2014-08-13T14:41:59-05:00 2013-12-31 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 28th Floor Chicago IL 606015927 990 2013-01-01 363480353 Chicago Public Library Foundation % BETH ZACHARA CHIC 3122019830 20 North Michigan Ave Suite 520 Chicago IL 60602 RHONA FRAZIN President & CEO 3122019830 2014-08-12 true Mark Heroux 3127298000 2013 2015-11-30 17:44:51Z Rhona Frazin 20 North Michigan Ave Chicago IL 60602 10646721 false X www.chicagopubliclibraryfoundation.org X 1986 IL ENRICHING RESOURCES, TECHNOLOGY AND PROGRAMS AT CHICAGO PUBLIC LIBRARY'S 79 BRANCHES. 51 49 7 94 0 3474806 6667445 0 0 285052 552133 -216135 -214547 3543723 7005031 0 0 0 0 740787 789052 44154 44956 737084 4454374 5795741 5239315 6629749 -1695592 375282 28637887 33248086 91362 473067 28546525 32775019 TO PROVIDE PRIVATE RESOURCES FOR THE COLLECTIONS, PROGRAMS AND TECHNOLOGY THAT CONNECT ALL CHICAGOANS TO LIFELONG LEARNING OPPORTUNITIES AT THE CHICAGO PUBLIC LIBRARY. false false 2445076 HELP CHILDREN BUILD ACADEMIC SUCCESS AND A LOVE OF READING THROUGH FAMILY SUMMER READING PROGRAM, TEEN LEARNING, EARLY LITERACY, GREAT KIDS READ, SCIENCE CONNECTIONS AND TEACHERS IN THE LIBRARY. OVER 200,000 BENEFITED. 2335931 PROVIDE FUNDING FOR PUBLIC ACCESS TO INFORMATION RESOURCES AND TECHNOLOGY, INCLUDING CYBERNAVIGATORS, AS WELL AS MARKETING AND EVALUATION INITIATIVES TO KEEP THE CHICAGO PUBLIC LIBRARY RELEVANT TO THE LIVES OF ALL CHICAGOANS. OVER 4 MILLION BENEFITED. 595171 EXPAND LIBRARY COLLECTIONS AND CREATE OPPORTUNITIES TO DISCUSS BOOKS AND IDEAS THROUGH PROGRAMS SUCH AS ONE BOOK, ONE CHICAGO. OVER 100,000 BENEFITED. 5376178 true true false false false false true false true true false false false false true true false false false false false false true true false false false false true false false false false false false false true true false false false false false false false false true 36 0 7 true false false false false false true true false false false false X 51 49 false false true 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 Alden Director 1.0 X Sherry Barrat Vice Chair 2.0 X John L Brennan Vice Chair 2.0 X X Michael W Brennan Director 1.0 X Calvin G Butler Jr Director 1.0 X Marcy R Carlin Director 1.0 X Michelle L Collins Vice Chair 2.0 X X James R Donnelley Past Chairman 5.0 X X Paul H Dykstra Director 1.0 X Sondra B Epstein Director 1.0 X Linda Hefner Director 1.0 X David F Heroy Director 1.0 X Leslie S Hindman Director 1.0 X Joanne Chun Hughes Director 1.0 X William V Krehbiel Director 1.0 X John D LaSage Director 1.0 X Donna LaPietra Director 1.0 X James H Lowry Life Director 1.0 X Cheryl Mayberry McKissack Director 1.0 X Kay Levi Pick Director 1.0 X Stephen Platcow Director 1.0 X Cindy Pritzker Chairman Emeritus 1.0 X X Gregory Purcell Director 1.0 X John Rau Director 1.0 X A Kelly Ryan Director 1.0 X Bruce Sagan Secretary 2.0 X X Rodd Schreiber Director 1.0 X Charlie A Schrock Director 1.0 X Maureen Dwyer Smith Director 1.0 X Linda J Stephans Director 1.0 X Dia S Weil Director 1.0 X Robert A Wislow Chairman 5.0 X X Frances R Dittmer Life Director 1.0 X Leslie S Douglass Life Director 1.0 X James F Feldstein Life Director 1.0 X Marshall Field Life Director 1.0 X Stanley M Freehling Life Director 1.0 X J Ira Harris Life Director 1.0 X Frank A Rossi Life Director 1.0 X Ella D Strubel Life Director 1.0 X Audrey Bables Tuggle Life Director 1.0 X Rhona Frazin President and CEO 40.0 0.0 X X 196000 0 36055 Thomas M Carroll Director 1.0 X David R Casper Vice Chair 2.0 X X DAVID A DOHNALEK DIRECTOR 1.0 X KAREN J GREEN DIRECTOR 1.0 X JOHN J GRESENS DIRECTOR 1.0 X SUREN GUPTA DIRECTOR 1.0 X LINDA JOHNSON RICE DIRECTOR 1.0 X Kandace Heck Director 1.0 X Sheila Owens Director 1.0 X 196000 0 36055 1 false true false 0 1187343 5480102 35365 6667445 0 364759 364759 0 0 0 0 0 3510211 3322837 187374 187374 187374 97500 1187343 318853 -221353 -221353 0 0 MISCELLANEOUS INCOME 900099 6806 6806 6806 7005031 337586 0 0 0 0 232055 97733 134322 0 384045 161745 222300 61610 25948 35662 69330 29199 40131 42012 17694 24318 0 4123 2925 1198 43523 43523 0 44956 44956 0 1693885 1593230 48067 52588 447717 360082 7169 80466 7169 2554 4615 266389 256741 3846 5802 0 41403 18030 23373 131518 111468 14397 5653 0 19182 6414 4549 8219 0 0 0 9032 3613 5419 CYBERNAVIGATORS 1235944 1235944 PRINTING & DESIGN 163039 163039 TEACHERS IN THE LIBRARY 703849 703849 BOOKS/SUBSCRIPTIONS/PUBLICATIO 267371 264741 53 2577 761597 680670 35442 45485 6629749 5376178 516487 737084 50825 257263 221194 313067 513509 2420736 0 0 0 0 0 0 0 0 0 0 15743 5176 50148 50148 0 23874662 30223506 3957738 24976 0 0 0 0 4216 3362 28637887 33248086 91362 473067 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 91362 473067 X 13956041 17094017 5948602 7039120 8641882 8641882 28546525 32775019 28637887 33248086 375282 3733504 150806 -31098 X false true X true false X 3813831 5743438 3951641 3474806 6667455 23651171 0 0 3813831 5743438 3951641 3474806 6667455 23651171 2991246 20659925 302731 279184 278346 281465 364759 1506485 0 4448 98924 81543 93014 104306 382235 25539891 0.80893 0.90965 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false false false 12778070 522906 1210627 12090349 13682218 253447 30000 1127595 12778070 16566841 8 -1714802 1169829 13682218 16933104 7818 789927 1164008 16566841 17602017 216081 273368 1158362 16933104 0.08600 0.91400 false false 50148 50148 0 0 X 10858243 3733504 150806 3884310 6973933 31098 31098 7005031 6749457 150806 150806 6598651 31098 31098 6629749 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 V: The endowment fund has been restated to include unrestricted, temporarily restricted, and permanently restricted funds. FIN 48 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, 2013 and 2012. 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 2010 and thereafter are open to examination by federal and state authorities. X X X X X X X true Carol Fox Assoc 1412 W Belmont Ave Chicago IL 60657 CSLA Dinner false 1284843 44956 1239887 1284843 44956 1239887 CSLA DINNER 1284843 1187343 97500 22500 124637 800 170916 1 1284843 1187343 97500 22500 124637 800 170916 318853 -221353 X true true X false false false false false false false false false Rhona Frazin President and CEO 196000 0 0 0 19600 16455 232055 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 28558 Rent & maintenance work orders false US Equities Asset Management LLC % owned by Robert Wislow 135130 CPL-YOUMedia security services false X 35365 FMV false false false Form 990, Part VI, Section A, Line 4: By-laws were amended and restated. Changes were voted on and approved at 6/11/13 board meeting. 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 B, Line 19: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WILL BE PROVIDED UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:MODERATORS TOTAL FEES:183013 FORM 990 PART IX LINE 11G DESCRIPTION:INVESTMENT CONSULTANTS TOTAL FEES:20000 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER SERVICES TOTAL FEES:1490872 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:HONORARIA TOTAL EXPENSES:265757 PROGRAM SERVICES:265757 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:COPIER TOTAL EXPENSES:5369 MANAGEMENT AND GENERAL:2072 FUNDRAISING:3297 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DUES TOTAL EXPENSES:13345 PROGRAM SERVICES:281 MANAGEMENT AND GENERAL:2095 FUNDRAISING:10969 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SPECIAL EVENTS TOTAL EXPENSES:312900 PROGRAM SERVICES:312900 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE TOTAL EXPENSES:13420 PROGRAM SERVICES:979 MANAGEMENT AND GENERAL:1243 FUNDRAISING:11198 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DONATED SERVICES TOTAL EXPENSES:150806 PROGRAM SERVICES:100753 MANAGEMENT AND GENERAL:30032 FUNDRAISING:20021