ART INSTITUTE OF CHICAGO: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: ART INSTITUTE OF CHICAGO (EIN 36-2167725)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2023-05-11
IRS object ID: 202301319349307400
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-05-11T22:00:14+00:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 West Wacker Drive Suite 2600	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	606061224	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	362167725	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Art Institute of Chicago	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ARTI	BusinessNameControlTxt
Phone	3124433600	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 South Michigan Avenue	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60603	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Alexandra Holt	PersonNm
Person Title	Exec VP, Finance & Administration	PersonTitleTxt
Signature	2023-05-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Alexandra	PersonFirstNm
Person Last	Holt	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	NICOLE BENCIK	PreparerPersonNm
PTIN	P00756195	PTIN
Phone	3128997000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Alexandra Holt	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 South Michigan Avenue	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60603	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$514,447,155	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.artic.edu and www.saic.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1879	FormationYr
Legal Domicile State	IL	LegalDomicileStateCd
Activity Or Mission	The Art Institute of Chicago, a not-for-profit corporation, is both a museum and an institution of higher education that exists to provide appreciation and education in visual fine arts and design.	ActivityOrMissionDesc
Voting Members Governing Body	63	VotingMembersGoverningBodyCnt
Voting Members Independent	63	VotingMembersIndependentCnt
Total Employee	3261	TotalEmployeeCnt
Total Volunteers	78	TotalVolunteersCnt
Total Gross UBI	$3,835,559	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$61,766,491	PYContributionsGrantsAmt
CY Contributions Grants	$66,913,952	CYContributionsGrantsAmt
PY Program Service Revenue	$190,847,455	PYProgramServiceRevenueAmt
CY Program Service Revenue	$210,988,332	CYProgramServiceRevenueAmt
PY Investment Income	$69,518,226	PYInvestmentIncomeAmt
CY Investment Income	$130,592,120	CYInvestmentIncomeAmt
PY Other Revenue	$2,588,199	PYOtherRevenueAmt
CY Other Revenue	$6,399,587	CYOtherRevenueAmt
PY Total Revenue	$324,720,371	PYTotalRevenueAmt
CY Total Revenue	$414,893,991	CYTotalRevenueAmt
PY Grants And Similar Paid	$48,549,602	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$54,779,428	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$126,639,886	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$132,768,051	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$357,554	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$564,975	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$10,657,711	CYTotalFundraisingExpenseAmt
PY Other Expenses	$115,157,897	PYOtherExpensesAmt
CY Other Expenses	$111,799,224	CYOtherExpensesAmt
PY Total Expenses	$290,704,939	PYTotalExpensesAmt
CY Total Expenses	$299,911,678	CYTotalExpensesAmt
PY Revenues Less Expenses	$34,015,432	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$114,982,313	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,023,763,079	TotalAssetsBOYAmt
Total Assets EOY	$1,830,546,900	TotalAssetsEOYAmt
Total Liabilities BOY	$270,531,431	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$277,511,101	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,753,231,648	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,553,035,799	NetAssetsOrFundBalancesEOYAmt
Mission	See Schedule O.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$175,664,321	ExpenseAmt
Grant	$54,759,428	GrantAmt
Revenue	$192,422,311	RevenueAmt
Desc	THE SCHOOL OF THE ART INSTITUTE OF CHICAGO (SAIC) IS AN ACCREDITED COLLEGE OF ART AND DESIGN OFFERING UNDERGRADUATE, GRADUATE, AND POST-BACCALAUREATE DEGREE PROGRAMS FOR STUDIO ARTISTS, ART EDUCATORS, ART THERAPISTS, DESIGNERS, WRITERS, AND ART HISTORIANS. SAIC'S FINE ARTS GRADUATE PROGRAM IS RANKED NUMBER TWO IN THE NATION BY U.S. NEWS AND WORLD REPORT, AND THE SCHOOL OFFERS WORLD-CLASS RESOURCES INCLUDING THE ART INSTITUTE OF CHICAGO MUSEUM, ON-CAMPUS GALLERIES, AND STATE-OF-THE-ART FACILITIES. IN FISCAL YEAR 2022, AVERAGE ACADEMIC YEAR FULL-TIME-EQUIVALENT ENROLLMENT OF DEGREE-SEEKING STUDENTS WAS 3,571 WITH INTERNATIONAL STUDENTS FROM 77 COUNTRIES	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$88,959,221	ExpenseAmt
Grant	$20,000	GrantAmt
Revenue	$21,813,439	RevenueAmt
Desc	THE ART INSTITUTE OF CHICAGO SHARES ITS SINGULAR COLLECTIONS WITH OUR CITY AND THE WORLD. WE COLLECT, CARE FOR, AND INTERPRET WORKS OF ART ACROSS TIME, CULTURES, GEOGRAPHIES, AND IDENTITIES, CENTERING THE VISION OF ARTISTS AND MAKERS. WE RECOGNIZE THAT ALL ART IS MADE IN A PARTICULAR CONTEXT, DEMANDING CONTINUAL, DYNAMIC RECONSIDERATION IN THE PRESENT. WE ARE A PLACE OF GATHERING; WE FOSTER THE EXCHANGE OF IDEAS AND INSPIRE AN EXPANSIVE, INCLUSIVE UNDERSTANDING OF HUMAN CREATIVITY. THE MUSEUM ACHIEVES THIS THROUGH BUILDING AND STEWARDING ITS RENOWNED PERMANENT COLLECTION, PRODUCING EDUCATIONAL PROGRAMMING AROUND THE COLLECTION WITH PERFORMANCES, AND OTHER SPECIAL EVENTS, AND PRESENTING WORLD CLASS EXHIBITIONS HIGHLIGHTING BOTH ITS COLLECTION AND OBJECTS LOANED FROM OTHER INSTITUTIONS. IN FY22, FEATURED EXHIBITIONS INCLUDED "BARBARA KRUGER", "ANDRE KERTESZ: POSTCARDS FROM PARIS", "IGSHAAN ADAMS: DESIRE LINES", AND "CEZANNE".	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$264,623,542	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (true)	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (true)	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	false	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	4190	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	3261	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	63	GoverningBodyVotingMembersCnt
Independent Voting Member	63	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (true)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KS	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MS	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ND	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	UT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WI	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Alexandra Holt	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3124994265	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 South Michigan Avenue	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60603	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (87 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
David J Vitale
Vice Chair	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Denise B Gardner
Chair	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Frederick Waddell
Vice Chair	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Jay Frederick Krehbiel
Treasurer	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Samuel M Mencoff
Vice Chair	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Sylvia M Neil
Vice Chair	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
A Steven Crown
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Adnaan Hamid
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
ALEXANDRA C NICHOLS
TRUSTEE - ENDED 11/9/21	1.0	0.0	Yes (X)		$0	$0	$0
Amina Dickerson
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Andrew M Rosenfield
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Anita Blanchard
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Anita Sinha
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Anne Reyes
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Anne Searle Bent
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Arjun Aggarwal
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Barbara Levy Kipper
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Bob Rennie
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Cary D McMillan
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Caryn Harris
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Chris Keogh
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Darrel Hackett
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Ellen Sandor
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Eric Lefkofsky
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Eric T McKissack
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Fred Eychaner
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Honghong Chen
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Howard M McCue III
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
James A Gordon
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Janet Duchossois
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Jay Franke
Trustee - Ended 11/1/21	1.0	0.0	Yes (X)		$0	$0	$0
Joe Mansueto
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
John F Manley
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Josef Lakonishok
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Joseph Gromacki
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Karen Frank
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Karen Gray-Krehbiel
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Kenneth C Griffin
Trustee - Ended 6/27/22	1.0	0.0	Yes (X)		$0	$0	$0
Lawrence F Levy
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Leslie Buchbinder
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Lester N Coney
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Linda Johnson Rice
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Linda Smith Buonanno
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Lori Gray Faversham
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Mamadou-Abou Sarr
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Marilynn Thoma
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Maurice Smith
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Michael Polsky
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Michael Sacks
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Pamela Joyner
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Paul Carbone
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Paul Lambert
Trustee - Ended 1/6/22	1.0	0.0	Yes (X)		$0	$0	$0
Prabhakant Sinha
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Reeve B Waud
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Rita Knox
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Rita Sola Cook
Trustee-AS OF 4/12/2022	1.0	0.0	Yes (X)		$0	$0	$0
Robert Buford
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Robert M Levy
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Roger L Weston
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Sarah Nava Garvey
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Scott Canel
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Scott Santi
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Shawn M Donnelley
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Sophia Shaw
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Stephanie Skestos Gabriele
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Thomas J Pritzker
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Usha Mittal
Trustee	1.0	0.0	Yes (X)		$0	$0	$0
Alexandra Holt
EVP, Finance & Admin	40.0	0.0		Yes (X)	$430,068	$0	$38,689
Elissa Tenny
President, School	40.0	0.0		Yes (X)	$636,839	$0	$39,951
James Rondeau
President, Museum	40.0	0.0		Yes (X)	$893,685	$0	$78,662
Leslie Darling
EVP, General Counsel, & Secretary	40.0	0.0		Yes (X)	$365,984	$0	$26,611
Amy Allen
VP, Engagement, Museum	40.0	0.0			$270,228	$0	$85,823	Yes (X)
Andrew Simnick
Sr VP for Finance, Strategy, & Ops	40.0	0.0			$382,394	$0	$17,409	Yes (X)
Brian Esker
VP of Finance & Admin, School	40.0	0.0			$259,841	$0	$124,632	Yes (X)
Emily Benedict
AVP, Capital Programs	40.0	0.0			$210,753	$0	$37,298	Yes (X)
Evelyn Jeffers
Chief Operating Officer, Museum	40.0	0.0			$564,711	$0	$40,175	Yes (X)
Martin Berger
Provost & Sr VP Academic Affairs	40.0	0.0			$317,758	$0	$44,528	Yes (X)
Michael Nicolai
Chief Human Resources Officer	40.0	0.0			$283,498	$0	$34,756	Yes (X)
Rose Milkowski
VP for Enrollment Management	40.0	0.0			$254,126	$0	$23,656	Yes (X)
Sarah Guernsey
Deputy Director, Curatorial Affairs	40.0	0.0			$305,542	$0	$118,747	Yes (X)
Thomas Buechele
VP for Campus Operations, School	40.0	0.0			$227,672	$0	$102,757	Yes (X)
Ann Goldstein
Deputy Director, Chair & Curator Modern & Contemporary Art	40.0	0.0			$299,036	$0	$35,524		Yes (X)
Christina Pulawski
Associate VP, External Affairs	40.0	0.0			$250,757	$0	$15,749		Yes (X)
Eugene Adams
Chief Information Officer	40.0	0.0			$233,226	$0	$137,766		Yes (X)
Maria Simon
Senior Associate General Counsel	40.0	0.0			$266,298	$0	$499,776		Yes (X)
Norissa Bailey
Senior VP for People and Culture	40.0	0.0			$246,718	$0	$29,957		Yes (X)
Lisa Wainwright
Former Dean of Faculty/VP Acad Admin	0.0	0.0			$191,510	$0	$18,653			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$6,890,644	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,551,119	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	161	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	Address Line2ContractorAddress/USAddress/AddressLine2Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Allied Universal Security
161 Washington St	600	Conshohocken	PA	19428	Security Services	$4,858,870
Able Engineering Services Inc
868 Folsom Street		San Francisco	CA	94107	Engineering Services	$4,082,822
ABM OnSite Services- Midwest Inc
PO Box 74008829		CHICAGO	IL	606748829	Janitorial Services	$2,041,999
Food For Thought Enterprises Inc
7001 RIDGEWAY AVE		LINCOLNWOOD	IL	60712	Catering	$1,178,975
Old Veteran Construction Inc
3245 Glenwood Dyer Rd		Lynwood	IL	60411	CONSTRUCTION	$1,113,816

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	50	CntrctRcvdGreaterThan100KCnt
Federated Campaigns	$0	FederatedCampaignsAmt
Membership Dues	$15,094,984	MembershipDuesAmt
Fundraising	$335,788	FundraisingAmt
Related Organizations	$0	RelatedOrganizationsAmt
Government Grants	$22,166,169	GovernmentGrantsAmt
All Other Contributions	$29,317,011	AllOtherContributionsAmt
Noncash Contributions	$8,565,368	NoncashContributionsAmt
Total Contributions	$66,913,952	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition and Fees	611600	$189,531,371	$189,531,371
Museum Admissions	900099	$13,613,717	$13,613,717
Proceeds from Sale of Art	900099	$4,177,215	$4,177,215
Other Restricted Prog Rev	900099	$1,521,542	$1,521,542
MEMBER PROGRAM REVENUES	900099	$41,155	$41,155

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,103,332	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,103,332	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$210,988,332	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,296,405	TotalRevenueColumnAmt
Unrelated Business Revenue	$2,765,916	UnrelatedBusinessRevenueAmt
Exclusion	$8,530,489	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$58,198	TotalRevenueColumnAmt
Exclusion	$58,198	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$1,200,611	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$1,030,165	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$170,446	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$170,446	TotalRevenueColumnAmt
Unrelated Business Revenue	$25,075	UnrelatedBusinessRevenueAmt
Exclusion	$145,371	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$213,061,600	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$93,765,885	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$119,295,715	SecuritiesAmt
Other	$0	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$119,295,715	TotalRevenueColumnAmt
Exclusion	$119,295,715	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$95,365	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$335,788	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$127,793	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$32,428	TotalRevenueColumnAmt
Exclusion	-$32,428	ExclusionAmt

Field	Value	IRS element (for citing)
Gaming Gross Income	$525	GamingGrossIncomeAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$525	TotalRevenueColumnAmt
Exclusion	$525	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$8,914,217	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$4,629,321	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,284,896	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,247,418	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$1,037,478	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Insurance Recovery	900099	$1,300,059	$1,300,059
Other Revenue	900099	$617,891	$610,801	$7,090

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,917,950	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$414,893,991	TotalRevenueColumnAmt
Related Or Exempt Func Income	$214,235,750	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$3,835,559	UnrelatedBusinessRevenueAmt
Exclusion	$129,908,730	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$54,141,033	TotalAmt
Program Services	$54,141,033	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$638,395	TotalAmt
Program Services	$638,395	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$6,088,360	TotalAmt
Program Services	$4,113,587	ProgramServicesAmt
Management And General	$1,364,210	ManagementAndGeneralAmt
Fundraising	$610,563	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$215,114	TotalAmt
Program Services	$215,114	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$97,615,481	TotalAmt
Program Services	$80,391,596	ProgramServicesAmt
Management And General	$10,956,481	ManagementAndGeneralAmt
Fundraising	$6,267,404	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$719,191	TotalAmt
Program Services	$348,693	ProgramServicesAmt
Management And General	$248,955	ManagementAndGeneralAmt
Fundraising	$121,543	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$21,167,489	TotalAmt
Program Services	$16,943,036	ProgramServicesAmt
Management And General	$2,773,642	ManagementAndGeneralAmt
Fundraising	$1,450,811	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$6,962,416	TotalAmt
Program Services	$5,646,075	ProgramServicesAmt
Management And General	$851,449	ManagementAndGeneralAmt
Fundraising	$464,892	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,325,573	TotalAmt
Management And General	$1,325,573	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$258,555	TotalAmt
Management And General	$258,555	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$4,853	TotalAmt
Program Services	$4,853	ProgramServicesAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$564,975	TotalAmt
Fundraising	$564,975	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,481,014	TotalAmt
Management And General	$2,481,014	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$12,070,205	TotalAmt
Program Services	$10,437,253	ProgramServicesAmt
Management And General	$1,207,809	ManagementAndGeneralAmt
Fundraising	$425,143	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$2,382,900	TotalAmt
Program Services	$2,374,040	ProgramServicesAmt
Management And General	$2,360	ManagementAndGeneralAmt
Fundraising	$6,500	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,962,104	TotalAmt
Program Services	$7,379,627	ProgramServicesAmt
Management And General	$399,647	ManagementAndGeneralAmt
Fundraising	$182,830	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$4,534,428	TotalAmt
Program Services	$2,946,365	ProgramServicesAmt
Management And General	$1,500,450	ManagementAndGeneralAmt
Fundraising	$87,613	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$122,844	TotalAmt
Program Services	$122,844	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$28,408,798	TotalAmt
Program Services	$27,660,886	ProgramServicesAmt
Management And General	$603,951	ManagementAndGeneralAmt
Fundraising	$143,961	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,814,005	TotalAmt
Program Services	$1,590,219	ProgramServicesAmt
Management And General	$17,726	ManagementAndGeneralAmt
Fundraising	$206,060	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$230,651	TotalAmt
Program Services	$157,015	ProgramServicesAmt
Management And General	$53,064	ManagementAndGeneralAmt
Fundraising	$20,572	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,395,472	TotalAmt
Program Services	$3,920,193	ProgramServicesAmt
Management And General	$475,279	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$22,871,228	TotalAmt
Program Services	$22,871,228	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$1,467,720	TotalAmt
Program Services	$1,467,720	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Accessions/Books	$12,330,078	$12,330,078
Exhibition related	$2,887,764	$2,887,764
OTHER FF&E AND RELATED MAINTENANCE	$2,696,937	$2,618,600	$24,081	$54,256
Bad debt expense	$748,870	$748,870

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,805,225	TotalAmt
Program Services	$2,668,458	ProgramServicesAmt
Management And General	$86,179	ManagementAndGeneralAmt
Fundraising	$50,588	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$299,911,678	TotalAmt
Program Services	$264,623,542	ProgramServicesAmt
Management And General	$24,630,425	ManagementAndGeneralAmt
Fundraising	$10,657,711	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$59,302,425	BOYAmt
EOY	$84,460,885	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$63,118,254	BOYAmt
EOY	$48,813,745	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$6,831,704	BOYAmt
EOY	$8,209,953	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,497,828	BOYAmt
EOY	$1,226,864	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$3,198,139	BOYAmt
EOY	$2,766,424	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,010,059	BOYAmt
EOY	$2,518,549	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$771,392,240	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$403,972,597	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$383,023,292	BOYAmt
EOY	$367,419,643	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$947,629,352	BOYAmt
EOY	$733,400,477	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$510,569,653	BOYAmt
EOY	$534,391,809	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$46,582,373	BOYAmt
EOY	$47,338,551	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,023,763,079	BOYAmt
EOY	$1,830,546,900	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$47,931,083	BOYAmt
EOY	$35,487,032	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$12,942,838	BOYAmt
EOY	$13,518,529	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$40,410,187	BOYAmt
EOY	$54,085,473	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$101,500,000	BOYAmt
EOY	$101,500,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$67,747,323	BOYAmt
EOY	$72,920,067	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$270,531,431	BOYAmt
EOY	$277,511,101	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$632,736,112	BOYAmt
EOY	$588,537,158	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,120,495,536	BOYAmt
EOY	$964,498,641	EOYAmt

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,753,231,648	BOYAmt
EOY	$1,553,035,799	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,023,763,079	BOYAmt
EOY	$1,830,546,900	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$114,982,313	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$313,480,590	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$1,697,572	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$65,578,847	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$92,396,397	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$88,049,953	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$56,595,397	CurrentTaxYearMinus1YearAmt
Current Tax Year	$61,041,179	CurrentTaxYearAmt
Total	$363,661,773	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,438,365	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,342,827	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,632,801	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,171,094	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,872,773	CurrentTaxYearAmt
Total	$27,457,860	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$71,017,212	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$97,739,224	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$93,682,754	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$61,766,491	CurrentTaxYearMinus1YearAmt
Current Tax Year	$66,913,952	CurrentTaxYearAmt
Total	$391,119,633	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$45,100,448	SubstantialContributorsTotAmt
Public Support Total170	$346,019,185	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$11,993,785	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$14,170,463	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$13,107,417	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,940,344	CurrentTaxYearMinus1YearAmt
Current Tax Year	$9,764,223	CurrentTaxYearAmt
Total	$56,976,232	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$662,212	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$206,885	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,588,430	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$365,938	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,006,750	CurrentTaxYearAmt
Total	$4,830,215	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$452,926,080	TotalSupportAmt
Gross Receipts Rltd Activities	$1,082,436,551	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.7640	PublicSupportCY170Pct
Public Support PY170	0.7559	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule A, Part I, Line 2 Reason for Public Charity Status

The Art Institute of Chicago is exempt under two categories listed in Part I, box 2 which describes a school, Section 170 (b) (1) (A) (ii) and box 7 which describes an organization that normally receives a substantial part of its support from a governmental unit or from the general public, Section 170 (b) (1) (A) (vi). The Art Institute of Chicago has selected box 2, because per instructions only one applicable box should be checked.

Schedule A, Part II, Line 10 Other Income

DESCRIPTION - GROSS RECEIPTS FROM FUNDRAISING AND GAMING ACTIVITIES, COLUMN A - 662212.0, COLUMN B - 206885.0, COLUMN C - 105690.0, COLUMN D - , COLUMN E - 95890.0, COLUMN F - 1070677.0; DESCRIPTION - OTHER MISC. INCOME, COLUMN A - , COLUMN B - , COLUMN C - 1482740.0, COLUMN D - 365938.0, COLUMN E - 610801.0, COLUMN F - 2459479.0; DESCRIPTION - INSURANCE RECOVERY, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 1300059.0, COLUMN F - 1300059.0;

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (true)	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	Yes (true)	OtherActivitiesInd
Other Activities	$4,853	OtherActivitiesAmt
Total Lobbying Expenditures	$4,853	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY	FormAndLineReferenceDesc
Explanation	The amount in line 1i represents the Art Institute of Chicago's portion of funds utilized by Museums in the Park for lobbying activities ($3,514), Choose Chicago estimate allocated to lobbying activities ($34) and a good-faith estimate of dues paid to the National Association of Independent Colleges and Universities that relate to lobbying ($1,305). Museums in the Park works with the Chicago Park District, Chicago Public Schools, the City of Chicago, the State of Illinois and other entities to build greater awareness of the intrinsic value of museums. LINE 1G IS CHECKED YES BECAUSE THE SCHOOL OF THE ART INSTITUTE OF CHICAGO (SAIC) HAD CONTACT WITH VARIOUS LOCAL ELECTED OFFICIALS THROUGH LETTER WRITING INITIATIVES. THE PURPOSE OF THESE CONTACTS IS TO EDUCATE LOCAL ELECTED OFFICIALS ABOUT SAIC PROGRAMS AND INITIATIVES TAKING PLACE IN THEIR DISTRICTS AND TO ENCOURAGE SUPPORT FOR THE LOCAL ARTS COMMUNITY. THERE WERE NO COSTS ASSOCIATED WITH THESE CONTACTS IN FY22.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd
Solicited Assets Sale	Yes (true)	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,467,278,742	BeginningYearBalanceAmt
Contributions	$83,767,175	ContributionsAmt
Investment Earnings Or Losses	-$182,897,412	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,955,769	GrantsOrScholarshipsAmt
Other Expenditures	$75,629,320	OtherExpendituresAmt
Administrative Expenses	$2,481,014	AdministrativeExpensesAmt
End Year Balance	$1,285,082,402	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,140,478,439	BeginningYearBalanceAmt
Contributions	$63,155,109	ContributionsAmt
Investment Earnings Or Losses	$326,587,212	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,792,826	GrantsOrScholarshipsAmt
Other Expenditures	$55,336,674	OtherExpendituresAmt
Administrative Expenses	$2,812,518	AdministrativeExpensesAmt
End Year Balance	$1,467,278,742	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,127,378,971	BeginningYearBalanceAmt
Contributions	$50,167,005	ContributionsAmt
Investment Earnings Or Losses	$37,152,584	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,559,023	GrantsOrScholarshipsAmt
Other Expenditures	$66,453,218	OtherExpendituresAmt
Administrative Expenses	$3,207,880	AdministrativeExpensesAmt
End Year Balance	$1,140,478,439	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,122,602,753	BeginningYearBalanceAmt
Contributions	$33,464,447	ContributionsAmt
Investment Earnings Or Losses	$54,161,973	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,209,172	GrantsOrScholarshipsAmt
Other Expenditures	$76,036,105	OtherExpendituresAmt
Administrative Expenses	$2,604,925	AdministrativeExpensesAmt
End Year Balance	$1,127,378,971	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,056,571,840	BeginningYearBalanceAmt
Contributions	$33,947,333	ContributionsAmt
Investment Earnings Or Losses	$98,729,220	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,298,834	GrantsOrScholarshipsAmt
Other Expenditures	$59,869,079	OtherExpendituresAmt
Administrative Expenses	$2,477,727	AdministrativeExpensesAmt
End Year Balance	$1,122,602,753	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.362	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.395	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.243	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$34,972,096	OtherCostOrOtherBasisAmt
Book Value	$34,972,096	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$204,774,548	OtherCostOrOtherBasisAmt
Depreciation	$134,258,937	DepreciationAmt
Book Value	$70,515,611	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$498,086,480	OtherCostOrOtherBasisAmt
Depreciation	$243,157,527	DepreciationAmt
Book Value	$254,928,953	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$33,559,116	OtherCostOrOtherBasisAmt
Depreciation	$26,556,133	DepreciationAmt
Book Value	$7,002,983	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$367,419,643	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Hedge Funds	$277,638,720	F
Venture Capital /Private Equity	$168,150,558	F
Real Assets	$88,602,531	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$534,391,809	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
Pension Liability	$16,849,076
Refundable Advances	$2,921,780
Operating Lease Liability	$53,149,211

Field	Value	IRS element (for citing)
Total Liability	$72,920,067	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$106,861,636	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$313,480,590	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$444,396	DonatedServicesAndUseFcltsAmt
Other Revenue	$1,697,574	OtherRevenueAmt
Revenue Not Reported	-$311,338,620	RevenueNotReportedAmt
Revenue Subtotal	$418,200,256	RevenueSubtotalAmt
Investment Expenses Not Incld	$2,481,014	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	-$5,787,279	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$3,306,265	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$414,893,991	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$303,662,339	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$444,396	DonatedServicesUseFcltsAmt
Other Expenses Included	$5,787,279	OtherExpensesIncludedAmt
Expenses Not Reported	$6,231,675	ExpensesNotReportedAmt
Expenses Subtotal	$297,430,664	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$2,481,014	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$2,481,014	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$299,911,678	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part III, Line 1a Collections of art - financial statement footnote	From the Institute's audited financial statements: The value of the art objects in the permanent collection, and the holdings of the libraries, are excluded from the statements of financial position. Additions to the permanent collection are made either by gifts, bequests, or through purchases using Institute acquisition funds. Institute acquisition funds may be classified as with donor restrictions, in which either (i) the principal balance is to be held in perpetuity and only the income earned on principal balances may be used for acquisitions, or (ii) both the principal and earned income may be used for acquisitions; or without donor restrictions, representing funds designated by the Board to be used for acquisitions. The withdrawal of works of art from the collection of the Institute is performed in accordance with a formal policy initially adopted in 1975 and last revised in fiscal year 2020. The objects are generally offered for sale at a public auction and the proceeds from such dispositions are classified as with donor restrictions. Proceeds from the sale of collection items are used to purchase or commission works of art for the permanent collection or for the direct care of objects within its permanent collection. Direct care of the collection means investing in objects in the Museum's permanent collection by enhancing their life, usefulness, or quality, thereby ensuring they will continue to benefit the public. Direct care includes, but is not limited to, maintenance and protection, conservation, and management of the collection. All works of art and certain library collections are held for public exhibition, education, or research; they are protected, kept unencumbered, cared for, and preserved, and are subject to strict organizational policies governing their use. The value of the Institute's permanent collection is not subject to reasonable estimation. Therefore, it is not included in the statements of financial position.
Schedule D, Part III, Line 4 Collections of art - description of collections	The Institute's permanent collection consists of art objects as well as the holdings of the libraries. All works of art and certain library collections are held for public exhibition, education, or research in furtherance of the Institute's exempt purpose.
Schedule D, Part V, Line 4 Intended uses of endowment funds	The Institute establishes endowment funds for the purpose of investing assets in a manner that preserves the real value of the endowment principal and provides spendable funds that can be used to fulfill the purposes for which the endowments were established. The Institute's Executive Committee of the Board of Trustees determines the method to be used to appropriate endowment funds for expenditure. The Institute's spendable endowment payout formula is a controlled growth distribution formula. Depending upon market conditions and the needs and available resources of the Institute, appropriations for expenditure from individual endowments may be temporarily suspended to facilitate preservation of the endowment or in excess of the spending policy as deemed prudent by the Executive Committee.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	From the Institute's audited financial statements: "The Institute is a not-for-profit corporation exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3); the Institute is similarly exempt from state income taxes. Despite the general exemption from income taxation, the Institute is subject to federal and state income tax at corporate rates on its unrelated business income. The Financial Accounting Standards Board ("FASB") guidance requires tax effects from uncertain tax positions to be recognized 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 there are no material uncertain positions that require recognition in the financial statements. No provision was necessary for the Institute for unrelated business income taxes as the organization has a net operating loss carryforward to cover any current year tax liability." The financial statements did not report uncertain tax positions.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COSTS - 1697574
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Cost of Goods Sold - -4629321 Rental Expense - -1030165 Special Event Expense - -127793
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	Cost of Goods Sold - 4629321 Rental Expense - 1030165 Special Event Expense - 127793

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY	The nondiscriminatory policy is publicized in a variety of materials, including the student bulletin, the general registration information issued each semester, initial marketing materials, the student handbook, and on a publicly accessible internet page (Link: https://www.saic.edu/about/mission-and-governance/non-discrimination-statement/#saic).
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT	The Institute receives federal financial aid funding from the Department of Education.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (29 entries)

RegionRegionTxt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Central America and the Caribbean	0	Program Services	Exhibitions	$150
East Asia and the Pacific	0	Program Services	Conferences, Lectures, and Other Educational	$3,131
East Asia and the Pacific	2	Program Services	Exhibitions	$4,379
East Asia and the Pacific	0	Program Services	Recruiting	$10,656
East Asia and the Pacific	0	Program Services	Research	$364
East Asia and the Pacific	0	Program Services	Member Travel	$231
Europe (Including Iceland and Greenland)	0	Program Services	Conferences, Lectures, and Other Educational	$127,607
Europe (Including Iceland and Greenland)	11	Program Services	Exhibitions	$466,572
Europe (Including Iceland and Greenland)	0	Program Services	Marketing, Public Relations	$72,459
Europe (Including Iceland and Greenland)	0	Program Services	Member Travel	$23,669
Europe (Including Iceland and Greenland)	0	Program Services	Recruiting	$126,823
Europe (Including Iceland and Greenland)	0	Program Services	Research	$26,955
Middle East and North Africa	0	Program Services	Conferences, Lectures, and Other Educational	$74
Middle East and North Africa	0	Program Services	Research	$19,250
Middle East and North Africa	1	Program Services	Exhibitions	$12,435
North America (Canada & Mexico only)	0	Program Services	Conferences, Lectures, and Other Educational	$21,785
North America (Canada & Mexico only)	2	Program Services	Exhibitions	$14,447
North America (Canada & Mexico only)	0	Program Services	Recruiting	$338
North America (Canada & Mexico only)	0	Program Services	Member Travel	$2,316
North America (Canada & Mexico only)	0	Program Services	Marketing, Public Relations	$988
North America (Canada & Mexico only)	0	Program Services	Research	$1,673
South Asia	2	Program Services	Exhibitions	$1,500
Sub-Saharan Africa	0	Program Services	Conferences, Lectures, and Other Educational	$100
Sub-Saharan Africa	2	Program Services	Exhibitions	$10,341
Sub-Saharan Africa	0	Program Services	Research	$9,084
South America	0	Program Services	Exhibitions	$6,612
South America	0	Program Services	Recruiting	$694
Central America and the Caribbean	0	Investments		$341,456,866
North America (Canada & Mexico only)	0	Investments		$7,252,564

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	14	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	6	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	20	TotalEmployeeCnt
Subtotal Spent	$916,540	SubtotalSpentAmt
Continuation Spent	$348,757,523	ContinuationSpentAmt
Total Spent	$349,674,063	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
Student scholarships and grants	North America (Canada & Mexico only)	3	$23,880	Credit to student account or wire
Student scholarships and grants	South America	1	$9,000	Credit to student account or wire
Student scholarships and grants	Middle East and North Africa	3	$24,576	Credit to student account or wire
Student scholarships and grants	East Asia and the Pacific	143	$560,948	Credit to student account or wire
Student scholarships and grants	Central America and the Caribbean	1	$5,920	Credit to student account or wire
Student scholarships and grants	Europe (Including Iceland and Greenland)	2	$14,071	Credit to student account or wire

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	Yes (true)	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN - EAST ASIA AND THE PACIFIC - EUROPE (INCLUDING ICELAND AND GREENLAND) - MIDDLE EAST AND NORTH AFRICA - NORTH AMERICA (CANADA & MEXICO ONLY) - SOUTH AMERICA -

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Solicitation Of Non Govt Grants	Yes (X)	SolicitationOfNonGovtGrantsInd
Solicitation Of Govt Grants	Yes (X)	SolicitationOfGovtGrantsInd
Special Fundraising Events	Yes (X)	SpecialFundraisingEventsInd
Agrmt Prof Fundraising Acty	Yes (true)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Lukens Company	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2800 Shirlington Rd 9TH Floor	AddressLine1Txt
City	Arlington	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22206	ZIPCd

Field	Value	IRS element (for citing)
Activity	Direct Mail	ActivityTxt
Fundraiser Control Of Funds	false	FundraiserControlOfFundsInd
Gross Receipts	$924,736	GrossReceiptsAmt
Retained By Contractor	$564,975	RetainedByContractorAmt
Net To Organization	$359,761	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Gross Receipts	$924,736	TotalGrossReceiptsAmt
Total Retained By Contractors	$564,975	TotalRetainedByContractorsAmt
Total Net To Organization	$359,761	TotalNetToOrganizationAmt
Licensed States	CA	LicensedStatesCd
Licensed States	CT	LicensedStatesCd
Licensed States	FL	LicensedStatesCd
Licensed States	GA	LicensedStatesCd
Licensed States	AL	LicensedStatesCd
Licensed States	HI	LicensedStatesCd
Licensed States	IL	LicensedStatesCd
Licensed States	KS	LicensedStatesCd
Licensed States	KY	LicensedStatesCd
Licensed States	ME	LicensedStatesCd
Licensed States	AK	LicensedStatesCd
Licensed States	MD	LicensedStatesCd
Licensed States	MA	LicensedStatesCd
Licensed States	MI	LicensedStatesCd
Licensed States	MN	LicensedStatesCd
Licensed States	MS	LicensedStatesCd
Licensed States	MO	LicensedStatesCd
Licensed States	NH	LicensedStatesCd
Licensed States	NJ	LicensedStatesCd
Licensed States	NM	LicensedStatesCd
Licensed States	NY	LicensedStatesCd
Licensed States	NC	LicensedStatesCd
Licensed States	ND	LicensedStatesCd
Licensed States	OH	LicensedStatesCd
Licensed States	OK	LicensedStatesCd
Licensed States	OR	LicensedStatesCd
Licensed States	PA	LicensedStatesCd
Licensed States	RI	LicensedStatesCd
Licensed States	SC	LicensedStatesCd
Licensed States	TN	LicensedStatesCd
Licensed States	UT	LicensedStatesCd
Licensed States	VA	LicensedStatesCd
Licensed States	AR	LicensedStatesCd
Licensed States	WV	LicensedStatesCd
Licensed States	WI	LicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	Honoring Matt Damon	Event1Nm
Gross Receipts Event1	$145,978	GrossReceiptsEvent1Amt
Charitable Contri Event1	$135,648	CharitableContriEvent1Amt
Gross Revenue Event1	$10,330	GrossRevenueEvent1Amt
Non Cash Prizes Event1	$2,951	NonCashPrizesEvent1Amt
Food And Beverage Event1	$10,878	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$5,347	OtherDirectExpensesEvent1Amt
Event2	LEGENDS AND LEGACY	Event2Nm
Gross Receipts Event2	$145,175	GrossReceiptsEvent2Amt
Charitable Contri Event2	$67,940	CharitableContriEvent2Amt
Gross Revenue Event2	$77,235	GrossRevenueEvent2Amt
Food And Beverage Event2	$58,499	FoodAndBeverageEvent2Amt
Other Direct Expenses Event2	$50,118	OtherDirectExpensesEvent2Amt
Other Events Total	1	OtherEventsTotalCnt
Gross Receipts Other Events	$140,000	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$132,200	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$7,800	GrossRevenueOtherEventsAmt
Gross Receipts Total	$431,153	GrossReceiptsTotalAmt
Charitable Contributions Tot	$335,788	CharitableContributionsTotAmt
Gross Revenue Total Events	$95,365	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$2,951	NonCashPrizesTotalEventsAmt
Food And Beverage Total Events	$69,377	FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events	$55,465	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$127,793	DirectExpenseSummaryEventsAmt
Net Income Summary	-$32,428	NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule G, Part I, Line 2b PAYMENT OF FEES OR PAYMENT OF EXPENSES	FormAndLineReferenceDesc
Explanation	AIC PAYS FUNDRAISING CONSULTANT FEES AT A STATED RATE PER CONTRACT AND COSTS SUCH AS POSTAGE AND PRINTING. PROFESSIONAL SERVICES FEES WERE $126,993 AND POSTAGE AND PRINTING COSTS WERE $437,982.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
Faculty Enrichment Grants	45	$137,050	N/A	N/A
Student Scholarships and Stipends	1617	$54,003,983	N/A	N/A

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	Scholarships and stipends are available to undergraduate students and graduate students through the admissions process. Once awarded, depending on the type of aid, payment is credited to either the student account or directly to the student. All payments are monitored and approved by the Financial Services department before payment is applied or paid to the student. All students receiving scholarships and stipends have been selected on a non-discriminatory basis. Faculty enrichment grant opportunities are available to full-time and part-time faculty teaching in a degree program. Selections are based on the merit of the proposal and reviewed by members of a selection committee. Payment are monitored by the Dean's office and all payments are approved by the Vice Provost and School Finance department before payment is made.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (true)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	Yes (true)	InitialContractExceptionInd
Rebuttable Presumption Proc	Yes (true)	RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
James Rondeau
President, Museum	$722,253	$0	$0	$0	$171,432	$0	$70,000	$0	$8,662	$0	$972,347	$0	$0	$0
Elissa Tenny
President, School	$539,808	$0	$0	$0	$97,031	$0	$26,100	$0	$13,851	$0	$676,790	$0	$0	$0
Alexandra Holt
EVP, Finance & Admin	$404,850	$0	$0	$0	$25,218	$0	$24,781	$0	$13,908	$0	$468,757	$0	$0	$0
Leslie Darling
EVP, General Counsel, & Secretary	$365,213	$0	$0	$0	$771	$0	$25,827	$0	$784	$0	$392,595	$0	$0	$0
Evelyn Jeffers
Chief Operating Officer, Museum	$517,965	$0	$0	$0	$46,746	$0	$26,100	$0	$14,075	$0	$604,886	$0	$0	$0
Andrew Simnick
Sr VP for Finance, Strategy, & Ops	$138,204	$0	$0	$0	$244,190	$0	$9,844	$0	$7,565	$0	$399,803	$0	$0	$0
Sarah Guernsey
Deputy Director, Curatorial Affairs	$294,017	$0	$0	$0	$11,525	$0	$101,000	$0	$17,747	$0	$424,289	$0	$0	$0
Brian Esker
VP of Finance & Admin, School	$239,172	$0	$0	$0	$20,669	$0	$110,000	$0	$14,632	$0	$384,473	$0	$0	$0
Martin Berger
Provost & Sr VP Academic Affairs	$296,266	$0	$0	$0	$21,492	$0	$26,100	$0	$18,428	$0	$362,286	$0	$0	$0
Amy Allen
VP, Engagement, Museum	$253,467	$0	$0	$0	$16,761	$0	$78,000	$0	$7,823	$0	$356,051	$0	$0	$0
Thomas Buechele
VP for Campus Operations, School	$227,140	$0	$0	$0	$532	$0	$84,000	$0	$18,757	$0	$330,429	$0	$0	$0
Michael Nicolai
Chief Human Resources Officer	$197,387	$0	$0	$0	$86,111	$0	$20,000	$0	$14,756	$0	$318,254	$0	$0	$0
Rose Milkowski
VP for Enrollment Management	$253,042	$0	$0	$0	$1,084	$0	$22,801	$0	$855	$0	$277,782	$0	$0	$0
Emily Benedict
AVP, Capital Programs	$210,536	$0	$0	$0	$217	$0	$19,671	$0	$17,627	$0	$248,051	$0	$0	$0
Maria Simon
Senior Associate General Counsel	$220,276	$0	$0	$0	$46,022	$0	$481,000	$0	$18,776	$0	$766,074	$0	$0	$0
Ann Goldstein
Deputy Director, Chair & Curator Modern & Contemporary Art	$296,395	$0	$0	$0	$2,641	$0	$21,780	$0	$13,744	$0	$334,560	$0	$0	$0
Norissa Bailey
Senior VP for People and Culture	$246,380	$0	$0	$0	$338	$0	$20,250	$0	$9,707	$0	$276,675	$0	$0	$0
Christina Pulawski
Associate VP, External Affairs	$189,466	$0	$0	$0	$61,291	$0	$15,278	$0	$471	$0	$266,506	$0	$0	$0
Eugene Adams
Chief Information Officer	$217,541	$0	$0	$0	$15,685	$0	$119,000	$0	$18,766	$0	$370,992	$0	$0	$0
Lisa Wainwright
Former Dean of Faculty/VP Acad Admin	$190,255	$0	$0	$0	$1,255	$0	$0	$0	$18,653	$0	$210,163	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travel	First class travel is allowed under limited circumstances as set forth in the travel policy.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use	The President of the School is paid a housing allowance of $4,000 per month which is treated as taxable compensation.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	Athletic, social, or other club fees incurred by the President of the School and the President of the Museum are reimbursed to the extent they are used for business purposes. In addition, the employment contract for the President of the School allows for reimbursement for up to $5,000 annually for fees and membership dues for athletic, social, or other clubs used for personal, non-business purposes. The annual amounts reimbursed are reported as taxable compensation.
Schedule J, Part I, Line 4a Severance or change-of-control payment	During calendar year 2021 the Organization made a severance payment to Michael Nicolai in the amount of $65,500 that was treated as taxable and is included in Schedule J, Part II, Column (b)(iii). During calendar year 2021 the Organization made a severance payment to Christina Pulawski in the amount of $60,577 that was treated as taxable and is included in Schedule J, Part II, Column (b)(iii). During calendar year 2021 the Organization made a severance payment to Andrew Simnick in the amount of $240,000 that was treated as taxable and is included in Schedule J, Part II, Column (b)(iii).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	As noted in the audited financial statements, a supplemental non qualified retirement plan exists for the benefit of a select group of management or highly compensated employees whose benefits under other Institute qualified retirement plans are limited by the IRS. Employees are eligible if their compensation for a plan year is in excess of the IRS limits under Code Section 401(a)(17), if they received a benefit accrual or employer contribution under other Institute qualified plans, and if they have not voluntarily terminated employment prior to the first business day following the plan year. Benefits are calculated based on the excess of benefits that would be provided under Institute qualified plans if IRS compensation limits did not exist. The following individuals received payments under the supplemental retirement plan: James Rondeau amount paid in calendar year 2021 of $150,000 Elissa Tenny amount paid in calendar year 2021 of $22,950 Leslie Darling amount paid in calendar year 2021 of $183 Alexandra Holt amount paid in calendar year 2021 of $5,572 Eve Jeffers amount paid in calendar year 2021 of $22,973 Andrew Simnick amount paid in calendar year 2021 of $4,050 Ann Goldstein amount paid in calendar year 2021 of $482 Sarah Guernsey amount paid in calendar year 2021 of $11,030 Martin Berger amount paid in calendar year 2021 of $557 Maria Simon amount paid in calendar year 2021 of $45,442
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception	The President of the Museum and the Provost were paid their salaries under contracts that were subject to the initial contract exception.
Schedule J, Part II, Column (C) Deferred Compensation	The $481,000 reflected in Column (C) for Maria Simon represents the change in estimated pension plan benefit as of 12/31/21 based on the change in employee's status.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	Illinois Finance Authority	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Bond Issuer EIN	861091967	BondIssuerEIN
CUSIP	45204EHD3	CUSIPNum
Bond Issued	2016-08-25	BondIssuedDt
Issue Price	$42,808,133	IssuePriceAmt
Purpose	Advance refund Series 2009A Bonds issued 3/26/2009.	PurposeDesc
Defeased	false	DefeasedInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Pool Financing	false	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Total Proceeds	$42,808,133	TotalProceedsAmt
Issuance Costs From Proceeds	$4,760	IssuanceCostsFromProceedsAmt
Other Spent Proceeds	$42,803,373	OtherSpentProceedsAmt
Substantial Completion	2009	SubstantialCompletionYr
Refunding Tax Exempt Bonds	Yes (true)	RefundingTaxExemptBondsInd
Refunding Taxable Bonds	false	RefundingTaxableBondsInd
Final Allocation Made	Yes (true)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (true)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	false	OwningBondFinancedPropertyInd
Any Lease Arrangements	false	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	false	MgmtContractBondFincdPropInd
Any Research Agreements	false	AnyResearchAgreementsInd
Private Bus Use By Others	0.0	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.0	PrivateBusConcerningUBIPct
Total Private Business Use	0.0	TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test	false	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	false	ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd	Yes (true)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	false	Form8038TFiledInd
Rebate Not Due Yet	false	RebateNotDueYetInd
Exception To Rebate	false	ExceptionToRebateInd
No Rebate Due	Yes (true)	NoRebateDueInd
Variable Rate Issue	false	VariableRateIssueInd
Hedge Identified In Bks And Rec	false	HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGICInd
Gross Proceeds Invested	false	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (true)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	Yes (true)	ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule K, Part IV, Line 6 Columns A	This question is being answered without regard to yield-restricted advance refunding escrow financed with proceeds of the bonds.
Schedule K, Part IV, Line 2c COLUMN A	Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 05/15/2019

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Peter Haratonik	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	Family Member of Elissa Tenny, Current Officer	RelationshipDescriptionTxt
Transaction	$18,540	TransactionAmt
Transaction	Employee Compensation	TransactionDesc
Sharing Of Revenues	false	SharingOfRevenuesInd

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	884	ContributionCnt
Noncash Contributions Rpt F990	$0	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other - SEE PART II	MethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$32,534	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	117	ContributionCnt
Noncash Contributions Rpt F990	$7,012,164	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$1,414,697	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	Departmental Supplies	Desc
Contribution	21	ContributionCnt
Noncash Contributions Rpt F990	$105,973	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	30	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule M, Part I, Line 1 Method of determining noncash contribution amounts	THE INSTITUTE DOES NOT CAPITALIZE ITS COLLECTION ITEMS NOR REPORT CONTRIBUTIONS OF COLLECTION ITEMS AS REVENUE AS ALLOWED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25 (ASC 958-360-25).
Schedule M, Part I Explanations of reporting method for number of contributions	Books and publications - Number of contributions Securities - Publicly traded - Number of contributions received Other - Departmental Supplies Number of items contributed Art - Works of art - Number of items contributed

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part III, Line 1 Organization Mission	The purposes for which The Art Institute of Chicago is formed are: To found, build, maintain and operate museums, schools, and libraries of art and theaters; to provide support facilities in connection therewith; to conduct appropriate activities conducive to the artistic development of the region; and to conduct and participate in activities of national and international significance; To form, conserve, research, publish, and exhibit a permanent collection of objects of art of all kinds, to present temporary exhibitions including loaned objects of art of all kinds, and to cultivate and extend the arts by appropriate means; To establish and conduct comprehensive programs of education, including preparation of visual artists, teachers of art, and designers; to provide education services in written, spoken and media formats; To provide lectures, instruction and entertainment, including dramatic, film and musical performances of all kinds, which complement and further the general purposes of the Institute; To receive in trust property of all kinds and to exercise all necessary powers as trustee for such trust estates whose objects are related to the furtherance of the general purposes of the Institute or for the establishment or maintenance of works of art.
Form 990, Part VI, Line 1a Delegate broad authority to a committee	As provided in the By-Laws, during the intervals between the meetings of the Board of Trustees, the Executive Committee shall possess and may exercise, in all cases in which special directions have not been given by the Board, all the powers of the Board of Trustees in the management and direction of the Art Institute, and in respect to all other business and affairs of the Art Institute, in such manner as shall be for its best interest, except the filling of any vacancy on the Board of Trustees, the amendment of the bylaws or the articles of incorporation, and all other powers and authorities, the exercise of which by the Executive Committee is prohibited by law. The Executive Committee shall consist only of Trustees. Its members shall be the Chairman of the Board of Trustees, the Chairmen of those Standing Committees with responsibilities for both the Museum and the School, the Vice Chairmen of the Board of Trustees, and the Chairman of the Board of Governors of the School. If any of such individuals is not a Trustee, he or she may be invited to attend Executive Committee meetings from time to time to provide a report for his or her committee.
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons	Jay Frederick Krehbiel and David Vitale - Business relationship, Anita Sinha and Prabhakant Sinha - Family relationship, Sarah Garvey and Eric McKissack - Business relationship, Thomas Pritzker and Chris Keogh - Business relationship, Fred Eychaner and Jay Frederick Krehbiel - Business relationship, Prabha Sinha and Arjun Aggarwal - Business relationship
Form 990, Part VI, Line 4 Significant changes to organizational documents	THE INSTITUTE'S BYLAWS WERE AMENDED ON NOVEMBER 9, 2021 TO INCLUDE THAT A TRUSTEE'S SURVIVING SPOUSE/DOMESTIC PARTNER IS ELIGIBLE TO BECOME A TRUSTEE EMERITUS UPON ELECTION BY THE TRUSTEES.
Form 990, Part VI, Line 11b Review of form 990 by governing body	The 990 is prepared internally by the Institute's Accounting Office and reviewed by the EVP for Finance and Administration and an independent professional accounting firm. The Institute's management confers with legal and bond counsel as needed to complete the tax filing. A full version of the Form 990 is presented to and reviewed by the Institute's Audit and Risk Committee for comment, with the single exception that the Schedule B, Schedule of Contributors, is redacted to omit the names and addresses of the individual contributors to preserve donor anonymity. An unmodified version of the complete 990 is reviewed by the Audit and Risk Committee Chair. Any questions or concerns identified by the Audit and Risk Committee are addressed and all appropriate changes are incorporated into the Form 990. After all input has been addressed, the final public disclosure version of the 990 is distributed to all voting members of the Institute's board of Trustees prior to filing with the IRS. After the final version of the Form 990 has been distributed and time for comments has expired, management and staff file the final Form 990 as required.
Form 990, Part VI, Line 12c Conflict of interest policy	Under the Institute's Conflict of Interest Policy, all members of the Board of Trustees, Board of Governors, and Standing and Advisory Committees, and all officers and assistant officers of the Institute (collectively known as "Related Parties") must act in the best interests of the Institute, without regard to their business, family, or personal activities and concerns. If a Related Party believes he or she has an actual or potential financial conflict of interest, the Related Party shall immediately disclose such conflict to the Chairman of the Board and to the Institute's General Counsel. The Related Party may not vote on, approve, or recommend any action or matter in which he or she has an actual or potential conflict of interest. When such matters are considered, the Related Party shall not be counted for purposes of determining whether there is a quorum. Financial interest or other activities that would constitute a conflict of interest if undertaken by a Related Party also constitute a conflict of interest if undertaken by an immediate family member of the Related Party and must be disclosed by the Related Party. The policy is distributed annually to all Related Parties. All voting Trustees, members of the Board of Governors, members of standing committees, Officers, and Vice Presidents are required to attest annually to their familiarity with the policy and to provide any information the Institute deems relevant concerning any possible conflicts of interest. The annual conflict of interest replies are logged and monitored by the Institute's General Counsel's office.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	The Institute's Executive Committee, composed entirely of independent Trustees, approves compensation for the President and Director of the Museum and the President of the School. The Institute's Compensation and Benefits Committee, also composed entirely of independent Trustees, approves compensation for other employed officers and for certain key employees. The two committees use the following process in considering compensation. The Institute's outside compensation expert prepares a written compensation analysis report for each person whose compensation is to be presented to either the Executive Committee or the Compensation and Benefits Committee. That report includes information such as a valuation of the proposed total remuneration, comparison data on total remuneration provided by similar institutions for similar services, an analysis of how the proposed remuneration compares to competitive practice, and conclusions on the competitive reasonableness of the proposed compensation. The report is provided to the relevant Committee in advance of the meeting. The Committee may also receive other written materials relevant to compensation, such as performance evaluations. At the meeting, the compensation expert and/or the Institute's Chief Human Resources Officer reviews the compensation analysis report with the Committee. The Committee also receives input from officers and Trustees on the performance of the persons being reviewed. Committee deliberations and the decisions on compensation are documented in contemporaneous meeting minutes. In the case of the President and the Director of the Museum, the President of the School, the Provost, and the Dean of Faculty of the School, the decisions may be reflected in employment contracts as well. This process is undertaken annually.
Form 990, Part VI, Line 15b Process to establish compensation of other employees	In addition to the process described for Line 15A, for key employees whose compensation is not reviewed and approved by the Compensation and Benefits Committee, their compensation is generally based on current independent salary surveys that are compiled by and maintained by the Institute's Human Resources Department and is decided by the employee's supervisor based on factors such as experience and performance.
Form 990, Part VI, Line 19 Required documents available to the public	The Institute's governing documents are available to the public via written request to the Institute and in addition, in part through applicable governmental agencies. The Institute's financial statements are available to the public via the Institute's own website, via the Illinois Attorney General's website and upon written request. The conflict of interest policy is available to the public upon written request to the Institute.
Form 990, Part VII, Section A, Line 1a, Column (B) Hours Per Week	The amount of hours per week devoted to position has been noted as 1 hour for all Trustees. The amount of actual hours per week devoted by each Trustee varies depending on the position held and the committees the Trustee devotes time to.
Form 990, Part VIII, Line 2f Other Program Service Revenue	Cafeteria Rental Commissions - Total Revenue: 102316, Related or Exempt Function Revenue: 102316, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Exhibition Loan and Participant Fees - Total Revenue: 657833, Related or Exempt Function Revenue: 657833, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Film Center Admissions - Total Revenue: 344598, Related or Exempt Function Revenue: 344598, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Miscellaneous Other, Net Revised Total - Total Revenue: 703495, Related or Exempt Function Revenue: 703495, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Video Data Bank Rentals - Total Revenue: 268503, Related or Exempt Function Revenue: 268503, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Student Newspaper - Total Revenue: 10907, Related or Exempt Function Revenue: 10907, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Slide Production - Total Revenue: 15680, Related or Exempt Function Revenue: 15680, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST - -1697572;
Schedule B, 501(c)(3) Special Rule Explanation Special Rules, Box 1	The Art Institute of Chicago is exempt under two categories listed in Schedule A Part I: box 2, which describes a school under Section 170 (b) (1) (A) (ii) and box 7, which describes an organization that normally receives a substantial part of its support from a governmental unit or from the general public under Section 170 (b) (1) (A) (vi). The Art Institute of Chicago has selected box 2, consistent with the instructions that only one applicable box should be checked. Since the Institute is also exempt under Schedule A, Part I box 7, Schedule B Parts I and II have been completed under the Special Rules Box 1 as the Institute has met the 33 1/3% support test of the regulations under sections 509 (a) (1) / 170 (b) (1) (A) (vi).

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (9 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
AICCB LLC
111 South Michigan Avenue	Chicago	IL	60603	205052348	Investments	DE	$0	$200,000	The Art Institute of Chicago
AICGS LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	$301,882	$409,322	The Art Institute of Chicago
AICHP LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	$7,818	$0	The Art Institute of Chicago
AIC AA LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	$171,336	$429,876	The Art Institute of Chicago
AIC AX LLC
111 South Michigan Aveue	Chicago	IL	60603	362167725	Investments	DE	$49,233	$172,288	The Art Institute of Chicago
AIC BLK LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	$120,823	$266,998	The Art Institute of Chicago
AIC MS SS LLC
111 South Michigan Aveune	Chicago	IL	60603	362167725	Investments	DE	$0	$145,999	The Art Institute of Chicago
AIC GS MEZZ LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	$0	$39,641	The Art Institute of Chicago
AIC Ventures LLC
111 South Michigan Avenue	Chicago	IL	60603	900708171	Consulting	IL	$0	$0	The Art Institute of Chicago

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	Province Or StateForeignAddress/ProvinceOrStateNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd	Legal Domicile StateLegalDomicileStateCd
AIC - PP INC
190 Elgin Avenue	George Town	Grand Cayman	CJ	KY19005	980574645	Investments	CJ	The Art Institute of Chicago	C Corporation	$0	$1	1	Yes (true)
Perpetual Trusts Held by Third Parties (6)
						Fundraising		The Art Institute of Chicago	Trust				Yes (true)	IL
Charitable Remainder Trust (1)
						Fundraising		The Art Institute of Chicago	Trust				Yes (true)	IL

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd