2026-03-05T10:54:57-06:00 2025-06-30 420714325 RSM US LLP 30 SOUTH WACKER DR SUITE 3300 CHICAGO IL 606063392 990 2024-07-01 366154098 MUSEUM OF CONTEMPORARY ART MUSE 3123973808 220 EAST CHICAGO AVENUE CHICAGO IL 60611 WES MORAN CHIEF FINANCIAL OFFICER 3123973808 2026-03-03 1 1 REBEKUH ELEY P01247672 3126343400 2026-03-03 2024 2025-03-06 01:10:19Z WES MORAN 220 EAST CHICAGO AVENUE CHICAGO IL 60611 104815795 0 X WWW.MCACHICAGO.ORG X 1964 IL ENHANCE APPRECIATION OF CONTEMPORARY ART THROUGH EDUCATION, PROGRAMMING AND EXHIBITIONS. 65 64 203 80 126053 0 11374119 17725366 1677253 1427942 2304464 4849258 1942729 1000571 17298565 25003137 0 0 0 0 15410743 14204568 619568 0 3534206 21673812 21334674 37704123 35539242 -20405558 -10536105 210445908 213337833 39774996 39277076 170670912 174060757 X THE MCA IS AN INNOVATIVE AND COMPELLING CENTER OF CONTEMPORARY ART WHERE THE PUBLIC CAN DIRECTLY EXPERIENCE THE WORK AND IDEAS OF LIVING ARTISTS, AND UNDERSTAND THE HISTORICAL, SOCIAL AND CULTURAL CONTEXT OF THE ART OF OUR TIME. THE MUSEUM BOLDLY INTERWEAVES EXHIBITIONS, PERFORMANCES, COLLECTIONS, AND EDUCATIONAL PROGRAMS TO EXCITE, CHALLENGE, AND ILLUMINATE OUR VISITORS AND TO PROVIDE INSIGHT INTO THE CREATIVE PROCESS. THE MCA ASPIRES TO ENGAGE A BROAD AND DIVERSE AUDIENCE, CREATE A SENSE OF COMMUNITY AND BE A PLACE FOR CONTEMPLATION, STIMULATION, AND DISCUSSION ABOUT CONTEMPORARY ART AND CULTURE. 0 0 23260206 2649025 EXHIBITIONS: MCA EXHIBITIONS SEEK TO INTRODUCE AUDIENCES TO THE MOST IMPORTANT ART AND ARTISTS OF OUR TIME. EXHIBITIONS ARE DESIGNED TO EXCITE, CHALLENGE, AND ILLUMINATE OUR VISITORS, EXPLORE CURRENT CRITICAL ISSUES, ENCOURAGE CRITICAL THINKING, AND TO PROVIDE THEM WITH INSIGHT INTO THE CREATIVE PROCESS. IN THE FY25 FISCAL YEAR THE MUSEUM WELCOMED 180,991 ACROSS ALL ITS OFFERINGS. 2003809 50016 PERFORMANCE: THE MCA PRESENTS CUTTING-EDGE DANCE, THEATER, MUSIC, AS WELL AS PERFORMANCES THAT CROSS AND COMBINE GENRES. ARTISTS ARE IN ALL STAGES OF THEIR CAREERS, AND LOCAL, NATIONAL, AND INTERNATIONAL. THESE INCLUDE POPULAR SERIES LIKE OUR TUESDAYS ON THE TERRACE, ON STAGE, AND CHICAGO PERFORMS. OVER 10,871 PEOPLE ATTENDED THESE EVENTS, A NUMBER OF WHICH WERE FREE. 1396869 EDUCATION AND PUBLIC PROGRAMS: THE MCA'S EDUCATION AND PUBLIC PROGRAMMING DEPARTMENT PRODUCE NUMEROUS PROGRAMS THAT BENEFIT COMMUNITY MEMBERS OF ALL AGES AND BACKGROUNDS. OUR PROGRAMS SEEK TO CREATE A CONTINUUM OF LIFELONG LEARNING, WITH AN EMPHASIS ON SCHOOL AGE CHILDREN THROUGH OUR FREE FAMILY DAY PROGRAMS, TEACHER PROGRAMS, SCHOOL TOURS, AND PARTNERSHIPS WITH SPECIFIC SCHOOLS. MOST OF THESE PROGRAMS ARE FREE. OVER 11,968 PEOPLE HAVE BEEN WELCOMED TO THESE PROGRAMS. 26660884 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 277 0 1 203 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 65 64 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X WES MORAN 3123973808 220 EAST CHICAGO AVENUE CHICAGO IL 60611 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR 40.00 X X 851933 0 42766 CARI B SACKS BOARD CHAIR AND TRUSTEE 10.00 X X 0 0 0 ELLEN-BLAIR CHUBE VICE CHAIR AND TRUSTEE 5.00 X X 0 0 0 NICKOL R HACKETT VICE CHAIR AND TRUSTEE 5.00 X X 0 0 0 LESLIE BLUHM SECRETARY AND TRUSTEE 5.00 X X 0 0 0 MICHAEL CANMANN TREASURER AND TRUSTEE 5.00 X X 0 0 0 SARA ALBRECHT TRUSTEE 2.00 X 0 0 0 MICHAEL ALPER TRUSTEE 2.00 X 0 0 0 PETER J BARACK TRUSTEE 2.00 X 0 0 0 MARLENE BRESLOW-BLITSTEIN TRUSTEE 2.00 X 0 0 0 MARC BROOKS TRUSTEE 2.00 X 0 0 0 ROBERT BUFORD TRUSTEE 2.00 X 0 0 0 CAROL COHEN TRUSTEE 2.00 X 0 0 0 TARRAH COOPER WRIGHT TRUSTEE 2.00 X 0 0 0 NANCY CROWN TRUSTEE 2.00 X 0 0 0 DIMITRIS DASKALOPOULOS TRUSTEE 2.00 X 0 0 0 LAURA DAVIS TRUSTEE 2.00 X 0 0 0 ROBERT H DEFARES TRUSTEE 2.00 X 0 0 0 LISA DUARTE TRUSTEE 2.00 X 0 0 0 CHERYL S DURST TRUSTEE 2.00 X 0 0 0 LOIS EISEN TRUSTEE 2.00 X 0 0 0 LARRY FIELDS TRUSTEE 2.00 X 0 0 0 NICHOLAS GIAMPIETRO TRUSTEE 2.00 X 0 0 0 RACHEL GRUND TRUSTEE 2.00 X 0 0 0 JACK GUTHMAN TRUSTEE 2.00 X 0 0 0 JOHN B HARRIS TRUSTEE 2.00 X 0 0 0 KING HARRIS TRUSTEE 2.00 X 0 0 0 JANAINA HEES TRUSTEE 2.00 X 0 0 0 CYNTHIA HUNT TRUSTEE 2.00 X 0 0 0 ANNE L KAPLAN TRUSTEE 2.00 X 0 0 0 GUY LAKONISHOK TRUSTEE 2.00 X 0 0 0 LIZ LEFKOFSKY TRUSTEE 2.00 X 0 0 0 JONATHAN LEVIN TRUSTEE 2.00 X 0 0 0 RON LEVIN TRUSTEE 2.00 X 0 0 0 JAMES H LITINSKY TRUSTEE 2.00 X 0 0 0 MARQUIS D MILLER TRUSTEE 2.00 X 0 0 0 SUNDEEP MULLANGI TRUSTEE 2.00 X 0 0 0 CARRIE REYES MURPHY TRUSTEE 2.00 X 0 0 0 MARTIN NESBITT TRUSTEE 2.00 X 0 0 0 MICHAEL O'GRADY TRUSTEE 2.00 X 0 0 0 CAROL PRINS TRUSTEE 2.00 X 0 0 0 NATHANIEL ROBINSON TRUSTEE 2.00 X 0 0 0 EVE ROGERS TRUSTEE 2.00 X 0 0 0 JOSHUA ROGERS TRUSTEE 2.00 X 0 0 0 ILAN SHALIT TRUSTEE 2.00 X 0 0 0 WILLIAM SILVERSTEIN TRUSTEE 2.00 X 0 0 0 SARA SZOLD TRUSTEE (UNTIL 02/25) 2.00 X 0 0 0 ROBIN LOEWENBERG TEBBE TRUSTEE 2.00 X 0 0 0 NIGEL F TELMAN TRUSTEE 2.00 X 0 0 0 DIA S WEIL TRUSTEE 2.00 X 0 0 0 I JOYCE YAUNG TRUSTEE (UNTIL 06/25) 2.00 X 0 0 0 DANIEL YIH TRUSTEE 2.00 X 0 0 0 HELEN ZELL TRUSTEE 2.00 X 0 0 0 NICK CAVE ARTIST TRUSTEE 2.00 X 0 0 0 JOHN D CARTLAND LIFE TRUSTEE 2.00 X 0 0 0 MARSHALL FRONT LIFE TRUSTEE 2.00 X 0 0 0 HELYN D GOLDENBERG LIFE TRUSTEE 2.00 X 0 0 0 JAMES A GORDON LIFE TRUSTEE 2.00 X 0 0 0 MARY ITTELSON LIFE TRUSTEE 2.00 X 0 0 0 DON KAUL LIFE TRUSTEE 2.00 X 0 0 0 SALLY MEYERS KOVLER LIFE TRUSTEE 2.00 X 0 0 0 GAEL NEESON LIFE TRUSTEE 2.00 X 0 0 0 PENNY PRITZKER LIFE TRUSTEE 2.00 X 0 0 0 DORIE STERNBERG LIFE TRUSTEE 2.00 X 0 0 0 DARYL GERBER STOKOLS LIFE TRUSTEE 2.00 X 0 0 0 MARJORIE SUSMAN LIFE TRUSTEE 2.00 X 0 0 0 ALLEN M TURNER LIFE TRUSTEE 2.00 X 0 0 0 GWENDOLYN PERRY DAVIS DEPUTY DIRECTOR & COO 40.00 X 435500 0 34064 WES MORAN CFO 40.00 X 237919 0 33577 MOLLIE ALEXANDER CHIEF DEVELOPMENT OFF. (UNTIL 07/24) 40.00 X 233435 0 21904 RENE MORALES CHIEF CURATOR (UNTIL 04/24) 40.00 X 233484 0 10101 JOSHUA MANN CHIEF PEOPLE OFFICER 40.00 X 203694 0 31690 GINA CROWLEY SR. DIRECTOR OF AUDIENCE EXPERIENCE 40.00 X 180935 0 16914 CLAIRE RUUD DIR. OF CUR. AFFAIRS (UNTIL 01/25) 40.00 X 183591 0 4194 2560491 0 195210 43 0 1 0 SECURITAS SECURITY USA INC 12672 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SECURITY SERVICES 2021416 CHICAGO MANAGEMENT PERSONNEL SERVICES I 430 N MICHIGAN AVENUE SUITE 200 CHICAGO IL 60611 JANITORIAL/HOUSEKEEPING SERVICES 1847022 US ART COMPANY INC 78 PACELLA PARK DRIVE RANDOLPH MA 02368 ART STORAGE/TRANSPORT 1026657 JAMERSON & BAUWENS ELECTRIC INC 3160 MACARTHUR BLVD NORTHBROOK IL 60062 ELECTRICAL SERVICES 781083 TITAN SECURITY SERVICES LLC 600 W JACKSON SUITE 300 CHICAGO IL 60661 SECURITY SERVICES 588820 28 524612 8923449 2009941 6267364 7092000 17725366 ADMISSIONS 712110 1367544 1367544 PERFORMANCE 712110 50016 50016 EXHIBITIONS 712110 10382 10382 1427942 2049054 2049054 644931 116832 445708 0 199223 116832 316055 116832 199223 71320199 68197949 322046 3122250 -322046 2800204 2800204 7392848 8923449 9260217 -1867369 -1867369 2901041 1586738 1314303 1271099 43204 REAL ESTATE LIMITED PARTNERSHIP I 900099 837666 837666 PARKING GARAGE 712110 233447 233447 FOOD SERVICE 712110 200054 200054 -33585 -33983 398 1237582 25003137 2699041 126053 4452677 X 1626723 1186846 227677 212200 10350603 7479703 1485956 1384944 377778 275624 52874 49280 1028032 750045 143884 134103 821432 599311 114968 107153 136159 136159 111976 111976 582044 582044 7517886 5895281 1177544 445061 487615 365043 43286 79286 1223173 903878 156492 162803 1226992 915562 152637 158793 20069 14975 2497 2597 1505209 1122594 187526 195089 564979 419979 71067 73933 439439 327902 54666 56871 1137915 873398 149346 115171 2666231 2237755 241917 186559 392354 254383 52891 85080 ART ACQUISITIONS 2028966 2028966 COLLECTION SHIPPING & C 948169 746224 146554 55391 STORAGE AND CONSERVATIO 284214 223681 43930 16603 61284 39734 8261 13289 35539242 26660884 5344152 3534206 6933568 10786192 6812707 11603678 3380410 2802120 2716197 168382 925439 789967 855857 833499 85095320 48440694 37506140 36654626 45480856 36454360 100765246 109525819 5069488 3719190 210445908 213337833 4978775 5368583 309336 270610 29960043 29980021 4526842 3657862 39774996 39277076 X 122761320 129346428 47909592 44714329 170670912 174060757 210445908 213337833 X -10536105 14453254 -527304 X 0 1 X 1 0 X 14553934 26753562 12839132 9433812 16024777 79605217 1282723 2155160 2146656 1940307 1700589 9225435 15836657 28908722 14985788 11374119 17725366 88830652 3052346 85778306 591340 1332384 1594408 2558253 2693985 8770370 214055 522301 589556 1420836 1271565 4018313 101619335 7078422 0.84410 0.86300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 24019395 3122521 1811794 25330122 22199983 2708398 888986 24019395 21056006 1983476 839499 22199983 25814510 -3753430 1005074 21056006 20736032 5874518 796040 25814510 0.00000 0.69295 0.30705 0 0 3523258 3523258 71546296 40144313 31401983 8553232 8296381 256851 1472534 1472534 36654626 ALTERNATIVE INVESTMENTS 48997132 F INTERNATIONAL & LARGE CAP EQUITIES 41773936 F MID CAP EQUITIES 17430089 F MULTIFAMILY PORTFOLIO LTD PARTNERSHIP 1324662 C 109525819 RENTAL DEPOSITS 57281 LEASE LIABILITIES - OPERATING 3600581 3657862 X 38303861 14453254 -2564296 11888958 26414903 582044 -1993810 -1411766 25003137 34914016 1993810 1993810 32920206 582044 2036992 2619036 35539242 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE COMMONLY FOLLOWED BY MOST AMERICAN ART MUSEUMS, THE VALUE OF THE MUSEUM'S COLLECTION IS NOT INCLUDED IN THE FINANCIAL STATEMENTS. CONTRIBUTIONS FOR THE PURCHASE OF ART OBJECTS, THE PROCEEDS FROM DEACCESSIONS OF ART AND THE COST OF ART OBJECTS PURCHASED ARE REPORTED AS OTHER CHANGES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. THE MUSEUM'S POLICY IS TO MAINTAIN AND CONTINUE TO ACQUIRE SIGNIFICANT WORKS OF CONTEMPORARY ART (PRINCIPALLY 1945 TO PRESENT). FROM TIME TO TIME, OBJECTS MAY BE SOLD IN ACCORDANCE WITH THE MUSEUM'S COLLECTION MANAGEMENT POLICY. DEACCESSIONS MAY RESULT IF ONE OF THE FOLLOWING CONDITIONS IS MET: (A) PHYSICAL CONDITION HAS DETERIORATED TO A POINT BEYOND DISPLAY OR STUDY; OR (B) AN OBJECT IS BELIEVED TO NO LONGER BE PERTINENT TO THE SCOPE OF THE MUSEUM'S COLLECTION. ALL PROCEEDS REALIZED FROM DEACCESSIONS ARE ALLOCATED TO PURCHASE OTHER WORKS OF ART. THERE WERE NO AMOUNTS REALIZED FOR DEACCESSION OF ART FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART III, LINE 4: THE COLLECTION IS COMPRISED OF OVER 7,000 OBJECTS IN ALL MEDIA CREATED DURING THE TWENTIETH AND TWENTY-FIRST CENTURIES. THROUGH EXHIBITIONS, PRESERVATION AND RESEARCH, THE COLLECTION SUPPORTS THE MUSEUM'S MISSION TO BE INNOVATIVE AND A COMPELLING CENTER OF CONTEMPORARY ART WHERE THE PUBLIC CAN DIRECTLY EXPERIENCE THE WORK AND IDEAS OF LIVING ARTISTS, AND UNDERSTAND THE HISTORICAL, SOCIAL AND CULTURAL CONTEXT OF THE ART OF OUR TIME. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE MUSEUM'S OPERATIONS, SUBJECT TO A SPENDING POLICY. UP TO 5% OF THE AVERAGE MARKET VALUE OF ASSETS OVER A 12 QUARTER PERIOD ENDING WITH THE PRIOR 12/31 IS MADE AVAILABLE FOR ANNUAL DRAWS. PART X, LINE 2: THE MUSEUM IS A CHARITABLE AND EDUCATIONAL ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE TAXES UNDER THE PROVISIONS OF SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ILLINOIS DEPARTMENT OF REVENUE HAS ALSO DECLARED BOTH THE MUSEUM AND ITS WAREHOUSE EXEMPT FROM REAL ESTATE PROPERTY TAXES. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE REQUIRING 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 SHOULD THE POSITION BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT BELIEVES THAT THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. THERE ARE NO TAX POSITIONS FOR WHICH A MATERIAL CHANGE IN ANY UNRECOGNIZED TAX BENEFIT OR LIABILITY IS REASONABLY POSSIBLE IN THE NEXT 12 MONTHS. THE MUSEUM FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAPS -527,304. ART ACQUISITIONS -2,028,966. EQUIPMENT RENTAL EXPENSES -8,026. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,548,102. RENTAL EXPENSE -445,708. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,548,102. RENTAL EXPENSE 445,708. PART XII, LINE 4B - OTHER ADJUSTMENTS: ART ACQUISITIONS 2,028,966. EQUIPMENT RENTAL EXPENSES 8,026. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES ARTIST FEES 22000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES IMPORT DUTIES/TAXES 5615 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES VIDEOGRAPHY FEES 9770 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ARTIST FEES 28656 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CURATOR FEES 4500 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CYBER SECURITY 100162 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES INSURANCE PREMIUM 901 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES LICENSE FEES 3428 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PHOTOGRAPHY FEES 520 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PROMOTIONAL USE FEES 450 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SUBSCRIPTIONS 8259 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES TRAVEL FEES 11427 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES LOAN FEE 335 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES REIMBURSEMENT 47 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SHIPPING 2986 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 10783670 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 3920957 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1661413 NORTH AMERICA 0 0 INVESTMENTS 319058 SOUTH AMERICA 0 0 INVESTMENTS 65639 SOUTH ASIA 0 0 INVESTMENTS 119228 0 0 0 0 0 0 175032 16893989 17069021 1 0 1 1 1 0 ART AUCTION 15445725 8188425 7257300 7092000 577838 173956 1123636 LUNCHEON 624597 551629 72968 77010 46515 73464 3 245975 183395 62580 78049 17749 16316297 8923449 7392848 7092000 654848 298520 1214849 9260217 -1867369 X X X X X 1 1 0 0 0 0 0 0 0 MADELEINE GRYNSZTEJN PRITZKER DIRECTOR 851933 0 0 0 0 0 17500 0 25266 0 894699 0 0 0 GWENDOLYN PERRY DAVIS DEPUTY DIRECTOR & COO 435500 0 0 0 0 0 17500 0 16564 0 469564 0 0 0 WES MORAN CFO 237919 0 0 0 0 0 12603 0 20974 0 271496 0 0 0 MOLLIE ALEXANDER CHIEF DEVELOPMENT OFF. (UNTIL 07/24) 233435 0 0 0 0 0 0 0 21904 0 255339 0 0 0 RENE MORALES CHIEF CURATOR (UNTIL 04/24) 96984 0 0 0 136500 0 0 0 10101 0 243585 0 0 0 JOSHUA MANN CHIEF PEOPLE OFFICER 203694 0 0 0 0 0 10606 0 21084 0 235384 0 0 0 GINA CROWLEY SR. DIRECTOR OF AUDIENCE EXPERIENCE 180935 0 0 0 0 0 9554 0 7360 0 197849 0 0 0 CLAIRE RUUD DIR. OF CUR. AFFAIRS (UNTIL 01/25) 183591 0 0 0 0 0 0 0 4194 0 187785 0 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS PERFORMANCE, PEER DATA, SURVEYS, ETC. WHEN SETTING THE ANNUAL SALARY FOR THE PRITZKER DIRECTOR. AN EXTERNAL CONSULTANT CONFIRMED THAT THE PRITZKER DIRECTOR'S COMPENSATION FALLS BETWEEN THE 50TH PERCENTILE AND THE 75TH PERCENTILE FOR COMPARABLE ORGANIZATIONS. THE COMMITTEE DOCUMENTS ITS FINDINGS IN WRITING. PART I, LINES 4A-B LINE 4A: THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR 2024: RENE MORALES, CHIEF CURATOR, IN THE AMOUNT OF $136,500. LINE 4B: EXECUTIVE EMPLOYEES PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN EFFECTIVE NOVEMBER 1, 2017. THE PURPOSE OF THE PLAN IS TO PERMIT SELECTED EMPLOYEES OF THE MUSEUM TO RECEIVE SUPPLEMENTAL RETIREMENT INCOME THAT CANNOT BE PAID UNDER ITS QUALIFIED PLANS DUE TO THE REDUCTIONS AND LIMITATIONS IMPOSED BY SECTIONS 401(A)(17), 401(K)(3), 401(M) AND 415 OF THE INTERNAL REVENUE CODE OF 1986. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2016-10-27 30000000 REFINANCE ILLINOIS DEVELOPMENT AUTHORITY REVENUE BONDS SERIES 1994 0 0 0 A 30000000 30000000 2016 1 0 1 1 A 0 0 0 0 0.04990 0.04990 0 0 1 A 1 1 0 0 0 0 A 0 X 102 7092000 APPRAISAL 3 0 1 1 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: ARTWORK DONATIONS WERE RECEIVED FOR THE MUSEUM'S FUNDRAISING AUCTION. THE DONATED ARTWORK IS RECORDED AT FAIR VALUE BASED ON APPRAISALS PROVIDED BY THE DONATING GALLERY. A FINE ART BROKER IS UTILIZED FOR THE DONATED ARTWORK SOLD AT AUCTION. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRUSTEES HAVE A FAMILY RELATIONSHIP (1) DON KAUL AND LESLIE BLUHM (2) JOHN B. HARRIS AND KING HARRIS. THE FOLLOWING TRUSTEES HAVE A BUSINESS RELATIONSHIP (1) MICHAEL CANMANN AND NANCY CROWN. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE IRS FORM 990 WAS DELEGATED TO THE AUDIT COMMITTEE. AFTER REVIEW, A DRAFT COPY OF FORM 990 WAS EMAILED TO ALL BOARD MEMBERS. AFTER A 30 DAY REVIEW PERIOD, THE FORM 990 IS THEN FILED ELECTRONICALLY WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM MAINTAINS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO ALL TRUSTEES, MEMBERS OF STANDING COMMITTEES, AS WELL AS SENIOR MANAGEMENT AND OTHER DESIGNATED MEMBERS OF STAFF. THE POLICY REQUIRES THAT EACH PERSON TO WHOM THE POLICY APPLIES COMPLETE THE ANNUAL DISCLOSURE STATEMENT TO IDENTIFY ANY BUSINESS, FINANCIAL OR PERSONAL INTEREST IN MATTERS RELATING TO THE MUSEUM. THE POLICY FORBIDS SUCH INDIVIDUALS FROM VOTING ON OR USING THEIR PERSONAL INFLUENCE IN CONNECTION WITH SUCH MATTERS. IN THE EVENT THE MUSEUM DOES CONDUCT BUSINESS WITH SUCH RELATED PARTY, THE FINANCIAL TERMS OF THOSE RELATIONSHIPS ARE REPORTED ANNUALLY TO THE AUDIT COMMITTEE, WHOSE MEMBERS MUST BE INDEPENDENT PER THE TERMS OF THE CHARTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS PERFORMANCE, GOAL ACHIEVEMENT, PEER DATA, SURVEYS, ETC., WHEN SETTING THE ANNUAL SALARY FOR THE PRITZKER DIRECTOR/CHIEF EXECUTIVE OFFICER. DURING THE YEAR, THE COMMITTEE ENGAGED AN EXTERNAL CONSULTANT TO DOCUMENT THAT THE PRITZKER DIRECTOR'S COMPENSATION FALLS BETWEEN THE 50TH PERCENTILE AND THE 75TH PERCENTILE FOR COMPARABLE ORGANIZATIONS. THE COMMITTEE DOCUMENTS ITS FINDINGS IN WRITING, AND EMPLOYEES ARE NOT PRESENT WHEN THEIR COMPENSATION IS SET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE MUSEUM WILL PROVIDE A PUBLIC DISCLOSURE COPY OF THE 990. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 1,467,658. MANAGEMENT AND GENERAL EXPENSES 288,239. FUNDRAISING EXPENSES 108,942. TOTAL EXPENSES 1,864,839. CONTRACT LABOR - SECURITY: PROGRAM SERVICE EXPENSES 2,049,968. MANAGEMENT AND GENERAL EXPENSES 402,602. FUNDRAISING EXPENSES 152,166. TOTAL EXPENSES 2,604,736. ARTIST FEES: PROGRAM SERVICE EXPENSES 199,897. MANAGEMENT AND GENERAL EXPENSES 39,258. FUNDRAISING EXPENSES 14,838. TOTAL EXPENSES 253,993. JANITORIAL SERVICES: PROGRAM SERVICE EXPENSES 709,758. MANAGEMENT AND GENERAL EXPENSES 139,392. FUNDRAISING EXPENSES 52,684. TOTAL EXPENSES 901,834. ALL OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,468,000. MANAGEMENT AND GENERAL EXPENSES 308,053. FUNDRAISING EXPENSES 116,431. TOTAL EXPENSES 1,892,484. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -527,304.