Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $28,057,822

• 1f · All other contributions, gifts and grants

  $4,741

• 2a · Program service revenue: GOLF AND GOLF ACADEMY

  total $4,986,031 · related or exempt $4,986,031

• 2b · Program service revenue: PARK PROGRAMS & EVENTS

  total $807,970 · related or exempt $807,970

• 2c · Program service revenue: MEMBER FEES & PARKING

  total $774,881 · related or exempt $774,881

• 2d · Program service revenue: YOUTH LINKS

  total $458,469 · related or exempt $458,469

• 2e · Program service revenue: MUNICIPAL BOND REVENUE

  total $7,757 · related or exempt $7,757

• 3 · Investment income

  total $8,573,385 · excluded $8,573,385

• 6a · Gross rents

  real property $863,962

• 6b · Less rental expenses

  real property $491,353

• 6c · Rental income or loss

  real property $372,609

• 6d · Net rental income or loss

  total $372,609 · excluded $372,609

• 7a · Gross sales of assets other than inventory

  securities $137,361,360 · other assets $5,500

• 7b · Less cost or other basis and sales expenses

  securities $136,053,536 · other assets $0

• 7c · Gain or loss

  securities $1,307,824 · other assets $5,500

• 7d · Net gain or loss

  total $1,313,324 · excluded $1,313,324

• 10a · Gross sales of inventory

  $6,505,245

• 10b · Cost of goods sold

  $1,877,886

• 10c · Net income from sales of inventory

  total $4,627,359 · unrelated business $2,374,397 · excluded $2,252,962

• 11a · Other revenue: GIFT CARD REVENUE

  total $42,381 · excluded $42,381

• 11b · Other revenue: REBATE

  total $20,887 · excluded $20,887

• 11d · All other revenue

  total $8,430 · excluded $8,430

• 11e · Other revenue, total

  $71,698

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $900 · program services $900

• 5 · Compensation of officers, directors and key employees

  total $2,769,597 · program services $1,590,927 · management and general $1,178,670

• 7 · Other salaries and wages

  total $6,144,300 · program services $3,497,952 · management and general $2,646,348

• 8 · Pension plan contributions

  total $768,376 · program services $443,245 · management and general $325,131

• 9 · Other employee benefits

  total $1,942,813 · program services $1,424,419 · management and general $518,394

• 10 · Payroll taxes

  total $559,514 · program services $343,311 · management and general $216,203

• 11a · Fees: management

  total $6,660,933 · program services $6,660,933

• 11b · Fees: legal

  total $108,228 · management and general $108,228

• 11c · Fees: accounting

  total $117,195 · management and general $117,195

• 11f · Fees: investment management

  total $138,185 · management and general $138,185

• 11g · Fees: other

  total $2,242,866 · program services $1,119,459 · management and general $1,123,407

• 12 · Advertising and promotion

  total $73,707 · program services $61,412 · management and general $12,295

• 13 · Office expenses

  total $1,596,183 · program services $1,326,514 · management and general $269,669

• 14 · Information technology

  total $665,839 · program services $2,115 · management and general $663,724

• 16 · Occupancy

  total $2,007,894 · program services $1,788,076 · management and general $219,818

• 17 · Travel

  total $169,966 · program services $124,383 · management and general $45,583

• 19 · Conferences, conventions and meetings

  total $110,488 · program services $16,210 · management and general $94,278

• 20 · Interest

  total $3,396,648 · program services $3,396,648

• 22 · Depreciation, depletion and amortization

  total $5,510,272 · program services $5,510,272

• 23 · Insurance

  total $723,332 · program services $110,245 · management and general $613,087

• 24a · Other expenses: EXHIBITS AND PROGRAMS

  total $1,206,951 · program services $1,188,036 · management and general $18,915

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $39,619 · program services $20,619 · management and general $19,000

• 24e · All other expenses

  total $164,941 · program services $164,941

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $27,089 · end of year $91,490

• 2 · Savings and temporary cash investments

  beginning of year $125,280,455 · end of year $116,573,114

• 4 · Accounts receivable

  beginning of year $389,204 · end of year $584,528

• 8 · Inventories for sale or use

  beginning of year $349,305 · end of year $361,079

• 9 · Prepaid expenses and deferred charges

  beginning of year $660,353 · end of year $835,932

• 10a · Land, buildings and equipment: cost or other basis

  $154,073,693

• 10b · Land, buildings and equipment: accumulated depreciation

  $85,471,716

• 10c · Land, buildings and equipment, net

  beginning of year $69,817,004 · end of year $68,601,977

• 11 · Investments: publicly traded securities

  beginning of year $6,267,790 · end of year $45,533,490

• 12 · Investments: other securities

  beginning of year $241,560,217 · end of year $256,808,763

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $5,668,373 · end of year $8,433,255

• 17 · Accounts payable and accrued expenses

  beginning of year $10,530,100 · end of year $9,918,610

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $57,642,181 · end of year $57,678,327

• 25 · Other liabilities

  beginning of year $1,055,971 · end of year $933,860

• 27 · Net assets without donor restrictions

  beginning of year $379,952,538 · end of year $428,453,832

• 28 · Net assets with donor restrictions

  beginning of year $839,000 · end of year $839,000

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A:

IN AN EFFORT TO PROMOTE A HEALTHY LIFESTYLE, REIMBURSEMENT OF A PERCENTAGE OF HEALTH CLUB DUES AND INITIATION FEES (WITHIN CERTAIN LIMITS) IS A TAXABLE BENEFIT AVAILABLE TO ALL BENEFIT- ELIGIBLE EMPLOYEES OF THE FOUNDATION. IN 2023, THE CEO & PRESIDENT WAS REIMBURSED FOR SOCIAL CLUB DUES AS THEY RELATED TO FOUNDATION BUSINESS IN ACCORDANCE WITH FOUNDATION POLICY. THE REIMBURSEMENTS WERE NOT TREATED AS TAXABLE COMPENSATION. AS PART OF THE 500 ACRE ESTATE'S MAINTENANCE AND SECURITY PLAN, THE CANTIGNY FOUNDATION PROVIDES HOUSING FOR CERTAIN POSITIONS. BOARD MANDATED RESIDENCY OF THESE POSITIONS IS AN INTEGRAL PART OF THE SECURITY PLAN. THE VALUE OF THIS HOUSING FOR 2023 FOR MATTHEW LAFOND, EXECUTIVE DIRECTOR CANTIGNY PARK WAS $26,400, FOR EDWARD HOLZMAN, DIRECTOR OF FACILITY SERVICES WAS $27,700, FOR SCOTT WITTE, SPECIAL PROJECTS COORIDNATOR WAS $20,600. THE REIMBURSEMENTS WERE NOT TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A: MS. KIM TYLER LEFT THE ORGANIZATION DURING CY23. THE SEVERANCE PAYMENT OF $100,000 IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III).