2023-11-14T15:33:27-06:00 2022-12-31 366055558 GRANT THORNTON LLP 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2022-01-01 363689172 CANTIGNY FOUNDATION CANT 6302608151 1 S 151 WINFIELD ROAD WHEATON IL 60189 TIMOTHY KNIGHT CEO & PRESIDENT 6302608151 2023-11-14 1 TIMOTHY KNIGHT 999009999 0 BRIDGET T ROCHE P00666837 3128560200 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIMOTHY P KNIGHT 1 S 151 WINFIELD ROAD WHEATON IL 60189 48447801 0 X WWW.CANTIGNY.ORG X 1989 IL OPERATION OF CANTIGNY PARK, GOLF, MCCORMICK HOUSE AND FIRST DIVISION MUSEUM (CONTINUED IN SCH O)IN WHEATON, ILLINOIS. HONOR AND UPHOLD THE LAST WILL AND TESTAMENT OF COL. ROBERT R. MCCORMICK. 6 6 158 176 3088120 0 812594 20574551 5808938 5936073 12967284 18951570 3758832 5389629 23347648 50851823 0 0 0 0 9989190 12258463 0 0 0 16657681 19271312 26646871 31529775 -3299223 19322048 482055746 450019790 61485534 69228252 420570212 380791538 X OPERATION OF CANTIGNY PARK, GOLF, MCCORMICK HOUSE 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, (CONTINUED IN SCH O) ILLINOIS BE HELD IN TRUST IN PERPETUITY AS A MUSEUM AND PUBLIC PARK. 0 0 25878470 9024193 OPERATION OF CANTIGNY PARK. PARK OPERATIONS INCLUDE A MUSEUM, 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 2022, OVER 450,000 VISITORS CAME TO ENJOY CANTIGNY PARK, GOLF, AND FIRST DIVISION MUSEUM. THIS INCLUDES OVER 155,000 VISITORS TO THE FIRST DIVISION MUSEUM. 25878470 1 1 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 99 0 1 158 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X TIMOTHY P KNIGHT 3124455000 1 S 151 WINFIELD ROAD WHEATON IL 60189 TIMOTHY KNIGHT CEO & PRESIDENT 16.00 24.00 X 285873 428809 58643 LOUIS J MARSICO JR SR. VICE PRESIDENT OF OPERATIONS 40.00 0.00 X 477961 0 53712 DAVID GRANAT CIO 5.00 25.00 X 60055 300274 57294 KIMBERELY TYLER CFO 32.00 8.00 X 239082 59770 57594 OSCAR REGALADO SENIOR DIRECTOR OF HUMAN RESOURCES 32.00 8.00 X 194754 48689 45222 MATTHEW LAFOND EXECUTIVE DIRECTOR, CANTIGNY PARK 40.00 0.00 X 201767 0 66063 ANDRES TORRES SR. DIRECTOR OF STRATEGY & PLANNING 32.00 8.00 X 176691 44173 36061 EDWARD HOLZMAN DIRECTOR OF FACILITIES 40.00 0.00 X 153681 0 58795 AKAOSE KACHIKWU DIRECTOR OF IT 32.00 8.00 X 139853 34963 32125 SCOTT WITTE DIRECTOR OF NATURAL AREAS & GROUNDS 40.00 0.00 X 145716 0 51987 JEFFERSON REITER SR. MANAGER OF COMMUNICATIONS 40.00 0.00 X 141883 0 7291 CARLA BEAL CHIEF INVESTMENT OFFICER (BEG 10/22) 20.00 20.00 X 43269 43269 0 DENNIS FITZSIMONS CHAIRMAN OF THE BOARD 2.00 2.00 X X 28394 28394 0 SCOTT SMITH DIRECTOR 2.00 2.00 X 28100 28100 0 WILLIAM MCCLEAN DIRECTOR (BEG 05/22) 2.00 2.00 X 27500 27500 0 RUTHELLYN MUSIL DIRECTOR 2.00 2.00 X 27500 27500 0 CELENA ROLDAN DIRECTOR 2.00 2.00 X 27500 27500 0 LEE HENDERSON DIRECTOR (BEG 05/22) 2.00 2.00 X 20625 20625 0 JOHN W MADIGAN DIRECTOR (THRU 05/22) 2.00 2.00 X 13825 13825 0 DONALD WYCLIFF DIRECTOR (THRU 05/22) 2.00 2.00 X 13750 13750 0 2447779 1147141 524787 17 0 1 0 BULLEY & ANDREWS 1755 W ARMITAGE AVE CHICAGO IL 60622 CONSTRUCTION MANAGEMENT SVCS 1865691 AIRPORT ELECTRIC COMPANY 6342 S CENTRAL AVENUE CHICAGO IL 60638 BUILDING AND SITE ELECTRIC 1188777 EDWIN ANDERSON CONSTRUCTION 252 JAMES STREET BENSENVILLE IL 60106 EXTERIOR TRIM AND REPAIRS 1182181 JP PHILLIPS INC 3220 WOLF ROAD FRANKLIN PARK IL 60131 PLASTER WORK 652461 HELM MECHANICAL PO BOX 690 FREEPORT IL 61032 HVAC CONTRACTOR 638686 35 20460897 113654 20574551 GOLF & GOLF ACADEMY REVENUES 713910 4400727 4400727 ADMISSIONS & MEMBER FEES 812930 972211 972211 YOUTH LINKS 713910 372544 372544 PARK PROGRAMS & EVENTS 712190 182740 182740 MUNICIPAL BOND REVENUE 531190 7851 7851 5936073 4675021 4675021 714416 18097 696319 696319 696319 10040070 -4236479 14276549 14276549 14276549 6478857 1814360 4664497 3088120 1576377 MISCELLANEOUS REVENUE 900099 28813 28813 28813 50851823 5936073 3088120 21253079 1862698 1208016 654682 7324589 4717429 2607160 922747 622807 299940 1525926 1202629 323297 622503 459619 162884 6089165 6089165 106902 106902 152697 152697 138185 138185 1083192 921612 161580 94053 5625 88428 269293 257779 11514 403093 3658 399435 2686278 2602874 83404 66795 48567 18228 123487 90280 33207 1458507 1458507 5548587 5548587 502181 502181 EXHIBITS AND PROGRAMS 457190 457190 DUES & SUBSCRIPTIONS 56186 30833 25353 35521 15108 20413 31529775 25878470 5651305 0 19573 27089 115210655 125280455 500830 389204 290939 349305 571355 660353 150491558 80674554 62396947 69817004 6254271 6267790 293353401 241560217 3457775 5668373 482055746 450019790 10887031 10530100 50321438 57642181 277065 1055971 61485534 69228252 X 419731212 379952538 839000 839000 420570212 380791538 482055746 450019790 19322048 -59169738 69016 0 X 0 1 X 1 0 X 388387 16508932 22369302 812594 20574551 60653766 4975151 4671454 5828003 9564674 5936073 30975355 5363538 21180386 28197305 10377268 26510624 91629121 0 0 0 91629121 5286820 5770582 3487898 2249574 6965814 23760688 1450776 1798286 171286 2250986 3088120 8759454 6737596 7568868 3659184 4500560 10053934 32520142 0 0 0 3096 28813 31909 12101134 28749254 31856489 14880924 36593371 124181172 0.73790 0.77630 0.26190 0.22370 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 3,096. 2022 AMOUNT: $ 28,813. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 1323205 1323205 51083194 35034036 16049158 20778247 18557218 2221029 77306912 27083300 50223612 69817004 INTERNATIONAL EQUITY INDEX FUND 75586655 F DOMESTIC EQUITY FUND 95052813 F HIGH YIELD CREDIT FUND 33418402 F FIXED INCOME 37502347 F 241560217 CAPITAL LEASE OBLIGATIONS 1080573 FLEX SPENDING ADVANCE -24602 1055971 X PART III, LINE 1A: THE FOUNDATIONS' PERMANENT COLLECTIONS WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS FROM BENEFACTORS SINCE THE FOUNDATIONS' INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE CONSOLIDATED 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 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 SALES 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: THE ROBERT R. MCCORMICK HOUSE MAINTAINS COLLECTIONS THAT DEPICT THE LIFE AND TIMES OF ITS BENEFACTOR, COLONEL ROBERT R. MCCORMICK, AND INCLUDE ITEMS, SUCH AS ART, BOOKS, AND FURNITURE, FROM HIS PERSONAL COLLECTION THAT HE ENTRUSTED TO THE FOUNDATION. THE COLLECTIONS OF THE FIRST DIVISION MUSEUM INCLUDE PRIMARILY MEMORABILIA OF THE FIRST INFANTRY DIVISION OF THE UNITED STATES ARMY. 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. PART X, LINE 2: THE FOUNDATIONS HAVE RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE STATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) HAS ISSUED GUIDANCE THAT REQUIRES THE TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. A PROVISION FOR UNRELATED BUSINESS INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 33418402 0 0 0 0 0 0 33418402 0 33418402 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 1 1 X X X 0 0 0 0 0 0 0 0 0 TIMOTHY KNIGHT CEO & PRESIDENT 276543 414814 0 0 9330 13995 20256 30384 3201 4802 309330 463995 0 0 LOUIS J MARSICO JR SR. VICE PRESIDENT OF OPERATIONS 461036 0 0 0 16925 0 50640 0 3072 0 531673 0 0 0 DAVID GRANAT CIO 57834 289170 0 0 2221 11104 8440 42200 1109 5545 69604 348019 0 0 KIMBERELY TYLER CFO 219222 54805 8000 2000 11860 2965 39768 9942 6307 1577 285157 71289 0 0 OSCAR REGALADO SENIOR DIRECTOR OF HUMAN RESOURCES 181694 45424 0 0 13060 3265 31454 7864 4723 1181 230931 57734 0 0 MATTHEW LAFOND EXECUTIVE DIRECTOR, CANTIGNY PARK 186942 0 0 0 14825 0 32259 0 33804 0 267830 0 0 0 ANDRES TORRES SR. DIRECTOR OF STRATEGY & PLANNING 166031 41508 0 0 10660 2665 27584 6896 1265 316 205540 51385 0 0 EDWARD HOLZMAN DIRECTOR OF FACILITIES 153681 0 0 0 0 0 24441 0 34354 0 212476 0 0 0 AKAOSE KACHIKWU DIRECTOR OF IT 139853 34963 0 0 0 0 22497 5624 3203 801 165553 41388 0 0 SCOTT WITTE DIRECTOR OF NATURAL AREAS & GROUNDS 145716 0 0 0 0 0 23425 0 28562 0 197703 0 0 0 SCHEDULE J, 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 2022, THE CEO & PRESIDENT AND SENIOR ADVISOR TO THE CEO WERE REIMBURSED FOR SOCIAL CLUB DUES AS THEY RELATED TO FOUNDATION BUSINESS IN ACCORDANCE WITH FOUNDATION POLICY. THE REIMBURSEMENTS WERE NOT TREATED AS TAXABLE COMPENSATION. 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 2022 FOR M. LAFOND, EXECUTIVE DIRECTOR CANTIGNY PARK WAS $26,400, FOR E. HOLZMAN, DIRECTOR OF FACILITY SERVICES WAS $27,700, FOR SCOTT WITTE, DIRECTOR OF HORTICULTURE WAS $20,600. THE REIMBURSEMENTS WERE NOT TREATED AS TAXABLE COMPENSATION. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2017-12-27 58000000 BUILDING & LAND IMPROVEMENTS AT CANTIGNY 0 0 0 A 58000000 519218 57480782 0 0 0 1 A 0 0 1 1 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 193 2944 COST 0 0 0 PART I, LINE 2: THE AMOUNTS REPORTED ON SCHEDULE M, COLUMN B REPRESENT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1A ON DECEMBER 7, 2022 THE BOARD OF DIRECTORS VOTED TO FORM AN AUDIT COMMITTEE WHO'S PURPOSE IS TO EXERCISE THE POWERS OF THE RESPECTIVE BOARD OF DIRECTORS WITH RESPECT TO THE PERFORMANCE OF ITS AUDIT AND CONTROL FUNCTIONS TO THE EXTENT SET FORTH IN THE AUDIT COMMITTEE CHARTER. FORM 990, PART VI, SECTION A, LINE 3 CANTIGNY FOUNDATION HAS RETAINED KEMPER SPORTS MANAGEMENT, INC., AN UNRELATED PROFESSIONAL SERVICE PROVIDER, TO OPERATE AND MANAGE THE CANTIGNY GOLF AND FOOD AND BEVERAGE OPERATIONS UNDER CANTIGNY FOUNDATION'S SUPERVISION AND CONTROL. ALL OF KEMPER'S SERVICES MUST BE PERFORMED IN A MANNER THAT FURTHERS THE FOUNDATION'S CHARITABLE AND TAX-EXEMPT PURPOSES, AS DETERMINED IN THE SOLE DISCRETION OF THE FOUNDATION, AND THAT PRINCIPLE SHALL AT ALL TIMES OVERRIDE ANY PROFIT MOTIVE OF KEMPER SPORTS MANAGEMENT, INC. THE AGREEMENT HAS A SEVEN-YEAR TERM WITH OPTIONS FOR EXTENSION AND CERTAIN EARLY TERMINATION RIGHTS. THE FACILITIES REMAIN THE ASSETS OF THE FOUNDATION, AND THE REVENUES AND MOST EXPENSES CONTINUE TO BE THE FOUNDATION'S; HOWEVER THE EMPLOYEES OF THE GOLF AND FOOD AND BEVERAGE OPERATIONS ARE KEMPER EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF THE DIRECTORS ADOPTED AN AMENDMENT TO THE CANTIGNY FOUNDATION'S BY-LAWS ON DECEMBER 7, 2022 WHICH ALLOWS THE BOARD OF DIRECTORS TO VOTE ON AND FORM EXECUTIVE AND OTHER BOARD COMMITTEES. THE BOARD VOTED TO FORM AN AUDIT COMMITTEE WHO'S PURPOSE IS TO EXERCISE THE POWERS OF THE RESPECTIVE BOARD OF DIRECTORS WITH RESPECT TO THE PERFORMANCE OF ITS AUDIT AND CONTROL FUNCTIONS TO THE EXTENT SET FORTH IN THE AUDIT COMMITTEE CHARTER. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, GRANT THORNTON LLP, IN CONJUNCTION WITH MANAGEMENT. AFTER THE FORM 990 HAS BEEN COMPLETED, THE PRESIDENT & CEO REVIEWS THE DOCUMENT. IF THE PRESIDENT & CEO 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 AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, WHICH REVIEWS THE DRAFT RETURN BEFORE IT IS SHARED WITH THE FULL BOARD OF DIRECTORS. THE PRESIDENT & CEO AND THE TAX PREPARER 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 ALL BENEFIT-ELIGIBLE 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 SENIOR DIRECTOR OF HUMAN RESOURCES (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 MAKES SALARY RECOMMENDATIONS FOR OFFICERS AND KEY EMPLOYEES TO THE BOARD OF DIRECTORS BASED ON PERFORMANCE EVALUATIONS, COST OF LIVING CHANGES, MARKET COMPARABILITY DATA, AND BUDGET CONSTRAINTS. PROFILES ARE PREPARED FOR EACH OFFICER AND KEY EMPLOYEE INCLUDING THE INDIVIDUAL'S CURRENT SALARY, PERFORMANCE SUMMARY, MARKET COMPARABILITY DATA, AND RECOMMENDED SALARY FOR THE FOLLOWING YEAR. THE BOARD REVIEWS THE PROFILES AND APPROVES/DISAPPROVES THE RECOMMENDATIONS. HUMAN RESOURCES PREPARES A PROFILE FOR THE CEO POSITION; HOWEVER, NO SALARY RECOMMENDATION IS MADE. THE BOARD REVIEWS THE CEO PROFILE, WHICH INCLUDES MARKET COMPARABILITY, AND DISCUSSES IT ALONG WITH PERFORMANCE AND BUDGET AND AGREES ON AN ANNUAL SALARY FOR THE CEO. THE BOARD COMMUNICATES IN WRITING VIA EMAIL TO HUMAN RESOURCES THE SALARY INCREASE FOR THE CEO. THE COMPENSATION PROCESS DESCRIBED ABOVE IS DONE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND LOCATED ON ITS WEBSITE. ROBERT R MCCORMICK FOUNDATION 205 N MICHIGAN AVE SUITE 4300 CHICAGO IL 60601 363689171 GRANTMAKING IL 501(C)(3) LINE 7 N/A 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0