2024-11-11T14:40:47-06:00 2023-12-31 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2023-01-01 830802129 YERKES FUTURE FOUNDATION INC YERK 2622455555 PO BOX 346 WILLIAMS BAY WI 53191 DIANNA COLMAN PRESIDENT 2622455555 2024-11-06 1 1 KATHERINE HOFFMAN P01458876 4142717800 2023 2024-10-15 13:58:12Z DIANNA COLMAN PO BOX 346 WILLIAMS BAY WI 53191 2358393 0 X WWW.YERKESOBSERVATORY.ORG X 2018 WI YERKES OBSERVATORY ADVANCES HUMANKIND'S UNDERSTANDING OF THE UNIVERSE AND OUR PLACE WITHIN IT, IGNITING CURIOSITY, FACILITATING EXPLORATION AND NURTURING A DEEP SENSE OF CONNECTION WITH OUR PLANET AND EACH OTHER. 13 13 28 130 0 0 4578484 1399527 195356 317890 15 143989 19779 -84162 4793634 1777244 0 0 0 0 871268 1344712 41882 0 314087 610377 1581890 1523527 2926602 3270107 -1149358 15322392 14182665 114772 104238 15207620 14078427 YERKES OBSERVATORY ADVANCES HUMANKIND'S UNDERSTANDING OF THE UNIVERSE AND OUR PLACE WITHIN IT, IGNITING CURIOSITY, FACILITATING EXPLORATION AND NURTURING A DEEP SENSE OF CONNECTION WITH OUR PLANET AND EACH OTHER. 0 0 1489891 YERKES OBSERVATORY ADVANCES HUMANKIND'S UNDERSTANDING OF THE UNIVERSE AND OUR PLACE WITHIN IT, IGNITING CURIOSITY, FACILITATING EXPLORATION AND NURTURING A DEEP SENSE OF CONNECTION WITH OUR PLANET AND EACH OTHER. 344991 384592 TOURS - YERKES FUTURE FOUNDATION OFFERS TOURS AND EVENTS, ASTRONOMY PROGRAMS FOR ALL AGES, AND CULTURAL AND SCIENCE PROGRAMMING TO PROVIDE ENRICHMENT THAT CONNECTS SCIENCE, LANDSCAPE AND CULTURE IN ORDER TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE PUBLIC. 413946 3560 SCIENCE - IN 2023, OUR SCIENCE TEAM HOSTED OUR FIRST UNDERGRADUATE SUMMER RESEARCH PROGRAM, OUR FIRST ASTRONOMER-IN-RESIDENCE, AND LAUNCHED OPPORTUNITIES FOR K-12 CLASSROOMS TO VISIT THE OBSERVATORY. WE BEGAN ASSESSING THE LARGE TELESCOPES IN THE BUILDING AND IMPLEMENTED SOME IMMEDIATE UPGRADES TO PROGRESS WITH BOTH PUBLIC PROGRAMS AND RESEARCH OBSERVING. WE WELCOMED LARGE GROUPS FOR FAMILY-FOCUSED STAR PARTIES AND OBSERVING ON THE LAWN, AND WE HOSTED SEVERAL SUCCESSFUL AND PRODUCTIVE RESEARCH AND PROFESSIONAL WORKSHOPS AT YERKES OBSERVATORY. 2248828 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 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 36 0 1 28 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X X PEG POLLITT 2623741978 PO BOX 346 WILLIAMS BAY WI 53191 DIANNA COLMAN CHAIRMAN 3.00 X X 0 0 0 TOM NICKOLS TREASURER 3.00 X X 0 0 0 FRANK BONIFACIC SECRETARY 3.00 X X 0 0 0 WILLIAM BROWNELL DIRECTOR 3.00 X 0 0 0 JOSEPH MADONIA DIRECTOR 3.00 X 0 0 0 DANA HAGENAH DIRECTOR 3.00 X 0 0 0 PETER STROTHMAN DIRECTOR 3.00 X 0 0 0 KATE LEWIS DIRECTOR 3.00 X 0 0 0 JEFF GERMANOTTA DIRECTOR 3.00 X 0 0 0 ROBIN CULBERTSON DIRECTOR 3.00 X 0 0 0 CHARLES EBELING VICE CHAIRMAN 3.00 X X 0 0 0 AMY TANKING DIRECTOR 3.00 X 0 0 0 MARY KILMER DIRECTOR 3.00 X 0 0 0 DENNIS KOIS EXECUTIVE DIRECTOR 40.00 X 224367 0 10702 AMANDA BAUER KEY EMPLOYEE 40.00 X 179040 0 28900 403407 0 39602 2 0 1 0 MARION RESTORATION 3512 N KOSTNER AVE CHICAGO IL 60641 RENOVATION COSTS 163197 ADAMS ELECTRIC 801 N WISCONSIN ST ELKHORN WI 53121 RENOVATION COSTS 154052 BLUE PLATE CATERING INC 705 S HIGH POINT MADISON WI 53719 EVENT EXPENSES 146531 LUCI CREATIVE LLC 6950 N CENTRAL PARK LINCOLNWOOD IL 60712 STATEGIC PLANNING 144445 CAMPBELL & COMPANY 1900 S LASALLE ST CHICAGO IL 60603 FUNDRAISING 119275 7 57447 1342080 245889 1399527 TOUR REVENUE 561520 317890 317890 317890 137111 137111 27802 0 27802 27802 27802 42775 41000 43103 33794 -328 7206 6878 6878 286900 449768 -162868 -162868 96905 54484 42421 42421 MISCELLANEOUS REVENUE 900099 8444 8444 MERCHANDISE REVENUE 900099 39 39 8483 1777244 388152 0 -10435 X 443008 277716 94772 70520 657704 540486 91840 25378 82652 82652 74147 6979 45507 21661 87201 64948 14568 7685 9975 9975 1152 1152 351936 227297 3450 121189 122020 122020 107795 73569 11915 22311 51277 29935 5997 15345 52525 42020 10505 22787 9459 7271 6057 6608 4452 940 1216 248779 248779 53452 50654 2798 BUILDING MAINTENANCE 197741 156608 41133 ACQUISITION OF ART FOR 126308 126308 PROGRAM EXPENSES 115412 115412 GROUNDS MAINTENANCE 80690 61556 19134 33433 6826 3882 22725 2926602 2248828 363687 314087 3884044 3093530 2283479 1545037 163993 131769 32065 59884 97464 36424 9258859 316094 8559166 8942765 123726 134315 178455 238941 15322392 14182665 103772 86218 11000 18020 114772 104238 X 11619681 10882015 3587939 3196412 15207620 14078427 15322392 14182665 -1149358 20165 0 X X 0 1 X 1 0 X 177006 4207055 3968511 4578484 1399528 14330584 3145 8900 213672 701695 927412 177006 4210200 3977411 4792156 2101223 15257996 25000 330000 252106 730135 185626 1522867 1447286 3269675 3038494 42155 7797610 25000 1777286 3521781 3768629 227781 9320477 5937519 1726 4557 15 171791 178089 1726 4557 15 171791 178089 3650 9298 8483 21431 177006 4211926 3985618 4801469 2281497 15457516 0.38410 0.01150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 123726 14766 13614 1152 123726 123726 8 8 123726 1.00000 0 0 2000000 2000000 6422620 178153 6244467 458183 64547 393636 378056 73394 304662 8942765 X 2136704 20165 44054 296393 360612 1776092 1152 1152 1777244 3265897 44054 296393 340447 2925450 1152 1152 2926602 PART III, LINE 1A: THE ORGANIZATION HAS ELECTED NOT TO DEPRECIATE ITS ART COLLECTION IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) 958-360, PROPERTY, PLANT, AND EQUIPMENT. ASC 958-360 PERMITS NOT-FOR-PROFIT ENTITIES TO AVOID DEPRECIATION FOR COLLECTIONS OF WORKS OF ART IF CERTAIN CONDITIONS ARE MET. THE ORGANIZATION'S POLICY IS TO MAINTAIN ITS COLLECTION IN PERPETUITY, AND AS SUCH, THE USEFUL LIVES OF THESE ASSETS ARE CONSIDERED TO BE INDEFINITE. THE ART COLLECTION IS SUBJECT TO REGULAR MAINTENANCE AND RESTORATION TO PRESERVE ITS VALUE, AND, AS A RESULT, NO DEPRECIATION EXPENSE HAS BEEN RECORDED. THE COLLECTION CONSISTS OF A PIECE OF ART ACQUIRED DURING THE YEAR ENDED DECEMBER 31, 2023. IT IS THE ORGANIZATION'S INTENT TO ACQUIRE MORE PIECES OF ART FOR ITS COLLECTION IN THE FUTURE. IT IS ALSO THE ORGANIZATION'S BELIEF THAT THE ART COLLECTION IS HELD FOR THE PURPOSE OF EXHIBITION, EDUCATION AND FURTHER RESEARCH OF ITS MISSION. THE COLLECTION IS VALUED BASED ON HISTORICAL ACQUISITION COSTS, WHICH ARE $126,308 AS OF DECEMBER 31, 2023. THE TOTAL COST OF THE COLLECTION INCLUDES PURCHASE PRICES AND RELATED COSTS INCURRED DURING ACQUISITION, SUCH AS TRANSPORTATION AND INSTALLATION. THE ORGANIZATION PERIODICALLY ASSESSES THE COLLECTION FOR ANY SIGNIFICANT CHANGES IN VALUE. ANY REVALUATION WILL BE DISCLOSED IN THE FINANCIAL STATEMENTS IF MATERIAL. IT IS THE POLICY OF THE ORGANIZATION THAT SHOULD THEY SELL COLLECTION OBJECTS, ANY FINANCIAL PROCEEDS REALIZED SHALL BE USED SOLELY FOR THE ACQUISITION OF NEW COLLECTION ITEMS AND/OR THE DIRECT CARE OF EXISTING COLLECTIONS PART III, LINE 4: THE OBSERVATORY HOLDS COLLECTIONS REQUIRED FOR ONGOING CONTEMPORARY ASTRONOMY RESEARCH BY ASTROPHYSICISTS AND ACADEMICS, RELATING TO THE HISTORY OF THE OBSERVATORY AND SCIENCE USED TO INTERPRET THE OBSERVATORY AND ASTRONOMY FOR THE GENERAL PUBLIC, AND OF AESTHETIC INTEREST FOR THE ENGAGEMENT OF THE GENERAL PUBLIC IN UNDERSTANDING SCIENCE, SCIENTIFIC PROCESS, ASTRONOMY AND THE LANDSCAPE. ALL OF THESE ACTIVITIES FURTHER OUR MISSION. PART V, LINE 4: TO FURTHER THE ORGANIZATION'S MISSION. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT CONSIDERED A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUES TO BE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH U.S. GAAP. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURES REQUIRED. MANAGEMENT OF THE ORGANIZATION EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. IN MANAGEMENT'S OPINION, THE ORGANIZATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT REPORTED A CORRESPONDING LIABILITY IN THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN THE REVENUE SECTION 296,393. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN THE REVENUE SECTION 296,393. ANNUAL GALA 286900 286900 234409 153991 45810 15558 286900 286900 234409 153991 45810 15558 449768 -162868 X X X X 0 0 0 0 0 0 0 0 0 DENNIS KOIS EXECUTIVE DIRECTOR 212734 0 10000 0 1633 0 6476 0 4226 0 235069 0 0 0 AMANDA BAUER KEY EMPLOYEE 178435 0 0 0 605 0 11144 0 17756 0 207940 0 0 0 X 4 240701 NASDQ TRADE VALUE X SUPPLIES 7 5188 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER IS PROVIDED WITH A COPY OF THE FORM 990 AT A BOARD MEETING FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS ARE REVIEWED REGULARLY BY BOARD AND STAFF IF CIRCUMSTANCES CHANGE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE ORGANIZATION'S OFFICER WAS DETERMINED USING ANALYSIS OBTAINED FROM INDEPENDENT CONSULTATION AND BOARD MEMBERS, AND INCLUDED ANALYZING THE COMPENSATIONS OF OFFICERS IN THE SAME POSITION AT OTHER ORGANIZATIONS THAT OPERATE SIMILARLY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 227,297. MANAGEMENT AND GENERAL EXPENSES 3,450. FUNDRAISING EXPENSES 18,581. TOTAL EXPENSES 249,328. OUTSIDE CONSULTANT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 102,608. TOTAL EXPENSES 102,608. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES OVERSIGHT RESPONSIBILITY FOR THE ANNUAL AUDIT AND RESPONSIBILITY FOR THE SELECTION OF AN INDEPENDENT AUDITOR.