SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Name of the organization
THE CHICAGO ACADEMY OF SCIENCES
 
Employer identification number

36-0895575
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES NICOLE LACY, MICHELLE HAWVER & PEGGY NOTEBAERT HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS CAREFULLY REVIEWED BY KEY MEMBERS OF THE EXECUTIVE LEADERSHIP TEAM AT THE ACADEMY PRIOR TO BEING FILED. THE FORM 990 IS ALSO REVIEWED WITH THE ACADEMY'S FINANCE COMMITTEE PRIOR TO BEING FILED.
FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, ANY TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH AUTHORITY TO TAKE ACTION ON BEHALF OF THE BOARD OF TRUSTEES ("DESIGNATED COMMITTEE") MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF DESIGNATED COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OF TRUSTEES OR DESIGNATED COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR DESIGNATED COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA IS GATHERED FOR SIMILAR POSITIONS BOTH LOCALLY AND NATIONALLY. THE COMPENSATION LEVEL FOR THE CEO IS DISCUSSED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, FINANCIAL INFORMATION IS INCLUDED IN THE ANNUAL REPORT AND FORM 990, WHICH ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
FORM 990, PART X, LINE 20: IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, COSTS INCURRED FOR BOND FINANCING ARE CAPITALIZED AND AMORTIZED OVER THE LIFE OF THE BONDS PAYABLE. UNAMORTIZED BOND COSTS ARE REPORTED AS A DIRECT DEDUCTION FROM THE FACE AMOUNT OF THE BONDS PAYABLE. FACE AMOUNT OF BONDS PAYABLE ARE AS FOLLOWS: JUNE 30, 2021: $4,519,750 JUNE 30, 2020: $4,519,750
FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PENSION LIABILITY 325,853. CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 43,111. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 285,270. ADJUSTMENT FROM ADOPTION OF ASU 2014-09 -77,510.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020


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