NAVY PIER INC

EIN: 274813461 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$66,858,095
Total Expenses
$74,154,419
Total Assets
$187,290,594
Net Assets
$111,699,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
MARILYNN GARDNER
Phone
3125957437
Tax Period
2023-01-01 to 2023-12-31

NAVY PIER INC, founded in 2011, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $66.9M in total revenue in fiscal year 2023. Expenses of $74.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,663,467
Program Service Revenue $59,801,690
Investment Income $420,729
Other Revenue $1,972,209
TOTAL REVENUE $66,858,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,158,641
Fundraising Expenses $1,178,100
Program Expenses $66,230,301
Other Expenses $59,995,778
TOTAL EXPENSES $74,154,419

Year-over-Year Comparison

2023 2022 Change
Revenue $66,858,095 $70,370,766 0.0%
Expenses $74,154,419 $71,168,111 +0.0%
Net Income $-7,296,324 $-797,345 +8.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
27
Employees
466
Volunteers
100

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,202,554
Total Directors
37
$681,648
Key Employees
2
$767,784
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARILYNN GARDNER PRESIDENT & CEO 37.50
Officer Director
$617,547 $64,101 $681,648
JENNIFER STEANS CHAIR (AS OF 02/2023) 5.00
Officer Director
$0 $0 $0
WILLIAM J BRODSKY CHAIR (THRU 02/2023) 5.00
Officer Director
$0 $0 $0
STEVE KOCH VICE CHAIR (AS OF 02/2023) 5.00
Officer Director
$0 $0 $0
MICHELLE L COLLINS SECRETARY 5.00
Officer Director
$0 $0 $0
JILL GRIEBENOW TREASURER 5.00
Officer Director
$0 $0 $0
JEFF BETHKE EX-OFFICIO 1.00
Director
$0 $0 $0
JAMES BLAIR DIRECTOR 1.00
Director
$0 $0 $0
JOHN BUCKSBAUM DIRECTOR 1.00
Director
$0 $0 $0
GISSELLE CASTILLO-VEREMIS DIRECTOR (THRU 02/2023) 1.00
Director
$0 $0 $0
GERY J CHICO DIRECTOR 1.00
Director
$0 $0 $0
EILEEN CHIN DIRECTOR (AS OF 02/2023) 1.00
Director
$0 $0 $0
LARITA CLARK EX-OFFICIO 1.00
Director
$0 $0 $0
RICARDO ESTRADA DIRECTOR (THRU 06/2023) 1.00
Director
$0 $0 $0
SASHA GERRITSON DIRECTOR (AS OF 02/2023) 1.00
Director
$0 $0 $0
SCOTT GOODMAN DIRECTOR 1.00
Director
$0 $0 $0
SANDRA P GUTHMAN DIRECTOR 1.00
Director
$0 $0 $0
SYREETA HARRIS STRICKLAND DIRECTOR (AS OF 02/2023) 1.00
Director
$0 $0 $0
DEAN M HARRISON DIRECTOR 1.00
Director
$0 $0 $0
EMILY HEISLEY STOECKEL DIRECTOR 1.00
Director
$0 $0 $0
TORRENCE HINTON DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS HUNTER DIRECTOR (AS OF 12/2023) 1.00
Director
$0 $0 $0
LAURA KEIDAN MARTIN DIRECTOR 1.00
Director
$0 $0 $0
LISA KONIK ARONIN DIRECTOR (THRU 02/2023) 1.00
Director
$0 $0 $0
AARTI KOTAK DIRECTOR (AS OF 02/2023) 1.00
Director
$0 $0 $0
ROBIN LOEWENBERG TEBBE DIRECTOR (THRU 02/2023) 1.00
Director
$0 $0 $0
TERRANCE B MCGANN EX-OFFICIO (AS OF 02/2023) 1.00
Director
$0 $0 $0
SUZET MCKINNEY DIRECTOR (AS OF 02/2023) 1.00
Director
$0 $0 $0
RICHARD S PRICE DIRECTOR 1.00
Director
$0 $0 $0
JORGE RAMIREZ DIRECTOR 1.00
Director
$0 $0 $0
BRIDGET REIDY DIRECTOR 1.00
Director
$0 $0 $0
SMITA SHAH DIRECTOR 1.00
Director
$0 $0 $0
JOHN H SIMPSON DIRECTOR 1.00
Director
$0 $0 $0
ERIC SMITH DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL A TOOLIS DIRECTOR (THRU 02/2023) 1.00
Director
$0 $0 $0
KELLY R WELSH DIRECTOR 1.00
Director
$0 $0 $0
PHIL WILMINGTON DIRECTOR (AS OF 12/2023) 1.00
Director
$0 $0 $0
JEFFREY BROWN CFO & ASST. TREASURER 37.50
Officer
$297,010 $24,592 $321,602
CHONA MAGLAYA VP AND ASST SEC'Y 37.50
Officer
$187,047 $12,257 $199,304
BRIAN MURPHY CHIEF OPERATING OFFICER 37.50
Key Emp
$398,054 $64,551 $462,605
ARNALDO RIVERA CHIEF ADMIN. & EQUITY OFF. 37.50
Key Emp
$286,422 $18,757 $305,179
SETH KAGY GENERAL MANAGER 37.50
Highest
$239,613 $57,876 $297,489
DAN MITCHELL VP OF CONSTRUCTION 37.50
Highest
$202,869 $55,969 $258,838
MICHAEL DEGNAN SVP OF OPERATIONS 37.50
Highest
$201,387 $56,924 $258,311
AMANDA WILLARD VP OF MARKETING & COMMUNICATIONS 37.50
Highest
$216,967 $38,678 $255,645
ELIZABETH HALAJIAN INTERIM SENIOR VP OF ADVANCEMENT 37.50
Highest
$192,380 $54,175 $246,555
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $66,858,095 $74,154,419 $187,290,594 $-7,296,324
2022 $70,370,766 $71,168,111 $198,751,682 $-797,345
2021 $62,194,092 $49,670,031 $199,546,550 $12,524,061
2020 $19,466,243 $40,929,090 $187,052,693 $-21,462,847
2019 $58,509,092 $61,341,793 $209,784,547 $-2,832,701
2018 $56,547,221 $62,037,341 $208,890,332 $-5,490,120
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