Page 42 - Annual Report 2022
P. 42

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                                                    T h e Boa r d o f T r u s t e e s o f t h e C h i c a g o Z o o l o g i c a l      We also invested in the park, including the replace- -
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                                                    Society (the “Society”) is pleased to report positive     ment of 3 miles of Nicor Gas lines, the renovations
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                                                    f financial results for the fiscal year ending March 31 ,  ,   of Discovery Center and Seven Seas, and extensive
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           FISCAL YEAR                              2 0 e 2 o a 3 r t . T h e r h v e e s u l ue  opp e d r t i u v o n e o ( i e t h y a c o n o t ” s i ) n   - u c e on t a o i c u s o n n t      preparations for reaccreditation on-site inspections
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                                                    2023. The results were driven by a continued focus on
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                                                    creating revenue opportunities and cost-containment
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                                                    efforts at the Brookfield Zoo (the “Zoo”).
                                                                                                      Fiscal 2023 was a pivotal year for the Chicago
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                                                                                                    planning process was launched for a new Master Plan
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                                                    food and retail were strong. The Zoo had a total
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                                                    of 1,564,764 visitors and an increase in membership     that will guide the development of the Zoo through
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                                                                                                      To address rising costs, we proposed an amend-
                                                       T h e s e p o s i t i v e f i n a n c i a l r e s u l t s , i n pa r t , r e f l e c t      T o a d d r e s s r i s i n g c o s t s , w e p r o p o s e d a n a m e n d -
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                                                                                                                                    we
                                                                                                                                           i
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                                                                                           o
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                                                                             r
                                                         v
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                                                          e t
                                                             e Z
                                                            h
                                                    i
                                                    improve the Zoo’s guest experience. After a two-year     continued financial stability. However, we remain
                                                    m
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                                                                                                        i
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                                                                                                                                          s

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                                                    hiatus caused by the pandemic, many programs      f firmly committed to ensuring the cost of admission
                                                                                                                             h
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                                                                         d
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                                                                                                                                           n
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                                                                                                    o t
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                                                    were able to resume and continued to be popular.
                                                                                                                                    o
                                                                                                                            c
                                                                                                                                            y
                                                                                                                              e
                                                    w e r e a b l e t o r e s u m e a n d c o n t i n u e d t o b e p o p u l a r .    t to the Zoo is not a barrier to access through many
                                                                                                                       i
                                                                                                                               s
                                                                                                                 t a ba
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                                                                                                                                  h
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                                                                                                                             c
                                                                                                                                          a
                                                                                                                                      g
                                                                                                    community opportunities for free admission.
                                                    Z o o C a m p f o r c h i l d r e n , a g e 4 t h r o u g h 1 st st  g r a d e,      c om m u n i t y  opp or t u n i t i e s  f or  f r e e  a d m i s s i on .
                                                    Zoo Camp for children, age 4 through 1  grade,
                                                                                                                                      h
                                                                       m
                                                                                                                     s t
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                                                                                    n
                                                                                                                                  c
                                                                                                                                p
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                                                                                             m

                                                                                            m
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                                                                                                           o
                                                    f fully sold out for the summer season and our summer     The Society wishes to extend special thanks
                                                                                                                   h
                                                                                        u
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                                                         o
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                                                                                                                                        n
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                                                                                                    and appreciation to the Forest Preserves of
                                                     onc
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                                                                              d.
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                                                                       l
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                                                                        t
                                                                  a
                                                               s
                                                    concert series was well attended.               a n d a p p r e c i a t i o n t o t h e F o r e s t P r e s e r v e s o f
                                                                        a
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                                                       Earlier this year, we celebrated the passage of      Cook County, our public partner, as well as our
                                                                                       a
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                                                    a F o r e s t P r e s e r v e s o f C o o k C o u n t y r e f e r e n d u m t h a t    very generous Trustees, Women’s Board members,
                                                                                                                                        m
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                                                    a Forest Preserves of Cook County referendum that
                                                                                                                           m
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                                                                    i
                                                                       n
                                                                                                    Governing Members, and donors. Their support—
                                                      i
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                                                                                            p
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                                                    will provide an additional $4 million a year to help     G o v e r n i ng  M e m b e r s ,  a n d  donor s .  T h e i r  s u pp or t —
                                                                   d
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                                                         o
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                                                                                           e
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                                                                  d
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                                                             e m
                                                    address the more than $170 million of deferred
                                                                                                                                       u
                                                                                      e
                                                                                      f
                                                                         7
                                                                                          d
                                                                                        r
                                                                                                             h
                                                                                                                           t
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                                                                                                                       e c
                                                                              i
                                                                                                    as well as the invaluable contributions of our
                                                                                                              e i
        Squirrel                                    a n d f d a r s e t s r s t c h t u r e a o n r e t h a a p n $ 1 l n 0 m d i l s r o e n o e f d e o t r h e e Z   o o ’ s    a s w e l t l a e s t  an d n  s v t a a l u f a b l m ai o n t ai r i n b  t u h t i e o  f n i nan f o i al r
                                                                                l
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                                                                  d c
                                                                                                           r
                                                                                                      un
                                                                           e
                                                    i
                                                                                                                   f
                                                                                                    volunteers and staff—maintain the financial
                                                    infrastructure and capital needs related to the Zoo’s
                                                                                                            s
                                                      r
                                                          u
                                                                                                                                      c
                                                                                   d t
                                                                                                    v
                                                                                                                    —
                                                                                                     o
                                                                       a
                                                                       t
                                                                      i
                                                                          e
        Monkeys                                     b ui l di n g s  an d  gr o un d s .            f foundation of the Chicago Zoological Society. .
                                                                                                                                     o
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                                                                                                         a
                                                                                                                     i
                                                                                                                    h
                                                                                                                      c
                                                                                                                                       i
                                                                                                                                   l
                                                                                                                                    S
                                                                                                                               g
                                                                                                          i
                                                                                                           on
                                                                                                                       a
                                                                                                                        go
                                                                                                          t
                                                                                                                h
                                                    buildings and grounds.
                                                                                                              of
                                                                                                                t
                                                                                                                              l
                                                                                                       n
                                                                                                    ou
                                                                                                                 e
                                                                                                                             o
                                                                                                                                        t
                                                                                                                                       e
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                                                                                                                                  a
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                                                             l
                                                                  o f
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                                                                                 l i
                                                            e
                                                                                   c
                                                                             a
                                                                                  n
                                                       Brookfield Zoo faced substantial increases in
                                                                                          n
                                                                                        s i
                                                       B
                                                                    a
                                                                       d s

                                                                           s
                                                         o
                                                                         u
                                                                            t
                                                                      e
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                                                                                       s
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                                                                   s
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                                                      e

                                                                                             .
                                                     p
                                                                                             r
                                                        a
                                                                                        w
                                                                           h
                                                                        e
                                                    o
                                                                                          e
                                                    operational expenses over the past year, however.
                                                       r
                                                                    e
                                                               x
                                                                                 t y
                                                                                s
                                                            a
                                                                 e
                                                                     s o
                                                                                   e
                                                             l e
                                                    The high rate of inflation impacted the cost of
                                                    T h e h i g h r a t e o f i n f l a t i o n i m pa c t e d t h e c o s t o f
                                                      o
                                                                 c
               * Financial highlights from audited   goods and services. We invested in our staff through     M i c ha e l  P .  E mm e r t
                                                                                           r
                                                                                               h
                                                                                       f
                                                         s a
                                                                                        f t
                                                                                         h
                                                                              d i
                                                       d
                                                     o
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                                                                                            u
                                                                             e
                                                              e
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                                                                          e
                                                                 i
                                                                   s
                                                                           s
                                                                        n
                                                                    . W
                                                    g
                                                                                           o
                                                           n
                                                            d s
                                                                v
                                                                                      a
                                                                                      t
                                                                                   u
                                                                  e
                                                                            t
                                                                                                    Michael P. Emmert
                                                                          v
                                                               r
                                                                                    r s
                                                                       e i
               financial statements will be available   i improvements to wages and benefits that are      T r e a s u r e r , B oa r d o f T r u s t e e s
                                                                                  s

                                                                 o
                                                                                         e
                                                                                                    Treasurer, Board of Trustees
                                                                                 f
                                                               s
                                                                                    ha
                                                    mp
                                                                                    t
                                                          em
                                                                     g
                                                                              en
                                                                           d
                                                                                e
                                                        o
                                                                             b
                                                                         an
                                                                    a
                                                                        s
                                                                                        ar
                                                                   w
                                                                 t
                                                         v
                                                                       e
                                                                                      t
                                                       r
                                                             en
                                                               t
                                                                                  t
                                                                                 i
                                                                                                              l
                                                                                                              o
                                                                                               t
                                                                    o
                                                    h
               in the following months.             helping us regain competitiveness in the job market.  .    Chicago Zoological Society
                                                                                                    C
                                                                           i
                                                                                              e
                                                                                                                ic
                                                                                                       a
                                                                        e
                                                                                                      ic
                                                                                                     h
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                                                                       p
                                                                               s
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                                                                                    h
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                                                                                                                     c
                                                                                                                        y
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                                                                             n
                                                              e
                                                                                                                       e
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                                                               g
                                                                     m
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                                                      l
                                                                 i
                                                       p
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                                                                                             k
                                                                                            r
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                                                        i
                                                                a
                                                                                       o
                                                         g u
                                                                                                                    o
                                                                                                             o
                                                                                                                    S
                                                                                        b m
                                                                              e
                                                                            e
                                                        n
     40  BROOKFIELD ZOO | CHICAGO ZOOLOGICAL SOCIETY
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