Illinois State Museum Society Museum Building
- Assets
- $3.9m
- Revenue
- $483.0k
- Investments
- $3.0m
- Employees
- 15
- Location
- Springfield, IL
- Founding
- 04/1958
- Data as of
- 06/2021
- EIN
- 37-6018727
Organization Overview
Illinois State Museum Society Museum Building is located in Springfield, IL. The organization was established in 1958. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Illinois State Museum Society Museum Building employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois State Museum Society Museum Building 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 06/2021, Illinois State Museum Society Museum Building generated $483.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $642.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. 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
PROMOTION OF ILLINOIS STATE MUSEUM PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE (ACTIVITIES RELATED TO SCIENCE AND RESEARCH PROJECTS), SERVICE TO THE MUSEUM AND PUBLIC (RESEARCH, COLLECTION, AND OTHER ACTIVITIES IN ANTHROPOLOGY AND THE NATURAL SCIENCES WHICH CONTRIBUTE TO THE DISCOVERY OF ILLINOIS' CLIMATE, LAND, LIFE AND PEOPLE), EXHIBITIONS, AND EDUCATIONAL PROGRAMS.
SERVICE TO THE MUSEUM AND PUBLIC (RESEARCH, COLLECTION, AND OTHER ACTIVITIES IN ART AND HISTORY THAT CONTRIBUTE TO THE DISCOVERY OF ILLINOIS ART AND HISTORY), EXHIBITION, EDUCATION, AND ARTISAN PROGRAMMING.
SERVICE TO MEMBERS (ACTIVITIES RELATED TO MEMBERS AND MEMBERSHIP PROMOTION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Hamrick Treasurer | OfficerTrustee | 5 | $0 |
Cinda Ackerman Klickna Chairperson | OfficerTrustee | 5 | $0 |
Nichole Boyd Vice Chair | OfficerTrustee | 5 | $0 |
Lynn Fischer Secretary | OfficerTrustee | 5 | $0 |
Erica Austin Director | Trustee | 5 | $0 |
Matt Berry Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,216 |
| Total Program Service Revenue | $75,827 |
| Investment income | $87,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,996 |
| 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 | $401,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,572 |
| Payroll taxes | $30,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,196 |
| Fees for services: Other | $19,188 |
| Advertising and promotion | $9,987 |
| Office expenses | $32,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,840 |
| Insurance | $3,334 |
| All other expenses | $6,826 |
| Total functional expenses | $642,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,338 |
| Prepaid expenses and deferred charges | $2,896 |
| Net Land, buildings, and equipment | $46,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,022,880 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,889,913 |
| Accounts payable and accrued expenses | $82,487 |
| Grants payable | $0 |
| Deferred revenue | $24,489 |
| 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 | $30,002 |
| Total liabilities | $136,978 |
| Net assets without donor restrictions | $1,985,309 |
| Net assets with donor restrictions | $1,767,626 |
| 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 | $3,889,913 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Illinois State Museum Society Museum Building has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Chicago Community Trust Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $5,000 |
Endowment Analysis
| Beg. Balance | $2,433,036 |
| Earnings | $25,000 |
| Other Expense | $2,288,314 |
| Ending Balance | $169,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
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 |