2015-08-10T17:15:37-05:00 2014-12-31 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 28th Floor Chicago IL 606015927 990 2014-01-01 363480353 Chicago Public Library Foundation % BETH ZACHARA CHIC 3122019830 20 North Michigan Ave Suite 520 Chicago IL 60602 RHONA FRAZIN PRESIDENT & CEO 3122019830 2015-07-30 true Mark Heroux P00959793 3127298000 2014 2016-04-25 22:37:26Z Rhona Frazin 20 North Michigan Ave Ste 520 Chicago IL 60602 9631724 false X www.cplfoundation.org X 1986 IL ENRICHING RESOURCES, TECHNOLOGY AND PROGRAMS AT CHICAGO PUBLIC LIBRARY'S 79 BRANCHES. 48 46 9 40 0 6667445 4831984 0 0 552133 737385 -214547 -234459 7005031 5334910 0 0 0 0 789052 869173 44956 120323 982208 5795741 5397536 6629749 6387032 375282 -1052122 33248086 32661394 473067 404458 32775019 32256936 SUPPORTS COLLECTION DEVELOPMENT, PROGRAMS AND TECHNOLOGY INITIATIVES THAT CONNECT LIBRARY USERS TO THEIR COMMUNITY AND TO THE WORLD AND ENSURES THAT ALL CHICAGOANS HAVE THE FREEDOM TO READ, TO LEARN AND TO DISCOVER AT THE CHICAGO PUBLIC LIBRARY. false false 2556777 HELP CHILDREN BUILD ACADEMIC SUCCESS AND A LOVE OF READING THROUGH SUMMER LEARNING CHALLENGE, TEEN LEARNING, EARLY LITERACY, GREAT KIDS READ, SCIENCE CONNECTIONS AND TEACHERS IN THE LIBRARY. 1162915 PROVIDE FUNDING FOR PUBLIC ACCESS TO INFORMATION RESOURCES AND TECHNOLOGY, INCLUDING CYBERNAVIGATORS, AS WELL AS INITIATIVES TO KEEP THE CHICAGO PUBLIC LIBRARY RELEVANT TO THE LIVES OF ALL CHICAGOANS. 1106468 EXPAND LIBRARY COLLECTIONS AND CREATE OPPORTUNITIES TO DISCUSS BOOKS AND IDEAS THROUGH PROGRAMS SUCH AS ONE BOOK, ONE CHICAGO. 4826160 true true false false false false true false true true true false false false true true false false false false false false false true false false false false true false false false false false false false true true false false false false false false false false true 52 0 9 true false false false false false true true false false false false X 48 46 false false false false false true false true true false false true true true true true true true false false IL X X X BETH ZACHARA 3122019830 20 N MICHIGAN AVE SUITE 520 Chicago IL 60602 Trisha Rooney Vice Chair 1.0 0.0 X X 0 0 0 John L Brennan Life Director 1.0 0.0 X 0 0 0 Marcy R Carlin Director 1.0 0.0 X 0 0 0 Michelle L Collins Vice Chair 2.0 0.0 X X 0 0 0 James R Donnelley Past Chairman 5.0 0.0 X X 0 0 0 Charlie A Schrock Director 1.0 0.0 X 0 0 0 Maureen Dwyer Smith Director 1.0 0.0 X 0 0 0 Linda J Stephans Director 1.0 0.0 X 0 0 0 Dia S Weil Life Director 1.0 0.0 X 0 0 0 Robert A Wislow Chairman 5.0 0.0 X X 0 0 0 Frances R Dittmer Life Director 1.0 0.0 X 0 0 0 Leslie S Douglass Life Director 1.0 0.0 X 0 0 0 James F Feldstein Life Director 1.0 0.0 X 0 0 0 Marshall Field Life Director 1.0 0.0 X 0 0 0 Stanley M Freehling Life Director 1.0 0.0 X 0 0 0 J Ira Harris Life Director 1.0 0.0 X 0 0 0 Frank A Rossi Life Director 1.0 0.0 X 0 0 0 Ella D Strubel Life Director 1.0 0.0 X 0 0 0 Audrey Bables Tuggle Life Director 1.0 0.0 X 0 0 0 Rhona Frazin President and CEO 40.0 0.0 X X 196000 0 34449 Thomas M Carroll Secretary 1.0 0.0 X 0 0 0 David R Casper Vice Chair 2.0 0.0 X X 0 0 0 DAVID A DOHNALEK DIRECTOR 1.0 0.0 X 0 0 0 KAREN J GREEN DIRECTOR 1.0 0.0 X 0 0 0 JOHN J GRESENS DIRECTOR 1.0 0.0 X 0 0 0 SUREN GUPTA DIRECTOR 1.0 0.0 X 0 0 0 LINDA JOHNSON RICE DIRECTOR 1.0 0.0 X 0 0 0 Kandace Heck Treasurer 1.0 0.0 X 0 0 0 Sheila Owens Director 1.0 0.0 X 0 0 0 Jodi Block Director 1.0 0.0 X 0 0 0 Jeffrey Kunkel Director 1.0 0.0 X 0 0 0 Carlette McMullan Director 1.0 0.0 X 0 0 0 Dina Yaghmai Director 1.0 0.0 X 0 0 0 196000 0 34449 1 false true false 0 1182372 3649612 121610 4831984 0 503922 503922 0 0 0 0 0 4202011 3968548 233463 233463 233463 88400 1182372 328266 -239866 -239866 0 0 MISCELLANEOUS INCOME 900099 5407 5407 5407 5334910 502926 0 0 0 0 240646 120323 120323 0 582243 189476 392767 60641 20744 39897 62419 21347 41072 43547 14415 29132 0 2087 2087 45191 45191 0 0 0 1221464 1136814 32341 52309 352328 288272 725 63331 11401 6058 5343 216783 195409 10867 10507 0 55432 2177 20385 32870 292887 248213 4690 39984 0 17949 8375 8341 1233 0 0 0 9682 4324 5358 CYBERNAVIGATORS 1381855 1381855 PRINTING & DESIGN 118226 113648 76 4502 TEACHERS IN THE LIBRARY 698631 698631 BOOKS/SUBSCRIPTIONS/PUBLICATIO 247464 240001 7463 726156 512765 77274 136117 6387032 4826160 578664 982208 257263 324346 313067 52647 2420736 1765879 0 0 0 0 0 0 0 0 0 0 5176 300759 50148 50148 0 30223506 18974709 24976 11240869 0 0 0 0 3362 2185 33248086 32661394 473067 404458 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 473067 404458 X 17094017 17096147 7039120 6518907 8641882 8641882 32775019 32256936 33248086 32661394 -1052122 354448 211644 -32053 X false true X true false X 5743438 3951641 3474806 6667455 4822884 24660224 0 0 5743438 3951641 3474806 6667455 4822884 24660224 3048270 21611954 279184 278346 281465 364759 503922 1707676 0 98924 81543 93014 104306 93807 471594 26839494 0.80523 0.80893 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false false false 12090349 705336 1269347 11526338 12778070 522906 1210627 12090349 13682218 253447 30000 1127595 12778070 16566841 8 -1714802 1169829 13682218 16933104 7818 789927 1164008 16566841 0.08600 0.91400 false false 50148 50148 HEDGED EQUITY FUND 11240869 F 11240869 0 0 X 5868949 354448 211644 566092 5302857 32053 32053 5334910 6566623 211644 211644 6354979 32053 32053 6387032 Form 990, Schedule D, Part III, Line 1a and Line 4: The Foundation has adopted a policy of capitalizing collections at a nominal value in its financial statements. Although the financial statements do not disclose the cumulative value of collections, certain artwork received in 1991 as an unrestricted donation has been cataloged and preserved. Since 2003 the artwork has been displayed, on permanent loan, in the Joan W. and Irving B. Harris Theater for Music and Dance. The Theater carries a $2 million insurance policy on this artwork. Schedule D, Part V, Line 4 The Foundation adopted a spending policy directed at meeting current operational budget requirements. The Foundation's policy has been to expend 4.5% of a four-year rolling average of the market value of the Foundation's investments as of each December 31, as audited. Endowment yields that are in excess of the spending policy are returned to the endowment and reinvested. However, if endowment yields are not sufficient to support the spending policy, the balance is provided from realized capital gains. The difference between the actual yield on endowment investments and the spending rate is reported as a nonoperating excess or deficit. Schedule D, Part X, Line 2: The Foundation follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Foundation for uncertain tax positions as of December 31, 2014 and 2013. The Foundation's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2011 and thereafter are open to examination by federal and state authorities. CSLA Dinner 1270772 1182372 88400 32500 107019 2842 185905 1 1270772 1182372 88400 32500 107019 2842 185905 328266 -239866 X true true X false false false false false false false false false Rhona Frazin President and CEO 196000 0 0 0 0 0 19600 14849 230449 0 0 Schedule J, Part I, Line 1b: As of January 1, 2011, the board approved a change in the terms of Rhona Frazin's [Foundation President & CEO], University Club membership. Since the majority of Club use is for business purposes, monthly membership and related assessments will be paid in full by the Foundation. Rhona will continue to pay all non-business related food and other charges. 12 N Venture LLC % owned by Robert Wislow 38765 Rent & maintenance work orders false US Equities Asset Management LLC % owned by Robert Wislow 65960 CPL-YOUMedia security services false false false false Part VI, Section A, Line 7a CANDIDATES FOR MEMBERS OF THE BOARD OF DIRECTORS AND TO FILL VACANCIES ON THE BOARD OF DIRECTORS SHALL BE NOMINATED BY THE GOVERNANCE COMMITTEE. ADDITIONAL NOMINATIONS MAY BE MADE BY ANY MEMBER OF THE BOARD OF DIRECTORS. Part VI, Section B, 11b A COPY OF FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS ELECTRONICALLY BEFORE IT IS FILED. BOARD MEMBERS REVIEW AND COMMENT ON THE RETURN. THE RETURN IS FILED AFTER REVIEW FROM THE BOARD OF DIRECTORS. Part VI, Section B, 12c THE FOUNDATION REQUIRES DIRECTORS AND KEY EMPLOYEES TO FILL OUT AN ANNUAL QUESTIONNAIRE TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. Part VI, Section B, 15a EXECUTIVE COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS USING COMPARABILITY DATA. Part VI, Section C, 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WILL BE PROVIDED UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER SERVICES TOTAL FEES:1221464 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:HONORARIA TOTAL EXPENSES:108490 PROGRAM SERVICES:108490 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:COPIER TOTAL EXPENSES:5809 MANAGEMENT AND GENERAL:1803 FUNDRAISING:4006 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DUES TOTAL EXPENSES:11484 MANAGEMENT AND GENERAL:2358 FUNDRAISING:9126 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SPECIAL EVENTS TOTAL EXPENSES:373957 PROGRAM SERVICES:373957 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE TOTAL EXPENSES:14772 PROGRAM SERVICES:52 MANAGEMENT AND GENERAL:562 FUNDRAISING:14158 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DONATED SERVICES TOTAL EXPENSES:211644 PROGRAM SERVICES:30266 MANAGEMENT AND GENERAL:72551 FUNDRAISING:108827