Civic Intelligence

The Antiquarian Society

EIN 36-6076068 • 501(c)3 • Kenilworth, IL

Profile

To acquire, preserve, and exhibit articles of antiquity pertaining to art, to distribute such items or funds for the purchase thereof to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code, and to expand the public interest and knowledge regarding such objects through exhibitions, lectures, and educational programs.

PO Box 344Kenilworth, IL 60043

antiquariansociety.org

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

83rd percentile

35%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

4.8%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$5,140,169

Up $567,845 (+12%) from 2023

Liabilities

Down

$5,545

Down $27,841 (-83%) from 2023

Net Assets

Up

$5,134,624

Up $595,686 (+13%) from 2023

Operations
Liabilities / Revenue15th percentileNet Margin83rd percentile

Revenue

Up

$655,977

Up $29,873 (+4.8%) from 2023

Expenses

Up

$426,198

Up $234,907 (+123%) from 2023

Net Income

Down

$229,779

Down $205,034 (-47%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$6.0M$4.0M$2.0M$0Assets 2018: $3,496,927Liabilities 2018: $780,508Net Assets 2018: $2,716,4192018Assets 2020: $4,635,450Liabilities 2020: $320,694Net Assets 2020: $4,314,7562020Assets 2021: $5,346,191Liabilities 2021: $491,307Net Assets 2021: $4,854,8842021Assets 2022: $4,581,921Liabilities 2022: $237,649Net Assets 2022: $4,344,2722022Assets 2023: $4,572,324Liabilities 2023: $33,386Net Assets 2023: $4,538,9382023Assets 2024: $5,140,169Liabilities 2024: $5,545Net Assets 2024: $5,134,6242024

Highlighted filing

2024

Assets$5,140,169
Liabilities$5,545
Net Assets$5,134,624
Open 2024 Filing

Operations Trend

Revenue Growth45th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2018: $462,900Expenses 2018: $1,045,347Net Income 2018: -$582,4472018Revenue 2020: $788,336Expenses 2020: $147,743Net Income 2020: $640,5932020Revenue 2021: $611,870Expenses 2021: $590,565Net Income 2021: $21,3052021Revenue 2022: $532,833Expenses 2022: $128,389Net Income 2022: $404,4442022Revenue 2023: $626,104Expenses 2023: $191,291Net Income 2023: $434,8132023Revenue 2024: $655,977Expenses 2024: $426,198Net Income 2024: $229,7792024

Highlighted filing

2024

Revenue$655,977
Expenses$426,198
Net Income$229,779
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$5,140,169
Liabilities
$5,545
Net assets
$5,134,624
Revenue
$655,977
Expenses
$426,198
Net income
$229,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.14$0.01$5.13$0.66$0.43$0.23
2023Detailed filing. Detailed filing data is available for this year.$4.57$0.03$4.54$0.63$0.19$0.43
2022Detailed filing. Detailed filing data is available for this year.$4.58$0.24$4.34$0.53$0.13$0.40
2021Detailed filing. Detailed filing data is available for this year.$5.35$0.49$4.85$0.61$0.59$0.02
2020Detailed filing. Detailed filing data is available for this year.$4.64$0.32$4.31$0.79$0.15$0.64
2018Detailed filing. Detailed filing data is available for this year.$3.50$0.78$2.72$0.46$1.05$0.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 12, 2025
Return Version
2023v6.0
Gross Receipts
$1,377,756
Mission and Program Overview

Mission

To acquire, preserve, and exhibit articles of antiquity pertaining to art, to distribute such items or funds for the purchase thereof to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code, and to expand the public interest and knowledge regarding such objects through exhibitions, lectures, and educational programs.

To foster and promote charitable, educational, literary, and research activities in the decorative arts, and to make gifts to charitable organizations that preserve and promote the appreciation of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,471,105$5,024,295▲ $553,190
Cash and Non-Interest-Bearing Accounts$68,851$103,109▲ $34,258
Prepaid Expenses and Deferred Charges$17,157--
Total Assets$4,572,324$5,140,169▲ $567,845
Other Assets Total$15,211$12,765▼ $2,446
Liabilities
Accounts Payable and Accrued Expenses-$4,003-
Deferred Revenue$33,386$1,542▼ $31,844
Total Liabilities$33,386$5,545▼ $27,841
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,648,200$4,185,341▲ $537,141
Net Assets With Donor Restrictions$890,738$949,283▲ $58,545
Total Net Assets Fund Balance$4,538,938$5,134,624▲ $595,686
Total Liabilities and Net Assets / Fund Balance$4,572,324$5,140,169▲ $567,845
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Mrs William Adams IvPresident
Ms Whitney TempletonVice President
Mr Daniel BenderDirector
Mr Victor Elting IiiDirector
Mrs Allen T ShortDirector
Mrs Bruce L KoepfgenDirector
Mrs David C HilliardDirector
Mrs Grant G Mccullagh SrDirector
Mrs Harold MarshallDirector
Mrs James E MorrisDirector
Mrs James T Glerum JrDirector
Mrs John S Swift IiiDirector
Mrs John a BrossDirector
Mrs Michael E GordonDirector
Mrs Philip W HummerDirector
Mrs Richard SpainDirector
Mrs Robert W Jackson IvDirector
Mrs Robert ZentnerDirector
Mrs W Bruce JohnsonDirector
Ms Victoria FrankDirector
Mrs John C ChapmanAsst. Secretary
Mrs Dwight M ClevelandAsst. Treasurer
Ms Sandra H SweetSecretary
Ms Elizabeth S ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$251,728
Program Service Revenue
$124,692
Investment Income
$279,557
Other Revenue
$0
All Other Contributions
$203,253
Change in Net Assets
$229,779

Audited Revenue Reconciliation

Revenue per Audited Statements
$630,005
Revenue Not Reported on Financial Statements
$25,972
Revenue Not Reported on Form 990
$365,907
Total Revenue per Audited Statements
$995,912
Total Revenue per Form 990
$655,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,398
Grants and Similar Amounts Paid$177,800
Total Fundraising Expense$9,831
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$177,800--$177,800
Conferences and Meetings$131,216--$131,216
Fees for Services Other$42,052$9,011$9,011$60,074
Fees for Service Investment Mgmnt Fees-$25,972-$25,972
Fees for Services Accounting-$11,653-$11,653
Insurance-$3,023-$3,023
Office Expenses$38$2,088$720$2,846
Information Technology-$2,262$100$2,362
Other Expenses$960$960-$1,920
Total Functional Expenses$361,398$54,969$9,831$426,198

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$426,198
Expenses per Audited Statements$400,226
Total Expenses per Audited Statements$400,226
Expenses Not Reported on Financial Statements$25,972
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Art Institute of Chicago-501(c)(3)To Support the Purchase of the Tambour Desk and Bookcase.$177,800
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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

“The financial statements, accountants' report, if applicable, and form 990 are reviewed by the executive committee.”

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

“The society monitors compliance with the conflict of interest policy by requiring officers and directors to disclose potential conflicts annually. If any potential conflict exists, it would be examined and appropriate action would be taken.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Antiquarian Society
EIN
36-6076068
Phone
3124433641
Address
PO BOX 344, KENILWORTH, IL 60043

Signing Officer

Name
Mrs William Adams Iv
Title
President
Phone
3124433641
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mrs William Adams Iv
Formed
1877
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
308

Preparer

Firm
Wsdd Cpas Ltd
Address
303 W MADISON ST SUITE 2075, CHICAGO, IL 60606-3395
Preparer
WILLIAM J O'HARA
Phone
3123326622
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Administrative services: program service expenses 42052. Management and general expenses 9011. Fundraising expenses 9011. Total expenses 60074.”

Financial Statement Notes

PART X, LINE 2:

“The society is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, there is no provision for income taxes in the financial statements. Management believes that the society continues to qualify and to operate as designated. Accounting standards provide guidance for how certain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the society's information returns to determine whether the tax position is "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit and asset or expense and liability in the current year. The society files information returns in the u.s. Federal jurisdiction and illinois state jurisdiction. The society is no longer subject to u.s. Federal and state examinations by tax authorities for years before 2021. As of and for the year ended july 31, 2024, management has determined that there are no uncertain tax positions.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST. TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/PrincipalOfficerNm0MRS WILLIAM ADAMS IV
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE SOCIETY MADE A DONATION TO A SPECIFIC DEPARTMENT WITHIN THE ART INSTITUTE OF CHICAGO TO SUPPORT THE PURCHASE OF THE TAMBOUR DESK AND BOOKCASE.
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