2012-03-07T10:39:45-07:00 2011-06-30 990 2010-07-01 362167004 CHICAGO HISTORICAL SOCIETY CHIC 3126424600 1601 N Clark Street Chicago IL 60614 Cheryl Obermeyer 3127992120 2012-03-07 2010 2016-02-24 21:20:13Z Gary T Johnson 1601 N Clark Street Chicago IL 60614 18223917 0 X www.chicagohistory.org X 1857 IL The Chicago Historical Society collects, exhibits, and interprets documents, images and artifacts related to the history of metropolitan Chicago and the United States. The mission is to expand audiences for history, be a leader in history education and a premier research institution. 55 55 113 98 1099992 -213827 6024639 4926224 2363577 875766 7436151 2326779 -2316026 1481553 13508341 9610322 0 0 0 0 6990893 6064115 20000 0 670818 9172563 8205529 16183456 14269644 -2675115 -4659322 116514261 121080372 62924952 60189880 53589309 60890492 The Chicago Historical Society collects, exhibits, and interprets documents, images and artifacts related to the history of metropolitan Chicago and the United States. The mission is to expand audiences for history, be a leader in history education and a premier research institution. 0 0 7162140 0 683597 EDUCATION AND AUDIENCE The museum engages audiences as collaborators, storytellers, and supporters of history. The museum facilitates dialogue among the visitors. It organizes and presents school programs, along with teacher workshops that assist with the development of curriculum for students. The institution pursues these areas through audience development and strives to encourage program participation with families, younger adults, museum members and schools. The museum seeks to give context to the history for all audiences to better represent the people, places, events and experiences of Chicago. In FY11 the museum had more than 50,000 K-12 students, along with more than 250,000 patrons through museum visits, adult education programs, and public history tours of the city of Chicago. The Education department hosted more than a dozen teacher open house and workshops and created online teacher resources on American history topics ranging from "The Civil in Chicago" to "Facing Freedom Challenges to Democracy". 2088592 0 192169 COLLECTIONS AND RESEARCH The museum seeks to utilize and showcase the museum's premier collections, including our unparalleled collection of Abraham Lincoln materials. The institution seeks to discover the power of original historical materials and to improve access and maximize the collections. It allows people to engage in making personal connections to history and the artifacts represented. It makes these materials available to the public through multiple platforms. The museum's 22 million-item collection is one of the most treasured history collections. It includes the second largest Costume collection in the U.S., the Hedrich Blessing photography collection, a Betsy Ross flag and the complete library of Studs Terkel interviews. Efforts are ongoing to photograph, digitize and catalogue the collection to make it more accessible to visitors, students and researchers. The Research Center had more than 15,000 patrons in FY11 and there were more than 100,000 inquiries that utilized our online curriculum and online collections research capabilities. 619484 0 0 EXHIBITS Provide stories in multiple languages in the exhibitions text panels along with photos, video and the historic artifacts. These enable a visitor to explore the concepts of history. The exhibits are designed, fabricated and installed so that our audience is interacting with the history. The key component of an exhibit is communicating Chicago's stories to our visitors. In addition to ongoing permanent exhibitions such as "Chicago: Crossroads of America" and "Lincoln's Chicago" the Chicago History Museum presents topical exhibitions that focus on the stories of Chicago's many diverse communities. FY2011 exhibitions included "My Chinatown", "Out in Chicago" and "I Do: Chicago Ties the Knot". 0 0 0 9870216 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 113 1 1 1 0 0 0 0 0 0 0 0 0 X 55 55 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Cheryl Obermeyer 3127992120 1601 N Clark Street Chicago IL 60614 James L Alexander 0 X 0 0 0 David Blake 0 X 0 0 0 David P Bolger 0 X 0 0 0 Philip D Block III 0 X 0 0 0 Laurence O Booth 0 X 0 0 0 Stanley J Calderon 0 X 0 0 0 Walter C Carlson 0 X 0 0 0 Warren K Chapman 0 X 0 0 0 John W Croghan 0 X 0 0 0 Patrick F Daly 0 X 0 0 0 Stewart S Dixon 0 X 0 0 0 Patrick W Dolan 0 X 0 0 0 Paul H Dykstra 0 X 0 0 0 Michael H Ebner 0 X 0 0 0 T Bondurant French 0 X 0 0 0 Timothy J Gilfoyle 0 X 0 0 0 Sharon Gist Gilliam 0 X 0 0 0 Thomas M Goldstein 0 X 0 0 0 Mary Lou Gorno 0 X 0 0 0 Cynthia Greenleaf 0 X 0 0 0 Barbara A Hamel 0 X 0 0 0 M Hill Hammock 0 X 0 0 0 Susan Higinbotham 0 X 0 0 0 David D Hiller 0 X 0 0 0 Tobin E Hopkins 0 X 0 0 0 Dennis H Holtschneider 0 X 0 0 0 Henry W Howell Jr 0 X 0 0 0 Phillip W Hummer 0 X 0 0 0 Daniel S Jaffee 0 X 0 0 0 Richard M Jaffee 0 X 0 0 0 Edgar D Jannotta 0 X 0 0 0 Falona Joy 0 X 0 0 0 Randye A Kogan 0 X 0 0 0 Judith Konen 0 X 0 0 0 W Paul Krauss 0 X 0 0 0 Fred A Krehbiel 0 X 0 0 0 Joseph H Levy Jr 0 X 0 0 0 Paul R Lovejoy 0 X 0 0 0 R Eden Martin 0 X 0 0 0 Josephine Baskin Minow 0 X 0 0 0 Robert Meers 0 X 0 0 0 Timothy P Moen 0 X 0 0 0 Robert J Moore 0 X 0 0 0 Michael A Nemeroff 0 X 0 0 0 Potter Palmer 0 X 0 0 0 John W Rowe 0 X 0 0 0 Jesse H Ruiz 0 X 0 0 0 Gordon I Segal 0 X 0 0 0 Larry Selander 0 X 0 0 0 Paul L Snyder 0 X 0 0 0 Samuel J Tinaglia 0 X 0 0 0 Noren W Ungaretti 0 X 0 0 0 Ali Velshi 0 X 0 0 0 Joan Werhane 0 X 0 0 0 Jeffrey W Yingling 0 X 0 0 0 Gary T Johnson 40 X 261197 0 24387 Russell L Lewis 40 X 152842 0 11166 Cheryl Obermeyer 40 X 114103 0 12338 528142 0 47891 3 0 1 0 Eurest 4700 N Oketo Harwood Heights IL 60706 Cleaning Services 208649 M & G Graphics 3500 W 38th Street Chicago IL 60632 Printing 158889 2 0 392183 524848 0 1891356 2117837 0 4926224 Admissions/Programs 900099 683597 683597 0 0 Rights & Reproduction 900099 192169 192169 0 0 0 0 0 0 875766 1007541 0 1255 1006286 0 0 0 0 0 0 0 0 757794 0 0 0 757794 0 757794 0 757794 0 9733141 0 8413903 0 1319238 0 1319238 0 0 1319238 131212 524848 121686 9526 0 9526 418949 78006 340943 0 340943 0 Cafe Services 722210 282091 0 0 282091 Collections 900099 48338 0 0 48338 Museum Store 453220 42861 0 0 42861 0 0 0 0 373290 9610322 875766 1099992 2708340 0 0 0 0 0 0 0 0 673162 189155 484007 0 0 0 0 0 4356620 3212847 898717 245056 178705 110332 58632 9741 531735 339203 166067 26465 323893 219161 87313 17419 370568 132580 116053 121935 7438 0 7438 0 51475 51475 0 0 0 0 0 0 0 566358 0 566358 0 1189017 877059 283307 28651 503766 503766 0 0 262334 83623 40001 138710 52267 27992 11153 13122 0 0 0 0 849018 628273 186784 33961 32222 22212 7634 2376 0 0 0 0 24295 19077 2692 2526 1874697 1387277 412433 74987 0 0 0 0 1750758 1295561 385167 70030 188116 139206 41385 7525 Exhibits design and publications 265000 265000 0 0 Collection conservation materials 111431 111431 0 0 106769 306461 -78006 -121686 14269644 9870216 3728610 670818 0 0 2401799 2042703 1397392 733776 3591814 3626244 0 0 0 0 0 0 307239 94453 137520 298064 61581702 29629845 33090444 31951857 0 0 70774582 76780921 0 0 0 0 4813471 5552354 116514261 121080372 1604372 1284777 0 320384 380643 50975000 50975000 0 0 0 0 0 0 0 0 10025196 7549460 62924952 60189880 X 39716573 47071372 2730827 1918388 11141909 11900732 53589309 60890492 116514261 121080372 X -4659322 11960505 X 0 1 1 X 0 X 8764310 5638517 3930746 4301312 3079373 25714258 2105292 2033563 2026770 2015402 1846851 10027878 0 0 0 0 0 0 10869602 7672080 5957516 6316714 4926224 35742136 0 35742136 2556345 1758878 1216625 966649 1006286 7504783 0 0 0 0 0 0 0 0 0 0 373290 373290 43620209 10802974 0.81939 0.8321 X The amounts reported as gifts, grants, contributions, and membership dues recorded in Section A, Public Support, lines 1-2 have been updated for columns (A) 2006 through (D) 2009 to accurately reflect the amounts received for each of those years. The adjustment had a minimal affect to the public support percentage change. Other Income is from cafe services, collections and museum store. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X X Education 0 6967021 0 992796 0 467444 0 7492373 6720427 0 712074 0 465480 0 6967021 7635854 0 -490453 0 424974 0 6720427 0.09 0.91 0 1 0 0 1 1 0 47534540 23079056 24455484 0 0 0 0 0 14047161 6550789 7496372 0 0 0 0 31951857 21375423 F 31160112 F Hedge Funds 20990348 F Private equity limited partnerships 3255038 F 76780921 0 Interest rate swap agreement 7549460 7549460 9610322 14269644 -4659322 8516020 0 0 -1989641 5434126 11960505 7301183 18326034 8516020 0 0 199692 8715712 9610322 0 0 0 9610322 14469336 0 0 0 199692 199692 14269644 0 0 0 14269644 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The Chicago Historical Society's permanent collections, which were acquired through purchases and contributions from benefactors since the inception, are not recognized as assets on the 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 or as temporarily or permanently restricted net assets if the net assets used to purchase the items are restricted by donors. Contribution 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 Chicago Historical Society's collections are made up of artifacts of historical significance and art objects that are held for educational, research, and curatorial purposes. The items are cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are routinely performed. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Chicago Historical Society collects, exhibits, and interprets documents, images and artifacts related to the history of metropolitan Chicago and the United States. The mission is to expand audiences for history, be a leader in history education and a premier research institution. SchD_P05_S00_L01e Schedule D, Part V, Line 1e The prior years were updated to reflect the proper 990 review of reporting of this activity. SchD_P05_S00_L04 Schedule D, Part V, Line 4 To provide a predictable stream of funding to the programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. SchD_P10_S00_L02 Schedule D, Part X, Line 2 "In July 2006, the FASB issued FASB interpretation No. 48 ("FIN 48") (now referred to as ASC 740-10-25-6. "ASC 740"). "Accounting for Uncertainty in Income Taxes- An interpretation of FASB Statement 109," which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements only if the position is more likely than not to be sustained if the position were to be challenged by the taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the position may be challenged. The Chicago Historical Society is exempt from income tax under Internal Revenue Code ("IRC") Section 501(c)(3), though it is subject to tax on income unrelated to exempt purposes, unless that income is otherwise excluded by the IRC. The tax years ending 2008, 2009, and 2010 are still open to audit for both Federal and State purposes. The adoption of this guidance did not have any impact on The Chicago Historical Society's financial statements." SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of interest rate swap agreement $2,475,736 Change in value of split-interest agreement $716,020, ($190,000) loss on write-down of inventory, $2,840,609 transfer of subsidiary, Lincoln Park Society ($408,239) total on Line 8 equals $5,434,126. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d 121,686-Special event expenses, 78,006 cost of good sold SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d $121,686-Special events expenses, $78,006 cost of good sold Making History Awards 656060 524848 131212 0 0 0 40436 0 81250 0 0 656060 524848 131212 0 0 0 40436 0 81250 121686 9526 X X X X 0 0 0 0 0 0 0 0 0 Gary T Johnson 261197 0 0 0 0 0 10760 0 13627 0 285584 0 0 0 Russell L Lewis 152842 0 0 0 0 0 6134 0 5032 0 164008 0 0 0 Illinois Finance Authority 861091967 45200Bxs2 2006-02-09 50975000 capital construction 0 0 0 0 0 50975000 0 0 0 498494 0 50476506 50975000 0 0 2006 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 64 0 0 0 0 1 0 SchM_P01_S00_L02 Schedule M, Part I, Line 2 Chicago History Museum reports a zero amount on the Form 990, Part VIII, Line 1g because it did not capitalize its collections as allowed under SFAS 116. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 There are trustees who do have a family member on the Board. However, they act independently and each trustee does submit an annual conflict of interest statement. There have been no reports of a conflict in their role on the Board of Trustees. The Board members with a family relationship are a father/son, Daniel S Jaffee and Richard M Jaffee. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The completed 990 and the supporting schedules were provided and distributed to members of the Finance and Audit Committee in March 2012 for review and approval. The 990 was also distributed to all Board of Trustees in March 2012. Each trustee was requested to review the material. All comments or concerns were directed to the Vice President of Finance. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Chicago History Museum has a conflict of interest policy. This policy is provided to all trustees, employees and volunteers on an annual basis. Any conflicts are brought to the attention of President, Vice-Presidents and Board members as applicable. Trustees with conflicts must recuse themselves from meeting as appropriate. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Trustees is responsible for the annual review of compensation of officers of the organization. The Board members are independent. The Board evaluates performance on many components, including goals, comparable market data and then document their decision and recommendations on compensation. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Chicago Historical Society's financial statements, recognition of exemption and governing documents are made available upon request. The annual report(s) are available on the museum's website to the general public. The conflict of interest is available on the museum's intranet or upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Total to Part XI, Line 5: Change in value of interest rate swap $2,475,736; Change in split interest agreements $716,020; Loss on write down of inventory ($190,000); Prior year re-statement ($1,989,641); Transfer of subsidiary net deficit $2,840,609; Unrealized gains on the investments of $8,516,020; Transfer of subsidiary, Lincoln Park Society ($408,239). Additional time needed for 990 review process. Also, the federal updates to efile databases. The IRS has suspended the electronic filing systems for the Form 990 through February 29, 2012.