Museums in the Park

“Museums in the park, inc. (mip) is comprised of eleven of chicago's most treasured cultural institutions. They are: adler planetarium, the art institute of chicago, the chicago academy of sciences/peggy notebaert nature museum, chicago history museum, dusable museum of african american history, the field museum, museum of contemporary art, museum of science and industry, national museum of mexican art, national museum of puerto rican arts and culture and john g. Shedd aquarium. Collectively, these museums are referred to as member museums and are located on chicago park district land throughout the city of chicago.”

“A draft form 990 is completed by an officially contracted accounting firm in consultation with the mip treasurer and mip staff. The draft form 990 is presented to the mip leadership team for review via e-mail. The draft form 990 is next presented to the mip board of directors for review at one of their regularly scheduled quarterly meetings. The board reviews and accepts the draft by unanimous vote. The form 990 is at this point considered officially approved and is filed.”

“Each director, employee, and chair of a committee with governing board delegated powers shall annually sign a statement which affirms such person a) has received a copy of the conflict of interest policy, b) has read and understands the policy, c) has agreed with the policy, d) understands that in order to maintain federal tax exemption, mip must engage primarily in activities which accomplish its tax-exempt purpose. If a conflict of interest is found, the interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.”

“The organization has a website where the public can get information about the organization. Any specific information with regards to the governing documents, conflict of interest policy, and financial statements is available upon request.”