ART INSTITUTE OF CHICAGO: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- ART INSTITUTE OF CHICAGO (EIN 36-2167725)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-05-05
- IRS object ID
- 202021269349301812
- Schema version
- 2018v3.1
- 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 | 2020-05-05T17:00:05-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | 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 | 2018-07-01 | 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 | 2020-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
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 | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | 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 | $408,370,650 | 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 | 75 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 74 | VotingMembersIndependentCnt |
| Total Employee | 4128 | TotalEmployeeCnt |
| Total Volunteers | 814 | TotalVolunteersCnt |
| Total Gross UBI | $1,913,678 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $71,017,212 | PYContributionsGrantsAmt |
| CY Contributions Grants | $97,739,224 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $212,383,078 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $225,444,444 | CYProgramServiceRevenueAmt |
| PY Investment Income | $56,585,746 | PYInvestmentIncomeAmt |
| CY Investment Income | $45,649,286 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,418,659 | PYOtherRevenueAmt |
| CY Other Revenue | $7,610,030 | CYOtherRevenueAmt |
| PY Total Revenue | $347,404,695 | PYTotalRevenueAmt |
| CY Total Revenue | $376,442,984 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $45,751,205 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $48,782,843 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $131,455,252 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $138,345,137 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $76,484 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $485,410 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $11,164,091 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $140,024,143 | PYOtherExpensesAmt |
| CY Other Expenses | $136,905,769 | CYOtherExpensesAmt |
| PY Total Expenses | $317,307,084 | PYTotalExpensesAmt |
| CY Total Expenses | $324,519,159 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $30,097,611 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $51,923,825 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,623,214,581 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,652,785,035 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $276,351,465 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $259,393,022 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,346,863,116 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,393,392,013 | NetAssetsOrFundBalancesEOYAmt |
| Mission | See Schedule O | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $180,574,970 | ExpenseAmt |
| Grant | $48,762,843 | GrantAmt |
| Revenue | $189,871,435 | 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 consistently ranks among the top programs 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 2019, average academic year full-time-equivalent enrollment of degree-seeking students was 3,683 including international students from 78 countries. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $105,901,850 | ExpenseAmt |
| Grant | $20,000 | GrantAmt |
| Revenue | $38,961,393 | RevenueAmt |
| Desc | The Museum's mission is to collect, preserve, and interpret works of art of the highest quality from across the globe for the inspiration and education of its visitors. It achieves this through building and stewarding its renowned permanent collection, producing educational programming around the collection with daily performances, gallery tours, lectures, readings, and other special events, and presenting world class exhibitions highlighting both its collection and objects loaned from other institutions. The Art Institute's encyclopedic collection consists of approximately 300,000 works of art in 11 curatorial departments. The museum has the third largest collection of art in the United States. Exhibitions featured within FY19 include Manet and Modern Beauty, Dawoud Bey: Night Come Tenderly Black, Harry Who? 1966-69, and Tomma Abts. Attendance for FY19 has exceeded 1.53 million visits. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $286,476,820 | 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 |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| 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 | false | 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 | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| 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 | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 4619 | IRPDocumentCnt |
| IRP Document W2 G | 3 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 4128 | 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 | Yes (true) | 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 | 75 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 74 | 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 (105 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Robert M Levy | |||||||||
| Chair | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Denise B Gardner | |||||||||
| Vice Chair | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Samuel M Mencoff | |||||||||
| Vice Chair | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| David J Vitale | |||||||||
| Vice Chair | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Frederick H Waddell | |||||||||
| Vice Chair | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Jay Frederick Krehbiel | |||||||||
| Treasurer | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Arjun Aggarwal | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| James N Bay | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anne Searle Bent | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anita Blanchard | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Neil G Bluhm | |||||||||
| Trustee-Ended 11/2018 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Barbara Bluhm-Kaul | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Robert Buford | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Scott Canel | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| John S Chapman | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Lester N Coney | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| A Steven Crown | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Shawn M Donnelley | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Janet Duchossois | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Fred Eychaner | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Lori Gray Faversham | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Aaron Fleischman | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Rebecca Ford | |||||||||
| Trustee-Ended 12/2018 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Karen Frank | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jay Franke | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Sarah Nava Garvey | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Matthew R Gibson | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| James A Gordon | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Karen Gray-Krehbiel | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Kenneth C Griffin | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joseph Gromacki | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Ann E Grube | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Darrel Hackett | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Adnaan Hamid | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Caryn Harris | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Betty B Harris | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Stephanie Field Harris | |||||||||
| Trustee-Ended 5/2019 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Steven Hunter | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Linda Johnson Rice | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Pamela Joyner | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Rita Knox | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anstiss Hammond Krueck | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Josef Lakonishok | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Paul Lambert | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Eric Lefkofsky | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Lawrence F Levy | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Barbara Levy Kipper | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Barry L MacLean | |||||||||
| Trustee-Ended 11/2018 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| John F Manley | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joe Mansueto | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Howard M McCue III | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| John E McGovern III | |||||||||
| Trustee-Ended 7/2018 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Eric T McKissack | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Cary D McMillan | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Harriet Horwitz Meyer | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Usha Mittal | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Sylvia M Neil | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Alexandra C Nichols | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Matthew Pettinelli | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Harvey Plotnick | |||||||||
| Trustee-Ended 7/2018 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Michael Polsky | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anne Pramaggiore | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas J Pritzker | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Bob Rennie | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anne Reyes | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Andrew M Rosenfield | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Betsy Bergman Rosenfield | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Michael Sacks | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Ellen Sandor | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Scott Santi | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Gordon Segal | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Brenda M Shapiro | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Sophia Shaw | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Stephanie Sick | |||||||||
| Trustee-Ended 11/2018 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Prabhakant Sinha | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anita Sinha | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Stephanie Skestos Gabriele | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Linda Smith Buonanno | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Louis B Susman | |||||||||
| Trustee-Ended 11/2018 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Marilynn Thoma | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Reeve B Waud | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Shirley Welsh Ryan | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Roger L Weston | |||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| James Rondeau | |||||||||
| President, Museum | 40.0 | Yes (X) | $904,631 | $0 | $76,057 | ||||
| Elissa Tenny | |||||||||
| President, School | 40.0 | Yes (X) | $669,361 | $0 | $42,236 | ||||
| Julia Getzels | |||||||||
| EVP & General Counsel-Ended 6/2019 | 40.0 | Yes (X) | $499,704 | $0 | $124,840 | ||||
| Alexandra Holt | |||||||||
| EVP, Finance & Admin | 40.0 | Yes (X) | $290,382 | $0 | $28,825 | ||||
| Lisa Wainwright | |||||||||
| Dean of Faculty/VP Acad Admin | 40.0 | $253,600 | $0 | $40,972 | Yes (X) | ||||
| Brian Esker | |||||||||
| VP of Finance & Admin, School | 40.0 | $244,114 | $0 | $90,961 | Yes (X) | ||||
| Rose Milkowski | |||||||||
| VP for Enrollment Management | 40.0 | $240,503 | $0 | $25,326 | Yes (X) | ||||
| Thomas Buechele | |||||||||
| VP for Campus Operations, School | 40.0 | $217,412 | $0 | $79,621 | Yes (X) | ||||
| Evelyn Jeffers | |||||||||
| VP for Museum Development | 40.0 | $568,770 | $0 | $42,678 | Yes (X) | ||||
| Michael Nicolai | |||||||||
| Chief Human Resources Officer | 40.0 | $238,038 | $0 | $80,022 | Yes (X) | ||||
| Andrew Simnick | |||||||||
| Sr VP for Finance, Strategy, & Ops | 40.0 | $303,446 | $0 | $48,619 | Yes (X) | ||||
| Sarah Guernsey | |||||||||
| Deputy Director, Curatorial Affairs | 40.0 | $253,834 | $0 | $91,416 | Yes (X) | ||||
| Craig Barton | |||||||||
| Provost-Ended 7/2018 | 40.0 | $391,507 | $0 | $19,700 | Yes (X) | ||||
| Kirstie Lytwynec | |||||||||
| VP and General Manager, Retail | 40.0 | $255,904 | $0 | $34,073 | Yes (X) | ||||
| Russell Collett | |||||||||
| VP of Operations | 40.0 | $205,649 | $0 | $20,496 | Yes (X) | ||||
| Ann Goldstein | |||||||||
| Deputy Director, Chair & Curator Modern & Contemporary Art | 40.0 | $304,619 | $0 | $35,157 | Yes (X) | ||||
| Tao Wang | |||||||||
| Chair of Asian Art/Executive Director Initiatives in Asia | 40.0 | $212,736 | $0 | $31,730 | Yes (X) | ||||
| Maria Simon | |||||||||
| Associate General Counsel | 40.0 | $208,388 | $0 | $61,037 | Yes (X) | ||||
| Paul Coffey | |||||||||
| Vice Provost | 40.0 | $228,331 | $0 | $95,516 | Yes (X) | ||||
| Eugene Adams | |||||||||
| Chief Information Officer | 40.0 | $226,065 | $0 | $114,083 | Yes (X) | ||||
| Deborah Johnston | |||||||||
| Former Controller | 0.0 | $121,579 | $0 | $21,273 | Yes (X) | ||||
| Walter Massey | |||||||||
| Chancellor, Former President, SAIC | 0.0 | $393,539 | $0 | $10,615 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,232,112 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,215,253 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 150 | 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 | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Securitas Security Services USA Inc | |||||
| 4330 Park Terrace Drive | Westlake Village | CA | 91361 | Security Services | $5,222,767 |
| Able Engineering Services Inc | |||||
| 868 Folsom Street | San Francisco | CA | 94107 | Engineering Services | $3,936,223 |
| ABM Onsite Services- Midwest | |||||
| 180 N LaSalle St 1700 | Chicago | IL | 60601 | Janitorial Service | $2,406,236 |
| Food For Thought | |||||
| 7001 Ridgeway Ave | Lincolnwood | IL | 60712 | Catering Services | $2,347,208 |
| Bon Appetit | |||||
| 111 S Michigan Avenue | Chicago | IL | 60603 | Catering Services | $1,628,245 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 65 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Membership Dues | $15,493,484 | MembershipDuesAmt |
| Fundraising | $3,216,693 | FundraisingAmt |
| Government Grants | $6,590,271 | GovernmentGrantsAmt |
| All Other Contributions | $72,438,776 | AllOtherContributionsAmt |
| Noncash Contributions | $12,858,592 | NoncashContributionsAmt |
| Total Contributions | $97,739,224 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 611600 | $187,281,340 | $187,281,340 |
| Museum Admissions | 900099 | $18,392,189 | $18,392,189 |
| Proceeds from Sale of Art | 900099 | $13,277,350 | $13,277,350 |
| Member Program Revenues | 900099 | $726,207 | $726,207 |
| Other Restricted Prog Rev | 900099 | $2,180,393 | $2,180,393 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,586,965 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,586,965 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $225,444,444 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,369,440 | TotalRevenueColumnAmt |
| Exclusion | $10,369,440 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $143,762 | TotalRevenueColumnAmt |
| Exclusion | $143,762 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,792,339 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,388,508 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,403,831 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,403,831 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $40,129 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,363,702 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $59,569,261 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,292,415 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,276,846 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,279,846 | TotalRevenueColumnAmt |
| Exclusion | $35,279,846 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $193,525 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $3,216,693 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $1,374,458 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,180,933 | TotalRevenueColumnAmt |
| Exclusion | -$1,180,933 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $13,360 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $3,460 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,900 | TotalRevenueColumnAmt |
| Exclusion | $9,900 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $10,121,753 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $4,868,825 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,252,928 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,388,384 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,864,544 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other revenue | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $980,542 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $9,005 | UnrelatedBusinessRevenueAmt |
| Exclusion | $971,537 | ExclusionAmt |
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 | $980,542 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $376,442,984 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $228,832,828 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,913,678 | UnrelatedBusinessRevenueAmt |
| Exclusion | $47,957,254 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,782,843 | TotalAmt |
| Program Services | $48,782,843 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,747,673 | TotalAmt |
| Program Services | $3,955,906 | ProgramServicesAmt |
| Management And General | $1,232,582 | ManagementAndGeneralAmt |
| Fundraising | $559,185 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,985 | TotalAmt |
| Program Services | $270,985 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,243,388 | TotalAmt |
| Program Services | $86,080,652 | ProgramServicesAmt |
| Management And General | $10,371,542 | ManagementAndGeneralAmt |
| Fundraising | $5,791,194 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,286,692 | TotalAmt |
| Program Services | $1,624,208 | ProgramServicesAmt |
| Management And General | $414,249 | ManagementAndGeneralAmt |
| Fundraising | $248,235 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,412,040 | TotalAmt |
| Program Services | $16,769,638 | ProgramServicesAmt |
| Management And General | $2,314,568 | ManagementAndGeneralAmt |
| Fundraising | $1,327,834 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,384,359 | TotalAmt |
| Program Services | $6,152,163 | ProgramServicesAmt |
| Management And General | $790,683 | ManagementAndGeneralAmt |
| Fundraising | $441,513 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $961,966 | TotalAmt |
| Management And General | $961,966 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $467,021 | TotalAmt |
| Management And General | $467,021 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,320 | TotalAmt |
| Program Services | $14,320 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $485,410 | TotalAmt |
| Fundraising | $485,410 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,604,925 | TotalAmt |
| Management And General | $2,604,925 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,709,577 | TotalAmt |
| Program Services | $13,600,695 | ProgramServicesAmt |
| Management And General | $1,093,264 | ManagementAndGeneralAmt |
| Fundraising | $1,015,618 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,517,056 | TotalAmt |
| Program Services | $2,468,479 | ProgramServicesAmt |
| Management And General | $17,258 | ManagementAndGeneralAmt |
| Fundraising | $31,319 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,854,590 | TotalAmt |
| Program Services | $8,790,487 | ProgramServicesAmt |
| Management And General | $527,983 | ManagementAndGeneralAmt |
| Fundraising | $536,120 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,608,655 | TotalAmt |
| Program Services | $2,394,242 | ProgramServicesAmt |
| Management And General | $1,167,560 | ManagementAndGeneralAmt |
| Fundraising | $46,853 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,949 | TotalAmt |
| Program Services | $88,949 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,840,419 | TotalAmt |
| Program Services | $26,105,078 | ProgramServicesAmt |
| Management And General | $575,512 | ManagementAndGeneralAmt |
| Fundraising | $159,829 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,105,115 | TotalAmt |
| Program Services | $3,866,527 | ProgramServicesAmt |
| Management And General | $78,865 | ManagementAndGeneralAmt |
| Fundraising | $159,723 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $592,573 | TotalAmt |
| Program Services | $336,110 | ProgramServicesAmt |
| Management And General | $166,572 | ManagementAndGeneralAmt |
| Fundraising | $89,891 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,339,439 | TotalAmt |
| Program Services | $4,627,833 | ProgramServicesAmt |
| Management And General | $2,711,606 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,015 | TotalAmt |
| Program Services | $17,015 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,890,418 | TotalAmt |
| Program Services | $25,972,997 | ProgramServicesAmt |
| Management And General | $917,421 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,217,318 | TotalAmt |
| Program Services | $1,217,318 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Accessions/Books/Other Art | $22,773,268 | $22,773,268 | ||
| Other FF&E and related maintenance | $4,650,410 | $4,259,353 | $374,562 | $16,495 |
| Exhibition Related | $3,271,191 | $3,271,191 | ||
| Other Program Costs | $968,000 | $967,860 | $140 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,413,544 | TotalAmt |
| Program Services | $2,068,703 | ProgramServicesAmt |
| Management And General | $90,109 | ManagementAndGeneralAmt |
| Fundraising | $254,732 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $324,519,159 | TotalAmt |
| Program Services | $286,476,820 | ProgramServicesAmt |
| Management And General | $26,878,248 | ManagementAndGeneralAmt |
| Fundraising | $11,164,091 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,935,997 | BOYAmt |
| EOY | $31,374,048 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,657,735 | BOYAmt |
| EOY | $83,736,423 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,318,786 | BOYAmt |
| EOY | $5,432,988 | 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) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,065,689 | BOYAmt |
| EOY | $3,517,385 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,433,409 | BOYAmt |
| EOY | $3,856,773 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,192,944 | BOYAmt |
| EOY | $2,579,893 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $763,646,099 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $342,422,382 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $439,570,944 | BOYAmt |
| EOY | $421,223,717 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $655,236,355 | BOYAmt |
| EOY | $696,187,399 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $424,754,044 | BOYAmt |
| EOY | $403,898,793 | 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 | $4,048,678 | BOYAmt |
| EOY | $977,616 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,623,214,581 | BOYAmt |
| EOY | $1,652,785,035 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,288,804 | BOYAmt |
| EOY | $40,999,380 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,222,470 | BOYAmt |
| EOY | $15,568,650 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,694,857 | BOYAmt |
| EOY | $120,971,094 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $54,000,000 | BOYAmt |
| EOY | $44,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,145,334 | BOYAmt |
| EOY | $37,853,898 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,351,465 | BOYAmt |
| EOY | $259,393,022 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $236,925,720 | BOYAmt |
| EOY | $491,925,190 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $647,218,890 | BOYAmt |
| EOY | $434,002,794 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $462,718,506 | BOYAmt |
| EOY | $467,464,029 | 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 | $1,346,863,116 | BOYAmt |
| EOY | $1,393,392,013 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,623,214,581 | BOYAmt |
| EOY | $1,652,785,035 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $51,923,825 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $9,320,836 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$14,715,764 | 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 | $64,644,760 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $106,285,789 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $55,429,565 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $65,578,847 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $92,396,397 | CurrentTaxYearAmt |
| Total | $384,335,358 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,689,620 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,732,824 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,644,223 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,438,365 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,342,827 | CurrentTaxYearAmt |
| Total | $27,847,859 | 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 | $70,334,380 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $112,018,613 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $61,073,788 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $71,017,212 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $97,739,224 | CurrentTaxYearAmt |
| Total | $412,183,217 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $27,401,123 | SubstantialContributorsTotAmt |
| Public Support Total170 | $384,782,094 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,794,570 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,339,909 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,138,842 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,993,785 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,170,463 | CurrentTaxYearAmt |
| Total | $57,437,569 | 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 | $693,874 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $762,813 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $506,695 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $662,212 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $206,885 | CurrentTaxYearAmt |
| Total | $2,832,479 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $472,453,265 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,052,340,072 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.8144 | PublicSupportCY170Pct |
| Public Support PY170 | 0.8173 | 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 - FUNDRAISING EVENTS & GAMING ACTIVITIES NOT INCLUDED ELSEWHERE, COLUMN A - 693874.0, COLUMN B - 762813.0, COLUMN C - 506695.0, COLUMN D - 662212.0, COLUMN E - 206885.0, COLUMN F - 2832479.0; |
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 |
| Direct Contact Legislators | $44 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $14,320 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $14,364 | 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 ($12,928), ACA International estimate of support of lobbying activities on behalf of its members ($120), lobbying portion of State and National dues of the American Institute of Architects ($224), Choose Chicago estimate allocated to lobbying activities ($10), Coalition of Higher Education Assistance Organizations dues attributed to lobbying expenses ($31), International Facility Management Association dues attributed to lobbying activities ($13), and a good-faith estimate of dues paid to the National Association of Independent Colleges and Universities that relate to lobbying ($994). 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. The amount in line 1g represents the cost of lunch allocated to a representative during his tour of the School of the Art Institute of Chicago. During May and June of 2019, the School of the Art Institute of Chicago invited two state senators and representatives on its campus for a facilities tour and lunch and/or meetings with the President of SAIC. The purpose of hosting these site visits was to educate the senators and representatives about SAIC programs and initiatives taking place in the district. | 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 | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| 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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $970,926,874 | BeginningYearBalanceAmt |
| Contributions | $24,548,779 | ContributionsAmt |
| Investment Earnings Or Losses | $126,227,068 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,021,698 | GrantsOrScholarshipsAmt |
| Other Expenditures | $57,793,486 | OtherExpendituresAmt |
| Administrative Expenses | $3,315,697 | AdministrativeExpensesAmt |
| End Year Balance | $1,056,571,840 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $962,156,186 | BeginningYearBalanceAmt |
| Contributions | $85,880,530 | ContributionsAmt |
| Investment Earnings Or Losses | -$15,202,998 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,803,429 | GrantsOrScholarshipsAmt |
| Other Expenditures | $55,602,314 | OtherExpendituresAmt |
| Administrative Expenses | $2,501,101 | AdministrativeExpensesAmt |
| End Year Balance | $970,926,874 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,004,102,659 | BeginningYearBalanceAmt |
| Contributions | $39,741,238 | ContributionsAmt |
| Investment Earnings Or Losses | $32,661,422 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,465,407 | GrantsOrScholarshipsAmt |
| Other Expenditures | $108,323,033 | OtherExpendituresAmt |
| Administrative Expenses | $2,560,693 | AdministrativeExpensesAmt |
| End Year Balance | $962,156,186 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.32 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.41 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.27 | 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 | $205,068,956 | OtherCostOrOtherBasisAmt |
| Depreciation | $117,347,550 | DepreciationAmt |
| Book Value | $87,721,406 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $493,885,085 | OtherCostOrOtherBasisAmt |
| Depreciation | $201,914,326 | DepreciationAmt |
| Book Value | $291,970,759 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,719,962 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,160,506 | DepreciationAmt |
| Book Value | $6,559,456 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $421,223,717 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Hedge Funds | $256,915,132 | F |
| Venture Capital /Private Equity | $96,053,850 | F |
| Real Assets | $50,929,811 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $403,898,793 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Pension Liability | $33,534,086 |
| Refundable Advances | $4,319,812 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $37,853,898 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $391,248,810 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $9,320,836 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $454,664 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $9,775,500 | RevenueNotReportedAmt |
| Revenue Subtotal | $381,473,310 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,604,925 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$7,635,251 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$5,030,326 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $376,442,984 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $344,719,913 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $454,664 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $22,351,015 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $22,805,679 | ExpensesNotReportedAmt |
| Expenses Subtotal | $321,914,234 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,604,925 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,604,925 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $324,519,159 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 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's 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 2019. The objects are generally offered for sale at a public auction and the proceeds from such dispositions are classified as with donor restrictions for the purchase of works of art. 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. Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 740, Income Taxes, prescribes a comprehensive model for how an institution should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the institution has taken or expects to take on a tax return. For federal purposes, the Institute has reported federal net operating losses ("NOLs") of approximately $9.8 million for tax periods through June 30, 2018. The Institute does not have the ability to estimate the NOL through June 30, 2019, as the NOL calculation is reliant upon third-party information, which is not yet available. These NOLs will expire, if not utilized, between the years 2028 and 2037. The Institute has not recorded a tax benefit for these NOLs for the years ended June 30, 2019 and 2018, because it is unlikely that the Institute will be able to realize the benefit." The financial statements did not report uncertain tax positions. |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | Cost of Goods Sold - -4868825 Rental Expenses - -1388508 Special Events - -1374458 Raffles - -3460 - |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | Cost of Goods Sold - 4868825 Rental Expenses - 1388508 Special Events - 1374458 Raffles - 3460 PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COSTS - 14715764 |
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, and the student handbook. |
| 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 under the following programs: Federal Pell Grant Program Federal Supplemental Educational Opportunity Grants Program Federal Work Study Program |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (43 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 0 | Program Services | Conf, Lectures, Other Education | $59,298 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Conf, Lectures, Other Education | $170,326 |
| North America (Canada & Mexico only) | 0 | 0 | Program Services | Conf, Lectures, Other Education | $32,728 |
| South Asia | 0 | 0 | Program Services | Conf, Lectures, Other Education | $5,225 |
| South America | 0 | 0 | Program Services | Conf, Lectures, Other Education | $1,814 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Conf, Lectures, Other Education | $6,231 |
| Europe (Including Iceland and Greenland) | 0 | 20 | Program Services | Exhibitions | $687,607 |
| North America (Canada & Mexico only) | 0 | 6 | Program Services | Exhibitions | $39,807 |
| South America | 0 | 0 | Program Services | Exhibitions | $11,574 |
| Sub-Saharan Africa | 0 | 1 | Program Services | Exhibitions | $13,002 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Marketing/Public Relations | $15,503 |
| North America (Canada & Mexico only) | 0 | 0 | Program Services | Marketing/Public Relations | $6,765 |
| East Asia and the Pacific | 0 | 5 | Program Services | EXHIBITIONS | $97,023 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Member Travel | $16,061 |
| North America (Canada & Mexico only) | 0 | 0 | Program Services | Member Travel | $2,840 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Member Travel | $4,220 |
| Central America and the Caribbean | 0 | 0 | Program Services | Recruiting | $355 |
| East Asia and the Pacific | 0 | 0 | Program Services | Recruiting | $115,457 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Recruiting | $26,526 |
| Middle East and North Africa | 0 | 0 | Program Services | Recruiting | $4,870 |
| North America (Canada & Mexico only) | 0 | 1 | Program Services | Recruiting | $29,970 |
| South Asia | 0 | 0 | Program Services | Recruiting | $28,939 |
| South America | 0 | 0 | Program Services | Recruiting | $6,173 |
| East Asia and the Pacific | 0 | 0 | Program Services | Research | $2,918 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Research | $97,908 |
| North America (Canada & Mexico only) | 0 | 0 | Program Services | Research | $5,858 |
| Central America and the Caribbean | 0 | 0 | Program Services | CONF, LECTURES, OTHER EDUCATION | $27 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Research | $7,221 |
| East Asia and the Pacific | 0 | 0 | Program Services | Study Trips | $32,429 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Study Trips | $266,351 |
| South Asia | 0 | 0 | Program Services | Study Trips | $49,725 |
| South America | 0 | 0 | Program Services | Study Trips | $16,159 |
| Central America and the Caribbean | 0 | 0 | ,Passive Investments | N/A | $298,746,726 |
| Europe (Including Iceland and Greenland) | 0 | 0 | ,Passive Investments | N/A | $94,862 |
| Middle East and North Africa | 0 | 0 | Program Services | CONF, LECTURES, OTHER EDUCATION | $6,647 |
| Middle East and North Africa | 0 | 0 | Program Services | RESEARCH | $66 |
| East Asia and the Pacific | 0 | 0 | Program Services | Marketing/Public Relations | $448 |
| East Asia and the Pacific | 0 | 0 | Program Services | MEMBER TRAVEL | $3,579 |
| South America | 0 | 0 | Program Services | RESEARCH | $1,683 |
| South Asia | 0 | 0 | Program Services | Member Travel | $12,148 |
| South Asia | 0 | 1 | Program Services | EXHIBITIONS | $500 |
| North America (Canada & Mexico only) | 0 | 0 | ,PASSIVE INVESTMENTS | N/A | $1,416,904 |
| Sub-Saharan Africa | 0 | 0 | Program Services | STUDY TRIPS | $313 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 32 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 2 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 34 | TotalEmployeeCnt |
| Subtotal Spent | $1,170,024 | SubtotalSpentAmt |
| Continuation Spent | $300,974,762 | ContinuationSpentAmt |
| Total Spent | $302,144,786 | TotalSpentAmt |
| 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 |
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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| SD&A Teleservices Inc | ||||||||
| 5757 W Century Blvd | Los Angeles | CA | 90045 | Telemarketing | false | $137,560 | $95,301 | $42,259 |
| Lukens Company | ||||||||
| 2800 Shirlington Rd | Arlington | VA | 22206 | Direct Marketing | false | $1,295,175 | $365,859 | $929,316 |
| Donald A Campell & CO | ||||||||
| 1 East Wacker Dr 2100 | Chicago | IL | 60601 | Campaign Strategy | false | $24,250 | -$24,250 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $1,432,735 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $485,410 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $947,325 | TotalNetToOrganizationAmt |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Woman's Board Masterpiece 19 | Event1Nm |
| Gross Receipts Event1 | $2,124,407 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $2,053,687 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $70,720 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $91,257 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $176,103 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $2,266 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $660,740 | OtherDirectExpensesEvent1Amt |
| Event2 | Woman's Board Jeff Koon's | Event2Nm |
| Gross Receipts Event2 | $834,460 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $807,970 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $26,490 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $109,089 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $45,441 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Other Events | $451,351 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $355,036 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $96,315 | GrossRevenueOtherEventsAmt |
| Non Cash Prizes Other Events | $12,262 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $6,432 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $157,466 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $113,402 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $3,410,218 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $3,216,693 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $193,525 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $12,262 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $97,689 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $442,658 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $2,266 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $819,583 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $1,374,458 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$1,180,933 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses | FormAndLineReferenceDesc |
| Explanation | SD&A TELESERVICES, INC-AIC PAYS FUNDRAISING CONSULTANT FEES AT A STATED RATE PER CONTRACT AND OTHER ADMINISTRATIVE COSTS SUCH AS POSTAGE, PRINTING, AND OFFICE OVERHEAD. PROFESSIONAL SERVICES FEES AND ADMINISTRATIVE COSTS WERE $59,087 AND $36,214 RESPECTIVELY.;LUKENS COMPANY-AIC PAYS FUNDRAISING CONSULTANT FEES AT A STATED RATE PER CONTRACT AND COSTS SUCH AS POSTAGE AND PRINTING. PROFESSIONAL SERVICES FEES WERE $365,859 AND POSTAGE AND PRINTING COSTS WERE $392,781; | 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 | 70 | $100,000 | N/A | N/A |
| Student Scholarships and Stipends | 3381 | $48,682,843 | 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 |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| 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 (22 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 | $734,407 | $0 | $0 | $0 | $170,224 | $0 | $68,000 | $0 | $8,057 | $0 | $980,688 | $0 | $0 | $0 |
| Elissa Tenny | ||||||||||||||
| President, School | $531,517 | $0 | $0 | $0 | $137,844 | $0 | $24,300 | $0 | $17,936 | $0 | $711,597 | $0 | $0 | $0 |
| Julia Getzels | ||||||||||||||
| EVP & General Counsel-Ended 6/2019 | $396,619 | $0 | $0 | $0 | $103,085 | $0 | $104,000 | $0 | $20,840 | $0 | $624,544 | $0 | $0 | $0 |
| Alexandra Holt | ||||||||||||||
| EVP, Finance & Admin | $289,778 | $0 | $0 | $0 | $604 | $0 | $20,693 | $0 | $8,132 | $0 | $319,207 | $0 | $0 | $0 |
| Lisa Wainwright | ||||||||||||||
| Dean of Faculty/VP Acad Admin | $252,698 | $0 | $0 | $0 | $902 | $0 | $23,454 | $0 | $17,518 | $0 | $294,572 | $0 | $0 | $0 |
| Brian Esker | ||||||||||||||
| VP of Finance & Admin, School | $224,583 | $0 | $0 | $0 | $19,531 | $0 | $76,000 | $0 | $14,961 | $0 | $335,075 | $0 | $0 | $0 |
| Rose Milkowski | ||||||||||||||
| VP for Enrollment Management | $239,971 | $0 | $0 | $0 | $532 | $0 | $21,855 | $0 | $3,471 | $0 | $265,829 | $0 | $0 | $0 |
| Thomas Buechele | ||||||||||||||
| VP for Campus Operations, School | $212,856 | $0 | $0 | $0 | $4,556 | $0 | $58,000 | $0 | $21,621 | $0 | $297,033 | $0 | $0 | $0 |
| Evelyn Jeffers | ||||||||||||||
| VP for Museum Development | $523,882 | $0 | $0 | $0 | $44,888 | $0 | $24,750 | $0 | $17,928 | $0 | $611,448 | $0 | $0 | $0 |
| Michael Nicolai | ||||||||||||||
| Chief Human Resources Officer | $216,502 | $0 | $0 | $0 | $21,536 | $0 | $59,000 | $0 | $21,022 | $0 | $318,060 | $0 | $0 | $0 |
| Andrew Simnick | ||||||||||||||
| Sr VP for Finance, Strategy, & Ops | $301,559 | $0 | $0 | $0 | $1,887 | $0 | $24,722 | $0 | $23,897 | $0 | $352,065 | $0 | $0 | $0 |
| Sarah Guernsey | ||||||||||||||
| Deputy Director, Curatorial Affairs | $252,081 | $0 | $0 | $0 | $1,753 | $0 | $72,000 | $0 | $19,416 | $0 | $345,250 | $0 | $0 | $0 |
| Craig Barton | ||||||||||||||
| Provost-Ended 7/2018 | $158,206 | $0 | $0 | $0 | $233,301 | $0 | $11,939 | $0 | $7,761 | $0 | $411,207 | $0 | $0 | $0 |
| Kirstie Lytwynec | ||||||||||||||
| VP and General Manager, Retail | $255,904 | $0 | $0 | $0 | $0 | $0 | $24,758 | $0 | $9,315 | $0 | $289,977 | $0 | $0 | $0 |
| Russell Collett | ||||||||||||||
| VP of Operations | $204,840 | $0 | $0 | $0 | $809 | $0 | $18,604 | $0 | $1,892 | $0 | $226,145 | $0 | $0 | $0 |
| Ann Goldstein | ||||||||||||||
| Deputy Director, Chair & Curator Modern & Contemporary Art | $302,579 | $0 | $0 | $0 | $2,040 | $0 | $21,689 | $0 | $13,468 | $0 | $339,776 | $0 | $0 | $0 |
| Tao Wang | ||||||||||||||
| Chair of Asian Art/Executive Director Initiatives in Asia | $193,372 | $0 | $0 | $0 | $19,364 | $0 | $19,373 | $0 | $12,357 | $0 | $244,466 | $0 | $0 | $0 |
| Maria Simon | ||||||||||||||
| Associate General Counsel | $206,289 | $0 | $0 | $0 | $2,099 | $0 | $41,000 | $0 | $20,037 | $0 | $269,425 | $0 | $0 | $0 |
| Paul Coffey | ||||||||||||||
| Vice Provost | $226,012 | $0 | $0 | $0 | $2,319 | $0 | $78,000 | $0 | $17,516 | $0 | $323,847 | $0 | $0 | $0 |
| Eugene Adams | ||||||||||||||
| Chief Information Officer | $205,378 | $0 | $0 | $0 | $20,687 | $0 | $88,000 | $0 | $26,083 | $0 | $340,148 | $0 | $0 | $0 |
| Deborah Johnston | ||||||||||||||
| Former Controller | $112,575 | $0 | $0 | $0 | $9,004 | $0 | $13,361 | $0 | $7,912 | $0 | $142,852 | $0 | $0 | $0 |
| Walter Massey | ||||||||||||||
| Chancellor, Former President, SAIC | $113,324 | $0 | $0 | $0 | $280,215 | $0 | $10,609 | $0 | $6 | $0 | $404,154 | $0 | $81,732 | $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 Travel for companions | The Presidents of the Museum and the School and the Chancellor are allowed to have their partners accompany them on business trips if their presence is necessary for a specific, bonafide purpose of the Institute. |
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | The President of the School is paid a housing allowance of $4000 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, the President of the Museum, and the Chancellor are reimbursed to the extent they are used for business purposes. In addition, the employment contracts for the President of the School and the Chancellor allow 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 | Severance was paid to Craig Barton in the amount of $230,765. |
| 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 2018 of $150,000 Julia E. Getzels amount paid in calendar year 2018 of $82,649 Elissa Tenny amount paid in calendar year 2018 of $22,200 Eve Jeffers amount paid in calendar year 2018 of $23,344 Craig Barton amount paid in calendar year 2018 of $675 Andrew Simnick amount paid in calendar year 2018 of $713 Walter Massey amount paid in calendar year 2018 of $270,985. |
| Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception | The President, Museum and the Provost were paid their salaries under contracts that were subject to the initial contract exception. As noted in 4A above, the Provost was paid severance under a separate agreement. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Illinois Finance Authority | ||||||||
| A | 861091967 | 45200F3N7 | 2010-06-09 | $113,537,854 | Refund 10/15/1992, 2/23/1995, and 3/27/1996 Bonds; Adv Refund Portion of 2/9/2000 Series 2000A Bonds | false | false | false |
| Illinois Finance Authority | ||||||||
| B | 861091967 | 45203HMP4 | 2012-10-18 | $66,292,422 | Advance refund portions of 3/18/98 Srs 1998A, 2/9/00 Srs 2000A, 7/9/03 Srs 2003A, 5/20/10 Srs 2010B | Yes (true) | false | false |
| Illinois Finance Authority | ||||||||
| C | 861091967 | 45204EHD3 | 2016-08-25 | $42,808,133 | Advance refund Series 2009A Bonds issued 3/26/2009 | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Bond DefeasedBondDefeasedAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $60,595,000 | $113,537,854 | $5,986 | $113,531,868 | Yes (true) | Yes (true) | Yes (true) | Yes (true) | ||
| B | $28,255,000 | $66,292,422 | $66,292,422 | false | Yes (true) | Yes (true) | Yes (true) | $135,000 | ||
| C | $42,808,133 | $42,803,373 | false | Yes (true) | Yes (true) | Yes (true) | $4,760 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|---|---|
| A | 0.0 | 0.0 | 0.0 |
| B | 0.0 | 0.0 | 0.0 |
| C | 0.0 | 0.0 | 0.0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | Yes (true) | false | false | false | false | Yes (true) |
| B | false | false | false | Yes (true) | false | false | false | false | Yes (true) |
| C | false | Yes (true) | false | false | false | false | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part IV, Line 6 Columns A & C | 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 07/24/2015 |
| Schedule K, Part IV, Line 2c COLUMN B | Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 10/18/2017 |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $34,860 | CashGrantAmt |
| Type Of Assistance | Tuition Remission | TypeOfAssistanceTxt |
| Assistance Purpose | Tuition remission for family member of an Officer | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Peter Haratonik | |||
| Family Member of Elissa Tenny, Current Officer | $33,447 | Employee Compensation | false |
| Tess Haratonik | |||
| Family Member of Elissa Tenny, Current Officer | $10,716 | Employee Compensation | false |
| Silvia Beltrametti | |||
| Family Member of Jay Frederick Krehbiel, Current Trustee | $11,450 | Employee Compensation | false |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1520 | 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 | $3,468 | 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 | 153 | ContributionCnt |
| Noncash Contributions Rpt F990 | $12,286,512 | 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 | $500,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Departmental Supplies | 21 | $47,775 | Market value |
| Yes (X) | Special Events | 16 | $20,837 | Market value |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 33 | 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 permitted under generally accepted accounting principles. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Art - Works of art - Number of items contributed Books and publications - Number of items contributed Securities - Publicly traded - Number of contributions received Other - Departmental Supplies Number of items contributed Other - Special Events Number of items contributed Collectibles - Number of items contributed |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 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 theatres; 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 V, Line 7g Intellectual Property | The Art Institute of Chicago is not required to file Form 8899. The Institute receives contributions of intellectual property from time to time; however, the type of property contributed does not meet the definition of "qualified intellectual property" for Form 8899 filing purposes. |
| Form 990, Part VI, Line 15b Compensation Review & Approval Process - Key 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 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 | Caryn Harris and Stephanie Field Harris - Family relationship, Walter Massey and Cary McMillan - Business relationship, Matthew R. Gibson and Thomas Pritzker - Business relationship, Jay Frederick Krehbiel and David Vitale - Business relationship, Thomas Pritzker and Cary McMillan - Business relationship, Betsy Bergman Rosenfield and Andrew Rosenfield - Family relationship, A. Steven Crown and Louis B. Susman - Business relationship, Anita Sinha and Prabhakant Sinha - Family relationship, Gordon Segal and Eric Lefkofsky - Business relationship, Sarah Garvey and Eric McKissack - Business relationship |
| Form 990, Part VI, Line 4 Significant changes to organizational documents | The Institute's by laws were amended on September 12, 2018. There were no material changes resulting from the amendment. |
| 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, the President of the School, and for the Chancellor. 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 and the President of the School, the Chancellor, the Provost, and the Dean of Faculty of the School, the decisions may be reflected in employment contracts as well. |
| 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 | All other - Total Revenue: 3586965, Related or Exempt Function Revenue: 3586965, 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 - -14715764; |
| 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 | $480,498 | $600,000 | The Art Institute of Chicago |
| AICGS LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | $200,841 | $1,329,615 | The Art Institute of Chicago |
| AICHP LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | $0 | $310,729 | The Art Institute of Chicago |
| AIC AA LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | $231,311 | $734,426 | The Art Institute of Chicago |
| AIC AX LLC | |||||||||
| 111 South Michigan Aveue | Chicago | IL | 60603 | 362167725 | Investments | DE | $167,984 | $341,675 | The Art Institute of Chicago |
| AIC BLK LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | $261,661 | $1,017,668 | The Art Institute of Chicago |
| AIC MS SS LLC | |||||||||
| 111 South Michigan Aveune | Chicago | IL | 60603 | 362167725 | Investments | DE | $0 | $944,544 | The Art Institute of Chicago |
| AIC GS MEZZ LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | $31,589 | $134,516 | 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 (7) | ||||||||||||||
| 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 |