2014-10-29T10:17:06-05:00 2013-12-31 990 2013-01-01 363689172 CANTIGNY FOUNDATION CANT 6302608128 1 S 151 WINFIELD ROAD WHEATON IL 60189 MELINDA E ROSEBRAUGH TREASURER 3127155000 2014-10-29 2013 2015-11-30 17:44:51Z DAVID D HILLER 205 N MICHIGAN AVE4300 CHICAGO IL 60601 36488691 0 X WWW.CANTIGNYPARK.ORG X 1989 IL OPERATION OF CANTIGNY PARK, GOLF, AND FIRST DIVISION MUSEUM IN WHEATON, ILLINOIS. HONOR AND UPHOLD THE LAST WILL AND TESTAMENT OF COL. ROBERT R. MCCORMICK, WHICH PROVIDED THAT HIS FORMER RESIDENCE AND 500 ACRES OF LAND IN WHEATON, ILLINOIS BE HELD IN TRUST IN PERPETUITY AS A MUSEUM AND PUBLIC PARK. 6 6 421 180 1299944 -396272 8299038 13240198 3748990 3784274 10128795 8455552 2484765 2471528 24661588 27951552 0 0 0 0 11772818 11975928 0 0 0 7364941 7297407 19137759 19273335 5523829 8678217 226534107 271150883 5011504 5760205 221522603 265390678 X OPERATION OF CANTIGNY PARK, GOLF, AND FIRST DIVISION MUSEUM IN WHEATON, ILLINOIS. HONOR AND UPHOLD THE LAST WILL AND TESTAMENT OF COL. ROBERT R. MCCORMICK, WHICH PROVIDED THAT HIS FORMER RESIDENCE AND 500 ACRES OF LAND IN WHEATON, ILLINOIS BE HELD IN TRUST IN PERPETUITY AS A MUSEUM AND PUBLIC PARK. 0 0 17321309 3784274 OPERATION OF CANTIGNY PARK. PARK OPERATONS INCLUDE TWO MUSEUMS, A 27-HOLE GOLF COURSE, GOLF LEARNING CENTER, 9-HOLE YOUTH GOLF COURSE, CLUBHOUSE, EXTENSIVE GARDENS, A GREENHOUSE, HIKING TRAILS, CHILDREN'S PLAYGROUND, VISITOR CENTER AND RESTAURANTS. IN 2013, OVER 515,000 VISITORS CAME TO ENJOY THE AMENITIES OF CANTIGNY PARK, GOLF, RESTAURANTS AND MUSEUMS. THIS INCLUDES OVER 336,000 VISITORS TO THE PARK AND GARDENS. 17321309 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 27 0 1 421 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X MELINDA E ROSEBRAUGH 6302608128 1 S 151 WINFIELD ROAD WHEATON IL 60189 JAMES DOWDLE DIRECTOR 1.00 3.00 X 20625 35050 0 JOHN MADIGAN DIRECTOR 1.00 3.00 X 20625 35275 0 DENNIS FITZSIMONS DIRECTOR, CHAIRMAN OF THE BOARD 2.00 3.00 X X 20625 36625 0 SCOTT SMITH DIRECTOR 1.00 3.00 X 20625 35125 0 RUTHELLYN MUSIL DIRECTOR 1.00 3.00 X 20625 34375 0 N DON WYCLIFF DIRECTOR 1.00 3.00 X 20625 34375 0 DAVID HILLER PRESIDENT 10.00 30.00 X 110870 332612 67464 LOUIS MARSICO SNR. VP OPERATIONS 26.00 14.00 X 205507 110658 75146 DAVID GRANAT VP, CHIEF INVESTMENT OFFICER 4.00 26.00 X 31777 233030 68890 MELINDA ROSEBRAUGH TREASURER 24.00 16.00 X 95980 63987 51558 DONALD COOKE SNR. VP PHILANTHROPY,SECRETARY 2.00 38.00 X 14536 276174 61406 MICHAEL NASS EXECUTIVE DIRECTOR OF CANTIGNY GOLF 40.00 X 184519 0 55457 PAUL HERBERT EX. DIR CANTIGNY 1ST DIVISION MUSEUM 40.00 X 157635 0 65820 RAYMOND DEBIASE CHIEF INFORMATION OFFICER 15.00 25.00 X 56037 93395 40035 SCOTT WITTE GOLF COURSE SUPERINTENDENT 40.00 X 128906 0 50661 MATTHEW LAFOND EXECUTIVE DIRECTOR OF CANTIGNY PARK 40.00 X 141136 0 52217 OSCAR REGALADO HUMAN RESOURCES DIRECTOR 15.00 25.00 X 48131 80220 56218 CONSTANCE DEMATTIA DIRECTOR OF INSTRUCTION 40.00 X 120677 0 45246 1419461 1400901 690118 9 0 1 0 SIGALOS & ASSOCIATES LTD 915 HAWTHORN DRIVE ITASCA IL 60143 CONSTRUCTION MANAGEMENT 645643 RIGHTPOINT 29 N WACKER DRIVE 4TH FLOOR CHICAGO IL 60606 WEBSITE REDEVELOPMENT 138406 2 51591 13179082 9525 13240198 GOLF AND GOLF ACADEMY REVENUE 713910 3143207 3143207 PARKING FEES 812930 301760 301760 YOUTH LINKS 713910 299882 299882 39425 39425 3784274 4242449 4242449 200564 33642 166922 166922 166922 11545265 7332162 4213103 4213103 4213103 3475941 1171335 2304606 1299944 1004662 27951552 3784274 1299944 9627136 1153833 577391 576442 7354718 6894313 460405 821188 769782 51406 1984873 1860620 124253 661316 619918 41398 74741 74741 36626 36626 82233 82233 427999 315126 112873 433576 433576 111438 102964 8474 106085 99444 6641 2221434 2082372 139062 110550 94373 16177 40241 18348 21893 2650393 2484478 165915 529324 496188 33136 EXHIBITS AND PROGRAMS 467153 467153 5614 5263 351 19273335 17321309 1952026 0 3484021 3670794 568004 565309 243892 279861 211022 287132 72578137 43595750 29715709 28982387 53809648 61121518 134041853 170813342 4459958 5430540 226534107 271150883 5011504 5760205 5011504 5760205 X 220683603 264551678 839000 839000 221522603 265390678 226534107 271150883 8678217 35189858 0 X 0 1 X 1 0 X 9558545 2812 14072153 8299038 13240198 45172746 5972381 5017931 5081524 5543487 5502022 27117345 15530926 5020743 19153677 13842525 18742220 72290091 0 0 0 72290091 2546480 2708336 3972520 4032126 4443013 17702475 2546480 2708336 3972520 4032126 4443013 17702475 18077406 7729079 23126197 17874651 23185233 89992566 0.80330 0.81510 0.19670 0.18490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 839000 839000 839000 839000 839000 839000 839000 839000 839000 839000 1.00000 0 0 1323205 1323205 40774101 21505112 19268989 10856905 9214378 1642527 19623926 12876260 6747666 28982387 INTERNATIONAL EQUITY INDEX FUND 53243577 F DOMESTIC EQUITY INDEX FUND 117569765 F 170813342 X 64346387 35189858 35189858 29156529 -1204977 -1204977 27951552 20478312 1204977 1204977 19273335 0 19273335 PART III, LINE 1A: "THE FOUNDATIONS' PERMANENT COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS FROM BENEFACTORS SINCE THE FOUNDATIONS' INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. THE FOUNDATIONS' COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITIONS ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO THE FOUNDATIONS' POLICY THAT ALLOWS PROCEEDS FROM THEIR SALES OR INSURANCE RECOVERIES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS OR TO BE RECORDED AS INCREASES IN NET ASSETS." PART III, LINE 4: THE ROBERT R. MCCORMICK MUSEUM MAINTAINS COLLECTIONS THAT DEPICT THE LIFE AND TIMES OF ITS BENEFACTOR, COLONEL ROBERT R. MCCORMICK. THE COLLECTIONS OF THE FIRST DIVISION MUSEUM INCLUDE PRIMARILY MEMORABILIA OF THE FIRST INFANTRY DIVISION OF THE UNITED STATES ARMY AND CHICAGO TRIBUNE RECORDS. THE LAST WILL AND TESTAMENT OF COLONEL MCCORMICK PROVIDED THAT HIS FORMER RESIDENCE AND 500 ACRES OF LAND BE HELD IN TRUST IN PERPETUITY AS A MUSEUM AND PUBLIC PARK. THE DISPLAY OF THESE COLLECTIONS DIRECTLY RELATES TO THE MISSION OF THE FOUNDATION TO HONOR AND UPHOLD THE PROVISIONS OF THE COLONEL'S WILL. PART V, LINE 4: THE LAST WILL AND TESTAMENT OF COLONEL ROBERT R. MCCORMICK PROVIDED THAT 500 ACRES OF LAND IN WHEATON, ILLINOIS BE HELD IN TRUST IN PERPETUITY AS A PUBLIC PARK. THE ORIGINAL COST BASIS OF THE LAND HAS BEEN RECORDED AND IS REFLECTED IN THE FINANCIAL STATEMENTS AS AN $839,000 PERMANENTLY RESTRICTED ASSET. PART X, LINE 2: "THE FOUNDATIONS HAVE RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE STATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FASB HAS ISSUED GUIDANCE THAT REQUIRES THE TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTORITY. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE FINANCIAL STATEMENTS. THERE IS NO INTEREST OR PENALITIES RECOGNIZED IN THE STATEMENT OF ACTIVITIES OR STATEMENT OF FINANCIAL POSITION. THE TAX YEARS ENDED 2010, 2011,2012 AND 2013 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES." PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD - $1,171,335 AND RENTAL EXPENSES - $33,642. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - $1,171,335 AND RENTAL EXPENSES - $33,642. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID HILLER PRESIDENT 98077 294233 0 0 12793 38379 12255 36763 4612 13834 127737 383209 0 0 LOUIS MARSICO SNR. VP OPERATIONS 183602 98863 0 0 21905 11795 31862 17156 16983 9145 254352 136959 0 0 DAVID GRANAT VP, CHIEF INVESTMENT OFFICER 29570 216848 0 0 2207 16182 5882 43136 2385 17487 40044 293653 0 0 MELINDA ROSEBRAUGH TREASURER 88555 59037 0 0 7425 4950 19582 13054 11353 7569 126915 84610 0 0 DONALD COOKE SNR. VP PHILANTHROPY,SECRETARY 13864 263409 0 0 672 12765 1516 28800 1555 29535 17607 334509 0 0 MICHAEL NASS EXECUTIVE DIRECTOR OF CANTIGNY GOLF 176597 0 0 0 7922 0 36915 0 18542 0 239976 0 0 0 PAUL HERBERT EX. DIR CANTIGNY 1ST DIVISION MUSEUM 150042 0 0 0 7593 0 31697 0 34123 0 223455 0 0 0 RAYMOND DEBIASE CHIEF INFORMATION OFFICER 55518 92529 0 0 519 866 5720 9532 9294 15489 71051 118416 0 0 SCOTT WITTE GOLF COURSE SUPERINTENDENT 122511 0 0 0 6395 0 22497 0 28164 0 179567 0 0 0 MATTHEW LAFOND EXECUTIVE DIRECTOR OF CANTIGNY PARK 134813 0 0 0 6323 0 25953 0 26264 0 193353 0 0 0 OSCAR REGALADO HUMAN RESOURCES DIRECTOR 45372 75621 0 0 2759 4599 9989 16649 11093 18487 69213 115356 0 0 CONSTANCE DEMATTIA DIRECTOR OF INSTRUCTION 120638 0 0 0 39 0 19227 0 26019 0 165923 0 0 0 PART I, LINE 4 PART I LINE 1A IN AN EFFORT TO PROMOTE A HEALTHY LIFESTYLE, REIMBURSEMENT OF A PERCENTAGE OF HEALTH CLUB DUES AND INITIATION FEES (WITHIN CERTAIN LIMITS) IS A TAXABLE BENEFIT AVAILABLE TO ALL BENEFIT ELIGIBLE EMPLOYEES OF THE FOUNDATION. IN 2013 THE FOUNDATION'S PRESIDENT AND SENIOR VICE PRESIDENT OF PHILANTHROPY WERE REIMBURSED FOR SOCIAL CLUB DUES AS THEY RELATED TO FOUNDATION BUSINESS IN ACCORDANCE WITH FOUNDATION POLICY. THE REIMBURSEMENTS WERE NOT TREATED AS TAXABLE COMPENSATION. AS PART OF THE 500 ACRE ESTATE'S MAINTENANCE AND SECURITY PLAN, THE CANTIGNY FOUNDATION PROVIDES HOUSING FOR CERTAIN POSITIONS. BOARD MANDATED RESIDENCY OF THESE POSITIONS IS AN INTEGRAL PART OF THE SECURITY PLAN. THE VALUE OF THIS HOUSING FOR 2013 IS AS FOLLOWS: P. HERBERT, EXECUTIVE DIRECTOR CANTIGNY FIRST DIVISION MUSEUM - $25,800. X 116 0 0 1 0 PART I, LINE 33: PART 1 A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE MUSEUMS DID NOT CAPITALIZE THEIR COLLECTIONS, AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION B, LINE 11 AFTER THE FORM 990 HAS BEEN COMPLETED, THE SENIOR VICE PRESIDENT OF OPERATIONS REVIEWS THE DOCUMENT. ONCE THE SENIOR VICE PRESIDENT IS SATISFIED THAT THE RETURN HAS BEEN ACCURATELY COMPLETED IN ACCORDANCE WITH IRS INSTRUCTIONS, THE RETURN IS REVIEWED FOR IRS COMPLIANCE BY THE FOUNDATION'S LEGAL COUNSEL. BEFORE FILING THE RETURN, THE SIGNIFICANT 990 COMPONENTS AND FORM CHANGES ARE SUMMARIZED FOR THE BOARD OF DIRECTORS. THE TREASURER AND FOUNDATION'S LEGAL COUNSEL DISCUSS AND REVIEW THE 990 TAX RETURN WITH, AND A COPY OF THE RETURN IS PROVIDED TO, THE BOARD OF DIRECTORS DURING THEIR REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND ANNUAL DISCLOSURE STATEMENTS ARE DISTRIBUTED TO EMPLOYEES AND BOARD MEMBERS. CONFLICT OF INTEREST DISCLOSURE STATEMENTS MUST BE COMPLETED EACH YEAR BY ALL BENEFIT-ELIGIBLE EMPLOYEES AND DIRECTORS AND RETURNED TO THE COMPLIANCE OFFICER FOR REVIEW. IF THE COMPLIANCE OFFICER DETERMINES THAT THERE IS IN FACT A CONFLICT OF INTEREST INVOLVING AN EMPLOYEE, THE MATTER IS DISCLOSED TO THE BOARD OF DIRECTORS. CONFLICTS IDENTIFIED INVOLVING A BOARD MEMBER ARE REFERRED TO LEGAL COUNSEL. ADDITIONALLY, THROUGHOUT THE YEAR, ANY THIRD PARTY INTERACTIONS THAT MAY GIVE RISE TO THE APPEARANCE OF A CONFLICT OF INTEREST MUST BE REPORTED TO THE COMPLIANCE OFFICER WITHIN ONE WEEK OF OCCURRENCE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO AND EXECUTIVE TEAM MAKE KEY EMPLOYEE SALARY RECOMMENDATIONS TO THE BOARD OF DIRECTORS BASED ON PERFORMANCE EVALUATIONS, COST OF LIVING CHANGES, MARKET COMPARABILITY DATA, AND BUDGET CONSTRAINTS. PROFILES ARE PREPARED FOR EACH VICE PRESIDENT AND KEY EMPLOYEE INCLUDING THEIR CURRENT SALARY, MARKET COMPARABILITY DATA, AND RECOMMENDED SALARY FOR THE FOLLOWING YEAR. THE BOARD REVIEWS THE PROFILES AND APPROVES/DISAPPROVES THE RECOMMENDATIONS. A PROFILE IS ALSO PREPARED FOR THE CEO POSITION, HOWEVER NO SALARY RECOMMENDATION IS MADE. THE BOARD REVIEWS THE PROFILES, DISCUSSES THE INFORMATION BASED ON THE FACTORS NOTED ABOVE AND AGREES ON AN ANNUAL SALARY FOR EACH MEMBER OF THE EXECUTIVE TEAM AND THE CEO. THE APPROVED SALARIES ARE COMMUNICATED BY THE BOARD OF DIRECTORS TO HUMAN RESOURCES IN WRITING AND DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO ALL EMPLOYEES ON THE FOUNDATION'S EMPLOYEE WEBSITE. THIS POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE OR UPON REQUEST. ROBERT R MCCORMICK FOUNDATION 205 N MICHIGAN AVENUE SUITE 4300 CHICAGO IL 60601 363689171 GRANTMAKING IL 501(C)(3) 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0