Chicago Public Library Foundation FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)EducationEIN 36-3480353Revenue $4.4M in FY2022

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.
$442K 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

FY2022 · 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
$442K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.0 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
$440K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
68
of 69 voting members
Looks good: 68 of 69 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
-21% vs prior year
Spent
$4.1M
To programs
56%
Net assets
$33.3M
By yearFY2020–FY2024
Revenue
$4.4M
FY2022▼ -21%
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
$4.1M
FY2022▲ +20%
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
$33.3M
FY2022▼ -15%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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% · $2.3M Management & general 17% · $673K Fundraising 27% · $1.1M

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

71 people listed on the 990; $442K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$216,300Pt VII · Sec A
Chief Operating Officer
$117,833Pt VII · Sec A
Chief Development Officer
$108,150Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairman Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $2.3M · in their own filed words · FY2022
01

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.

$1.0Mprogram expense
02

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.

$762Kprogram expense
03

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 have, even the quality of the air, our city has long been divided to the detriment of not just individuals, but of our collective…

$507Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.0M
Investment incomeLn 3$778K
Money outPt IX
$4.1M
Ln 25
Programscol B$2.3M
Managementcol C$673K
Fundraisingcol D$1.1M
Owns and owesPt X
$33.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$33.7M
LiabilitiesLn 26$440K
PeoplePt VI, VII
71
listed · VII A
PaidVII A3
Voting boardVI 1a69
IndependentVI 1b68
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Noncash giftsLn 1g$57K
Fundraising eventsLn 1c$1.9M
Investment incomeLn 3$778K
Gains on assetsLn 7$94K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$4.2M
SavingsLn 2$155K
Cash and savings togetherLn 1–2$4.4M
InvestmentsLn 11–13$28.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$207K
Total assetsLn 16$33.7M
LiabilitiesLn 26$440K
Net assetsLn 32$33.3M
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 FY22End FY22
Cash and savingsLn 1–2$5.2M$4.4M
InvestmentsLn 11–13$33.3M$28.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$39.2M$33.7M
LiabilitiesLn 26$190K$440K
Net assetsLn 32$39.0M$33.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$521K$265K$256K
Other salaries and wagesLn 7$482K$85K$398K
Pension plan contributionsLn 8$47K$8K$38K
Other employee benefitsLn 9$66K$16K$51K
Payroll taxesLn 10$67K$24K$43K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$59K$59K
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$314K$203K$109K$2K
Advertising and promotionLn 12$159K$56K$104K
Office expensesLn 13$148K$121K$7K$20K
Information technologyLn 14$117K$55K$22K$40K
OccupancyLn 16$103K$37K$66K
TravelLn 17$62K$32K$5K$25K
Conferences, conventions and meetingsLn 19$8K$1K$2K$5K
InsuranceLn 23$11K$8K$3K
Other expenses (24a–d)Ln 24$1.8M$1.8M$352
All other expensesLn 24e$90K$28K$18K$45K
Total functional expensesLn 25$4.1M$2.3M$673K$1.1M

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 Viewing $4.4M$4.1M$346K$33.3M 990 PDF
FY2021 $5.6M$3.4M$2.2M$39.0M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $4,400,993 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,668,975$4,039,722
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,160,434$778,102
I-11 Other revenuePrior year −$227,990−$416,831
I-12 Total revenuePrior year $5,601,419$4,400,993
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 $1,178,047$1,183,761
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,189,502$2,870,862
I-18 Total expensesPrior year $3,367,549$4,054,623
I-19 Revenue less expensesPrior year $2,233,870$346,370
Part VI · Governance 68 of 69 board members independent, no flags
VI-1a Voting members of the governing body69
VI-1b Independent voting members68
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 $4,400,993 across 9 lines filed
VIII-1c Fundraising events$1,879,040
VIII-1f All other contributions, gifts and grants$2,160,682
VIII-1g Noncash contributions (included above)$56,638
VIII-1h Total contributions, gifts and grants$4,039,722
VIII-3 Investment incomeExcluded from tax $684,213$684,213
VIII-7 Net gain or loss on sales of assetsExcluded from tax $93,889$93,889
VIII-8 Net income from fundraising eventsExcluded from tax −$420,556−$420,556
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,725$3,725
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $361,271$4,400,993
Part IX · Statement of functional expenses $4,054,623 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $265,420 · Fundraising $256,056$521,476
IX-7 Other salaries and wagesManagement $84,672 · Fundraising $397,547$482,219
IX-8 Pension plan contributionsManagement $8,142 · Fundraising $38,366$46,508
IX-9 Other employee benefitsManagement $15,636 · Fundraising $50,566$66,202
IX-10 Payroll taxesManagement $24,227 · Fundraising $43,129$67,356
IX-11b Legal feesManagement $1,006$1,006
IX-11c Accounting feesManagement $59,168$59,168
IX-11f Investment management feesManagement $7,677$7,677
IX-11g Other fees for servicesPrograms $203,150 · Management $108,604 · Fundraising $2,355$314,109
IX-12 Advertising and promotionPrograms $55,527 · Fundraising $103,834$159,361
IX-13 Office expensesPrograms $120,920 · Management $6,883 · Fundraising $19,900$147,703
IX-14 Information technologyPrograms $54,777 · Management $21,537 · Fundraising $40,418$116,732
IX-16 OccupancyManagement $37,179 · Fundraising $65,525$102,704
IX-17 TravelPrograms $32,325 · Management $4,987 · Fundraising $24,719$62,031
IX-19 Conferences, conventions and meetingsPrograms $1,291 · Management $1,842 · Fundraising $4,847$7,980
IX-23 InsuranceManagement $7,891 · Fundraising $3,185$11,076
IX-24 Other expenses (24a–d)Programs $1,790,924 · Fundraising $352$1,791,276
IX-24e All other expensesPrograms $27,634 · Management $17,684 · Fundraising $44,721$90,039
IX-25 Total functional expensesPrograms $2,286,548 · Management $672,555 · Fundraising $1,095,520$4,054,623
Part X · Balance sheet $33,747,562 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $5,150,449$4,238,711
X-2 Savings and temporary cash investmentsStart of year $93,024$155,358
X-3 Pledges and grants receivableStart of year $444,070$980,395
X-4 Accounts receivableStart of year $130,283$144,960
X-9 Prepaid expenses and deferred chargesStart of year $37,890$57,399
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $33,305,372$27,963,817
X-12 Other securitiesStart of year $685$0
X-15 Other assetsStart of year $0$206,922
X-16 Total assetsStart of year $39,161,773$33,747,562
X-17 Accounts payable and accrued expensesStart of year $190,238$230,140
X-25 Other liabilitiesStart of year $0$209,935
X-26 Total liabilitiesStart of year $190,238$440,075
X-27 Net assets without donor restrictionsStart of year $22,559,722$19,371,641
X-28 Net assets with donor restrictionsStart of year $16,411,813$13,935,846
X-32 Total net assets or fund balancesStart of year $38,971,535$33,307,487
X-33 Total liabilities and net assetsStart of year $39,161,773$33,747,562
Part XI · Reconciliation of net assets $33,307,487 net assets at year end
XI-1 Total revenue$4,400,993
XI-2 Total expenses$4,054,623
XI-3 Revenue less expenses$346,370
XI-4 Net assets at start of year$38,971,535
XI-5 Net unrealized gains (losses) on investments−$6,010,418
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$33,307,487

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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