2024-11-11T12:43:23-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2023-01-01 363689172 CANTIGNY FOUNDATION CANT 6302608151 1 S 151 WINFIELD ROAD WHEATON IL 60189 TIMOTHY KNIGHT CEO & PRESIDENT 6302608151 2024-11-11 1 0 BRIDGET T ROCHE P00666837 3128560200 2023 2024-10-15 13:58:12Z TIMOTHY P KNIGHT 1 S 151 WINFIELD ROAD WHEATON IL 60189 188478821 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 6 206 168 2374397 0 20574551 28062563 5936073 7035108 18951570 9886709 5389629 5071666 50851823 50056046 0 900 0 0 12258463 12184600 0 0 0 19271312 24933247 31529775 37118747 19322048 12937299 450019790 497823628 69228252 68530797 380791538 429292831 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 28790617 900 7035108 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 2023, OVER 371,000 VISITORS CAME TO ENJOY CANTIGNY PARK, GOLF, AND FIRST DIVISION MUSEUM. THIS INCLUDES OVER 115,000 VISITORS TO THE FIRST DIVISION MUSEUM. 28790617 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 0 0 0 0 1 0 0 0 1 90 0 1 206 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X ERNETTA ROPER CONTROLLER 3124455000 1 S 151 WINFIELD ROAD WHEATON IL 60189 DENNIS FITZSIMONS CHAIRMAN OF THE BOARD 2.00 2.00 X X 27500 27500 0 LEE HENDERSON DIRECTOR 2.00 2.00 X 27500 27500 0 RUTHELLYN MUSIL DIRECTOR 2.00 2.00 X 27500 27500 0 WILLIAM MCCLEAN DIRECTOR 2.00 2.00 X 27500 27500 0 CELENA ROLDAN DIRECTOR 2.00 2.00 X 27500 27500 0 SCOTT SMITH DIRECTOR 2.00 2.00 X 27500 27500 0 TIMOTHY KNIGHT CEO & PRESIDENT 12.00 28.00 X 233244 544236 44199 CARLA BEAL CIO & TREASURER 8.00 32.00 X 100185 400741 43599 KIMBERELY TYLER CFO (THRU 11/2023) 24.00 16.00 X 170832 113888 20956 ANDRES TORRES VP-STRAT., PLANNING, OPS; SEC. 16.00 24.00 X 103218 154826 34403 OSCAR REGALADO VP OF HUMAN RESOURCES 16.00 24.00 X 104216 156325 32260 DAVID GRANAT FORMER CIO 5.00 25.00 X 35336 176676 26965 MATTHEW LAFOND EXECUTIVE DIRECTOR, CANTIGNY PARK 40.00 0.00 X 204991 0 54531 AKAOSE KACHIKWU DIRECTOR OF IT 40.00 0.00 X 180971 0 22319 EDWARD HOLZMAN DIRECTOR OF FACILITIES 40.00 0.00 X 160018 0 50225 SCOTT WITTE SPECIAL PROJECTS COORDINATOR 40.00 0.00 X 148281 0 42933 1606292 1711692 372390 24 0 1 0 LEC EVENT TECHNOLOGY INC 5300 BELMONT ROAD SUITE 100 DOWNERS GROVE IL 60515 CHRISTMAS AT CANTIGNY LIGHTING DISPLAY 607342 GRANT THORNTON LLP 171 N CLARK ST CHICAGO IL 60601 ACCOUNTING SERVICES 515139 KORN FERRY (US) 1900 AVENUE OF THE STARS SUITE 150 LOS ANGELES CA 90067 ORGANIZATIONAL CONSULTING 470511 QUITNO GOLF DESIGNS INC 245 NORTH ROSE AVENUE PARK RIDGE IL 60068 DESIGN SERVICES 244090 MONTICELLO ASSOCIATES INC 1800 LARIMER STREET SUITE 2100 DENVER CO 80202 INVESTMENT CONSULTING SERVICES 150000 16 28057822 4741 28062563 GOLF AND GOLF ACADEMY 713910 4986031 4986031 PARK PROGRAMS & EVENTS 712190 807970 807970 MEMBER FEES & PARKING 812930 774881 774881 YOUTH LINKS 713910 458469 458469 MUNICIPAL BOND REVENUE 531190 7757 7757 7035108 8573385 8573385 863962 491353 372609 372609 372609 137361360 5500 136053536 0 1307824 5500 1313324 1313324 6505245 1877886 4627359 2374397 2252962 GIFT CARD REVENUE 900099 42381 42381 REBATE 900099 20887 20887 8430 8430 71698 50056046 7035108 2374397 12583978 900 900 2769597 1590927 1178670 6144300 3497952 2646348 768376 443245 325131 1942813 1424419 518394 559514 343311 216203 6660933 6660933 108228 108228 117195 117195 138185 138185 2242866 1119459 1123407 73707 61412 12295 1596183 1326514 269669 665839 2115 663724 2007894 1788076 219818 169966 124383 45583 110488 16210 94278 3396648 3396648 5510272 5510272 723332 110245 613087 EXHIBITS AND PROGRAMS 1206951 1188036 18915 DUES & SUBSCRIPTIONS 39619 20619 19000 164941 164941 37118747 28790617 8328130 0 27089 91490 125280455 116573114 389204 584528 349305 361079 660353 835932 154073693 85471716 69817004 68601977 6267790 45533490 241560217 256808763 0 0 5668373 8433255 450019790 497823628 10530100 9918610 0 0 57642181 57678327 1055971 933860 69228252 68530797 X 379952538 428453832 839000 839000 380791538 429292831 450019790 497823628 X 12937299 35413994 150000 X 0 1 X 1 0 X 16508932 22369302 812594 20574551 28062563 88327942 4030760 4464459 5808938 5936073 7035108 27275338 20539692 26833761 6621532 26510624 35097671 115603280 0 0 0 115603280 8692622 5111210 5570079 8780174 13568195 41722280 1798286 171286 2250986 3088120 2374397 9683075 10490908 5282496 7821065 11868294 15942592 51405355 3096 28813 71698 103607 31030600 32116257 14445693 38407731 51111961 167112242 0.69180 0.73790 0.30760 0.26190 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GIFT CARD REVENUE - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 42,381. REBATES - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 20,887. MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 3,096. 2022 AMOUNT: $ 28,813. 2023 AMOUNT: $ 8,430. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 1323205 1323205 55593638 40380332 15213306 10766215 8692119 2074096 86390635 36399265 49991370 68601977 INTERNATIONAL EQUITY INDEX FUND 84466683 F DOMESTIC EQUITY FUND 96427585 F HIGH YIELD CREDIT FUND 75914495 F 256808763 OPERATING FINANCE LEASE OBLIGATION 933860 933860 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 71660833 0 0 0 0 0 0 71660833 0 71660833 0 0 0 0 0 0 X X 1 1 X X X 1 0 0 0 0 0 0 0 0 TIMOTHY KNIGHT CEO & PRESIDENT 225256 525598 0 0 7988 18638 10730 25038 2529 5902 246503 575176 0 0 CARLA BEAL CIO & TREASURER 97260 389041 0 0 2925 11700 7154 28614 1566 6265 108905 435620 0 0 KIMBERELY TYLER CFO (THRU 11/2023) 104742 69828 0 0 66090 44060 17968 11979 2988 1992 191788 127859 0 0 OSCAR REGALADO VP OF HUMAN RESOURCES 95366 143050 0 0 8850 13275 10371 15557 2533 3799 117120 175681 0 0 ANDRES TORRES VP-STRAT., PLANNING, OPS; SEC. 94050 141075 0 0 9168 13751 10371 15557 3390 5085 116979 175468 0 0 MATTHEW LAFOND EXECUTIVE DIRECTOR, CANTIGNY PARK 190366 0 0 0 14625 0 20300 0 34231 0 259522 0 0 0 DAVID GRANAT FORMER CIO 32898 164488 0 0 2438 12188 3256 16281 1238 6190 39830 199147 0 0 EDWARD HOLZMAN DIRECTOR OF FACILITIES 160018 0 0 0 0 0 15372 0 34853 0 210243 0 0 0 AKAOSE KACHIKWU DIRECTOR OF IT 180971 0 0 0 0 0 17903 0 4416 0 203290 0 0 0 SCOTT WITTE SPECIAL PROJECTS COORDINATOR 148281 0 0 0 0 0 14252 0 28681 0 191214 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 2023, THE CEO & PRESIDENT WAS 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 2023 FOR MATTHEW LAFOND, EXECUTIVE DIRECTOR CANTIGNY PARK WAS $26,400, FOR EDWARD HOLZMAN, DIRECTOR OF FACILITY SERVICES WAS $27,700, FOR SCOTT WITTE, SPECIAL PROJECTS COORIDNATOR WAS $20,600. THE REIMBURSEMENTS WERE NOT TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A: MS. KIM TYLER LEFT THE ORGANIZATION DURING CY23. THE SEVERANCE PAYMENT OF $100,000 IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). A A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2017-12-27 58000000 BUILDING & LAND IMPROVEMENTS AT CANTIGNY 0 0 0 A 58000000 543418 57456582 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 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 B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, GRANT THORNTON, 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 MANAGEMENT, AND A COPY OF THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS IN ADVANCE OF FILING. 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 VICE PRESIDENT OF HUMAN RESOURCES (COMPLIANCE OFFICER) FOR REVIEW. IF THE COMPLIANCE OFFICER DETERMINES 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. FORM 990, PART XI, LINE 9: LEGAL EXPENSE REIMBURSEMENT 150,000. 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