ART INSTITUTE OF CHICAGO: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ART INSTITUTE OF CHICAGO (EIN 36-2167725)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-07
- IRS object ID
- 201331279349301358
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-07T13:27:32-07:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 SOUTH WACKER DRIVE | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606064301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362167725 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Art Institute of Chicago | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ARTI | NameControl |
| Phone | 3124433600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 South Michigan Avenue | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Patricia Rowlands Lawson | Name |
| Title | Controller | Title |
| Date Signed | 2013-05-07 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DELOITTE TAX LLP | Name |
| Phone | 3124861000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Eric Anyah | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 South Michigan Avenue | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 566433822 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.artic.edu and www.saic.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1879 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | To found, build, maintain and operate museums, schools, and libraries of art and theatres. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 45 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 42 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3237 | TotalNbrEmployees |
| Total Nbr Volunteers | 819 | TotalNbrVolunteers |
| Total Gross UBI | 826334 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -1059661 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 79911597 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 62275319 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 214444567 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 154790347 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 94124670 | InvestmentIncomePriorYear |
| Investment Income Current Year | 11886523 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 8604127 | OtherRevenuePriorYear |
| Other Revenue Current Year | 13403566 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 397084961 | TotalRevenuePriorYear |
| Total Revenue Current Year | 242355755 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 30538203 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 31571808 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 94840270 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 97805784 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 252414 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 152059 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 6192438 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 187280546 | OtherExpensePriorYear |
| Other Expenses Current Year | 113608822 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 312911433 | TotalExpensesPriorYear |
| Total Expenses Current Year | 243138473 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 84173528 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -782718 | RevenuesLessExpensesCY |
| Total Assets BOY | 1414483069 | TotalAssetsBOY |
| Total Assets EOY | 1351684071 | TotalAssetsEOY |
| Total Liabilities BOY | 408370577 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 395654569 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1006112492 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 956029502 | NetAssetsOrFundBalancesEOY |
| Mission Description | The Art Institute of Chicago's primary exempt purpose is 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 127056708 | Expense |
| Grants | 31509350 | Grants |
| Revenue | 132357999 | Revenue |
| Description | The School of the Art Institute is an accredited post-secondary institution of higher learning which provides both graduate and undergraduate study. This curriculum provides for the preparation of visual artists, teachers of art, designers and others in areas that include written, spoken, and media formats. Overall full-time-equivalent enrollment of degree-seeking students was 2,858. The curriculum has attracted students from over 50 countries. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 88009044 | Expense |
| Grants | 62458 | Grants |
| Revenue | 31109384 | Revenue |
| Description | The Museum provides a variety of educational programs focusing on the collection, conservation, research, publication, exhibition, and interpretation of the museum's internationally significant permanent collection of art. The Museum also presents temporary exhibitions of international importance, which include loaned objects from other collections. Included in the exhibition programming for fiscal year 2012 were several non-ticketed temporary exhibitions, including Roy Lichtenstein: A Retrospective; Rethinking Typologies: Architecture and Design; Bertrand Goldberg: Architecture of Invention; Avant-Garde Art in Everyday Life; and Windows on the War: Soviet TASS Posters and Home and Abroad. During fiscal year 2012, the Museum served 1.4 million visitors. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 215065752 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | true | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | true | InvestTaxExemptBonds |
| Escrow Account | true | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 857 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 1 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 3237 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 45 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 42 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | true | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Patricia Rowlands Lawson | NamePerson |
| Telephone Number | 3124994050 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 South Michigan Avenue | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (68 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Todd Warnock | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Frederick H Waddell | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| David J Vitale | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Byron D Trott | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Marilynn Thoma | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Melinda Martin Sullivan | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Edward Byron Smith Jr | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Prabhakant Sinha | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Stephanie Sick | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Michael Sacks | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| John W Rowe | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Andrew M Rosenfield | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Linda Johnson Rice | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dana D Rice | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| J Christopher Reyes | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Mark Pu | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Thomas J Pritzker | |||||||||
| Chairman | 1.00 | X | 0 | 0 | 0 | ||||
| Anne Pramaggiore | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Paulita Pike | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Cynthia Perucca | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Alexandra C Nichols | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Samuel M Mencoff | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Cary D McMillan | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Eric T McKissack | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Nancy Lauter McDougal | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| John Manley | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Robert M Levy | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Lawrence F Levy | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Eric P Lefkofsky | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Rita Knox | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| John W Jordan II | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Caryn Harris | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Ann Grube | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Joseph P Gromacki | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Kenneth C Griffin | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| James A Gordon | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Sarah Nava Garvey | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Denise B Gardner | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Karen Frank | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Marshall Field | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| John A Edwardson | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Janet Duchossois | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| William M Daley | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| A Steven Crown | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Lester N Coney | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Francie Comer | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Linda Buonanno | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Robert H Bergman | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Anne Searle Bent | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Eric Anyah | |||||||||
| CFO | 40.00 | 260399 | 0 | 42235 | X | ||||
| Julia E Getzels | |||||||||
| Vice President | 40.00 | 313817 | 0 | 63324 | X | ||||
| Douglas Druick | |||||||||
| President | 40.00 | 325212 | 0 | 85785 | X | ||||
| Walter E Massey | |||||||||
| President | 40.00 | 505625 | 0 | 0 | X | ||||
| Rose Milkowski | |||||||||
| VP for Enrollment Mgmt | 40.00 | 170327 | 0 | 17480 | X | ||||
| Lisa Wainwright | |||||||||
| Faculty Dean/VP Acad Admin | 40.00 | 196998 | 0 | 32717 | X | ||||
| Elizabeth Grainer | |||||||||
| VP of Aux Ops | 40.00 | 180336 | 0 | 60667 | X | ||||
| Elizabeth Hurley | |||||||||
| VP for Museum Development | 40.00 | 239901 | 0 | 27768 | X | ||||
| Elissa Tenny | |||||||||
| Provost/SVP Acad Affairs | 40.00 | 306217 | 0 | 22050 | X | ||||
| Edward McNulty | |||||||||
| SVP/Planning/COO SAIC | 40.00 | 280647 | 0 | 48603 | X | ||||
| David Thurm | |||||||||
| COO Museum | 40.00 | 400276 | 0 | 41538 | X | ||||
| Andrea Reynders | |||||||||
| Chair Fashn Design | 40.00 | 243034 | 0 | 9557 | X | ||||
| Eugene Adams | |||||||||
| VP of IS/CIO | 40.00 | 192504 | 0 | 53106 | X | ||||
| Brian Esker | |||||||||
| VP Fin/Admn SAIC | 40.00 | 184822 | 0 | 32814 | X | ||||
| Samuel Quigley | |||||||||
| VP, CMIIT | 40.00 | 179137 | 0 | 27440 | X | ||||
| Carrie Heinonen | |||||||||
| VP for Marketing | 40.00 | 181557 | 0 | 9997 | X | ||||
| Wellington Reiter | |||||||||
| Former President of SAIC | 40.00 | 140125 | 0 | 0 | X | ||||
| Anthony Jones | |||||||||
| Former President of SAIC | 40.00 | 151548 | 0 | 17000 | X | ||||
| James Cuno | |||||||||
| Former President of Museum | 40.00 | 607873 | 0 | 29260 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 5060355 | TotalReportableCompFromOrg |
| Total Other Compensation | 621341 | TotalOtherCompensation |
| Number Individuals GT100 K | 79 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| US Equities Asset Mgmt LLC | |||||
| 20 N Michigan Ave 400 | Chicago | IL | 60602 | Bldg Maint Services | 1649571 |
| Lakeshore Waste Services LLC | |||||
| 6132 Oakton St | Morton Grove | IL | 60053 | Recycle Waste Srvcs | 205010 |
| Hirtle Callaghan LLC | |||||
| 300 Barr Harbor Dr | West Conshohocken | PA | 19428 | Investmnt Advsr/Mgmt | 274509 |
| Harris Winick LLP | |||||
| 333 W Wacker Dr2060 | Chicago | IL | 60606 | Attorney Services | 823775 |
| Deloitte & Touche LLP | |||||
| 111 S Wacker Dr | Chicago | IL | 60606 | Audit Services | 288618 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Membership Dues | 11081458 | MembershipDues |
| Fundraising Events | 2681328 | FundraisingEvents |
| Government Grants | 11285046 | GovernmentGrants |
| All Other Contributions | 37227487 | AllOtherContributions |
| Noncash Contributions | 6295536 | NoncashContributions |
| Total Contributions | 62275319 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and Fees | 611600 | 128598123 | 128598123 |
| Proceeds from Sale of Art | 900099 | 9701901 | 9701901 |
| Other Restricted Prog Rev | 900099 | 1661963 | 1661963 |
| Museum Admissions | 900099 | 9568375 | 9568375 |
| Member Program Revenues | 900099 | 1104446 | 1104446 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4155539 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3298280 | RelatedOrExemptFunctionIncome |
| Exclusion | $857,259 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 154790347 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7981987 | TotalRevenueColumn |
| Exclusion | $7,981,987 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 206719 | TotalRevenueColumn |
| Exclusion | $206,719 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2653588 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1051464 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1602124 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1602124 | TotalRevenueColumn |
| Unrelated Business Revenue | 184130 | UnrelatedBusinessRevenue |
| Exclusion | $1,417,994 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 317485316 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 313580780 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3904536 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3904536 | TotalRevenueColumn |
| Exclusion | $3,904,536 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 801132 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 2681328 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 1664779 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -863647 | TotalRevenueColumn |
| Exclusion | -$863,647 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 19260 | GrossIncomeGaming |
| Gaming Direct Expenses | 25973 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -6713 | TotalRevenueColumn |
| Exclusion | -$6,713 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 15261431 | GrossSalesOfInventory |
| Cost Of Goods Sold | 7755071 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7506360 | TotalRevenueColumn |
| Related Or Exempt Function Income | 6177036 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1329324 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|---|
| Other Invest. Inc (Loss) | 900099 | 2458723 | -687120 | $3,145,843 | |
| Other | 900099 | 2500000 | 2500000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 4958723 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 242355755 | TotalRevenueColumn |
| Related Or Exempt Function Income | 162610124 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 826334 | UnrelatedBusinessRevenue |
| Exclusion | $16,643,978 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62458 | Total |
| Program Services | 62458 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31509350 | Total |
| Program Services | 31509350 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3634198 | Total |
| Program Services | 1909888 | ProgramServices |
| Management And General | 1456243 | ManagementAndGeneral |
| Fundraising | 268067 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71480950 | Total |
| Program Services | 60825027 | ProgramServices |
| Management And General | 7815914 | ManagementAndGeneral |
| Fundraising | 2840009 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5390954 | Total |
| Program Services | 4213742 | ProgramServices |
| Management And General | 830159 | ManagementAndGeneral |
| Fundraising | 347053 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12113313 | Total |
| Program Services | 10123806 | ProgramServices |
| Management And General | 1553847 | ManagementAndGeneral |
| Fundraising | 435660 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5186369 | Total |
| Program Services | 4385920 | ProgramServices |
| Management And General | 598240 | ManagementAndGeneral |
| Fundraising | 202209 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1011759 | Total |
| Management And General | 1011759 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 369068 | Total |
| Management And General | 369068 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15375 | Total |
| Program Services | 15375 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152059 | Total |
| Fundraising | 152059 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2651750 | Total |
| Management And General | 2651750 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15601791 | Total |
| Program Services | 14267725 | ProgramServices |
| Management And General | 578809 | ManagementAndGeneral |
| Fundraising | 755257 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1942305 | Total |
| Program Services | 1942305 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10136842 | Total |
| Program Services | 9053211 | ProgramServices |
| Management And General | 355794 | ManagementAndGeneral |
| Fundraising | 727837 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1519052 | Total |
| Program Services | 705353 | ProgramServices |
| Management And General | 772306 | ManagementAndGeneral |
| Fundraising | 41393 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154564 | Total |
| Program Services | 154564 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18105217 | Total |
| Program Services | 17288686 | ProgramServices |
| Management And General | 683747 | ManagementAndGeneral |
| Fundraising | 132784 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2966396 | Total |
| Program Services | 2776825 | ProgramServices |
| Management And General | 50409 | ManagementAndGeneral |
| Fundraising | 139162 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 269082 | Total |
| Program Services | 215173 | ProgramServices |
| Management And General | 38173 | ManagementAndGeneral |
| Fundraising | 15736 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12099822 | Total |
| Program Services | 10624779 | ProgramServices |
| Management And General | 1475043 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10748 | Total |
| Program Services | 10748 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25985819 | Total |
| Program Services | 25090939 | ProgramServices |
| Management And General | 894880 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 989692 | Total |
| Program Services | 989692 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Exhibition Related Expenses | 853733 | 853733 | ||
| Other Expenses | 3340677 | 2869036 | 407487 | 64154 |
| Furniture, Fixtures, Equipment | 4302074 | 3894361 | 336655 | 71058 |
| Accessions/Books/Other Art | 11283056 | 11283056 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243138473 | Total |
| Program Services | 215065752 | ProgramServices |
| Management And General | 21880283 | ManagementAndGeneral |
| Fundraising | 6192438 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2036795 | BOY |
| EOY | 1076571 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57582006 | BOY |
| EOY | 48350135 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5677235 | BOY |
| EOY | 5494197 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3731782 | BOY |
| EOY | 3824138 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7112547 | BOY |
| EOY | 5564485 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5967587 | BOY |
| EOY | 5588113 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 638058618 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 165345677 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 476579918 | BOY |
| EOY | 472712941 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 492489913 | BOY |
| EOY | 431959462 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 345307019 | BOY |
| EOY | 371306876 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17998267 | BOY |
| EOY | 5807153 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1414483069 | BOY |
| EOY | 1351684071 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41768632 | BOY |
| EOY | 37827004 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20300620 | BOY |
| EOY | 19408216 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301536693 | BOY |
| EOY | 269374229 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 700000 | BOY |
| EOY | 1100000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44064632 | BOY |
| EOY | 67945120 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 408370577 | BOY |
| EOY | 395654569 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114183756 | BOY |
| EOY | 75797147 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 579645269 | BOY |
| EOY | 560060837 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 312283467 | BOY |
| EOY | 320171518 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1006112492 | BOY |
| EOY | 956029502 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1414483069 | BOY |
| EOY | 1351684071 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -782718 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -49300272 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| General Explanation | Part I, Line 2 - The Art Institute of Chicago is exempt under two categories listed in Part I, box 2 which describes a school, section 170(b)(1)(A)(ii) and box 7 which describes an organization that normally receives a substantial part of its support from a governmental unit or from the general public, Section 170(b)(1)(A)(vi). The Art Institute of Chicago has selected box 2, because per instructions only one applicable box should be checked. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed4955 Tax | false | Form4720Filed4955Tax |
| Correction Made | false | CorrectionMade |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | true | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $15,375 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 15375 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, Line 1i | Identifier |
| Return Reference | Part II-B, Line 1i - Other Activities Description | ReturnReference |
| Explanation | The amount represents the Art Institute of Chicago's portion of funds utilized by Museums in the Park for lobbying activities. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 842590142 | BeginningOfYearBalance |
| Contributions | 13042836 | Contributions |
| Investment Earnings Or Losses | -7062856 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2977788 | GrantsOrScholarships |
| Other Expenditures | 38205259 | OtherExpenditures |
| Administrative Expenses | 2651750 | AdministrativeExpenses |
| End Of Year Balance | 804735325 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 663913585 | BeginningOfYearBalance |
| Contributions | 67894964 | Contributions |
| Investment Earnings Or Losses | 151400848 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3082178 | GrantsOrScholarships |
| Other Expenditures | 35698555 | OtherExpenditures |
| Administrative Expenses | 1838522 | AdministrativeExpenses |
| End Of Year Balance | 842590142 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 616716313 | BeginningOfYearBalance |
| Contributions | 25467861 | Contributions |
| Investment Earnings Or Losses | 64519514 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3199183 | GrantsOrScholarships |
| Other Expenditures | 37713043 | OtherExpenditures |
| Administrative Expenses | 1877877 | AdministrativeExpenses |
| End Of Year Balance | 663913585 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.37000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.40000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.23000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11324688 | OtherCostOrOtherBasis |
| Book Value | 11324688 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 58517837 | OtherCostOrOtherBasis |
| Depreciation | 21679098 | Depreciation |
| Book Value | 36838739 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 548978897 | OtherCostOrOtherBasis |
| Depreciation | 130110908 | Depreciation |
| Book Value | 418867989 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18009072 | OtherCostOrOtherBasis |
| Depreciation | 12380849 | Depreciation |
| Book Value | 5628223 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1228124 | OtherCostOrOtherBasis |
| Depreciation | 1174822 | Depreciation |
| Book Value | 53302 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 472712941 | TotalOfBookValueLandBuildings |
| Total Of Book Value Securities | 371306876 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Refundable Advances | $3,400,550 |
| Pension Liability | $64,544,570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 67945120 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X | Part X : FIN48 Footnote | From Page 9 of the Institute's Consolidated 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.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 $6.5 million for tax periods through June 30, 2011. The Institute does not have the ability to estimate the NOL through June 30, 2012, 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 2025 and 2031. The Institute has not recorded a tax benefit for these NOLs for the years ended June 30, 2012 and 2011, respectively; because it is not more likely than not that the Institute will be able to realize the benefit." The financial statements did not report uncertain tax positions. |
| Part XI, Line 8 | Part XI, Line 8: Other Changes in Net Assets or Fund Balances | Pension Related Changes other than Net Periodic Pension Cost $ -27194985 Endowment transfer to third party not-for-profit entity $ -655577 Unrealized Depreciation on Funds Held in Trust $ -2823731 |
| Part V, Line 4 | Part V, Line 4: Intended uses of the endowment fund. | The Institute establishes endowment funds for the purpose of investing assets in a manner that preserves the real value of the endowment principal and, in addition, provides spendable funds that can be used to fulfill the purposes for which the endowments were established. The Institute's Investment and Executive Committees determine the method to be used to appropriate endowment funds for expenditure. The appropriation amounts are determined as of the end of the year, prior to when it becomes available for expenditure, and is equal to the spendable amount or additional amounts as approved by the Executive Committee during the year. 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 Committees. |
| Part III, Line 4 | Part III, Line 4: Description of organization's collections and how it furthers its purpose. | The Institute's permanent collection consists of art objects as well as the holdings of the libraries. All works of art and certain library collections are held for public exhibition, education, or research in furtherance of the Institute's exempt purpose. |
| Part III, Line 1a | Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o | From Page 7 of the Institute's Consolidated Audited Financial Statements: "Art Objects and Library Collections - The value of the art objects in the permanent collection, as well as the holdings of the libraries, is excluded from the consolidated statements of financial position. Additions to the permanent collection are made either by gifts, bequests, or through purchases using Institute acquisition funds. Institute acquisition funds may be classified as 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 adopted in 1975. The objects are generally offered for sale at a public auction, and the proceeds from such sales 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; 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." |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized | The nondiscriminatory policy is publicized in a variety of materials, including the student bulletin, the course schedule issued each semester, initial marketing material, and the student handbook. |
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | Part I, Line 6a - The Institute receives federal financial aid funding from the Department of Education under the following programs:Federal Pell Grant ProgramFederal Supplemental Educational Opportunity Grants ProgramFederal Work Study Program |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (47 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| NORTH AMERICA | 0 | 0 | PASSIVE INVESTMENTS | N/A | 25037822 |
| EUROPE | 0 | 0 | PASSIVE INVESTMENTS | N/A | 1148974 |
| CENTRAL AMER & CARIBBEAN | 0 | 0 | PASSIVE INVESTMENTS | N/A | 204867724 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | TRAVEL/RESEARCH | 2720 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | TRAVEL/RESEARCH | 26177 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | TRAVEL/RECRUITING | 1542 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | TRAVEL/RECRUITING | 6605 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | TRAVEL/RECRUITING | 58288 |
| CENTRAL AMER & CARIBBEAN | 0 | 0 | PROGRAM SERVICES | TRAVEL/RECRUITING | 229 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | TRAVEL/EXHIBITIONS | 169946 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | TRAVEL/EXHIBITIONS | 6051 |
| MIDDLE EAST & N AFRICA | 0 | 0 | PROGRAM SERVICES | TRAVEL/EXHIBITIONS | 2115 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | TRAVEL/EXHIBITIONS | 91911 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | TRAVEL/EXHIBITIONS | 3783 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | TRAVEL/EDUCATIONAL | 2429 |
| RUSSIA | 0 | 0 | PROGRAM SERVICES | TRAVEL/EDUCATIONAL | 1898 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | TRAVEL/EDUCATIONAL | 15376 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | TRAVEL/EDUCATIONAL | 50041 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | TRAVEL/EDUCATIONAL | 4450 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | STUDY TOURS | 34690 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY TOURS | 53042 |
| RUSSIA | 0 | 0 | PROGRAM SERVICES | STUDY TOURS | 3359 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY TOURS | 1004 |
| EUROPE | 0 | 1 | PROGRAM SERVICES | STUDY TOURS | 351313 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | STUDY TOURS | 4621 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | SCHOLARLY PUBL | 5000 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | SCHOLARLY PUBL | 5475 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | SCHOLARLY PUBL | 123144 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | SCHOLARLY PUBL | 66927 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | RESEARCH | 8977 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | RESEARCH | 1556 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | RECRUITING | 1170 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | RECRUITING | 5416 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | OTHER | 54432 |
| EAST AISA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | OTHER | 1836 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | MEMBER TRAVEL | 787 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | MEMBER TRAVEL | 427 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | MEMBER TRAVEL | 5201 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | MEMBER TRAVEL | 260 |
| CENTRAL AMER & CARIBBEAN | 0 | 0 | PROGRAM SERVICES | MEMBER TRAVEL | 1014 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | EXHIBITIONS | 2941 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | EXHIBITIONS | 441301 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | EXHIBITIONS | 2400 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | EDUCATIONAL | 4000 |
| EUROPE | 0 | 0 | MARKETING | N/A | 34811 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | MARKETING | N/A | 26415 |
| NORTH AMERICA | 0 | 0 | MARKETING | N/A | 200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cont Number Of Employees | 1 | ContNumberOfEmployees |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 584167 | SubtotalAmountSpent |
| Cont Amount Spent | 232155633 | ContAmountSpent |
| Total Amount Spent | 232739800 | TotalAmountSpent |
| No Recipient Over5 K | X | NoRecipientOver5K |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SD&A Teleservc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Telemarketing | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Gross Receipts | 305785 | GrossReceipts |
| Amount Retained By Contractor | 152059 | AmountRetainedByContractor |
| Net To Organization | 153726 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 305785 | TotalGrossReceipts |
| Total Retained By Contractors | 152059 | TotalRetainedByContractors |
| Total Net To Organization | 153726 | TotalNetToOrganization |
| Licensed States | WI | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | VA | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | MS | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | KS | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | DC | LicensedStates |
| Licensed States | CO | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | AZ | LicensedStates |
| Licensed States | AK | LicensedStates |
| Licensed States | AL | LicensedStates |
| Licensed States | IL | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Lichtenstein | NameOfEvent1 |
| Gross Receipts Event1 | 1456644 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 1296364 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 160280 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 411773 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SNAP Gala | NameOfEvent2 |
| Gross Receipts Event2 | 498900 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 352930 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 145970 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 247739 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 10 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 1526916 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 1032034 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 494882 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 1005267 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 3482460 | GrossReceiptsTotal |
| Charitable Contributions Total | 2681328 | CharitableContributionsTotal |
| Gross Revenue Total Events | 801132 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 1664779 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 1664779 | DirectExpenseSummaryEvents |
| Net Income Summary | -863647 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteer Labor Bingo | false | VolunteerLaborBingo |
| Volunteer Labor Pull Tabs | false | VolunteerLaborPullTabs |
| Gross Revenue Other Gaming | 19260 | GrossRevenueOtherGaming |
| Non Cash Prizes Other Gaming | 25973 | NonCashPrizesOtherGaming |
| Volunteer Labor Other Gaming | true | VolunteerLaborOtherGaming |
| Volunteer Labor Prcnt Other Gaming | 1.00000 | VolunteerLaborPrcntOtherGaming |
| Gross Revenue Total Gaming | 19260 | GrossRevenueTotalGaming |
| Non Cash Prizes Total Gaming | 25973 | NonCashPrizesTotalGaming |
| Direct Expense Summary Gaming | 25973 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | -6713 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | IL | StatesWhereGamingConducted |
| Licensed | true | Licensed |
| License Suspended Etc | false | LicenseSuspendedEtc |
| Gaming With Nonmembers | true | GamingWithNonmembers |
| Member Of Other Entity | false | MemberOfOtherEntity |
| Percentage Of Gaming Own Facility | 0.33000 | PercentageOfGamingOwnFacility |
| Percentage Of Gaming Othr Facility | 0.67000 | PercentageOfGamingOthrFacility |
Name Of Gaming Rec Keeper Bus NameOfGamingRecKeeperBus
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Patricia C Rowlands | BusinessNameLine1 |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 South Michigan Avenue | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | false | ContractWith3rdPartyForGamRev |
| Charitable Distrib Required | false | CharitableDistribRequired |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Northwestern University | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 Clark Street | AddressLine1 |
| City | Evanston | City |
| State | IL | State |
| ZIP Code | 60208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 362167817 | EINOfRecipient |
| IRC Section | 501 (c)(3) | IRCSection |
| Amount Of Cash Grant | 62458 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
| Purpose Of Grant | Conservation Research | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| Student Scholarships and Stipends | 3083 | 31429033 | N/A | N/A |
| Faculty Enrichment Grants | 53 | 80317 | N/A | N/A |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Grantmaker's Description of How Grants are Used | Scholarships and stipends are available to undergraduate students and graduate students through the admissions process. Once awarded depending on the type of aid, payment is credited to either the student account or directly to the student. All payments are monitored and approved by the Financial Services department before payment is applied or paid to the student. All students receiving scholarships and stipends have been selected on a non-discriminatory basis.Faculty enrichment grant opportunities are available to full-time and part-time faculty teaching in a degree program. Selections are based on the merit of the proposal and reviewed by members of a selection committee. Payments are monitored by the Dean's office and all payments are approved by the Vice Provost and School Finance department before payment is made. |
| Additional Supplemental Information | For organizational payments for research grants, a departmental program representative for the grant reviews and approves all payment requests before payment is issued. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | true | InitialContractException |
| Rebuttable Presumption Procedure | true | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (19 entries)
| Other Compensation Filing OrgOtherCompensationFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Base Compensation Filing OrgBaseCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|
| Wellington Reiter | |||||
| 140125 | 140125 | ||||
| Walter E Massey | |||||
| 17955 | 505625 | 487670 | |||
| Samuel Quigley | |||||
| 685 | 206577 | 178452 | 16410 | 11030 | |
| Rose Milkowski | |||||
| 218 | 187807 | 170109 | 15475 | 2005 | |
| Lisa Wainwright | |||||
| 415 | 229715 | 196583 | 18150 | 14567 | |
| Julia E Getzels | |||||
| 13123 | 377141 | 300694 | 41000 | 22324 | 12413 |
| James Cuno | |||||
| 296621 | 637133 | 311252 | 23000 | 6260 | 231501 |
| Eugene Adams | |||||
| 17460 | 245610 | 175044 | 33000 | 20106 | |
| Eric Anyah | |||||
| 16743 | 302634 | 243656 | 25000 | 17235 | |
| Elizabeth Hurley | |||||
| 307 | 267669 | 239594 | 15606 | 12162 | |
| Elizabeth Grainer | |||||
| 685 | 241003 | 179651 | 53000 | 7667 | |
| Elissa Tenny | |||||
| 40488 | 328267 | 265729 | 22050 | ||
| Edward McNulty | |||||
| 11040 | 329250 | 269607 | 35000 | 13603 | 8919 |
| Douglas Druick | |||||
| 22552 | 410997 | 302660 | 78000 | 7785 | |
| David Thurm | |||||
| 22887 | 441814 | 377389 | 22050 | 19488 | 2482 |
| Carrie Heinonen | |||||
| 101471 | 191554 | 80086 | 3000 | 6997 | |
| Brian Esker | |||||
| 16747 | 217636 | 168075 | 24000 | 8814 | |
| Anthony Jones | |||||
| 39175 | 168548 | 112373 | 17000 | 39175 | |
| Andrea Reynders | |||||
| 185649 | 252591 | 57385 | 5247 | 4310 | |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Sch J, Part I, Line 8 | Part I, Line 8: Amounts reported on 990 VII pursuant to initial contract exemption described in Regs | The payments reported in Form 990, Part VII for the Former President of the School of the Art Institute, were paid pursuant to a contract that was subject to the initial contract exception described in Regs. Section 53.4958-4(a)(3). The initial contract exception applies because the payments were made pursuant to a written contract and, as a new hire with no previous connection to the organization, Mr. Reiter was not a disqualified person immediately prior to entering the contract. The payments were fixed payments as defined under Regs. Section 53.4958-4(a)(3)(ii). Although the initial contract exception applies to these payments, the Executive Committee of the Board of Trustees reviewed compensation survey data prepared by the Institute's outside compensation expert and considered other relevant factors to determine the appropriate initial offer. One member of the Executive Committee, an independent Trustee, then oversaw the ensuing contract negotiations. The Institute's outside compensation expert was consulted during the course of the negotiations to assure that the compensation under discussion was competitively reasonable. The final terms were reviewed by the compensation expert, who determined that the total remuneration was competitively reasonable, and then approved by the independent Trustee in consultation with the Chairman of the Board of Trustees. The total remuneration contained in the final compensation package was consistent with the package approved by the Executive Committee. The Board of Trustees received a description of the terms of the compensation package before voting to hire Mr. Reiter. |
| Sch J, Part I, Line 1a | Part I, Line 1a: Relevant information in regards to selections on 1a. | First class travel is allowed under limited circumstances as set forth in the travel policy. The Presidents of the Museum and the School are allowed to have their partners accompany them on business trips if their presence is necessary for a specific purpose of the Institute. The Provost/Senior Vice President for Academic Affairs received a housing stipend. The housing stipend was grossed-up for applicable taxes. The stipend and gross-up were both addressed in the individual employment contract.The President of the School's employment contract allows for reimbursement for up to $5,000 annually for fees and membership dues for athletic, social, or other clubs used for personal, non-business purposes. The annual amounts reimbursed are reported as taxable compensation. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| IL Finance Authority | ||||||
| 861091967 | 45200F3B3 | 2010-05-20 | 55941880 | Refund 3/26/2009 2009B Bonds | false | false |
| IL Finance Authority | ||||||
| 861091967 | 45200F3N7 | 2010-06-09 | 113537854 | See Part VI | false | false |
| IL Finance Authority | ||||||
| 861091967 | 45200FVM8 | 2009-03-26 | 139158000 | Constr./Renov. Museum Facil. | false | false |
| IL Educ Facil Authority | ||||||
| 521297563 | 4520015W6 | 2003-07-09 | 18737797 | Refund 6/16/1993 Bonds | true | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Working Capital ExpendituresWorkingCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Refunding EscrowRefundingEscrow | Capital ExpendituresCapitalExpenditures | Amount Bond DefeasedAmountBondDefeased | Issuance Costs From ProceedsIssuanceCostsFromProceeds |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26580000 | 55941880 | 4308451 | 1880 | 55940000 | 2002 | true | false | true | true | ||||
| 2405000 | 113537854 | 5986 | 103850250 | 2002 | true | true | true | true | 10018475 | ||||
| 80000000 | 139158000 | 2009 | false | false | true | true | 139158000 | ||||||
| 6260000 | 18737996 | 152633 | 30148 | 18488302 | 1988 | true | false | true | true | 145000 | 219546 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|
| NA | ||||||
| false | false | false | false | NA | true | true |
| NA | ||||||
| false | false | false | false | NA | false | false |
| NA | ||||||
| false | true | false | false | NA | false | true |
| NA | ||||||
| false | false | false | false | NA | false | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| A Pramaggiore ComEd CEO | |||
| Trustee | 1022474 | ComEd Electrical Serv. | false |
| F Waddell Nthrn Trst CEO | |||
| Trustee | 322345 | Inv.Custody/Perf Serv. | false |
| J Rowe Nthrn Trst Brd Memb | |||
| Trustee | 322345 | Inv.Custody/Perf Serv. | false |
| J Rowe Exelon CEODir | |||
| Trustee | 1022474 | ComEd Electrical Serv. | false |
| A Jones Spouse P Carroll | |||
| Former Officer | 14612 | Employee Compensation | false |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1185 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | See Part II | MethodOfDeterminingRevenues |
Art Fractional Interest ArtFractionalInterest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 26 | NumberOfContributions |
| Method Of Determining Revenues | See Part II | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 27385 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 134 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5625152 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Special Events | 303 | 380891 | FMV |
| X | Dept'l Supplies | 13 | 17884 | FMV |
| X | Couture Fashion | 16 | 102995 | FMV |
| X | Airfare | 125 | 141229 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 27 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 33, Revenues Not Reported | The Institute does not capitalize its collection items nor report contributions of collection items as revenue as permitted under generally accepted accounting principles. |
| Part I, Line 32, Hire and Use of Third Parties | The Institute utilizes its investment custodian Northern Trust to receive and sell stock gifts made to the organization. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Schedule B, Special Rules, Box 1 | The Art Institute of Chicago is exempt under two categories listed in Schedule A Part I, box 2 which describes a school, section 170(b)(1)(A)(ii) and box 7 which describes an organization that normally receives a substantial part of its support from a governmental unit or from the general public, Section 170(b)(1)(A)(vi).The Art Institute of Chicago has selected box 2, because per instructions only one applicable box should be checked. Because 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). | |
| Form 990, Part VII, Line 1a, Column B | The amount of hours per week devoted to position has been noted as 1 hour for all Trustees. The amount of hours per week devoted by Trustees varies depending on the position held and the committees the Trustee devotes time to. | |
| Form 990, Part V, Line 7h | Form 1098-C is not applicable to the Institute. | |
| Form 990, Part V, Line 7g | The Institute 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 19: Other Organization Documents Publicly Available | The Institute's governing documents are available to the public via written request to the Institute and in addition, in part through applicable governmental agencies. The Institute's financial statements are available to the public via the Institute's own website, via the Illinois Attorney General's website and upon written request. The conflict of interest policy is available to the public upon written request to the Institute. | Form 990, Part VI, Line 19 |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The Institute's Executive Committee, composed entirely of independent Trustees, approves compensation for the President and Director of the Museum and for the President of the School. The Institute's Compensation Committee, composed entirely of independent Trustees and Life 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 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 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 decisions on compensation are documented in contemporaneous meeting minutes. In the case of the President and Director of the Museum, the President, Provost, and Dean of Faculty of the School, the decisions may be reflected in employment contracts as well.For key employees' whose compensation is not reviewed and approved by the Compensation Committee, their compensation is generally based on independent salary surveys typically conducted at the time of hire 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 15b |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | All voting Trustees, Life Trustees, members of the Board of Governors, members of Standing and Advisory Committees, Officers, and Vice Presidents 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 Institutes 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. The Related Party shall not be counted for purposes of determining whether there is a quorum. Financial interests 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, Life Trustees, members of the Board of Governors, members of Standing and Advisory Committees, Officers, and Vice Presidents are required to attest annually to their familiarity with this 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 Institutes General Counsel's office. | Form 990, Part VI, Line 12c |
| Form 990, Part VI, Line 11: Form 990 Review Process | A full version of the Form 990 is reviewed in detail by the Institute's Audit Committee before filing with the Internal Revenue Service, including Schedule B-Schedule of Contributors. The Board of Trustees are provided a copy of the public disclosure version of the Form 990 before it is filed with the Internal Revenue Service. Schedule B is made available to the Board of Trustees upon request, however, a copy is not widely distributed. | Form 990, Part VI, Line 11 |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Members of the Institute consist of 5 classes: Governing, Honorary Governing, Life, Honorary Life and Annual. All Governing, Honorary Governing and Honorary Life Members shall be elected by the Board of Trustees from among those persons who meet the qualifications as set forth below, except that all persons who are elected Benefactors shall become Honorary Governing Members and shall have the privileges of Governing Members. Governing Members, not to exceed 1,500, are elected from Members that have demonstrated a significant interest in the programs of the Institute and made a contribution to the unrestricted endowment fund in such sum as determined from time to time by the Board of Trustees. Not more than 50 Governing Member may be elected by the Trustees from among individual Members who actively participate in the Institute, without the requirement of a contribution to the unrestricted endowment fund. A donor at the Sustaining Fellow level automatically becomes a Governing Member after a third consecutive annual Fellows gift and serves as long as Fellow status is retained. Any Governing Member who discontinues as a Fellow will be reinstated as a Governing Member upon qualifying as a Sustaining Fellow. A business participating in the Sustaining Fellows shall not be a Governing Member.Honorary Governing Members shall include Benefactors and other persons elected by the Trustees from among Governing Members who have rendered eminent services to the Institute of a period of years and shall be exempt from the payment of dues. Honorary Life Members shall be chosen from among persons who have rendered continuing financial support or performed continuing voluntary services for the Institute or have attained distinction as artists, patrons of art, or educators.Any person at least 18 years of age may become a Life Member upon the payment of such sum as may be fixed from time to time by the Board of Trustees, which sum shall be credited to an unrestricted endowment fund. Each Life Member shall be entitled to all the rights and privileges of Annual Members without payment of dues.Any person may become an Annual Member upon such terms as may be fixed from time to time by the Board of Trustees. All Members shall be entitled to free admission to all public exhibitions of the Institute, except as otherwise provided by the Board of Trustees. The sole right of Governing Members and Honorary Governing Members is to elect Trustees at the annual Governing Members meeting. | Form 990, Part VI, Line 6 |
| Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et | A family relationship exists between Trustees Robert H. Bergman and Andrew M. Rosenfield. A businees relationship exists between Officer Walter E. Massey and Trustee Cary D. McMillan. Business relationships exist between the following Trustees: Thomas J. Pritzker and Byron Trott; Thomas J. Pritzker and Samuel M. Mencoff; Kenneth C. Griffin and James A. Gordon; John W. Rowe and Frederick H. Waddell; John W. Rowe and Anne Pramaggiore; John W. Rowe and A. Steven Crown; A. Steven Crown and Anne Pramaggiore; Sarah Nava Garvey and Eric T. McKissack; Dana D. Rice and Michael Sacks. | Form 990, Part VI, Line 2 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| AIC GS MEZZ LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | 399520 | 3454000 | NA |
| AIC MS SS LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | 3381803 | NA | |
| AIC BLK LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | 256200 | 11697699 | NA |
| AIC AX LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | 2173484 | NA | |
| AIC AA LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | 97117 | 3537711 | NA |
| AICHP LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | 8576 | 2144569 | NA |
| AICGS LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 362167725 | Investments | DE | 369626 | 5316000 | NA |
| AICCB LLC | |||||||||
| 111 South Michigan Avenue | Chicago | IL | 60603 | 205052348 | Investments | DE | 1697632 | 5000000 | NA |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ox-Bow | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3435 Rupprecht Way | AddressLine1 |
| City | Saugatuck | City |
| State | MI | State |
| ZIP Code | 49453 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381081760 | EIN |
| Primary Activities | Educational Institution | PrimaryActivities |
| Legal Domicile State | MI | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 2 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | true | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Ox-Bow | ||
| q | 420000 | FMV |
| Ox-Bow | ||
| b | 60000 | FMV |