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ART INSTITUTE OF CHICAGO: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ART INSTITUTE OF CHICAGO (EIN 36-2167725)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-08
IRS object ID
201841289349301344
Schema version
2016v3.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-08T14:00:07-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN861065772PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Deloitte Tax LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 South Sixth Street Suite 2800AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN362167725EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Art Institute of ChicagoBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlARTIBusinessNameControlTxt
Phone3124433600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 South Michigan AvenueAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAlexandra HoltPersonNm
Person TitleExec VP, Finance & AdministrationPersonTitleTxt
Signature2018-05-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKristina RasmussenPreparerPersonNm
PTINP00143920PTIN
Phone6123974000PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Alexandra HoltBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 South Michigan AvenueAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$348,022,176GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.artic.edu and www.saic.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1879FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTo found, build, maintain and operate museums, schools, and libraries of art and theatres. (See Schedule O)ActivityOrMissionDesc
Voting Members Governing Body73VotingMembersGoverningBodyCnt
Voting Members Independent73VotingMembersIndependentCnt
Total Employee4069TotalEmployeeCnt
Total Volunteers697TotalVolunteersCnt
Total Gross UBI$3,126,627TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$112,018,613PYContributionsGrantsAmt
CY Contributions Grants$61,073,788CYContributionsGrantsAmt
PY Program Service Revenue$193,030,377PYProgramServiceRevenueAmt
CY Program Service Revenue$199,220,523CYProgramServiceRevenueAmt
PY Investment Income$35,771,449PYInvestmentIncomeAmt
CY Investment Income$50,002,827CYInvestmentIncomeAmt
PY Other Revenue$10,520,134PYOtherRevenueAmt
CY Other Revenue$9,014,704CYOtherRevenueAmt
PY Total Revenue$351,340,573PYTotalRevenueAmt
CY Total Revenue$319,311,842CYTotalRevenueAmt
PY Grants And Similar Paid$40,251,612PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$42,787,866CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$122,058,323PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$134,734,791CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$158,833PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$109,899CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$9,096,171CYTotalFundraisingExpenseAmt
PY Other Expenses$132,624,158PYOtherExpensesAmt
CY Other Expenses$137,864,386CYOtherExpensesAmt
PY Total Expenses$295,092,926PYTotalExpensesAmt
CY Total Expenses$315,496,942CYTotalExpensesAmt
PY Revenues Less Expenses$56,247,647PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,814,900CYRevenuesLessExpensesAmt
Total Assets BOY$1,489,564,148TotalAssetsBOYAmt
Total Assets EOY$1,566,021,763TotalAssetsEOYAmt
Total Liabilities BOY$318,053,660TotalLiabilitiesBOYAmt
Total Liabilities EOY$298,337,472TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,171,510,488NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,267,684,291NetAssetsOrFundBalancesEOYAmt
MissionSee Schedule OMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$168,568,268ExpenseAmt
Grant$42,787,866GrantAmt
Revenue$172,048,350RevenueAmt
DescThe 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 connections and special access to the Art Institute of Chicago, on-campus galleries, and state of the art facilities. In fiscal year 2017, average academic year full-time-equivalent enrollment of degree-seeking students was 3,457 including international students from 64 countries.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$101,678,890ExpenseAmt
Revenue$31,759,069RevenueAmt
DescThe 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 country. Exhibitions featured within fiscal year 2017 include Gauguin: Artist as Alchemist, Moholy Nagy: Future Present, The Photographer's Curator: Hugh Edwards at the Art Institute of Chicago, and Helio Oiticica: To Organize Delirium. Attendance exceeded 1.6 million visitors in fiscal year 2017.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$270,247,158TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesYes (true)GamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsYes (true)InvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document1037IRPDocumentCnt
IRP Document W2 G4IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee4069EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members73GoverningBodyVotingMembersCnt
Independent Voting Member73IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldLAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Alexandra HoltBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124994265PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 South Michigan AvenueAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (99 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Jay Krehbiel
Treasurer1.0Yes (X)Yes (X)$0$0$0
Robert M Levy
Chairman1.0Yes (X)Yes (X)$0$0$0
Cary D McMillan
Vice Chairman1.0Yes (X)Yes (X)$0$0$0
Andrew M Rosenfield
Vice Chairman1.0Yes (X)Yes (X)$0$0$0
Anne Bent Searle
Vice Chairman1.0Yes (X)Yes (X)$0$0$0
David J Vitale
Vice Chairman1.0Yes (X)Yes (X)$0$0$0
Frederick H Waddell
Vice Chairman1.0Yes (X)Yes (X)$0$0$0
James N Bay
Trustee1.0Yes (X)$0$0$0
Neil G Bluhm
Trustee1.0Yes (X)$0$0$0
Barbara Bluhm-Kaul
Trustee1.0Yes (X)$0$0$0
Toni Canada
Trustee1.0Yes (X)$0$0$0
John S Chapman
Trustee1.0Yes (X)$0$0$0
Lester N Coney
Trustee1.0Yes (X)$0$0$0
A Steven Crown
Trustee1.0Yes (X)$0$0$0
William M Daley
Trustee - End date 11/15/161.0Yes (X)$0$0$0
Shawn M Donnelley
Trustee1.0Yes (X)$0$0$0
Janet Duchossois
Trustee1.0Yes (X)$0$0$0
Fred Eychaner
Trustee1.0Yes (X)$0$0$0
Stephanie Field Harris
Trustee1.0Yes (X)$0$0$0
Aaron Fleischman
Trustee1.0Yes (X)$0$0$0
Rebecca Ford Terry
Trustee - Resigned 11/15/161.0Yes (X)$0$0$0
Karen Frank
Trustee1.0Yes (X)$0$0$0
Jay Franke
Trustee1.0Yes (X)$0$0$0
Denise B Gardner
Trustee1.0Yes (X)$0$0$0
Sarah Nava Garvey
Trustee1.0Yes (X)$0$0$0
Matthew R Gibson
Trustee1.0Yes (X)$0$0$0
Jean Goldman
Trustee1.0Yes (X)$0$0$0
James A Gordon
Trustee1.0Yes (X)$0$0$0
Kenneth C Griffin
Trustee1.0Yes (X)$0$0$0
Joseph Gromacki
Trustee1.0Yes (X)$0$0$0
Ann E Grube
Trustee1.0Yes (X)$0$0$0
Darrel Hackett
Trustee1.0Yes (X)$0$0$0
Adnaan Hamid
Trustee1.0Yes (X)$0$0$0
Caryn Harris
Trustee1.0Yes (X)$0$0$0
David C Hilliard
Trustee1.0Yes (X)$0$0$0
Linda Johnson Rice
Trustee1.0Yes (X)$0$0$0
John W Jordan II
Trustee - Resigned 10/31/161.0Yes (X)$0$0$0
Pamela Joyner
Trustee1.0Yes (X)$0$0$0
Judy Keller
Trustee1.0Yes (X)$0$0$0
Rita Knox
Trustee1.0Yes (X)$0$0$0
Anstiss Hammond Krueck
Trustee1.0Yes (X)$0$0$0
Paul Lambert
Trustee1.0Yes (X)$0$0$0
Eric Lefkofsky
Trustee1.0Yes (X)$0$0$0
Lawrence F Levy
Trustee1.0Yes (X)$0$0$0
Barbara Levy Kipper
Trustee1.0Yes (X)$0$0$0
Barry L MacLean
Trustee1.0Yes (X)$0$0$0
John F Manley
Trustee1.0Yes (X)$0$0$0
H George Mann
Trustee1.0Yes (X)$0$0$0
Joe Mansueto
Trustee1.0Yes (X)$0$0$0
Howard M McCue III
Trustee1.0Yes (X)$0$0$0
Eric T McKissack
Trustee1.0Yes (X)$0$0$0
Samuel M Mencoff
Trustee1.0Yes (X)$0$0$0
Sylvia M Neil
Trustee1.0Yes (X)$0$0$0
Alexandra C Nichols
Trustee1.0Yes (X)$0$0$0
Cynthia Perucca
Trustee - Resigned 11/15/161.0Yes (X)$0$0$0
Harvey Plotnick
Trustee1.0Yes (X)$0$0$0
Anne Pramaggiore
Trustee1.0Yes (X)$0$0$0
Thomas J Pritzker
Trustee1.0Yes (X)$0$0$0
Bob Rennie
Trustee1.0Yes (X)$0$0$0
J Christopher Reyes
Trustee1.0Yes (X)$0$0$0
Michael Sacks
Trustee1.0Yes (X)$0$0$0
Ellen Sandor
Trustee1.0Yes (X)$0$0$0
Scott Santi
Trustee1.0Yes (X)$0$0$0
Gordon Segal
Trustee1.0Yes (X)$0$0$0
Brenda M Shapiro
Trustee1.0Yes (X)$0$0$0
Sophia Shaw
Trustee1.0Yes (X)$0$0$0
Stephanie Sick
Trustee1.0Yes (X)$0$0$0
Prabhakant Sinha
Trustee1.0Yes (X)$0$0$0
Stephanie Skestos Gabriele
Trustee1.0Yes (X)$0$0$0
Linda Smith Buonanno
Trustee1.0Yes (X)$0$0$0
Louis B Susman
Trustee1.0Yes (X)$0$0$0
Marilynn Thoma
Trustee1.0Yes (X)$0$0$0
Reeve B Waud
Trustee1.0Yes (X)$0$0$0
Shirley Welsh Ryan
Trustee1.0Yes (X)$0$0$0
Laura Werner
Trustee1.0Yes (X)$0$0$0
Roger L Weston
Trustee1.0Yes (X)$0$0$0
Dave Walker
Trustee1.0Yes (X)$0$0$0
James Rondeau
President, Museum40.0Yes (X)$525,035$0$68,860
Elissa Tenny
President, School40.0Yes (X)$434,232$0$25,376
Julia Getzels
EVP & General Counsel40.0Yes (X)$447,632$0$108,607
Alison Sowden
Executive VP & CFO40.0Yes (X)$374,877$0$40,039
David Thurm
COO, Museum40.0$478,983$0$53,959Yes (X)
Lisa Wainwright
Dean of Faculty/VP Acad Admin40.0$247,930$0$48,418Yes (X)
Brian Esker
VP of Finance & Admin, School40.0$234,278$0$75,430Yes (X)
Jeanne Ladd
VP of Museum Finance40.0$366,066$0$76,145Yes (X)
Rose Milkowski
VP for Enrollment Management40.0$213,828$0$22,958Yes (X)
Thomas Buechele
VP for Campus Operations, School40.0$192,843$0$86,029Yes (X)
Evelyn Jeffers
VP for Museum Development40.0$475,783$0$48,242Yes (X)
Michael Nicolai
Chief Human Resources Officer40.0$212,445$0$77,773Yes (X)
Andrew Simnick
Sr VP for Finance, Strategy, & Ops40.0$179,118$0$30,975Yes (X)
Sarah Guernsey
Deputy Director, Curatorial Affairs40.0$153,258$0$58,697Yes (X)
Martha Tedeschi
Deputy Director, Art & Research40.0$112,035$0$49,996Yes (X)
Gordon Montgomery
VP of Marketing40.0$216,041$0$40,469Yes (X)
Judith Kirshner
Deputy Director Education40.0$256,342$0$4,414Yes (X)
Eugene Adams
Chief Information Officer40.0$217,048$0$102,334Yes (X)
Deborah Johnston
Controller40.0$204,145$0$36,020Yes (X)
Paul Coffey
Vice Provost40.0$203,486$0$90,048Yes (X)
Douglas Druick
Former President, Museum40.0$589,270$0-$40,796Yes (X)
Walter Massey
Chancellor, Former President, SAIC40.0$472,440$0$27,621Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,807,115TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,131,614TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K141IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (true)CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
Securitas Security Services USA Inc
4330 Park Terrace DriveWestlake VillageCA91361Security Services$5,908,177
MA Mortenson Company
25 NW Point BlvdElk Grove VillageIL60007Construction Services$5,343,391Ste 100
Able Engineering Services Inc
868 Folsom StreetSan FranciscoCA94107Engineering Services$3,842,265
Turner Construction Company
375 Hudson StreetNew YorkNY10014Construction Services$2,530,583
Food For Thought
7001 Ridgeway AveLincolnwoodIL60712Catering Services$2,093,985
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K85CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIIIYes (X)InfoInScheduleOPartVIIIInd
Federated Campaigns$0FederatedCampaignsAmt
Membership Dues$14,975,469MembershipDuesAmt
Fundraising$3,783,611FundraisingAmt
Related Organizations$0RelatedOrganizationsAmt
Government Grants$6,522,105GovernmentGrantsAmt
All Other Contributions$35,792,603AllOtherContributionsAmt
Noncash Contributions$6,352,328NoncashContributionsAmt
Total Contributions$61,073,788TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition and Fees611600$169,316,138$169,316,138
Museum Admissions900099$17,389,840$17,389,840
Proceeds from Sale of Art900099$5,005,245$5,005,245
Member Program Revenues900099$1,086,741$1,086,741
Other Restricted Prog Rev900099$1,565,126$1,565,126

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,857,433TotalRevenueColumnAmt
Related Or Exempt Func Income$4,857,433RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$199,220,523TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,584,526TotalRevenueColumnAmt
Exclusion$7,584,526ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$160,491TotalRevenueColumnAmt
Exclusion$160,491ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$3,580,500RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$1,113,659RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,466,841RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,466,841TotalRevenueColumnAmt
Unrelated Business Revenue$186,675UnrelatedBusinessRevenueAmt
Exclusion$2,280,166ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$62,162,883SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$19,744,582SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$42,418,301SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,418,301TotalRevenueColumnAmt
Exclusion$42,418,301ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$489,455FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$3,783,611ContriRptFundraisingEventAmt
Fundraising Direct Expenses$1,612,748FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,123,293TotalRevenueColumnAmt
Exclusion-$1,123,293ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$17,240GamingGrossIncomeAmt
Gaming Direct Expenses$33,423GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column-$16,183TotalRevenueColumnAmt
Exclusion-$16,183ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$13,732,770GrossSalesOfInventoryAmt
Cost Of Goods Sold$6,205,922CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,526,848TotalRevenueColumnAmt
Related Or Exempt Func Income$4,586,896RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$2,939,952UnrelatedBusinessRevenueAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$319,311,842TotalRevenueColumnAmt
Related Or Exempt Func Income$203,807,419RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$3,126,627UnrelatedBusinessRevenueAmt
Exclusion$51,304,008ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$42,787,866TotalAmt
Program Services$42,787,866ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$5,107,652TotalAmt
Program Services$3,430,360ProgramServicesAmt
Management And General$1,173,787ManagementAndGeneralAmt
Fundraising$503,505FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$231,433TotalAmt
Program Services$231,433ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$94,143,378TotalAmt
Program Services$79,473,161ProgramServicesAmt
Management And General$10,597,985ManagementAndGeneralAmt
Fundraising$4,072,232FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$9,503,235TotalAmt
Program Services$7,114,505ProgramServicesAmt
Management And General$1,692,034ManagementAndGeneralAmt
Fundraising$696,696FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,037,765TotalAmt
Program Services$15,449,766ProgramServicesAmt
Management And General$2,649,286ManagementAndGeneralAmt
Fundraising$938,713FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,711,328TotalAmt
Program Services$5,620,910ProgramServicesAmt
Management And General$795,317ManagementAndGeneralAmt
Fundraising$295,101FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$487,924TotalAmt
Management And General$487,924ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$489,095TotalAmt
Management And General$489,095ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$15,093TotalAmt
Program Services$15,093ProgramServicesAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$109,899TotalAmt
Fundraising$109,899FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$3,315,697TotalAmt
Management And General$3,315,697ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$16,137,232TotalAmt
Program Services$13,886,798ProgramServicesAmt
Management And General$906,878ManagementAndGeneralAmt
Fundraising$1,343,556FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,629,732TotalAmt
Program Services$2,541,280ProgramServicesAmt
Fundraising$88,452FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$11,053,945TotalAmt
Program Services$10,009,372ProgramServicesAmt
Management And General$565,605ManagementAndGeneralAmt
Fundraising$478,968FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,308,451TotalAmt
Program Services$2,123,720ProgramServicesAmt
Management And General$1,116,615ManagementAndGeneralAmt
Fundraising$68,116FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$187,648TotalAmt
Program Services$187,648ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$23,390,169TotalAmt
Program Services$22,581,040ProgramServicesAmt
Management And General$697,747ManagementAndGeneralAmt
Fundraising$111,382FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,893,064TotalAmt
Program Services$3,636,032ProgramServicesAmt
Management And General$85,573ManagementAndGeneralAmt
Fundraising$171,459FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$459,482TotalAmt
Program Services$300,793ProgramServicesAmt
Management And General$116,083ManagementAndGeneralAmt
Fundraising$42,606FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$8,730,601TotalAmt
Program Services$5,419,014ProgramServicesAmt
Management And General$3,311,587ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$16,051TotalAmt
Program Services$16,051ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$28,527,558TotalAmt
Program Services$27,462,808ProgramServicesAmt
Management And General$1,064,750ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,628,478TotalAmt
Program Services$1,628,478ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Accessions/Books/Other Art$16,400,128$16,400,128
Loss on Retirement/Defeasance$6,368,910$6,368,910
Other FF&E and Related Maintenance$5,032,650$4,635,839$391,046$5,765
Exhibition Related$2,187,744$2,187,744

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,604,734TotalAmt
Program Services$3,107,319ProgramServicesAmt
Management And General$327,694ManagementAndGeneralAmt
Fundraising$169,721FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$315,496,942TotalAmt
Program Services$270,247,158ProgramServicesAmt
Management And General$36,153,613ManagementAndGeneralAmt
Fundraising$9,096,171FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,222,174BOYAmt
EOY$4,171,591EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$71,228,009BOYAmt
EOY$64,506,600EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,843,246BOYAmt
EOY$5,752,310EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,013,470BOYAmt
EOY$4,085,307EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$4,481,199BOYAmt
EOY$4,324,145EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,207,284BOYAmt
EOY$2,145,813EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$748,197,333LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$291,254,364LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$459,844,519BOYAmt
EOY$456,942,969EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$540,607,052BOYAmt
EOY$586,938,343EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$385,580,790BOYAmt
EOY$434,307,758EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,536,405BOYAmt
EOY$2,846,927EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,489,564,148BOYAmt
EOY$1,566,021,763EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$35,112,387BOYAmt
EOY$39,182,684EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$20,100,131BOYAmt
EOY$18,715,515EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$162,038,817BOYAmt
EOY$150,560,871EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$54,000,000BOYAmt
EOY$56,800,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$46,802,325BOYAmt
EOY$33,078,402EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$318,053,660BOYAmt
EOY$298,337,472EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$155,717,157BOYAmt
EOY$195,484,832EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$590,045,113BOYAmt
EOY$631,771,739EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$425,748,218BOYAmt
EOY$440,427,720EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,171,510,488BOYAmt
EOY$1,267,684,291EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,489,564,148BOYAmt
EOY$1,566,021,763EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,814,900ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$76,172,062NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Investment Expense$0InvestmentExpenseAmt
Prior Period Adjustments$0PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$16,186,841OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$46,154,437CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$76,297,506CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$64,644,760CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$106,285,789CurrentTaxYearMinus1YearAmt
Current Tax Year$55,429,565CurrentTaxYearAmt
Total$348,812,057TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,575,830CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,613,886CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,689,620CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,732,824CurrentTaxYearMinus1YearAmt
Current Tax Year$5,644,223CurrentTaxYearAmt
Total$28,256,383TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$51,730,267CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$81,911,392CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$70,334,380CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$112,018,613CurrentTaxYearMinus1YearAmt
Current Tax Year$61,073,788CurrentTaxYearAmt
Total$377,068,440TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$27,145,842SubstantialContributorsTotAmt
Public Support Total170$349,922,598PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,073,071CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,602,085CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,794,570CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,339,909CurrentTaxYearMinus1YearAmt
Current Tax Year$11,138,842CurrentTaxYearAmt
Total$50,948,477TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$902,527CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$754,785CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$693,874CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$762,813CurrentTaxYearMinus1YearAmt
Current Tax Year$506,695CurrentTaxYearAmt
Total$3,620,694TotalAmt
FieldValueIRS element (for citing)
Total Support$431,637,611TotalSupportAmt
Gross Receipts Rltd Activities$974,036,312GrossReceiptsRltdActivitiesAmt
Public Support CY1700.8107PublicSupportCY170Pct
Public Support PY1700.8114PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

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

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

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

Substantial Contributors Amt SubstantialContributorsAmtGrp

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

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$0PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

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

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

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

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090PublicSupportCY509Pct
Private Foundation509Yes (X)PrivateFoundation509Ind

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
CY Adj Net Income Distributable$0CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income$0CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable$0CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum$0CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY$0CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted$0CYDistributableAsAdjustedAmt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10 Other IncomeFormAndLineReferenceDesc
ExplanationDESCRIPTION - FUNDRAISING EVENTS & GAMING ACTIVITIES NOT INCLUDED ELSEWHERE, COLUMN A - 902527.0, COLUMN B - 754785.0, COLUMN C - 693874.0, COLUMN D - 762813.0, COLUMN E - 506695.0, COLUMN F - 3620694.0;ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$0DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$15,093OtherActivitiesAmt
Total Lobbying Expenditures$15,093TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule C, Part II-B, Line 1gLine 1g has been answered "yes" because the School's President signed a public statement in support of upholding the Deferred Action for Childhood Arrivals Act. No expenditures were made in connection with this action.
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYThe amount in line 1i represents the Art Institute of Chicago's portion of funds utilized by Museums in the Park for lobbying activities ($13,804), a good-faith estimate of the percentage of membership dues paid to the National Association of Independent Colleges and Universities ($913), Chicagoland Chamber of Commerce ($175) that supported lobbying, estimate percentage of dues paid to the ACA International ($123) for lobbying activities on behalf of its members, percentage of dues paid to the Coalition of Higher Education Assistance Organizations ($53), estimated portion of dues paid to Choose Chicago ($22) allocated to lobbying expenses and an estimated percentage of dues paid to the American Society of Safety Engineers ($3). 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.
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYThe amount in line 1i represents the Art Institute of Chicago's portion of funds utilized by Museums in the Park for lobbying activities ($13,804), a good-faith estimate of the percentage of membership dues paid to the National Association of Independent Colleges and Universities ($913), Chicagoland Chamber of Commerce ($175) that supported lobbying, estimate percentage of dues paid to the ACA International ($123) for lobbying activities on behalf of its members, percentage of dues paid to the Coalition of Higher Education Assistance Organizations ($53), estimated portion of dues paid to Choose Chicago ($22) allocated to lobbying expenses and an estimated percentage of dues paid to the American Society of Safety Engineers ($3). 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.

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SaleYes (true)SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$970,926,874BeginningYearBalanceAmt
Contributions$24,548,779ContributionsAmt
Investment Earnings Or Losses$126,227,068InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,021,698GrantsOrScholarshipsAmt
Other Expenditures$57,793,486OtherExpendituresAmt
Administrative Expenses$3,315,697AdministrativeExpensesAmt
End Year Balance$1,056,571,840EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$962,156,186BeginningYearBalanceAmt
Contributions$85,880,530ContributionsAmt
Investment Earnings Or Losses-$15,202,998InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,803,429GrantsOrScholarshipsAmt
Other Expenditures$55,602,314OtherExpendituresAmt
Administrative Expenses$2,501,101AdministrativeExpensesAmt
End Year Balance$970,926,874EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,004,102,659BeginningYearBalanceAmt
Contributions$39,741,238ContributionsAmt
Investment Earnings Or Losses$32,661,422InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,465,407GrantsOrScholarshipsAmt
Other Expenditures$108,323,033OtherExpendituresAmt
Administrative Expenses$2,560,693AdministrativeExpensesAmt
End Year Balance$962,156,186EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$870,433,675BeginningYearBalanceAmt
Contributions$30,936,999ContributionsAmt
Investment Earnings Or Losses$149,438,324InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,248,116GrantsOrScholarshipsAmt
Other Expenditures$40,800,273OtherExpendituresAmt
Administrative Expenses$2,657,950AdministrativeExpensesAmt
End Year Balance$1,004,102,659EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$804,735,325BeginningYearBalanceAmt
Contributions$6,403,600ContributionsAmt
Investment Earnings Or Losses$104,193,471InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,098,618GrantsOrScholarshipsAmt
Other Expenditures$39,156,633OtherExpendituresAmt
Administrative Expenses$2,643,470AdministrativeExpensesAmt
End Year Balance$870,433,675EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.32BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.42PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.26TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgYes (true)EndowmentsHeldRelatedOrgInd
Related Org List Sch RYes (true)RelatedOrgListSchRInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$35,057,096OtherCostOrOtherBasisAmt
Book Value$35,057,096BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$58,517,837OtherCostOrOtherBasisAmt
Depreciation$28,101,335DepreciationAmt
Book Value$30,416,502BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$625,820,312OtherCostOrOtherBasisAmt
Depreciation$241,206,364DepreciationAmt
Book Value$384,613,948BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,718,028OtherCostOrOtherBasisAmt
Depreciation$21,946,665DepreciationAmt
Book Value$6,771,363BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$84,060OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$84,060BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$456,942,969TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Hedge Funds$276,390,813F
Venture Capital /Private Equity$94,245,065F
Real Assets$63,671,880F
FieldValueIRS element (for citing)
Total Book Value Securities$434,307,758TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Pension Liability$29,226,954
Refundable Advances$3,851,448
FieldValueIRS element (for citing)
Total Liability$33,078,402TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$418,451,530TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$76,172,061NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$1,130,731DonatedServicesAndUseFcltsAmt
Other Revenue$16,186,841OtherRevenueAmt
Revenue Not Reported$93,489,633RevenueNotReportedAmt
Revenue Subtotal$324,961,897RevenueSubtotalAmt
Investment Expenses Not Incld$3,315,697InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$8,965,752OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$5,650,055RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$319,311,842TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$322,277,728TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,130,731DonatedServicesUseFcltsAmt
Other Expenses Included$8,965,752OtherExpensesIncludedAmt
Expenses Not Reported$10,096,483ExpensesNotReportedAmt
Expenses Subtotal$312,181,245ExpensesSubtotalAmt
Investment Expenses Not Incld2$3,315,697InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$0OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$3,315,697ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$315,496,942TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 1a Collections of art - financial statement footnoteFrom page 8 of 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's acquisition funds may be classified as permanently restricted, for which only the income earned on principal balances may be used for acquisitions; temporarily restricted, for which both the principal and earned income may be used for acquisitions; or unrestricted, representing funds designated by the Board to be used for acquisitions. The 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 2013. The objects are generally offered for sale at a public auction and the proceeds from such dispositions are classified as temporarily restricted 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 collectionsThe 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 fundsThe 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) footnoteFrom page 10 of 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 $8.7 million for tax periods through June 30, 2016. The Institute does not have the ability to estimate the NOL through June 30, 2017, 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 2027 and 2036. The Institute has not recorded a tax benefit for these NOLs for the years ended June 30, 2017 and 2016, 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 2(d) Other revenues in audited financial statements not in form 990Pension-Related Changes Other Than Net Periodic Pension Cost - 16186841
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsCost of Goods Sold - -6205922 Rental Expenses - -1113659 Special Events - -1612748 Raffles - -33423
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990Cost of Goods Sold - 6205922 Rental Expenses - 1113659 Special Events - 1612748 Raffles - 33423

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYThe nondiscriminatory policy is publicized in a variety of materials, including the student bulletin, the course schedule issued each semester, initial marketing materials, and the student handbook.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTThe 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)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmtEmployeeEmployeeCnt
East Asia and the PacificProgram ServicesConf, Lectures, Other Education$27,490
Europe (Including Iceland and Greenland)Program ServicesConf, Lectures, Other Education$239,8533
North America (Canada & Mexico only)Program ServicesConf, Lectures, Other Education$91,5113
Russia and Neighboring StatesProgram ServicesConf, Lectures, Other Education$102
South AsiaProgram ServicesConf, Lectures, Other Education$5,236
South AmericaProgram ServicesConf, Lectures, Other Education$25,000
Sub-Saharan AfricaProgram ServicesConf, Lectures, Other Education$164
East Asia and the PacificProgram ServicesExhibitions$25,8513
Europe (Including Iceland and Greenland)Program ServicesExhibitions$555,8419
North America (Canada & Mexico only)Program ServicesExhibitions$24,7891
Russia and Neighboring StatesProgram ServicesExhibitions$5,415
South AsiaProgram ServicesExhibitions$189
South AmericaProgram ServicesExhibitions$16,700
Sub-Saharan AfricaProgram ServicesExhibitions$8,598
Europe (Including Iceland and Greenland)Program ServicesMarketing/Public Relations$1,600
North America (Canada & Mexico only)Program ServicesMarketing/Public Relations$757
Russia and Neighboring StatesProgram ServicesMarketing/Public Relations$64
South AmericaProgram ServicesMarketing/Public Relations$622
East Asia and the PacificProgram ServicesMember Travel$4,126
Europe (Including Iceland and Greenland)Program ServicesMember Travel$7,153
North America (Canada & Mexico only)Program ServicesMember Travel$1,993
Sub-Saharan AfricaProgram ServicesMember Travel$312
Central America and the CaribbeanProgram ServicesRecruiting$16
East Asia and the PacificProgram ServicesRecruiting$96,368
Europe (Including Iceland and Greenland)Program ServicesRecruiting$14,936
Middle East and North AfricaProgram ServicesRecruiting$2,763
North America (Canada & Mexico only)Program ServicesRecruiting$21,773
South AsiaProgram ServicesRecruiting$12,503
South AmericaProgram ServicesRecruiting$15,075
East Asia and the PacificProgram ServicesResearch$9,252
Europe (Including Iceland and Greenland)Program ServicesResearch$89,501
North America (Canada & Mexico only)Program ServicesResearch$3,017
South AsiaProgram ServicesResearch$419
Sub-Saharan AfricaProgram ServicesResearch$656
Central America and the CaribbeanProgram ServicesStudy Trips$21,890
East Asia and the PacificProgram ServicesStudy Trips$44,723
Europe (Including Iceland and Greenland)Program ServicesStudy Trips$271,161
Middle East and North AfricaProgram ServicesStudy Trips$363
South AsiaProgram ServicesStudy Trips$31,928
South AmericaProgram ServicesStudy Trips$3,118
Sub-Saharan AfricaProgram ServicesStudy Trips$1,379
Central America and the Caribbean,Passive InvestmentsN/A$311,431,602
Europe (Including Iceland and Greenland),Passive InvestmentsN/A$298,715
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees19SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee19TotalEmployeeCnt
Subtotal Spent$1,029,096SubtotalSpentAmt
Continuation Spent$312,385,428ContinuationSpentAmt
Total Spent$313,414,524TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1SD&A Teleservices IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line15757 W Century BlvdAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90045ZIPCd
FieldValueIRS element (for citing)
ActivityTelemarketingActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
Gross Receipts$124,835GrossReceiptsAmt
Retained By Contractor$109,899RetainedByContractorAmt
Net To Organization$14,936NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$124,835TotalGrossReceiptsAmt
Total Retained By Contractors$109,899TotalRetainedByContractorsAmt
Total Net To Organization$14,936TotalNetToOrganizationAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWILicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesMILicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Women's Bd Masterpiece 17Event1Nm
Gross Receipts Event1$2,600,039GrossReceiptsEvent1Amt
Charitable Contri Event1$2,498,139CharitableContriEvent1Amt
Gross Revenue Event1$101,900GrossRevenueEvent1Amt
Cash Prizes Event1$0CashPrizesEvent1Amt
Non Cash Prizes Event1$0NonCashPrizesEvent1Amt
Rent Facility Costs Event1$7,833RentFacilityCostsEvent1Amt
Food And Beverage Event1$21,663FoodAndBeverageEvent1Amt
Entertainment Event1$0EntertainmentEvent1Amt
Other Direct Expenses Event1$889,263OtherDirectExpensesEvent1Amt
Event2GSFC Annual GalaEvent2Nm
Gross Receipts Event2$376,560GrossReceiptsEvent2Amt
Charitable Contri Event2$336,060CharitableContriEvent2Amt
Gross Revenue Event2$40,500GrossRevenueEvent2Amt
Cash Prizes Event2$0CashPrizesEvent2Amt
Non Cash Prizes Event2$0NonCashPrizesEvent2Amt
Rent Facility Costs Event2$240RentFacilityCostsEvent2Amt
Food And Beverage Event2$90,208FoodAndBeverageEvent2Amt
Entertainment Event2$0EntertainmentEvent2Amt
Other Direct Expenses Event2$17,654OtherDirectExpensesEvent2Amt
Other Events Total9OtherEventsTotalCnt
Gross Receipts Other Events$1,296,467GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$949,412CharitableContriOtherEventsAmt
Gross Revenue Other Events$347,055GrossRevenueOtherEventsAmt
Cash Prizes Other Events$0CashPrizesOtherEventsAmt
Non Cash Prizes Other Events$79,092NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$17,868RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$233,517FoodAndBeverageOtherEventsAmt
Entertainment Other Events$0EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$255,410OthDirectExpnssOtherEventsAmt
Gross Receipts Total$4,273,066GrossReceiptsTotalAmt
Charitable Contributions Tot$3,783,611CharitableContributionsTotAmt
Gross Revenue Total Events$489,455GrossRevenueTotalEventsAmt
Cash Prizes Total Events$0CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$79,092NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$25,941RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$345,388FoodAndBeverageTotalEventsAmt
Entertainment Total Events$0EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$1,162,327OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$1,612,748DirectExpenseSummaryEventsAmt
Net Income Summary-$1,123,293NetIncomeSummaryAmt

Gaming Information GamingInformationGrp

FieldValueIRS element (for citing)
Gross Revenue Other Gaming$17,240GrossRevenueOtherGamingAmt
Oth Direct Expnss Other Gaming$33,423OthDirectExpnssOtherGamingAmt
Volunteer Labor Other GamingYes (true)VolunteerLaborOtherGamingInd
Volunteer Labor Other Gaming1.0VolunteerLaborOtherGamingPct
Gross Revenue Total Gaming$17,240GrossRevenueTotalGamingAmt
Oth Direct Expnss Total Gaming$33,423OthDirectExpnssTotalGamingAmt
FieldValueIRS element (for citing)
States Where Gaming ConductedILStatesWhereGamingConductedCd
LicensedYes (true)LicensedInd
License Suspended EtcfalseLicenseSuspendedEtcInd
Gaming With NonmembersYes (true)GamingWithNonmembersInd
Member Of Other EntityfalseMemberOfOtherEntityInd
Gaming Own Facility0.67GamingOwnFacilityPct
Gaming Other Facility0.33GamingOtherFacilityPct
Individual With BooksDeborah JohnstonIndividualWithBooksNm

Persons With Books US Address PersonsWithBooksUSAddress

FieldValueIRS element (for citing)
Address Line1111 South Michigan AvenueAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
Cntrct With3rd Prty For Game RevfalseCntrctWith3rdPrtyForGameRevInd

Gaming Manager Business Name GamingManagerBusinessName

FieldValueIRS element (for citing)
Business Name Line1Shannon BurkeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Gaming Manager Compensation$0GamingManagerCompensationAmt
Gaming Manager Services ProvNo employee is compensated as a gaming manager. Individuals listed as gaming manager on line 16 are responsible for the record-keeping of events that have a gaming component.GamingManagerServicesProvTxt
Gaming Manager Is EmployeeYes (X)GamingManagerIsEmployeeInd
Charitable Distribution RqrfalseCharitableDistributionRqrInd
Distributed$0DistributedAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule G, Part I, Line 2b(v) payment of fees or payment of expensesSD&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 $68,137 AND $41,762 RESPECTIVELY.;
Schedule G, Part III, Line 16 Additional Gaming Manager InformationGAMINGMANAGERBUSINESSNAME=DIONNE SMITH,GAMINGMANAGERSERVICESPROVTXT=NO EMPLOYEE IS COMPENSATED AS A GAMING MANAGER. INDIVIDUALS LISTED AS GAMING MANAGER ON LINE 16 ARE RESPONSIBLE FOR THE RECORD-KEEPING OF EVENTS THAT HAVE A GAMING COMPONENT.,GAMINGMANAGERISEMPLOYEEIND;

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

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

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
Faculty Enrichment Grants59$101,055N/AN/A
Student Scholarships and Stipends3318$42,686,811N/AN/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationScholarships 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

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (22 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
James Rondeau
President, Museum$505,755$0$0$0$19,280$0$60,000$0$8,860$0$593,895$0$0$0
Elissa Tenny
President, School$385,909$0$0$0$48,323$0$23,850$0$1,526$0$459,608$0$0$0
Julia Getzels
EVP & General Counsel$376,362$0$0$0$71,270$0$82,000$0$26,607$0$556,239$0$0$0
Alison Sowden
Executive VP & CFO$350,084$0$0$0$24,793$0$23,850$0$16,189$0$414,916$0$0$0
David Thurm
COO, Museum$436,406$0$0$0$42,577$0$23,850$0$30,109$0$532,942$0$0$0
Lisa Wainwright
Dean of Faculty/VP Acad Admin$246,872$0$0$0$1,058$0$22,996$0$25,422$0$296,348$0$0$0
Brian Esker
VP of Finance & Admin, School$215,763$0$0$0$18,515$0$65,000$0$10,430$0$309,708$0$0$0
Jeanne Ladd
VP of Museum Finance$134,434$0$0$0$231,632$0$60,000$0$16,145$0$442,211$0$0$0
Rose Milkowski
VP for Enrollment Management$213,373$0$0$0$455$0$19,447$0$3,511$0$236,786$0$0$0
Thomas Buechele
VP for Campus Operations, School$191,507$0$0$0$1,336$0$60,000$0$26,029$0$278,872$0$0$0
Evelyn Jeffers
VP for Museum Development$447,767$0$0$0$28,016$0$23,850$0$24,392$0$524,025$0$0$0
Michael Nicolai
Chief Human Resources Officer$191,409$0$0$0$21,036$0$48,000$0$29,773$0$290,218$0$0$0
Andrew Simnick
Sr VP for Finance, Strategy, & Ops$178,164$0$0$0$954$0$16,722$0$14,253$0$210,093$0$0$0
Sarah Guernsey
Deputy Director, Curatorial Affairs$152,742$0$0$0$516$0$34,000$0$24,697$0$211,955$0$0$0
Martha Tedeschi
Deputy Director, Art & Research$110,811$0$0$0$1,224$0$36,000$0$13,996$0$162,031$0$0$0
Gordon Montgomery
VP of Marketing$211,299$0$0$0$4,742$0$19,100$0$21,369$0$256,510$0$0$0
Judith Kirshner
Deputy Director Education$54,896$0$200,000$0$1,446$0$4,050$0$364$0$260,756$0$66,666$0
Eugene Adams
Chief Information Officer$196,981$0$0$0$20,067$0$73,000$0$29,334$0$319,382$0$0$0
Deborah Johnston
Controller$197,458$0$0$0$6,687$0$18,750$0$17,270$0$240,165$0$0$0
Paul Coffey
Vice Provost$201,374$0$0$0$2,112$0$63,000$0$27,048$0$293,534$0$0$0
Douglas Druick
Former President, Museum$67,438$0$0$0$521,832$0-$44,000$0$3,204$0$548,474$0$0$0
Walter Massey
Chancellor, Former President, SAIC$428,204$0$0$0$44,236$0$27,609$0$12$0$500,061$0$0$0

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travelFirst class travel is allowed under limited circumstances as set forth in the travel policy.
Schedule J, Part I, Line 1a Travel for companionsThe 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 useThe 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 feesAthletic, 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 paymentThe following individuals received severance payments: Douglas Druick amount paid in calendar year 2016 of $291,284 Jeanne Ladd amount paid in calendar year 2016 of $214,406
Schedule J, Part I, Line 4b Supplemental nonqualified retirement planAs noted in page 25 of 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: Douglas Druick amount paid in calendar year 2016 of $200,000 Walter Massey amount paid in calendar year 2016 of $26,236 Julia E. Getzels amount paid in calendar year 2016 of $51,449 David Thurm amount paid in calendar year 2016 of $17,196 Elissa Tenny amount paid in calendar year 2016 of $3,514 Eve Jeffers amount paid in calendar year 2016 of $7,870 Alison Sowden amount paid in calendar year 2016 of $4,200 Gordon Montgomery amount paid in calendar year 2016 of $4,060

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
Illinois Finance Authority
A86109196745200FVM82009-03-26$139,158,000Construction/Renovation of Museum FacilitiesYes (true)falsefalse
Illinois Finance Authority
B86109196745200F3N72010-06-09$113,537,854Refund 10/15/1992, 2/23/1995, and 3/27/1996 Bonds; Adv Refund Portion of 2/9/2000 Series 2000A Bondsfalsefalsefalse
Illinois Finance Authority
C86109196745203HMP42012-10-18$66,292,422Advance refund portions of 3/18/98 Srs 1998A, 2/9/00 Srs 2000A, 7/9/03 Srs 2003A, 5/20/10 Srs 2010Bfalsefalsefalse
Illinois Finance Authority
D86109196745204EHD32016-08-25$42,808,133Advance refund Series 2009A Bonds issued 3/26/2009falsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndWorking Capital ExpendituresWorkingCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmt
A$80,000,000$40,000,000$139,158,000$1,855,854$139,158,0002009falsefalseYes (true)Yes (true)
B$60,595,000$113,537,854Yes (true)Yes (true)Yes (true)Yes (true)$5,986$113,531,868
C$26,000,000$66,292,422falseYes (true)Yes (true)Yes (true)$66,292,422
D$42,808,133falseYes (true)Yes (true)Yes (true)$174,652$42,803,373$4,760

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalse0.00.00.0falsefalseYes (true)
B0.0
Cfalsefalsefalsefalse0.00.00.0falsefalseYes (true)
Dfalsefalsefalsefalse0.00.00.0falsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalsefalseYes (true)falseYes (true)falsefalseYes (true)Yes (true)
BfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
CfalseYes (true)falsefalsefalsefalsefalsefalseYes (true)
DfalseYes (true)falsefalsefalsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part II, Line 9 Column BThis amount differs slightly from what was shown on the 8038 Form that was filed for the bonds.
Schedule K, Part II, Line 11 Column BThis amount differs slightly from what was shown on the 8038 Form that was filed for the bonds.
Schedule K, Part IV, Line 2c Column BBased on the rebate computation completed on 7/24/2015, no rebate is due.
Schedule K, Part IV, Line 3 Column AA portion of the Series 2009 Bonds were originally variable rate as shown on the 8038 Form; however, this variable rate portion has been refunded so the remaining bonds are fixed rate.
Schedule K, Part IV, Line 6 Columns B & DThis question is being answered without regard to yield-restricted advance refunding escrow financed with proceeds of the bonds.
Schedule K, Part IV, Line 6 Column ASuch amounts were appropriately yield-restricted.
Schedule K, Part IV, Line 2c COLUMN BIssuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 07/24/2015

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Peter HaratonikBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionFamily Member of Elissa Tenny, Current OfficerRelationshipDescriptionTxt
Transaction$23,180TransactionAmt
TransactionEmployee CompensationTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution707ContributionCnt
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt
Method Of Determining RevenuesOther - See Part IIMethodOfDeterminingRevenuesTxt

Art Fractional Interest ArtFractionalInterestGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution57ContributionCnt
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt
Method Of Determining RevenuesOther - See Part IIMethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$32,919NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution187ContributionCnt
Noncash Contributions Rpt F990$6,159,896NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Dept'l Supplies19$17,465Market value
Yes (X)Special Events164$118,174Market value
Yes (X)Audio Visual Equip1$23,874Market value
FieldValueIRS element (for citing)
Form8283 Received21Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule M, Part I, Line 1The 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, Line 3The 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, Line 32b Third parties used to solicit, process, or sell noncash contributionsThe Institute utilizes its investment custodian Northern Trust to receive and sell stock gifts made to the organization.
Schedule M, Part I Explanations of reporting method for number of contributionsArt - Works of art - Number of items contributed Art - Fractional interests - Number of items contributed Securities - Publicly traded - Number of contributions received Other - Dept'l Supplies Number of items contributed Other - Special Events Number of items contributed Other - Audio Visual Equip Number of items contributed

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (14 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 1 Organization MissionThe 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 PropertyThe 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 EmployeesFor 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 2 Family/business relationships amongst interested personsCaryn Harris and Stephanie Field Harris - Family relationship, Walter Massey and Cary McMillan - Business relationship, Neil Bluhm, John Jordan II, and James Gordon - Business relationship, A. Steven Crown and Robert Levy - Business relationship, Sarah N. Garvey and Eric McKissack - Business relationship, Matthew R. Gibson and Thomas Pritzker - Business relationship, Kenneth Griffin and James Gordon - Business relationship, Adnaan Hamid and Prabhakant Sinha - Business relationship, Jay Frederick Krehbiel and David Vitale - Business relationship, Jay Frederick Krehbiel and Sam Mencoff - Business relationship, Jay Frederick Krehbiel and A. Steven Crown - Business relationship, Robert Levy and Neil Bluhm - Business relationship, Thomas Pritzker and Cary McMillan - Business relationship, Cary McMillan and Reeve Waud - Business relationship, Shirley Welsh Ryan and Reeve Waud - Business relationship, Sophia Shaw, Lawrence Levy, Scott Santi, and Rick Waddell - Business relationship
Form 990, Part VI, Line 4 Significant changes to organizational documentsThe Institute's by laws were amended on September 13, 2016. The material changes resulting from those amendments are as follows. First, the number of elected trustees increased to a range of 69 to 74, from a previous range of 41 to 46. Second, the term of office of any elected trustee automatically expires at the Annual Meeting of the Board of Trustees following his or her 80th birthday (previously 70th birthday). Upon reaching this age limit, a Trustee will become eligible to become a Trustee Emeritus, as voted on by the Trustees. Third, any Trustee, Trustee Emeritus, Governor of the School, committee member, Chair of the Board of Governors or committee chair may be removed at any regular or special meeting of the Board by an affirmative vote by the majority of the Trustees present at a meeting at which there is a quorum. Fourth, the positions of President and Director of the Museum, the President of the School, the Executive Vice President, General Counsel, and Secretary, and the Executive Vice President and Chief Financial Officer shall be elected by the Board of Trustees when they enter in office and shall not require re-election thereafter. The Institute's by laws were amended again on April 20, 2017 to specify that the Treasurer of the Board of Trustees will be a voting member and the Chair of the Finance Committee, but cannot be a voting member of the Audit and Risk Committee.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyThe 990 is prepared internally by the Institute's Accounting Office and reviewed in detail by the CFO and and 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 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 Committee Chair. Any questions or concerns identified by the Audit 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 from 990 has been distributed, management and staff file the final Form 990 as required.
Form 990, Part VI, Line 12c Conflict of interest policyUnder 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 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 officialThe 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 Vice President for Human Resources 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 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 publicThe 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 Genera'ls' 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 WeekThe 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 VII, Section A Officers CompensationThe negative amount shown in Column F represents a decrease in the actuarial valuation of defined benefit pension plan benefits. Previous period calculations were based on assumptions derived from actuarial estimates. Last year's calculation used known factors for retirement date, method of payment, and other elections. The current known factors resulted in a decrease in the previously calculated benefit.
Form 990, Part VIII, Line 2f Other Program Service RevenueAll other program service revenue - Total Revenue: 4857433, Related or Exempt Function Revenue: 4857433, 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 balancesPension Related Changes Other Than Net Periodic Pension Cost - 16186841;
Schedule B, 501(c)(3) Special Rule Explanation Special Rules, Box 1The 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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
AICCB LLC
111 South Michigan AvenueChicagoIL60603205052348InvestmentsDE$1,233,323$1,200,000The Art Institute of Chicago
AICGS LLC
111 South Michigan AvenueChicagoIL60603362167725InvestmentsDE$904,744$2,683,000The Art Institute of Chicago
AICHP LLC
111 South Michigan AvenueChicagoIL60603362167725InvestmentsDE$0$1,184,939The Art Institute of Chicago
AIC AA LLC
111 South Michigan AvenueChicagoIL60603362167725InvestmentsDE$723,703$1,881,203The Art Institute of Chicago
AIC AX LLC
111 South Michigan AveueChicagoIL60603362167725InvestmentsDE$584,193$803,131The Art Institute of Chicago
AIC BLK LLC
111 South Michigan AvenueChicagoIL60603362167725InvestmentsDE$2,864,987$2,059,214The Art Institute of Chicago
AIC MS LLC
111 South Michigan AveuneChicagoIL60603362167725InvestmentsDE$0$1,482,450The Art Institute of Chicago
AIC GS MEZZ LLC
111 South Michigan AvenueChicagoIL60603362167725InvestmentsDE$27,150$466,300The Art Institute of Chicago
AIC Ventures LLC
111 South Michigan AvenueChicagoIL60603900708171ConsultingIL$0$0The Art Institute of Chicago

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdLegal Domicile StateLegalDomicileStateCd
AIC - PP INC
190 Elgin AvenueGeorge TownGrand CaymanCJKY19005980574645InvestmentsCJThe Art Institute of ChicagoC Corporation$0$11Yes (true)
Perpetual Trusts
FundraisingThe Art Institute of ChicagoYes (true)Held by Third Parties 7ChicagoIL60603IL
Charitable Remainder Trust
FundraisingThe Art Institute of ChicagoYes (true)1ChicagoIL60603IL
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd