Civic Intelligence

Freeport Arts Center

990 • Fiscal year 2017 • EIN 51-0189249

Sep 01, 2016 to Aug 31, 2017 • Filed on Jan 22, 2018

Organization Profilewww.freeportartmuseum.com
121 N HarlemFreeport, IL 61032

(815) 235-9755

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

63rd percentile

8.4%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

44th percentile

$47,500

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 20.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

53rd percentile

4.1%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

39%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$1,300,619

Up $51,651 (+4.1%) from 2016

Net Assets

Up

$1,260,621

Up $57,136 (+4.7%) from 2016

Liabilities

Down

$39,998

Down $5,485 (-12%) from 2016

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin63rd percentile

Revenue

Up

$233,575

Up $65,734 (+39%) from 2016

Expenses

Up

$213,849

Up $9,225 (+4.5%) from 2016

Net Income

Up

$19,726

Up $56,509 (+154%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,226,491Liabilities 2011: $7,269Net Assets 2011: $1,219,2222011Assets 2012: $1,261,727Liabilities 2012: $59,023Net Assets 2012: $1,202,7042012Assets 2013: $1,268,298Liabilities 2013: $57,848Net Assets 2013: $1,210,4502013Assets 2014: $1,347,274Liabilities 2014: $45,869Net Assets 2014: $1,301,4052014Assets 2015: $1,264,244Liabilities 2015: $57,310Net Assets 2015: $1,206,9342015Assets 2016: $1,248,968Liabilities 2016: $45,483Net Assets 2016: $1,203,4852016Assets 2017: $1,300,619Liabilities 2017: $39,998Net Assets 2017: $1,260,6212017Assets 2018: $1,822,638Liabilities 2018: $25,399Net Assets 2018: $1,797,2392018Assets 2019: $1,873,182Liabilities 2019: $24,808Net Assets 2019: $1,848,3742019Assets 2020: $1,549,553Liabilities 2020: $48,295Net Assets 2020: $1,501,2582020Assets 2021: $1,770,629Liabilities 2021: $22,622Net Assets 2021: $1,748,0072021Assets 2022: $2,364,879Liabilities 2022: $153,952Net Assets 2022: $2,210,9272022Assets 2023: $2,523,739Liabilities 2023: $67,739Net Assets 2023: $2,456,0002023Assets 2024: $3,309,255Liabilities 2024: $0Net Assets 2024: $3,309,2552024Assets 2025: $4,072,750Liabilities 2025: $0Net Assets 2025: $4,072,7502025

Highlighted filing

2017

Assets$1,300,619
Liabilities$39,998
Net Assets$1,260,621
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $225,8872011Expenses 2012: $219,6062012Expenses 2013: $209,5062013Revenue 2014: $228,481Expenses 2014: $212,810Net Income 2014: $15,6712014Revenue 2015: $171,453Expenses 2015: $210,016Net Income 2015: -$38,5632015Revenue 2016: $167,841Expenses 2016: $204,624Net Income 2016: -$36,7832016Revenue 2017: $233,575Expenses 2017: $213,849Net Income 2017: $19,7262017Revenue 2018: $705,240Expenses 2018: $211,405Net Income 2018: $493,8352018Revenue 2019: $274,972Expenses 2019: $235,312Net Income 2019: $39,6602019Revenue 2020: $281,275Expenses 2020: $637,829Net Income 2020: -$356,5542020Revenue 2021: $343,033Expenses 2021: $220,130Net Income 2021: $122,9032021Revenue 2022: $373,733Expenses 2022: $359,625Net Income 2022: $14,1082022Revenue 2023: $619,090Expenses 2023: $366,182Net Income 2023: $252,9082023Revenue 2024: $1,082,372Expenses 2024: $353,316Net Income 2024: $729,0562024Revenue 2025: $1,065,770Expenses 2025: $360,907Net Income 2025: $704,8632025

Highlighted filing

2017

Revenue$233,575
Expenses$213,849
Net Income$19,726
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jan 22, 2018
Return Version
2016v3.0
Gross Receipts
$252,546
Mission and Program Overview

Mission

The freeport art museum creates experiences that spark imagination and engagement in the arts for all people by presenting exhibitions and cultural events, advancing arts education, and excelling in collection stewardship.

To enhance and promote the historical and cultural education of the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$818,347$861,742▲ $43,395
Land, Buildings, and Equipment, Net$421,474$418,021▼ $3,453
Cash and Non-Interest-Bearing Accounts$9,147$20,856▲ $11,709
Total Assets$1,248,968$1,300,619▲ $51,651
Liabilities
Unsecured Notes Loans Payable$40,000$35,000▼ $5,000
Accounts Payable and Accrued Expenses$5,483$4,998▼ $485
Total Liabilities$45,483$39,998▼ $5,485
Net Assets / Fund Balance
Unrestricted Net Assets$896,505$945,089▲ $48,584
Permanently Rstr Net Assets$306,946$315,532▲ $8,586
Temporarily Rstr Net Assets$34$0▼ $34
Total Net Assets Fund Balance$1,203,485$1,260,621▲ $57,136
Total Liabilities and Net Assets / Fund Balance$1,248,968$1,300,619▲ $51,651

Asset Categories

AssetBook ValueDepreciationBasis
Land$399,000--
Equipment$2,466$96,215-
Leasehold Improvements$16,555$269,819-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$817,251-▲ $40,251$9,010$848,492
2015$829,166-▲ $24,565$36,480$817,251
2014$906,497$1▼ $26,365$-50,967$829,166
2013$820,075-▲ $121,444$35,022$906,497
2012$785,886-▲ $77,596$43,407$820,075
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica ModicaExecutive DirectorFT$47,500$47,500

Board Members and Trustees

NameTitle
Adam SchulzPresident
Marsha BlockVice PRESIDENT
Heather McphersonVICE PRESIDENT - Resigned
Ellen BartelsDirector
Gwen CrowDirecTOR
Kelsey RosensteildIRECTOR
Neal TrainorDirector
Pat Garrett GitzDirector
Judy BuusDIRECTOR - Retired
Marilyn SmitDIRECTOR - Retired
Pat Leitzen-fyeDIRECTOR - Retired
Carole DickersonSecreTARY
dEBRA DIGVONNISecretary - Resigned
Mike ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$106,309
Program Service Revenue
$44,825
Investment Income
$52,538
Other Revenue
$29,903
All Other Contributions
$60,619
Change in Net Assets
$19,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$133,413
Other Expenses$76,642
Grants and Similar Amounts Paid$3,794
Total Fundraising Expense$686
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$34,512$28,000-$62,512
Current Officers, Directors, Trustees, and Key Employees$9,500$38,000-$47,500
Occupancy$28,542--$28,542
Payroll Taxes$9,396$6,790-$16,186
Other Employee Benefits-$7,215-$7,215
Fees for Service Investment Mgmnt Fees-$5,934-$5,934
Grants to Domestic Orgs$3,794--$3,794
Depreciation Depletion$3,453--$3,453
Fees for Services Management-$2,737-$2,737
Fees for Services Accounting-$2,625-$2,625
Office Expenses-$1,734$686$2,420
Advertising$1,344$742-$2,086
Insurance-$1,810-$1,810
Other Expenses$1,364$177-$1,541
All Other Expenses-$389-$389
Conferences and Meetings$141--$141
Total Functional Expenses$113,867$99,296$686$213,849
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,616
Fundraising Direct Expenses$17,988
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$25,720$25,720$14,295$11,425
Wine, Cheese & Chocolate$8,590$8,590$2,917$5,673
Total Events$39,616$39,616$17,988$21,628
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The organization has a total of 12 voting members of the governing body.”

Form 990, Part VI, Section A, line 7A

“Positions are elected each year by Board members”

Form 990, Part VI, Section A, line 7B

“Financial statements are reviewed and approved by the Board each year.”

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

“The Form 990 is reviewed by the President and Treasurer of the Board of Directors.”

Form 990, Part VI, Section C, line 18

“The Form 990 is available to the public as a result of a written request.”

Form 990, Part VI, Section C, line 19

“A member of the public may request a copy of a specific policy or financials of the Art Center. A request for a copy of the policy will be reviewed by the Executive Committee and responded to according to their direction.”

Filing and Contact Details

Filer

Filer Name
Freeport Arts Center
EIN
51-0189249
Phone
8152359755
Address
121 N Harlem, Freeport, IL 61032

Signing Officer

Name
Jessica Modica
Title
Executive Director
Phone
8152359755
Signed
2018-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Modica
Formed
1975
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Wipfli LLP
Address
4949 Harrison Avenue Suite 300, Rockford, IL 61125-0407
Preparer
Jerry R Funk
Phone
8153997700
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A:

“Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Proceeds from de-accessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.”

Part X, Line 2:

“The Organization accounts for income taxes in accordance with Financial Accounting Standards Board Accounting for Uncertainty in Income Taxes. The standard provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise's financial statements and requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The Organization has determined there are no amounts to record as assets or liabilities related to uncertain tax positions. The Organization believes it is no longer subject to income tax examinations for years prior to 2014.”

Raw XML AppendixShowing 400 of 511 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/BOYAmt05483
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04998
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ENHANCE AND PROMOTE THE HISTORICAL AND CULTURAL EDUCATION OF THE COMMUNITY
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0742
IRS990/AdvertisingGrp/ProgramServicesAmt01344
IRS990/AdvertisingGrp/TotalAmt02086
IRS990/AllOtherContributionsAmt060619
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0389
IRS990/AllOtherExpensesGrp/TotalAmt0389
IRS990/BooksInCareOfDetail/PersonNm0Jessica Modica
IRS990/BooksInCareOfDetail/PhoneNum08152359755
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0121 N Harlem
IRS990/BooksInCareOfDetail/USAddress/CityNm0Freeport
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd061032
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt09147
IRS990/CashNonInterestBearingGrp/EOYAmt020856
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd01
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt038000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt09500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt047500
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt028000
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt034512
IRS990/CompDisqualPersonsGrp/TotalAmt062512
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0141
IRS990/ConferencesMeetingsGrp/TotalAmt0141
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt0983
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0106309
IRS990/CYGrantsAndSimilarPaidAmt03794
IRS990/CYInvestmentIncomeAmt052538
IRS990/CYOtherExpensesAmt076642
IRS990/CYOtherRevenueAmt029903
IRS990/CYProgramServiceRevenueAmt044825
IRS990/CYRevenuesLessExpensesAmt019726
IRS990/CYSalariesCompEmpBnftPaidAmt0133413
IRS990/CYTotalExpensesAmt0213849
IRS990/CYTotalFundraisingExpenseAmt0686
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0233575
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03453
IRS990/DepreciationDepletionGrp/TotalAmt03453
IRS990/Desc0ART MUSEUM-VISITORS TO EXHIBITS AND COLLECTIONS INCLUDING OFF-SITE ACTIVITIES. MUSEUM ALSO PROVIDES CLASSES FOR ADULTS AND CHILDREN IN THE VISUAL AND PERFORMING ARTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0113867
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02625
IRS990/FeesForServicesAccountingGrp/TotalAmt02625
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02737
IRS990/FeesForServicesManagementGrp/TotalAmt02737
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt05934
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt05934
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM SCHULZ
IRS990/Form990PartVIISectionAGrp/PersonNm1MARSHA BLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROLE DICKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ELLEN BARTELS
IRS990/Form990PartVIISectionAGrp/PersonNm5Gwen Crow
IRS990/Form990PartVIISectionAGrp/PersonNm6PAT GARRETT GITZ
IRS990/Form990PartVIISectionAGrp/PersonNm7JESSICA MODICA
IRS990/Form990PartVIISectionAGrp/PersonNm8Kelsey Rosensteil
IRS990/Form990PartVIISectionAGrp/PersonNm9NEAL TRAINOR
IRS990/Form990PartVIISectionAGrp/PersonNm10dEBRA DIGVONNI
IRS990/Form990PartVIISectionAGrp/PersonNm11HEATHER MCPHERSON
IRS990/Form990PartVIISectionAGrp/PersonNm12JUDY BUUS
IRS990/Form990PartVIISectionAGrp/PersonNm13PAT LEITZEN-FYE
IRS990/Form990PartVIISectionAGrp/PersonNm14MARILYN SMIT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt747500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SecreTARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DirecTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8dIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY - RESIGNED
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT - Resigned
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR - Retired
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR - Retired
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR - Retired
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt017988
IRS990/FundraisingGrossIncomeAmt039616
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt03794
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03794
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03794
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0252546
IRS990/GrossRentsGrp/RealAmt08133
IRS990/GrossSalesOfInventoryAmt01125
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01810
IRS990/InsuranceGrp/TotalAmt01810
IRS990/InvestmentIncomeGrp/ExclusionAmt052538
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052538
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0366034
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0421474
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0418021
IRS990/LandBldgEquipCostOrOtherBssAmt0784055
IRS990/LegalDomicileStateCd0IL
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt045690
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE AN UNDERSTANDING OF ART AND CULTURE THROUGH OUR COLLECTIONS, EXHIBITION, AND EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01203485
IRS990/NetAssetsOrFundBalancesEOYAmt01260621
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt021628
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt021628
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0142
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0142
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08133
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08133
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt037410
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt028542
IRS990/OccupancyGrp/TotalAmt028542
IRS990/OfficeExpensesGrp/FundraisingAmt0686
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01734
IRS990/OfficeExpensesGrp/TotalAmt02420
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07215
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07215
IRS990/OtherExpensesGrp/Desc0EDUCATION AND OUTREACH
IRS990/OtherExpensesGrp/Desc1EXHIBITIONS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1177
IRS990/OtherExpensesGrp/ProgramServicesAmt013103
IRS990/OtherExpensesGrp/ProgramServicesAmt18718
IRS990/OtherExpensesGrp/ProgramServicesAmt21364
IRS990/OtherExpensesGrp/TotalAmt013103
IRS990/OtherExpensesGrp/TotalAmt18718
IRS990/OtherExpensesGrp/TotalAmt23143
IRS990/OtherExpensesGrp/TotalAmt31541
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06790
IRS990/PayrollTaxesGrp/ProgramServicesAmt09396
IRS990/PayrollTaxesGrp/TotalAmt016186
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0306946
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0315532
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Jessica Modica
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0ART EDUCATION CLASSES
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039835
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039835
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14990
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0110273
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt04924
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt068488
IRS990/PYOtherRevenueAmt033806
IRS990/PYProgramServiceRevenueAmt023762
IRS990/PYRevenuesLessExpensesAmt0-36783
IRS990/PYSalariesCompEmpBnftPaidAmt0131212
IRS990/PYTotalExpensesAmt0204624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0167841
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt019726
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08133
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt044967
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0818347
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0861742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0105791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt065103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt072817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0134324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt087399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0465434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08133
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-11291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt044389
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt060906
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt061582
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0163719
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0277125
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73980
IRS990ScheduleA/PublicSupportPY170Pct00.73410
IRS990ScheduleA/PublicSupportTotal170Amt0465434
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0105791
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt065103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt072817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0134324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt087399
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0465434
IRS990ScheduleA/TotalSupportAmt0629153
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0817251
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0848492
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt040251
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt09010
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0829166
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0817251
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024565
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt036480
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0906497
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0829166
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-26365
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-50967
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0820075
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0906497
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0121444
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt035022
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0785886
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0820075
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt077596
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt043407
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096215
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt098681
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0399000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0399000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016555
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0269819
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0286374
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Proceeds from de-accessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization accounts for income taxes in accordance with Financial Accounting Standards Board Accounting for Uncertainty in Income Taxes. The standard provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise's financial statements and requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The Organization has determined there are no amounts to record as assets or liabilities related to uncertain tax positions. The Organization believes it is no longer subject to income tax examinations for years prior to 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 1a:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418021
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017988
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WINE, CHEESE & CHOCOLATE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025720
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08590
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05306
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt039616
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025720
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08590
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt05306
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt039616
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021628

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,300,619
Liabilities
$39,998
Net assets
$1,260,621
Revenue
$233,575
Expenses
$213,849
Net income
$19,726
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$1.07$0.36$0.70
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$1.08$0.35$0.73
2023Detailed filing. Detailed filing data is available for this year.$2.52$0.07$2.46$0.62$0.37$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.36$0.15$2.21$0.37$0.36$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.02$1.75$0.34$0.22$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.05$1.50$0.28$0.64$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.02$1.85$0.27$0.24$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.03$1.80$0.71$0.21$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.04$1.26$0.23$0.21$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$0.17$0.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.06$1.21$0.17$0.21$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.05$1.30$0.23$0.21$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.06$1.21$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.06$1.20$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.01$1.22$0.23