2013-08-14T11:03:08-05:00 2012-12-31 GRANT THORNTON LLP 175 W JACKSON BLVD STE 2000 CHICAGO IL 60604 990 2012-01-01 362167797 Museum of Science and Industry % KATHERINE GARANT MUSE 7736849844 57th Street and Lake Shore Drive Suite Chicago IL 606372093 KATHERINE GARANT 7736849844 2013-08-07 true DANIEL ROMANO 3128560200 2012 2016-02-25 16:41:14Z David Mosena 57th Street and Lake Shore Dr Chicago IL 606372093 59219190 false X WWW.MSICHICAGO.ORG X 1933 IL Museum of Science and Industry seeks to further public understanding of science, technology and industry by providing visitors with integrated learning experiences. 117 113 467 596 1211320 24941604 25825598 19087744 17845068 4426043 3184504 4779261 4383417 53234652 51238587 7495 7500 0 0 23974606 24724812 43307 60517 5240310 40628139 37455860 64653547 62248689 -11418895 -11010102 290457111 279127347 84579902 77790631 205877209 201336716 X ONE OF THE LARGEST SCIENCE MUSEUMS IN THE WORLD, THE MUSEUM OF SCIENCE AND INDUSTRY, CHICAGO (MSI) IS HOME TO MORE THAN 35,000 ARTIFACTS AND NEARLY 14 ACRES OF HANDS-ON EXHIBITS AND EXPERIENCES DESIGNED TO SPARK SCIENTIFIC INQUIRY AND CREATIVITY. MSI OPENED ITS DOORS IN 1933 AS ONE OF THE FIRST HANDS-ON INTERACTIVE MUSEUMS IN THE WORLD, AND IT HAS WELCOMED ALMOST 180 MILLION GUESTS SINCE THEN WITH THE MISSION TO INSPIRE THE INVENTIVE GENIUS IN EVERYONE. IN LINE WITH MSI'S MISSION IS ITS CURRENT VISION: TO INSURE AND MOTIVATE CHILDREN TO ACHIEVE THEIR FULL POTENTIAL IN SCIENCE, TECHNOLOGY, MEDICINE AND ENGINEERING. MORE THAN 300,000 STUDENTS MAKE UP THE MORE THAN 1.5 MILLION GUESTS THAT VISIT ANNUALLY. THROUGH ITS CENTER FOR ADVANCEMENT OF SCIENCE EDUCATION (CASE), MSI REACHES THOUSANDS OF STUDENTS AND TEACHERS EACH YEAR THROUGH SPECIAL PROGRAMS, LEARNING LABS, EDUCATOR COURSES AND MORE. false false 23945216 9204993 Museum and Operations, which include Program Support Services and Exhibit Maintenance. These expenses support the Museum's vision of inspiring and motivating children to achieve their full potential in science, technology, medicine and engineering by providing guests and teachers with integrated learning experiences and programming that is centered on exciting and interactive exhibits that help explain how science directly impacts our daily lives. 7686206 4219823 Public Programs and Exhibits. The Museum of Science and Industry (MSI) features groundbreaking exhibits and hands-on experiences that inspire guests to learn more and leave inspired. Key Museum exhibits include Science Storms, which uses large recreations of natural phenomena to teach basic scientific principles; YOU! The Experience, an interactive exhibit examining human health and celebrating the experience of life itself; the U-505 Submarine, the only German Submarine captured in World War II; Earth Revealed, which teaches about the forces at work on our planet in a facilitated experience; Fast Forward, an exhibit that demonstrates the cutting-edge work being done today in the areas of science, medicine and technology; and Smart Home: Green + Wired, a fully functioning eco-friendly home built on the Museum's grounds. Public programming reinforces key themes and concepts in a fun and enriching way. It includes not only facilitated demonstrations in exhibit areas, but also guest lectures and presentations by key scientists, astronauts, historians, architects and more. 5040136 7500 724583 Educational Programs and Activities. The Museum's Center for the Advancement of Science Education (CASE) impacts guests and students in the building and in their communities in a variety of ways. MSI offers live science demonstrations, facilitated learning labs for school groups, free teacher development and training, online experiments and lesson plans, after-school science club networks in underserved communities, and a club for teens that helps them learn science skills as they prepare for college. 2462250 3722804 39133808 true true false true false false false true false true true true false false true true true false false false true false false true true false false false true true true false false false false false false false false false true true false false false false false false false false true 162 0 true 467 true true true false false false false true true false false false false X 117 113 true false false false false false false true true false false true true true true true true true true false CA FL IL MI NY OH WI X KATHERINE GARANT 7739473748 57TH STREET AND LAKE SHORE DRIVE Chicago IL 606372093 Jeffrey S Aronin 1.0 X 0 0 0 William C Bartholomay 1.0 X 0 0 0 Michael J Birck 1.0 X 0 0 0 Charles K Bobrinskoy 1.0 X 0 0 0 Barbara L Bowles 1.0 X 0 0 0 Allan E Bulley Jr 1.0 X 0 0 0 Rhett W Butler 1.0 X 0 0 0 Martin Cabrera Jr 1.0 X 0 0 0 John A Canning Jr 1.0 X 0 0 0 Peter R Carney 1.0 X 0 0 0 Jay Christopher 1.0 X 0 0 0 Alison L Chung 1.0 X 0 0 0 Frank M Clark 1.0 X 0 0 0 Frank W Considine 1.0 X 0 0 0 Stanton R Cook 1.0 X 0 0 0 Christopher M Crane 1.0 X 0 0 0 James S Crown 1.0 X 0 0 0 Lester Crown 1.0 X 0 0 0 Dr Victor J Danilov 1.0 X 0 0 0 Robert J Darnall 1.0 X 0 0 0 Kent P Dauten 1.0 X 0 0 0 Christa Davies 1.0 X 0 0 0 Deborah L DeHaas 1.0 X 0 0 0 William J Devers Jr 1.0 X 0 0 0 David E Donovan 1.0 X 0 0 0 James C Dowdle 1.0 X 0 0 0 James J Drury III 1.0 X 0 0 0 W James Farrell 1.0 X 0 0 0 Michael W Ferro Jr 1.0 X 0 0 0 Dennis J FitzSimons 1.0 X 0 0 0 Jere D Fluno 1.0 X 0 0 0 William C Foote 1.0 X 0 0 0 James J Fuentes 1.0 X 0 0 0 Mark F Furlong 1.0 X 0 0 0 Matthew R Gibson 1.0 X 0 0 0 Ronald J Gidwitz 1.0 X 0 0 0 James T Glerum 1.0 X 0 0 0 William M Goodyear 1.0 X 0 0 0 James A Gordon 1.0 X 0 0 0 David W Grainger 1.0 X 0 0 0 James A Gray 1.0 X 0 0 0 J Ira Harris 1.0 X 0 0 0 Jay L Henderson 1.0 X 0 0 0 Roberto R Herencia 1.0 X 0 0 0 Betsy D Holden 1.0 X 0 0 0 Richard M Jaffee 1.0 X 0 0 0 James R Kackley 1.0 X 0 0 0 Dr James S Kahn 1.0 X 0 0 0 Edward L Kaplan 1.0 X 0 0 0 John P Keller 1.0 X 0 0 0 Michael P Krasny 1.0 X 0 0 0 Frederick A Krehbiel 1.0 X 0 0 0 Avis LaVelle 1.0 X 0 0 0 Dr Leon M Lederman 1.0 X 0 0 0 Eric P Lefkofsky 1.0 X 0 0 0 Richard H Lenny 1.0 X 0 0 0 Russell E Levine 1.0 X 0 0 0 Charles A Lewis 1.0 X 0 0 0 Edward M Liddy 1.0 X 0 0 0 H John Livingston 1.0 X 0 0 0 Robert A Livingston 1.0 X 0 0 0 Charles S Locke 1.0 X 0 0 0 Frank W Luerssen 1.0 X 0 0 0 Barry L MacLean 1.0 X 0 0 0 Timothy P Maloney 1.0 X 0 0 0 Dr Thomas L Martin Jr 1.0 X 0 0 0 Dr Walter E Massey 1.0 X 0 0 0 Andrew J McKenna 1.0 X 0 0 0 Robert S Morrison 1.0 X 0 0 0 William L Morrison 1.0 X 0 0 0 David Mosena 35.0 X X 554863 0 32438 Robert S Murley 1.0 X 0 0 0 Terry E Newman 1.0 X 0 0 0 John D Nichols 1.0 X 0 0 0 James J O'Connor 1.0 X 0 0 0 William A Osborn 1.0 X 0 0 0 Walter R Peirson 1.0 X 0 0 0 Sheila A Penrose 1.0 X 0 0 0 Cindy Pritzker 1.0 X 0 0 0 Jason Pritzker 1.0 X 0 0 0 Scott A Rafferty 1.0 X 0 0 0 J Christopher Reyes 1.0 X 0 0 0 Larry D Richman 1.0 X 0 0 0 Desiree Rogers 1.0 X 0 0 0 Jesse H Ruiz 1.0 X 0 0 0 James T Ryan 1.0 X 0 0 0 Michael J Sacks 1.0 X 0 0 0 John F Sandner 1.0 X 0 0 0 Ronald M Saslow 1.0 X 0 0 0 Rouhy J Shalabi 1.0 X 0 0 0 Alejandro Silva 1.0 X 0 0 0 Louis A Simpson 1.0 X 0 0 0 James A Skinner 1.0 X 0 0 0 Jeffrey A Smisek 1.0 X 0 0 0 Gregory D Smith 1.0 X 0 0 0 Melody A Spann-Cooper 1.0 X 0 0 0 J Douglas Sparkman 1.0 X 0 0 0 David B Speer 1.0 X 0 0 0 Robert Y Sperling 1.0 X 0 0 0 S Jay Stewart 1.0 X 0 0 0 Michael Tang 1.0 X 0 0 0 Mark A Thierer 1.0 X 0 0 0 Cedric D Thurman 1.0 X 0 0 0 Glenn F Tilton 1.0 X 0 0 0 Eugene A Tracy 1.0 X 0 0 0 Dr John J Tracy 1.0 X 0 0 0 Arthur R Velasquez 1.0 X 0 0 0 David J Vitale 1.0 X 0 0 0 Ralph Wanger 1.0 X 0 0 0 Gregory D Wasson 1.0 X 0 0 0 Dr Arnold R Weber 1.0 X 0 0 0 William L Weiss 1.0 X 0 0 0 Miles D White 1.0 X 0 0 0 Ann C Williams 1.0 X 0 0 0 Thomas J Wilson 1.0 X 0 0 0 David F Zucker 1.0 X 0 0 0 Neal S Zucker 1.0 X 0 0 0 Eileen Cabrera 35.0 X 85798 0 12227 Sheila Cawley 35.0 X 156679 0 14821 Robert Fisher 35.0 X 225261 0 26422 Robert J Gallas Jr 35.0 X 193589 0 7121 Andrea Ingram 35.0 X 208100 0 13246 Kurt Haunfelner 35.0 X 231813 0 11581 Katherine Garant 35.0 X 145154 0 23452 David Hanses 35.0 X 157824 0 15481 Duncan Harris 35.0 X 171292 0 5139 Denise Johnson 35.0 X 133293 0 14875 Edward McDonald 35.0 X 126719 0 20623 2390385 0 197426 31 false true false AlliedBarton Security Services LLC PO Box 828854 PHILADELPHIA PA 19182 Security 1209679 Sodexo America LLC 5700 S Lake Shore Dr CHICAGO IL 60637 Catering 1080629 Evidence Design 45 Main St Ste 1014 BROOKLYN NY 11201 Graphic Design 435506 MB Exhibition LLC 75 W 5th St Ste 432 ST PAUL MN 55102 Exhibit Licensing 205603 Digital Hub 1040 N Halsted CHICAGO IL 60642 Printing 202975 13 1722715 2925026 6824764 14353093 6715672 25825598 GENERAL ADMISSIONS 900099 9204993 9204993 SPECIAL EXHIBITS 900099 1798687 1798687 MEMBERSHIP FEES 900099 1451264 1451264 OMNIMAX THEATER 900099 1263634 1263634 U-505 PERMANENT EXHIBITS 900099 1227860 1227860 2898630 2898630 17845068 2416373 2416373 0 54501 54501 841328 628951 212377 0 212378 212378 6681133 353 5913355 767778 353 768131 768131 116713 2925026 1128961 -1012248 -1012248 8750 17269 -8519 -8519 721335 292067 429268 399202 30067 PARKING AND OTHER GUEST SERVICES 900099 2289315 2289315 FOOD COURT 722514 1026742 1026742 SPONSORSHIP REVENUES 900099 687000 687000 704980 27135 599740 78105 4708037 51238587 17872203 1211320 6329467 0 7500 7500 0 0 1570305 439913 973713 156679 0 18394639 11735799 4285382 2373458 226112 148659 68157 9296 3125797 1668423 1075269 382105 1407959 762821 473860 171278 363999 330699 33300 285690 285690 176794 176794 96252 96252 60517 60517 784610 784610 3323503 2205071 892497 225935 3401672 71258 3300247 30167 2250942 1025281 462534 763127 836122 185837 626866 23419 0 1490849 1165811 325038 422672 251352 98128 73192 0 0 963733 13895 949838 0 15300501 15300501 284018 284018 BANK FEES/CREDIT CARD FEES 1229244 1229244 TRAINING/RECRUITMENT 746615 248041 359797 138777 BUILDING MAINTENANCE 867160 665586 201574 PROGRAM DEVELOPMENT 849662 258173 119715 471774 3781822 2649187 901601 231034 62248689 39133808 17874571 5240310 X 2987327 5257884 7315317 4435295 25044005 18686582 1503407 1684999 0 0 0 0 0 0 460746 415999 1008578 953926 347110463 177758601 179625603 169351862 37803727 43165338 33065689 33388727 0 0 0 0 1642712 1786735 290457111 279127347 5744528 4493085 0 0 1869471 2004113 9301000 5660000 0 0 0 0 64639302 62558869 0 0 3025601 3074564 84579902 77790631 X 157216737 152282567 43175472 43569149 5485000 5485000 205877209 201336716 290457111 279127347 X -11010102 6684391 -229734 0 0 14952 X false true X true false X 51192090 35056094 32691579 24941604 25825598 169706965 0 0 51192090 35056094 32691579 24941604 25825598 169706965 35923896 133783069 2335610 3746287 2405226 2115097 2470874 13073094 0 2953307 3681766 3768020 4216928 4206625 18826646 201606705 85732410 0.66358 0.67432 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 225224 false false 225224 false Paid Staff or Management Schedule C, Part II-B, Line 1b Make direct contact with covered federal and state officials as it relates to the Museum's needs. Direct Contact Schedule C, Part II-B, Line 1g Strategic counsel, government affairs and lobbying. Description of Lobbying Schedule C, Part II-B Capstone National Partners provides the Museum of Science and Industry with strategic counsel, government affairs and lobbying services. X false 5337999 640276 230292 5747983 5845132 -298249 208884 5337999 5514447 0 599415 0 268730 0 5845132 4597491 0 1604030 687074 0 5514447 985000 5000000 -1330674 0 56835 0 4597491 0.95425 0.04575 false false 130285325 50556369 79728956 0 7153782 5991321 1162461 0 209671356 121210911 88460445 169351862 FIXED INCOME FUNDS 22315661 F EQUITY FUNDS - DOMESTIC 11073066 F 33388727 0 INTEREST RATE SWAP 1765500 PENSION LIABILITY 1129434 CAPITAL LEASE OBLIGATION 179630 3074564 X 58865878 6684391 0 2082200 8766591 50099287 784610 354690 1139300 51238587 63406371 229734 2067247 2296981 61109390 784610 354689 1139299 62248689 Financial Statement Footnote Schedule D, Part III, Line 1a The Museum's permanent collections, which were acquired since the Museum's inception through purchases and contributions from benefactors, 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, or as temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected in the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. The Museum's collections are made up of artifacts of historical significance, scientific specimens and art objects that are held for educational, research, scientific and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying the items' existence and assessing their condition are performed continuously. Description of Organization's Collections Schedule D, Part III, Line 4 The Museum's collection - with almost 40,000 objects that showcase advances in science, industry and technology - serves to create spectacular exhibits and experiences that excite and inspire Museum guests and further the Museum's mission and vision. Remarkable artifacts in the collection include the 700-ton U-505 Submarine; a real United 727 airplane; the Pioneer Zephyr, the train that set the speed record in 1934; a British Spitfire WWII plane; a collection of carefully preserved human anatomical slices and fetuses; and much more. The museum's collections are designed to spark scientific inquiry and creativity to motivate children to achieve their full potential in science, technology, medicine and engineering in furtherance of the museum's exempt purpose. Intended Uses of Endowment Funds Schedule D, Part V, Line 4 The organization's endowment funds are meant to serve as a source of financial support of the Museum's mission. A portion of annual endowment earnings are used to support Museum general operations. Earnings are directed to specific elements of the Museum's operations as directed by donor restrictions on respective contributions to the endowment. Liability for Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 The Museum has received a determination letter from the Internal Revenue Service indicating that the Museum is exempt from income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code, except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires 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 authority. Management has determined there are no material uncertain positions that require recognition in the financial statements. Additionally, no provision for income taxes is reflected in these financial statements as the Museum's unrelated business taxable income was offset by unrelated business loss carryovers in both years. There are no tax positions for which a material change in any unrecognized tax benefit liability is reasonably possible in the next 12 months. There is no interest or penalties recognized in the statement of financial position or statement of activities and changes in net assets. The tax years ended 2009, 2010, 2011 and 2012 are still open to audit for both federal and state purposes. Supplemental Description - Other Schedule D, Part XI, Line 2d FUNDRAISING EXPENSES $1,128,961 RENTAL EXPENSES $628,951 COST OF GOODS SOLD $292,067 GAMING ACTIVITIES EXPENSES $17,269 CHANGE IN VALUE OF INSURANCE POLICY $14,952 ----------- TOTAL $2,082,200 Supplemental Description - Other SCHEDULE D, PART XI, LINE 4B CHANGE IN VALUE OF INTEREST RATE SWAP $210,982 MINIMUM PENSION LIABILITY $143,707 --------- TOTAL $354,689 SUPPLEMENTAL DESCRIPTION - OTHER SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSES $1,128,961 RENTAL EXPENSES $628,951 COST OF GOODS SOLD $292,067 GAMING ACTIVITIES EXPENSES $17,269 ----------- TOTAL $2,067,248 SUPPLEMENTAL DESCRIPTION - OTHER SCHEDULE D, PART XII, LINE 4B CHANGE IN VALUE OF INTEREST RATE SWAP $210,982 MINIMUM PENSION LIABILITY $143,707 --------- TOTAL $354,689 Central America and the Caribbean Investments N/A 0 0 0 false false false false false false X X X X X X X true ComNet Marketing 1214 Stowe Avenue Medford OR 97501 Telemktg Membership false 35760 23851 11909 SD A Teleservices 5757 W Century Blvd Los Angeles CA 90045 Telemktg Membership false 11472 36666 -25194 47232 60517 -13285 CA FL IL MI NY OH WI Black Creativ 863979 832883 31096 0 200000 0 140426 14275 283134 Columbian Ball 2177760 2092143 85617 0 87700 0 126630 21020 255775 0 0 0 0 0 0 0 0 0 0 3041739 2925026 116713 0 287700 0 267056 35295 538909 1128960 -1012247 57th Street and Lake Shore Drive Chicago IL 60637 Fundraising Agreements Schedule G, Part I, Line 2b MSI CONTRACTS WITH COMNET TO DO THE FOLLOWING: DESIGN PROGRAM, WRITE THE SCRIPT, SEND A COPY OF THE SCRIPT TO THE MSI FOR APPROVAL, TRAIN TELEPHONE SALES REPRESENTATIVES ON PROGRAM, CALL PROSPECTS/MEMBERS AND SOLICIT/RENEW MEMBERSHIPS/PERFORM QUALITY CONTROL MONITORING OF SAMPLE CALLS AS THEY OCCUR, TRANSMIT A "DAILY REPORT COVERSHEET" WITH A RECAP OF PREVIOUS DAYS CALLING TO MSI DAILY, SEND HARD COPIES OF DUES PLEDGED BY CERTIFIED MAIL TO MSI SEMI-MONTHLY WITH THE COMNET INVOICE, AND PROVIDE MSI WITH THE FINAL RESULT FOR ALL CALLING RECORDS AT THE END OF THE CALLING PROGRAM. COMNET IS IN CONTROL OF DUES THAT ARE RAISED THROUGH THEIR FUNDRAISING SERVICES. COMNET IS RESPONSIBLE FOR MAILING/EMAILING ALL PLEDGE FORMS AND DUES INVOICES. MSI CONTRACTS WITH SD&A TELESERVICES, INC. TO DO THE FOLLOWING: DEVELOP A SCRIPT, WRITE THE SCRIPT, SEND A COPY OF THE SCRIPT TO THE MSI FOR APPROVAL, RECRUIT AND TRAIN CALLERS, CALL PROSPECTIVE DONORS AND SOLICIT DONATIONS TO GROW THE ANNUAL FUND AND COLUMBIAN SOCIETY. SD&A TELESERVICES, INC. WILL SUPERVISE TIMELY CONFIRMATION MAILINGS AND PROCESS GIFT DATA TO PRODUCE REMINDER MAILS; CREDIT CARD AND PLEDGE GIFT INFORMATION WILL BE EMAILED TO MSI DAILY; AND DAILY, CUMULATIVE AND WEEKLY REPORTS THAT TRACK AND SEGMENT RESULTS WILL BE DELIVERED TO MSI AS WELL AS AN END OF CAMPAIGN REPORT AND A DONOR COMMENT FILE. true Science Achievers - CASE celebration 23 7500 FMV Laptop Monitoring the Use of Grant Funds Schedule I, Part 1, Line 2 Laptop computers were provided to 23 high school students enrolled in the Museum's science achievers program. The students selected to receive the computers were graduating from high school and preparing to attend college in the fall of 2012. The museum's community initiatives staff worked closely with the students over the course of the school year and awarded the computers at the culmination of the program. X X X X false false false false false false false true false Sheila Cawley 156638 0 0 0 41 0 4511 0 10310 0 171500 0 0 0 Robert Fisher 225261 0 0 0 0 0 3234 0 23188 0 251683 0 0 0 Robert J Gallas Jr 193589 0 0 0 0 0 4521 0 2619 0 200729 0 0 0 Katherine Garant 144091 0 0 0 1063 0 4484 0 18987 0 168625 0 0 0 David Hanses 157805 0 0 0 19 0 0 0 15500 0 173324 0 0 0 Duncan Harris 171292 0 0 0 0 0 5139 0 0 0 176431 0 0 0 Andrea Ingram 208100 0 0 0 0 0 6024 0 7241 0 221365 0 0 0 Kurt Haunfelner 230814 0 0 0 999 0 0 0 11600 0 243413 0 0 0 David Mosena 463083 0 85000 0 6780 0 11250 0 21207 0 587320 0 0 0 Non-fixed payments Schedule J, Part I, Line 7 The Compensation Committee reviewed and approved an $85,000 bonus for the President. The bonus amount was not based on the organization's net earnings. A IFA Series 2009A-D 861091967 45200FJ91 2009-12-17 64000000 Construction, Exhibits false false false A 2000000 0 64000000 0 0 62937702 429298 0 633000 0 0 0 true false true true A false false false false 0.00000 0.00000 0.00000 false false false false A false false false false true false 0 false 0 false false A false . Schedule K, Part V Procedures to Undertake Corrective Action The Museum has not violated any applicable requirements for tax exempt bonds benefitting the Museum. The Museum has not established written procedures to ensure timely identification of violations of federal tax requirements or timely correction of any identified violations, but the Museum will look into establishing procedures in the near future. David E Donovan Trustee 679956 Bond/LOC Interest/Fees false David E Donovan Trustee 816178 Corporate Credit Card Payments false Timothy P Maloney Trustee 163890 Bond Interest/LC Commission false William L Morrison Trustee 207901 Bond/Bank Fees false Related Party Transactions Schedule L, Part IV David E. Donovan, a trustee of MSI, is a CO-CEO of Chase Capital Corporation. MSI's transactions with JP Morgan are done in terms similar to those given to the general public. The conflict exists in that Mr. Donovan is a member of the Finance Committee, which approves all financial matters of MSI including banking. To resolve this conflict Mr. Donovan does not participate in discussions regarding the relationship with JP Morgan Chase and excuses himself when the Finance Committee is voting on financial matters related to MSI and JP Morgan Chase. Timothy P. Maloney, a Trustee of MSI, is an Illinois president of Bank of America. MSI transactions with Bank of America are done in terms similar to those given to the general public. There is no conflict since Mr. Maloney does not belong to any committee of the board which votes on financial matters related to MSI and Bank of America nor does his position have any bearing on the relationship. William L. Morrison, a trustee of MSI, is president and COO of Northern Trust Bank. Northern Trust provides banking, asset/treasury management, and commercial lending for MSI. These services are provided in the same terms as those given to the general public. There is no conflict since Mr. Morrison does not belong to any committee of the board which votes on matters related to the Northern Trust nor does his position have any bearing on the relationship. X 36 6214502 Cost/Selling Price X Entry Hall and Major Gifts 3 248004 Cost/Selling Price X Black Creativity 15 89617 Cost/Selling Price X Education and Sponsorship 3 63515 Cost/Selling Price X Columbian Ball 9 40970 Cost/Selling Price X United Airline Tickets 78 35632 Cost/Selling Price X Exhibit Maintenance 1 23432 Cost/Selling Price false true true Third Party Assistance of Noncash Contributions SCHEDULE M, PART II, LINE 32B A third party is designated to receive non-cash securities from contributors. Upon receipt of the securities, the third party subsequently sells securities on behalf of the Museum. The third party deposits proceeds from the sale of non-cash securities into the Museum's short term investment account. Other Program Service Accomplishments - Ancillary Services Form 990, Part III, Line 4D Ancillary Services represent various guest services that enhance the guest experience. These include the Omnimax Theater, Museum Store, food services, and parking services. Relationship Between Board Members Form 990, Part VI, Line 2 CHARLES K. BOBRINSKOY AND ERIC P. LEFKOFSKY HAVE A BUSINESS RELATIONSHIP OUTSIDE THE MUSEUM. CHARLES K. BOBRINSKOY AND DAVID J. VITALE HAVE A BUSINESS RELATIONSHIP OUTSIDE THE MUSEUM. FRANK M. CLARK AND JESSE H. RUIZ HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. JAMES S. CROWN AND LESTER CROWN HAVE A FAMILY RELATIONSHIP. JAMES S. CROWN AND LESTER CROWN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. KENT P. DAUTEN AND JOHN A. CANNING HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. KENT P. DAUTEN AND LARRY D. RICHMAN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. DEBORAH L. DEHASS AND BETSY D. HOLDEN HAVE A FAMILY RELATIONSHIP. WILLIAM J. DEVERS, JR. AND ANDREW J. MCKENNA HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. DAVID E. DONOVAN AND JAMES S. CROWN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. MICHAEL W. FERRO, JR., JOHN A. CANNING, AND MILES D. WHITE HAVE A BUINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. DAVID W. GRAINGER AND JAMES T. RYAN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. MICHAEL P. KRASNY, JAMES S. CROWN, AND LESTER CROWN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. MICHAEL P. KRASNY AND DEBORAH L. DEHAAS HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. RICHARD H. LENNY, DR WALTER E. MASSEY, ANDREW J. MCKENNA, SHEILA A. PENROSE, JAMES A. SKINNER, AND MILES D. WHITE ALL HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. J. CHRISTOPHER REYES, MICHAEL W. FERRO, JR., ANDREW J. MCKENNA, AND JOHN F. SANDNER HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. J. CHRISTOPHER REYES AND ANDREW J. MCKENNA HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. WILLIAM A. OSBORN, W. JAMES FARRELL, EDWARD M. LIDDY, GLENN F. TILTON, AND MILES D. WHITE ALL HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. WILLIAM A. OSBORN AND BETSY D. HOLDEN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. JAMES T. RYAN AND DAVID W. GRAINGER HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. JEFFREY A. SMISEK, DAVID J. VITALE, W. JAMES FARRELL, AND GLENN F. TILTON ALL HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. MILES D. WHITE AND MICHAEL W. FERRO, JR. HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. THOMAS J. WILSON AND W. JAMES FARRELL HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. THOMAS J. WILSON AND W. JAMES FARRELL BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. Form 990 Review Process Form 990, Part VI, Line 11b The Museum's 990 is prepared by an external public accounting firm, who provides drafts for internal review. After the internal review, these drafts are updated, and a final draft is reviewed by the Chairman of the Audit Committee and is made available to the trustees electronically for their review, prior to electronically filing with the Internal Revenue Service. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c The Museum formally sends a conflict of interest questionnaire annually to trustees, officers, and certain management employees. The Museum's Compliance Officer reviews the results of the questionnaires, and investigates any reported potential conflicts for resolution as necessary. Process for Determining Compensation Form 990, Part VI, Line 15a The Compensation Committee of the Board of Directors oversees and approves the compensation for the Executive Staff of the Museum. Individual performance is evaluated by established goals and objectives which support MSI's mission. These goals and objectives are reviewed annually as part of the Museum's Performance Management Process. The process consists of: 1. The process is evaluated during the Fall Compensation Committee Meeting. 2. The Human Resources department obtains and reviews benchmarked data to ensure Executive Compensation remains competitive within the industry. As needed, a third party consultant may be engaged to complete an Executive Remuneration study. A detailed analysis is reviewed by the Director of Human Resources, the CFO and CEO of the Museum and a recommendation is prepared for the Compensation Committee. 3. The Compensation Committee reviews the Executive Compensation recommended and suggests modifications where appropriate. 4. Each year, MSI management determines if merit increases will be awarded to Museum staff. Forms Available for Public Inspection Form 990, Part VI, Line 18 The museum posted a copy of 2011 form 990 in its website and made copies of 2009, 2010, 2011 form 990 and 990T publicly available upon request. As the museum filed the application for recognition of exemption, form 1023 before July 15, 1987, it need not be made publicly available. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The Museum Annual Report and the financial statements are available to the public via the Museum's website and upon request, respectively. The Museum Annual Report and the financial statements are available to the public via the Museum's website and upon request, respectively. Restatement of Audited Financial Statement Form 990, part X, balance sheet, column(A), beginning of year Subsequent to the issuance of the Museum's 2011 financial statements, management became aware that there were net assets related to the capital campaign that were not appropriately released from restrictions when related expenses were incurred during the year ended December 31, 2011. This resulted in an understatement of the 2011 release from restrictions of $7,328,128, with a related understatement of ending unrestricted net assets and overstatement of temporarily restricted net assets at December 31, 2011. Consequently, certain amounts have been restated for the year ended and at December 31, 2011. Other Changes in Net Assets Form 990, Part XI, Line 9 CHANGE IN VALUE OF INSURANCE POLICY $14,953 ----------- TOTAL $14,953