2012-10-31T06:58:48-05:00 2011-12-31 990 2011-01-01 363689172 CANTIGNY FOUNDATION CANT 6302608128 1 S 151 WINFIELD ROAD WHEATON IL 60189 MELINDA E ROSEBRAUGH 3127155000 2012-10-31 2011 2016-02-24 21:20:13Z DAVID HILLER 205 N MICHIGAN AVE4300 CHICAGO IL 60601 63909597 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 6 392 174 1223548 -269904 2812 14072153 3104693 3252754 666515 9927194 2345752 2432928 6119772 29685029 0 0 0 0 8389484 10813361 0 0 0 8489424 7442212 16878908 18255573 -10759136 11429456 202389637 204003587 3361566 3241918 199028071 200761669 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 16316682 3252754 OPERATION OF CANTIGNY PARKPARK 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 2011, OVER 506,000 VISITORS CAME TO ENJOY THE AMENITIES OF CANTIGNY PARK, GOLF, RESTAURANTS AND MUSEUMS. THIS INCLUDES OVER 204,000 GUESTS TO THE ROBERT R. MCCORMICK AND FIRST DIVISION MUSEUMS. 16316682 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 1 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 0 1 48 0 1 392 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 X JAMES DOWDLE 1.00 X 20600 37325 0 JOHN MADIGAN 1.00 X 20600 37625 0 DENNIS FITZSIMONS 1.00 X X 20600 37850 0 SCOTT SMITH 1.00 X 20600 35000 0 RUTHELLYN MUSIL 1.00 X 20600 34400 0 N DON WYCLIFF 1.00 X 20600 34400 0 DAVID HILLER 10.00 X 104946 314837 65028 LOUIS MARSICO 26.00 X 193072 103962 74679 DAVID GRANAT 4.00 X 29931 219491 67923 MELINDA ROSEBRAUGH 24.00 X 87472 58314 51349 DONALD COOKE 2.00 X 13687 260050 61357 MICHAEL NASS 40.00 X 175423 0 55910 RAYMOND DEBIASE 15.00 X 51506 86357 39765 SCOTT WITTE 40.00 X 120145 0 51171 MATTHEW LAFOND 40.00 X 132953 0 50215 PATTIE OVERSTREET-MILLER 12.00 X 51653 120523 60286 PAUL HERBERT 40.00 X 148391 0 76932 1232779 1380134 654615 7 0 1 0 V3 CONSTRUCTION GROUP 7325 JANES AVENUE WOODRIDGE IL 60517 CONSTRUCTION 385401 DANIEL J EDELMAN INC 21992 NETWORK PLACE CHICAGO IL 60673 MARKETING/PUBLIC RELATIONS 162494 PAINTERS USA 649 CHILDS STREET WHEATON IL 60187 PAINTING 139433 THORNAPPLE LANDSCAPES PO BOX 181 GENEVA IL 60134 PAVING 132248 4 14056078 16075 14072153 GOLF AND GOLF ACADEMY 713910 2788529 2788529 PARKING FEES 812930 304277 304277 YOUTH LINKS 713910 159948 159948 3252754 3800863 3800863 171657 53611 118046 118046 118046 39127851 5700 33007220 0 6120631 5700 6126331 6126331 3478619 1163737 2314882 1223548 1091334 29685029 3252754 1223548 11136574 890867 414180 476687 6666036 6216745 449291 770161 718252 51909 1789584 1668966 120618 696713 649755 46958 52276 52276 35302 35302 70901 70901 433819 274509 159310 341747 341747 124825 115552 9273 97620 91040 6580 2197777 2049647 148130 99012 77716 21296 69689 14344 55345 3158315 2945445 212870 323080 301304 21776 EXHIBITS AND PROGRAMS 432373 432373 5476 5107 369 18255573 16316682 1938891 0 1222197 3997813 338973 413278 243461 223529 198139 201676 70117580 38311997 32978894 31805583 48617586 47344319 114618118 113352304 4172269 6665085 202389637 204003587 3361566 3241918 3361566 3241918 X 198189071 199922669 839000 839000 199028071 200761669 202389637 204003587 X 11429456 -9695858 X 0 1 1 X 0 X 16514254 16056350 9558545 2812 14072153 56204114 6098901 5624923 5972381 5017931 5081524 27795660 22613155 21681273 15530926 5020743 19153677 83999774 0 0 0 83999774 5000314 3803514 2546480 2708336 3972520 18031164 5000314 3803514 2546480 2708336 3972520 18031164 27613469 25484787 18077406 7729079 23126197 102030938 0.82330 0.80610 0.17670 0.19390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 839000 839000 839000 839000 839000 839000 839000 839000 1.00000 0 0 1323205 1323205 40921211 18808053 22113158 9991189 7900975 2090214 17881975 11602969 6279006 31805583 INTERNATIONAL EQUITY INDEX FUND 14732863 F DOMESTIC EQUITY INDEX FUND 98619441 F 113352304 29685029 18255573 11429456 -9695858 -9695858 1733598 21206519 -9695858 -9695858 30902377 -1217348 -1217348 29685029 19472921 1217348 1217348 18255573 0 18255573 PART III, LINE 1A: COLLECTIONS FOOTNOTE: "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 PART III LINE 1A 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 SALE 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: DESCRIPTIONS OF THE ORGANIZATION'S COLLECTIONS: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE FOUNDATIONS HAVE MET THE CONDITIONS DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) (PUBLICLY SUPPORTED CHARITY) OF THE INTERNAL REVENUE CODE (THE CODE). THE FOUNDATIONS ARE EXEMPT FROM INCOME TAX UNDER THE CODE SECTION 501(C)(3), THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE TAX YEARS ENDING 2008, 2009, AND 2010 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES." PART XII LINE 4B: COST OF GOODS SOLD $1,163,737; RENTAL EXPENSES $53,611 PART XIII LINE 2D: COST OF GOODS SOLD $1,163,737; RENTAL EXPENSES $53,611 EUROPE 0 0 PROGRAM SERVICES CARILLON DEDICATION 18000 0 0 0 0 0 0 18000 0 18000 0 0 0 0 0 0 PART 1 LINE 3 THE FOUNDATION USES THE ACCRUAL METHOD OF ACCOUNTING. THE PROGRAM SERVICE EXPENDITURES IN EUROPE WERE INCURRED AND PAID IN 2011. X X 1 1 X X X 0 0 1 0 0 0 0 0 0 DAVID HILLER 94611 283834 0 0 10335 31003 11749 35246 4508 13525 121203 363608 0 0 LOUIS MARSICO 174617 94024 0 0 18455 9938 30547 16448 17995 9689 241614 130099 0 0 DAVID GRANAT 28052 205713 0 0 1879 13778 5639 41356 2511 18417 38081 279264 0 0 MELINDA ROSEBRAUGH 80300 53533 0 0 7172 4781 17935 11957 12874 8583 118281 78854 0 0 DONALD COOKE 13148 249803 0 0 539 10247 1465 27828 1603 30461 16755 318339 0 0 MICHAEL NASS 167947 0 0 0 7476 0 35177 0 20733 0 231333 0 0 0 RAYMOND DEBIASE 50921 85377 0 0 585 980 5207 8730 9649 16179 66362 111266 0 0 SCOTT WITTE 114060 0 0 0 6085 0 21372 0 29799 0 171316 0 0 0 MATTHEW LAFOND 125770 0 0 0 7183 0 24476 0 25739 0 183168 0 0 0 PATTIE OVERSTREET-MILLER 47815 111567 0 0 3838 8956 10285 23999 7801 18201 69739 162723 0 0 PAUL HERBERT 141570 0 0 0 6821 0 30076 0 46856 0 225323 0 0 0 SUPPLEMENTAL INFORMATION PART III 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 2011 THE FOUNDATION 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 REIMBURSEMENT WAS NOT TREATED AS TAXABLE COMPENSATION. PART I LINE 1A 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 2011 IS AS FOLLOWS: P. HERBERT, EXECUTIVE DIRECTOR CANTIGNY FIRST DIVISION MUSEUM - $25,798. PART I LINE 4C: L. MARSICO WAS A PARTICIPANT IN THE FOUNDATION'S (AND RELATED ORGANIZATIONS') EQUITY-BASED COMPENSATION ARRANGEMENT. THE MARKET VALUE OF THE RELATED OPTIONS WAS $60,270 AS OF 12/31/11. X 94 0 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: PART 1 LINE 33 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 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. FORM 990 PART VII SECTION A LINE 1-17 AVERAGE HOURS PER WEEK FOR RELATED ORGANIZATIONS (COLUMN B) ARE AS FOLLOWS: J. DOWDLE - 3; D. FITZSIMONS - 4; J. MADIGAN - 3; R. MUSIL - 3; S. SMITH - 3; N. D. WYCLIFF - 3; D. HILLER - 30; D. COOKE - 38; D. GRANAT - 26; L. MARSICO - 14; M. ROSEBRAUGH - 16; OVERSTREET-MILLER - 28; R. DEBIASE - 25. FORM 990 PART X LINE 1-34 BEGINNING NET ASSETS REFLECTS A CHANGE FROM THE 2010 CANTIGNY FOUNDATION 990 ENDING NET ASSETS OF $1,924,019 DUE TO MERGER OF CANTIGNY FIRST DIVISION FOUNDATION AND MCCORMICK FREEDOM PROJECT INTO CANTIGNY. ACCORDINGLY, ALL ASSETS AND LIABILITIES OF CANTIGNY FIRST DIVISION FOUNDATION AND MCCORMICK FREEDOM PROJECT BECAME ASSETS AND LIABILITIES OF CANTIGNY FOUNDATION ON JANUARY 1, 2011. ASSETS AND LIABILITIES BALANCES HAVE BEEN ADJUSTED ACCORDINGLY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -9,695,858. ROBERT R MCCORMICK FOUNDATION 205 N MICHIGAN AVENUE SUITE 4300 CHICAGO IL 60601 363689171 GRANTMAKING IL 501(C)(3) 7 N/A 0 CANTIGNY FIRST DIVISION FOUNDATION 1 S 151 WINFIELD ROAD WHEATON IL 60189 362379641 MUSEUM IL 501(C)(3) 7 N/A 0 MCCORMICK FREEDOM PROJECT 205 N MICHIGAN AVENUE SUITE 4300 CHICAGO IL 60601 201255586 MUSEUM, OUTREACH PROGRAMS IL 501(C)(3) 7 N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 PART II LINE 2 AND 3 EFFECTIVE JANUARY 1, 2011 AT 12:01AM CANTIGNY FIRST DIVISION FOUNDATION AND MCCORMICK FREEDOM PROJECT WERE MERGED INTO CANTIGNY FOUNDATION.