Cantigny Foundation
- Assets
- $450.0m
- Revenue
- $50.9m
- Investments
- $241.6m
- Employees
- 158
- Location
- Wheaton, IL
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 36-3689172
Organization Overview
Cantigny Foundation is located in Wheaton, IL. The organization was established in 1990. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Cantigny Foundation employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cantigny Foundation 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 12/2022, Cantigny Foundation generated $50.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $31.5m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CANTIGNY PARK, GOLF, MCCORMICK HOUSE AND FIRST DIVISION MUSEUM (CONTINUED IN SCH O)IN WHEATON, ILLINOIS. HONOR AND UPHOLD THE LAST WILL AND TESTAMENT OF COL. ROBERT R. MCCORMICK.
Describe the Organization's Program Activity:
OPERATION OF CANTIGNY PARK. PARK OPERATIONS INCLUDE A MUSEUM, A 27-HOLE GOLF COURSE, GOLF LEARNING CENTER, 9-HOLE YOUTH GOLF COURSE, CLUBHOUSE, EXTENSIVE GARDENS, A GREENHOUSE, HIKING TRAILS, CHILDREN'S PLAYGROUND, VISITOR CENTER, AND RESTAURANTS. IN 2022, OVER 450,000 VISITORS CAME TO ENJOY CANTIGNY PARK, GOLF, AND FIRST DIVISION MUSEUM. THIS INCLUDES OVER 155,000 VISITORS TO THE FIRST DIVISION MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Knight CEO & President | Officer | 16 | $285,873 |
Louis J Marsico Jr Sr. Vice President Of Operations | Officer | 40 | $477,961 |
David Granat Cio | Officer | 5 | $60,055 |
Kimberely Tyler CFO | Officer | 32 | $239,082 |
Oscar Regalado Senior Director Of Human Resources | Officer | 32 | $194,754 |
Matthew Lafond Executive Director, Cantigny Park | 40 | $201,767 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Airport Electric Company Building And Site Electric | 12/30/22 | $1,188,777 |
Bulley & Andrews Construction Management Svcs | 12/30/22 | $1,865,691 |
Edwin Anderson Construction Exterior Trim And Repairs | 12/30/22 | $1,182,181 |
Jp Phillips Inc Plaster Work | 12/30/22 | $652,461 |
Helm Mechanical Hvac Contractor | 12/30/22 | $638,686 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,460,897 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,574,551 |
| Total Program Service Revenue | $5,936,073 |
| Investment income | $4,675,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $696,319 |
| Net Gain/Loss on Asset Sales | $14,276,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,664,497 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,851,823 |
| 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. | $1,862,698 |
| Compensation of current officers, directors, key employees. | $654,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,324,589 |
| Pension plan accruals and contributions | $922,747 |
| Other employee benefits | $1,525,926 |
| Payroll taxes | $622,503 |
| Fees for services: Management | $6,089,165 |
| Fees for services: Legal | $106,902 |
| Fees for services: Accounting | $152,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,185 |
| Fees for services: Other | $1,083,192 |
| Advertising and promotion | $94,053 |
| Office expenses | $269,293 |
| Information technology | $403,093 |
| Royalties | $0 |
| Occupancy | $2,686,278 |
| Travel | $66,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,487 |
| Interest | $1,458,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,548,587 |
| Insurance | $502,181 |
| All other expenses | $35,521 |
| Total functional expenses | $31,529,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,089 |
| Savings and temporary cash investments | $125,280,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,204 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $349,305 |
| Prepaid expenses and deferred charges | $660,353 |
| Net Land, buildings, and equipment | $69,817,004 |
| Investments—publicly traded securities | $6,267,790 |
| Investments—other securities | $241,560,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,668,373 |
| Total assets | $450,019,790 |
| Accounts payable and accrued expenses | $10,530,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $57,642,181 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,055,971 |
| Total liabilities | $69,228,252 |
| Net assets without donor restrictions | $379,952,538 |
| Net assets with donor restrictions | $839,000 |
| 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 | $450,019,790 |