Navy Pier Inc, operating under the name Navy Pier, is located in Chicago, IL. The organization was established in 2011. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Navy Pier employed 434 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navy Pier is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Navy Pier generated $62.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $49.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAVY PIER, CHICAGO'S ICONIC LAKEFRONT DESTINATION AND CULTURAL INSTITUTION, IS (SEE SCHEDULE O)AN ALL-WELCOMING, YEAR-ROUND CIVIC SPACE WHICH IS FREE TO THE PUBLIC, OFFERING UNIQUE DINING, RETAIL, ENTERTAINMENT AND FREE PROGRAMMING TO NEARLY 9 MILLION GUESTS ANNUALLY, WHILE RELIEVING THE BURDEN OF THE GOVERNMENT TO MAINTAIN AND OPERATE THE HISTORIC DESTINATION.
Describe the Organization's Program Activity:
AS AN ICON OF THE CITY, NAVY PIER IS FIRMLY ROOTED IN CHICAGO'S VIBRANT CULTURE, UNIQUE SKYLINE, AND CONNECTED COMMUNITIES. THE LONGEST PIER IN THE WORLD, IT'S MORE THAN A LIVING POSTCARD, IT'S AN ECONOMIC ENGINE, PROVIDING SPACE AND EXPOSURE FOR SMALL AND FAMILY-OWNED BUSINESSES AND OFFERING EMPLOYMENT OPPORTUNITIES FOR MORE THAN 3,000 PEOPLE, OFTEN WITH UNIQUE JOB-SKILLS TRAINING, AND OFTEN TO NEW-ENTRIES TO THE WORKFORCE. NAVY PIER PROVIDES A YEAR-ROUND WORLD-CLASS STAGE FOR EMERGING INDEPENDENT ARTISTS AND ESTABLISHED CULTURAL INSTITUTIONS ALIKE, PARTNERING WITH MORE THAN 1,000 ARTISTS AND 60 ORGANIZATIONS TO REFLECT THE BEST OF CHICAGO AND ITS NEIGHBORHOODS, INCLUDING TENANT NONPROFITS SUCH AS CHICAGO SHAKESPEARE THEATER AND CHICAGO CHILDREN'S MUSEUM. NAVY PIER DESIGNS ITS OWN ARTS, CULTURE, (SEE SCHEDULE O) AND ENGAGEMENT (ACE) PROGRAMMING TO INSPIRE, EDUCATE AND CONNECT ARTISTS TO AUDIENCES. EVEN IN A YEAR DRASTICALLY CURTAILED BY THE CORONAVIRUS PANDEMIC, NAVY PIER REOPENED IN APRIL 2021 TO OFFER SAFE AND ENGAGING EXPERIENCES TO ITS GUESTS, INCLUDING THE LAUNCH OF DARING NEW INITIATIVES SUCH THE TWO-DAY PERFORMANCE FESTIVAL CHICAGO LIVE AGAIN!.HIGHLIGHTS INCLUDE:- NOTE: ALL PROGRAMMING PRIOR TO MAY 1, 2021 WAS CANCELED DUE TO THE PANDEMIC AND THE PIER'S UNPRECENDENTED CLOSURE. - THE RETURN OF NAVY PIER'S MOST POPULAR FREE PROGRAMS, SUCH AS LIVE ON THE LAKE! (WEEKLY LIVE MUSIC SERIES); WAVE WALL WAX (WEEKLY DJ SERIES); WIGGLEWORMS (WEEKLY CHILDREN'S MUSIC SERIES); SUMMER FITNESS (WEEKLY EXERCISE AND YOGA SERIES); WATER FLICKS (WEEKLY OUTDOOR FILM SERIES); NAVY PIER PRIDE (ANNUAL LGBTQ+ PRIDE CELEBRATION); WATER COLORS (WEEKLY LIVE JAZZ MUSIC SERIES); AND MORE.- LATINXT: A TWO-DAY LATIN MUSIC FESTIVAL FEATURING NEXT-GENERATION, TRADITION-BENDING MUSIC FROM LOCAL AND INTERNATIONAL LATINX ARTISTS.- FRESH FEST! PRESENTED BY ALLSTATE: AN ALL-DAY SHOWCASE FEATURING TALENTED LOCAL YOUTH.-CHI-SOUL FEST: A TWO-DAY MUSIC FESTIVAL FEATURING AND CELEBRATING CHICAGO'S NEWEST AND LEGENDARY SOUL ARTISTS.-CHICAGO LIVE AGAIN! A FREE EVENT WELCOMING THE RETURN OF LIVE PERFORMANCES IN CHICAGO FEATURING OVER 50 OF CHICAGO'S WORLD-RENOWNED PERFORMANCE ORGANIZATIONS.-"OUR COMMON HOME"- A FREE PUBLIC ART INSTALLION WITH MONTREAL BASED DIGITAL ART STUDIO IREGULAR.-LIGHT UP THE LAKE: NAVY PIER'S NEWEST TICKETED INDOOR WINTER EXPERIENCES FEATURING A MAGICAL LIGHT GARDEN, ICE RINK, AND MORE!PRE-PANDEMIC, NAVY PIER AND AFFILIATED PARTNERS GENERATED $130 MILLION IN ANNUAL SALES ONSITE, WHICH INFUSED APPROXIMATELY $15 MILLION INTO THE ECONOMY VIA CITY, COUNTY AND STATE TAXES, AS WELL AS AN ADDITIONAL $200 MILLION IN SALES IN THE IMMEDIATE VICINITY.SINCE BECOMING A NONPROFIT ORGANIZATION IN 2011, NAVY PIER HAS RAISED $74 MILLION FOR CAPITAL AND OPERATIONS. IN 2021, ROUGHLY 17% OF THE PIER'S $55.8 MILLION OPERATING REVENUE CAME FROM CORPORATE AND PHILANTHROPIC PARTNERS. THEIR GENEROUS SUPPORT AND CONTRIBUTIONS HELPED UNDERWRITE MANY OF THE PIER'S FREE PUBLIC PROGRAMS. AS A RESULT OF THE COVID-19 PANDEMIC, THE BOARD OF DIRECTORS ENGAGED IN A "SAVE THE PIER" FUNDRAISING CAMPAIGN TO ALLOW THE PIER TO RE-OPEN, REPLENISH CASH RESERVES AND CONTINUE TO OFFER RENT RELIEF TO ITS TENANT PARTNERS. "SAVE THE PIER" CAMPAIGN RAISED $9M IN CASH AND PLEDGES BETWEEN 2020 AND 2021, FROM APPROXIMATELY 50 DONORS COMPRISING INDIVIDUALS, FOUNDATIONS, AND CORPORATIONS.NAVY PIER, GOVERNED BY A 35-MEMBER VOLUNTEER BOARD CONSISTING OF BUSINESS AND CIVIC LEADERS, CONTINUES TO OPERATE DILIGENTLY UNDER THE VALUES OF EXCELLENCE, INCLUSION, STEWARDSHIP, AND INTEGRITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marilynn Gardner President & CEO | OfficerTrustee | 37.5 | $527,827 |
Brian Murphy Chief Operating Officer | Officer | 37.5 | $346,931 |
Jeffrey Brown CFO & Asst. Treasurer | Officer | 37.5 | $227,147 |
Dan Mitchell VP Of Contruction | 37.5 | $195,675 | |
Michael Degnan SVP Of Operations | 37.5 | $186,881 | |
Seth Kagy General Manager | 37.5 | $169,877 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Abm Parking Services Parking | 12/30/21 | $4,382,706 |
Aramark Globetrotters Llc Housekeeping | 12/30/21 | $2,515,301 |
Allied Universal Security Security | 12/30/21 | $1,879,491 |
Levy Restaurants Catering | 12/30/21 | $1,693,595 |
Spurrier Group Llc Advertising | 12/30/21 | $1,199,847 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $12,489,500 |
All other contributions, gifts, grants, and similar amounts not included above | $10,415,223 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $22,904,723 |
Total Program Service Revenue | $36,686,123 |
Investment income | $8,681 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $62,194,092 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,490,190 |
Compensation of current officers, directors, key employees. | $975,286 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,492,008 |
Pension plan accruals and contributions | $378,112 |
Other employee benefits | $1,332,740 |
Payroll taxes | $701,353 |
Fees for services: Management | $8,128,526 |
Fees for services: Legal | $459,301 |
Fees for services: Accounting | $112,865 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $402,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,422,777 |
Advertising and promotion | $2,584,265 |
Office expenses | $810,223 |
Information technology | $979,057 |
Royalties | $0 |
Occupancy | $6,061,084 |
Travel | $104,459 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,233,930 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,487,628 |
Insurance | $1,470,255 |
All other expenses | $207,503 |
Total functional expenses | $49,670,031 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $21,026,093 |
Savings and temporary cash investments | $282,931 |
Pledges and grants receivable | $6,073,336 |
Accounts receivable, net | $4,503,509 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $774,378 |
Net Land, buildings, and equipment | $166,003,283 |
Investments—publicly traded securities | $883,020 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $199,546,550 |
Accounts payable and accrued expenses | $5,695,473 |
Grants payable | $0 |
Deferred revenue | $7,439,592 |
Tax-exempt bond liabilities | $40,863,001 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $25,092,264 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,899,803 |
Total liabilities | $80,990,133 |
Net assets without donor restrictions | $111,800,107 |
Net assets with donor restrictions | $6,756,310 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $199,546,550 |
Over the last fiscal year, we have identified 13 grants that Navy Pier Inc has recieved totaling $991,035.
Awarding Organization | Amount |
---|---|
Illinois Tool Works Foundation Glenview, IL PURPOSE: UNRESTRICTED - GENERAL USE | $250,000 |
Caerus Foundation Inc Northbrook, IL PURPOSE: "SAVE THE PEOPLE'S PIER" CAMPAIGN | $250,000 |
Illinois Tool Works Foundation Glenview, IL PURPOSE: UNRESTRICTED - GENERAL USE | $250,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $100,000 |
Koch Family Foundation Chicago, IL PURPOSE: DISCRETIONARY USE BY RECEIVING ORGANIZATION | $50,000 |
Mansueto Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Arie And Ida Crown Memorial Chicago, IL | $852,063,993 | $134,733,179 |
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
The Barack Obama Foundation Chicago, IL | $693,835,698 | $159,957,411 |
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |