Navy Pier Inc.

“Patrick gardner is a part-time stagehand employee of navy pier, inc. And is the husband of marilynn gardner, who currently serves as navy pier, inc's. President and ceo. Mrs. Gardner has no direct involvement in the determination of mr. Gardner's compensation or scheduling. His rate of pay is determined by a collective bargaining agreement, and schedule is determined based on labor requirements of outside shows and events using the pier's facility.”

“Members or stakeholders who may elect under the lease agreement between navy pier, inc. And the metropolitan pier and exposition authority (mpea), the chair of the board, the secretary-treasurer and the chief executive officer of mpea are required to be voting members of navy pier, inc.'s board of directors.”

“Form 990 review process the form 990 is prepared by navy pier, inc.'s vice president of finance and assistant controller and an outside cpa firm. The form 990 is reviewed by npi's cfo, president and ceo, and finance committee prior to final approval of the board of directors prior to filing.”

“Conflict of interest policy navy pier maintains a conflict-of-interest policy covering director, officer, member of a committee of the board of directors of navy pier, inc., or key employee (as defined by the irs in instructions for from 990) which requires disclosure of financial interests that present a potential conflict of interest as defined in the policy. Annual attestations are required as well as immediate disclosure if a potential conflict arises. The board of directors adjudicates if a conflict exists and if the transaction should proceed based upon the best interest of the company. Navy pier, inc. Also maintains a whistleblower policy that includes the ability to provide anonymous information via a hotline. Such information is reported to the head of people and culture. This person makes a record of the complaint, conducts an investigation, makes findings and recommends or implements corrective action if appropriate.”

“Process of determining compensation the executive committee reviews the goals and performance of the president and ceo and senior management. The committee also retains an independent consultant who conducts an independent evaluation using compensation data of the comparable key employees at local and national peer institutions. The most recent compenstaion survey was conducted in 2022. The executive committee reviews the information provided by the independent consultant and approves recommendations from the president and ceo for compensation of key employees. The evaluations, reviews, comments and decisions are documented in the minutes of the executive committee. The president and ceo reviews the goals and performance of senior staff and reviews the compensation data of the comparable key employees of which recommendations are reviewed, modified and approved by the executive committee.”

“How documents are made available to the public governing documents, the conflict of interest policy, and the financial statements are available to the public upon request.”

“Government grants of $8,422,132 consist of city, state and federal agency funding. Npi receives no on-going financial support from any city, state or federal agency to support its general operations. In 2021, the illinois department of commerce and economic opportunity awarded npi a grant under the coronavirus state and local fiscal recovery funds program funded by the united states department of the treasury through the american rescue plan act in the amount of $8,000,000. The grant funded eligible expenses and is included in government grants in the 2022 form 990. The federal emergency management agency ("fema") awarded several grants under the same port security grant program to npi to support safety upgrades to navy pier, of which $412,363 is included in government grants in the 2022 form 990. The fema grants required npi to contribute a match in order to receive the funds.”

“Security: program service expenses 3,758,615. Total expenses 3,758,615. Housekeeping: program service expenses 3,418,465. Total expenses 3,418,465. Other fees: program service expenses 3,161,278. Management and general expenses 764,107. Fundraising expenses 424,856. Total expenses 4,350,241.”

“Change in value of interest rate swap 795,559.”