Civic Intelligence

Chautauqua Institution

990 • Fiscal year 2014 • EIN 16-0758844

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 29, 2015

Box 28Chautauqua, NY 14722-0028

(716) 357-6218

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.07x

Higher debt load relative to assets than 21% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

31st percentile

0.22x

Higher debt load relative to revenue than 31% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

52nd percentile

4.8%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

50th percentile

$323,282

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

49th percentile

5.0%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

21st percentile

-5.7%

Faster revenue growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Flat

$81,352,134

Flat from 2014

Net Assets

Flat

$75,753,245

Flat from 2014

Liabilities

Flat

$5,598,889

Flat from 2014

Revenue

Flat

$25,991,306

Flat from 2014

Expenses

Flat

$24,752,266

Flat from 2014

Net Income

Flat

$1,239,040

Flat from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $71,733,251Liabilities 2010: $3,760,736Net Assets 2010: $67,972,5152010Assets 2011: $73,024,402Liabilities 2011: $3,240,732Net Assets 2011: $69,783,6702011Assets 2012: $75,252,805Liabilities 2012: $3,189,255Net Assets 2012: $72,063,5502012Assets 2013: $77,493,223Liabilities 2013: $2,979,018Net Assets 2013: $74,514,2052013Assets 2014: $81,352,134Liabilities 2014: $5,598,889Net Assets 2014: $75,753,2452014Assets 2014: $81,352,134Liabilities 2014: $5,598,889Net Assets 2014: $75,753,2452014Assets 2015: $114,102,245Liabilities 2015: $2,690,315Net Assets 2015: $111,411,9302015Assets 2016: $119,429,281Liabilities 2016: $5,238,700Net Assets 2016: $114,190,5812016Assets 2017: $129,662,116Liabilities 2017: $8,816,042Net Assets 2017: $120,846,0742017Assets 2018: $124,338,541Liabilities 2018: $3,145,389Net Assets 2018: $121,193,1522018Assets 2019: $124,671,752Liabilities 2019: $4,012,484Net Assets 2019: $120,659,2682019Assets 2020: $118,476,230Liabilities 2020: $6,557,302Net Assets 2020: $111,918,9282020Assets 2021: $271,934,218Liabilities 2021: $5,484,749Net Assets 2021: $266,449,4692021Assets 2022: $249,568,739Liabilities 2022: $5,067,405Net Assets 2022: $244,501,3342022Assets 2023: $272,076,823Liabilities 2023: $5,080,439Net Assets 2023: $266,996,3842023Assets 2024: $304,394,015Liabilities 2024: $6,617,533Net Assets 2024: $297,776,4822024

Highlighted filing

2014

Assets$81,352,134
Liabilities$5,598,889
Net Assets$75,753,245

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $21,613,7852010Expenses 2011: $22,684,4052011Expenses 2012: $24,012,6972012Revenue 2013: $27,548,716Expenses 2013: $25,098,061Net Income 2013: $2,450,6552013Revenue 2014: $25,991,306Expenses 2014: $24,752,266Net Income 2014: $1,239,0402014Revenue 2014: $25,991,306Expenses 2014: $24,752,266Net Income 2014: $1,239,0402014Revenue 2015: $60,867,704Expenses 2015: $25,209,019Net Income 2015: $35,658,6852015Revenue 2016: $28,958,752Expenses 2016: $26,180,101Net Income 2016: $2,778,6512016Revenue 2017: $34,677,044Expenses 2017: $28,021,551Net Income 2017: $6,655,4932017Revenue 2018: $31,801,004Expenses 2018: $31,453,926Net Income 2018: $347,0782018Revenue 2019: $31,943,957Expenses 2019: $32,477,841Net Income 2019: -$533,8842019Revenue 2020: $15,373,676Expenses 2020: $24,114,016Net Income 2020: -$8,740,3402020Revenue 2021: $47,780,826Expenses 2021: $33,484,631Net Income 2021: $14,296,1952021Revenue 2022: $44,067,760Expenses 2022: $43,716,149Net Income 2022: $351,6112022Revenue 2023: $49,343,507Expenses 2023: $43,568,379Net Income 2023: $5,775,1282023Revenue 2024: $63,353,734Expenses 2024: $47,797,379Net Income 2024: $15,556,3552024

Highlighted filing

2014

Revenue$25,991,306
Expenses$24,752,266
Net Income$1,239,040
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 29, 2015
Return Version
2014v5.0
Gross Receipts
$27,534,992
Mission and Program Overview

Mission

Chautauqua is dedicated to the exploration of the best in human values and the enrichment of life through a program that explores the important religious, social and political issues of our times.

Chautauqua institution is dedicated to the exploration of the best in human values and to the enrichment of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,920,194$60,694,495▲ $774,301
Savings and Temporary Cash Investments$6,098,653$8,115,646▲ $2,016,993
Investments Other Securities$4,326,163$4,910,377▲ $584,214
Cash and Non-Interest-Bearing Accounts$3,193,356$3,538,465▲ $345,109
Accounts Receivable$2,129,245$3,131,327▲ $1,002,082
Inventories for Sale or Use$411,717$429,165▲ $17,448
Pledges and Grants Receivable$1,302,362$422,275▼ $880,087
Prepaid Expenses and Deferred Charges$111,533$110,384▼ $1,149
Total Assets$77,493,223$81,352,134▲ $3,858,911
Liabilities
Other Liabilities$328,699$2,512,651▲ $2,183,952
Accounts Payable and Accrued Expenses$1,549,484$2,177,549▲ $628,065
Unsecured Notes Loans Payable$1,100,835$908,689▼ $192,146
Total Liabilities$2,979,018$5,598,889▲ $2,619,871
Net Assets / Fund Balance
Unrestricted Net Assets$72,148,734$73,875,775▲ $1,727,041
Temporarily Rstr Net Assets$2,365,471$1,877,470▼ $488,001
Total Net Assets Fund Balance$74,514,205$75,753,245▲ $1,239,040
Total Liabilities and Net Assets / Fund Balance$77,493,223$81,352,134▲ $3,858,911

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,857,019$45,585,914-
Other Land Buildings$5,873,570--
Land$2,808,867--
Equipment$7,155,039--
Other Securities$4,910,377--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$75,269,404$7,387,840▲ $7,763,619$4,408,899$83,493,415
2013$63,909,062$12,417,609▲ $5,458,844$4,287,674$75,269,404
2012$61,343,364$7,068,664▲ $2,038,359$4,510,700$63,909,062
2011$53,967,024$7,320,689▲ $6,182,434$4,375,493$61,343,364
2010$42,204,924$4,924,797▲ $12,602,087$4,114,201$53,967,024
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas BeckerPresidentFT$282,376$40,906$323,282
George E MurphyVice PresidentFT$193,542$19,542$213,084
Sebastian BaggianoVice PresidentFT$154,287$30,364$184,651
Marty MerkleyVice PresidentFT$123,278$17,606$140,884
Sherra BabcockDirector EducationFT$111,747$23,843$135,590
Rindy BarmoreSecretaryFT$72,113$22,518$94,631

Highest Paid Contractors

ContractorServicesLocationCompensation
Serena Strum Architects LtdArchitects401 NORTH FRANKLIN SUITE 5 EAST, Chicago, IL 60654$868,146
S Tabone PavingPaving Contractor145 FAIRMOUNT AVE, Jamestown, NY 14733$637,482
SmartedgeHeating And CoolingPO BOX 8000, Buffalo, NY 14267$495,885
Southwest Contracting ServiceGeneral Contractor16591 TIONESTA RD, Pleasantville, PA 16341$199,852
Corry JournalPrinting Services28 WEST SOUTH STREET, Corry, PA 16407$193,107
Revenue and Support

Revenue Composition

Contributions and Grants
$6,648,130
Program Service Revenue
$18,999,488
Investment Income
$112,606
Other Revenue
$231,082
All Other Contributions
$137,503
Change in Net Assets
$1,239,040

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$1,271,582Fair Market Value
Total Noncash Contributions9$1,271,582-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,772,111
Other Expenses$10,414,257
Grants and Similar Amounts Paid$565,898
Total Fundraising Expense$350,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,320,479$440,090-$10,760,569
Depreciation Depletion$3,193,255$70,163-$3,263,418
Office Expenses$2,100,957$115,308-$2,216,265
Travel$1,243,523$129,960-$1,373,483
Current Officers, Directors, Trustees, and Key Employees$210,437$746,095-$956,532
Other Employee Benefits$734,730$139,949-$874,679
Occupancy$668,223$155,537-$823,760
Payroll Taxes$630,771$77,961-$708,732
Grants to Domestic Individuals$565,898--$565,898
Pension Plan Contributions$396,143$75,456-$471,599
Insurance-$414,650-$414,650
Advertising$58,730$253,350-$312,080
Other Expenses$304,384$93,637$350,000$304,384
All Other Expenses$114,896$134,497-$249,393
Interest$57,854--$57,854
Fees for Services Legal-$43,054-$43,054
Fees for Services Accounting-$27,864-$27,864
Information Technology-$22,894-$22,894
Total Functional Expenses$21,431,196$2,971,070$350,000$24,752,266
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Income$2,512,651
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Line 2 explanation - thomas becker - business relationship - board chair and officer of chautauqua hotel company, inc. Sebastian baggiano - business relationship - officer of chautauqua hotel company, inc. James a. Pardo, jr. - business relationship - board member and officer of chautauqua hotel company, inc. Candace l. Littell and ronald l. Kilpatrick - business relationship - board members of chautauqua hotel company, inc.

Form 990, Part VI, Section A, Line 6

Line 6 explanation - the membership consists of all persons being the owners by deed or being leasees of one or more lots or sections of a lot on the institution grounds & persons elected by the board of trustees

Form 990, Part VI, Section A, Line 7A

Line 7a explanation - the membership of the board of trustees consist of 24 trustees, 4 of whom are elected by the corporation membership.

Form 990, Part VI, Section B, Line 11

Line 11a explanation - authority for the review and approval of the form 990 is delegated to the audit committee who reports back to the board of trustees.

Form 990, Part VI, Section B, Line 12C

Officers, directors, trustees and key employees are required to complete a conflict of interest report annually. The governance and audit committees summarize any conflicts and provides the summary to the board so that any conflicts can be addressed. The summary is maintained by the organization.

Form 990, Part VI, Section B, Line 15

15a. The personnel committee of the board of trustees reviews comparable compensation data, develops goals, and evaluates performance in recommending annual compensation for the president to the board of trustees. Comparables are obtained from the form 990's of similar organizations and compensation studies. The personnel committee consists of individuals independent of those whose compensation is being considered. 15b. Compensation for officers and key employees is reviewed and established by the president and approved by the executive committee of the board of trustees.

Form 990, Part VI, Section C, Line 19

The board of trustees' meeting minutes and by-laws are available online at ciweb.org (the organization website). The organization's audited financial statements, governing documents and conflict of interest policy are available upon request.

Form 990, Part VII, Section A, Columns D, E & F

Reportable compensation included in columns e and f include amounts paid to individuals who serve as management and staff for the chautauqua foundation. These individuals are george follansbee, vice president; karen blozie, director of campaigns; and linda steckley, senior major gift officer. Their compensation is included in the w-3 of the institution and is reimbursed by the chautauqua foundation.

Filing and Contact Details

Filer

Filer Name
Chautauqua Institution
EIN
16-0758844
Phone
7163576218
Address
BOX 28, CHAUTAUQUA, NY 14722-0028

Signing Officer

Name
Sebastian Baggiano
Title
VP - Treas & Ops
Phone
7163576218
Signed
2015-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Becker
Formed
1874
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
24
Employees
1,251
Volunteers
300

Preparer

Firm
Buffamante Whipple Buttafaro Pc
Address
201 WEST THIRD STREET, JAMESTOWN, NY 14701
Preparer
Kristy B Zabrodsky CPA
Phone
7166645104
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Chautauqua foundation, inc. Was established in 1937 to raise, invest, and reinvest funds to support the mission of chautauqua institution. Chautauqua institution does not record its beneficial interest in permanently restricted endowment funds held by chautauqua foundation. It recognizes endowment revenues from the foundation in the year the foundation gives monies to the institution.

Part X, Line 2

Income tax returns that remain open for examination by taxing authorities include 2011 and later years.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1JILL W BELLOWE
IRS990/Form990PartVIISectionAGrp/PersonNm2DONALD K BOSWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3P JAMES BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTINE M BRUESCHKE
IRS990/Form990PartVIISectionAGrp/PersonNm5HUGH BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm6CAROLYN A BYHAM
IRS990/Form990PartVIISectionAGrp/PersonNm7LAURA P CURRIE
IRS990/Form990PartVIISectionAGrp/PersonNm8JENNIFER ADELANCEY
IRS990/Form990PartVIISectionAGrp/PersonNm9BONNIE W GWIN
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN HAUGHTON
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERT W JEFFREY
IRS990/Form990PartVIISectionAGrp/PersonNm12RONALD L KILPATRICK
IRS990/Form990PartVIISectionAGrp/PersonNm13CANDACE L LITTELL
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN W MCCREDIE JR
IRS990/Form990PartVIISectionAGrp/PersonNm15ROBERT D METZGAR
IRS990/Form990PartVIISectionAGrp/PersonNm16GREGORY J MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm17LAURA A MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm18JOHN A MILOS
IRS990/Form990PartVIISectionAGrp/PersonNm19SHEILA PENROSE
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID M ROSEN
IRS990/Form990PartVIISectionAGrp/PersonNm21DOROTHY E TREFTS
IRS990/Form990PartVIISectionAGrp/PersonNm22JAMES A PARDO JR
IRS990/Form990PartVIISectionAGrp/PersonNm23M TIMOTHY RENJILIAN
IRS990/Form990PartVIISectionAGrp/PersonNm24GEORGE FOLLANSBEE
IRS990/Form990PartVIISectionAGrp/PersonNm25SEBASTIAN BAGGIANO
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IRS990/Form990PartVIISectionAGrp/PersonNm27MARTY MERKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm28RINDY BARMORE
IRS990/Form990PartVIISectionAGrp/PersonNm29GEORGE E MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm30KAREN BLOZIE
IRS990/Form990PartVIISectionAGrp/PersonNm31LINDA STECKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm32SHERRA BABCOCK
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHAIR-TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23VICE CHAIR-TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt29VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIR. CAMPAIGNS
IRS990/Form990PartVIISectionAGrp/TitleTxt31SR. MAJOR GIFT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIR. EDUCATION
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FormationYr01874
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IRS990/FSAuditedInd01
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IRS990/InvestmentInJointVentureInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$304$6.62$298$63.4$47.8$15.6
2023Summary only. Only limited summary data is available for this year.$272$5.08$267$49.3$43.6$5.78
2022Summary only. Only limited summary data is available for this year.$250$5.07$245$44.1$43.7$0.35
2021Summary only. Only limited summary data is available for this year.$272$5.48$266$47.8$33.5$14.3
2020Summary only. Only limited summary data is available for this year.$118$6.56$112$15.4$24.1$8.74
2019Summary only. Only limited summary data is available for this year.$125$4.01$121$31.9$32.5$0.53
2018Summary only. Only limited summary data is available for this year.$124$3.15$121$31.8$31.5$0.35
2017Summary only. Only limited summary data is available for this year.$130$8.82$121$34.7$28.0$6.66
2016Summary only. Only limited summary data is available for this year.$119$5.24$114$29.0$26.2$2.78
2015Summary only. Only limited summary data is available for this year.$114$2.69$111$60.9$25.2$35.7
2014Detailed filing. Detailed filing data is available for this year.$81.4$5.60$75.8$26.0$24.8$1.24
2014Summary only. Only limited summary data is available for this year.$81.4$5.60$75.8$26.0$24.8$1.24
2013Summary only. Only limited summary data is available for this year.$77.5$2.98$74.5$27.5$25.1$2.45
2012Summary only. Only limited summary data is available for this year.$75.3$3.19$72.1$24.0
2011Summary only. Only limited summary data is available for this year.$73.0$3.24$69.8$22.7
2010Summary only. Only limited summary data is available for this year.$71.7$3.76$68.0$21.6