2012-08-10T14:04:06-05:00 2011-12-31 GRANT THORNTON LLP 175 W JACKSON BLVD STE 2000 CHICAGO IL 60604 990 2011-01-01 362167797 Museum of Science and Industry % ROBERT H FISHER MUSE 7736849844 57th Street and Lake Shore Drive Chicago IL 606372093 ROBERT H FISHER 2012-08-10 DANIEL ROMANO 3128560200 2012-08-10 2011 2016-02-24 21:20:13Z David Mosena 57th Street and Lake Shore Dr Chicago IL 606372093 61381604 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. 109 104 461 651 1517163 -92290 32691579 24941604 15503364 19087744 4829479 4426043 3826847 4779261 56851269 53234652 0 7495 0 0 17628561 23974606 97563 43307 6094223 41830557 40628139 59556681 64653547 -2705412 -11418895 317918092 290457111 92903906 84579902 225014186 205877209 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 VIA SPECIAL PROGRAMS, LEARNING LABS, EDUCATOR COURSES AND MORE. false false 24390792 9539532 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. 8400790 5134516 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. 4222814 7495 529738 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. 2374161 0 3978719 39388557 true true false true false false true false true true true false false true false 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 true false false false false false false false false true 142 0 false 461 true true true false CJ false false false true true false false false false X 109 104 true false false false false false false true true false false true true true true true true true true false FL IL MI NY OH WI X ROBERT H FISHER 7739473747 57TH STREET AND LAKE SHORE DRIVE Chicago IL 606372093 David Mosena 35.0 X X 516955 0 45240 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 Martin Cabrera Jr 1.0 X 0 0 0 John A Canning Jr 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 Christopher M Crane 1.0 X 0 0 0 James S Crown 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 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 William C Foote 1.0 X 0 0 0 James J Fuentes 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 James A Gray 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 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 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 Barry L MacLean 1.0 X 0 0 0 Timothy P Maloney 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 Robert S Murley 1.0 X 0 0 0 Terry E Newman 1.0 X 0 0 0 William A Osborn 1.0 X 0 0 0 Sheila A Penrose 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 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 James A Skinner 1.0 X 0 0 0 Jeffrey A Smisek 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 Michael Tang 1.0 X 0 0 0 Mark A Thierer 1.0 X 0 0 0 Glenn F Tilton 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 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 Rhett W Butler 1.0 X 0 0 0 Peter R Carney 1.0 X 0 0 0 Frank W Considine 1.0 X 0 0 0 Stanton R Cook 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 James C Dowdle 1.0 X 0 0 0 Jeres D Fluno 1.0 X 0 0 0 David W Grainger 1.0 X 0 0 0 J Ira Harris 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 Charles S Locke 1.0 X 0 0 0 Frank W Luerssen 1.0 X 0 0 0 Dr Thomas L Martin Jr 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 Walter R Peirson 1.0 X 0 0 0 Cindy Pritzker 1.0 X 0 0 0 Louis A Simpson 1.0 X 0 0 0 S Jay Stewart 1.0 X 0 0 0 Eugene A Tracy 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 Robert Fisher 35.0 X 230062 0 38647 Kurt Haunfelner 35.0 X 236690 0 23772 Robert J Gallas Jr 35.0 X 196428 0 15998 Andrea Ingram 35.0 X 213006 0 23974 Shannon Alexander 35.0 X 154398 0 5086 Eileen Cabrera 35.0 X 85791 0 17668 Robert Shafis 35.0 X 140662 0 28655 Katherine Garant 35.0 X 126676 0 31996 David Hanses 35.0 X 162628 0 22355 Duncan Harris 35.0 X 154005 0 15630 Denise Johnson 35.0 X 125071 0 21389 2342372 0 290410 28 false true false Hoffman York 142 E Ontario St CHICAGO IL 60611 Advertising 2866170 Eurest Services 4700 N Oketo HARWOOD HEIGHTS IL 60706 Cleaning Services 1398506 Allied Security LLC PO Box 828854 PHILADELPHIA PA 19182 Security 1017698 Sodexo American LLC 57th and Lakeshore Drive CHICAGO IL 60637 Catering 1016991 Jones Lang LaSalle Americas Inc 200 E Randolph 47th Fl CHICAGO IL 60601 Facilities Mgmt 542643 22 1714909 2126530 6436394 14663771 7666659 24941604 GENERAL ADMISSION 900099 9514222 9514222 U-505 PERMANENT EXHIBITS 900099 1289752 1289752 OMNIMAX THEATER 900099 1598696 1598696 MUSEUM STORE COMMISSIONS 900099 834318 834318 SPECIAL EXHIBITS 900099 3291393 3291393 2559363 2559363 19087744 2105097 2105097 0 10000 10000 887112 814146 72966 72966 327438 -254472 8296572 223762 6199388 0 2097184 223762 2320946 2320946 108459 2126530 815173 -706714 -706714 9100 28707 -19607 -19607 823677 289538 534139 495378 38761 PARKING AND OTHER GUEST SERVICES 900099 2563701 69007 2494694 FOOD COURT 722210 1067548 1067548 PRIVATE EVENT SERVICE REVENUE 900099 694347 694347 562881 25754 537127 4888477 53234652 19182505 1517163 7593380 0 7495 7495 0 0 1547539 449696 943445 154398 0 16696285 10344493 3949118 2402674 218452 123356 85608 9488 4402262 2184510 1330758 886994 1110068 626837 435017 48214 624219 558569 65650 237368 52961 184407 24150 24150 99228 99228 43307 43307 430994 430994 3394086 2162884 1000788 230414 4153508 60824 4017548 75136 2369658 1146379 323525 899754 619382 96984 500298 22100 0 1664010 1320591 343419 349208 193786 90624 64798 0 0 2298152 2298152 0 15957398 15915747 41651 279630 279630 BANK FEES/CREDIT CARD FEES 1372308 1372308 PROGRAM DEVELOPMENT 869448 363076 277 506095 BUILDING MAINTENANCE 754097 586645 167452 TRAINING/RECRUITMENT 693296 182096 359425 151775 4437999 3011628 926523 499848 64653547 39388557 19170767 6094223 2043395 2987327 6855125 7315317 33094380 25044005 2470790 1503407 0 0 0 0 0 0 421301 460746 853616 1008578 358892761 179267158 190860644 179625603 54060326 37803727 25973893 33065689 0 0 0 0 1284622 1642712 317918092 290457111 7596342 5744528 0 0 2119471 1869471 16800000 9301000 0 0 0 0 65520487 64639302 0 0 867606 3025601 92903906 84579902 X 175253543 149888609 44275643 50503600 5485000 5485000 225014186 205877209 317918092 290457111 X -11418895 -7718082 X false true true X true true X 51297359 51192090 35056094 32691579 24941604 195178726 51297359 51192090 35056094 32691579 24941604 195178726 41876770 153301956 3333204 2335610 3746287 2405226 2115097 13935424 3610330 2953307 3681766 3768020 4216928 18230351 227344501 88284469 0.67432 0.72442 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 239211 false false 239211 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 Form 990, 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 5845132 -298249 208884 5337999 5514447 0 599415 0 268730 0 5845132 4597491 0 1604030 687074 0 5514447 985000 5000000 -1330674 0 56835 0 4597491 1.00000 false false 0 137982893 55219667 82763226 0 6978558 5594397 1384161 0 213931310 118453094 95478216 179625603 EQUITY FUNDS- DOMESTIC 10970484 F FIXED INCOME FUNDS 21992517 F EQUITY HEDGE FUND 102688 F 33065689 0 CAPITAL LEASE OBLIGATION 332732 PENSION LIABILITY 1138351 INTEREST RATE SWAP 1554518 3025601 53234652 64653547 -11418895 -7408542 -309540 -7718082 -19136977 45321757 -7408542 1947564 -5460978 50782735 430994 2020923 2451917 53234652 64458734 309540 1947564 2257104 62201630 430994 2020923 2451917 64653547 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. 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. Supplemental Description - Other Schedule D, Part XII, Line 2d RENTAL EXPENSES $814,146 COST OF GOODS SOLD $289,538 FUNDRAISING EXPENSES $815,173 GAMING ACTIVITIES EXPENSES $28,707 ____________ TOTAL $1,947,564 Supplemental Description - Other Schedule D, Part XII, Line 4b MINIMUM PENSION LIABILITY $466,405 CHANGE IN VALUE OF INTEREST RATE SWAP $1,554,518 _____________ TOTAL $2,020,923 Supplemental Description - Other Schedule D, Part XIII, Line 2d RENTAL EXPENSES $814,146 COST OF GOODS SOLD $289,538 FUNDRAISING EXPENSES $815,173 GAMING ACTIVITIES EXPENSES $28,707 ____________ TOTAL $1,947,564 Supplemental Description - Other Schedule D, Part XIII, Line 4b MINIMUM PENSION LIABILITY $466,405 CHANGE IN VALUE OF INTEREST RATE SWAP $1,554,518 _____________ TOTAL $2,020,923 Central America and the Caribbean Investments N/A 102688 102688 102688 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 48705 29023 19682 SD A Teleservices 5757 W Century Blvd Los Angeles CA 90045 Telemktg Membership false 16510 14254 2256 65215 43277 21938 FL IL MI NY OH WI Black Creativit 512151 485576 26575 47252 132973 14501 269916 Columbian Ball 1722838 1640954 81884 105486 6500 238545 0 2234989 2126530 108459 47252 238459 21001 508461 815173 -706714 57th Street and Lake Shore Drive Chicago IL 60637 Fundraising Agreements Form 990, 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. Comnet Marketing membership fundraising expense for telemarketing was targeted to members who had joined via the Groupon promotion of the previous year and their promotion had expired. The expense of calling them resulted in fewer renewals than anticipated. 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 PROSPECTS 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. SD & A Teleservices telemarketing fundraising strategy was to support the efforts of the Individual Giving direct mail campaign. Its primary role was to act as a follow up and reminder rather than major revenue generating fundraising medium. As part of the overall restructuring of the IG program, this was an area where we knew we needed to invest money to see long term results, which is why there is a very narrow margin of revenue from 2011 TM efforts. true Science Achievers - Case Celebration 30 0 7495 FMV Laptop Monitoring the Use of Grant Funds Schedule I, Part 1, Line 2 Laptop computers were provided to 30 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 2011. 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 true false false false false false true false David Mosena 438886 0 75000 0 3069 0 23250 0 22009 0 562214 0 0 0 Robert Fisher 220062 0 10000 0 0 0 14658 0 23990 0 268710 0 0 0 Kurt Haunfelner 226690 0 10000 0 0 0 11462 0 12330 0 260482 0 0 0 Robert J Gallas Jr 186428 0 10000 0 0 0 13996 0 2021 0 212445 0 0 0 Andrea Ingram 203006 0 10000 0 0 0 16195 0 7798 0 236999 0 0 0 Shannon Alexander 138187 0 16211 0 0 0 0 0 5099 0 159497 0 0 0 Robert Shafis 134283 0 6379 0 0 0 9666 0 19009 0 169337 0 0 0 Katherine Garant 124176 0 2500 0 0 0 10407 0 21609 0 158692 0 0 0 David Hanses 143850 0 18778 0 0 0 7531 0 14843 0 185002 0 0 0 Duncan Harris 151505 0 2500 0 0 0 12380 0 3250 0 169635 0 0 0 Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b David Mosena, President, received a payout of $2,274,798 for retirement plan benefit. It was reported on W-2s in prior years and previously filed 990 forms. Non-Fixed Payments Form 990, Part I, Line 7 The Compensation Committee reviewed and approved bonuses for the President, ($75,000); the VP's, ($10,000); and the Directors ($2,500); with the exception of one VP, who received $16,211 and two Directors who received more than the $2,500. One of the Directors received $18,778 and the other one received $6,379 due to their extraordinary work for the capital campaign. None of these bonus amounts are based on the organization's net earnings. IFA Series 2009A-D 861091967 45200FJ91 2009-12-17 64000000 Construction, Exhibits false false false 0 0 64000000 0 0 62937702 429298 0 633000 0 0 0 true false true true false false false false 0.00000 0.00000 0.00000 true false true false 0 false 0 false false Procedures to Undertake Corrective Action Schedule K, Part V 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 465969 Bond/LOC Interest/Fees false David E Donovan Trustee 655700 Corporate Credit Card Payments false Timothy P Maloney Trustee 206083 Bond Interest/LC Commission false William L Morrison Trustee 254143 Bond/Bank Fees false Sheila A Penrose Trustee 420541 Contract Employees 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 JPMorgan Chase and excuses himself when the Finance Committee is voting on financial matters related to MSI and the JPMorgan 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. 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. Sheila A Penrose, a trustee of MSI, is a chairman of Jones Lang LaSalle. MSI transactions with Jones Lang LaSalle were based on contractual agreements and were done in terms similar to those given to the general public. Services with Jones Lang LaSalle were terminated in Mid-2011. There is no conflict since Mrs. Penrose does not belong to any of the board committees responsible for approving transactions with this vendor (I.E. building and grounds). X 48 6909294 Cost/Selling price X Black Creativity Raffle 35 78118 Cost/Selling price X Furnitures & TV 3 59125 Cost/Selling price X Smart Home 46 223672 Cost/Selling price X Software Upgrade 1 388700 Cost/Selling price X Cubs Ticket & Gift Cards 3 7750 Cost/Selling Price 1 false true true Third Party Assistance of Noncash Contributions Schedule M, Part I, 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 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. W-2G Compliance FORM 990, PART V, LINE 1C The Museum occasionally holds raffle at special events for which it has attempted, in good faith, to obtain social security numbers from the winners in order to issue a Form W-2G for those prizes that may require such reporting. For calendar year 2011, the Museum has begun this process and hopes to issue such forms by their due dates in 2012. In addition, the museum has instituted a policy that requires all information to be collected from prize winners prior to turning over the prizes to them so the Museum may comply with the requirements more easily. Relationship between Board Members Form 990, Part VI, Line 2 MICHAEL J. BIRCK AND FREDERICK A. KREHBIEL BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. CHARLES K. BOBRINSKOY AND DAVID J. VITALE HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. CHARLES K. BOBRINSKOY AND ERIC P. LEFKOFSKY BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. CHARLES K. BOBRINSKOY AND DAVID J. VITALE BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. FRANK M. CLARK AND JESSE H. RUIZ HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. JAMES S. CROWN AND LESTER CROWN ARE MEMBERS OF THE SAME FAMILY. JAMES S. CROWN AND LESTER CROWN ARE OFFICERS AND EMPLOYEES OF THE SAME ORGANIZATION OUTSIDE OF THE MUSEUM. KENT P. DAUTEN, JOHN A. CANNING, AND LARRY D. RICHMAN ALL SERVE ON A BOARD OUTSIDE OF THE MUSEUM. KENT P. DAUTEN AND LARRY D. RICHMAN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. KENT P. DAUTEN AND JOHN A. CANNING HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. DEBORAH L. DEHASS AND BETSY D. HOLDEN ARE MEMBERS OF THE SAME FAMILY. DAVID E. DONOVAN AND JAMES S. CROWN HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. MICHAEL W. FERRO, JR., JEFFREY S. ARONIN, JOHN A. CANNING, WILLIAM J. DEVERS, JR., W. JAMES FARRELL, ANDREW J. MCKENNA, J. CHRISTOPHER REYES, MICHAEL J. SACKS, JOHN F. SANDER, MICHAEL TANG, AND MILES D. WHITE HAVE A BUINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. MICHAEL W. FERRO, JR. AND ERIC P. LEFKOFSKY HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. DAVID W. GRAINGER AND JAMES T. RYAN ARE BOTH OFFICERS AND EMPLOYEES OF AN ORGANIZATION DOING BUSINESS WITH 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 AND JEFFREY S. ARONIN BOTH SERVE ON A BOARD 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 SERVE ON A BOARD OUTSIDE OF THE MUSEUM. ANDREW J. MCKENNA AND MICHAEL W. FERRO, JR. BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. ANDREW J. MCKENNA AND WILLIAM J. DEVERS, JR. BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. WILLIAM A. OSBORN, W. JAMES FARRELL, GLENN F. TILTON, AND MILES D. WHITE ALL SERVE ON A BOARD OUTSIDE OF THE MUSEUM. WILLIAM A. OSBORN AND BETSY D. HOLDEN BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. J. CHRISTOPHER REYES, MICHAEL W. FERRO, JR., AND ANDREW J. MCKENNA HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. J. CHRISTOPHER REYES AND ANDREW J. MCKENNA HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. JAMES T. RYAN AND DAVID W. GRAINGER BOTH SERVE ON A BOARD OUTSIDE OF THE MUSEUM. S. JAY STEWART AND RONALD J. GIDWITZ BOTH SERVE ON A BOARD OUTSIDE OF THE MUSUEUM. DAVID J. VITALE, W. JAMES FARRELL, JAMES J. O'CONNOR, JEFFREY A. SMISEK, AND GLENN F. TILTON ALL SERVE ON A BOARD OUTSIDE OF THE MUSEUM. GREGORY D. WASSON, WILLIAM C. FOOTE, ALEJANDRO SILVA AND JAMES A. SKINNER ALL HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE MUSEUM. GREGORY D. WASSON, WILLIAM C. FOOTE, ALEJANDRO SILVA, AND JAMES A. SKINNER ALL SERVE ON A BOARD OUTSIDE OF THE MUSEUM. MILES D. WHITE, W. JAMES FARRELL, EDWARD M. LIDDY, WILLIAM A. OSBORN, AND GLENN F. TILTON ALL SERVE ON A BOARD OUTSIDE 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 BOTH SERVE ON A BOARD OUTSIDE OF THE MUSUMEM. 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 filing with the IRS. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c ANNUALLY THE MUSEUM SENDS A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL TRUSTEES, OFFICERS, AND CERTAIN MANAGEMENT EMPLOYEES. THE QUESTIONNAIRE ASKS SPECIFIC QUESTIONS RELATING TO BUSINESS TRANSACTIONS WITH THE MUSEUM AND BETWEEN OFFICERS, TRUSTEES AND MANAGEMENT EMPLOYEES. THE MUSEUM'S COMPLIANCE OFFICER AND INTERNAL AUDITOR REVIEW THE RESPONSES TO THE QUESTIONNAIRES AND INVESTIGATE ANY REPORTED POTENTIAL CONFLICTS OF INTEREST WHERE A TRUSTEE, OFFICER OR EMPLOYEE MAY HAVE A BUSINESS TRANSACTION WITH THE MUSEUM OR IS A MEMBER OF A BOARD COMMITTEE RESPONSIBLE FOR APPROVING THE BUSINESS TRANSACTION. IN THOSE INSTANCES, THE TRUSTEE, OFFICER OR MANAGEMENT EMPLOYEE IS ASKED TO RECUSE THEMSELVES FROM PARTICIPATING IN ANY DISCUSSION OF OR VOTING UPON MATTERS RELATED TO THE BUSINESS TRANSACTION. 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 AND OFFICERS 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 HUMAN RESOURCES DEPARTMENT OBTAINS AND REVIEWS BENCHMARKED DATA TO ENSURE COMPENSATION FOR EXECUTIVE STAFF AND OFFICERS 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. 2. THE COMPENSATION COMMITTEE REVIEWS THE RECOMMENDED COMPENSATION FOR EXECUTIVE STAFF AND OFFICERS AND SUGGESTS MODIFICATIONS WHERE APPROPRIATE. 3. THE PROCESS AND DETERMINATIONS ARE CONTEMPORANEOUSLY DOCUMENTED. DUE TO THE ECONOMIC ENVIRONMENT AND THE REDUCTION OF SALARIES, THE PROCESS WAS LAST EVALUATED IN FEBRUARY 2009. Forms available for Public Inspection Form 990, Part VI- Section C, Line 18 The museum posted a copy of 2010 form 990 in its website and made copies of 2008, 2009, 2010 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. Statements available to the public Form 990, Part VI- Section C, Line 19 The museum's financial statements, annual reports, bylaws, article of incorporation, certificate of incorporation, code of conduct, conflict of interest, prior year form 990 copy are posted in the museum's website and also available upon request Restatement of audited financial statement Form 990, part X, balance sheet, column(A), beginning of year Subsequent to the issuance of the Museum's 2010 financial statements, management determined that there were net assets that were not appropriately released from restrictions for certain programs when expenses were incurred in prior years, resulting in a misclassification between temporarily restricted and unrestricted net assets. Consequently, certain amounts have been restated at January 1, 2010, and for the year ended December 31, 2010. other changes in net assets Form 990, Part XI, Line 5 Net Unrealized gains(losses) on investment $7,408,542 Donated Services & Use of Facilities $309,540 ----------- Total $7,718,082