Civic Intelligence

Glessner House Museum

990 • Fiscal year 2021 • EIN 36-3985457

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 26, 2022

1800 S Prairie AveChicago, IL 60616

(312) 326-1480

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.06x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

60th percentile

$79,506

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

80th percentile

33%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

83%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,096,943

Up $525,878 (+33%) from 2020

Net Assets

Up

$1,973,292

Up $506,013 (+34%) from 2020

Liabilities

Up

$123,651

Up $19,865 (+19%) from 2020

Revenue

Up

$880,613

Up $398,205 (+83%) from 2020

Expenses

Down

$547,303

Down $25,893 (-4.5%) from 2020

Net Income

Up

$333,310

Up $424,098 (+467%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2017: $1,093,595Liabilities 2017: $89,461Net Assets 2017: $1,004,1342017Assets 2018: $1,735,532Liabilities 2018: $48,229Net Assets 2018: $1,687,3032018Assets 2019: $1,639,041Liabilities 2019: $81,299Net Assets 2019: $1,557,7422019Assets 2020: $1,571,065Liabilities 2020: $103,786Net Assets 2020: $1,467,2792020Assets 2021: $2,096,943Liabilities 2021: $123,651Net Assets 2021: $1,973,2922021Assets 2022: $2,150,575Liabilities 2022: $56,838Net Assets 2022: $2,093,7372022Assets 2023: $2,450,423Liabilities 2023: $36,707Net Assets 2023: $2,413,7162023Assets 2024: $2,708,530Liabilities 2024: $55,302Net Assets 2024: $2,653,2282024

Highlighted filing

2021

Assets$2,096,943
Liabilities$123,651
Net Assets$1,973,292

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2017: $611,532Expenses 2017: $386,964Net Income 2017: $224,5682017Revenue 2018: $1,141,423Expenses 2018: $500,230Net Income 2018: $641,1932018Revenue 2019: $461,998Expenses 2019: $602,035Net Income 2019: -$140,0372019Revenue 2020: $482,408Expenses 2020: $573,196Net Income 2020: -$90,7882020Revenue 2021: $880,613Expenses 2021: $547,303Net Income 2021: $333,3102021Revenue 2022: $828,851Expenses 2022: $556,791Net Income 2022: $272,0602022Revenue 2023: $763,996Expenses 2023: $552,622Net Income 2023: $211,3742023Revenue 2024: $860,118Expenses 2024: $750,437Net Income 2024: $109,6812024

Highlighted filing

2021

Revenue$880,613
Expenses$547,303
Net Income$333,310
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 26, 2022
Return Version
2020v4.1
Gross Receipts
$885,860
Mission and Program Overview

Mission

To spark excitment in architecture, history, and design through a dynamic exploration of glessner house, its family, and its preservation.

To spark excitement in architecture, history, and design through a dynamic exploration of glessner house, its family, and its preservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$510,826$513,898▲ $3,072
Cash and Non-Interest-Bearing Accounts$412,649$432,383▲ $19,734
Accounts Receivable$1,511$304,296▲ $302,785
Land, Buildings, and Equipment, Net$79,560$127,565▲ $48,005
Prepaid Expenses and Deferred Charges$16,997$19,215▲ $2,218
Inventories for Sale or Use$19,407$18,399▼ $1,008
Total Assets$1,571,065$2,096,943▲ $525,878
Other Assets Total$530,115$681,187▲ $151,072
Liabilities
Other Liabilities$58,955$70,050▲ $11,095
Deferred Revenue$34,632$44,021▲ $9,389
Accounts Payable and Accrued Expenses$10,199$9,580▼ $619
Total Liabilities$103,786$123,651▲ $19,865
Net Assets / Fund Balance
Net Assets With Donor Restrictions$668,216$1,081,290▲ $413,074
Net Assets Without Donor Restrictions$799,063$892,002▲ $92,939
Total Net Assets Fund Balance$1,467,279$1,973,292▲ $506,013
Total Liabilities and Net Assets / Fund Balance$1,571,065$2,096,943▲ $525,878

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$127,565$29,314$156,879
Other Assets Org$141,366--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William TyreExecutive DirectorFT$79,506$79,506

Board Members and Trustees

NameTitle
Tori SimmsPresident
Deb CareyVice President
Barry SearsDirector
David MartlandDirector
David NearyDirector
Gwen Sommers YantDirector
Lisa KoenigsbergDirector
Lisa TemkinDirector
Nina Botting HerbstDirector
Randy BuescherDirector
Sarah HatfieldDirector
Tony TangoraDirector
Anne Hill Bird(ex-officio)
Debra Frels(ex-officio)
Hallie Rosen(ex-officio)
John Waters(ex-officio)
Lisa Dichiera(ex-officio)
Rosemary Garrett(ex-officio)
Mary WooleverSecretary
Andrew EldersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$811,555
Program Service Revenue
$39,431
Investment Income
$3,591
Other Revenue
$26,036
All Other Contributions
$743,482
Change in Net Assets
$333,310

Audited Revenue Reconciliation

Revenue per Audited Statements
$880,613
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$175,702
Total Revenue per Audited Statements
$1,056,315
Total Revenue per Form 990
$880,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$296,613
Salaries, Compensation, and Employee Benefits$250,690
Total Fundraising Expense$58,277
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,595$43,175$26,230$112,000
Current Officers, Directors, Trustees, and Key Employees$39,753$23,852$15,901$79,506
Other Employee Benefits$18,433$15,003$9,431$42,867
Occupancy$33,304--$33,304
Office Expenses$7,230$11,171$2,789$21,190
Payroll Taxes$7,016$5,711$3,590$16,317
Fees for Services Accounting-$12,950-$12,950
Advertising$10,793--$10,793
Insurance$3,235$2,302-$5,537
Information Technology$4,374--$4,374
Fees for Services Other$2,958$1,392-$4,350
Depreciation Depletion$1,995--$1,995
Conferences and Meetings$1,588--$1,588
Other Expenses$1,565$2,249$336$1,565
Travel$549$176-$725
Total Functional Expenses$370,690$118,336$58,277$547,303

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$550,302
Expenses per Audited Statements$547,303
Total Expenses per Form 990$547,303
Expenses Not Reported on Form 990$2,999
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,707
Fundraising Gross Income$3,707
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Virtual Wine Tasting$5,948---
Moving Architecture Lecture Series$944---
Total Events$17,705$3,707$3,707$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$49,295
Fiduciary Agent Liability$11,105
Security Deposits$9,650
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
No
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

A copy of form 990 is made available to the board of directors prior to its filing.

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

Directors, officers, and others who influence the actions of glessner house museum are covered under the policy. Conflict of interest may be defined as an interest, direct or indirect with any persons or firms involved with glessner house mesuem. Transactions with parties with whom a conflicting interest exists may be undertaken only if the conflicting interest is fully disclosed, the person with the conflict of interest is excluded from the discussion and approval of such transaction, a competitive bid or comparable valuation exists and the board or a duly constituted committee thereof has determined that the transaction is in the best interest of the organization.

Form 990, Part VI, Section B, Line 15A

Executive committee sets salary and then makes recommendation to full board. The executive director declined any salary increase for fy 21 or fy 22.

Form 990, Part VI, Section C, Line 19

Upon appointment, the governing documents, conflict of interest policy and the financial statements can be reviewed on site or by a request in writing, the infomation will be distributed accordingly.

Filing and Contact Details

Filer

Filer Name
Glessner House Museum
EIN
36-3985457
Phone
3123261480
Address
1800 S PRAIRIE AVE, CHICAGO, IL 60616

Signing Officer

Name
Tori Simms
Title
President
Phone
3123261480
Signed
2022-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tori Simms
Formed
1994
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
5
Volunteers
50

Preparer

Firm
Sassetti LLC
Address
2107 SWIFT DRIVE SUITE 210, OAK BROOK, IL 60523
Preparer
Jeff Schroeder
Phone
7083861433
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in beneficial interest value 172,703.

Form 990, Part XII, Line 2C

The audit oversight process has not changed from the prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Increase in beneficial interest value cct general fund 172,703.

PART III, LINE 1A:

The collections, which were acquired through purchases and contributions since the museum's inception, are not recognized as assets on the statements of financial position.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18(EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
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IRS990/GrantsToOrganizationsInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0488998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02904266

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