2013-03-14T13:00:07-05:00 2012-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2011-07-01 366210902 THE ADLER PLANETARIUM ADLE 3129227827 1300 South Lake Shore Drive Chicago IL 60605 JAN PROMER 2013-03-13 false P01254056 3128997000 2011 2016-03-07 17:11:31Z PAUL KNAPPENBERGER 1300 South Lake Shore Drive CHICAGO IL 60605 43672744 false X WWW.ADLERPLANETARIUM.ORG X 1930 IL THE ADLER PLANETARIUM'S MISSION IS TO INSPIRE EXPLORATION AND UNDERSTANDING OF OUR UNIVERSE AND BE THE WORLD'S PREMIER CENTER FOR EXPERIENCING AND LEARNING SPACE SCIENCE. 63 62 323 304 -2180 -2180 11702997 14116707 4261972 5660287 811468 2207397 984890 1051480 17761327 23035871 2550 5000 0 0 8592003 9366436 0 0 2368108 8780068 9440195 17374621 18811631 386706 4224240 66223053 67080630 34107975 35407002 32115078 31673628 X THE ADLER PLANETARIUM ('ADLER') IS A NOT-FOR-PROFIT CULTURAL INSTITUTION WHOSE MISSION IS TO BE THE WORLD'S PREMIER CENTER FOR EXPERIENCING AND LEARNING SPACE SCIENCE. false false 14948992 5000 6107935 THE ADLER PLANETARIUM SEEKS TO INSPIRE THE NEXT GENERATION OF EXPLORERS AND SCIENTISTS. THE ADLER'S ARRAY OF EDUCATIONAL OFFERINGS - FROM INTERACTIVE DEMONSTRATIONS TO GRADUATE LEVEL COURSEWORK - ARE DESIGNED TO EQUIP PARTICIPANTS WITH THE SKILLS AND DESIRE TO LEARN MORE ABOUT OUR UNIVERSE. ONSITE ATTENDANCE TOTALED OVER 490,000 VISITORS DURING THE YEAR, INCLUDING MORE THAN 65,000 WHO PARTICIPATED THROUGH SCHOOL GROUPS. DAILY VISITORS TO THE ADLER MAY ENCOUNTER HANDS-ON LEARNING OPPORTUNITIES THROUGHOUT THE MUSEUM. MANY PEOPLE EXPERIENCE THE NIGHT SKY THROUGH A TELESCOPE FOR THE FIRST TIME ON THE ADLER'S TELESCOPE TERRACE OR IN THE DOANE OBSERVATORY. YOUNGER VISITORS CAN EXPERIENCE WHAT IT IS LIKE TO BLAST OFF A ROCKET OR SLEEP IN A SPACE BED, DO SCIENCE EXPERIMENTS OR FIND CONSTELLATIONS IN A SKY SHOW. (SEE SCHEDULE O FOR CONTINUATION) 14948992 true true false true false false true false true true false false false true true true false false true true false false false true true false false false true false false false false false false false true true false false false false false false false false false true 86 0 true 323 true true true false false false false true true false false false false X 63 62 false false false false false false false true true false false true true true true true true true true false CA IL X Marcia Heuser 3129227827 1300 SOUTH LAKE SHORE DRIVE CHICAGO IL 606052403 BRYAN C CRESSEY 1.00 X X 0 0 0 IRENE S PHELPS 1.00 X X 0 0 0 JOHN W ESTEY 1.00 X X 0 0 0 JOSEPH T LOWER 1.00 X X 0 0 0 SCOTT SWANSON 1.00 X X 0 0 0 THOMAS A NARDI 1.00 X X 0 0 0 BARBARA STEWART 1.00 X 0 0 0 BERNARD HENGESBAUGH 1.00 X 0 0 0 C PAUL JOHNSON 1.00 X 0 0 0 CAROLYN BOWMAN 1.00 X 0 0 0 CYNTHIA BALLEW 1.00 X 0 0 0 DANIEL P COONEY 1.00 X 0 0 0 DANIEL R EDER 1.00 X 0 0 0 DAVID CARLQUIST 1.00 X 0 0 0 DAVID CROWN 1.00 X 0 0 0 DAVID MINTZER 1.00 X 0 0 0 DAVID W FOX 1.00 X 0 0 0 DONALD C CLARK JR 1.00 X 0 0 0 DONALD SANTOSKI 1.00 X 0 0 0 DONNA SMITH 1.00 X 0 0 0 DOUGLAS ENGEL 1.00 X 0 0 0 DUSHAN PETROVICH 1.00 X 0 0 0 EARLE COMBS III 1.00 X 0 0 0 EDWARD J WILLIAMS 1.00 X 0 0 0 EMORY WILLIAMS 1.00 X 0 0 0 FRANK M CLARK 1.00 X 0 0 0 GEORGE W REED JR 1.00 X 0 0 0 HAROLD B SMITH 1.00 X 0 0 0 HOWARD ECKER 1.00 X 0 0 0 HOWARD S GOSS 1.00 X 0 0 0 IMOGENE P JOHNSON 1.00 X 0 0 0 J DOUGLAS DONENFELD 1.00 X 0 0 0 J ERIK FYRWALD 1.00 X 0 0 0 JAMES A LOVELL JR 1.00 X 0 0 0 JAMES J O'CONNOR 1.00 X 0 0 0 JANET D ROWLEY 1.00 X 0 0 0 JAY N WHIPPLE JR 1.00 X 0 0 0 JEFFREY FOLAND 1.00 X 0 0 0 JEFFREY ROTHSTEIN 1.00 X 0 0 0 JILL W ADLER 1.00 X 0 0 0 JOHN GRUNSFELD 1.00 X 0 0 0 JOHN J PARO 1.00 X 0 0 0 JONATHAN EDER 1.00 X 0 0 0 JONATHAN H HERBST 1.00 X 0 0 0 KATHY HANNAN 1.00 X 0 0 0 KENNETH NEBENZAHL 1.00 X 0 0 0 LAMAR A JOHNSON 1.00 X 0 0 0 LESLIE JONES 1.00 X 0 0 0 LINDA CELESIA 1.00 X 0 0 0 MATTHEW SAUER 1.00 X 0 0 0 MICHEL J FELDMAN 1.00 X 0 0 0 NANCY RUSCHEINSKI 1.00 X 0 0 0 NICHOLAS PRITZKER 1.00 X 0 0 0 PETER O VANDERVOORT 1.00 X 0 0 0 PHYLLIS LOCKETT 1.00 X 0 0 0 PRADIP PATIATH 1.00 X 0 0 0 RAJ GUPTA 1.00 X 0 0 0 ROBERT C KNUEPFER JR 1.00 X 0 0 0 ROBERT GORDON 1.00 X 0 0 0 RYAN GARINO 1.00 X 0 0 0 STEVEN GOLD 1.00 X 0 0 0 STEVEN S LOUIS 1.00 X 0 0 0 VINCENT CORDERO 1.00 X 0 0 0 WILLIAM GRUBER 1.00 X 0 0 0 WILLIAM J LUTZ 1.00 X 0 0 0 JAN PROMER 35.00 X 176116 0 11198 PAUL KNAPPENBERGER 35.00 X 365382 0 38592 CHARLES KATZENMEYER 35.00 X 165863 0 15641 DOUGLAS ROBERTS 35.00 X 102430 0 17928 MARCIA HEUSER 35.00 X 113269 0 18028 MARVIN BOLT 35.00 X 106183 0 24238 1029243 0 125625 6 false true false PACIFIC CONSTRUCTION SERVICES INC 33 W MONROE SUITE 2100 CHICAGO IL 60603 CONSTRUCTION 3100974 GLOBAL IMMERSION LTD THE BARN HURSTWOOD GRANGE HURSTWOOD LANE HAYWARDS HEATH UK RH17 7QX CONSTRUCTION 845211 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755723 COMPUTERS AND EQUIPMENT 629756 UNITED BUILDING MAINTENANCE INC 3328 SOLUTIONS CENTER CHICAGO IL 60677 JANITORIAL SERVICES 401614 REGENTS OF THE UNIVERSITY OF MINNESOTA NW 5957 PO BOX 1450 MINNEAPOLIS MN 554855957 RESEARCH 393086 11 696902 974119 3504104 8941582 1833549 14116707 ADMISSIONS 900099 5245948 5245948 ASTRO-OVERNIGHTS 900099 110610 110610 SKY SHOWS/VIDEO SUITES 900099 192666 192666 SUMMER WORLD TOURS AND CAMPS 900099 111063 111063 0 0 0 0 5660287 421934 -2180 424114 0 0 806424 806424 0 806424 806424 22117244 20331781 1785463 0 1785463 1785463 102500 974119 305092 -202592 -202592 17200 0 17200 17200 0 0 FOOD SERVICE & CONCESSIONS 900099 370954 370954 MISCELLANEOUS 900099 59494 59494 0 0 0 0 430448 23035871 6107935 -2180 2813409 0 5000 5000 0 0 840518 506878 60503 273137 0 6990765 5656993 519476 814296 423776 336050 33019 54707 564476 450623 42842 71011 546901 442834 41164 62903 0 2580 2049 245 286 146357 116237 13874 16246 933 741 88 104 0 101984 101984 1234069 1169622 27312 37135 751592 488393 58135 205064 1006570 788421 112398 105751 81617 64821 7737 9059 0 506081 401930 47976 56175 253651 233445 2861 17345 0 0 366102 290759 34706 40637 0 3246924 2578707 307808 360409 123750 98694 11542 13514 FOOD SERVICE AND CONCESSIONS 153158 76604 1931 74623 EQUIPMENT,LEASES AND REPAIRS 842472 789920 17907 34645 CLEANING AND MAINTENANCE 495351 393408 46959 54984 PROFESSIONAL DEVELOPMENT 60913 50437 3297 7179 66091 6426 767 58898 18811631 14948992 1494531 2368108 0 337697 304093 1505405 3152419 5873631 6192792 576720 404465 0 225445 513633 67388845 29846875 39226062 37541970 15469559 16093455 3008534 2877803 0 0 0 0 66223053 67080630 2418027 1879975 638644 844140 27000000 27000000 4051304 5682887 34107975 35407002 X 22308669 17616520 6398377 10649101 3408032 3408007 32115078 31673628 66223053 67080630 X 4224240 -4665690 X false true true X true true X 11480891 10959782 6836970 9795768 12391278 51464689 2034244 2227536 2014327 1907229 1725429 9908765 0 13515135 13187318 8851297 11702997 14116707 61373454 8110927 53262527 1195512 941700 916058 1174503 1210350 5438123 0 906311 236532 231841 163070 179194 1716948 68528525 5175441 0.77720 0.76540 X OTHER INCOME, SCHEDULE A, PART II, LINE 10, DESCRIPTION - FUNDRAISING, COLUMN A - 821960, COLUMN B - 114950, COLUMN C - 163150, COLUMN D - 98750, COLUMN E - 102500, COLUMN F - 1301310; DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 84351, COLUMN B - 121582, COLUMN C - 68691, COLUMN D - 64320, COLUMN E - 59494, COLUMN F - 398438; DESCRIPTION - RAFFLE, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 17200, COLUMN F - 17200;, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 16565 false false 16565 false Description of the activities reported on Lines 1a through 1i Schedule C, Part II-B, Line 1 THE ADLER PLANETARIUM DEVOTED AN INSUBSTANTIAL PART OF ITS ACTIVITIES TO MONITORING AND COMMUNICATING WITH FEDERAL AND STATE ELECTED OFFICIALS. X X X X false 3590889 -28226 2091 0 3560572 2907568 500000 279901 96580 3590889 1932434 1000000 250 25116 2907568 1855249 77500 -315 1932434 0.96000 0.04000 true false 0 41942465 14999508 26942957 2421782 1588804 832978 3052609 1945490 1107119 19971989 11313073 8658916 37541970 0 DEFINED PENSION BENEFIT PLAN LIABILITY 5474345 RETIREMENT ANNUITY DUE TO FORMER OFFICER/BENEFICIARY 66315 INTEREST RATE SWAP 142227 5682887 23035871 18811631 4224240 -2209925 -2455765 -4665690 -441450 19982601 -2209925 1393689 -2135050 -2951286 22933887 101984 0 101984 23035871 20424051 1393689 320715 1714404 18709647 101984 0 101984 18811631 Collections of art - financial statement footnote Schedule D, Part III, Line 1a COLLECTIONS: IN CONFORMITY WITH THE ACCOUNTING PRACTICES GENERALLY FOLLOWED BY MUSEUMS, THE ADLER'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. EXPENDITURES FOR COLLECTIONS WERE $15,623 DURING THE YEAR ENDED JUNE 30, 2012 (2011 - $23,403). THE ADLER'S COLLECTIONS ARE MADE UP OF APPROXIMATELY 10,000 ARTIFACTS OF HISTORICAL SIGNIFICANCE WHICH ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. Collections of art - description of collections Schedule D, Part III, Line 4 FROM ITS INCEPTION, THE ADLER PLANETARIUM AND ASTRONOMY MUSEUM (THE ADLER) HAS HELD ONE OF THE WORLD'S FOREMOST COLLECTIONS OF INSTRUMENTS RELATING TO ASTRONOMY. TODAY THE ADLER POSSESSES A MAJOR COLLECTION OF HISTORIC SCIENTIFIC INSTRUMENTS; COLLECTIONS OF RARE BOOKS AND OF WORKS ON PAPER DEALING WITH ASTRONOMY, SCIENTIFIC INSTRUMENTS, AND RELATED SUBJECTS; A COLLECTION OF REPLICAS AND SIMILAR "HANDS-ON" OBJECTS USED FOR EDUCATIONAL PURPOSES; AND ARCHIVES PERTAINING TO THE HISTORY OF ADLER ITSELF. THE ADLER'S HISTORIC SCIENTIFIC INSTRUMENT COLLECTION NOW CONTAINS ABOUT 1,800 THREE-DIMENSIONAL ARTIFACTS DATING FROM THE 12TH THROUGH THE 20TH CENTURIES, RANGING FROM MEDIEVAL ASTROLABES AND ARMILLARY SPHERES TO SUNDIALS, PLANETARIUM, AND TELESCOPES FROM THE SCIENTIFIC REVOLUTION TO INSTRUMENTS OF THE PRESENT CENTURY FOR CELESTIAL NAVIGATION. THE RARE BOOK COLLECTION (NUMBERING ABOUT 2,400) AND WORKS ON PAPER COLLECTION (755 WORKS) COVER SUBJECTS RELATED TO ASTRONOMY. THE EDUCATIONAL COLLECTION FURNISHES REALISTIC MODELS AND REPLICAS FOR USE BY EDUCATORS ON THE MUSEUM FLOOR AND OFF-SITE, IN SITUATIONS WHERE THE USE OF DELICATE ARTIFACTS WOULD BE INAPPROPRIATE. Intended uses of endowment funds Schedule D, Part V, Line 4 THE ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR THE MAINTENANCE AND OPERATION OF THE FACILITIES OF THE ADLER PLANETARIUM. THE ADLER PLANETARIUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE ADLER, AN ILLINOIS NONPROFIT CORPORATION, IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IF ANY. THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ADLER MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION FROM TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ADLER AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION, IF ANY, ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS PRESENTED IN THESE FINANCIAL STATEMENTS. FORM 990 AND 990-T FILED BY THE ALDER ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) FOR UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 AND 990-T FILED BY THE ADLER FOR THE YEARS 2008 AND PRIOR ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 PROGRAM SERVICES ADLER IS REPORTING ONE EMPLOYEE WHO WORKS OUTSIDE THE US. THE EMPLOYEE IS A POSTDOCTORAL RESEARCHER IN HISTORICAL TEXTS, AND IS WORKING IN ASSOCIATION WITH AN INTERNATIONAL TEAM BASED AT THE UNIVERSITY OF OXFORD, ENGLAND. 46652 0 1 46652 false false false false false false Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL CELESTIAL BALL 950719 864469 86250 81594 5900 179256 WOMEN IN SPACE SCIENCE 125900 109650 16250 21034 0 17308 0 0 1076619 974119 102500 0 0 0 102628 5900 196564 305092 -202592 17200 0 true 1 17200 0 0 0 0 0 17200 IL true false true false 1 0 SARA REBMANN 1300 S LAKE SHORE DRIVE CHICAGO IL 606052403 false SARA REBMAN OVERSEES RAFFLE AT CELESTIAL BALL AND PREPARES SUMMARY REPORTS GAMING MANAGER COMPENSATION SCHEDULE G, PART III, LINE 16 THE PERSON NOTED AS THE GAMING MANAGER IS REPORTING ZERO COMPENSATION AS THE TASKS ASSOCIATED WITH THIS ROLE ARE AN INCIDENTAL PART OF HER REGULAR JOB. X true true X X X false false false false false false false false false JAN PROMER 176116 0 0 0 0 0 5335 0 5863 0 187314 0 0 0 CHARLES KATZENMEYER 165740 0 0 0 123 0 9040 0 6601 0 181504 0 0 0 PAUL KNAPPENBERGER 345635 0 0 0 19747 0 19913 0 18679 0 403974 0 0 0 Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE PRESIDENT HAS A MEMBERSHIP WITH THE CHICAGO CLUB FOR HOLDING BUSINESS RELATED MEETINGS. THERE IS NO PERSONAL USE OF THIS MEMBERSHIP SO THE BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. CHARTER ONE BANKRBS CITIZENS BANK TRUSTEE (SCOTT SWANSON) IS THE PRESIDENT OF CHARTER ONE 438468 OPERATING LEASE PAYMENTS; BANK FEES; INTEREST false X 6 1783549 MARKET VALUE X FOOD FOR CELESTIAL BALL 1 50000 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=FOOD FOR CELESTIAL BALL NUMBER OF CONTRIBUTIONS PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A (CONTINUATION FROM FORM 990, PART III) INTERESTED ADULTS AND TEENS ARE INVITED TO JOIN THE EDUCATION TEAM AS DOCENTS AND VOLUNTEERS. IN ADDITION, THE ADLER SUPPORTS SCHOOL GROUPS THROUGH A VARIETY OF OFFERINGS, RANGING FROM SKY SHOWS, TO FIELD TRIP GUIDES, TO INTERACTIVE SOFTWARE EXPERIENCES. TEACHERS AND ADMINISTRATORS ENROLL IN THE ADLER'S RESPECTED PROFESSIONAL DEVELOPMENT PROGRAMS AND MAY BORROW CURRICULUM-RELATED SCIENCE KITS AND FIELD TRIP SUPPORT MATERIALS. THE ADLER IS A NATIONAL LEADER IN SCIENCE EDUCATION AND SPONSORS SYMPOSIA AND LECTURES FOR ADULTS. INTERESTED MEMBERS OF THE GENERAL PUBLIC ARE INVITED TO DOWNLOAD ADLER-PRODUCED PODCASTS OF LECTURES AND SYMPOSIA. THE ADLER HAS ALSO DRAWN MANY NEW VIRTUAL VISITORS THROUGH ITS LEADERSHIP IN THE CITIZEN SCIENCE ALLIANCE, THE OVERARCHING ORGANIZATION OF THE "ZOONIVERSE" PROGRAM. ZOONIVERSE REACHES OVER 650,000 PEOPLE WORLDWIDE ON-LINE, ENGAGING THEM IN ACTUAL SCIENCE RESEARCH. ADDITIONAL EDUCATIONAL PROGRAMS PROVIDED BY ADLER INCLUDE ASTROVERNIGHTS WHICH ALLOWS FOR A HANDS-ON EXPERIENCE OF WHAT IT WOULD TAKE TO SLEEP OVER IN SPACE. DURING THESE PROGRAMS PARTICIPANTS LEARN HOW TO RECYCLE WATER, GROW FOOD IN A SPACE ENVIRONMENT AND TELESCOPE VIEWING OF THE SKY. ADDITIONAL CAMPS ARE PROVIDED FOR VARIOUS AGES GROUPS THROUGHOUT THE YEAR. THE ADLER PLANETARIUM HAS TAKEN THE LEAD AMONG PLANETARIUMS WORLD-WIDE IN ESTABLISHING AN ASTRONOMY AND ASTROPHYSICS RESEARCH GROUP IN A MUSEUM SETTING. ADLER PLANETARIUM ASTRONOMERS POSSESS RICH AND DIVERSE EXPERTISE IN MANY AREAS OF ASTRONOMY AS WELL AS OTHER CLOSELY RELATED SCIENCE FIELDS SUCH AS PARTICLE PHYSICS AND GEOPHYSICS. ADLER RESEARCHERS ARE INVOLVED IN MANY PROJECTS AT THE LEADING EDGE OF SCIENTIFIC KNOWLEDGE. THE ASTRONOMY DEPARTMENT HAS PARTICULARLY STRONG GROUPS IN FOUR AREAS: STAR FORMATION, VERITAS, ASTEROID CHARACTERIZATION AND ASTROPHYSICAL DATA MINING. WHEN MAX ADLER FOUNDED THE ADLER PLANETARIUM IN 1930, HE RECOGNIZED THE COMPLEMENTARY ROLES OF A PLANETARIUM AND ASTRONOMICAL ARTIFACTS. ADLER PURCHASED A COLLECTION OF ABOUT 500 ASTRONOMICAL, NAVIGATIONAL, AND MATHEMATICAL INSTRUMENTS FROM ANTON MENSING IN THE NETHERLANDS. HOUSED IN THE ADLER'S WEBSTER INSTITUTE FOR THE HISTORY OF ASTRONOMY, THE SCIENTIFIC INSTRUMENT COLLECTION TODAY CONTAINS ABOUT 2,000 INSTRUMENTS AND MODELS FROM THE 12TH THROUGH THE 20TH CENTURIES. REPRESENTING MANY TYPES OF ASTRONOMICAL INSTRUMENTS, IT IS THE LARGEST COLLECTION OF SUCH MATERIAL IN THE WESTERN HEMISPHERE AND ONE OF THE MOST SIGNIFICANT IN THE WORLD. THESE COLLECTIONS ARE ON DISPLAY THROUGHOUT THE YEAR TO USE IN EXHIBITS AT THE MUSEUM. MANY PIECES OF THE COLLECTIONS ARE ALSO AVAILABLE FOR USE IN RESEARCH PROJECTS FOR SCHOLARS AND GRADUATE STUDENTS. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a AN "EXECUTIVE COMMITTEE" CONSISTING OF THE CHAIR, VICE CHAIRS, TREASURER, SECRETARY, PRESIDENT, AND SIX (6) ADDITIONAL TRUSTEES (ONE OF WHICH MAY BE THE IMMEDIATE PAST CHAIR) ELECTED BY THE BOARD OF TRUSTEES AT THE REGULAR ANNUAL MEETING OF THE BOARD OF TRUSTEES SHALL, WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION EXCEPT AS PROVIDED IN THE ILLINOIS NOT FOR PROFIT CORPORATION ACT. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIVITIES TO THE BOARD OF TRUSTEES AT THE BOARD'S LEGALLY CONVENED MEETINGS. THE PRESIDENT SHALL SERVE AS EXECUTIVE SECRETARY TO THE EXECUTIVE COMMITTEE. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY MANAGEMENT OF THE ORGANIZATION AND IF ANY QUESTIONS ARISE DURING THEIR REVIEW, THEY ARE ADDRESSED WITH THEIR PAID TAX PREPARER. A PRESENTATION OF THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE WHO HAS BEEN DELEGATED THE REVIEW RESPONSIBILITY. ALL BOARD MEMBERS RECEIVE A COPY OF THE FINAL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, PRIOR TO FILING THE FORM WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c IT IS THE POLICY OF THE ADLER PLANETARIUM, ITS BOARD OF TRUSTEES AND COMMITTEES TO ENSURE THAT BOARD MEMBERS AND EMPLOYEES IN ALL OF THEIR ACTIVITIES AVOID CONFLICTS OF INTEREST--ACTUAL, POTENTIAL OR PERCEIVED---WHILE PERFORMING THEIR MUSEUM-RELATED DUTIES. IN PARTICULAR, NO PERSONS SHOULD OBTAIN OR APPEAR TO OBTAIN SPECIAL ADVANTAGES FOR THEMSELVES, THEIR RELATIVES, OR THEIR CLOSE ASSOCIATES AS A RESULT OF THEIR AFFILIATION AS A BOARD MEMBER OR EMPLOYEE. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURES ARE REVIEWED BY EXECUTIVE STAFF AND IF A CONFLICT IS DETERMINED TO EXIST, THE MATTER IS BROUGHT TO THE EXECUTIVE COMMITTEE FOR FURTHER REVIEW. THE IMPLICATIONS IN PRACTICE FOR THIS POLICY VARY FROM ACTIVITY TO ACTIVITY AND THIS GENERAL POLICY SHOULD NOT LIMIT THE COOPERATION AND MUTUAL ASSISTANCE THAT IS NECESSARY FOR THE EFFECTIVE FUNCTIONING OF THE ORGANIZATION. IN ADDITION, THE ADLER IS A MEMBER OF THE AMERICAN ASSOCIATION OF MUSEUMS AND SUBSCRIBES TO THE CODE OF ETHICS FOR MUSEUMS. IN SUBSCRIBING TO THIS CODE, THE ADLER ASSUMES RESPONSIBILITY FOR THE ACTIONS OF EMPLOYEES OF THEIR GOVERNING AUTHORITY AND VOLUNTEERS IN THE PERFORMANCE OF MUSEUM-RELATED DUTIES. A COPY OF THE CODE OF ETHICS FOR MUSEUMS IS GIVEN TO EACH NEW FULL-TIME EMPLOYEE. IF A CONFLICT IS DETERMINED BETWEEN A BOARD MEMBER AND THE ORGANIZATION, THE CONFLICT IS NOTED AND THE BOARD MEMBER IS ASKED TO ABSTAIN FROM ANY DISCUSSION OF OR VOTING ON ISSUES RELATED TO THAT CONFLICT. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a IN FALL 2011, THE COMPENSATION COMMITTEE OF THE BOARD INITIATED A COMPREHENSIVE REVIEW OF SALARIES AND BENEFITS FOR ALL STAFF POSITIONS, INCLUDING TOP MANAGEMENT, THAT WAS CONCLUDED IN SPRING 2012. DATA FROM LOCAL AND NATIONAL MUSEUMS, SCIENCE CENTERS, UNIVERSITIES AND OTHER EDUCATIONAL INSTITUTIONS, AND CHICAGO-BASED PROFESSIONAL SERVICE FIRMS AND OTHER EMPLOYERS WAS CONSIDERED. IN ADDITION, THE COMPENSATION COMMITTEE INFORMALLY SURVEYS, ON A PERIODIC BASIS, SIMILAR SIZED AND LOCATED NOT-FOR-PROFIT ORGANIZATIONS TO ATTRACT, RETAIN, AND REWARD HIGH-PERFORMING INDIVIDUALS. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b SEE NARRATIVE FOR PART VI, LINE 15A. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -2209925; CHANGE IN VALUE OF DEFINED BENEFIT PENSION PLANS - -2297915; COST OF COLLECTION ITEMS PURCHASED - -15623; UNREALIZED LOSS ON INTEREST RATE SWAP - -142227;