Elmhurst Art Museum
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Elmhurst, IL
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 36-4096612
Organization Overview
Elmhurst Art Museum is located in Elmhurst, IL. The organization was established in 1997. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Elmhurst Art Museum employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmhurst Art Museum 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, Elmhurst Art Museum generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $694.6k during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EAM IS A WELCOMING CENTER TO VIEW AND EXPERIENCE THE VISUAL ARTS OF OUR TIME. THE MUSEUM COMPLEX ENRICHES LIVES BY DEEPENING THE KNOWLEDGE OF ART, ARCHITECTURE AND DESIGN, INCREASING THE UNDERSTANDING OF THE RELEVANCE OF VISUAL ART IN OUR SOCIETY AND SPARKING THE DEVELOPMENT OF INDIVIDUAL CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES THE VISUAL ARTS THROUGH EXHIBITIONS, CLASSES, AND THE PRESERVATION OF OBJECTS AND DOCUMENTS. 1) WITH COVID ADAPTATIONS, 2021 WAS ANOTHER YEAR OF ADJUSTMENTS, INCLUDING CLOSURES AND REDUCED PROGRAMMING SEASONS. A TOTAL OF 8,800 VISITED THE GALLERIES AND MCCORMICK HOUSE,. GENERALLY THERE ARE 3 DISTINCT PROGRAMMING SEASONS, WITH EXHIBITS AND IN-PERSON EVENTS, BUT 2 SEPARATE SHOWS WERE PLANNED WITH REMOTE PROGRAMS. 2) ONLY A FEW SESSIONS OF OUR STUDIO ART CLASSES AND CAMPS RAN IN 2021, AND WHEN RUNNING IT WAS WITH LIMITED CAPACITY. WE HAD 109 PEOPLE ENROLL IN 6-WEEK CLASS SESSIONS (RANGING FROM CARTOONING TO CERAMICS) AND 414 CHILDREN IN OUR SUMMER ART CAMPS. 3) THE MUSEUM'S ANNUAL FUNDRAISER TRADITIONALLY WELCOMES OVER 200 ATTENDEES EACH YEAR, BUT A REDUCED NUMBER OF 140 ATTENDED AND RAISED NEARLY AS MUCH AS USUAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mckinnon Executive Director | OfficerTrustee | 40 | $115,350 |
Joseph Jeffrey Director | OfficerTrustee | 2 | $0 |
Gigi Owens Vice President | OfficerTrustee | 3 | $0 |
Kristi Bieber-Gibbs Treasurer | OfficerTrustee | 3 | $0 |
Maryann Gorski Secretary | OfficerTrustee | 3 | $0 |
Donald Mower President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,345 |
| Fundraising events | $121,050 |
| Related organizations | $0 |
| Government grants | $327,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,324 |
| Noncash contributions included in lines 1a–1f | $71,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $917,279 |
| Total Program Service Revenue | $158,093 |
| Investment income | $22,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,317 |
| Net Gain/Loss on Asset Sales | $2,947 |
| Net Income from Fundraising Events | -$3,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,236 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,158,251 |
| 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. | $115,350 |
| Compensation of current officers, directors, key employees. | $23,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,142 |
| Advertising and promotion | $25,293 |
| Office expenses | $30,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,940 |
| Travel | $445 |
| 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 | $69,735 |
| Insurance | $20,522 |
| All other expenses | $10,495 |
| Total functional expenses | $694,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $838,468 |
| Savings and temporary cash investments | $52,505 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $161,220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,351 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,075,715 |
| Investments—publicly traded securities | $940,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,619 |
| Total assets | $3,158,247 |
| Accounts payable and accrued expenses | $39,389 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $189,389 |
| Net assets without donor restrictions | $1,793,676 |
| Net assets with donor restrictions | $1,175,182 |
| 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 | $3,158,247 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Elmhurst Art Museum has recieved totaling $112,150.
| Awarding Organization | Amount |
|---|---|
Robert W & Marcia M Goltermann Charitable Trust Elmhurst, IL PURPOSE: CHARITABLE | $50,000 |
Dupage Community Foundation Downers Grove, IL PURPOSE: ARTS, CULTURE | $31,600 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,250 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL PURPOSE: HOUSES OF TOMORROW | $5,000 |
Eck Family Foundation Oconomowoc, WI PURPOSE: GENERAL SUPPORT FOR CHARITABLE PROGRAMMING | $5,000 |
Endowment Analysis
| Beg. Balance | $835,993 |
| Earnings | $114,856 |
| Other Expense | $10,480 |
| Ending Balance | $940,369 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Museum Of Contemporary Art Chicago, IL | $199,455,132 | $15,185,579 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Fort Wayne Museum Of Art Inc Fort Wayne, IN | $14,143,825 | $4,976,518 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |