Kenneth C Griffin Museum of Science and Industry

“James Crown and Lester Crown have a family relationship. Deborah L. DeHass and Betsy D. Holden have a family relationship. Jason Pritzker and Cindy Pritzker have a family relationship. Cedric Thurman and Sheila Penrose have a business relationship outside of the Museum. James Crown and Lester Crown have a business relationship outside of the Museum. Betsy Holden and H. John Livingston have a business relationship outside of the Museum. James T. Ryan and David Grainger have a business relationship outside of the Museum. Charles K. Bobrinskoy and David J. Vitale have a business relationship outside of the Museum. Christopher Crane, John Canning, and Jesse Ruiz have a business relationship outside of the Museum. Michael Ferro, Jr., John Canning, and Michael J. Sacks have a business relationship outside of the Museum. David Vitale and Gregory D. Smith have a business relationship outside of the Museum. Michelle Collins and Frederick A. Krehbiel have a business relationship outside of the Museum. Thomas Wilson and James Farrell have a business relationship outside of the Museum. James Crown and David Donovan have a business relationship outside of the Museum. Deborah DeHaas and Michael P. Krasny have a business relationship outside of the Museum. John Canning and Michael P. Krasny have a business relationship outside of the Museum. Deborah DeHaas and Thomas Wilson have a business relationship outside of the Museum. Matthew R. Gibson and Thomas Wilson have a business relationship outside of the Museum. Charles Bobrinskoy and Eric Lefkofsky serve on a board outside of the Museum. Edward Liddy, James Farrell and Robert Morrison serve on a board outside of the Museum. James. T. Ryan and David Grainger serve on a board outside of the Museum. Miles White, William Devers and Michael Ferro serve on a board outside of the Museum. Miles White, James Farrell, Edward Liddy, William Osborn, Glenn Tilton serve on a board outside of the Museum. Miles White, Richard Lenny, William Massey, Andrew McKenna and James Skinner serve on a board outside of the Museum. David Donovan and James Crown serve on a board outside of the Museum. Michelle Collins, Frederick Krehbiel and Michael J. Birck serve on a board outside of the Museum.”

“The Museum's 990 is prepared by an external public accounting firm, who provides drafts for internal review. After the internal review, these drafts are updated, and a final draft is reviewed by the Chairman of the Audit Committee and is made available to the trustees electronically for their review, prior to electronically filing with the Internal Revenue Service.”

“The Museum formally sends a conflict of interest questionnaire annually to trustees, officers, and employees. The Museum's Compliance Officer reviews the results of the questionnaires, and investigates any reported potential conflicts for resolution as necessary.”

“The Compensation Committee of the Board of Directors oversees and approves the compensation for the Executive Staff of the Museum. Individual performance is evaluated by established goals and objectives which support MSIs mission and priorities. These goals and objectives are reviewed annually as part of the Museums Performance Management Process. The process consists of: 1. The Compensation Committee meets annually at the end of Q1 to review and make decisions on all Executive (CEO & VP's) compensation. 2. Individual performance is evaluated against goals and objectives that support MSI's mission and strategic priorities. 3. From time to time, HR prepares a compensation benchmark analysis consisting of peer institutions to ensure Executive compensation remains competitive within industry and reasonable. 4. Each year, MSI's Leadership Team determines if merit increases will be awarded to Museum staff. The VP of HR facilitates and drives this process to ensure consistency and fairness across the museum. 5. The process is contemporaneously documented.”

“The museum posted a copy of its 2012 form 990 on its website and made copies of 2010, 2011, 2012 form 990 and 990T publicly available upon request. As the museum filed the application for recognition of exemption, form 1023 before July 15, 1987, it need not be made publicly available.”

“The Museum's Annual Report and the financial statements are made available to the public via the Museum's website and upon request, respectively. Governing documents and conflict of interest policy are available to the public upon request.”

“Ancillary Services represent various guest services that enhance the guest experience. These include the Omnimax Theater, Museum Store, food services, and parking services.”

“subsequent to the issuance of the museum's 2013 financial statements and Form 990 filing, management became aware of accounting errors. Those errors were considered material to the financial statements, and were restated in the 2013 financial statements. Accordingly, the opening balance sheet on Form 990 part X, and schedule of Endowment Funds on Schedule D have been restated to reflect such changes.”

“Change in value of life insurance policy 19,652 --------- total $19,652”