Civic Intelligence

Floating Museum Nfp

990 • Fiscal year 2017 • EIN 81-3014324

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization ProfileN/A
7208 S MerrillChicago, IL 60649

(312) 498-6298

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

35th percentile

-2.2%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

14th percentile

-33%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

642%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$11,247

Down $5,542 (-33%) from 2016

Net Assets

Down

$11,247

Down $5,542 (-33%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin35th percentile

Revenue

Up

$251,172

Up $217,300 (+642%) from 2016

Expenses

Up

$256,713

Up $239,630 (+1403%) from 2016

Net Income

Down

-$5,541

Down $22,330 (-133%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $16,789Liabilities 2016: $0Net Assets 2016: $16,7892016Assets 2017: $11,247Liabilities 2017: $0Net Assets 2017: $11,2472017Assets 2018: $29,970Liabilities 2018: $0Net Assets 2018: $29,9702018Assets 2019: $7,402Liabilities 2019: $0Net Assets 2019: $7,4022019Assets 2020: $77,534Liabilities 2020: $0Net Assets 2020: $77,5342020Assets 2022: $529,061Liabilities 2022: $137,024Net Assets 2022: $392,0372022Assets 2023: $3,046,539Liabilities 2023: $121,644Net Assets 2023: $2,924,8952023Assets 2024: $3,206,695Liabilities 2024: $362,956Net Assets 2024: $2,843,7392024

Highlighted filing

2017

Assets$11,247
Liabilities$0
Net Assets$11,247
Open 2017 Filing

Operations Trend

Revenue Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $33,872Expenses 2016: $17,083Net Income 2016: $16,7892016Revenue 2017: $251,172Expenses 2017: $256,713Net Income 2017: -$5,5412017Revenue 2018: $83,975Expenses 2018: $65,252Net Income 2018: $18,7232018Revenue 2019: $124,723Expenses 2019: $147,291Net Income 2019: -$22,5682019Revenue 2020: $117,551Expenses 2020: $47,419Net Income 2020: $70,1322020Revenue 2022: $467,822Expenses 2022: $219,728Net Income 2022: $248,0942022Revenue 2023: $3,001,674Expenses 2023: $446,446Net Income 2023: $2,555,2282023Revenue 2024: $1,064,056Expenses 2024: $1,145,212Net Income 2024: -$81,1562024

Highlighted filing

2017

Revenue$251,172
Expenses$256,713
Net Income-$5,541
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.2
Gross Receipts
$251,172
Mission and Program Overview

Mission

The Floating Museum is organized exclusively for charitable, scientifc, religious or education purposes In furtherance thereof, the objects of the corporation are to promote public appreciation for the artsy by constructing and operating one or more floating museums or other mobile platforms for delivering art and culture to non traditional and underserved groups and locations; providing transportable exhibition, performance workshop space that can be sued by diverse neighborhoods and communities

Floating museum is a collaborative arts organization that creates temporary, site-responsive museum spaces to activate sites of cultural potential throughout chicagos neighborhoods. We engage local artists, historians, and organizations in events that challenge traditional museum thinking and generate community engagement and conversation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,789$11,247▼ $5,542
Total Assets$16,789$11,247▼ $5,542
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$16,789$11,247▼ $5,542
Total Net Assets Fund Balance$16,789$11,247▼ $5,542
Total Liabilities and Net Assets / Fund Balance$16,789$11,247▼ $5,542
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
NoneNone
Revenue and Support

Revenue Composition

Contributions and Grants
$251,172
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$204,172
Change in Net Assets
$-5,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,713
Total Fundraising Expense$2,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$11,597$682$1,365$13,644
Insurance$5,164$304$608$6,076
Conferences and Meetings$3,034$179$357$3,570
Office Expenses$1,294$76$152$1,522
Fees for Services Accounting$0$1,000$0$1,000
Travel$618$36$73$727
Advertising$582$34$69$685
Other Expenses$8$0$1$9
Total Functional Expenses$251,632$2,359$2,722$256,713
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
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
Filing and Contact Details

Filer

Filer Name
Floating Museum NFP
EIN
81-3014324
Phone
3124986298
Address
7208 S Merrill, Chicago, IL 60649

Signing Officer

Name
Faheem Majeed
Title
Executive Director
Phone
3124986298
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Faheem Majeed
Formed
2016
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Firm
Tyler Bookkeeping and Management Svcs Inc
Address
511 MANISTEE AVE, CALUMET CITY, IL 60409
Preparer
Lynna Tyler
Phone
7088601201
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“990 submitted to each by email”

Pt VI, Line 12C

“Discussions were held at the annual meeting”

Form 990EZ, Part I, Line 16

“Project Materials 188181.”

Form 990EZ, Part I, Line 16

“Advertising 685.”

Form 990EZ, Part I, Line 16

“Travel and Meetings 4297.”

Form 990EZ, Part I, Line 16

“Supplies 1532.”

Form 990EZ, Part I, Line 16

“Business Registration Fees 888.”

Form 990EZ, Part I, Line 16

“Bank Service Charges 77.”

Form 990EZ, Part I, Line 16

“Insurance 6076.”

Form 990EZ, Part I, Line 16

“Contract Services/Stipends 40333.”

Form 990EZ, Part I, Line 16

“Website 65.”

Form 990EZ, Part I, Line 16

“Office Equipment 444.”

Form 990, Part IX, Line 24E

“Office Equipment 443. 377. 22. 44.”

Form 990, Part IX, Line 24E

“Postage/Mailing 636. 540. 32. 64.”

Form 990, Part IX, Line 24E

“Website 65. 55. 3. 7.”

Form 990, Part IX, Line 24E

“Admin Services 12500. 10625. 625. 1250.”

Raw XML Appendix296 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
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IRS990/ActivityOrMissionDesc0FLOATING MUSEUM IS A COLLABORATIVE ARTS ORGANIZATION THAT CREATES TEMPORARY, SITE-RESPONSIVE MUSEUM SPACES TO ACTIVATE SITES OF CULTURAL POTENTIAL THROUGHOUT CHICAGOS NEIGHBORHOODS. WE ENGAGE LOCAL ARTISTS, HISTORIANS, AND ORGANIZATIONS IN EVENTS THAT CHALLENGE TRADITIONAL MUSEUM THINKING AND GENERATE COMMUNITY ENGAGEMENT AND CONVERSATION.
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IRS990/ConservationEasementsInd0false
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IRS990/Desc0FLOATING MUSEUM SUCCESSFULLY COMPLETED 3 PROJECTS THIS YEAR. FLOATING MUSEUM HELD AN INTERACTIVE ARTS EXHIBITION AT THE DUSABLE MUSEUM OF AFRICAN AMERICA HISTORY FEBRUARY THROUGH JULY OF 2017. IN SUMMER OF 2017, FLOATING MUSEUM'S RIVER ASSEMBLY PROJECT TRANSFORMED AN INDUSTRIAL BARGE INTO A MOBILE GALLERY THAT THAT TRANSPORTED ARTWORK AND FREE PUBLIC PROGRAMS FROM SOUTHEAST CHICAGO, TO BRIDGEPORT, THE CHICAGO RIVERWALK, AND NAVY PIER. OVER 50 ARTISTS AND 12 ORGANIZATIONS PARTICIPATED IN THE RIVER ASSEMBLY PROJECT, WHICH REACHED AN ESTIMATED TOTAL OF OVER 100,000 VIEWERS. IN FALL OF 2017, FLOATING MUSEUM ALSO PARTICIPATED IN PALAIS DE TOKYO'S GROUP EXHIBITION SINGING STONES
IRS990/DescribedInSection501c3Ind0true
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IRS990/FeesForServicesAccountingGrp/TotalAmt01000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt047000
IRS990/GrantAmt0217899
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0251172
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0608
IRS990/InsuranceGrp/ManagementAndGeneralAmt0304
IRS990/InsuranceGrp/ProgramServicesAmt05164
IRS990/InsuranceGrp/TotalAmt06076
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Floating Museum is a collaborative arts organization that creates temporary, site-responsive museum spaces to activate sites of cultural potential
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt016789
IRS990/NetAssetsOrFundBalancesEOYAmt011247
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt0152
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt076
IRS990/OfficeExpensesGrp/ProgramServicesAmt01294
IRS990/OfficeExpensesGrp/TotalAmt01522
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Bank Service Charges
IRS990/OtherExpensesGrp/Desc1Business Registration/Fees
IRS990/OtherExpensesGrp/Desc2Project Exhibitions/Program
IRS990/OtherExpensesGrp/Desc3Books Subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt08
IRS990/OtherExpensesGrp/FundraisingAmt189
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt31
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt144
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt066
IRS990/OtherExpensesGrp/ProgramServicesAmt1755
IRS990/OtherExpensesGrp/ProgramServicesAmt2228514
IRS990/OtherExpensesGrp/ProgramServicesAmt38
IRS990/OtherExpensesGrp/TotalAmt078
IRS990/OtherExpensesGrp/TotalAmt1888
IRS990/OtherExpensesGrp/TotalAmt2228514
IRS990/OtherExpensesGrp/TotalAmt39
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FAHEEM MAJEED
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-5541
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0251172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt033872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0285044
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0251172
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 submitted to each by email
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Discussions were held at the annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Project Materials 188181.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Advertising 685.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Travel and Meetings 4297.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Supplies 1532.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Business Registration Fees 888.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bank Service Charges 77.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Insurance 6076.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Contract Services/Stipends 40333.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Website 65.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Office Equipment 443. 377. 22. 44.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Postage/Mailing 636. 540. 32. 64.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Website 65. 55. 3. 7.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Admin Services 12500. 10625. 625. 1250.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
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IRS990/TravelGrp/TotalAmt0727
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060649
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IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FAHEEM MAJEED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03124986298
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Floating Museum NFP
ReturnHeader/Filer/BusinessNameControlTxt0FLOA
ReturnHeader/Filer/EIN0813014324
ReturnHeader/Filer/PhoneNum03124986298
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ReturnHeader/Filer/USAddress/CityNm0Chicago
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ReturnHeader/FilingSecurityInformation/IPTm019:35:17
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CALUMET CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060409
ReturnHeader/PreparerPersonGrp/PhoneNum07088601201
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNNA TYLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-15T19:35:20-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$11,247
Liabilities
$0
Net assets
$11,247
Revenue
$251,172
Expenses
$256,713
Net income
-$5,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.21$0.36$2.84$1.06$1.15$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.12$2.92$3.00$0.45$2.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.14$0.39$0.47$0.22$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.00$0.08$0.12$0.05$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.12$0.15$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$0.08$0.07$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.25$0.26$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.03$0.02$0.02