Chicago Public Library Foundation FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)EducationEIN 36-3480353Revenue $4.3M in FY2020

On file with the IRScplfoundation.org200 W Madison St FL 3, 60606-3414 · Chicago, ILTax-exempt since Jul 1987Publicly supported charity — 170(b)(1)(A)(vi)

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The Chicago Public Library Foundation accelerates the potential of our Public (see sch o) Library by investing in resources that transform lives and communities.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$208K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $702K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$208K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $250
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$157K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
69
of 70 voting members
Looks good: 69 of 70 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
Spent
$3.5M
To programs
56%
Net assets
$35.0M
By yearFY2020–FY2024
Revenue
$4.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$5.6M
FY2022$4.4M
FY2023$7.0M
FY2024$4.6M
Expenses
$3.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.4M
FY2022$4.1M
FY2023$5.5M
FY2024$5.9M
Net assets
$35.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$35.0M
FY2021$39.0M
FY2022$33.3M
FY2023$38.5M
FY2024$38.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $1.9M Management & general 17% · $581K Fundraising 27% · $953K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

70 people listed on the 990; $208K paid to officers and key staff.

Part VII, Section A · reportable compensation
$208,000Pt VII · Sec A
Life Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Life Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Life Director
$0Pt VII · Sec A

Brenda Langstraat Bui’s $220K as President & CEO is at the 87th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brenda Langstraat Bui$220,420$212,180$216,300$210,000—
Brenda Langstraat————$208,000
Elizabeth Zachara Davis$140,850$128,500———
Katherine Nardin$129,130$117,830$108,150——
Elizabeth Davis——$117,833——
Audrey Peiper$106,760$103,754———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds resources, digital literacy programs, and technology access to enhance Chicago's public libraries and bridge the digital divide for community members.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2020
01

Too many chicago children are born into circumstances that limit how far they will go in life. Whether that's the neighborhood they grow in, the schools they have access to, the resources their parents haveeven the quality of the airour city has long been divided to the detriment of not just individuals, but of our collective prosperity…

$700Kprogram expense
02

Chicago's world-renowned arts and culture sector fuels tremendous creative, economic, and innovative growth. But access to big ideas and top talent is often far out of reach for lower-income members of our community. As a result, many chicagoans are shut out from the marketplace of creativity and the holistic benefits of the arts.

$675Kprogram expense
03

According to the pew research center, more than 40% of lower-income households don't have home broadband services or a traditional computer. Many of these adults and older adults also lack the skills they need to navigate our increasingly digital world effectively and safely.

$239Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$250

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$3.4M
Investment incomeLn 3$854K
Other incomeLn 4–11$63K
Money outPt IX
$3.5M
Ln 25
Programscol B$1.9M
Managementcol C$581K
Fundraisingcol D$953K
Owns and owesPt X
$35.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$35.2M
LiabilitiesLn 26$157K
PeoplePt VI, VII
70
listed · VII A
PaidVII A1
Voting boardVI 1a70
IndependentVI 1b69
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Fundraising eventsLn 1c$1.1M
Investment incomeLn 3$854K
Other incomeLn 4–11$63K
Gains on assetsLn 7$467K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$3.6M
SavingsLn 2$81K
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$30.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$40K
Total assetsLn 16$35.2M
LiabilitiesLn 26$157K
Net assetsLn 32$35.0M
OperationsPt I, VI
EmployeesI 513
VolunteersI 669
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.8M$3.6M
InvestmentsLn 11–13$27.7M$30.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$31.4M$35.2M
LiabilitiesLn 26$557K$157K
Net assetsLn 32$30.9M$35.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$251K$125K$125K
Other salaries and wagesLn 7$659K$197K$462K
Pension plan contributionsLn 8$61K$17K$44K
Other employee benefitsLn 9$60K$24K$36K
Payroll taxesLn 10$49K$17K$31K
Legal feesLn 11b$874$874
Accounting feesLn 11c$49K$49K
Other fees for servicesLn 11g$323K$236K$64K$23K
Advertising and promotionLn 12$119K$48K$71K
Office expensesLn 13$7K$3K$4K
Information technologyLn 14$92K$20K$15K$57K
OccupancyLn 16$104K$38K$66K
TravelLn 17$36K$24K$2K$9K
Conferences, conventions and meetingsLn 19$3K$338$200$3K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$1.5M$1.5M$847
All other expensesLn 24e$126K$87K$18K$20K
Total functional expensesLn 25$3.5M$1.9M$581K$953K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.6M$5.9M−$1.4M$38.5M 990 PDF
FY2023 $7.0M$5.5M$1.5M$38.5M 990 PDF
FY2022 $4.4M$4.1M$346K$33.3M 990 PDF
FY2021 $5.6M$3.4M$2.2M$39.0M 990 PDF
FY2020 Viewing $4.3M$3.5M$825K$35.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,308,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,972,827$3,391,840
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $875,065$853,799
I-11 Other revenuePrior year −$253,534$62,545
I-12 Total revenuePrior year $4,594,358$4,308,184
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $993,011$1,078,615
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,195,938$2,404,523
I-18 Total expensesPrior year $6,188,949$3,483,138
I-19 Revenue less expensesPrior year −$1,594,591$825,046
Part VI · Governance 69 of 70 board members independent, no flags
VI-1a Voting members of the governing body70
VI-1b Independent voting members69
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,308,184 across 8 lines filed
VIII-1c Fundraising events$1,119,337
VIII-1f All other contributions, gifts and grants$2,272,503
VIII-1h Total contributions, gifts and grants$3,391,840
VIII-3 Investment incomeExcluded from tax $387,008$387,008
VIII-7 Net gain or loss on sales of assetsExcluded from tax $466,791$466,791
VIII-8 Net income from fundraising eventsExcluded from tax −$149,761−$149,761
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $212,306$212,306
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $916,344$4,308,184
Part IX · Statement of functional expenses $3,483,138 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $125,274 · Fundraising $125,274$250,548
IX-7 Other salaries and wagesManagement $196,735 · Fundraising $461,930$658,665
IX-8 Pension plan contributionsManagement $16,644 · Fundraising $44,365$61,009
IX-9 Other employee benefitsManagement $24,019 · Fundraising $35,737$59,756
IX-10 Payroll taxesManagement $17,204 · Fundraising $31,433$48,637
IX-11b Legal feesManagement $874$874
IX-11c Accounting feesManagement $49,293$49,293
IX-11g Other fees for servicesPrograms $235,552 · Management $64,475 · Fundraising $22,961$322,988
IX-12 Advertising and promotionPrograms $48,074 · Fundraising $71,312$119,386
IX-13 Office expensesManagement $2,997 · Fundraising $4,475$7,472
IX-14 Information technologyPrograms $20,237 · Management $14,923 · Fundraising $56,773$91,933
IX-16 OccupancyManagement $37,619 · Fundraising $66,301$103,920
IX-17 TravelPrograms $24,356 · Management $2,265 · Fundraising $9,154$35,775
IX-19 Conferences, conventions and meetingsPrograms $338 · Management $200 · Fundraising $2,502$3,040
IX-23 InsuranceManagement $9,545$9,545
IX-24 Other expenses (24a–d)Programs $1,533,880 · Fundraising $847$1,534,727
IX-24e All other expensesPrograms $86,846 · Management $18,493 · Fundraising $20,231$125,570
IX-25 Total functional expensesPrograms $1,949,283 · Management $580,560 · Fundraising $953,295$3,483,138
Part X · Balance sheet $35,195,975 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,729,249$3,552,967
X-2 Savings and temporary cash investmentsStart of year $81,001$81,013
X-3 Pledges and grants receivableStart of year $773,984$634,350
X-9 Prepaid expenses and deferred chargesStart of year $44,787$57,380
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $27,708,318$30,802,094
X-12 Other securitiesStart of year $31,607$28,489
X-15 Other assetsStart of year $48,446$39,682
X-16 Total assetsStart of year $31,417,392$35,195,975
X-17 Accounts payable and accrued expensesStart of year $556,857$157,357
X-26 Total liabilitiesStart of year $556,857$157,357
X-27 Net assets without donor restrictionsStart of year $14,452,621$16,062,025
X-28 Net assets with donor restrictionsStart of year $16,407,914$18,976,593
X-32 Total net assets or fund balancesStart of year $30,860,535$35,038,618
X-33 Total liabilities and net assetsStart of year $31,417,392$35,195,975
Part XI · Reconciliation of net assets $35,038,618 net assets at year end
XI-1 Total revenue$4,308,184
XI-2 Total expenses$3,483,138
XI-3 Revenue less expenses$825,046
XI-4 Net assets at start of year$30,860,535
XI-5 Net unrealized gains (losses) on investments$3,360,212
XI-7 Investment expenses−$7,175
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$35,038,618

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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