Civic Intelligence

Chicago Architecture Foundation

990 • Fiscal year 2018 • EIN 36-6144362

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 16, 2019

111 East Wacker Drive No 1321Chicago, IL 60601

(312) 922-3432

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.38x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

58th percentile

0.39x

Higher debt load relative to revenue than 58% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$456,962

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

98th percentile

135%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$27,186,396

Up $15,633,151 (+135%) from 2017

Net Assets

Up

$16,756,781

Up $5,834,305 (+53%) from 2017

Liabilities

Up

$10,429,615

Up $9,798,846 (+1553%) from 2017

Revenue

Up

$26,531,205

Up $3,138,942 (+13%) from 2017

Expenses

Up

$21,193,713

Up $1,712,303 (+8.8%) from 2017

Net Income

Up

$5,337,492

Up $1,426,639 (+36%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $5,175,425Liabilities 2010: $352,872Net Assets 2010: $4,822,5532010Assets 2011: $5,470,347Liabilities 2011: $584,361Net Assets 2011: $4,885,9862011Assets 2012: $5,594,154Liabilities 2012: $580,271Net Assets 2012: $5,013,8832012Assets 2013: $5,761,579Liabilities 2013: $892,542Net Assets 2013: $4,869,0372013Assets 2014: $5,779,781Liabilities 2014: $649,036Net Assets 2014: $5,130,7452014Assets 2015: $6,604,745Liabilities 2015: $653,918Net Assets 2015: $5,950,8272015Assets 2016: $7,554,849Liabilities 2016: $543,681Net Assets 2016: $7,011,1682016Assets 2017: $11,553,245Liabilities 2017: $630,769Net Assets 2017: $10,922,4762017Assets 2018: $27,186,396Liabilities 2018: $10,429,615Net Assets 2018: $16,756,7812018Assets 2019: $24,319,241Liabilities 2019: $7,538,431Net Assets 2019: $16,780,8102019Assets 2020: $19,072,656Liabilities 2020: $6,776,958Net Assets 2020: $12,295,6982020Assets 2021: $18,456,323Liabilities 2021: $6,712,441Net Assets 2021: $11,743,8822021Assets 2022: $30,023,711Liabilities 2022: $18,946,409Net Assets 2022: $11,077,3022022Assets 2023: $26,415,795Liabilities 2023: $18,090,668Net Assets 2023: $8,325,1272023Assets 2024: $27,482,026Liabilities 2024: $16,778,930Net Assets 2024: $10,703,0962024

Highlighted filing

2018

Assets$27,186,396
Liabilities$10,429,615
Net Assets$16,756,781

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $9,516,5482010Expenses 2011: $11,411,5542011Expenses 2012: $11,985,5182012Revenue 2013: $13,748,694Expenses 2013: $13,857,622Net Income 2013: -$108,9282013Revenue 2014: $15,938,848Expenses 2014: $15,682,095Net Income 2014: $256,7532014Revenue 2015: $18,435,966Expenses 2015: $17,614,443Net Income 2015: $821,5232015Revenue 2016: $20,084,154Expenses 2016: $19,027,497Net Income 2016: $1,056,6572016Revenue 2017: $23,392,263Expenses 2017: $19,481,410Net Income 2017: $3,910,8532017Revenue 2018: $26,531,205Expenses 2018: $21,193,713Net Income 2018: $5,337,4922018Revenue 2019: $21,247,470Expenses 2019: $21,233,819Net Income 2019: $13,6512019Revenue 2020: $5,604,116Expenses 2020: $10,101,421Net Income 2020: -$4,497,3052020Revenue 2021: $14,699,492Expenses 2021: $15,264,368Net Income 2021: -$564,8762021Revenue 2022: $21,105,013Expenses 2022: $21,751,433Net Income 2022: -$646,4202022Revenue 2023: $16,272,888Expenses 2023: $19,040,242Net Income 2023: -$2,767,3542023Revenue 2024: $14,714,952Expenses 2024: $12,264,581Net Income 2024: $2,450,3712024

Highlighted filing

2018

Revenue$26,531,205
Expenses$21,193,713
Net Income$5,337,492
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 16, 2019
Return Version
2018v3.1
Gross Receipts
$27,096,165
Mission and Program Overview

Mission

The chicago architecture foundation's (caf) mission is to inspire people to discover why design matters.chicago architecture foundation is the leading organization devoted to celebrating and promoting chicago as a center of architectural innovation. As chicago's forum for the exchange of ideas on urban design, chicago architecture foundation inspires people to participate in the building of vibrant communities and to demand the highest standard in urban design. Caf awakens young people to achieve their potential through the discovery of architecture, engineering and design.

Advance public knowledge and appreciation of architecture. See schedule o.the chicago architecture foundation's (caf) mission is to inspire people to discover why design matters.chicago architecture foundation is the leading organization devoted to celebrating and promoting chicago as a center of architectural innovation. As chicago's forum for the exchange of ideas on urban design, chicago architecture foundation inspires people to participate in the building of vibrant communities and to demand the highest standard in urban design. Caf awakens young people to achieve their potential through the discovery of architecture, engineering and design.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,392,824$12,066,287▲ $10,673,463
Cash and Non-Interest-Bearing Accounts$4,661,790$5,243,569▲ $581,779
Pledges and Grants Receivable$3,028,606$5,232,294▲ $2,203,688
Accounts Receivable$182,578$1,676,403▲ $1,493,825
Savings and Temporary Cash Investments$1,036,762$1,003,822▼ $32,940
Prepaid Expenses and Deferred Charges$189,031$197,619▲ $8,588
Investments in Publicly Traded Securities$0$48,370▲ $48,370
Inventories for Sale or Use$298,306$1,209▼ $297,097
Total Assets$11,553,245$27,186,396▲ $15,633,151
Other Assets Total$763,348$1,716,823▲ $953,475
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$4,975,636▲ $4,975,636
Other Liabilities$2,398$4,143,837▲ $4,141,439
Accounts Payable and Accrued Expenses$556,324$1,226,159▲ $669,835
Deferred Revenue$72,047$83,983▲ $11,936
Total Liabilities$630,769$10,429,615▲ $9,798,846
Net Assets / Fund Balance
Unrestricted Net Assets$5,958,833$11,215,588▲ $5,256,755
Temporarily Rstr Net Assets$4,913,008$5,485,557▲ $572,549
Permanently Rstr Net Assets$50,635$55,636▲ $5,001
Total Net Assets Fund Balance$10,922,476$16,756,781▲ $5,834,305
Total Liabilities and Net Assets / Fund Balance$11,553,245$27,186,396▲ $15,633,151

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,904,711$198,221$12,102,932
Equipment$44,367$430,592$474,959
Leasehold Improvements$117,209$296,931$414,140
Other Assets Org$1,716,823--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$484,590$80,788▲ $5,596-$570,974
2017$443,881$36,641▲ $4,068-$484,590
2016$383,836$56,048▲ $3,997-$443,881
2015$322,481$60,886▲ $469-$383,836
2014$272,313$47,722▲ $2,446-$322,481
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynn J OsmondPresident/CEOFT$373,930$83,032$456,962
Matthew BieckerCFOFT$171,907$37,694$209,601
Michael MalakVP of Operations & Business StrategyFT$169,356$29,037$198,393
Lori Ann KleinermanVP of MarketingFT$167,113$17,078$184,191
Lynne NiemanVP of DevelopmentFT$150,817$13,663$164,480
Gabrielle LyonVP of EducationFT$150,070$13,173$163,243
Patricia Lara GarzaDirector of Corporate and Institutional RelationsFT$117,675$11,067$128,742
Sonia SotoDirector of ItFT$115,347$12,298$127,645
Michael WoodSenior CuratorFT$104,750$4,350$109,100

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Capacity Interactive ConsultantsMarketing Consultants1239 BROADWAY ST, New York, NY 10001$131,000
Revenue and Support

Revenue Composition

Contributions and Grants
$10,270,839
Program Service Revenue
$16,021,817
Investment Income
$22,781
Other Revenue
$215,768
All Other Contributions
$8,577,214
Change in Net Assets
$5,337,492

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$1,000,000
Other Non Cash Contri Table4$581,728
Other Non Cash Contri Table7$20,800
Total Noncash Contributions12$1,602,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,521,387
Revenue Not Reported on Financial Statements
$9,818
Revenue Not Reported on Form 990
$1,486,540
Other Revenue Adjustments
$9,818
Total Revenue per Audited Statements
$28,007,927
Total Revenue per Form 990
$26,531,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,740,162
Salaries, Compensation, and Employee Benefits$5,398,034
Total Fundraising Expense$1,614,376
Grants and Similar Amounts Paid$31,767
Professional Fundraising Fees$23,750

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,233,852$481,858$598,232$3,313,942
Occupancy$1,078,218$165,386$124,683$1,368,287
Current Officers, Directors, Trustees, and Key Employees$538,048$651,101$162,124$1,351,273
Fees for Services Other$311,742$563,093$204,865$1,079,700
Advertising$773,142--$773,142
All Other Expenses$419,230$112,229$222,715$754,174
Depreciation Depletion$75,714$447,331$2,775$525,820
Payroll Taxes-$351,175-$351,175
Other Employee Benefits$453,764$-298,469$105,417$260,712
Information Technology$68,289$124,360-$192,649
Travel$112,009$42,005$19,571$173,585
Pension Plan Contributions-$120,932-$120,932
Insurance-$89,619-$89,619
Interest-$87,630-$87,630
Other Expenses$74,763$934$123,475$74,763
Conferences and Meetings$35,413$29,404$3,308$68,125
Office Expenses$5,410$47,464$1,576$54,450
Fees for Services Accounting-$33,392-$33,392
Grants to Domestic Orgs$31,767--$31,767
Fees for Services Professional Fundraising--$23,750$23,750
Royalties$23,660--$23,660
Total Functional Expenses$16,523,364$3,055,973$1,614,376$21,193,713

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$22,190,674
Total Expenses per Form 990$21,193,713
Expenses per Audited Statements$21,152,128
Expenses Not Reported on Form 990$1,038,546
Expenses Not Reported on Financial Statements$41,585
Other Expense Adjustments$41,585
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Association of Architecture Organizations (aao)Chicago, IL501(c)(3)General Support-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$261,011
Fundraising Gross Income$100,950
Professional Fundraising Fees$23,750

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$474,809$100,950$261,011$-160,061
Total Events$474,809$100,950$261,011$-160,061
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 Rent$4,145,142
Other Liabilities$-1,305
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
No
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 7A

The docent council, a large volunteer body of the organization, elects two docents to be voting trustees ex-officio. The auxiliary board elects their president who also serves as a voting trustee ex-officio.

Form 990, Part VI, Section B, Line 11B

The board retained the services of an independent cpa firm to prepare the organization's form 990. Management reviewed the completed form 990 and provided a full copy to all voting members of the governing body prior to filing. The governing body was provided a reasonable amount of time to review the return and ask any questions directly to organization management or the contact at the independent cpa firm prior to filing. A meeting was scheduled for the cpa firm and organizations management to discuss the form 990 with the finance committee.

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

Officers, trustees and key employees are annually required to complete a conflict of interest disclosure statement as a precursor to their service to the organization. Potential conflicts are logged and monitored by the finance committee.

Form 990, Part VI, Section B, Line 15

The compensation committee of the board of trustees reviews on an annual basis the compensation of the ceo. Periodically, an independent compensation consultant is hired to evaluate the compensation of top management. The ceo has an employment agreement which is approved by the compensation committee of the board of trustees in which compensation is evaluated annually based on performance and specific goals outlined in the prior fiscal year.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available through applicable government agencies and upon request; the conflict of interest policy is available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Chicago Architecture Foundation
EIN
36-6144362
Phone
3129223432
Address
111 EAST WACKER DRIVE NO 1321, CHICAGO, IL 60601
Doing Business As
Chicago Architecture Center(cac)

Signing Officer

Name
Lynn Osmond
Title
President and CEO
Phone
3129223432
Signed
2019-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Osmond
Formed
1966
Legal Domicile
Il
Voting Board Members
37
Independent Board Members
37
Employees
107
Volunteers
600

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Lu Ann Trapp
Phone
3122071040
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Caf opened a 20,000 sf architecture center and simultaneously rebranded as the chicago architecture center (cac) in late summer 2018. The center offers a skyscraper gallery, rotating exhibits and a new home for the chicago city model.

Financial Statement Notes

PART III, LINE 4:

Caf created a large scale detailed accurate model of the city of chicago in order to educate the public on chicago architecture, planning and built environment.

PART V, LINE 4:

The foundation's endowment consists of two individual funds established to further the mission of the organization.

PART X, LINE 2:

The foundation's application of gaap regarding uncertain tax positions had no effect on its financial position as management believes the foundation has no material unrecognized income tax benefits, including any potential risk of loss of its not-for-profit tax status. The foundation would account for any potential interest or penalties related to possible future liabilities for unrecognized income tax benefits as income tax expense.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue reported by association of architecture organizations 94,981. Cost of goods sold 303,949. In-kind contributions -20,000.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Pledges receivable written off 5,824. Gain on sale of fixed asset netted against expenses 3,994.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 303,949. Expenses reported by association of architecture organizations 143,800. In-kind contributions -20,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Contribution to association of architecture organizations 31,767. Pledges receivable written off 5,824. Gain on sale of fixed asset netted against expenses 3,994.

Raw XML AppendixShowing 400 of 1,044 raw XML fields

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/ActivityOrMissionDesc0ADVANCE PUBLIC KNOWLEDGE AND APPRECIATION OF ARCHITECTURE. SEE SCHEDULE O.THE CHICAGO ARCHITECTURE FOUNDATION'S (CAF) MISSION IS TO INSPIRE PEOPLE TO DISCOVER WHY DESIGN MATTERS.CHICAGO ARCHITECTURE FOUNDATION IS THE LEADING ORGANIZATION DEVOTED TO CELEBRATING AND PROMOTING CHICAGO AS A CENTER OF ARCHITECTURAL INNOVATION. AS CHICAGO'S FORUM FOR THE EXCHANGE OF IDEAS ON URBAN DESIGN, CHICAGO ARCHITECTURE FOUNDATION INSPIRES PEOPLE TO PARTICIPATE IN THE BUILDING OF VIBRANT COMMUNITIES AND TO DEMAND THE HIGHEST STANDARD IN URBAN DESIGN. CAF AWAKENS YOUNG PEOPLE TO ACHIEVE THEIR POTENTIAL THROUGH THE DISCOVERY OF ARCHITECTURE, ENGINEERING AND DESIGN.
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IRS990/Desc0TOURS ARE THE HALLMARK OF THE CHICAGO ARCHITECTURE FOUNDATION, DRAWING422,000 VISITORS FROM ALL OVER THE GLOBE BY OFFERING INSIGHTS INTOCHICAGO'S BUILDINGS, NEIGHBORHOODS, AND ENVIRONMENTS. CAF'S TOURS AREKNOWN FOR THE HIGH QUALITY EXPERIENCE WITH 450 EXTENSIVELY TRAINEDVOLUNTEER DOCENTS. ALL OF CAF'S TOURS ARE CONCEPTUALIZED, RESEARCHED,AND WRITTEN BY DOCENTS, WITH NEW OFFERINGS EACH YEAR. TOURS INCLUDEMORE THAN 80 DISTINCT WALKING, BOAT, BUS, EL AND BICYCLE TOURS AND ARECONDUCTED 363 DAYS OF THE YEAR.CAF OPENED A 20,000 SF ARCHITECTURE CENTER AND SIMULTANEOUSLY REBRANDED AS THE CHICAGO ARCHITECTURE CENTER (CAC) IN LATE SUMMER 2018. THE CENTER OFFERS A SKYSCRAPER GALLERY, ROTATING EXHIBITS AND A NEW HOME FOR THE CHICAGO CITY MODEL.
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IRS990/Form990PartVIISectionAGrp/PersonNm38LYNN J OSMOND
IRS990/Form990PartVIISectionAGrp/PersonNm39MATTHEW BIECKER
IRS990/Form990PartVIISectionAGrp/PersonNm40MICHAEL MALAK
IRS990/Form990PartVIISectionAGrp/PersonNm41LORI ANN KLEINERMAN
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IRS990/Form990PartVIISectionAGrp/PersonNm44PATRICIA LARA GARZA
IRS990/Form990PartVIISectionAGrp/PersonNm45SONIA SOTO
IRS990/Form990PartVIISectionAGrp/PersonNm46MICHAEL WOOD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.5$16.8$10.7$14.7$12.3$2.45
2023Detailed filing. Detailed filing data is available for this year.$26.4$18.1$8.33$16.3$19.0$2.77
2022Detailed filing. Detailed filing data is available for this year.$30.0$18.9$11.1$21.1$21.8$0.65
2021Detailed filing. Detailed filing data is available for this year.$18.5$6.71$11.7$14.7$15.3$0.56
2020Detailed filing. Detailed filing data is available for this year.$19.1$6.78$12.3$5.60$10.1$4.50
2019Detailed filing. Detailed filing data is available for this year.$24.3$7.54$16.8$21.2$21.2$0.01
2018Detailed filing. Detailed filing data is available for this year.$27.2$10.4$16.8$26.5$21.2$5.34
2017Detailed filing. Detailed filing data is available for this year.$11.6$0.63$10.9$23.4$19.5$3.91
2016Detailed filing. Detailed filing data is available for this year.$7.55$0.54$7.01$20.1$19.0$1.06
2015Detailed filing. Detailed filing data is available for this year.$6.60$0.65$5.95$18.4$17.6$0.82
2014Detailed filing. Detailed filing data is available for this year.$5.78$0.65$5.13$15.9$15.7$0.26
2013Detailed filing. Detailed filing data is available for this year.$5.76$0.89$4.87$13.7$13.9$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$0.58$5.01$12.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.58$4.89$11.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$0.35$4.82$9.52