2011-08-11T15:14:20-05:00 2010-12-31 RSM MCGLADREY INC ONE SOUTH WACKER DRIVE SUITE 800 CHICAGO IL 606063392 990 2010-01-01 363523622 Marwen Foundation Inc MARW 3129442418 833 North Orleans Street No 1 Chicago IL 60610 Antonia Contro 3129442418 2011-08-11 1 David Faje 3126343400 2010 2016-02-24 21:20:13Z MARWEN Antonia Contro 833 North Orleans Street No 1 Chicago IL 60610 2762408 0 X WWW.MARWEN.ORG X 1987 IL Marwen provides high quality visual arts education, college planning and career development programs free of charge to the under-served youth of Chicago in grades 6 through 12. Over 2,000 students participate in Marwen programs each year. 37 37 66 85 44012 17020 1895737 1811568 144956 93495 -58808 116542 -24545 44281 1957340 2065886 0 0 0 0 1042811 1107414 0 0 302982 609493 755578 1652304 1862992 305036 202894 10992241 11597459 5227612 5218156 5764629 6379303 X Marwen's mission is to educate and inspire under-served young people through the visual arts-to help students find new ways to view themselves, their futures, and the world around them. This central commitment to art's power to change our perspectives drives Marwen's efforts to provide free, high-quality visual arts programs for under-served Chicago youth. 0 0 551778 Studio Programs - Providing top quality instruction in the visual arts to over 1,300 students participating in 90 courses and workshops. 209442 28440 Marwen Institute - Offered 17 professional development courses and workshops for school teachers and worked with local schools to provide arts education during the school day. 208587 College Programs - Offered college planning courses/workshops, intensive pre-college program, hosted it's own college night, developed scholarships from leading colleges reserved exclusively for Marwen students and individual counseling. 140178 4495 Career Programs - Offer courses and workshops that prepare young people for work in arts-related jobs; offer employment experiences and internships. 47631 250 Exhibitions 62225 59111 Design Program 111283 1199 Alumni Program 361317 65055 1331124 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 67 0 1 66 1 1 1 0 0 0 0 1 1 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IL X Antonia Contro 3129442418 833 North Orleans Street Suite 1 Chicago IL 60610 Bryan Traubert 0.50 X X 0 0 0 Deborah Quazzo 0.50 X X 0 0 0 Gail Marks 0.50 X X 0 0 0 Elliot Rawls 0.50 X X 0 0 0 Karen Zelden 0.50 X X 0 0 0 Andrew Weimer 0.50 X X 0 0 0 James Hill III 0.50 X X 0 0 0 Andrea Kayne Kaufman 0.50 X X 0 0 0 John Svoboda 0.50 X X 0 0 0 Leif Selkregg 0.50 X X 0 0 0 Steve Berkowitz 0.50 X X 0 0 0 Marcy Carlin 0.50 X 0 0 0 Heiji Choy Black 0.50 X 0 0 0 Rob Buono 0.50 X 0 0 0 Robert Buchsbaum 0.50 X 0 0 0 Anne Cox 0.50 X 0 0 0 Andrew Dembitz 0.50 X 0 0 0 Elissa Efroymson 0.50 X 0 0 0 Doug Gourley 0.50 X 0 0 0 Vicki Hood 0.50 X 0 0 0 AJ Jindal 0.50 X 0 0 0 Michael Kurzman 0.50 X 0 0 0 Scott Lang 0.50 X 0 0 0 Carol Levy 0.50 X 0 0 0 Carlos Martinez 0.50 X 0 0 0 James Pass 0.50 X 0 0 0 Isa Pressman 0.50 X 0 0 0 Katie Scott 0.50 X 0 0 0 Tom Shapiro 0.50 X 0 0 0 William Singer 0.50 X 0 0 0 Sheri Spielman 0.50 X 0 0 0 Kimberly Taylor-Smith 0.50 X 0 0 0 Carmita Vaughan 0.50 X 0 0 0 David Weinberg 0.50 X 0 0 0 Jim Wicks 0.50 X 0 0 0 Akilah Williams 0.50 X 0 0 0 Hilary Wolfe 0.50 X 0 0 0 Antonia Contro 35.00 X 145000 0 5364 145000 0 5364 1 0 1 0 0 514043 109500 1188025 296194 1811568 Design 900099 59111 59111 Marwen Institute 900099 28440 28440 Other 900099 4495 4495 Alumni 900099 1199 1199 Exhibition 900099 250 250 93495 115539 -269 115808 254685 210404 44281 44281 44281 242612 241609 1003 1003 1003 244509 514043 244509 0 2065886 93495 44012 116811 150364 88918 35026 26420 814630 525237 96218 193175 67051 45068 6025 15958 75369 50209 7570 17590 73 73 269500 240645 26930 1925 92171 54126 16095 21950 89546 78982 11246 -682 22722 18348 296 4078 6797 3552 2055 1190 8820 7434 1058 328 156310 131735 18757 5818 1841 1841 Other expenses 63734 50657 3316 9761 Art Supplies 31085 31085 0 0 Dues/Subscriptions 6640 1480 290 4870 Staff expenses 6339 3648 2090 601 1862992 1331124 228886 302982 197224 192330 532343 740957 622226 294695 1000 7970 199310 175727 5584706 990856 4605916 4593850 3916421 4685400 494608 500000 423193 406530 10992241 11597459 117958 105916 29654 32240 5080000 5080000 5227612 5218156 X 5208089 5972992 556540 406311 5764629 6379303 10992241 11597459 X 202894 411780 X 0 1 1 X 0 X 1410953 1683038 2482118 1895737 1811568 9283414 1410953 1683038 2482118 1895737 1811568 9283414 1121854 8161560 209795 150941 218702 302341 370224 1252003 10535417 1832394 0.77470 0.80160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1130000 1130000 4025501 793666 3231835 429205 197190 232015 4593850 2065886 1862992 202894 427275 -15495 411780 614674 2680816 427275 244509 671784 2009032 73 56781 56854 2065886 2066142 203223 203223 1862919 73 73 1862992 Description of Uncertain Tax Positions Under FIN 48: Part X: Marwen files Form 990 (Return of Organization Exempt from Income Tax) annually. When this return is filed, it is highly certain that positions taken would be sustained upon examination by the taxing authorities. Examples of tax positions common to nonprofit organizations include such matters as the following: the tax exempt status of the entity, the continued tax exempt status of bonds issued, and various positions relative to potential sources of unrelated business taxable income (UBIT). The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that is more likely than not that the position will be sustained upon examiniation, including the resolution of appeals or litigation processes, if any. At June 30, 2010 and 2009, no such positions were recognized. Part XI, Line 8 - Other Adjustments: Investment income/loss from K-1 WHI NFP Fund, LLC -15,495. Part XII, Line 2d - Other Adjustments: Special Events 203,223. Donated prizes for silent/live auction 41,286. Part XII, Line 4b - Other Adjustments: Donated prizes for silent/live auction 41,286. Investment income/loss from K-1 WHI NFP Fund, LLC 15,495. Part XIII, Line 2d - Other Adjustments: Special Events 203,223. Dinner/Auction 727800 497970 229830 41286 88904 70238 4975 25718 Art Fair 26523 12158 14365 4781 8607 1 4229 3915 314 758552 514043 244509 41286 88904 75019 4975 34325 244509 0 X X X 0 0 0 0 0 0 0 0 0 Antonia Contro 145000 0 0 0 0 0 3366 0 1998 0 150364 0 0 0 Illinois Finance Authority 861091967 45200FMN6 2008-08-01 5080000 See Detail 0 0 0 2201290 5080000 22711 137600 2311870 406529 2008 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 Schedule K, Part I, Bond Issues: (A) Issuer Name: Illinois Finance Authority (F) Description of Purpose: -To purchase 3rd, 4th floors & 1/2 basement & parking lot. To repay 1999 series bond. To renovate the 3rd floor. To furnish and equip staff offices and conference rooms. Andrea Kayne Kaufman Marwen Trustee and wife of principal in firm renting space from Marwen 155205 Annual Rent - 4th floor 0 David Ruttenberg Former Trustee - Principal in a company that rents space from Marwen 227685 Annual Rent - 3rd and 4th floors 0 X 4 184349 Reported value-gift date X Paper - for brochures, holiday cards and other pri 1 12700 List price X Software 2 99145 List price 0 0 0 Form 990, Part VI, Section B, line 11 The Board of Trustees has delegated the authority to review and approve Marwen's Form 990 tax return to the Finance Committee. This delegation was made at the May 2009 Board of Trustee's meeting and remains in effect for the 2010 fiscal year. Form 990, Part VI, Section B, line 12c Trustee's are required to complete a conflict of interest statement each year identifying any interests that could give rise to conflicts. These forms are reviewed and lists of potential conflicts are prepared and used to monitor Trustee's involvement with decisions throughout the year. Form 990, Part VI, Section B, line 15 Process to determine compensation of Executive Director: Periodically, a salary survey is conducted to include compensation of top management officials at similarly sized non-profit organizations in the same geographic locale. This survey is provided to the executive leadership of the Executive Committee of the Board of Trustees. This usually includes one or more of the following individuals: the Chairman of the Board, the President of the Board and the Chairman Emeritus. These individuals review the performance of the Executive Director over the past year considering progress towards accomplishment of individual and organizational goals, the financial strength of the organization and the salary survey provided. These considerations result in new goals for the upcoming year and a decision on compensation which is then communicated to the CFO for implementation. Process to determine compensation of other key employees: Periodically, a salary survey is conducted to include compensation of key management officials (Director of Development, Director of Education and Director of Finance and Administration) at similarly sized non-profit organizations in the same geographic locale. The performance of these individuals over the past year is reviewed in connection with progress towards accomplishment of individual and organizational goals, the financial strength of the organization and the salary survey provided. These considerations result in new goals for the upcoming year and a decision on compensation which is then communicated to the CFO for implementation. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy and financial statements are made available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 427,275. Investment income/loss from K-1 WHI NFP Fund, LLC -15,495. Total to Form 990, Part XI, Line 5: 411,780.