Civic Intelligence

Lizzadro Museum of Lapidary Arts

EIN 36-2487600 • 501(c)3 • Oak Brook, IL

Pub. 78 Eligible

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Profile

The lizzadro museum of lapidary arts primary exempt purpose is to operate a museum of art for the collection care study and exhibition of precious and non-precious gem ceramics and other objects of art and the education of the public with reference the museum's art collection which consists of gemstones diorama's jade carvings and various rock minerals and fossils.

1220 Kensington Road Ste 100Oak Brook, IL 60523-2113
Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.06x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

79th percentile

28%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

45%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$4,370,174

Up $455,174 (+12%) from 2023

Liabilities

Up

$52,694

Up $21,277 (+68%) from 2023

Net Assets

Up

$4,317,480

Up $433,897 (+11%) from 2023

Operations
Liabilities / Revenue48th percentileNet Margin79th percentile

Revenue

Up

$827,427

Up $257,043 (+45%) from 2023

Expenses

Down

$595,108

Down $40,563 (-6.4%) from 2023

Net Income

Up

$232,319

Up $297,606 (+456%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$6.0M$4.0M$2.0M$0Assets 2020: $3,702,467Liabilities 2020: $30,696Net Assets 2020: $3,671,7712020Assets 2021: $3,915,480Liabilities 2021: $29,849Net Assets 2021: $3,885,6312021Assets 2022: $4,008,677Liabilities 2022: $19,562Net Assets 2022: $3,989,1152022Assets 2023: $3,915,000Liabilities 2023: $31,417Net Assets 2023: $3,883,5832023Assets 2024: $4,370,174Liabilities 2024: $52,694Net Assets 2024: $4,317,4802024

Highlighted filing

2024

Assets$4,370,174
Liabilities$52,694
Net Assets$4,317,480
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

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

$1.0M$500K$0-$500KRevenue 2020: $652,625Expenses 2020: $370,147Net Income 2020: $282,4782020Revenue 2021: $652,000Expenses 2021: $498,185Net Income 2021: $153,8152021Revenue 2022: $698,520Expenses 2022: $515,472Net Income 2022: $183,0482022Revenue 2023: $570,384Expenses 2023: $635,671Net Income 2023: -$65,2872023Revenue 2024: $827,427Expenses 2024: $595,108Net Income 2024: $232,3192024

Highlighted filing

2024

Revenue$827,427
Expenses$595,108
Net Income$232,319
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,370,174
Liabilities
$52,694
Net assets
$4,317,480
Revenue
$827,427
Expenses
$595,108
Net income
$232,319
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.37$0.05$4.32$0.83$0.60$0.23
2023Detailed filing. Detailed filing data is available for this year.$3.92$0.03$3.88$0.57$0.64$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.01$0.02$3.99$0.70$0.52$0.18
2021Detailed filing. Detailed filing data is available for this year.$3.92$0.03$3.89$0.65$0.50$0.15
2020Detailed filing. Detailed filing data is available for this year.$3.70$0.03$3.67$0.65$0.37$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.1
Gross Receipts
$1,015,798
Mission and Program Overview

Mission

The lizzadro museum of lapidary arts primary exempt purpose is to operate a museum of art for the collection care study and exhibition of precious and non-precious gem ceramics and other objects of art and the education of the public with reference the museum's art collection which consists of gemstones diorama's jade carvings and various rock minerals and fossils.

The lizzadro museum of lapidary arts primary exempt purpose is to operate a museum of art for the collection, care, study, and exhibition of precious and non-precious gems, ceramics, and other objects of art, and the education of the public with reference the museum's art collection, which consists of gemstones, dioramas, jade carvings, and various rock, minerals, and fossil specimens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,190,650$2,114,426▼ $76,224
Investments Other Securities$1,141,765$1,598,763▲ $456,998
Investments in Publicly Traded Securities$139,021$242,448▲ $103,427
Inventories for Sale or Use$175,373$170,120▼ $5,253
Savings and Temporary Cash Investments$171,903$167,626▼ $4,277
Cash and Non-Interest-Bearing Accounts$87,352$75,938▼ $11,414
Prepaid Expenses and Deferred Charges$3,322$853▼ $2,469
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$3,915,000$4,370,174▲ $455,174
Other Assets Total$5,614$0▼ $5,614
Liabilities
Accounts Payable and Accrued Expenses$31,417$52,694▲ $21,277
Other Liabilities$0$0→ $0
Total Liabilities$31,417$52,694▲ $21,277
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,427,846$2,335,901▼ $91,945
Net Assets With Donor Restrictions$1,455,737$1,981,579▲ $525,842
Total Net Assets Fund Balance$3,883,583$4,317,480▲ $433,897
Total Liabilities and Net Assets / Fund Balance$3,915,000$4,370,174▲ $455,174

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,957,905$302,108$2,260,013
Other Land Buildings$156,221$356,744$512,965
Equipment$300$27,778$28,078
Other Securities$33,144--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$921,404$310,570▲ $171,904-$1,403,878
2023$158,295$825,951▼ $62,842-$921,404
2022$238,962$2,500▼ $83,167-$158,295
2021$68,144$158,993▲ $11,875$50$238,962
2020$55,673$5,000▲ $7,496$25$68,144
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
John S Lizzadro SrPresident and Director
Bonita HayDirector
Charles E AndersonDirector
Daniel Lizzadro-mcphersonDirector
Dorothy AsherDirector
Gina NicholasDirector
John NicholasDirector
Martin HareDirector
Nicole L KelleyDirector
Winona AsherDirector
Dr Kyle BrillExecutive Director
Louis L LizzadroTreasurer and Director
John S Lizzadro JrVice Pres and Director
Joseph F LizzadroSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$511,618
Program Service Revenue
$115,627
Investment Income
$36,521
Other Revenue
$163,661
All Other Contributions
$403,558
Change in Net Assets
$232,319

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Closely Held Stock2$310,570Market value
Total Noncash Contributions2$310,570-

Audited Revenue Reconciliation

Revenue per Audited Statements
$827,427
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$812,998
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,640,425
Total Revenue per Form 990
$827,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$509,180
Salaries, Compensation, and Employee Benefits$85,928
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$160,805$20,811-$181,616
Depreciation Depletion$76,224--$76,224
Other Salaries and Wages$75,435--$75,435
Advertising$48,032--$48,032
Occupancy$33,376$3,290-$36,666
Office Expenses$20,794$5,097-$25,891
All Other Expenses$5,819$6,631$0$12,450
Insurance$1,770$10,025-$11,795
Fees for Services Accounting$10,138$1,312-$11,450
Other Expenses$9,223$2,894-$9,223
Fees for Services Other$6,346$821$0$7,167
Payroll Taxes$6,228--$6,228
Pension Plan Contributions$3,881$384-$4,265
Fees for Services Legal$1,594$206-$1,800
Travel$1,414--$1,414
Total Functional Expenses$543,637$51,471$0$595,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,206,528
Expenses Not Reported on Form 990$611,420
Expenses per Audited Statements$595,108
Total Expenses per Form 990$595,108
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

“JOHN S. LIZZADRO SR., JOSEPH F. LIZZADRO, JOHN S. LIZZADRO JR., LOUIS L. LIZZADRO, JOHN NICHOLAS, GINA NICHOLAS, WINONA ASHER, AND DOROTHY ASHER - Family relationship”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The 990 is reviewed at the annual meeting of members in either may or november.”

Form 990, Part VI, Line 19 Required documents available to the public

“The organization make its governing documents conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lizzadro Museum of Lapidary Arts
EIN
36-2487600
Phone
6305717200
Address
1220 Kensington Road Ste 100, Oak Brook, IL 60523-2113

Signing Officer

Name
Louis L Lizzadro
Title
Treasurer
Phone
6305717200
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
10
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Nicole Fishback
Phone
6302829500
Supplemental Narrative

Financial Statement Notes

Schedule D, Part III, Line 1A Collections of art - financial statement footnote

“Collections of works of art, historical treasures and similar assets are not capitalized in as much as the items are preserved and cared for continuously. Purchases of collection items are reported in the year of acquisition as decreases in net assets without donor restrictions or in net assets with donor restrictions if the assets used to purchase the items were restricted to that use by donor stipulation. Contributions of collection items are not reported in the financial statements. Proceeds from disposal of and insurance recoveries related to collection items are reported as increases in the appropriate net asset classes. The Museum's art collection consists of gemstones, diorama's, jade carvings and various rocks, minerals and fossils. During the year ended December 31, 2023, no works of art were sold. The Museum's organizational policy requires the use of proceeds from items that are sold from the art collection to be used for the acquisition of new art collection items or to provide direct care and maintaining of the existing collection.”

Schedule D, Part III, Line 4 Collections of art - description of collections

“The principal purpose of the lizzadro museum of lapidary art museum is the public display and dissemination of information regarding the field of lapidary arts. The museum's art collection consists of femstones diorama's jade carvings and various rocks minerals and fossils.”

Schedule D, Part V, Line 4 Intended uses of endowment funds

“The "Endowment Fund" is currently unrestricted and would be used at the discretion of the Board of Directors.”

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The Museum is exempt from federal income taxes under Section 509(a)(2) of the Internal Revenue Code. The primary purpose of the gift shop facility is consistent with the underlying exempt purpose of the Museum and, thus, is characterized as related business income under Section 513 of the Internal Revenue Code. The Museum recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination.”

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

“GIFT SHOP COGS - 95061”

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

“GIFT SHOP COGS - 95061”

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IRS990/Desc0THE PROMOTION OF THE LAPIDARY ART THROUGH SPECIAL PROGRAMS ON THE HISTORY AND MAKEUP OF THE MUSEUM. OVER 34,423 CHILDREN AND ADULTS VISITED THE MUSEUM THIS YEAR ON SITE OR THROUGH EXTERNAL OR VIRTUAL PROGRAMMING. EVERY WEDNESDAY IS FREE ADMISSION. THE MUSEUM COLLABORATES WITH COMMUNITY ORGANIZATIONS TO PROVIDE CULTURAL AND EDUCATIONAL PROGRAMS FOR THE PUBLIC. THE MUSEUM DISPLAYED 3 TEMPORARY SPECIAL EXHIBITS: THE FIRST: THE ARTFUL SOUL OF FAUST WHICH EXHIBITED FOURTEEN LARGE CAMEOS DEPICTING THE STORY OF FAUST FROM GERMANY ENDED JANUARY 7, 2024. THE RICHARD H. DRIEHAUS LAPIDARY COLLECTION FEATURING A VARIETY OF STONE OBJECTS FROM AROUND THE WORLD AND 2 19TH CENTURY ROMAN MICROMOSAICS FROM FEBRUARY 1 TO SEPTEMBER 29, 2024. SYNERGY AND SYMBIOSIS FEATURED 12 COLLABORATIVE JEWELRY CREATIONS BY PAULA CREVOSHAY AND GLENN LEHRER FROM NOVEMBER 2, 2024 TO APRIL 27, 2025.
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IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN S LIZZADRO JR
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN S LIZZADRO SR
IRS990/Form990PartVIISectionAGrp/PersonNm2LOUIS L LIZZADRO
IRS990/Form990PartVIISectionAGrp/PersonNm3BONITA HAY
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES E ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL LIZZADRO-MCPHERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6DOROTHY ASHER
IRS990/Form990PartVIISectionAGrp/PersonNm7GINA NICHOLAS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN NICHOLAS
IRS990/Form990PartVIISectionAGrp/PersonNm9MARTIN HARE
IRS990/Form990PartVIISectionAGrp/PersonNm10NICOLE L KELLEY
IRS990/Form990PartVIISectionAGrp/PersonNm11WINONA ASHER
IRS990/Form990PartVIISectionAGrp/PersonNm12Dr Kyle Brill
IRS990/Form990PartVIISectionAGrp/PersonNm13JOSEPH F LIZZADRO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRES AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
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IRS990/MissionDesc0THE LIZZADRO MUSEUM OF LAPIDARY ART'S PRIMARY EXEMPT PURPOSE IS TO OPERATE A MUSEUM OF ART FOR THE COLLECTION, CARE, STUDY, AND EXHIBITION OF PRECIOUS AND NON-PRECIOUS GEMS, CERAMICS, AND OTHER OBJECTS OF ART, AND THE EDUCATION OF THE PUBLIC WITH REFERENCE TO THE MUSEUM'S ART COLLECTION, WHICH CONSISTS OF GEMSTONES, DIORAMAS, JADE CARVINGS, AND VARIOUS ROCK, MINERAL, AND FOSSIL SPECIMENS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE MUSEUM STAFF OPERATES A GIFT SHOP AT THE MUSEUM'S FACILITY, WHICH AFFORDS VISITORS THE OPPORTUNITY TO PURCHASE BOOKS, LITERATURE, AND LAPIDARY REPLICAS. THE GIFT SHOP'S INVENTORY OF LAPIDARY SPECIMENS CONSISTS PRIMARILY OF LOW-PRICED ITEMS WHICH ARE REPRESENTATIVE FACSIMILES OF THE LAPIDARY AND RELATED ART OBJECTS DISPLAYED AT THE MUSEUM. THE PRIMARY PURPOSE OF THE GIFT SHOP FACILITY IS CONSISTENT WITH THE UNDERLYING EXEMPT PURPOSE OF THE MUSEUM AND THUS IS CHARACTERIZED AS RELATED BUSINESS INCOME FOR PURPOSES OF THE MUSEUM'S REPORTING REQUIREMENTS. SEE SECTION 513 OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED, AND THE REGULATIONS PROMULGATED THEREUNDER.
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IRS990/ProgSrvcAccomActy3Grp/Desc0TOURS AND EDUCATIONAL PROGRAMS: THE MUSEUM HELD 48 ONSITE WEEKEND PROGRAMS ON EDUCATIONAL SUBJECTS RELATED TO ROCKS AND MINERALS, AS WELL AS LIVE COMMUNITY MUSIC PROGRAMS. LECTURES AND ACTIVITIES PERTAINING TO THE CHINESE COLLECTION AND EARTH SCIENCE PROGRAMS ARE USUALLY RECORDED AND POSTED TO OUR WEBSITE'S YOUTUBE CHANNEL, GENERATING ADDITIONAL VIEWS.
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