2011-08-01T10:30:23-05:00 2010-12-31 WOLF & COMPANY LLP 1901 S MEYERS RD SUITE 500 OAKBROOK TERRACE IL 601815209 990 2010-01-01 361505770 The Morton Arboretum MORT 6309680074 4100 Illinois Route 53 Lisle IL 605321293 Timothy E Wolkober 6309680074 2011-06-27 1 JODY A GAUTHIER 6305454500 2010 2016-02-24 21:20:13Z Timothy E Wolkober 4100 Illinois Route 53 Lisle IL 605321293 65472861 0 X www.mortonarb.org X X 1972 IL Collect and study woody plants; encourage the planting and conservation of trees. 19 19 381 1006 0 0 6162739 6363867 3254334 3426248 -13930627 6299155 3193970 3739924 -1319584 19829194 0 0 0 0 11833103 11955077 0 0 2436064 13219363 13606439 25052466 25561516 -26372050 -5732322 263556740 283231528 45493287 45525788 218063453 237705740 X To collect and study woody plants from around the world, to display them for people to study and to learn how to grow them in ways that enhance our environment; to encourage the planting and conservation of trees for a greener, healthier and more beautiful world. 0 0 8851731 Plant Collections: Planted 5,001 trees and other woody plants at the Arboretum in 2010. Maintained 1,700 acres of landscapes, gardens, natural areas, and 222,490 plant specimens. Completed woodland conservation management and research plan. Developed interactive collections map system to improve techniques for locating plants and managing records. Conducted operations involving living plant collections, plant production, natural resources, horticulture, and landscape architecture. Maintained indoor and outdoor facilities and equipment to support the Arboretum overall; upgraded where necessary to improve visitor experience and sustainability. 2549949 746432 Education and Information: The Education and Information programs promote the value and appreciation for the planting and protection of trees and woody plants by improving natural science literacy, motivating tree conservation practice, and enabling audiences to access relevant, expert information. Program areas include a 4 acre Children's Garden, Plant Clinic, and Library specializing in sharing expertise in botany and horticulture as can be grown in Northern Illinois. Education and Exhibit programs enable audiences to participate in workshops and classes focused on trees, home landscape gardening, woodland stewardship, botanical art and illustration, nature photography, and ornithology. Enrolled over 40,000 participants in education programs, including 36,000 youth in field trips, summer science camps, and scouting programs. Exhibited Steelroots, a temporary sculpture exhibition, and Flora, Illuminated, a botanical art exhibition. Lead Arbor Day "Every Tree Counts" programming in Chicago and region. 1509720 Research: Collaborated with regional municipalities to develop initiatives to advance the planting and care of urban forests; included are Chicago Trees Initiative, Chicago Metropolitan Agency for Planning, Chicago Region Tree Census and Chicago Wilderness. Offered major symposium on invasive pests affecting trees. Served as advocate for trees in 270 communities.Furthered studies in plant health care, plant conservation biology, forest ecology, urban soil science, root biology and plant systematics. Authored papers for professional publications and delivered presentations to share knowledge with industry peers and others who benefit from the information. Managed labs dedicated to tree science and herbarium (collection of preserved plant specimens) for botanical research. 7815169 6514497 Visitor Programs: Welcomed visitors every day of the year. Set new attendance record in 2010 with 831,400 visitors, positioning the Arboretum as one of the most visited public gardens in North America. Served membership of 35,000 households. Hosted various special events and seasonal activities as opportunities for visitors and members to engage in mission. Provided opportunities to introduce patrons to mission and programs and accommodate their needs through visitor center, store, restaurant, group tours, and banquet and conference facilities. 7815169 6514497 20726569 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 97 0 1 381 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X Timothy E Wolkober 6307192405 4100 Illinois Rte 53 Lisle IL 605321293 W Robert Reum 8.00 X 0 0 0 James F Dickerson 8.00 X 0 0 0 William P Ritchie 8.00 X 0 0 0 Walter W Becky II 8.00 X 0 0 0 Stephen W Baird 8.00 X 0 0 0 Anna Caroline Ball 8.00 X 0 0 0 Christopher Burke 8.00 X 0 0 0 James A Crouthamel 8.00 X 0 0 0 Stephen C Gieser 8.00 X 0 0 0 Thomas E Gleitsman 8.00 X 0 0 0 Ann Grube 8.00 X 0 0 0 Charles C Haffner III 8.00 X 0 0 0 Darrell B Jackson 8.00 X 0 0 0 Kenneth Koranda 8.00 X 0 0 0 Timothy M Murray 8.00 X 0 0 0 Fredrick Paulman 8.00 X 0 0 0 Henry B Pearsall 8.00 X 0 0 0 Lee S Selander 8.00 X 0 0 0 Catherine Slark 8.00 X 0 0 0 Gerard T Donnelly PhD 40.00 X 289839 0 26276 Timothy E Wolkober CPA 40.00 X 144213 0 16912 Kris Bachtell 40.00 X 125863 0 19586 Penn French 40.00 X 107270 0 3808 Jill Koski 40.00 X 165385 0 22278 Susan Wagner 40.00 X 138883 0 1938 Donna Biernadski 40.00 X 32118 0 3570 Grant Gilbert 40.00 X 116901 0 18956 Kelly Vantine 40.00 X 106459 0 11249 Richard Hootman 40.00 X 101491 0 10003 Gary Watson 40.00 X 100342 0 17218 1428764 0 151794 10 0 1 0 Kelly Scott & Madison Inc 35 East Wacker Drive Chicago IL 60601 Advertising 548650 Aramark Corporation 1101 Market St Philadelphia PA 19107 Food Service Management 394187 Buck Services 256 W Roosevelt Rd West Chicago IL 60185 Janitorial 226585 Hill Mechanical 11045 Gage Avenue Franklin Park IL 60131 Facilities Maintenance 157107 Jones Day 77 West Wacker Drive Chicago IL 60601 Legal 143011 12 3159505 177791 617278 2409293 216110 6363867 Visitor Events 713990 1562156 1562156 Admissions 713990 1117660 1117660 Education 713990 746432 746432 3426248 7527140 7527140 593652 593652 593652 593652 42609741 43837726 -1227985 -1227985 -1227985 36400 177791 131157 -94757 -94757 4915813 1674784 3241029 3241029 19829194 7260929 0 6204398 1038997 416190 444239 178568 8594964 6752743 917963 924258 480241 377307 51291 51643 1133746 890742 121087 121917 707129 555565 75523 76041 202983 202983 29969 2250 27719 335355 117065 144466 73824 208889 208889 1940273 1389953 185087 365233 636904 626756 6896 3252 3441010 2738978 228571 473461 91721 91721 1293623 1292293 1330 154967 130612 11642 12713 190931 70892 39163 80876 429305 429305 2709734 2693086 10432 6216 300356 300356 CONTRACT TEMPORARY HELP 1437100 1437100 0 0 OTHER EXPENSES 55945 7204 9481 39260 STAFF DEVELOPMENT 55782 25516 13141 17125 EQUIPMENT 55638 50680 733 4225 MEMBERSHIP DUES 35954 10104 18398 7452 25561516 20726569 2398883 2436064 63231 3208992 2532749 1436898 1118076 251194 1197918 262148 277334 36233 34329 72750016 27283282 47864355 45466734 192070422 203347298 18047802 28952523 315465 304567 263556740 283231528 2964583 2940713 528704 585075 42000000 42000000 45493287 45525788 X 213610809 232923985 3492348 3744732 960296 1037023 218063453 237705740 263556740 283231528 X -5732322 25374609 X X 0 1 1 X 1 1 X 5185448 5608406 5436111 6162739 6363867 28756571 5185448 5608406 5436111 6162739 6363867 28756571 28756571 7171107 7982693 7678255 7524438 8120792 38477285 67233856 35265361 0.42770 0.42810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X Classroom Education 0 8843016 245000 1266407 141910 10212513 6502087 740000 1716604 115675 8843016 8965785 1163023 -2062683 1564038 6502087 0.74140 0.10150 0.15700 0 0 1266234 1266234 32120481 10610523 21509958 7483513 5018461 2465052 31879788 11654298 20225490 45466734 Real Estate Guggenheim Plus 2304249 F Priv. Eq. - Madison Dearborn 2255443 F Hedge Fund - Evanston-Weatherlow 23264975 F Priv. Eq. - Adam Street Partners 1003847 F Priv. Eq. - Bear Stearns 124009 F 28952523 19829194 25561516 -5732322 25374609 25374609 19642287 46800855 25374609 -208889 25165720 21635135 -1805941 -1805941 19829194 27158568 1805941 1805941 25352627 208889 208889 25561516 Part III, Line 1A: Capitalization Policy: Arboretum Collections - The Arboreturm's rare books and print collections are not capitalized in the accompanying audited financial statements. Living woody plants are also not capitalized unless they are a major part of a capital project. Purchases of collection items that are not capitalized are recorded as decreases in unrestricted net assets. Part III, Line 4: Description of Collections and Furtherance of Exempt Purpose: Living Collection - Woody plants in categories of taxonomic, geographic, special habitat, horticultural, rare/endangered. 222,490 specimens represent 4,277 different kinds of trees, shrubs and other plants from 40 countries in the northern temperate zone. Displayed across 1700 acres of natural landscapes. Provided for botanical, horticultural, and artistic study (education and research purposes) and enjoyment (cultural purpose). Herbarium Collection: Dried woody plant specimens totaling 187,000. Housed in research lab. Supports study of origin and evolution of plant species (scientific research purpose). Library Collection - 28,000 books and 110 periodicals on botany, horticulture, landscape design, natural history, ecology; corresponding rare documents, and other printed materials; 12,000 botanical artworks and 3,400 landscape drawings. Available for botanical, horticultural, and artistic study of plants (educational, research, and cultural purposes). Part V, Line 4: Intended Use of Endowment Funds: The term endowments are spent per the donor's directions. The permanent endowment is maintained in perpetuity to support the mission and operations of the Arboretum. The board designated endowments are applied to purposes defined by the board in support of the mission and operations of the Arboretum. Part XII, Line 2D: Reconciliation: $208,889 of investment management fees netted against investment income on the audited financial statements. Part XII, Line 4B: Reconciliation: Cost of Sales of $1,674,784 and $131,157 of fundraising expenses are included in expenses on the audited financial statements. Part XIII, Line 2D: Reconciliation: Cost of sales of $1,674,784 and $131,157 of fundraising expenses are included in expenses on the audited financial statements. Part XIII, Line 4B: Reconciliation: Investment management fees of $208,889 netted against investment income on the audited financial statements. Dinner Party 214191 177791 36400 74464 43456 1350 11887 214191 177791 36400 74464 43456 1350 11887 131157 -94757 X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 Gerard T Donnelly PhD 289839 0 0 0 0 0 14700 0 11576 0 316115 0 0 0 Timothy E Wolkober CPA 144213 0 0 0 0 0 8866 0 8046 0 161125 0 0 0 Jill Koski 165385 0 0 0 0 0 10702 0 11576 0 187663 0 0 0 Part I, Line 1a A residence is provided for the President and CEO of the Arboretum, currently Gerard T. Donnelly, as a condition of employment and for the convenience of the Arboretum. The value of this residence is not treated as taxable compensation. Landscaping services are also provided for all Arboretum properties, including the President's residence. Supplemental Information Part III Part I, Line 4a: Severance Payment Penn French, V.P. Marketing received a severance payment of $75,524 in connection with the termination of his employment. Part 1, line 4b: The following individuals participated in a section 457(b) Supplemental Non-Qualified Retirement Plan. The individuals are listed with the respective amounts of their deferrals: Gerard Donnelly - $16,500 Penn French - $3,333 Timothy Wolkober - $22,166 Donna Biernadski - $2,885 The County of Dupage Illinois 366006551 262668AC0 2003-12-17 42000000 See Schedule O 0 0 0 42155070 326250 1482400 40346420 2005 0 0 1 1 0 0 0 0 1 1 0 1 0 1 CITIGROUP GLOBAL MARKETS 1.500000000000 1 0 0 James Dickerson Bank of America Director 422845 Int Exp 0 Darrell Jackson Northern Trust Exec 119088 Inv Mgmt 0 William Ritchie Partner Jones Day 143011 Legal 0 X 16 184610 Fair Market Value X Restroom Services 1 3500 Fair Market Value X Landscape Matl 1 28000 Fair Market Value 0 1 0 Form 990, Part VI, Section B, line 11 Form 990 is prepared by the Arboretum's accountants, reviewed by the Audit Committee and distributed to the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The Morton Arboretum requires that all trustees, employees, and volunteers disclose and declare any personal, familial, or business relationships, situations, or activities that have the potential to create a conflict of interest or the perception of a conflict of interest. For trustees and employees, the declaration must be renewed annually or when applicable changes in status occur. The Arboretum supplies a Conflict of Interest Declaration form to all trustees and employees for this purpose. Volunteers are informed of this policy at the onset of their service, in the published volunteer handbook, and in periodic communications. For all trustees, employees, and volunteers, relationships or situations that arise that may create or appear to create a conflict of interest must be brought to the attention of the President or the Chairman of the Board of Trustees. Form 990, Part VI, Section B, line 15 The process for determining compensation of officers and key employees includes a market analysis of comparable positions from peer gardens and other similar organizations for bench marking purposes. This information is reviewed by internal Human Resources professionals and the compensation committee of the Board of Trustees. The full Board reviews and approves recommendations of compensation matters for the President and CEO. The compensation of other officers and key employees is approved by the compensation committee of the Board. Form 990, Part VI, Section C, line 19 Financial statements are available to the public on our website (www.mortonarb.org) and in our Annual Report. Governing documents and Conflict of Interest Policy are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 25,374,609. Form 990, Part XII, line 2c: This process has not changed from the prior year. SCHEDULE K. PART I. LINE A. COLUMN F The proceeds of the bonds were used for the costs of certain capital improvements to the facilities of the borrower located in Lisle, Illinois, including (a) the construction of a Visitor Center and Tram Road; (b) visitor facilities and a Prairie Visitor Station, (c) the expansion and improvement of the main entrance to The Morton Arboretum, (d) the restoration of the riverbank, (e) the construction of parking lots and support facilities, (f) the construction of a children's garden, maze garden, Arbor Court and Meadow Lake courtyard facilities and (g) landscaping, storm water facility and related improvements, (ii) pay a portion of the interest to accrue on the bonds and (iii) pay a portion of certain expenses incurred in connection with the issuance of the bonds. SCHEDULE K. PART IV. LINE 1 No; there was no arbitrage rebate or penalty due. The net rebate liability was negative.