Driehaus Design Initiative
- Assets
- $5.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1694951
Organization Overview
Driehaus Design Initiative is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Driehaus Design Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Driehaus Design Initiative generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $33.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Driehaus Design Initiative has awarded 30 individual grants totaling $972,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE DESIGN EDUCATION, PUBLIC APPRECIATION OF DESIGN, AND THE UNDERSTANDING OF DESIGN HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRIEHAUS DESIGN INITIATIVE PRODUCES AN ANNUAL EDUCATIONAL FASHION SHOW FOR STUDENTS IN UNDERGRADUATE DESIGN PROGRAMS, SPONSORS AN ONGOING EDUCATIONAL SYMPOSIUM FOR THOSE AND SIMILAR STUDENTS, MAINTAINS A COLLECTION OF WORKS OF FASHION DESIGN, AND EDUCATES THE PUBLIC ABOUT DESIGN AND THE VISUAL ARTS. IT ALSO MAKES GRANTS TO EDUCATIONAL INSTITUTIONS TO SUPPORT DESIGN PROGRAMS. THE ANNUAL DRIEHAUS AWARDS FOR FASHION EXCELLENCE FASHION SHOW PROVIDES A "REAL LIFE" EDUCATIONAL EXPERIENCE FOR THE STUDENTS, ENCOURAGES AND HIGHLIGHTS CREATIVE AND INNOVATIVE FASHION DESIGN, ENCOURAGES STUDENTS TO CONTINUE WORKING IN AND ADVANCING FASHION DESIGN AND FOSTERS PUBLIC APPRECIATION OF INNOVATIVE FASHION DESIGN. THE 2022 SHOW HAS ALSO BEEN CANCELLED DUE TO THE COVID 19 PANDEMIC, BUT THE ORGANIZATION INTENDS TO HOLD THE FASHION SHOW EVENT IN THE FUTURE. THE ORGANIZATION WILL BE AWARDING GRANTS TO SELECTED EDUCATIONAL INSTITUTIONS IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard H Driehaus President & Director - 3/9/21 | OfficerTrustee | 3 | $0 |
Michelle Molise Treasurer & Director | OfficerTrustee | 6 | $0 |
Tracey Tarantino Secretary & Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000,005 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,000,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,465 |
| Fees for services: Accounting | $7,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,782 |
| All other expenses | $0 |
| Total functional expenses | $33,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,152,593 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,158,093 |
| Accounts payable and accrued expenses | $985 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $985 |
| Net assets without donor restrictions | $5,157,108 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,158,093 |
Grants Awarded
Over the last fiscal year, Driehaus Design Initiative has awarded $105,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, MO PURPOSE: Funding and Support | $35,000 |
Chicago, IL PURPOSE: Funding and support | $35,000 |
River Forest, IL PURPOSE: Funding and support | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Driehaus Design Initiative has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Lillian Florsheim Foundation for Fine Arts Chicago, IL | $0 | $525,901 |
Intuit The Center For Intuitive And Outside Art Chicago, IL | $2,150,549 | $1,698,097 |
Painting & Decorating Contractors Of America Maryland Heights, MO | $1,053,782 | $1,259,349 |