Cantigny Foundation
- Assets
- $482.1m
- Revenue
- $23.3m
- Investments
- $293.4m
- Employees
- 155
- Location
- Wheaton, IL
- Founding
- 03/1990
- Data as of
- 12/2021
- 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 12/2021, Cantigny Foundation employed 155 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 12/2021, Cantigny Foundation generated $23.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $26.6m 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
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 TWO MUSEUMS, 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 2021, OVER 390,000 VISITORS CAME TO ENJOY CANTIGNY PARK, GOLF, AND MUSEUMS. THIS INCLUDES OVER 80,000 VISITORS TO THE FIRST DIVISION MUSEUM AND OVER 4,800 VISITORS TO THE MCCORMICK HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis J Marsico Jr Sr. Vice President Of Operations | Officer | 32 | $324,109 |
Matthew Lafond Executive Director, Cantigny Park | Officer | 40 | $195,117 |
Krewasky Salter Executive Dir. 1st Division Museum | Officer | 40 | $193,615 |
Ed Holzman Director Of Facilities | 40 | $143,199 | |
Scott Witte Director Of Horticulture | 40 | $141,975 | |
Jeff Reiter Sr. Manager Of Communications | 40 | $139,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Featherstone Inc Mccormick Mansion Renovation | 12/30/21 | $662,901 |
Vinci-hamp Architects Inc Architects | 12/30/21 | $543,847 |
Bulley & Andrews Construction Management Svcs | 12/30/21 | $982,801 |
Helm Mechanical Hvac Contractor | 12/30/21 | $561,263 |
Bird Inc Earthwork & Required Shoring | 12/30/21 | $385,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $807,647 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $812,594 |
| Total Program Service Revenue | $5,808,938 |
| Investment income | $2,249,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $353,907 |
| Net Gain/Loss on Asset Sales | $10,717,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,401,829 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,347,648 |
| 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. | $1,547,018 |
| Compensation of current officers, directors, key employees. | $402,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,754,379 |
| Pension plan accruals and contributions | $804,503 |
| Other employee benefits | $1,347,606 |
| Payroll taxes | $535,684 |
| Fees for services: Management | $5,688,283 |
| Fees for services: Legal | $199,247 |
| Fees for services: Accounting | $69,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,520 |
| Fees for services: Other | $472,620 |
| Advertising and promotion | $64,579 |
| Office expenses | $185,810 |
| Information technology | $332,002 |
| Royalties | $0 |
| Occupancy | $2,627,688 |
| Travel | $19,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,947 |
| Interest | $675,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,357,954 |
| Insurance | $424,607 |
| All other expenses | $26,105 |
| Total functional expenses | $26,646,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,573 |
| Savings and temporary cash investments | $115,210,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $290,939 |
| Prepaid expenses and deferred charges | $571,355 |
| Net Land, buildings, and equipment | $62,396,947 |
| Investments—publicly traded securities | $6,254,271 |
| Investments—other securities | $293,353,401 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,457,775 |
| Total assets | $482,055,746 |
| Accounts payable and accrued expenses | $10,887,031 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $50,321,438 |
| 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 | $277,065 |
| Total liabilities | $61,485,534 |
| Net assets without donor restrictions | $419,731,212 |
| 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 | $482,055,746 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cantigny Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Wadsworth Golf Charities Foundation Plainfield, IL PURPOSE: TO FURTHER THE FOUNDATION'S EXEMPT PURPOSES. | $5,000 |
Endowment Analysis
| Beg. Balance | $839,000 |
| Ending Balance | $839,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cantigny Foundation Wheaton, IL | $482,055,746 | $23,347,648 |
Ball Brothers Foundation Muncie, IN | $163,131,007 | $28,120,087 |
George And Frances Ball Foundation Muncie, IN | $76,278,352 | $7,203,214 |
Friends Of The Robert Crown Center Evanston, IL | $364,936 | $1,586,328 |
Edmund F And Virginia B Ball Foundation Inc Muncie, IN | $23,329,269 | $2,218,558 |
Chicago Parks Foundation Chicago, IL | $6,269,164 | $4,256,299 |
The Tower Grove Park Foundation Saint Louis, MO | $14,895,981 | $1,801,990 |
Ball Foundation Glen Ellyn, IL | $10,980,594 | $409,210 |
Chicago Rowing Foundation Chicago, IL | $1,413,266 | $1,236,194 |
Atchison Ymca Qalicb Inc Kansas City, MO | $9,758,868 | $380,000 |
Friends Of Lake Forest Parks And Recreation Lake Forest, IL | $990,377 | $433,092 |
Pekin Park Foundation Pekin, IL | $1,074,794 | $584,310 |