2014-05-05T15:16:48-05:00 2013-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2012-07-01 362167814 The Newberry Library NEWB 3129439090 60 West Walton Street Chicago IL 60610 James P Burke Jr 3129439090 2014-05-05 1 Wayne Harder P00294296 3126343400 2012 2015-11-30 17:44:51Z The Newberry David Spadafora 60 West Walton Street Chicago IL 60610 16984357 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. 36 36 117 466 0 0 5498181 9732624 1923204 1595658 3815691 2643341 60374 604010 11297450 14575633 709372 712189 0 0 5456811 5617366 0 0 1035450 3968421 4187330 10134604 10516885 1162846 4058748 71211153 79931973 5292551 6902339 65918602 73029634 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 7318883 712189 1602390 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: 861,377Titles cataloged: 10,169Map records added to map catalog: 2,566Volumes added to collection: 10,942Manuscripts added to collection: 482.0 linear feetConservations treatments of book, manuscripts, and maps: 3,239Reader sign-in: 16,064Total materials paged for reader use: 43,783Reference inquiries served: 14,618Instructional sessions offered: 171 sessions, serving 3,501 patronsResearch and Education Division Statistics:Fellowships for research Long-term: 13 Short-term: 43Teacher programs Teacher participants: 942 Exhibitions Gallery attendance: 32,346Adult seminar program Seminar courses: 143 Participants: 1,582 7318883 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 1 1 0 0 0 0 0 0 0 1 283 0 1 117 1 0 0 0 0 0 1 1 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X James P Burke Jr 3122553567 60 W Walton Street Chicago IL 60610 Victoria J Herget 1.00 X X 0 0 0 David C Hilliard 1.00 X X 0 0 0 David E McNeel 1.00 X X 0 0 0 Norman R Bobins 1.00 X X 0 0 0 Paul J Miller 1.00 X X 0 0 0 Roger S Baskes 1.00 X X 0 0 0 Joan Brodsky 1.00 X 0 0 0 T Kimball Brooker 1.00 X 0 0 0 Frank Cicero Jr 1.00 X 0 0 0 David P Earle III 1.00 X 0 0 0 Andrew Fitzgerald 1.00 X 0 0 0 Louise R Glasser 1.00 X 0 0 0 Hanna H Gray 1.00 X 0 0 0 Sue Gray 1.00 X 0 0 0 Mark Hausberg 1.00 X 0 0 0 Sandra L Hindman 1.00 X 0 0 0 Robert H Jackson 1.00 X 0 0 0 Kathryn Gibbons Johnson 1.00 X 0 0 0 D Carroll Joynes 1.00 X 0 0 0 Jonathan Kemper 1.00 X 0 0 0 Lawrence Lipking 1.00 X 0 0 0 Barry L MacLean 1.00 X 0 0 0 Frederick J Manning 1.00 X 0 0 0 James Marrow 1.00 X 0 0 0 Grant Gibson McCullagh 1.00 X 0 0 0 Andrew W McGhee 1.00 X 0 0 0 Andrew McNally IV 1.00 X 0 0 0 Cynthia E Mitchell 1.00 X 0 0 0 John H Noonan 1.00 X 0 0 0 Janis W Notz 1.00 X 0 0 0 Michael Pope 1.00 X 0 0 0 Martha Roth 1.00 X 0 0 0 Rudy L Ruggles Jr 1.00 X 0 0 0 Paul T Ruxin 1.00 X 0 0 0 Richard D Siragusa 1.00 X 0 0 0 Harold B Smith 1.00 X 0 0 0 Jules N Stiffel 1.00 X 0 0 0 Carol Warshawsky 1.00 X 0 0 0 Robert Wedgeworth Jr 1.00 X 0 0 0 David Spadafora 35.00 X 229808 0 31139 James P Burke Jr 35.00 X 166873 0 25988 Michelle Burns 35.00 X 159434 0 25244 Hjordis Halvorson 35.00 X 112145 0 23846 668260 0 106217 4 0 1 0 0 21464 798741 8912419 210707 9732624 Facility Rental 532000 409926 409926 Services to Public 900099 362703 362703 Membership Dues 900099 339230 339230 Registrations 900099 327245 327245 Book Royalties 511130 154913 154913 1641 1641 1595658 1701791 1701791 3176000 2234450 941550 941550 941550 749262 21464 174274 574988 574988 Parking Fees 812930 7665 7665 21357 6732 14625 29022 14575633 1602390 0 3240619 684366 684366 27823 27823 409314 409314 4148334 2826981 764663 556690 214881 128534 54822 31525 530473 326186 138025 66262 314364 200325 74808 39231 49636 49636 153600 101119 52481 740588 550065 15776 174747 87642 72335 3308 11999 569886 275551 207932 86403 70841 63578 7263 837574 636554 167517 33503 163877 155498 8115 264 4120 4120 9392 9392 857552 651740 171510 34302 15705 15705 Book Collections 578273 578273 Other HR Expenses 48644 35835 12285 524 10516885 7318883 2162552 1035450 1287803 1010611 156968 156984 516856 972379 46028 31975 452791 440826 88106 156072 34357793 23765156 9700944 10592637 1627794 0 53264214 62155507 4069649 4414982 71211153 79931973 863054 1200145 3900000 3800000 529497 1902194 5292551 6902339 X 8659605 8168126 11088028 15971353 46170969 48890155 65918602 73029634 71211153 79931973 X 4058748 2760501 291783 X 0 1 X 1 1 1 X 4676902 6194170 8489311 5498181 9732624 34591188 4676902 6194170 8489311 5498181 9732624 34591188 8763980 25827208 2972463 1991046 1661248 2179519 1701791 10506067 93387 140841 58588 60374 29022 382212 45479467 9271095 0.56790 0.56500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 49337000 1739000 5419000 2052000 54443000 53214000 351000 -495000 3733000 49337000 50533000 1383000 1498000 1554000 51860000 46061000 517000 6571000 2616000 50533000 56025000 735000 -9850000 849000 46061000 1.00000 0 0 24477520 18065746 6411774 9880273 5699410 4180863 10592637 MSCI ACWI Ex USA Index NL QP CTF 2271800 F MSCI ACWI Ex USA Index NL QP CTF 16239690 F MSCI United States Index NLIBNL-CMX7 2148069 F US Aggregate Bond Index NL QP CF 16390915 F US Total Market Index Non-Lending QP CTF 17512038 F PIMCO Commodity Real Return 2392562 F Primus High Yield Bond Fund, LP 3483238 F Northern Trust Bond Index 1717195 F 62155507 Bequests Receivable 4327128 Bond Issuance Cost 87854 4414982 Accrued Gift Annuity 502194 Northern Trust Term Note 1400000 1902194 X 17802191 2760501 466057 3226558 14575633 0 14575633 10691159 174274 174274 10516885 0 10516885 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, temporarily restricted for purchase of additional collection items, or added to the permanently restricted endowment for the purchase of 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 1.5 million books, 5 million manuscript pages and 0.5 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. Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Newberry Library is exempt from federal income taxes under Internal Revenue Code (IRC) section 501(c)(3) as a public charity. The Newberry Library is also exempt from Illinois income tax. The Newberry Library files Form 990 (Return of Organization Exempt from Income Tax) annually. When this return is filed, it is highly certain that positions taken would be sustained upon examination by the taxing authorities. Examples of tax positions common to nonprofit organizations include such matters as the following: the tax exempt status of the entity, the continued tax exempt status of bonds issued and various positions relative to potential sources of unrelated business taxable income (UBIT). The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes. At June 30, 2013 no such positions were recognized. Forms 990 are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 174,274. Deferred Giving Arrangements 291,783. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 174,274. 1 Europe (Including Iceland & Greenland) 0 0 Grants to Recipients Located in Region Fellowships for Research 27823 0 0 0 0 0 0 27823 0 27823 Stipends - Fellowship stipends from the Newberry Library are intended to be spent as 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. Europe (Including Iceland & Greenland) - 9 27823 Check 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, 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. Book Fair 179669 19619 160050 7870 78992 Award Dinner 591057 1845 589212 975 86437 770726 21464 749262 8845 165429 174274 574988 1 Stipends - Fellowship stipends from the Newberry Library are intended to be spent as 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. 139 556480 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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. X X X X 0 0 0 0 0 0 0 0 0 David Spadafora 224739 0 0 0 5069 0 13883 0 17256 0 260947 0 0 0 James P Burke Jr 166873 0 0 0 0 0 10319 0 15668 0 192860 0 0 0 Michelle Burns 159434 0 0 0 0 0 9834 0 15410 0 184678 0 0 0 David Spadafora President Mortgage X 500000 440826 0 1 1 440826 X 16 183561 Market Value X Goods 1 27146 Market Value 0 0 1 1 Method for Determining Number of Contributions: Part I, Column (b): The number of contributions column represent the number of contributors. Third Party Use: Part I, Line 32b: Northern Trust Securities sells the donated stocks and bonds received by The Newberry Library. 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 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 librarian." With respect to the Newberry Library's accounting year which ended June 30, 2013, the Executive Committee, acting in executive session, set the compensation of the president and 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, 2013. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Deferred Giving Arrangements 291,783.