2025-05-15T10:47:26-05:00 2024-12-31 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-01-01 363480353 CHICAGO PUBLIC LIBRARY FOUNDATION CHIC 3122019830 200 W MADISON AVE 3RD FL CHICAGO IL 60606 BRENDA LANGSTRAAT BUI PRESIDENT 3122019830 2025-05-14 1 1 DAVID LOWENTHAL P00378651 3122071040 2025-05-14 2024 2025-03-06 01:10:19Z BRENDA LANGSTRAAT BUI 200 W MADISON AVE 3RD FL CHICAGO IL 60606 5613587 0 X WWW.CPLFOUNDATION.ORG X 1986 IL THE CHICAGO PUBLIC LIBRARY FOUNDATION ACCELERATES THE POTENTIAL OF OUR PUBLIC LIBRARY BY INVESTING IN RESOURCES THAT TRANSFORM LIVES AND COMMUNITIES. 47 47 11 77 0 0 6243188 2987080 0 0 1075206 1995326 -354325 -425614 6964069 4556792 0 0 0 0 1283257 1349752 0 0 1334330 4216833 4563851 5500090 5913603 1463979 -1356811 39009596 38942359 559120 409625 38450476 38532734 X THE CHICAGO PUBLIC LIBRARY FOUNDATION WAS ESTABLISHED IN 1986 AS AN INDEPENDENT NONPROFIT DEDICATED TO CONNECTING PRIVATE INVESTMENT WITH INNOVATIVE AND COMMUNITY-RESPONSIVE PROGRAMMING THAT LEVERAGES OUR LIBRARY'S CITY-WIDE FOOTPRINT, RESOURCES, AND COMMITMENT TO LIFELONG LEARNING. IN TRUE PUBLIC-PRIVATE PARTNERSHIP, THIS INFUSION OF PHILANTHROPIC RESOURCES HAS HELPED TO LAUNCH AND SUSTAIN RESOURCES THAT EMPOWER CHICAGOANS OF ALL AGES LIVING AND WORKING IN THE CITY'S 77 NEIGHBORHOODS. 0 0 1390422 IN A KNOWLEDGE-DRIVEN ECONOMY, EDUCATION CAN OPEN THE DOOR TO JOBS, INNOVATION, AND MORE. YET, FOR MANY CHICAGO STUDENTS, AFFORDABLE OUT-OF-SCHOOL ENRICHMENT OPPORTUNITIES REMAIN LIMITED. DONOR-POWERED PROGRAMS SUCH AS SUMMER LEARNING ACTIVITIES AND AFTERSCHOOL HOMEWORK HELP LEVERAGE OUR LIBRARY'S CITY-WIDE 81-BRANCH FOOTPRINT, RESOURCES, AND COMMITMENT TO LIFELONG LEARNING TO HELP ENSURE THAT ALL OUR CITY'S CHILDREN HAVE THE SUPPORT THEY NEED TO THRIVE EARLY IN LIFE AND BEYOND. 1577380 CHICAGO'S WORLD-RENOWNED ARTS AND CULTURE SECTOR FUELS CREATIVE, ECONOMIC, AND INNOVATIVE GROWTH. BUT MANY CHICAGOANS ARE SHUT OUT FROM THE HOLISTIC BENEFITS OF THE ARTS DUE TO HIGH COSTS. OUR CITY, IN TURN, MISSES OUT ON OPPORTUNITIES TO BE ELEVATED AND ENRICHED BY THE INCLUSION OF DIFFERENT VOICES AND VIEWPOINTS. THESE PROGRAMS INVITE ALL CHICAGOANS TO EXPLORE WAYS OF EXPRESSING THEMSELVES AND IMAGINING NEW POSSIBILITIES FOR THEIR LIVES, THEIR COMMUNITIES, AND CHICAGO. 613832 WITH ONLINE LEARNING, TELEHEALTH, SERVICES, AND REMOTE EMPLOYMENT ON THE RISE, INTERNET ACCESS AND DIGITAL LITERACY ARE MORE VITAL TODAY THAN EVER BEFORE. YET, MANY ADULTS AND OLDER ADULTS LACK THE SKILLS THEY NEED TO NAVIGATE OUR DIGITAL WORLD. THESE PROGRAMS WORK TO BRIDGE THIS SKILL AND RESOURCE GAP KNOWN AS THE DIGITAL DIVIDE THROUGH USER-FRIENDLY VIDEO-BASED MODULES ON CHICAGO DIGITALLEARN AND ONE-TO-ONE DIGITAL LITERACY LESSONS WITH A TRAINED DIGITAL NAVIGATOR. 264929 OTHER PROGRAMMATIC EXPENDITURES INCLUDE BRANCH PROGRAMS AND OTHER LIBRARY PROGRAMS THAT ARE HELD THROUGHOUT THE YEAR. 264929 3846563 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 176 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 47 47 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X X BETH DAVIS 3122019830 200 W MADISON ST 3RD FL CHICAGO IL 60602 ROBERT WISLOW BOARD CHAIR 5.00 0.00 X X 0 0 0 MARCY CARLIN VICE CHAIR 2.00 0.00 X X 0 0 0 DAVID CASPER VICE CHAIR 2.00 0.00 X X 0 0 0 ARCHANA KUMAR TREASURER 2.00 0.00 X X 0 0 0 BRUCE SAGAN SECRETARY 2.00 0.00 X X 0 0 0 HEATHER ALGER DIRECTOR 1.00 0.00 X 0 0 0 ALENA ANTIGUA DIRECTOR 1.00 0.00 X 0 0 0 MARGARET BACZKOWSKI DIRECTOR 1.00 0.00 X 0 0 0 WENDY BERGER DIRECTOR 1.00 0.00 X 0 0 0 JODI BLOCK DIRECTOR 1.00 0.00 X 0 0 0 ERIN BODENDORFER DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN BOEGE DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW BREWER DIRECTOR 1.00 0.00 X 0 0 0 MORGAN CARR DIRECTOR 1.00 0.00 X 0 0 0 ESTHER CHOY DIRECTOR 1.00 0.00 X 0 0 0 MONIQUE DEMERY DIRECTOR - THRU 3/2024 1.00 0.00 X 0 0 0 ELIZABETH DONNELLY DIRECTOR - THRU 3/2024 1.00 0.00 X 0 0 0 DEIRDRE DRAKE DIRECTOR - THRU 6/2024 1.00 0.00 X 0 0 0 MICHAEL FASSNACHT DIRECTOR 1.00 0.00 X 0 0 0 LINDA FILLER DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER FRIEDES DIRECTOR 1.00 0.00 X 0 0 0 MARK GARTLAND DIRECTOR - THRU 6/2024 1.00 0.00 X 0 0 0 KIMBERLEY GOODE DIRECTOR 1.00 0.00 X 0 0 0 GRAHAM GRADY DIRECTOR - THRU 6/2024 1.00 0.00 X 0 0 0 JACQUELINE GRIESDORN DIRECTOR - THRU 6/2024 1.00 0.00 X 0 0 0 SUREN GUPTA DIRECTOR 1.00 0.00 X 0 0 0 FRANCIA HARRINGTON DIRECTOR 1.00 0.00 X 0 0 0 ADAM HECKTMAN DIRECTOR 1.00 0.00 X 0 0 0 STEVE HENDRY DIRECTOR 1.00 0.00 X 0 0 0 DAVID HEROY DIRECTOR - THRU 11/2024 1.00 0.00 X 0 0 0 ADAM HOEFLICH DIRECTOR - THRU 3/2024 1.00 0.00 X 0 0 0 CARL JONES DIRECTOR - THRU 11/2024 1.00 0.00 X 0 0 0 ANDREW LADD DIRECTOR 1.00 0.00 X 0 0 0 DONNA LAPIETRA DIRECTOR 1.00 0.00 X 0 0 0 ROBERT LEVIN DIRECTOR 1.00 0.00 X 0 0 0 ROGER LIEW DIRECTOR 1.00 0.00 X 0 0 0 BRYAN LOGAN DIRECTOR 1.00 0.00 X 0 0 0 PATRICK MCHALE DIRECTOR 1.00 0.00 X 0 0 0 AMANDA MORRIS DIRECTOR 1.00 0.00 X 0 0 0 TRISHA MOWBRAY DIRECTOR 1.00 0.00 X 0 0 0 AVANI NARANG DIRECTOR 1.00 0.00 X 0 0 0 ANDRES ORDONEZ DIRECTOR 1.00 0.00 X 0 0 0 JANE PARK DIRECTOR 1.00 0.00 X 0 0 0 MELISSA POTDAR DIRECTOR 1.00 0.00 X 0 0 0 LINDA RICE DIRECTOR 1.00 0.00 X 0 0 0 TRISHA ROONEY DIRECTOR 1.00 0.00 X 0 0 0 MARIANNA RUIZ DIRECTOR 1.00 0.00 X 0 0 0 PRIYA SADARANGANI DIRECTOR 1.00 0.00 X 0 0 0 ANDREA SENZ DIRECTOR 1.00 0.00 X 0 0 0 STEVEN SPROAT DIRECTOR 1.00 0.00 X 0 0 0 LAURENCE SZUMSKI DIRECTOR 1.00 0.00 X 0 0 0 CHERRYL THOMAS DIRECTOR 1.00 0.00 X 0 0 0 WADE THOMSON DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH TULACH DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL WILSON DIRECTOR 1.00 0.00 X 0 0 0 SUZANNE YOON DIRECTOR 1.00 0.00 X 0 0 0 BRENDA LANGSTRAAT BUI PRESIDENT & CEO 40.00 0.00 X 220420 0 36060 ELIZABETH ZACHARA DAVIS CHIEF OPERATING OFFICER 40.00 0.00 X 140850 0 26515 KATHERINE NARDIN CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 129130 0 24851 AUDREY PEIPER DIRECTOR OF LEGACY AND IMPACT GIVING 40.00 0.00 X 106760 0 10565 597160 0 97991 4 0 1 0 0 886036 2101044 81098 2987080 771507 771507 1700000 476181 1223819 1223819 1223819 120000 886036 580614 -460614 -460614 MISCELLANEOUS INCOME 900099 35000 35000 35000 4556792 0 0 1569712 X 577826 294960 282866 558557 119241 439316 54987 9403 45584 84498 15983 68515 73884 24938 48946 3531 3531 52539 52539 8806 8806 616895 506987 65662 44246 241669 111857 396 129416 151129 108887 2851 39391 164660 48645 53541 62474 104535 37839 66696 194729 108652 9647 76430 4007 2949 1058 11994 11994 GRANT FUNDED POSITIONS 1065053 1065053 PROGRAM MATERIALS 969223 969223 HONORARIA 747549 747549 BOOKS, SUBSCRIPTIONS AN 102283 101261 1022 125249 75500 21379 28370 5913603 3846563 732710 1334330 4043363 2194605 206073 214240 1763778 223924 103462 55523 79624 80807 50148 50148 0 0 32701289 36157172 112007 16088 39009596 38942359 443897 393009 115223 16616 559120 409625 X 21693459 22199483 16757017 16333251 38450476 38532734 39009596 38942359 -1356811 1439069 0 X 0 1 X 1 0 X 3391840 3668975 4039722 6243188 2987080 20330805 3391840 3668975 4039722 6243188 2987080 20330805 3213931 17116874 387008 605314 684213 626265 771507 3074307 272251 72481 54875 141414 155000 696021 24101133 0.71020 0.72990 X SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: SPECIAL EVENT GROSS INCOME: $120,000 MISC INCOME: $44,542 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 1 1 X X X 0 13926699 1444988 596063 14775624 12246038 200000 2069557 588896 13926699 15229960 -2389434 594488 12246038 14033670 1757153 560863 15229960 12640175 1916917 523422 14033670 0.08520 0.59840 0.31640 0 0 50148 50148 0 0 LEASE - OPERATING 16616 16616 5987055 1439069 1439069 4547986 8806 8806 4556792 5904797 0 5904797 8806 8806 5913603 PART III, LINE 4: THE FOUNDATION HAS ADOPTED A POLICY OF CAPITALIZING COLLECTIONS AT A NOMINAL VALUE IN ITS FINANCIAL STATEMENTS. ALTHOUGH THE FINANCIAL STATEMENTS DO NOT DISCLOSE THE CUMULATIVE VALUE OF COLLECTIONS, CERTAIN ARTWORK RECEIVED IN 1991 AS AN UNRESTRICTED DONATION HAS BEEN CATALOGED AND PRESERVED. SINCE 2003 THE ARTWORK HAS BEEN DISPLAYED, ON A PERMANENT LOAN, IN THE JOAN W. AND IRVING B. HARRIS THEATER FOR MUSIC AND DANCE. THE THEATER CARRIES A $2 MILLION INSURANCE POLICY ON THIS ARTWORK. PART V, LINE 4: THE FOUNDATION HAS AN ENDOWMENT DISTRIBUTION POLICY THAT DETERMINES A MAXIMUM SPENDING RATE OF 4.5 PERCENT APPLIED TO A ROLLING FOUR-YEAR AVERAGE OF THE FAIR VALUE OF ENDOWMENT INVESTMENTS. FUNDS ARE USED TO SUPPORT PROGRAM, FUNDRAISING AND MANAGEMENT AND GENERAL EXPENSES. LFA DINNER 1006036 886036 120000 191999 388615 1006036 886036 120000 191999 388615 580614 -460614 X 1 1 X 0 0 0 0 0 0 0 1 0 BRENDA LANGSTRAAT BUI PRESIDENT & CEO 214000 0 6420 0 0 0 21400 0 14660 0 256480 0 0 0 ELIZABETH ZACHARA DAVIS CHIEF OPERATING OFFICER 135850 0 5000 0 0 0 13585 0 12930 0 167365 0 0 0 KATHERINE NARDIN CHIEF DEVELOPMENT OFFICER 124630 0 4500 0 0 0 12463 0 12388 0 153981 0 0 0 PART I, LINE 1A THE BOARD APPROVED PAYMENT OF SOHO CLUB MEMBERSHIP FOR THE FOUNDATION'S PRESIDENT & CEO, BRENDA LANGSTRAAT. SINCE CLUB USE IS FOR BUSINESS PURPOSES, MONTHLY MEMBERSHIP AND RELATED ASSESSMENTS WILL BE PAID IN FULL BY THE FOUNDATION AND ARE NOT TREATED AS TAXABLE COMPENSATION. BRENDA IS RESPONSIBLE FOR PAYING ALL NON-BUSINESS RELATED FOOD AND OTHER CHARGES. PART I, LINE 7 THE CPLF BOARD OF DIRECTORS, AT THE RECOMMENDATION OF THE FINANCE COMMITTEE, APPROVES THE ANNUAL BUDGET, INCLUDING SALARY AND BENEFITS. THE SALARY OF THE PRESIDENT & CEO IS DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. BONUS CONSIDERATION IS EXECUTIVE COMMITTEE DRIVEN, WITH INPUT FROM THE CEO AND COO. BONUSES MAY BE CONSIDERED DUE TO EXTRAORDINARY STAFF TEAM PERFORMANCE AND/OR CIRCUMSTANCES WHEN THE TEAM HAS ADVANCED THE ORGANIZATION DURING A CHALLENGING TIME. X 75000 FAIR MARKET VALUE X VARIOUS RAFFLE PRIZES 38 6098 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A CANDIDATES FOR MEMBERS AND TO FILL VACANCIES ON THE BOARD OF DIRECTORS SHALL BE NOMINATED BY THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE IS A STANDING COMMITTEE OF THE BOARD AND IS COMPRISED OF A CHAIR AND A COMMITTEE OF BOARD MEMBERS. THE GOVERNANCE CHAIR IS A MEMBER OF THE EXECUTIVE COMMITTEE. ADDITIONAL NOMINATIONS MAY BE MADE BY ANY MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS ELECTRONICALLY BEFORE IT IS FILED. BOARD MEMBERS REVIEW AND COMMENT ON THE RETURN. THE RETURN IS FILED AFTER REVIEW FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES DIRECTORS AND KEY EMPLOYEES TO FILL OUT AN ANNUAL QUESTIONNAIRE TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 CPLF IS COMMITTED TO FOSTERING ENGAGEMENT AND COMMITMENT FROM ITS EMPLOYEES, ULTIMATELY LEADING TO HIGHER PRODUCTIVITY AND LOWER TURNOVER. CPLF ENSURES THAT THE EMPLOYEE COMPENSATION POLICY IS CONSISTENT WITH MARKET STANDARDS. THE CPLF BOARD OF DIRECTORS, AT THE RECOMMENDATION OF THE FINANCE COMMITTEE, APPROVES THE ANNUAL BUDGET, INCLUDING SALARY AND BENEFITS. THE SALARY OF THE PRESIDENT & CEO IS DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. THE PERFORMANCE OF THE PRESIDENT & CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE ACCORDING TO ANNUAL STRATEGY GOALS AND BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WILL BE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 506,987. MANAGEMENT AND GENERAL EXPENSES 65,662. FUNDRAISING EXPENSES 44,246. TOTAL EXPENSES 616,895.