ART INSTITUTE OF CHICAGO: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: ART INSTITUTE OF CHICAGO (EIN 36-2167725)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-05-09
IRS object ID: 201221309349301017
Schema version: 2010v3.2
Source: Download XML · Original 990 at ProPublica

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

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

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-09T09:19:18-07:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	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	2012-05-09	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	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	814702358	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	42	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	40	NbrIndependentVotingMembers
Total Nbr Employees	3135	TotalNbrEmployees
Total Nbr Volunteers	794	TotalNbrVolunteers
Total Gross UBI	1395256	TotalGrossUBI
Net Unrelated Business Txbl Income	-413822	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	66514047	ContributionsGrantsPriorYear
Contributions Grants Current Year	79911597	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	135434821	ProgramServiceRevenuePriorYear
Program Service Revenue CY	214444567	ProgramServiceRevenueCY
Investment Income Prior Year	43632738	InvestmentIncomePriorYear
Investment Income Current Year	94124670	InvestmentIncomeCurrentYear
Other Revenue Prior Year	10809074	OtherRevenuePriorYear
Other Revenue Current Year	8604127	OtherRevenueCurrentYear
Total Revenue Prior Year	256390680	TotalRevenuePriorYear
Total Revenue Current Year	397084961	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	27712714	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	30538203	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	93657225	SalariesEtcPriorYear
Salaries Etc Current Year	94840270	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	195599	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	252414	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	5821220	TotalFundrsngExpCurrentYear
Other Expense Prior Year	107700445	OtherExpensePriorYear
Other Expenses Current Year	187280546	OtherExpensesCurrentYear
Total Expenses Prior Year	229265983	TotalExpensesPriorYear
Total Expenses Current Year	312911433	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	27124697	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	84173528	RevenuesLessExpensesCY
Total Assets BOY	1268164380	TotalAssetsBOY
Total Assets EOY	1414483069	TotalAssetsEOY
Total Liabilities BOY	420837362	TotalLiabilitiesBOY
Total Liabilities EOY	408370577	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	847327018	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1006112492	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	162408317	Expense
Grants	63490	Grants
Revenue	95000943	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 2011 were several non-ticketed temporary exhibitions, including Hyperlinks: Architecture and Design; Henri Cartier-Bresson: The Modern Century; Kings, Queens and Courtiers: Art in Early Renaissance France; Richard Hawkins: Third Mind; and Arms and Armor: Highlights of the Permanent Collection. During fiscal year 2011, the Museum served 1.4 million visitors.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	123744687	Expense
Grants	30474713	Grants
Revenue	125416465	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 2,862, an increase of 4% over the prior year. The curriculum has attracted students from over 50 countries.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	286153004	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	false	InvestTaxExemptBonds
Escrow Account	false	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	true	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	761	NumberFormsTransmittedWith1096
Number W2 G Included	3	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	3135	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	42	NbrVotingGoverningBodyMembers
Number Independent Voting Members	40	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	true	LocalChapters
Policies Reference Chapters	true	PoliciesReferenceChapters
Form990 Provided To Governing Body	true	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	LA	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 (63 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	FormerFormer	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee	Key EmployeeKeyEmployee
William M Daley
Trustee	1.00	X	0	0	0
Wellington Reiter
Former President of SAIC	40.00		628321	0	15664	X
Walter E Massey
President	40.00		151515	0	0		X
Todd Warnock
Trustee	1.00	X	0	0	0
Thomas J Pritzker
Trustee	1.00	X	0	0	0
Stephanie Sick
Trustee	1.00	X	0	0	0
Samuel Quigley
VP, CMIIT	40.00		177890	0	24401			X
Samuel M Mencoff
Trustee	1.00	X	0	0	0
Rose Milkowski
VP for Enrollment Mgmt	40.00		168979	0	17182				X
Robert M Levy
Trustee	1.00	X	0	0	0
Robert H Bergman
Trustee	1.00	X	0	0	0
Rita Knox
Trustee	1.00	X	0	0	0
Prabhakant Sinha
Trustee	1.00	X	0	0	0
Paulita Pike
Trustee	1.00	X	0	0	0
Nancy Lauter McDougal
Trustee	1.00	X	0	0	0
Michael Sacks
Trustee	1.00	X	0	0	0
Melinda Martin Sullivan
Trustee	1.00	X	0	0	0
Mary Jane Drews
VP for Museum Development	40.00		337168	0	55366				X
Marshall Field
Trustee	1.00	X	0	0	0
Marilynn Thoma
Trustee	1.00	X	0	0	0
Lisa Wainwright
Faculty Dean/VP Acad Admin	40.00		187653	0	18410				X
Linda Johnson Rice
Trustee	1.00	X	0	0	0
Linda Buonanno
Trustee	1.00	X	0	0	0
Lester Coney
Trustee	1.00	X	0	0	0
Lawrence F Levy
Trustee	1.00	X	0	0	0
Kenneth C Griffin
Trustee	1.00	X	0	0	0
Karen Frank
Trustee	1.00	X	0	0	0
Julia E Getzels
Vice President	40.00		305670	0	70809		X
John W Rowe
Trustee	1.00	X	0	0	0
John W Jordan II
Trustee	1.00	X	0	0	0
John Manley
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
James Cuno
President	40.00		1026395	0	299918		X
James A Gordon
Trustee	1.00	X	0	0	0
J Christopher Reyes
Chairman	1.00	X	0	0	0
Isabel Stewart
Trustee	1.00	X	0	0	0
Gilda Buchbinder
Trustee	1.00	X	0	0	0
Fredrick H Waddell
Trustee	1.00	X	0	0	0
Francie Comer
Trustee	1.00	X	0	0	0
Eugene Adams
VP of IS/CIO	40.00		192880	0	53101			X
Eric T McKissack
Trustee	1.00	X	0	0	0
Eric P Lefkofsky
Trustee	1.00	X	0	0	0
Eric Anyah
CFO	40.00		235306	0	34118		X
Elizabeth Grainer
VP of Aux Ops	40.00		175909	0	54134				X
Edward McNulty
SVP/Planning/COO SAIC	40.00		275732	0	60336				X
Edward Byron Smith Jr
Trustee	1.00	X	0	0	0
Douglas Druick
Prince Trust Chair	40.00		174213	0	77162			X
Denise Gardner
Trustee	1.00	X	0	0	0
David Thurm
COO Museum	40.00		359941	0	63385				X
David J Vitale
Trustee	1.00	X	0	0	0
Cynthia Perucca
Trustee	1.00	X	0	0	0
Caryn Harris
Trustee	1.00	X	0	0	0
Cary D McMillan
Trustee	1.00	X	0	0	0
Byron D Trott
Trustee	1.00	X	0	0	0
Brian Esker
VP Fin/Admn SAIC	40.00		183504	0	27949			X
Barbara Bluhm-Kaul
Trustee	1.00	X	0	0	0
Anthony Jones
Chancellor	40.00		257807	0	158175			X
Anstiss Hammond Krueck
Trustee	1.00	X	0	0	0
Anne Searle Bent
Trustee	1.00	X	0	0	0
Andrew M Rosenfield
Trustee	1.00	X	0	0	0
Alexandra C Nichols
Trustee	1.00	X	0	0	0
A Steven Crown
Trustee	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	4838883	TotalReportableCompFromOrg
Total Other Compensation	1030110	TotalOtherCompensation
Number Individuals GT100 K	63	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	1641043
Stein Ray & Harris LLP
222 W Adams 1800	Chicago	IL	60603	Attorney Services	151464
PragerSealy& Co LLC
1 Maritime Plaza 1000	San Francisco	CA	94111	Financ'l Advsy Srvcs	178684
Hirtle Callaghan LLC
300 Barr Harbor Dr	West Conshohocken	PA	19428	Investmnt Advsr/Mgmt	983699
Deloitte & Touche LLP
111 S Wacker Dr	Chicago	IL	60606	Audit Services	325675

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	13	NumberOfContractorsGT100K
Membership Dues	11218855	MembershipDues
Fundraising Events	5031432	FundraisingEvents
Government Grants	7971201	GovernmentGrants
All Other Contributions	55690109	AllOtherContributions
Noncash Contributions	12478290	NoncashContributions
Total Contributions	79911597	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Tuition and Fees	611600	123336977	123336977
Proceeds from Sale of Art	900099	75904318	75904318
Other Restricted Prog Rev	900099	1609109	1609109
Museum Admissions	900099	8571420	8571420
Member Program Revenues	900099	971055	971055

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4051688	TotalRevenueColumn
Related Or Exempt Function Income	3049881	RelatedOrExemptFunctionIncome
Exclusion	$1,001,807	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	214444567	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	6547074	TotalRevenueColumn
Exclusion	$6,547,074	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	179133	TotalRevenueColumn
Exclusion	$179,133	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	2563399	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	1030668	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	1532731	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	1532731	TotalRevenueColumn
Unrelated Business Revenue	65100	UnrelatedBusinessRevenue
Exclusion	$1,467,631	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	494718039	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	407140443	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	87577596	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	87577596	TotalRevenueColumn
Exclusion	$87,577,596	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	719410	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	5031432	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	2175045	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	-1455635	TotalRevenueColumn
Exclusion	-$1,455,635	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Gaming	44814	GrossIncomeGaming
Gaming Direct Expenses	42424	GamingDirectExpenses

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	2390	TotalRevenueColumn
Exclusion	$2,390	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	14368229	GrossSalesOfInventory
Cost Of Goods Sold	7228817	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	7139412	TotalRevenueColumn
Related Or Exempt Function Income	5972841	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	1166571	UnrelatedBusinessRevenue

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Unrelated Business RevenueUnrelatedBusinessRevenue	ExclusionExclusionAmount
Other Invest. Inc (Loss)	900099	1168527	163585	$1,004,942
Other	900099	37569		$37,569

Field	Value	IRS element (for citing)
Total Other Revenue	1206096	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	397084961	TotalRevenueColumn
Related Or Exempt Function Income	219415601	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	1395256	UnrelatedBusinessRevenue
Exclusion	$96,362,507	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	63490	Total
Program Services	63490	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	30474713	Total
Program Services	30474713	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	3907511	Total
Program Services	2106770	ProgramServices
Management And General	1407685	ManagementAndGeneral
Fundraising	393056	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	66586556	Total
Program Services	56879471	ProgramServices
Management And General	7452550	ManagementAndGeneral
Fundraising	2254535	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	8254293	Total
Program Services	6585539	ProgramServices
Management And General	1287287	ManagementAndGeneral
Fundraising	381467	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	11304289	Total
Program Services	8989940	ProgramServices
Management And General	1885216	ManagementAndGeneral
Fundraising	429133	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	4787621	Total
Program Services	4041431	ProgramServices
Management And General	565255	ManagementAndGeneral
Fundraising	180935	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	927121	Total
Management And General	927121	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	344431	Total
Management And General	344431	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	25370	Total
Program Services	25370	ProgramServices

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	252414	Total
Fundraising	252414	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	1838522	Total
Management And General	1838522	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	15410617	Total
Program Services	14168362	ProgramServices
Management And General	471877	ManagementAndGeneral
Fundraising	770378	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1860729	Total
Program Services	1755475	ProgramServices
Fundraising	105254	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	9667103	Total
Program Services	8349019	ProgramServices
Management And General	585645	ManagementAndGeneral
Fundraising	732439	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1554193	Total
Program Services	793192	ProgramServices
Management And General	727760	ManagementAndGeneral
Fundraising	33241	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	106803	Total
Program Services	106803	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	18085523	Total
Program Services	17246257	ProgramServices
Management And General	717875	ManagementAndGeneral
Fundraising	121391	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	3208894	Total
Program Services	3079252	ProgramServices
Management And General	28575	ManagementAndGeneral
Fundraising	101067	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	293617	Total
Program Services	234029	ProgramServices
Management And General	50184	ManagementAndGeneral
Fundraising	9404	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	12946808	Total
Program Services	11703700	ProgramServices
Management And General	1243108	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	14865	Total
Program Services	14865	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	25227078	Total
Program Services	24481455	ProgramServices
Management And General	745623	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1371683	Total
Program Services	1371683	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
Other Expenses	2678366	2445814	190743	41809
Furniture, Fixtures, Equipment	4934689	4452240	467752	14697
Exhibition Related Expenses	1399419	1399419
Bad Debt Expense	1470272	1470272
Accessions/Books/Other Art	83914443	83914443

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	312911433	Total
Program Services	286153004	ProgramServices
Management And General	20937209	ManagementAndGeneral
Fundraising	5821220	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	3784874	BOY
EOY	2036795	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	56771250	BOY
EOY	57582006	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	4778154	BOY
EOY	5677235	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	171250	BOY
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	3715772	BOY
EOY	3731782	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	7137403	BOY
EOY	7112547	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	6866541	BOY
EOY	5967587	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	624336307	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	147756389	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	489638858	BOY
EOY	476579918	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	416411071	BOY
EOY	492489913	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	278584873	BOY
EOY	345307019	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	304334	BOY
EOY	17998267	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1268164380	BOY
EOY	1414483069	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	38693962	BOY
EOY	41768632	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	18667201	BOY
EOY	20300620	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	304170901	BOY
EOY	301536693	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	900000	BOY
EOY	700000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	58405298	BOY
EOY	44064632	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	420837362	BOY
EOY	408370577	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	53965851	BOY
EOY	114183756	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	503678873	BOY
EOY	579645269	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	289682294	BOY
EOY	312283467	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	847327018	BOY
EOY	1006112492	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1268164380	BOY
EOY	1414483069	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	84173528	ReconcilationRevenueExpenses
Reconcilation Other Changes	74611946	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 - Although 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	false	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	$25,370	OtherActivitiesAmount
Total Lobbying Expenditures IIB	25370	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	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 Minus1 Year CurrentYearMinus1Year

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

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	840448838	BeginningOfYearBalance
Contributions	10847284	Contributions
Investment Earnings Or Losses	-189934854	InvestmentEarningsOrLosses
Grants Or Scholarships	2778756	GrantsOrScholarships
Other Expenditures	38338254	OtherExpenditures
Administrative Expenses	3527945	AdministrativeExpenses
End Of Year Balance	616716313	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.38000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.37000	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.25000	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	20386428	Depreciation
Book Value	38131409	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	536431041	OtherCostOrOtherBasis
Depreciation	117308220	Depreciation
Book Value	419122821	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	16834617	OtherCostOrOtherBasis
Depreciation	9036615	Depreciation
Book Value	7798002	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1228124	OtherCostOrOtherBasis
Depreciation	1025126	Depreciation
Book Value	202998	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	476579918	TotalOfBookValueLandBuildings
Total Of Book Value Securities	345307019	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
Refundable Advances	$3,355,268
Pension Liability	$40,709,364

Field	Value	IRS element (for citing)
Total Of Amounts	44064632	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 $6.0 million for tax periods through June 30, 2010. The Institute does not have the ability to estimate the NOL through June 30, 2011, 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 2030. The Institute has not recorded a tax benefit for these NOLs for the years ended June 30, 2011 and 2010, respectively; because it is not more likely than not that the Institute will be able to realize the benefit."
Part XI, Line 8	Part XI, Line 8: Other Changes in Net Assets or Fund Balances	Unrealized Appreciation on Funds Held in Trust $5364322 Pension Related Changes other than Net Periodic Pension Cost $19205713
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 V, Line 2c - Term Endowment PercentageIncludes term endowment funds and portion of perpetual endowment funds subject to a time restriction under UPMIFA.
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 ProgramAcademic Competitiveness Grant ProgramJavits Fellowships Program

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable (37 entries)

RegionRegion	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
North America	0	Passive Investments	N/A	33044000
Europe	0	Passive Investments	N/A	1580000
Central Amer & Caribbean	0	Passive Investments	N/A	172174000
Europe	0	Marketing	N/A	25070
Central Amer & Caribbean	0	Program Services	Travel/Recrut'g	312
Middle East & N. Africa	0	Program Services	Travel/Recruit	1257
Middle East & N. Africa	0	Program Services	Travel/Exhib	330
Middle East & N. Africa	0	Program Services	Exhibition Exp	1500
South America	0	Program Services	Study Tours	23526
South Asia	0	Marketing	N/A	26362
South Asia	0	Program Services	Scholarly Publ	4000
East Asia	0	Program Services	Travel/Exhib	673
Central Amer & Caribbean	0	Program Services	Travel/Educt'l	1005
North America	0	Marketing	N/A	1001
Sub-Saharan Africa	0	Program Services	Travel/Educt'l	8514
South Asia	0	Program Services	Travel/Exhib	151259
South America	0	Program Services	Travel/Recrut'g	1923
North America	0	Program Services	Travel/Exhib	1520
North America	0	Program Services	Travel/Educt'l	11830
Middle East & N. Africa	0	Program Services	Travel/Educt'l	4869
Europe	0	Program Services	Travel/Recrut'g	11578
South Asia	0	Program Services	Travel/Educt'l	108826
South Asia	0	Program Services	Travel/Recruit	2402
South America	0	Program Services	Travel/Educt'l	33186
North America	0	Program Services	Travel/Recruit	30477
North America	0	Program Services	Scholarly Publ	6171
North America	0	Program Services	Exhibition Exp	1616
Europe	0	Program Services	Travel/Exhib	147822
Europe	0	Program Services	Travel/Educt'l	125095
Europe	1	Program Services	Study Tours	370234
Europe	0	Program Services	Scholarly Publ.	188951
Europe	0	Program Services	Exhibition Exp	428938
East Asia & the Pacific	0	Program Services	Exhibition Exp	250
East Asia & the Pacific	0	Program Services	Travel/Recruit.	70938
East Asia & the Pacific	0	Program Services	Travel/Educt'l	79454
East Asia & the Pacific	0	Program Services	Study Tours	41956
East Asia & the Pacific	0	Program Services	Scholarly Publ.	4577

Field	Value	IRS element (for citing)
Subtotal Number Of Employees	1	SubtotalNumberOfEmployees
Total Number Of Employees	1	TotalNumberOfEmployees
Subtotal Amount Spent	1652471	SubtotalAmountSpent
Cont Amount Spent	207062951	ContAmountSpent
Total Amount Spent	208715422	TotalAmountSpent
No Recipient Over5 K	X	NoRecipientOver5K
Transfer To Foreign Corp	true	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	false	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	443259	GrossReceipts
Amount Retained By Contractor	252414	AmountRetainedByContractor
Net To Organization	190845	NetToOrganization

Field	Value	IRS element (for citing)
Total Gross Receipts	443259	TotalGrossReceipts
Total Retained By Contractors	252414	TotalRetainedByContractors
Total Net To Organization	190845	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	LA	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	WB Daley Gala	NameOfEvent1
Gross Receipts Event1	3540075	GrossReceiptsEvent1
Charitable Contributions Event1	3401415	CharitableContributionsEvent1
Gross Revenue Event1	138660	GrossRevenueEvent1
Other Direct Expenses Event1	684677	OtherDirectExpensesEvent1
Name Of Event2	Weston Wg Gala	NameOfEvent2
Gross Receipts Event2	597211	GrossReceiptsEvent2
Charitable Contributions Event2	482009	CharitableContributionsEvent2
Gross Revenue Event2	115202	GrossRevenueEvent2
Other Direct Expenses Event2	302181	OtherDirectExpensesEvent2
Total Number Of Other Events	9	TotalNumberOfOtherEvents
Gross Receipts Other Events	1613556	GrossReceiptsOtherEvents
Charitable Contrib Other Events	1148008	CharitableContribOtherEvents
Gross Revenue Other Events	465548	GrossRevenueOtherEvents
Other Direct Expenses Other Events	1188187	OtherDirectExpensesOtherEvents
Gross Receipts Total	5750842	GrossReceiptsTotal
Charitable Contributions Total	5031432	CharitableContributionsTotal
Gross Revenue Total Events	719410	GrossRevenueTotalEvents
Other Direct Expenses Total Events	2175045	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	2175045	DirectExpenseSummaryEvents
Net Income Summary	-1455635	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	44814	GrossRevenueOtherGaming
Non Cash Prizes Other Gaming	42424	NonCashPrizesOtherGaming
Volunteer Labor Other Gaming	true	VolunteerLaborOtherGaming
Volunteer Labor Prcnt Other Gaming	1.00000	VolunteerLaborPrcntOtherGaming
Gross Revenue Total Gaming	44814	GrossRevenueTotalGaming
Non Cash Prizes Total Gaming	42424	NonCashPrizesTotalGaming
Direct Expense Summary Gaming	42424	DirectExpenseSummaryGaming
Net Gaming Income Summary	2390	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	0.60000	PercentageOfGamingOwnFacility
Percentage Of Gaming Othr Facility	0.40000	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 Univ	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	63490	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	Conserv. 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

Field	Value	IRS element (for citing)
Type Of Grant	Student Scholarships and Stipends	TypeOfGrant
Number Of Recipients	3096	NumberOfRecipients
Amount Of Cash Grant	30474713	AmountOfCashGrant
Method Of Valuation	N/A	MethodOfValuation
Description Of Non Cash Assistance	N/A	DescriptionOfNonCashAssistance

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.

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
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 (16 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg
Wellington Reiter
181617	446704	8660	7004	643985
Walter E Massey
148765	2750			151515
Samuel Quigley
177211	679	16239	8162	202291
Rose Milkowski
168840	139	15345	1837	186161
Mary Jane Drews
174597	162571	54000	1366	392534	7937
Lisa Wainwright
187265	388	4643	13767	206063
Julia E Getzels
293898	11772	49413	21396	376479	11084
James Cuno
622528	403867	287501	12417	1326313	278116
Eugene Adams
175435	17445	34000	19101	245981
Eric Anyah
218582	16724	21000	13118	269424
Elizabeth Grainer
175230	679	47000	7134	230043
Edward McNulty
267242	8490	47919	12417	336068	16358
Douglas Druick
168576	5637	69000	8162	251375
David Thurm
317981	41960	29495	33890	423326
Brian Esker
166769	16735	20000	7949	211453
Anthony Jones
183484	74323	158175		415982	57823

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.	The Presidents of the Museum and the School are allowed to travel first-class with certain limitations and to have their spouses accompany them on business related trips with certain limitations outlined in the employment contracts. The President of the School and his spouse traveled first class on one business related trip during calendar year 2010. The Former President of the School had spousal travel during calendar year 2010.The Former President of the School and the Chief Operating Officer for the Museum received housing stipends. The housing stipends were grossed-up for applicable taxes. The stipend and gross-up were both addressed in the individual employment contracts.

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 V	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	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Total ProceedsTotalProceeds	Working Capital ExpendituresWorkingCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Refunding EscrowRefundingEscrow	Amount RetiredAmountRetired	Capital ExpendituresCapitalExpenditures	Issuance Costs From ProceedsIssuanceCostsFromProceeds
55941880	1880	55940000	2002	true	false	true	true
113695358	5986	90971527	2002	true	true	true	true	22717845
139158000			2009	false	false	true	true		80000000	139158000
18750756	30148	18501062	1988	true	false	true	true		5440000		219546

Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
false	false	false	false	true	0.00000	0.00000	0.00000	true
false	false	false	false	true	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	false	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

Form990 Schedule K Part V Form990ScheduleKPartV

Field	Value	IRS element (for citing)
Explanation	Part I, Line C, Column(f) - Description of Purpose - Refund 10/15/1992 Bonds, Refund 2/23/1995 Bonds, Refund 3/27/1996 Bonds, and Advance Refund Portion of 2/9/2000 Series 2000A Bonds. Part II, Line 3, Bond Issues "A" and "C" - The difference between total proceeds of issue and issue price reported in Part I, Column(e) is investment earnings. Part II, Line 16, Bond Issue "D" - The Borrower reserves the right to modify final allocation.	Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

Field	Value	IRS element (for citing)
Name Of Interested Person	NA	NameOfInterestedPerson
Relationship With Organization	N/A	RelationshipWithOrganization
Amount Of Grant	11932	AmountOfGrant
Type Of Assistance	Tuition Remission	TypeOfAssistance

Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
F Waddell Nthrn Trst CEO
Trustee	263558	Inv.Custody/Perf Serv.	false
J Rowe Nthrn Trst Brd Memb
Trustee	263558	Inv.Custody/Perf Serv.	false
J Rowe Exelon CEODir
Trustee	1051156	ComEd Electrical Serv.	false
A Jones Spouse P Carroll
Former Officer	14225	Employee Compensation	false
W Daley JPMorgan Officer
Trustee	146465	LOC/Banking Serv.	false

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	383	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	70	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	52485	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	174	NumberOfContributions
Noncash Contribs Rptd F990	11754718	NoncashContribsRptdF990
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	Airfare	380	150090	FMV
X	Equipment	1	54045	FMV
X	Special Events	196	466952	FMV

Field	Value	IRS element (for citing)
Number Of8283 Received	26	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 & 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 & Director of the Museum and the President 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 based on independent salary surveys 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 members of the Board of Trustees, Board of Governors, and Standing and Advisory Committees, and all officers and assistant officers of the Institute (collectively known as Related Parties) must act in the best interests of the Institute, without regard to their business, family, or personal activities and concerns. If a Related Party believes he or she has an actual or potential financial conflict of interest, the Related Party shall immediately disclose such conflict to the Chairman of the Board and to the 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. All Related Parties, other than members of the curatorial and library Advisory Committees, 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	The Form 990 is reviewed in detail by the Institute's Audit Committee before filing with the Internal Revenue Service. The Board of Trustees are also provided a copy of the Form 990 before it is filed with the Internal Revenue Service.	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. 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. Once a donor's cumulative giving totals $50,000, the donor becomes an Honorary Governing Member with all the rights and privileges of a Governing Member.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.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 may become an Annual Member upon such terms as may be fixed from time to time 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: Samuel M. Mencoff and John A. Edwardson; 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.	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	866140	3429913	NA
AIC MS SS LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE		3333747	NA
AIC BLK LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	235296	10264506	NA
AIC AX LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE		2127543	NA
AIC AA LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	169055	3497930	NA
AICHP LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	19575	1887786	NA
AICGS LLC
111 South Michigan Avenue	Chicago	IL	60603	362167725	Investments	DE	386209	4376894	NA
AICCB LLC
111 South Michigan Avenue	Chicago	IL	60603	205052348	Investments	DE	560176	5831077	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	610350	FMV
Ox-Bow
b	60000	FMV