Navy Pier Inc
- Assets
- $187.3m
- Revenue
- $66.9m
- Investments
- $0.0
- Employees
- 466
- Location
- Chicago, IL
- Founding
- 07/2011
- Data as of
- 12/2023
- EIN
- 27-4813461
Organization Overview
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 12/2023, Navy Pier employed 466 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 12/2023, Navy Pier generated $66.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $74.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NAVY PIER, CHICAGO'S ICONIC LAKEFRONT TREASURE AND CULTURAL INSTITUTION, IS (SEE SCHEDULE O)AN ALL-WELCOMING, YEAR-ROUND CIVIC AND CULTURAL DESTINATION 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:
Part 3 - Line 4a
AS AN ICON OF THE CITY, NAVY PIER IS FIRMLY ROOTED IN CHICAGO'S VIBRANT CULTURE, UNIQUE ARCHITECTURE, AND CONNECTED COMMUNITIES. AS THE LONGEST PIER IN THE WORLD, NAVY PIER IS A VITAL ECONOMIC ENGINE AND PROUD FIRST EMPLOYER, PROVIDING SPACE AND BUSINESS DEVELOPMENT OPPORTUNITIES FOR SMALL AND LOCALLY-OWNED BUSINESSES AND SUSTAINING 3,000 JOBS ANNUALLY, OFTEN THROUGH JOB-SKILLS TRAINING. NAVY PIER PROVIDES A YEAR-ROUND WORLD-CLASS PLATFORM FOR CHICAGO'S CULTURAL COMMUNITY, PARTNERING WITH THOUSANDS OF INDIVIDUAL ARTISTS AND HUNDREDS OF PERFORMING ORGANIZATIONS THAT REPRESENT THE VIBRANCY OF CHICAGO AND ITS 77 NEIGHBORHOODS. NAVY PIER IS HOME TO NONPROFIT PARTNERS CHICAGO SHAKESPEARE THEATER, CHICAGO CHILDREN'S MUSEUM, AND CHICAGO PUBLIC MEDIA AND PROUDLY PRESENTS CULTURAL PROGRAMMING (SEE SCHEDULE O)INTENDED TO INSPIRE, EDUCATE, AND AUTHENTICALLY CONNECT ARTISTS TO AUDIENCES. HIGHLIGHTS INCLUDE:- NAVY PIER'S POPULAR FREE PROGRAMS, SUCH AS LIVE ON THE LAKE! AND SKYLINE SESSIONS (LIVE MUSIC SERIES); WAVE WALL WAX (DJ SERIES); PIER FITNESS (EXERCISE AND YOGA SERIES); WATER FLICKS (OUTDOOR FILM SERIES); NAVY PIER PRIDE (ANNUAL LGBTQ+ PRIDE CELEBRATION); AND CHICAGO'S FREE FIREWORKS.- LATINXT: A TWO-DAY LATIN MUSIC FESTIVAL FEATURING NEXT-GENERATION, TRADITION-BENDING MUSIC FROM LOCAL AND INTERNATIONAL LATINX ARTISTS.- FRESH FEST!: A TWO-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: THE MIDWEST'S LARGEST FREE PERFORMING ARTS FESTIVAL.- COMMUNITY RIDES: ANNUALLY PROVIDES TRANSPORTATION STIPENDS AND 10,000 COMPLIMENTARY TICKETS TO LOCAL COMMUNITY ORGANIZATIONS AND SCHOOLS.NAVY PIER IS GOVERNED BY A 30-MEMBER VOLUNTEER BOARD OF DIRECTORS CONSISTING OF BUSINESS AND CIVIC LEADERS, AND CONTINUES TO OPERATE DILIGENTLY UNDER ITS CORE VALUES OF EXCELLENCE, INCLUSION, STEWARDSHIP, AND INTEGRITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilynn Gardner President & CEO | OfficerTrustee | 37.5 | $617,547 |
Jennifer Steans Chair (as Of 02/2023) | OfficerTrustee | 5 | $0 |
William J Brodsky Chair (thru 02/2023) | OfficerTrustee | 5 | $0 |
Steve Koch Vice Chair (as Of 02/2023) | OfficerTrustee | 5 | $0 |
Michelle L Collins Secretary | OfficerTrustee | 5 | $0 |
Jill Griebenow Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levy Restaurants Catering | 12/30/23 | $6,927,559 |
Aramark Globetrotters Llc Housekeeping | 12/30/23 | $5,122,449 |
Allied Universal Security Services Security | 12/30/23 | $3,053,817 |
Jms Electric Electrical | 12/30/23 | $1,885,323 |
Abm Parking Services Contracted Services | 12/30/23 | $5,021,147 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,424,433 |
| Related organizations | $0 |
| Government grants | $1,729,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,509,833 |
| Noncash contributions included in lines 1a–1f | $121,213 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,663,467 |
| Total Program Service Revenue | $59,801,690 |
| Investment income | $368,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,653 |
| Net Income from Fundraising Events | -$292,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,858,095 |
| 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. | $1,786,081 |
| Compensation of current officers, directors, key employees. | $962,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,624,303 |
| Pension plan accruals and contributions | $1,191,602 |
| Other employee benefits | $1,498,530 |
| Payroll taxes | $1,058,125 |
| Fees for services: Management | $19,065,949 |
| Fees for services: Legal | $285,071 |
| Fees for services: Accounting | $138,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,315,197 |
| Advertising and promotion | $3,083,579 |
| Office expenses | $1,065,741 |
| Information technology | $1,117,572 |
| Royalties | $0 |
| Occupancy | $7,489,481 |
| Travel | $222,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,964,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,709,891 |
| Insurance | $1,947,974 |
| All other expenses | $477,506 |
| Total functional expenses | $74,154,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,682,494 |
| Savings and temporary cash investments | $9,592,340 |
| Pledges and grants receivable | $5,263,581 |
| Accounts receivable, net | $2,607,239 |
| 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 | $1,344,569 |
| Net Land, buildings, and equipment | $157,481,401 |
| Investments—publicly traded securities | $5,318,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $187,290,594 |
| Accounts payable and accrued expenses | $7,200,063 |
| Grants payable | $0 |
| Deferred revenue | $6,164,507 |
| Tax-exempt bond liabilities | $38,616,473 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,207,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,402,883 |
| Total liabilities | $75,591,479 |
| Net assets without donor restrictions | $104,066,515 |
| Net assets with donor restrictions | $7,632,600 |
| 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 | $187,290,594 |