Civic Intelligence

Chicago Historical Society

EIN 36-2167004 • 501(c)3 • Chicago, IL

Profile

We share Chicago's stories,serving as a hub of schlarlship and learning, inspiration and civic engagement

Refreshing map…

1601 N Clark StreetChicago, IL 60614

www.chicagohistory.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.46x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

4.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

13th percentile

-13%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$304,302

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

23rd percentile

-0.2%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-15%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$125,966,733

Down $1,464,968 (-1.1%) from 2022

Liabilities

Down

$58,465,005

Down $4,103,820 (-6.6%) from 2022

Net Assets

Up

$67,501,728

Up $2,638,852 (+4.1%) from 2022

Revenue

Down

$13,368,780

Down $1,669,705 (-11%) from 2022

Expenses

Up

$15,042,346

Up $25,575 (+0.2%) from 2022

Net Income

Down

-$1,673,566

Down $1,695,280 (-7807%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $116,514,261Liabilities 2010: $62,924,952Net Assets 2010: $53,589,3092010Assets 2011: $121,080,372Liabilities 2011: $60,189,880Net Assets 2011: $60,890,4922011Assets 2012: $115,118,731Liabilities 2012: $71,066,712Net Assets 2012: $44,052,0192012Assets 2013: $117,415,076Liabilities 2013: $61,775,782Net Assets 2013: $55,639,2942013Assets 2014: $124,446,826Liabilities 2014: $62,487,696Net Assets 2014: $61,959,1302014Assets 2015: $123,196,060Liabilities 2015: $64,779,884Net Assets 2015: $58,416,1762015Assets 2016: $121,524,830Liabilities 2016: $74,205,232Net Assets 2016: $47,319,5982016Assets 2018: $123,085,091Liabilities 2018: $64,763,801Net Assets 2018: $58,321,2902018Assets 2019: $121,638,136Liabilities 2019: $68,994,096Net Assets 2019: $52,644,0402019Assets 2021: $142,770,893Liabilities 2021: $70,725,162Net Assets 2021: $72,045,7312021Assets 2022: $127,431,701Liabilities 2022: $62,568,825Net Assets 2022: $64,862,8762022Assets 2024: $125,966,733Liabilities 2024: $58,465,005Net Assets 2024: $67,501,7282024

Highlighted filing

2024

Assets$125,966,733
Liabilities$58,465,005
Net Assets$67,501,728

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MExpenses 2010: $16,183,4562010Expenses 2011: $14,269,6442011Expenses 2012: $14,313,3032012Expenses 2013: $15,287,5292013Revenue 2014: $15,695,997Expenses 2014: $15,142,804Net Income 2014: $553,1932014Revenue 2015: $19,195,261Expenses 2015: $16,347,615Net Income 2015: $2,847,6462015Revenue 2016: $17,608,829Expenses 2016: $16,628,976Net Income 2016: $979,8532016Revenue 2018: $15,089,750Expenses 2018: $18,077,423Net Income 2018: -$2,987,6732018Revenue 2019: $14,365,120Expenses 2019: $19,040,120Net Income 2019: -$4,675,0002019Revenue 2021: $16,768,760Expenses 2021: $14,865,994Net Income 2021: $1,902,7662021Revenue 2022: $15,038,485Expenses 2022: $15,016,771Net Income 2022: $21,7142022Revenue 2024: $13,368,780Expenses 2024: $15,042,346Net Income 2024: -$1,673,5662024

Highlighted filing

2024

Revenue$13,368,780
Expenses$15,042,346
Net Income-$1,673,566

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$126$58.5$67.5$13.4$15.0$1.67
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$127$62.6$64.9$15.0$15.0$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$143$70.7$72.0$16.8$14.9$1.90
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$69.0$52.6$14.4$19.0$4.68
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$64.8$58.3$15.1$18.1$2.99
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$74.2$47.3$17.6$16.6$0.98
2015Detailed filing. Detailed filing data is available for this year.$123$64.8$58.4$19.2$16.3$2.85
2014Detailed filing. Detailed filing data is available for this year.$124$62.5$62.0$15.7$15.1$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$61.8$55.6$15.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$71.1$44.1$14.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$60.2$60.9$14.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$62.9$53.6$16.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$25,950,221
Mission and Program Overview

Mission

The Chicago History Museum strives to be a destination for learning, inspiration, and civic engagement. Through dynamic exhibitions, tours, programs, digital resources, and special events, the Museum connects people to Chicago's history and to each other.

Serve as the primary destination for learning, inspiration, and civic engagement to connect people to Chicago's history and each other.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$49,250,356$51,046,025▲ $1,795,669
Land, Buildings, and Equipment, Net$30,822,621$29,031,165▼ $1,791,456
Investments Other Securities$29,865,565$28,776,398▼ $1,089,167
Other Notes and Loans Receivable, Net$2,000,000$3,833,289▲ $1,833,289
Pledges and Grants Receivable$3,475,098$3,730,979▲ $255,881
Savings and Temporary Cash Investments$4,829,101$3,145,524▼ $1,683,577
Accounts Receivable$258,166$289,238▲ $31,072
Prepaid Expenses and Deferred Charges$123,807$54,401▼ $69,406
Inventories for Sale or Use$56,944$36,997▼ $19,947
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$126,209,101$125,966,733▼ $242,368
Other Assets Total$5,527,443$6,022,717▲ $495,274
Liabilities
Tax Exempt Bond Liabilities$50,513,394$50,551,861▲ $38,467
Other Liabilities$7,250,062$5,993,454▼ $1,256,608
Accounts Payable and Accrued Expenses$750,290$1,518,734▲ $768,444
Deferred Revenue$599,700$400,956▼ $198,744
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$59,113,446$58,465,005▼ $648,441
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$45,134,694$45,809,692▲ $674,998
Net Assets With Donor Restrictions$21,960,961$21,692,036▼ $268,925
Total Net Assets Fund Balance$67,095,655$67,501,728▲ $406,073
Total Liabilities and Net Assets / Fund Balance$126,209,101$125,966,733▼ $242,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,406,302$40,539,800$0
Other Land Buildings$869,664$0$0
Land$1-$0
Equipment$2,755,198$15,634,634$0
Leasehold Improvements$0$0$0
Closely Held Equity Interests$0--
Financial Derivatives$28,776,398--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Donald LasserePresident and CEOFT$304,302$304,302
Cheryl ObermeyerVice President of FinanceFT$216,735$216,735
Thema McDonaldVice President of Marketing & CommunicationsFT$148,417$148,417
Michael AndersonDirector Institutional Advancement, Major GiftsFT$147,383$147,383
Shatierra ParksSenior Director of Human ResourcesFT$110,435$110,435
Maria Di LorenzoGeneral CounselPT$108,750$108,750

Highest Paid Contractors

ContractorServicesLocationCompensation
Crescent Cleaning CompanyCleaning Services8501 West Higgins Road, Suite 160, Chicago, IL 60631$423,785
Reliance Security ServicesSecurity Services6160 North Cicero Avenue, Suite 500, Chicago, IL 60646$213,746
Revenue and Support

Revenue Composition

Contributions and Grants
$7,146,964
Program Service Revenue
$871,653
Investment Income
$4,835,511
Other Revenue
$514,652
All Other Contributions
$2,491,876
Change in Net Assets
$-1,673,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,184,510
Salaries, Compensation, and Employee Benefits$6,857,836
Total Fundraising Expense$1,247,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,655,735$568,560$474,703$4,698,998
Depreciation Depletion$2,638,863$0$0$2,638,863
Interest$0$1,940,673$0$1,940,673
Current Officers, Directors, Trustees, and Key Employees$148,417$740,222$147,383$1,036,022
Occupancy$826,695$1,063$29,607$857,365
Fees for Service Investment Mgmnt Fees$0$619,345$0$619,345
Travel$202,428$76,627$316,008$595,063
Other Employee Benefits$485,328$13,028$47,714$546,070
Payroll Taxes$276,369$83,688$45,190$405,247
Office Expenses$181,397$13,690$168,121$363,208
Fees for Services Management$135,182$73,573$0$208,755
Insurance$0$208,233$0$208,233
Pension Plan Contributions$114,031$38,457$19,011$171,499
Advertising$149,322$0$98$149,420
Information Technology$0$122,703$0$122,703
Fees for Services Accounting$0$56,788$0$56,788
Fees for Services Legal$0$26,098$0$26,098
Total Functional Expenses$8,813,767$4,980,744$1,247,835$15,042,346
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Making History Awards$843,656$157,656$88,256$69,400
Total Events$843,656$157,656$169,539$-11,883
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Agreement Liability$5,993,454

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2006-02-09$50,975,000capital construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$50,975,000$0$0$498,484

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed by members of the Finance & Audit Committee. After reviewal, the document is distributed to the full board of trustees.

Form 990, Part VI, Section B, Line 12C

A periodic report of trustee related transactions are reviewed for potential conflict of interest.

Form 990, Part VI, Section B, Line 15

the organization's Executive committee is responsible for the annual review of compensation for the President and Key Employees. The process includes the review of performance against organization goals and comparable market salary data. It is completed with the Executive committee recommendation and approval by the Board of Trustees.

Form 990, Part VI, Section C, Line 19

The museum provides annual returns filed with the IRS available for public inspection and a copy upon request.

Filing and Contact Details

Filer

Filer Name
Chicago Historical Society
EIN
36-2167004
Phone
3126424600
Address
1601 N Clark Street, Chicago, IL 60614

Signing Officer

Name
Steven Holloway
Title
Director of Accounting
Phone
3127992120
Signed
2025-05-15

Organization Details

Principal Officer
Donald E Lassere
Formed
1857
Legal Domicile
Il
Voting Board Members
94
Independent Board Members
94
Employees
261
Volunteers
50
Raw XML AppendixShowing 400 of 1,050 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0750290
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01518734
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IRS990/AccountsReceivableGrp/EOYAmt0289238
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Serve as the primary destination for learning, inspiration, and civic engagement to connect people to Chicago's history and each other.
IRS990/AdvertisingGrp/FundraisingAmt098
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt0149322
IRS990/AdvertisingGrp/TotalAmt0149420
IRS990/AllOtherContributionsAmt02491876
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IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Donald E Lassere
IRS990/BooksInCareOfDetail/PhoneNum03127992200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01601 N Clark Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060614
IRS990/BusinessRlnWith35CtrlEntInd00
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
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IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
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IRS990/ContractorCompensationGrp/CompensationAmt1213746
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt16160 North Cicero Avenue
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine2Txt0Suite 160
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine2Txt1Suite 500
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IRS990/CostOfGoodsSoldAmt00
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IRS990/Desc0EDUCATION AND AUDIENCE - At the heart of the Chicago History Museum's mission to connect people to Chicago's history and each other, is our commitment to design and offer meaningful and relevant programs, resources, and experiences within and beyond the museum walls. We strive to empower and inspire learners of all ages and backgrounds to investigate Chicago's rich histories and nurture their curiosity and potential to be active history makers. Through rich and diverse educational experiences and programs, we hope to inspire lifelong learning and contribute to shaping an urban society that is inclusive, empathetic, and aware of its power to learn from and make history and influence positive change for future generations. In FY24, a set of key programming and learning guidelines was established to ensure departmental learning was in alignment with CHM's institutional mission, contemporary museum learning discourse, and the nuanced needs of the groups the department serves. These guidelines required programming to be learner-centered, culturally responsive, inquiry and civic-minded, and actively anti-racist; allowing audiences to see themselves in history and make meaningful connections to their lives and Chicago.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Donald Lassere
IRS990/Form990PartVIISectionAGrp/PersonNm1Cheryl Obermeyer
IRS990/Form990PartVIISectionAGrp/PersonNm2Thema McDonald
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm4Shatierra Parks
IRS990/Form990PartVIISectionAGrp/PersonNm5Maria Di Lorenzo
IRS990/Form990PartVIISectionAGrp/PersonNm6Ralph G Moore
IRS990/Form990PartVIISectionAGrp/PersonNm7Jennifer Kirk
IRS990/Form990PartVIISectionAGrp/PersonNm8Mark Potter
IRS990/Form990PartVIISectionAGrp/PersonNm9Jonathon Skinner
IRS990/Form990PartVIISectionAGrp/PersonNm10Arnaldo Rivera
IRS990/Form990PartVIISectionAGrp/PersonNm11Daniel S Jaffee
IRS990/Form990PartVIISectionAGrp/PersonNm12Dionne Danns
IRS990/Form990PartVIISectionAGrp/PersonNm13Gary S Feinerman
IRS990/Form990PartVIISectionAGrp/PersonNm14John N Low
IRS990/Form990PartVIISectionAGrp/PersonNm15David A Mordini
IRS990/Form990PartVIISectionAGrp/PersonNm16Elizabeth D Richter
IRS990/Form990PartVIISectionAGrp/PersonNm17T Bondurant French
IRS990/Form990PartVIISectionAGrp/PersonNm18Lafayette J Ford
IRS990/Form990PartVIISectionAGrp/PersonNm19Sallie L Gaines
IRS990/Form990PartVIISectionAGrp/PersonNm20Alejandra Garza
IRS990/Form990PartVIISectionAGrp/PersonNm21Timothy J Gilfoyle
IRS990/Form990PartVIISectionAGrp/PersonNm22Mary Lou Gorno
IRS990/Form990PartVIISectionAGrp/PersonNm23David D Hiller
IRS990/Form990PartVIISectionAGrp/PersonNm24Randye A Kogan
IRS990/Form990PartVIISectionAGrp/PersonNm25Robert C Lee
IRS990/Form990PartVIISectionAGrp/PersonNm26Joseph Seliga
IRS990/Form990PartVIISectionAGrp/PersonNm27Samuel J Tinaglia
IRS990/Form990PartVIISectionAGrp/PersonNm28Ali Velshi
IRS990/Form990PartVIISectionAGrp/PersonNm29Gail Ward
IRS990/Form990PartVIISectionAGrp/PersonNm30Monica M Weed
IRS990/Form990PartVIISectionAGrp/PersonNm31Robert R Yohanan
IRS990/Form990PartVIISectionAGrp/PersonNm32Tobin E Hopkins
IRS990/Form990PartVIISectionAGrp/PersonNm33James L Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm34David P Bolger
IRS990/Form990PartVIISectionAGrp/PersonNm35Paul Carlisle
IRS990/Form990PartVIISectionAGrp/PersonNm36Paul H Dykstra
IRS990/Form990PartVIISectionAGrp/PersonNm37Walter C Carlson
IRS990/Form990PartVIISectionAGrp/PersonNm38Guillermo Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm39Janice Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm40Lei Shen
IRS990/Form990PartVIISectionAGrp/PersonNm41Mark D Trembacki
IRS990/Form990PartVIISectionAGrp/PersonNm42Warren K Chapman
IRS990/Form990PartVIISectionAGrp/PersonNm43Michael Barzyk
IRS990/Form990PartVIISectionAGrp/PersonNm44Robert Manuel
IRS990/Form990PartVIISectionAGrp/PersonNm45Maggie M Morgan
IRS990/Form990PartVIISectionAGrp/PersonNm46J Michael Whitted
IRS990/Form990PartVIISectionAGrp/PersonNm47James P Duff
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0304302
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180

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