2013-08-15T15:13:52-05:00 2012-12-31 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 28th Floor Chicago IL 606015927 990 2012-01-01 363480353 Chicago Public Library Foundation % TERESA DE LONG CHIC 3122019830 20 North Michigan Ave Suite 520 Chicago IL 60602 RHONA FRAZIN 3122019830 2013-08-13 true Judith H Meguire CPA 3127298000 2012 2016-02-25 16:41:14Z Rhona Frazin 20 North Michigan Ave Chicago IL 60602 6640066 false X www.chicagopubliclibraryfoundation.org X 1986 IL Enriching resources, technology and programs at Chicago Public Library's 79 branches. 49 47 6 40 0 3951641 3474806 0 0 522536 285052 -132596 -216135 4341581 3543723 0 0 0 0 641539 740787 40647 44154 613893 4819222 4454374 5501408 5239315 -1159827 -1695592 27925792 28637887 265849 91362 27659943 28546525 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 1875350 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. 1791637 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. 456490 EXPAND LIBRARY COLLECTIONS AND CREATE OPPORTUNITIES TO DISCUSS BOOKS AND IDEAS THROUGH PROGRAMS SUCH AS ONE BOOK, ONE CHICAGO. OVER 100,000 BENEFITED. 4123477 true true false false false false true false true false true 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 39 0 6 true false false false false false true true false false false false X 49 47 false false true false false true false true true false false true true true true true true true false false IL X X X TERESA DE LONG 3122019830 20 N MICHIGAN AVE SUITE 520 Chicago IL 60602 Trisha Rooney Alden 1.0 X Sherry Barrat 2.0 X John L Brennan 2.0 X X Michael W Brennan 1.0 X Calvin G Butler Jr 1.0 X Marcy R Carlin 1.0 X Michelle L Collins 2.0 X X James R Donnelley 5.0 X X Paul H Dykstra 1.0 X Sondra B Epstein 1.0 X Linda Hefner 1.0 X David F Heroy 1.0 X Leslie S Hindman 1.0 X Joanne Chun Hughes 1.0 X William V Krehbiel 1.0 X John D LaSage 1.0 X Donna LaPietra 1.0 X James H Lowry 1.0 X Cheryl Mayberry McKissack 1.0 X Kay Levi Pick 1.0 X Stephan Platcow 1.0 X Cindy Pritzker 1.0 X X Gregory Purcell 2.0 X John Rau 1.0 X A Kelly Ryan 1.0 X Bruce Sagan 2.0 X X Rodd Schreiber 1.0 X Charlie A Schrock 1.0 X Maureen Dwyer Smith 1.0 X Linda J Stephans 1.0 X Dia S Weil 1.0 X Robert A Wislow 5.0 X X Frances R Dittmer 1.0 X Leslie S Douglass 1.0 X James F Feldstein 1.0 X Marshall Field 1.0 X Stanley M Freehling 1.0 X J Ira Harris 1.0 X Frank A Rossi 1.0 X Ella D Strubel 1.0 X Audrey Bables Tuggle 1.0 X Rhona Frazin 40.0 0.0 X X 191000 0 35073 Thomas M Carroll 1.0 X David R Casper 1.0 X DAVID A DOHNALEK 1.0 X KAREN J GREEN 1.0 X JOHN J GRESENS 1.0 X SUREN GUPTA 1.0 X LINDA JOHNSON RICE 1.0 X 191000 0 35073 1 false true false 0 1209780 2265026 65915 3474806 0 281465 281465 0 0 0 0 0 2790781 2787194 3587 3587 3587 91000 1209780 309149 -218149 -218149 0 0 MISCELLANEOUS INCOME 900099 2014 2014 2014 3543723 68917 0 0 0 0 226073 0 97830 128243 0 404330 174969 229361 36290 15704 20586 49587 21458 28129 24507 10605 13902 0 3479 2295 1184 44940 44940 0 44154 44154 0 909083 853993 34064 21026 228734 157557 24643 46534 6938 3557 3381 172327 162451 4902 4974 0 38785 16855 21930 77183 66321 6347 4515 0 24987 8132 2510 14345 0 0 0 8534 3414 5120 CYBERNAVIGATORS 1187355 1187355 PRINTING & DESIGN 443204 443204 TEACHERS IN THE LIBRARY 661460 661460 BOOKS/SUBSCRIPTIONS/PUBLICATIO 214330 210984 1141 2205 433035 369725 37822 25488 5239315 4123477 501945 613893 162638 50825 593272 221194 918920 513509 0 0 0 0 0 0 0 0 0 0 9977 15743 50148 50148 0 21193816 23874662 5043603 3957738 0 0 0 0 3566 4216 27925792 28637887 265849 91362 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 265849 91362 X 11180868 13956041 7837193 5948602 8641882 8641882 27659943 28546525 27925792 28637887 -1695592 2582174 X false true X true false X 3490076 3813831 5743438 3951641 3474806 20473792 0 0 3490076 3813831 5743438 3951641 3474806 20473792 233616 20240176 347717 302731 279184 278346 281465 1489443 0 9438 4448 98924 81543 93014 287367 22250602 0.90965 0.91083 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false false 9852282 387078 494410 9744950 12107722 8 -1742520 512928 9852282 12178023 7818 418111 496230 12107722 12137705 216081 304230 479993 12178023 11300223 976571 -114089 25000 12137705 0.11000 0.89000 false false 50148 50148 HEDGED EQUITY FUND 23854 F ABSOLUTE RETURN FUNDS 3933884 F 3957738 0 0 6349648 2582174 255356 2837530 3512118 31605 31605 3543723 5463066 255356 255356 5207710 31605 31605 5239315 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 a 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 non-operating excess or deficit. Schedule D, Part X, Line 2: 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, 2012 and 2011. 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 2009 and hereafter 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 1300780 44154 1256626 1300780 44154 1256626 CSLA DINNER 1300780 1209780 91000 22500 107082 800 178767 0 1300780 1209780 91000 22500 107082 800 178767 309149 -218149 X true true X false false false false false false false false false Rhona Frazin 191000 0 0 0 0 0 19100 0 15973 0 226073 0 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. 0 12 N Venture LLC % owned by Robert Wislow 28458 Rent & maintenance work orders false US Equities Asset Management LLC % owned by Robert Wislow 70043 CPL-YOUMedia security services false X 65708 FMV X 207 FMV false false false Form 990, Part VI, Section A, Line 3: SECTION 3. EXECUTIVE COMMITTEE. There shall be an Executive Committee, which, to the extent not restricted by law or these By-laws, shall have and exercise the authority of the Board of Directors in the management of the Corporation. The Executive Committee shall consist of the Chairperson (who shall chair the Executive Committee), the Vice-Chairpersons and the chairpersons of the Governance Committee, Finance and Audit Committee and Investment Committee. A majority of the members of the Executive Committee shall constitute a quorum, and the act of a majority of the members of the Executive Committee shall be the act of the Executive Committee. Each member of the Executive Committee shall continue as such until the next annual meeting of the Board of Directors and until such members successor is appointed or until such members death, resignation or removal. Form 990, Part VI, Section A, Line 4: By-laws were amended & restated on 6/20/12 and copy was sent via e-mail. 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.