2025-04-15T18:45:03-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-07-01 362167814 THE NEWBERRY LIBRARY NEWB 3129439090 60 WEST WALTON STREET CHICAGO IL 60610 SHARON WALTON VP FOR FINANCE/ADMINISTRATION 3129439090 2025-04-14 1 1 KIMBERLY A HAUMANN P00546491 3122071040 2025-04-14 2023 2025-03-06 01:10:19Z ASTRIDA ORLE TANTILLO 60 WEST WALTON STREET CHICAGO IL 60610 26565393 0 X WWW.NEWBERRY.ORG X 1891 IL THE NEWBERRY LIBRARY IS FREE AND OPEN TO THE PUBLIC AND FOSTERS A DEEPER UNDERSTANDING OF OUR WORLD BY INSPIRING RESEARCH AND LEARNING IN THE HUMANITIES AND ENCOURAGING CONVERSATIONS ABOUT IDEAS THAT MATTER TO DIVERSE AUDIENCES. OUR MISSION IS ROOTED IN A GROWING AND ACCESSIBLE COLLECTION OF RARE AND HISTORICAL MATERIALS THAT SPANS MORE THAN SIX CENTURIES OF HUMAN EXPERIENCE. WE PROVIDE FREE ACCESS TO THE COLLECTION IN OUR READING ROOMS; OFFER FREE PUBLIC PROGRAMS AND EXHIBITIONS; AND CREATE OPPORTUNITIES FOR SCHOLARS, TEACHERS, AND STUDENTS TO ENGAGE WITH THE COLLECTION, NEWBERRY STAFF, AND EACH OTHER. 34 34 133 244 0 0 11400446 5287902 994628 769004 2062406 4784613 159876 72643 14617356 10914162 1178871 1071500 0 0 7392988 7506755 0 0 912084 5204877 5310920 13776736 13889175 840620 -2975013 108311744 110374396 6235510 5560852 102076234 104813544 X THE NEWBERRY IS AN INTERNATIONALLY RECOGNIZED CULTURAL ORGANIZATION THAT IS HOME TO A GROWING AND DYNAMIC COLLECTION OF MATERIALS THAT CHRONICLES HUMAN ACHIEVEMENT AND EXPERIENCE FROM YEAR ONE THROUGH TODAY. WE PRESERVE THESE ITEMS AND MAKE THEM ACCESSIBLE SO THAT USERS MAY BETTER LEARN FROM THE PAST, UNDERSTAND THE PRESENT, AND INFLUENCE THE FUTURE. ANYONE 14 YEARS OF AGE OR OLDER CAN GET A FREE READERS CARD AND EXPLORE THEIR CURIOSITY IN OUR READING ROOMS BY COMING FACE-TO-FACE WITH ONE OF 600,000 MAPS, 5 MILLION MANUSCRIPT PAGES, OR 1.6 MILLION BOOKS, AND MORE. WE SERVE SCHOLARS AT ALL POINTS IN THEIR CAREERS, SUPPORTING GROUNDBREAKING RESEARCH IN A VARIETY OF FIELDS. WE ENGAGE THE PUBLIC THROUGH FREE EXHIBITIONS THAT SHOWCASE THE COLLECTION, FREE PROGRAMS THAT EXPLORE A VARIETY OF TOPICS FROM HISTORY TO LITERATURE TO PERFORMING ARTS, AND CONTINUING EDUCATION CLASSES. 0 0 9061309 1071500 791015 OUR DEDICATED LIBRARIANS, CURATORS, CATALOGERS, AND CONSERVATORS SERVE READERS, GROW AND CARE FOR THE COLLECTION, AND EXPAND ACCESS TO DIGITAL TOOLS.ITEMS PURCHASED: 677 ITEMS CATALOGUED: 4,217ITEMS TREATED BY CONSERVATION: 1,544ITEMS VIEWED OR DOWNLOADED FROM DIGITAL COLLECTIONS: 1,497,199DIGITAL FILES/IMAGES CREATED FROM NEWBERRY COLLECTION ITEMS: 118,695INDIVIDUALS REGISTERED AS NEWBERRY READERS: 5,048ITEMS REQUESTED FOR USE IN READING ROOMS: 12,9953,300 UNIQUE READER VISITS TO READING ROOMS; 12,304 TOTAL VISITSREFERENCE REQUESTS FIELDED BY NEWBERRY LIBRARIANS AND CURATORS: 10,286EXHIBITIONS, PUBLIC PROGRAMS, AND ADULT EDUCATION CLASSES ARE A FIRST POINT OF CONTACT FOR MANY PEOPLE WHO ENGAGE WITH OUR COMMUNITY. WE OFFER IN-PERSON, VIRTUAL, AND HYBRID PROGRAMMING.ADULT EDUCATION SEMINARS PARTICIPANTS: 1,331PUBLIC PROGRAMS ATTENDEES: 8,931EXHIBITION VISITORS: 30,860SOCIAL MEDIA PLATFORM FOLLOWERS: 86,900IN ADDITION TO MORE PUBLIC-FACING OFFERINGS, NEWBERRY STAFF SERVE RESEARCH FELLOWS, TEACHERS, GRADUATE AND UNDERGRADUATE STUDENTS, AND OTHER ACADEMICS. PARTICIPANTS IN RESEARCH CENTER PROGRAMS: 1,459DIGITAL COLLECTIONS FOR CLASSROOM SITE USERS: 79,000PROFESSIONAL DEVELOPMENT SEMINARS EDUCATOR ATTENDEES: 501LONG-TERM FELLOWS IN RESIDENCE: 13SHORT-TERM FELLOWS IN RESIDENCE: 35ATTENDEES AT SCHOLARLY SEMINARS: 646 9061309 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 295 0 1 133 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X SHARON WALTON 3122553567 60 WEST WALTON STREET CHICAGO IL 60610 ASTRIDA ORLE TANTILLO PRESIDENT & LIBRARIAN (BEG. 12/23) 35.00 0.00 X X 14851 0 0 GAIL KERN PASTER PRESIDENT & LIBRARIAN (THRU 11/23) 35.00 0.00 X X 85825 0 0 ROBERT A HOLLAND CHAIR 1.00 0.00 X X 0 0 0 LISA J PATTIS VICE CHAIR 1.00 0.00 X X 0 0 0 NANCY SPAIN SECRETARY 1.00 0.00 X X 0 0 0 DAVID B SMITH JR TREASURER 1.00 0.00 X X 0 0 0 EDITH RASMUSSEN AHERN TRUSTEE 1.00 0.00 X 0 0 0 GREGORY L BARTON TRUSTEE 1.00 0.00 X 0 0 0 JOAN BRODSKY TRUSTEE 1.00 0.00 X 0 0 0 FRANK CICERO JR TRUSTEE (THRU 02/24) 1.00 0.00 X 0 0 0 LEWIS COLLENS TRUSTEE 1.00 0.00 X 0 0 0 CELINE FITZGERALD TRUSTEE 1.00 0.00 X 0 0 0 RICHARD C GODFREY TRUSTEE 1.00 0.00 X 0 0 0 DAVID C HILLIARD TRUSTEE 1.00 0.00 X 0 0 0 CARROLL JOYNES TRUSTEE 1.00 0.00 X 0 0 0 ROBERT D KARPINSKI PHD TRUSTEE 1.00 0.00 X 0 0 0 EMILIO KOURI TRUSTEE 1.00 0.00 X 0 0 0 LAWRENCE LIPKING TRUSTEE 1.00 0.00 X 0 0 0 DAVID MACEY TRUSTEE 1.00 0.00 X 0 0 0 LAURIN MACK TRUSTEE 1.00 0.00 X 0 0 0 SONYA MALUNDA TRUSTEE 1.00 0.00 X 0 0 0 JAMES H MARROW TRUSTEE (THRU 10/23) 1.00 0.00 X 0 0 0 ANDREW MCNALLY IV TRUSTEE 1.00 0.00 X 0 0 0 MARY MINOW TRUSTEE 1.00 0.00 X 0 0 0 JEAN M O'BRIEN TRUSTEE 1.00 0.00 X 0 0 0 JEAN E PERKINS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL A POPE TRUSTEE 1.00 0.00 X 0 0 0 ADRIAN RANDOLPH TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY RAPPIN TRUSTEE 1.00 0.00 X 0 0 0 JOHN P ROMPON TRUSTEE 1.00 0.00 X 0 0 0 KEVIN ROCHFORD TRUSTEE 1.00 0.00 X 0 0 0 BURTON X ROSENBERG TRUSTEE 1.00 0.00 X 0 0 0 MARTHA T ROTH TRUSTEE 1.00 0.00 X 0 0 0 RUDY L RUGGLES JR TRUSTEE 1.00 0.00 X 0 0 0 ADELE SIMMONS TRUSTEE 1.00 0.00 X 0 0 0 KARLA SCHERER TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY S TOROSIAN TRUSTEE 1.00 0.00 X 0 0 0 KENNETH WARREN TRUSTEE 1.00 0.00 X 0 0 0 SHARON A WALTON VP, FINANCE & ADMINISTRATION 35.00 0.00 X 179938 0 27824 LAURA MCENANEY VP, RESEARCH & EDUCATION 35.00 0.00 X 158555 0 9489 MEREDITH PETROV VP, DEVELOPMENT 35.00 0.00 X 137389 0 15309 VINCE FIRPO VP, PUBLIC ENGAGEMENT 35.00 0.00 X 126778 0 14635 KAMILA FARSHCHI DIRECTOR OF INFORMATION TECHNOLOGY 35.00 0.00 X 116885 0 18329 DANIEL A GREENE FORMER PRESIDENT & LIBRARIAN 0.00 0.00 X 123966 0 7805 ALICE SCHREYER VP, COLLECTIONS AND LIBRARY SERVICES (THRU 06/23) 35.00 0.00 X 114926 0 11793 1059113 0 105184 7 1 1 0 SECURITAS SECURITY SERVICES 12672 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SECURITY SERVICES 295446 ABM JANITORIAL SERVICES PO BOX 74008829 CHICAGO IL 60674 CUSTODIAL SERVICES 250295 ISAACSON MILLER INC PO BOX 4106 WOBURN MA 01888 EXECUTIVE SEARCH SERVICES 131371 ORANGE LOGIC LLC 4199 CAMPUS DRIVE SUITE 550 IRVINE CA 82612 DIGITAL ASSET MANAGEMENT SERVICES 122300 MARKETING KEYS LLC 2553 BRIAN DRIVE NORTHBROOK IL 60062 MARKETING 120842 6 475125 253725 206383 4352669 372022 5287902 REGISTRATIONS 900099 347189 347189 OTHER SERVICES 900099 203995 203995 FACILITY RENTAL 532000 142329 142329 BOOK ROYALTIES 900099 75491 75491 769004 1981328 1981328 18307480 15504195 2803285 2803285 2803285 197668 253725 147036 50632 50632 MISCELLANEOUS INCOME 900099 22011 22011 22011 10914162 791015 0 4835245 977201 977201 94299 94299 448385 448385 5511626 3855987 1108614 547025 284244 171758 89371 23115 830633 548278 221180 61175 431867 281023 111441 39403 387401 184757 196572 6072 12180 12180 72282 72282 202539 122647 79892 136882 32381 36576 67925 109075 6755 102320 318285 153323 139092 25870 531670 214154 313268 4248 1166743 885520 228793 52430 174976 171922 2994 60 7500 7375 125 247484 247484 667539 506787 130686 30066 134829 260 134569 SUPPLIES/MINOR EQUIPMEN 557997 276956 229231 51810 BOOK COLLECTIONS 501371 501371 82167 68555 10727 2885 13889175 9061309 3915782 912084 3706412 3109772 0 267248 3387979 2926533 1621 3125 52464 62818 155843 193909 48483475 33231459 15201862 15252016 66265654 67828117 18766488 19973499 773421 757359 108311744 110374396 875956 1209106 221112 189701 1371708 977664 3400000 2850000 366734 334381 6235510 5560852 X 36148805 34122887 65927429 70690657 102076234 104813544 108311744 110374396 X -2975013 5674570 37753 X 0 1 X 1 0 X 8149864 8010097 10361468 11400446 5287902 43209777 8149864 8010097 10361468 11400446 5287902 43209777 7605691 35604086 1437676 1669341 1888286 1827089 1981328 8803720 35387 41259 193719 146552 22011 438928 52452425 4457294 0.67880 0.67310 X PART II, LINE 10 FOR THE YEARS ENDED JUNE 30, 2024 AND JUNE 30, 2023, OTHER INCOME INCLUDES SALES OF DUPLICATE COLLECTION ITEMS AND REWARD REDEMPTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 46784577 22540 4989910 1633603 50163424 41356310 3008168 4044524 1624425 46784577 49068477 78911 -6623043 1168035 41356310 40365430 328855 10181078 1806886 49068477 66372018 1162516 2226836 1522541 27873399 40365430 0.00000 0.81400 0.18600 0 0 38267816 25747036 12520780 10215659 7484423 2731236 15252016 PRIMUS HIGH YIELD BOND FUND, LP 4212406 F JP MORGAN MULTI-STRATEGY FUND II, LTD 131014 F PIMCO COMMODITY ALPHA FUND 5260149 F STATE STREET - LOOMIS SAYLES 10369930 F 19973499 ACCRUED GIFT ANNUITY 74456 OPERATING LEASE LIABILITY 202636 FINANCE LEASE LIABILITY 57289 334381 16768375 5674570 197392 37753 5909715 10858660 202538 -147036 55502 10914162 14031065 197392 147036 344428 13686637 202538 202538 13889175 PART III, LINE 1A: THE VALUE OF THE NEWBERRY LIBRARY'S COLLECTION IS EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. AN ADDITION TO THE NEWBERRY LIBRARY'S COLLECTION IS MADE EITHER BY A DONATION FROM A BENEFACTOR OR THROUGH A PURCHASE FROM LIBRARY ACQUISITION FUNDS. THE NEWBERRY LIBRARY ACQUISITION FUNDS MAY BE CLASSIFIED AS PERMANENTLY RESTRICTED, FOR WHICH ONLY THE INCOME EARNED ON PRINCIPAL BALANCES MAY BE USED FOR ACQUISITIONS; TEMPORARILY RESTRICTED, FOR WHICH BOTH THE PRINCIPAL AND EARNED INCOME MAY BE USED FOR ACQUISITIONS; OR UNRESTRICTED, REPRESENTING FUNDS DESIGNATED BY THE BOARD TO BE USED FOR ACQUISITIONS. THE SALE OF HOLDINGS FROM THE NEWBERRY LIBRARY'S COLLECTION IS PERFORMED IN ACCORDANCE WITH THE NEWBERRY LIBRARY POLICY, PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE CLASSIFIED AS UNRESTRICTED OR TEMPORARILY RESTRICTED FOR PURCHASE OF ADDITIONAL COLLECTION ITEMS. THE NEWBERRY LIBRARY'S COLLECTION IS PROTECTED, CARED FOR, AND PRESERVED; AND IS SUBJECT TO STRICT POLICIES GOVERNING ITS USE. THE VALUE OF THE NEWBERRY LIBRARY'S COLLECTION IS NOT SUBJECT TO REASONABLE ESTIMATION. PART III, LINE 4: OUR COLLECTIONS INCLUDE 1.6 MILLION BOOKS, 5 MILLION MANUSCRIPT PAGES, AND 0.6 MILLION HISTORIC MAPS. THESE NON-CIRCULATING COLLECTIONS ARE FREE AND OPEN TO THE PUBLIC FOR USE IN SCHOLARLY RESEARCH AND SPAN THE HISTORY AND CULTURE OF WESTERN EUROPE AND THE AMERICAS (MIDDLE AGES THRU PRESENT). COLLECTION STRENGTHS INCLUDE AMERICAN HISTORY AND CULTURE; AMERICAN INDIAN AND INDIGENOUS STUDIES; CHICAGO AND THE MIDWEST; GENEALOGY AND LOCAL HISTORY; HISTORY OF THE BOOK; MAPS, TRAVEL AND EXPLORATION; MEDIEVAL, RENAISSANCE, AND EARLY MODERN STUDIES; MODERN MANUSCRIPTS AND ARCHIVES; PERFORMING ARTS; POSTCARDS; AND RELIGION. PART V, LINE 4: THERE ARE ENDOWMENTS THAT SUPPORT THE PURCHASE OF LIBRARY MATERIALS, SUPPORT FOR CERTAIN DIVISIONS OF THE LIBRARY AND SUPPORT FOR UNRESTRICTED PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFERRED GIVING ARRANGEMENT 37,753. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -147,036. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 147,036. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES FELLOWSHIPS AND TRAVEL 57829 SOUTH AMERICA 0 0 PROGRAM SERVICES FELLOWSHIPS AND HONORARIUM 28000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES FELLOWSHIPS 6000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES TRAVEL 1370 NORTH AMERICA 0 0 PROGRAM SERVICES STIPEND 1100 0 0 0 0 0 0 94299 0 94299 FELLOWSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 5 57000 WIRE TRANSFER 0 TRAVEL EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 0 CREDIT CARD 1370 AIRLINE FELLOWSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 3000 WIRE TRANSFER 0 FELLOWSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 3000 CHECK 0 TRAVEL EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 0 CREDIT CARD 829 AIRLINE TICKETS FELLOWSHIP SOUTH AMERICA 3 26000 WIRE TRANSFER 0 HONORARIUM SOUTH AMERICA 1 2000 WIRE TRANSFER 0 STIPEND NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 600 CHECK 0 STIPEND NORTH AMERICA 1 500 WIRE TRANSFER 0 0 0 0 0 0 0 PART I, LINE 3: EACH GRANT HAS A BUDGET AND A PROGRAM PLAN. THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION, CONTROLLER, AND THE PROGRAM MANAGER MONITOR THE BUDGET ON A MONTHLY BASIS. FELLOWSHIPS FROM THE NEWBERRY LIBRARY ARE INTENDED TO BE SPENT AS THE RECIPIENTS DEEM NECESSARY. GENERALLY, THEY ARE USED BY FELLOWS TO SUPPORT HOUSING, FOOD, AND OTHER COSTS ASSOCIATED WITH A PERIOD OF RESEARCH AT THE LIBRARY. BOOK FAIR 171543 171543 1618 37377 AWARD DINNER 279850 253725 26125 25838 53202 29001 451393 253725 197668 25838 54820 66378 147036 50632 1 FELLOWSHIPS 111 530184 HONORARIUMS 312 400534 STIPENDS 40 33400 PUBLICATION SUBSIDY 4 9600 TRAVEL REIMBURSEMENTS 7 3483 PART I, LINE 2: EACH GRANT HAS A BUDGET AND A PROGRAM PLAN. THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION, CONTROLLER, AND THE PROGRAM MANAGER MONITOR THE BUDGET ON A MONTHLY BASIS. X X X 0 0 0 0 0 0 0 1 0 SHARON A WALTON VP, FINANCE & ADMINISTRATION 171438 0 8500 0 0 0 19305 0 8519 0 207762 0 0 0 LAURA MCENANEY VP, RESEARCH & EDUCATION 157555 0 1000 0 0 0 9489 0 0 0 168044 0 0 0 MEREDITH PETROV VP, DEVELOPMENT 136139 0 1250 0 0 0 8452 0 6857 0 152698 0 0 0 DANIEL A GREENE FORMER PRESIDENT & LIBRARIAN 123966 0 0 0 0 0 7436 0 369 0 131771 0 0 0 ALICE SCHREYER VP, COLLECTIONS AND LIBRARY SERVICES 114926 0 0 0 0 0 7022 0 4771 0 126719 0 0 0 PART I, LINE 7 THE BONUSES WERE SET BY MANAGEMENT AND BASED ON ACCOMPLISHMENTS DURING THE YEAR. X 11 372022 NET SALES PRICE 5 0 1 0 PART I, COLUMN (B): THE NEWBERRY LIBRARY DOES NOT REPORT CONTRIBUTIONS OF WORKS OF ART, PUBLICATIONS OR COLLECTIBLES. FORM 990, PART IV, LINE 30 THE NEWBERRY LIBRARY RECEIVES CONTRIBUTIONS TO ITS COLLECTIONS. HOWEVER, SUCH CONTRIBUTIONS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD REVIEWS AND APPROVES FORM 990. A COMPLETE COPY OF THE FORM 990 IS SENT TO THE ENTIRE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES AND ANY OF ITS COMMITTEES OF THE NEWBERRY LIBRARY SHALL DISCLOSE ANY CONFLICT OF INTEREST ON AN ANNUAL BASIS BY COMPLETING AND SUBMITTING THE NEWBERRY LIBRARY CONFLICT OF INTEREST DISCLOSURE FORM. THERE IS A FOLLOW-UP TO ENSURE RECEIPT OF THE FORMS FROM ALL THE AFOREMENTIONED INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 15A THE BY-LAWS OF THE NEWBERRY LIBRARY PROVIDE (IN SECTION 3 OF ARTICLE V) THAT THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES "SHALL AT LEAST ANNUALLY REVIEW THE COMPENSATION OF THE PRESIDENT AND THE LIBRARIAN." WITH RESPECT TO THE NEWBERRY LIBRARY'S ACCOUNTING YEAR WHICH ENDED JUNE 30, 2024, THE EXECUTIVE COMMITTEE, ACTING IN EXECUTIVE SESSION, SET THE COMPENSATION OF THE PRESIDENT AND THE LIBRARIAN. IN SETTING THAT COMPENSATION THE EXECUTIVE COMMITTEE CONSIDERS THE PERFORMANCE OF THE PRESIDENT AND LIBRARIAN AS WELL AS COMPARATIVE INFORMATION AVAILABLE TO IT OF THE COMPENSATION OF CHIEF EXECUTIVE OFFICERS OF PEER INSTITUTIONS AND OTHER NON-PROFIT ORGANIZATIONS IN THE CHICAGO AREA. THE EXECUTIVE COMMITTEE IS AWARE OF THE REQUIREMENTS WITH RESPECT TO THE REVIEW OF EXECUTIVE COMPENSATION WHICH ARE SET OUT IN THE INSTRUCTIONS TO INTERNAL REVENUE SERVICE FORM 990 AND BELIEVES IT HAS FULFILLED SUCH REQUIREMENTS WITH RESPECT TO THE NEWBERRY LIBRARY'S YEAR ENDED JUNE 30, 2024. THE EXECUTIVE COMMITTEE HAS DESIGNATED ITSELF AS THE "COMPENSATION COMMITTEE" AS THAT TERM IS USED IN SAID INSTRUCTIONS. NO INDEPENDENT COMPENSATION CONSULTANT HAS ADVISED THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE NEWBERRY LIBRARY MAKES ALL OF ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DEFERRED GIVING ARRANGEMENTS 37,753.