessions of art and the cost of art objects purchased are reported as other changes in net assets in the statement of activities. The Museum's policy is to maintain and continue to acquire significant works of contemporary art (principally 1945 to present). From time to time, objects may be sold in accordance with the Museum's collection management policy. Deaccessions may result if one of the following conditions has been met: (a) physical condition has deteriorated to a point beyond display or study; or (b) an object is believed to be no longer pertinent to the scope of the Museum's collection. All proceeds realized from deaccessions are allocated to purchase other works of art. Proceeds from deaccessions amounted to $6,980 and $521,995 for the years ended June 30, 2014 and 2013, respectively. Schedule D, Part III, Line 4 The collection is comprised of approximately 6,024 objects in all media created during the twentieth and twenty-first centuries. Through exhibitions, preservation and research, the collection supports the museum's mission to be an innovative and compelling center of contemporary art where the public can directly experience the work and ideas of living artists, and understand the historical, social, and cultural context of the art of our time. Schedule D, Part V, Line 4 The endowment funds are used to support the Museum's operations, subject to a spending policy. The Museum draws 5.0% of the average market value of assets over a 12 quarter period ending with the prior 12/31. Schedule D, Part X, Line 2 The Museum's application of GAAP USA regarding uncertain tax positions had no effect on its financial position as management believes the Museum has no material unrecognized income tax benefits, including any potential risk of loss of its not-for-profit tax status. The Museum would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. However, the Museum has no amounts accrued for interest or penalties as of June 30, 2014 and 2013. There are no ongoing federal, state, or local tax audits; however, the Museum's tax returns for 2010 and subsequent years remain open to examination. Schedule D, Part XI, Line 2d Investment Spending Policy Draw $3,225,000; Rental Expenses $534,353; COGS (Store) $2,604,107; Miscellaneous Expenses $11,063. Schedule D, Part XI, Line 4b Dividends and Interest $130,763; Realized Gains $948,551 Schedule D, Part XII, Line 2d Rental Expenses $534,353; COGS (Store) $2,604,107; Miscellaneous Expenses $11,061. Europe (including Iceland and Greenland) 0 0 Program Services Artist Fees ($21,643) and Honoraria ($44,000) 65643 South America 0 0 Program Services Artist Fees 28000 Central America and the Caribbean Investments Investments in Caravel Fund (Offshore) Ltd $1,500,000; Overlook Partners Fund LP $3,000,000; Park West Partners $3,000,000. 7500000 0 0 7593643 1 0 0 0 0 0 X X X X X X 1 Marts and Lundy 1200 Wall Street West Lyndhurst NJ 07071 Provides fundraising consulting for mail, email, and in person solicitations. 0 0 30225 -30225 Julie Paradise 1445 N STATE PARKWAY APT 1002 Chicago IL 60610 Provides fundraising consulting for mail, email, and in person solicitations. 0 0 5000 -5000 0 35225 -35225 IL Vernissage 120249 70281 49968 0 0 0 50142 0 27739 Baryshnikov 62140 43252 18888 0 0 0 21123 0 1717 0 182389 113533 68856 0 0 0 71265 0 29456 100721 -31865 X X X X 0 0 0 0 0 0 0 0 0 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR AND CHIEF EXECUTIVE OFFICER 451706 0 0 0 0 0 12750 0 9533 0 473989 0 0 JANET ALBERTI DEPUTY DIRECTOR 286654 0 0 0 0 0 12750 0 10866 0 310270 0 0 0 LISA M KEY CHIEF DEVELOPMENT OFFICER AND ASSISTANT SECRETARY 180607 0 0 0 0 0 5350 0 5416 0 191373 0 0 0 MICHAEL DARLING CHIEF CURATOR 183330 0 0 0 0 0 9300 0 13731 0 206361 0 0 Schedule J, Part I, Line 3 The Compensation Committee annually reviews performance, goal achievements, peer data, surveys, etc., when setting the annual salary for the Pritzker Director / Chief Executive Officer. The Committee reviews salaries of senior management and also approves the annual allocation to the staff salary increase pool. The Committee documents its findings in writing, and employees are not present when their compensation is set. Michael O'Grady Trustee and Treasurer 38500 Letter of Credit Fees 0 Schedule L, Part IV A member of the Museum's Board of Trustees is an executive with a financial institution that is a party to the letter of credit. The service was provided at rates consistent with market rates for similar not-for-profits. X 20 0 N/A X 0 N/A X 21 974878 Transferred Value 0 0 1 0 Schedule M, Part I, Line 33 See Schedule D, Part XIII - Supplemental Information Form 990, Part VI, Section A, Line 2 The following trustees have a family relationship: Beatrice C Mayer and Robert Mayer; Judith Neisser and Kate Neisser; Michael Alper and Helyn Goldenberg. The following trustees have a business relationship: Robert Bellick and James Gordan; and Kenneth Griffin and James Gordan. Form 990, Part VI, Section B, Line 11b Review of the IRS Form 990 was delegated to the audit committee. After review a draft copy of Form 990 was emailed to all board members. After a 30 day review period, the Form 990 is then filed electronically with the IRS. Form 990, Part VI, Section B, Line 12c The Museum maintains a Conflict of Interest Policy which applies to all trustees, members of standing committees, as well as senior management and other designated members of staff. The Policy requires that each person to whom the policy applies complete the annual disclosure statement to identify any business, financial or personal interest in matters relating to the Museum. The Policy forbids such individuals from voting on or using their personal influence in connection with such matters. In event the Museum does conduct business with a related party, the financial terms of those relationships are reported annually to the Audit Committee, whose members must be independent per the terms of the charter. Form 990, Part VI, Section B, Line 15 The Compensation Committee annually reviews performance, goal achievement, peer data, surveys, etc., when setting the annual salary for the Pritzker Director / Chief Executive Officer. The Committee reviews salaries of senior management and also approves the annual allocation to the staff salary increase pool. The Committee documents its findings in writing, and employees are not present when their compensation is set. Form 990, Part VI, Section C, Line 19 Upon request, the Museum provides the information. Form 990, Part XI, Line 9 Collection acquisitions ($486,724); Collection deaccessions $6,980; Unrealized loss on Derivatives $173,833, rounding $1.