Overview
What is Navy Pier Inc?
Navy Pier Inc, located in Chicago, Illinois, is a vibrant cultural institution rooted in the city's diverse communities. This nonprofit organization, governed by a volunteer board of directors, is the longest pier in the world and a significant economic engine. It provides opportunities for small and locally-owned businesses, creating employment for approximately 3,000 people, many of whom receive unique job-skills training and career development. Navy Pier partners with over 1,000 individual artists and hundreds of performing organizations, reflecting Chicago's rich diversity. Their year-round platform hosts a variety of programs, including free music and film series, festivals, and cultural events, attracting nearly 9 million guests annually. Navy Pier's mission is to make the iconic lakefront destination accessible to the public, fulfilling Daniel Burnham's vision, while offering dynamic and eclectic experiences through partnerships and programs.
Official website here: www.navypier.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating) from Charity Navigator.
Navy Pier Inc has achieved a perfect score, reflecting exceptional standards in accountability and financial management. The charity's high rating is a testament to its robust governance structure, with a fully independent board and comprehensive oversight mechanisms in place. These factors contribute to the organization’s transparency and responsible use of funds.
A significant strength noted is the high program expense ratio of 88.58%, indicating that a large majority of its resources are dedicated directly to programs and services rather than administrative costs. The organization also adheres to best practices by maintaining a conflict of interest policy, a whistleblower policy, and properly retaining essential documentation.
There are no significant limitations or concerns highlighted in the feedback, suggesting that Navy Pier Inc is effectively managing its operations and resources. The absence of material diversions of assets and the strong liabilities to assets ratio further solidify the organization's financial health and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Navy Pier Inc legitimate?
Navy Pier Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Navy Pier Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,722,457
Professional Fundraising Fees: $32,500
Other Salaries and Wages: $7,172,685
For more financial information, click here
Official website here: www.navypier.org
What is the mission statement of Navy Pier Inc?
Navy Pier Inc is a vibrant and welcoming cultural destination that caters to the public, offering unique dining, retail, entertainment, and free programming. It is committed to fulfilling Daniel Burnham's vision of keeping Chicago's magnificent lakefront open and accessible to all. Spanning over 50 acres, this pier engages locals and visitors with diverse and inspiring experiences through partnerships and programs. With stunning views of the iconic skyline and endless shoreline, Navy Pier continues to captivate and delight guests, attracting nearly 9 million visitors annually.
Official website here: www.navypier.org
Who is the CEO of Navy Pier Inc?
Marilynn Gardner is the President & Ceo of Navy Pier Inc. The CEO's salary of Navy Pier Inc is $597,678 and their total compensation is $659,117.
Official website here: www.navypier.org
What is the revenue of Navy Pier Inc?
Navy Pier Inc's revenue in 2022 was $70,370,766.
Official website here: www.navypier.org
Who are the executives of Navy Pier Inc and what are their salaries?
The average compensation at Navy Pier Inc during 2022 was $15,660. There are 568 employees and 100 volunteers at Navy Pier Inc.
Here are 45 key members and their salaries (Navy Pier Inc's CEO's salary is $597,678 and their total compensation is $659,117):
- Compensation: $597,678
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- Compensation: $192,856
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- Compensation: $205,028
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- Other: $25,358
- Compensation: $173,273
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- Other: $48,235
Official website here: www.navypier.org
Where can I find the form 990 for Navy Pier Inc?
Navy Pier Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.navypier.org
Learn more at the official website: www.navypier.org
Mission Statement of Navy Pier Inc
Navy Pier Inc, a renowned cultural institution in Chicago, serves as an all-welcoming, year-round civic destination that is free to the public. This iconic pier offers unique dining, retail, entertainment, and free programming to nearly nine million guests annually, providing relief to the government in maintaining and operating this historic site.
Fulfilling the visionary edict of Daniel Burnham, Navy Pier engages locals and visitors alike with dynamic and eclectic experiences. Spanning over 50 acres of parks, Navy Pier showcases unmatched views of Chicago's celebrated skyline and the endless shoreline. Through strategic partnerships and innovative programs, Navy Pier inspires discovery and wonder, embodying Burnham's dream of keeping Chicago's magnificent lakefront open and accessible to the people.
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Impact
October, 2024
Navy Pier in Chicago serves as a vital civic and cultural hub, attracting nearly 9 million visitors annually with its diverse offerings of dining, retail, entertainment, and free programming. It operates year-round, providing a space that fosters community engagement and showcases the city's vibrant culture through partnerships with over 1,000 artists and numerous performing organizations.
As the longest pier in the world, Navy Pier acts as an economic engine, creating approximately 3,000 jobs and nurturing small, locally-owned businesses. It is noted for its commitment to workforce development, offering unique job-skills training and career opportunities.
The Pier hosts various popular free programs, such as "Live on the Lake!" and "Summer Fitness," along with signature festivals like the Latinx Music Festival and the Chi-Soul Fest, which celebrate the rich cultural tapestry of Chicago. Major events, including the Chicago Live performance series and the adrenaline-fueled SailGP sailing race, further enhance its reputation as a key destination for both locals and tourists.
Governed by a volunteer board of directors composed of civic and business leaders, Navy Pier embodies the principles of excellence, inclusion, stewardship, and integrity. Its mission aligns with a vision to keep Chicago's magnificent lakefront accessible and engaging to all, thereby fulfilling its role as the "People's Pier." With 50 acres of parks and breathtaking views of the Chicago skyline, Navy Pier continues to inspire discovery and wonder among its visitors.
This information is meant to be a general summary of Navy Pier Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $67,010
- Program Service Revenue: $52,139,991
- Gross Receipts: $70,810,330
Assets and Liabilities:
- Total Assets: $198,751,682
- Total Liabilities: $80,114,129
- Net Assets: $118,637,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
USE OF EXHIBIT FACILITIES
Revenue
$13,962,684
RETAIL
Revenue
$12,458,758
PIER PARK AMUSEMENTS
Revenue
$12,061,298
PUBLIC PARKING
Revenue
$11,680,545
PROGRAM EVENTS
Revenue
$1,976,706
Organization Details
Founding Year
2011
Phone
(312) 595-7437Principal Officer
Marilynn Gardner
Main Address
600 EAST GRAND AVENUE, CHICAGO, IL, 606113419
Website
www.navypier.orgNTEE Category
Code: A80 - Arts
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