Art Institute Of Chicago

Art Institute Of Chicago Overview

Art Institute Of Chicago is located in Chicago, IL. The organization was established in 1925. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2020, Art Institute Of Chicago employed 4,119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Art Institute Of Chicago generated $351.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $316.8m during the year ending 06/2020. While expenses have increased by 1.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE ART INSTITUTE OF CHICAGO, A NOT-FOR-PROFIT CORPORATION, IS BOTH A MUSEUM AND AN INSTITUTION OF HIGHER EDUCATION THAT EXISTS TO PROVIDE APPRECIATION AND EDUCATION IN VISUAL FINE ARTS AND DESIGN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SCHOOL OF THE ART INSTITUTE OF CHICAGO (SAIC) IS AN ACCREDITED COLLEGE OF ART AND DESIGN OFFERING UNDERGRADUATE, GRADUATE, AND POST-BACCALAUREATE DEGREE PROGRAMS FOR STUDIO ARTISTS, ART EDUCATORS, ART THERAPISTS, DESIGNERS, WRITERS, AND ART HISTORIANS. SAIC'S FINE ARTS GRADUATE PROGRAM IS RANKED NUMBER TWO IN THE NATION BY U.S. NEWS AND WORLD REPORT, AND THE SCHOOL OFFERS WORLD-CLASS RESOURCES INCLUDING THE ART INSTITUTE OF CHICAGO MUSEUM, ON-CAMPUS GALLERIES, AND STATE-OF-THE-ART FACILITIES. IN FISCAL YEAR 2020, AVERAGE ACADEMIC YEAR FULL-TIME-EQUIVALENT ENROLLMENT OF DEGREE-SEEKING STUDENTS WAS 3,132 WITH INTERNATIONAL STUDENTS FROM 79 COUNTRIES.


THE ART INSTITUTE OF CHICAGO SHARES ITS SINGULAR COLLECTIONS WITH OUR CITY AND THE WORLD. WE COLLECT, CARE FOR, AND INTERPRET WORKS OF ART ACROSS TIME, CULTURES, GEOGRAPHIES, AND IDENTITIES, CENTERING THE VISION OF ARTISTS AND MAKERS. WE RECOGNIZE THAT ALL ART IS MADE IN A PARTICULAR CONTEXT, DEMANDING CONTINUAL, DYNAMIC RECONSIDERATION IN THE PRESENT. WE ARE A PLACE OF GATHERING; WE FOSTER THE EXCHANGE OF IDEAS AND INSPIRE AN EXPANSIVE, INCLUSIVE UNDERSTANDING OF HUMAN CREATIVITY. THE MUSEUM ACHIEVES THIS THROUGH BUILDING AND STEWARDING ITS RENOWNED PERMANENT COLLECTION, PRODUCING EDUCATIONAL PROGRAMMING AROUND THE COLLECTION WITH PERFORMANCES, GALLERY TOURS, LECTURES, READINGS, AND OTHER SPECIAL EVENTS, AND PRESENTING WORLD CLASS EXHIBITIONS HIGHLIGHTING BOTH ITS COLLECTION AND OBJECTS LOANED FROM OTHER INSTITUTIONS. IN FY20, BECAUSE OF THE GLOBAL COVID-19 PANDEMIC, SOME OF THIS WORK MOVED ONLINE, BUT OUR PRESENTATION AND INTERPRETATION OF THE COLLECTION CONTINUED UNABATED. BEFORE THE CLOSURE, EXHIBITIONS FEATURED WITHIN FY20 INCLUDED ANDY WARHOL-FROM A TO B AND BACK AGAIN, EL GRECO: AMBITION AND DEFIANCE, THE PEOPLE SHALL GOVERN! MEDU ART ENSEMBLE AND THE ANTI-APARTHEID POSTER, AND IN A CLOUD, IN A WALL, IN A CHAIR: SIX MODERNISTS IN MEXICO AT MIDCENTURY. ATTENDANCE FOR FY20 EXCEEDED 1.09 MILLION VISITS.


THE SCHOOL OF THE ART INSTITUTE OF CHICAGO (SAIC) IS AN ACCREDITED COLLEGE OF ART AND DESIGN OFFERING UNDERGRADUATE, GRADUATE, AND POST-BACCALAUREATE DEGREE PROGRAMS FOR STUDIO ARTISTS, ART EDUCATORS, ART THERAPISTS, DESIGNERS, WRITERS, AND ART HISTORIANS. SAIC'S FINE ARTS GRADUATE PROGRAM IS RANKED NUMBER TWO IN THE NATION BY U.S. NEWS AND WORLD REPORT, AND THE SCHOOL OFFERS WORLD-CLASS RESOURCES INCLUDING THE ART INSTITUTE OF CHICAGO MUSEUM, ON-CAMPUS GALLERIES, AND STATE-OF-THE-ART FACILITIES. IN FISCAL YEAR 2020, AVERAGE ACADEMIC YEAR FULL-TIME-EQUIVALENT ENROLLMENT OF DEGREE-SEEKING STUDENTS WAS 3,132 WITH INTERNATIONAL STUDENTS FROM 79 COUNTRIES.


THE ART INSTITUTE OF CHICAGO SHARES ITS SINGULAR COLLECTIONS WITH OUR CITY AND THE WORLD. WE COLLECT, CARE FOR, AND INTERPRET WORKS OF ART ACROSS TIME, CULTURES, GEOGRAPHIES, AND IDENTITIES, CENTERING THE VISION OF ARTISTS AND MAKERS. WE RECOGNIZE THAT ALL ART IS MADE IN A PARTICULAR CONTEXT, DEMANDING CONTINUAL, DYNAMIC RECONSIDERATION IN THE PRESENT. WE ARE A PLACE OF GATHERING; WE FOSTER THE EXCHANGE OF IDEAS AND INSPIRE AN EXPANSIVE, INCLUSIVE UNDERSTANDING OF HUMAN CREATIVITY. THE MUSEUM ACHIEVES THIS THROUGH BUILDING AND STEWARDING ITS RENOWNED PERMANENT COLLECTION, PRODUCING EDUCATIONAL PROGRAMMING AROUND THE COLLECTION WITH PERFORMANCES, GALLERY TOURS, LECTURES, READINGS, AND OTHER SPECIAL EVENTS, AND PRESENTING WORLD CLASS EXHIBITIONS HIGHLIGHTING BOTH ITS COLLECTION AND OBJECTS LOANED FROM OTHER INSTITUTIONS. IN FY20, BECAUSE OF THE GLOBAL COVID-19 PANDEMIC, SOME OF THIS WORK MOVED ONLINE, BUT OUR PRESENTATION AND INTERPRETATION OF THE COLLECTION CONTINUED UNABATED. BEFORE THE CLOSURE, EXHIBITIONS FEATURED WITHIN FY20 INCLUDED ANDY WARHOL-FROM A TO B AND BACK AGAIN, EL GRECO: AMBITION AND DEFIANCE, THE PEOPLE SHALL GOVERN! MEDU ART ENSEMBLE AND THE ANTI-APARTHEID POSTER, AND IN A CLOUD, IN A WALL, IN A CHAIR: SIX MODERNISTS IN MEXICO AT MIDCENTURY. ATTENDANCE FOR FY20 EXCEEDED 1.09 MILLION VISITS.


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Art Institute Of Chicago Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Art Institute Of Chicago Vendors

Vendor Name (Service)Compensation
Allied Universal Security
Security Services
$1,542,039
Able Engineering Services Inc
Engineering Services
$5,008,504
Abm Onsite Services- Midwest
Janitorial Service
$2,933,125
Able Engineering Services Inc
Engineering Services
$5,008,504
Food For Thought
Catering Services
$2,282,542
Allied Universal Security
Security Services
$1,542,039
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$15,637,704
Fundraising events$819,129
Related organizations$0
Government grants $7,528,554
All other contributions, gifts, grants, and similar amounts not included above$69,697,367
Noncash contributions included in lines 1a–1f $26,740,783
Total Revenue from Contributions, Gifts, Grants & Similar$93,682,754
Total Program Service Revenue$214,772,101
Investment income $10,595,207
Tax Exempt Bond Proceeds $0
Royalties $75,626
Net Rental Income $1,679,172
Net Gain/Loss on Asset Sales $25,936,842
Net Income from Fundraising Events -$185,870
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3,705,916
Miscellaneous Revenue$0
Total Revenue $351,772,088

Art Institute Of Chicago Grants Recieved

Over the last fiscal year, we have identified 87 grants that Art Institute Of Chicago has recieved totaling $2,233,889.

Awarding OrganizationAmount
James & Madeleine Mcmullan Family Foundation

Chicago, IL

PURPOSE: GENERAL SUPPORT

$695,463
Hf Foundation Inc

Hartland, WI

PURPOSE: CHARITABLE DONATION 501(C)(3) ORGANIZATION

$250,000
Arthur D Collins Jr Foundation

Naples, FL

PURPOSE: GENERAL PURPOSES

$234,000
John D And Alexandra C Nichols Family Foundation

Winnetka, IL

PURPOSE: UNRESTRICTED

$200,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$150,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$150,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,127,378,971
Earnings$37,152,584
Admin Expense$3,207,880
Net Contributions$50,167,005
Other Expense$66,453,218
Grants$4,559,023
Ending Balance$1,140,478,439

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