Otho S A Sprague Memorial Institute
- Assets
- $44.5m
- Revenue
- $1.8m
- Investments
- $44.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 36-6068723
Organization Overview
Otho S A Sprague Memorial Institute is located in Chicago, IL. The organization was established in 1942. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Otho S A Sprague Memorial Institute 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 12/2023, Otho S A Sprague Memorial Institute generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 8 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.
Since 2016, Otho S A Sprague Memorial Institute has awarded 130 individual grants totaling $11,956,005. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne White-Faines Director | 2 | $0 | |
Bryan S Traubert MD Director | 2 | $0 | |
David G O'neill Director | 2 | $0 | |
Edward K Chandler Director | 2 | $0 | |
Julian G Posada Director | 2 | $0 | |
Kary Mcilwain Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alexander Associates | 12/30/23 | $272,720 |
Koya Leadership Partners | 12/30/23 | $79,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $99,492 |
| Dividends & Interest | $1,138,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $553,443 |
| Capital Gain Net Income | $553,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,791,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,259 |
| Total operating and administrative expenses | $431,664 |
| Contributions, gifts, grants paid | $1,794,390 |
| Total expenses and disbursements | $2,226,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,388 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,520,184 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Otho S A Sprague Memorial Institute has awarded $1,794,390 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: PROGRAM SUPPORT | $25,000 |
CHICAGO COMMUNITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $50,000 |
CHILDREN FIRST FUND PURPOSE: PROGRAM SUPPORT | $65,221 |
CITY OF COLLEGES OF CHICAGO FOUNDATION PURPOSE: PROGRAM SUPPORT | $50,000 |
EVERTHRIVE PURPOSE: PROGRAM SUPPORT | $65,000 |
FOREFRONT PURPOSE: PROGRAM SUPPORT | $4,558 |