2011-10-12T10:09:54-05:00 2010-12-31 990 2010-01-01 363689172 CANTIGNY FOUNDATION CANT 6302608128 1 S 151 WINFIELD ROAD WHEATON IL 60189 MELINDA E ROSEBRAUGH 3127155000 2011-10-12 2010 2016-03-07 17:11:31Z DAVID D HILLER 205 N MICHIGAN AVE4300 CHICAGO IL 60601 29045665 0 X WWW.CANTIGNYPARK.ORG X 1989 IL OPERATION OF CANTIGNY PARK AND CANTIGNY GOLF 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 6 358 102 1052486 -540605 9558545 2812 3114469 3104693 -1934821 666515 2254240 2345752 12992433 6119772 0 0 0 0 8128695 8389484 0 0 0 8004045 8489424 16132740 16878908 -3140307 -10759136 187165555 200256445 2415303 3152393 184750252 197104052 OPERATION OF CANTIGNY PARK AND CANTIGNY GOLF IN WHEATON, IL. 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 13788618 0 3104693 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 2010, OVER 483,000 VISITORS CAME TO ENJOY THE AMENITIES OF CANTIGNY PARK, GOLF AND RESTAURANTS. THIS INCLUDES NEARLY 9,000 ROUNDS OF YOUTH GOLF AT OUR UNIQUE PAR 3 COURSE RESERVED FOR CHILDREN AGE 16 AND UNDER. DURING THE YEAR, CANTIGNY COMPLETED CONSTRUCTION OF ITS EDUCATION CENTER, PROVIDING THE PERFECT SETTING FOR THE OVER 500 CLASSES CONDUCTED ANNUALLY ON THE ESTATE. 13788618 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 0 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 37 0 1 358 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 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 13525 44550 0 JOHN MADIGAN 1.00 X 13525 44325 0 DENNIS FITZSIMONS 2.00 X X 13525 45150 0 SCOTT SMITH 1.00 X 13525 42075 0 RUTHELLYN MUSIL 1.00 X 13550 41450 0 N DON WYCLIFF 1.00 X 13550 41450 0 DAVID HILLER 10.00 X 96725 290174 65389 LOUIS MARSICO 20.00 X 163813 163812 75712 DAVID GRANAT 5.00 X 28256 207214 65577 MELINDA ROSEBRAUGH 10.00 X 31831 97509 56209 DONALD COOKE 2.00 X 13380 254215 62880 MICHAEL NASS 40.00 X 170329 0 55006 RAYMOND DEBIASE 10.00 X 31511 96531 39694 SCOTT WITTE 40.00 X 116312 0 50996 MATTHEW LAFOND 40.00 X 128635 0 50778 PATTIE OVERSTREET-MILLER 12.00 X 52184 121764 60299 JEFFERSON REITER 10.00 X 24811 76006 44900 938987 1566225 627440 4 0 1 0 SIGALOS & ASSOCIATES LTD 915 HAWTHORNE DR ITASCA IL 60143 CONSTRUCTION 1170631 FSG INC 20 PARK PLAZA SUITE 320 BOSTON MA 02116 STRATEGIC CONSULTING SERVICES 415764 BRING LLC 4515 N RAVENSWOOD CHICAGO IL 60640 PRINTING AND DESIGN 148905 DANIEL J EDELMAN INC 21992 NETWORK PLACE CHICAGO IL 60673 MARKETING/PUBLIC RELATIONS 126385 ACCURATE TANK CONSTRUCTION 204 POPLAR PLACE NORTH AURORA IL 60542 REPLACEMENT OF GAS STORAGE 101840 5 2812 2812 GOLF AND GOLF ACADEMY 713910 2656656 2656656 PARKING FEES 812930 301695 301695 YOUTH LINKS 713910 146342 146342 3104693 2539399 2539399 168937 32438 136499 136499 136499 19899449 1561 21773894 -1874445 1561 -1872884 -1872884 3328814 1119561 2209253 1052486 1156767 6119772 3104693 1052486 1959781 719588 344169 375419 5205777 4887704 318073 596087 559666 36421 1329459 1248229 81230 538573 505666 32907 60408 60408 22638 22638 72480 72480 402029 195752 206277 285324 285324 260467 244150 16317 55249 51873 3376 1831165 1719281 111884 65319 52570 12749 97335 51279 46056 3102883 2913297 189586 618406 580621 37785 TRANSFER TO AFFILIATED 1465940 1465940 EXHIBITS AND PROGRAMS 137602 137602 12179 11435 744 16878908 13788618 3090290 0 76079249 1148495 207550 338973 254990 238535 133894 198139 66934340 34606802 33236056 32327538 37757753 46547867 34446359 114618118 5049704 4838780 187165555 200256445 2415303 3152393 2415303 3152393 X 183911252 196265052 839000 839000 184750252 197104052 187165555 200256445 X -10759136 23112936 X 0 1 1 X 0 X 3907762 16514254 16056350 9558545 2812 46039723 5464125 6098901 5624923 5972381 5017931 28178261 9371887 22613155 21681273 15530926 5020743 74217984 0 0 0 74217984 3798344 5000314 3803514 2546480 2708336 17856988 3798344 5000314 3803514 2546480 2708336 17856988 13170231 27613469 25484787 18077406 7729079 92074972 0.80610 0.81290 0.19390 0.18710 X X X X 0 0 839000 839000 839000 839000 839000 839000 1.00000 0 0 1217744 1217744 39868265 16805953 23062312 8920798 6899876 2020922 16927533 10900973 6026560 32327538 INTERNATIONAL EQUITY FUND 17070947 F DOMESTIC EQUITY FUND 97547171 F 114618118 6119772 16878908 -10759136 23112936 23112936 12353800 30384707 23112936 23112936 7271771 -1151999 -1151999 6119772 18030907 1151999 1151999 16878908 0 16878908 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 LAST WILL AND TESTAMENT OF COLONEL MCCORMICK PROVIDED THAT HIS FORMER RESIDENCE BE HELD IN TRUST IN PERPETUITY AS A MUSEUM. IT IS 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 ALL 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 2007, 2008, AND 2009 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES." PART XII LINE 4B: COST OF GOODS SOLD $1,119,561; RENTAL EXPENSES $32,438 PART XIII LINE 2D: COST OF GOODS SOLD $1,119,561; RENTAL EXPENSES $32,438 X 1 1 X X X 0 0 1 0 0 0 0 0 0 DAVID HILLER 92120 276360 0 0 4605 13814 11749 35246 4598 13796 113072 339216 0 0 LOUIS MARSICO 130772 130772 0 0 33041 33040 23498 23498 14358 14358 201669 201668 0 0 DAVID GRANAT 25627 187933 0 0 2629 19281 5374 39411 2495 18297 36125 264922 0 0 MELINDA ROSEBRAUGH 28905 88547 0 0 2926 8962 6638 20334 7195 22042 45664 139885 0 0 DONALD COOKE 12842 244003 0 0 538 10212 1465 27828 1679 31908 16524 313951 0 0 MICHAEL NASS 163481 0 0 0 6848 0 34229 0 20777 0 225335 0 0 0 RAYMOND DEBIASE 31328 95970 0 0 183 561 3152 9654 6617 20271 41280 126456 0 0 SCOTT WITTE 110235 0 0 0 6077 0 20871 0 30125 0 167308 0 0 0 MATTHEW LAFOND 121460 0 0 0 7175 0 23757 0 27021 0 179413 0 0 0 PATTIE OVERSTREET-MILLER 46521 108550 0 0 5663 13214 10009 23353 8081 18856 70274 163973 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 2010 THE FOUNDATION PRESIDENT WAS 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 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 $61,798 AS OF 12/31/10. X 5 0 0 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION A, LINE 4 ON SEPTEMBER 9, 2010, TWO SEPARATE AGREEMENTS AND PLANS OF MERGER WERE APPROVED TO MERGE CANTIGNY FIRST DIVISION FOUNDATION AND MCCORMICK FREEDOM PROJECT INTO CANTIGNY FOUNDATION. THE MERGERS WERE EFFECTIVE JANUARY 1, 2011 AT 12:01AM. ACCORDINGLY, ALL ASSETS AND LIABILITIES OF CANTIGNY FIRST DIVISION FOUNDATION AND MCCORMICK FREEDOM PROJECT BECAME ASSETS AND LIABILITIES OF CANTIGNY FOUNATION ON JANUARY 1, 2011. 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 AND A COPY OF THE RETURN IS MADE AVAILABLE TO THEM. THE SENIOR VICE PRESIDENT OF OPERATIONS AND FOUNDATION'S LEGAL COUNSEL DISCUSS AND REVIEW THE 990 RETURN WITH 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. SUCH ACTIONS ARE RECORDED IN THE MEETING MINUTES. 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 - 5; D. FITZSIMONS - 6; J. MADIGAN - 5; R. MUSIL - 5; S. SMITH - 5; N. D. WYCLIFF - 5; D. HILLER - 30; D. COOKE - 38; D. GRANAT - 35; L. MARSICO - 20; M. ROSEBRAUGH - 30; P. OVERSTREET-MILLER - 28; R. DEBIASE - 30; J. REITER - 30. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 23,112,936. 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 0 0 0 0 0 1 0 0 1 0 1 1 1 1 1 0