2025-02-17T14:04:34-06:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2023-07-01 366210902 THE ADLER PLANETARIUM ADLE 3123220327 1300 S DUSABLE LAKE SHORE DRIVE CHICAGO IL 60605 MICHELLE B LARSON PHD VP FOR FINANCE & ADMIN/CFO 3123220327 2025-02-17 1 1 BRIDGET ROCHE P00666837 3128560200 2023 2025-03-06 01:10:19Z MICHELLE B LARSON PHD 1300 S DUSABLE LAKE SHORE DRIVE CHICAGO IL 60605 21683202 0 X WWW.ADLERPLANETARIUM.ORG X 1930 IL ADLER'S MISSION IS TO CONNECT PEOPLE TO THE UNIVERSE AND EACH OTHER UNDER THE SKY WE ALL SHARE. 54 54 185 300 5365 0 9837130 7878126 6176636 6290218 1035581 1681066 1724849 1437351 18774196 17286761 0 33385 0 0 9369139 11688396 0 142392 1137481 6663634 7144760 16032773 19008933 2741423 -1722172 67133417 68795804 30954818 29822794 36178599 38973010 X THE ADLER PLANETARIUM ('ADLER') IS A NOT-FOR-PROFIT CULTURAL INSTITUTION WHOSE MISSION IS TO CONNECT PEOPLE TO THE UNIVERSE AND EACH OTHER UNDER THE SKY WE ALL SHARE. IT ASPIRES TO BE THE WORLD'S PREMIER CENTER FOR ENGAGING IN ASTRONOMY AND SPACE SCIENCE. 0 0 12681277 33385 6290219 WHETHER THE ADLER PLANETARIUM IS INTRODUCING A GUEST TO THE RING NEBULA, A NEIGHBORHOOD SCHOOL TO A COMMUNITY PARTNER, A RESEARCH TEAM TO A NETWORK OF CITIZEN SCIENTISTS, OR ONE STAFF MEMBER TO ANOTHER, THE MUSEUM'S FOCUS ON MEANINGFUL CONNECTIONS DATES BACK NEARLY A CENTURY. THE MUSEUM TYPICALLY HOSTS APPROXIMATELY A HALF A MILLION VISITORS EACH YEAR AND REACHES MILLIONS MORE THROUGH YOUTH STEAM PROGRAMS, NEIGHBORHOOD SKYWATCHING EVENTS, PEOPLE-POWERED RESEARCH, AND OTHER OUTREACH EFFORTS. TODAY, THE ADLER IS ALSO BRINGING OUR UNIQUE APPROACH - SCIENTIFIC EXPLORATION ROOTED IN COMMUNITY AND CONNECTION - TO GUESTS FROM AROUND THE WORLD WHO CAN ENJOY THE DIGITAL ADLER FOR THEIR OWN HOMES, LIBRARIES, SCHOOLS OR OFFICES.WITH ADLER'S SUPPORT, PEOPLE OF ALL AGES, BACKGROUNDS, AND ABILITIES GAIN THE CONFIDENCE TO EXPLORE THEIR UNIVERSE TOGETHER AND RETURN TO THEIR COMMUNITIES READY TO THINK CRITICALLY AND CREATIVELY ABOUT ANY CHALLENGE THAT COMES THEIR WAY.THE MUSEUM HAS AN ONLINE TICKETING PLATFORM, AND AN OPERATING MODEL THAT HAS SIGNIFICANTLY IMPROVED PER CAPITA TICKET REVENUE THROUGH CHANGES MADE SINCE THE COVID PANDEMIC. THIS INCLUDES A SCHEDULE OF PUBLIC HOURS EVERY WEDNESDAY EVENING FOR OUR EXHIBITIONS, SKY SHOWS, AND TELESCOPE VIEWING. NEW CONTENT OFFERINGS, LIKE AN AWARD-WINNING, ORIGINAL PLANETARIUM SHOW NIYAH AND THE MULTIVERSE AND A NEW EXHIBITION, OTHER WORLDS, SUPPORT GOOD ATTENDANCE. SCHOOL-GROUP-ONLY DAYS ARE PROVIDING MEANINGFUL EXPERIENCES AT THE MUSEUM FOR 10,000S OF EDUCATORS AND THEIR STUDENTS. IN 2024 A MAJOR RENOVATION WAS COMPLETED OF AREAS USED TO CARE FOR THE ADLER'S HISTORIC ASTRONOMY ARTIFACTS, ONE OF THE WORLD'S MOST IMPORTANT COLLECTIONS TELLING THE STORY OF THE HUMAN CONNECTION WITH THE SKY.ADLER IS CONTINUING ITS ENGAGEMENT IN ONLINE SPACES, WELCOMING MILLIONS OF PEOPLE AROUND THE WORLD INTO ADLER EXPERIENCES, THROUGH STORYTELLING AND ENGAGING DIRECTLY IN SCIENCE AND DISCOVERY.THROUGH ZOONIVERSE.ORG, AN ONLINE CITIZEN-SCIENCE PLATFORM CO-FOUNDED BY ADLER, OVER 2.8 MILLION VOLUNTEERS AROUND THE WORLD - MANY OF WHOM HAVE NO FORMAL SCIENTIFIC TRAINING - CONTRIBUTE TO REAL SCIENTIFIC RESEARCH PROJECTS. TO DATE, ZOONIVERSE VOLUNTEERS HAVE CLASSIFIED MILLIONS OF GALAXIES, INSPECTED HUNDREDS OF THOUSANDS OF TUBERCULOSIS BACTERIA TO FIGHT ANTIBIOTIC RESISTANCE, DISCOVERED NEW EXOPLANETS, AND HELPED RESEARCH TEAMS ACROSS DISCIPLINES TACKLE HUGE DATA SETS.THROUGH A RICH ARRAY OF DIGITAL PROGRAMMING, FROM OUR SKYWATCH WEDNESDAY ONLINE PLANETARIUM SHOW TO OUR SKY OBSERVER'S HANGOUT YOUTUBE LIVESTREAM EVENTS WITH OUR PUBLIC OBSERVING TEAM TO OUR WOW! SIGNAL SCIENCE SKETCH COMEDY AND MUSICALS TO OUR ONLINE GOOGLE ARTS & CULTURAL EXHIBITIONS, THE ADLER HAS CONTINUED TO PROVIDE A RICH ARRAY OF OPPORTUNITIES TO FOSTER CONNECTIONS AND CREATE SPACE FOR THE WONDERS OF OUR UNIVERSE AND CASTING SCIENCE AS THE STORIES OF HUMANITY.ADLER TEENS CONTINUED TO WORK WITH OUR SCIENTISTS AND ENGINEERS TO CARRY OUT THE FIRST-EVER LIGHT-POLLUTION SURVEY OF CHICAGO. THEY ALSO CONTINUE TO EDUCATE OTHERS AND ADDRESS LIGHT POLLUTION IN THEIR OWN COMMUNITIES. AND, ADLER AND CHICAGO-AREA ASTRONOMERS INTERACT DIRECTLY WITH MUSEUM GUESTS SEVERAL DAYS PER WEEK TO DISCUSS TOPICS IN SPACE SCIENCE RESEARCH THROUGH OUR GROWING ASTRONOMY CONVERSATIONS PROGRAM. MAKING CONNECTIONS BETWEEN PEOPLE, IDEAS, AND OUR UNIVERSE DOESN'T JUST FEEL GOOD - IT DRIVES SCIENTIFIC PROGRESS. WHEN PEOPLE FEEL WELCOME IN THE SCIENTIFIC COMMUNITY, THEY DELIVER REAL RESULTS. THROUGH THE WONDER OF SPACE SCIENCE, THE ADLER CONNECTS PEOPLE, COMMUNITIES AND INSTITUTIONS SO WE CAN EXPLORE OUR UNIVERSE TOGETHER AND USE OUR COLLECTIVE KNOWLEDGE AND SKILLS TO CREATE A BETTER WORLD FOR EVERYONE. 12681277 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 49 0 1 185 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 54 54 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X AUDRIS WONG 3123220327 1300 S DUSABLE LAKE SHORE DRIVE CHICAGO IL 60605 MICHELLE B LARSON PHD PRESIDENT AND CEO 35.00 0.00 X X 517793 0 13695 KECIA STEELMAN BOARD CHAIR 1.00 0.00 X X 0 0 0 NANCY S GERRIE BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 AARON C RUDBERG BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 JONATHAN H HERBST BOARD TREASURER 1.00 0.00 X X 0 0 0 DANIEL T MUELLER BOARD SECRETARY 1.00 0.00 X X 0 0 0 RAJ BHATIA BOARD EXECUTIVE COMMITTEE MEMBER 1.00 0.00 X 0 0 0 MUHAMMAD GIGANI BOARD EXECUTIVE COMMITTEE MEMBER 1.00 0.00 X 0 0 0 LINDA P JOJO BOARD EXECUTIVE COMMITTEE MEMBER 1.00 0.00 X 0 0 0 CATHERINE KENWORTHY BOARD EXECUTIVE COMMITTEE MEMBER 1.00 0.00 X 0 0 0 STEVEN S LOUIS MD BOARD EXECUTIVE COMMITTEE MEMBER 1.00 0.00 X 0 0 0 SCOTT C SWANSON BOARD EXECUTIVE COMMITTEE MEMBER 1.00 0.00 X 0 0 0 CYNTHIA L BALLEW BOARD MEMBER 1.00 0.00 X 0 0 0 RUSSELL F BARTMES BOARD MEMBER 1.00 0.00 X 0 0 0 NEIL W BOOK BOARD MEMBER 1.00 0.00 X 0 0 0 LIAM CAFFREY BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID A CROWN PH D BOARD MEMBER 1.00 0.00 X 0 0 0 DANIEL R EDER BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN W ESTEY BOARD MEMBER 1.00 0.00 X 0 0 0 LILLY FARAHNAKIAN BOARD MEMBER 1.00 0.00 X 0 0 0 TACY F FLINT BOARD MEMBER 1.00 0.00 X 0 0 0 RYAN GARINO BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM J GRUBER BOARD MEMBER 1.00 0.00 X 0 0 0 CAROL HIBBARD BOARD MEMBER 1.00 0.00 X 0 0 0 AMELIA A HUNTINGTON BOARD MEMBER 1.00 0.00 X 0 0 0 SETH E JACBOSON BOARD MEMBER 1.00 0.00 X 0 0 0 PETER J LANGAS BOARD MEMBER 1.00 0.00 X 0 0 0 LISA H LEWIS BOARD MEMBER 1.00 0.00 X 0 0 0 ELIZABETH W MCKENNA BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL J MCMURRAY BOARD MEMBER 1.00 0.00 X 0 0 0 MARYANN N MCNALLY BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES C MURRAY BOARD MEMBER 1.00 0.00 X 0 0 0 RANDY NORNES BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES J O'CONNER JR BOARD MEMBER 1.00 0.00 X 0 0 0 JACKSON PALLAS BOARD MEMBER 1.00 0.00 X 0 0 0 IAN C RADOMSKI BOARD MEMBER 1.00 0.00 X 0 0 0 BRAD SERLIN BOARD MEMBER 1.00 0.00 X 0 0 0 BROOKE GRAYDON SLADE BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN THOMPSON BOARD MEMBER 1.00 0.00 X 0 0 0 TINA M TROMICZAK BOARD MEMBER 1.00 0.00 X 0 0 0 CHRIS RAUCH BOARD MEMBER 1.00 0.00 X 0 0 0 CAPT JAMES A LOVELL JR BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 CAROLYN BOWMAN BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 LINDA I CELESIA BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 FRANK M CLARK BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 DONALD C CLARK JR BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 BRYAN C CRESSEY BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 J DOUGLASS DONENFELD BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J FELDMAN BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 DAVID W FOX SR BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 NANCY EMRICH FREEMAN BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 HOWARD S GOSS BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 RAJ P GUPTA PE BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 DAVID MINTZER PH D BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 EDWARD J WILLIAMS BOARD LIFE TRUSTEE 1.00 0.00 X 0 0 0 JOHN E CARLSTROM PH D BOARD EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 WENDY FREEDMAN PH D BOARD EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 ASHLEY HEMPHILL NETZKY BOARD EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 SEAN B REYNOLDS BOARD EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 ROSA ESCARENO BOARD EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 AUDRIS WONG VP, FINANCE AND ADMINISTRATION/CFO 35.00 0.00 X 222529 0 9616 RYUTARO MIZUNO VP, MARKETING & COMMUNICATIONS 35.00 0.00 X 217252 0 28311 LAURA TROUILLE VP, CITIZEN SCIENCE 35.00 0.00 X 186534 0 7797 ANDREW JOHNSTON VP, ASTRONOMY & COLLECTIONS 35.00 0.00 X 178334 0 7459 JENEAN FEATHERSON SENIOR DIRECTOR OF HUMAN RESOURCES 35.00 0.00 X 126899 0 22639 GEZA GYUK SENIOR DIRECTOR OF ASTRONOMY 35.00 0.00 X 121528 0 24004 RANDALL LEAVER CONTROLLER 35.00 0.00 X 127593 0 11581 ANN GRANT SENIOR DIRECTOR OF DEVELOPMENT 35.00 0.00 X 125599 0 12112 LESLIE LEHMAN SENIOR DIRECTOR OF FACILITIES & PARK SAFETY 35.00 0.00 X 112088 0 6157 1936149 0 143371 12 0 1 0 DIVERSE FACILITY SOLUTIONS INC 12838 S CICERO AVENUE ALSIP IL 60803 MAINTENANCE & CLEANING SERVICES 243204 COMMUNITY COUNSELING SERVICE CO LLC 527 MADISON AVENUE 5TH FLOOR NEW YORK CITY NY 10022 FUNDRAISING 197608 TROOP CONTRACTING 648 EXECUTIVE DRIVE WILLOWBROOK IL 60527 CONSTRUCTION SERVICES 185458 GALLAGHER BENEFIT SERVICES INC PO BOX 95148 CHICAGO IL 60694 BENEFIT PLAN CONSULTANTS 169450 TOTAL ELEVATOR SERVICE 10064 CLOW CREEK ROAD PLAINFIELD IL 60585 REPAIRS AND MAINTENANCE 124791 9 176702 901559 3510662 3289203 158359 7878126 ADMISSIONS 712100 6201840 6201840 0 0 SKY SHOWS 712100 88378 88378 0 0 6290218 1380167 1380167 1338272 279613 1058659 1058659 1058659 4245689 3944790 300899 300899 300899 54600 901559 172038 -117438 -117438 FOOD SERVICE AND CONCESSIONS 722211 461885 461885 MISCELLANEOUS 900099 30362 5365 24997 REBATES 900099 3883 3883 496130 17286761 6290218 5365 3113052 33385 33385 1363206 598518 549560 215128 7006072 4994874 1731746 279452 1901955 156470 1732672 12813 777879 514522 219618 43739 639284 449286 159156 30842 47151 47151 88980 88980 142392 142392 65108 65108 1481721 834206 323759 323756 64295 18181 18864 27250 508198 436447 58409 13342 224525 177666 40213 6646 962272 925342 29933 6997 117290 92690 17024 7576 642629 642629 2043216 2030489 9923 2804 251536 241315 7969 2252 CLEANING & MAINTENANCE 456451 437781 14556 4114 CATERING 55007 13601 24560 16846 EDUCATIONAL PROGRAM COS 32555 32555 0 0 ACQ. FOR COLLECTIONS 11590 0 11590 0 92236 51320 39384 1532 19008933 12681277 5190175 1137481 153562 82760 10337573 9640557 1821396 383664 356091 527465 324732 384257 83035549 63532116 19824650 19503433 32150648 36369746 2164765 1903922 0 0 0 0 67133417 68795804 1667050 1799577 998247 993416 27000000 27000000 1289521 29801 30954818 29822794 X 24445100 29060532 11733499 9912478 36178599 38973010 67133417 68795804 X -1722172 2844479 1672104 X 0 1 X 1 1 1 X 7776817 7501112 13194712 7690963 7878126 44041730 1753493 1757932 2153925 2146167 2197588 10009105 9530310 9259044 15348637 9837130 10075714 54050835 2451426 51599409 1524067 682964 1679336 2426042 2718439 9030848 369645 17076 323240 591715 545365 1847041 64928724 26790542 0.79470 0.78300 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 16,129. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 6,864. 2022 AMOUNT: $ 27,335. 2023 AMOUNT: $ 24,997. FUNDRAISING - 2019 AMOUNT: $ 95,550. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 68,550. 2023 AMOUNT: $ 54,600. FOOD SERVICE AND CONCESSION - 2019 AMOUNT: $ 257,966. 2020 AMOUNT: $ 17,076. 2021 AMOUNT: $ 316,376. 2022 AMOUNT: $ 495,830. 2023 AMOUNT: $ 461,885. REBATES - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 3,883. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 5417465 370000 539795 272492 6054768 5246002 391411 219948 5417465 5927790 -388126 293662 5246002 5385864 638463 96537 5927790 5595246 -9606 199776 5385864 0.17100 0.82900 0.00000 1 0 41849999 31718231 10131768 7984517 3325954 4658563 8304352 7023870 1280482 24896681 21464061 3432620 19503433 CAPITAL LEASE OBLIGATION 29801 29801 X 22429844 2844479 238183 2125529 5208191 17221653 65108 65108 17286761 19635433 238183 453425 691608 18943825 65108 65108 19008933 PART III, LINE 4: IN CONFORMITY WITH THE ACCOUNTING PRACTICES GENERALLY FOLLOWED BY MUSEUMS, THE ADLER'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ADLER'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. THE ADLER'S COLLECTIONS ARE MADE UP OF MORE THAN 7,000 ARTIFACTS AND ARCHIVAL WORKS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CULTURAL PURPOSES. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS OR TO SUPPORT THE DIRECT CARE OF COLLECTIONS. DIRECT CARE OF COLLECTIONS IS DEFINED BY THE ADLER AS COSTS THAT PROLONG THE LIFE AND USEFULNESS OF THE COLLECTION, COSTS PROVIDING BENEFITS THAT ENHANCE THE QUALITY AND PROTECTION OF THE COLLECTION, AND COSTS THAT MAKE A PHYSICAL IMPACT ON COLLECTIONS OBJECTS, INCREASING OR RESTORING THEIR CULTURAL OR SCIENTIFIC VALUE. ROUTINE AND ONGOING EXPENDITURES ARE NOT CONSIDERED DIRECT CARE OF COLLECTIONS. SCHEDULE D, PART III, LINE 4: FROM ITS INCEPTION, THE ADLER PLANETARIUM HAS HELD ONE OF THE WORLD'S FOREMOST COLLECTIONS OF INSTRUMENTS RELATED TO ASTRONOMY. TODAY, THE ADLER POSSESSES A MAJOR COLLECTION OF HISTORIC SCIENTIFIC INSTRUMENTS; RARE BOOKS AND OF WORKS ON PAPER DEALING WITH ASTRONOMY, SCIENTIFIC INSTRUMENTS AND RELATED SUBJECTS; A COLLECTION OF REPLICAS AND SIMILAR "HANDS-ON" OBJECTS USED FOR EDUCATIONAL PURPOSES; AND ARCHIVES PERTAINING TO THE HISTORY OF THE ADLER ITSELF. THE ADLER'S HISTORIC SCIENTIFIC INSTRUMENT COLLECTION CONTAINS MORE THAN 2,800 THREE-DIMENSIONAL ARTIFACTS DATING FROM THE 12TH THROUGH THE 20TH CENTURIES, RANGING FROM MEDIEVAL ASTROLABES AND ARMILLARY SPHERES TO SUNDIALS, PLANETARIA, AND TELESCOPES FROM THE SCIENTIFIC REVOLUTION TO CONTEMPORARY INSTRUMENTS FOR CELESTIAL NAVIGATION. THE RARE BOOK COLLECTION (NUMBERING ABOUT 2,700) AND WORKS ON PAPER COLLECTION (MORE THAN 750 WORKS) COVER SUBJECTS RELATED TO ASTRONOMY AND SPACE SCIENCE. THE EDUCATIONAL COLLECTION FURNISHES REALISTIC MODELS AND REPLICAS FOR USE BY THE EDUCATORS ON THE MUSEUM FLOOR AND OFF-SITE, IN SITUATIONS WHERE THE USE OF DELICATE ARTIFACTS WOULD BE INAPPROPRIATE. PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR THE MAINTENANCE AND OPERATION OF THE FACILITIES OF THE ADLER PLANETARIUM. THE ADLER PLANETARIUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE ADLER QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND, ACCORDINGLY, IS ONLY SUBJECT TO FEDERAL OR STATE INCOME TAXES ON SPECIFIC TYPES OF INCOME FROM ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ADLER HAD NO MATERIAL INCOME FROM UNRELATED ACTIVITIES AND HAS NO MATERIAL INCOME TAXES DUE AS OF JUNE 30, 2024. THE ADLER'S APPLICATION OF THE ACCOUNTING STANDARDS REGARDING UNCERTAIN TAX POSITIONS HAD NO MATERIAL EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE ADLER HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF ITS NOT-FOR-PROFIT TAX STATUS. THE ADLER WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DEFINED BENEFIT PENSION PLAN 1,932,947. UNREALIZED LOSS ON INTEREST RATE SWAP -260,843. FUNDRAISING EXPENSE 172,038. RENTAL EXPENSE FROM REAL PROPERTY 279,613. UTILITY EXPENSE REFUND 1,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 172,038. RENTAL EXPENSE FROM REAL PROPERTY 279,613. UTILITY EXPENSE REFUND 1,774. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONFERENCE TRAVEL 56718 NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCE TRAVEL 1552 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCE TRAVEL 7192 0 0 0 0 0 0 65462 0 65462 0 0 0 0 0 0 X X X X X X 1 CCS FUNDRAISING 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 CONSULTING ON CAPITAL CAMPAIGN 0 170000 142392 27608 170000 142392 27608 IL CELESTIAL BASH 956159 901559 54600 21201 150836 956159 901559 54600 21201 150836 172037 -117437 0 FAR FORIZONS YOUTH 41 11215 YOUTH ORGANIZATION FOR LIGHTS OUT 17 9540 YOUTH LEADERSHIP COUNCIL 13 7930 TEACHERS ADVISORY GROUP 10 2250 SUSTAINABLE COLLABORATIONS 4 2000 ECLIPSE EVENT 6 450 X X X X 0 0 0 0 0 0 0 0 0 MICHELLE B LARSON PHD PRESIDENT AND CEO 516943 0 0 0 850 0 13200 0 495 0 531488 0 0 0 RYUTARO MIZUNO VP, MARKETING & COMMUNICATIONS 217252 0 0 0 0 0 9311 0 19000 0 245563 0 0 0 AUDRIS WONG VP, FINANCE AND ADMINISTRATION/CFO 222529 0 0 0 0 0 8605 0 1011 0 232145 0 0 0 LAURA TROUILLE VP, CITIZEN SCIENCE 186534 0 0 0 0 0 7461 0 336 0 194331 0 0 0 ANDREW JOHNSTON VP, ASTRONOMY & COLLECTIONS 177963 0 0 0 371 0 7138 0 321 0 185793 0 0 0 X 4 85326 FAIR MARKET VALUE X CATERING 1 73033 FAIR MARKET VALUE 0 1 0 SCHEDULE M, PART I, COLUMN (B): THE AMOUNT LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A AN "EXECUTIVE COMMITTEE" CONSISTING OF THE CHAIR, VICE CHAIRS, TREASURER, SECRETARY, PRESIDENT AND CEO, AND SIX (6) ADDITIONAL TRUSTEES (ONE OF WHICH MAY BE THE IMMEDIATE PAST CHAIR) ELECTED BY THE BOARD OF TRUSTEES AT THE REGULAR ANNUAL MEETING OF THE BOARD OF TRUSTEES SHALL, WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION EXCEPT AS PROVIDED IN THE ILLINOIS NOT FOR PROFIT CORPORATION ACT. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIVITIES TO THE BOARD OF TRUSTEES AT THE BOARD'S LEGALLY CONVENED MEETINGS. THE PRESIDENT AND CEO SHALL SERVE AS EXECUTIVE SECRETARY TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT OF THE ORGANIZATION AND IF ANY QUESTIONS ARISE DURING THEIR REVIEW, THEY ARE ADDRESSED WITH THEIR PAID TAX PREPARER. A PRESENTATION OF THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE WHO HAS BEEN DELEGATED THE REVIEW RESPONSIBILITY. ALL BOARD MEMBERS RECEIVE A COPY OF THE FINAL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE ADLER PLANETARIUM, ITS BOARD OF TRUSTEES AND COMMITTEES TO ENSURE THAT BOARD MEMBERS AND EMPLOYEES IN ALL OF THEIR ACTIVITIES AVOID CONFLICTS OF INTEREST-ACTUAL, POTENTIAL OR PERCEIVED-WHILE PERFORMING THEIR MUSEUM-RELATED DUTIES. IN PARTICULAR, NO PERSONS SHOULD OBTAIN OR APPEAR TO OBTAIN SPECIAL ADVANTAGES FOR THEMSELVES, THEIR RELATIVES, OR THEIR CLOSE ASSOCIATES AS A RESULT OF THEIR AFFILIATION AS A BOARD MEMBER OR EMPLOYEE. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUESTED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURES ARE REVIEWED BY EXECUTIVE STAFF AND IF A CONFLICT IS DETERMINED TO EXIST, THE MATTER IS BROUGHT TO THE EXECUTIVE COMMITTEE FOR FURTHER REVIEW. THE IMPLICATIONS IN PRACTICE FOR THIS POLICY VARY FROM ACTIVITY TO ACTIVITY AND THIS GENERAL POLICY SHOULD NOT LIMIT THE COOPERATION AND MUTUAL ASSISTANCE THAT IS NECESSARY FOR THE EFFECTIVE FUNCTIONING OF THE ORGANIZATION. IN ADDITION, THE ADLER IS A MEMBER OF THE AMERICAN ASSOCIATION OF MUSEUMS AND SUBSCRIBES TO THE CODE OF ETHICS FOR MUSEUMS. IN SUBSCRIBING TO THIS CODE, THE ADLER ASSUMES RESPONSIBILITY FOR THE ACTIONS OF EMPLOYEES OF THEIR GOVERNING AUTHORITY AND VOLUNTEERS IN THE PERFORMANCE OF MUSEUM-RELATED DUTIES. A COPY OF THE CODE OF ETHICS FOR MUSEUMS IS GIVEN TO ALL NEW EMPLOYEES. IF A CONFLICT IS DETERMINED BETWEEN A BOARD MEMBER AND THE ORGANIZATION, THE CONFLICT IS NOTED AND THE BOARD MEMBER IS ASKED TO ABSTAIN FROM ANY DISCUSSION OF OR VOTING ON ISSUES RELATED TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE ADLER PLANETARIUM IS RESPONSIBLE FOR THE ANNUAL REVIEW AND APPROVAL OF COMPENSATION FOR THE PRESIDENT & CEO. IN JULY 2022, THE COMMITTEE ALSO REVIEWED THE SALARIES FOR OTHER OFFICERS AND KEY EMPLOYEES. A COMPREHENSIVE SALARY BENCHMARKING STUDY WAS COMPLETED IN 2023 FOR ALL STAFF POSITIONS, INCLUDING OFFICERS AND KEY EMPLOYEES, THAT CONSIDERED DATA FROM LOCAL AND NATIONAL MUSEUM AND CULTURAL INSTITUTIONS, AND PROFESSIONAL-BASED SERVICES FIRMS. COMPARATIVE INFORMATION FROM SIMILAR SIZED AND LOCATED NOT-FOR-PROFIT PEER INSTITUTIONS WAS ALSO REVIEWED FOR THE PRESIDENT & CEO AND OTHER OFFICERS AND KEY EMPLOYEES. BASED ON THIS BENCHMARKING DATA, SALARIES WERE THEN ADJUSTED ACCORDING TO A STANDARDIZED FORMULA. THE PRESIDENT & CEO DO NOT TAKE PART IN ANY DECISIONS REGARDING THEIR OWN COMPENSATION. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS ARE KEPT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. THE ADLER MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DEFINED BENEFIT PENSION PLAN 1,932,947. UNREALIZED LOSS ON INTEREST RATE SWAP -260,843.