The Richard H Driehaus Museum
- Assets
- $116.5m
- Revenue
- $74.8m
- Investments
- $17.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 36-4339951
Organization Overview
The Richard H Driehaus Museum is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Richard H Driehaus 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, Richard H Driehaus Museum generated $74.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 68.8% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MUSEUM AND PRESERVATION OF ARCHITECTURAL ASSETS AND ARTWORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Musci Executive Director | 40 | $151,292 | |
Valerie Hoving Guest Services | 40 | $38,063 | |
Julie Treumann Marketing Director | 40 | $37,669 | |
Greg Shutters Associate Director | 40 | $36,268 | |
Sally-Ann Felgenhauer Exhibitions Director | 40 | $33,886 | |
Jessica Kok Guest Services | 40 | $30,954 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/21 | $122,270 |
Wje Associates | 12/30/21 | $62,000 |
Miller Cooper & Co Ltd | 12/30/21 | $76,258 |
Quarles & Brady Llp | 12/30/21 | $65,729 |
Driehaus Enterprise Management Inc | 12/30/21 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $67,428,577 |
| Interest on Savings | $1,174 |
| Dividends & Interest | $1,203,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,698,231 |
| Capital Gain Net Income | $6,409,565 |
| Net ST Capital Gain | $2,642,584 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $52,755 |
| Other Income | $426,348 |
| Total Revenue | $74,810,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,292 |
| Other employee salaries and wages | $307,207 |
| Pension plans, employee benefits | $52,541 |
| Interest | $14,824 |
| Taxes | $174,004 |
| Depreciation | $633,055 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $7,120 |
| Other expenses | $1,353,439 |
| Total operating and administrative expenses | $3,128,790 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,128,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,286,495 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $49,234,430 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $226,325 |
| Prepaid expenses and deferred charges | $160,526 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,786,363 |
| Net Land, buildings, and equipment | $29,636,828 |
| Other assets | $1,137,278 |
| Total assets | $116,468,245 |
| Accounts payable and accrued expenses | $327,023 |
| Grants payable | $0 |
| Deferred revenue | $28,559 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $15,900,000 |
| Other liabilities | $0 |
| Total liabilities | $16,255,582 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Richard H Driehaus Museum has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Head Foundation Minnetonka, MN PURPOSE: GENERAL SUPPORT | $2,000 |
Herbert And Roselle Mack Charitable Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |