Civic Intelligence

Millennium Park Foundation

990 • Fiscal year 2012 • EIN 36-4244167

Jan 01, 2012 to Dec 31, 2012 • Filed on Jun 24, 2013

201 East Randolph60601
Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2012 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$35,264,025

No earlier filing loaded for comparison.

Net Assets

$35,183,251

No earlier filing loaded for comparison.

Liabilities

$80,774

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,146,849

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $35,264,025Liabilities 2012: $80,774Net Assets 2012: $35,183,2512012Assets 2014: $39,553,637Liabilities 2014: $165,127Net Assets 2014: $39,388,5102014Assets 2015: $39,354,470Liabilities 2015: $144,346Net Assets 2015: $39,210,1242015Assets 2016: $42,191,596Liabilities 2016: $1,250,665Net Assets 2016: $40,940,9312016Assets 2017: $45,312,212Liabilities 2017: $377,884Net Assets 2017: $44,934,3282017Assets 2018: $41,309,790Liabilities 2018: $1,249,704Net Assets 2018: $40,060,0862018Assets 2019: $42,132,826Liabilities 2019: $359,562Net Assets 2019: $41,773,2642019Assets 2020: $43,116,069Liabilities 2020: $94,678Net Assets 2020: $43,021,3912020Assets 2021: $52,901,717Liabilities 2021: $239,457Net Assets 2021: $52,662,2602021Assets 2022: $44,371,110Liabilities 2022: $61,661Net Assets 2022: $44,309,4492022Assets 2023: $49,650,509Liabilities 2023: $75,259Net Assets 2023: $49,575,2502023Assets 2024: $51,941,307Liabilities 2024: $44,417Net Assets 2024: $51,896,8902024

Highlighted filing

2012

Assets$35,264,025
Liabilities$80,774
Net Assets$35,183,251

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $1,146,8492012Revenue 2014: $2,936,846Expenses 2014: $2,235,536Net Income 2014: $701,3102014Revenue 2015: $3,199,156Expenses 2015: $1,750,005Net Income 2015: $1,449,1512015Revenue 2016: $3,527,958Expenses 2016: $2,968,013Net Income 2016: $559,9452016Revenue 2017: $4,211,030Expenses 2017: $4,808,031Net Income 2017: -$597,0012017Revenue 2018: $895,992Expenses 2018: $3,767,016Net Income 2018: -$2,871,0242018Revenue 2019: $2,089,013Expenses 2019: $5,037,019Net Income 2019: -$2,948,0062019Revenue 2020: $1,469,297Expenses 2020: $1,964,334Net Income 2020: -$495,0372020Revenue 2021: $12,169,207Expenses 2021: $2,530,664Net Income 2021: $9,638,5432021Revenue 2022: $2,026,396Expenses 2022: $2,125,666Net Income 2022: -$99,2702022Revenue 2023: $2,522,653Expenses 2023: $1,792,211Net Income 2023: $730,4422023Revenue 2024: $3,938,896Expenses 2024: $3,452,791Net Income 2024: $486,1052024

Highlighted filing

2012

Revenue-
Expenses$1,146,849
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jun 24, 2013
Return Version
2012v2.1
Gross Receipts
$12,120,402
Mission and Program Overview

Mission

The organization's mission is to provide support to the city of chicago in its operation and programming of millennium park, and serve as the park's curators.

Filing and Contact Details

Filer

EIN
36-4244167
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IRS990/Description0MILLENNIUM PARK, INC. (MPI) SPONSORED MANY PROGRAMS THAT CONTRIBUTED TO MILLENNIUM PARK'S SUCCESS IN DELIVERING OVER 500 PROGRAMS DURING THE YEAR. MPI ANNUALLY SUPPORTS THE PARK IN MANY AREAS INCLUDING; CURATING AND UPGRADING THE CROWN FOUNTAIN, MAINTAINING CHICAGO'S SCULPTURAL ICON, CLOUD GATE, CURATING, INSTALLING AND MAINTAINING THE SCULPTURE EXHIBITIONS IN THE BOEING GALLERIES, MAINTAINING AND PROGRAMMING THE LURIE GARDEN, AND FUNDING AND MONITORING THE MCDONALD CYCLE CENTER AND WORKOUT PROGRAMS. MPI ASSISTS THE CITY WITH MANY OF THE FREE PROGRAMS AND THE CONTINUED IMPROVEMENTS AND MAINTENANCE OF THE PARK. THE SUPPORT MPI PROVIDES IS ESSENTIAL FOR THE PARK TO BE KEPT AT THE HIGHEST STANDARD AND TO RETAIN ITS PLACE AS ONE OF CHICAGO'S PRIMARY ATTRACTIONS FOR RESIDENTS AND VISITORS. MILLENNIUM PARK IS ONE OF THE MOST POPULAR TOURIST DESTINATIONS IN THE COUNTRY ATTRACTING NEARLY 5 MILLION VISITORS DURING 2012.
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IRS990ScheduleD/CurrentYearMinus2Years/EndOfYearBalance017741496
IRS990ScheduleD/CurrentYearMinus2Years/InvestmentEarningsOrLosses01704722
IRS990ScheduleD/CurrentYearMinus2Years/OtherExpenditures0901598
IRS990ScheduleD/CurrentYearMinus3Years/BeginningOfYearBalance018504788
IRS990ScheduleD/CurrentYearMinus3Years/EndOfYearBalance018175000
IRS990ScheduleD/CurrentYearMinus3Years/OtherExpenditures0329788
IRS990ScheduleD/CurrentYearMinus4Years/BeginningOfYearBalance018254376
IRS990ScheduleD/CurrentYearMinus4Years/Contributions0250412
IRS990ScheduleD/CurrentYearMinus4Years/EndOfYearBalance018504788
IRS990ScheduleD/CurrentYear/OtherExpenditures01237416
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs00
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs00
IRS990ScheduleD/Equipment/BookValue01825
IRS990ScheduleD/Equipment/Depreciation013655
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis015480
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal01146849
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ENDOWMENT FUNDS ARE USED TO MAINTAIN THE LURIE GARDEN, SUPPORT EXHIBITS IN THE BOEING GALLERY, SUPPORT FITNESS PROGRAMS AND SUPPORT CULTURAL PRESENTATIONS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. ACCCORDINGLY, NO PROVISION FOR SUCH TAXES HAS BEEN RECOGNIZED IN THESE FINANCIAL STATEMENTS. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AT DECEMBER 31, 2012, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. THE ORGANIZATION FILES FORMS 990 AND IL990-AG IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS, RESPECTIVELY. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2009.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART V, LINE 4:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1PART X, LINE 2:
IRS990ScheduleD/NetUnrealizedGainsInvestments01943900
IRS990ScheduleD/PermanentEndowmentEOYBalance01.00000

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