Klairmont Kollections Nfp
- Assets
- $18.9m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-5417208
Organization Overview
Klairmont Kollections Nfp is located in Chicago, IL. The organization was established in 2018. 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. Klairmont Kollections Nfp 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, Klairmont Kollections Nfp generated $19.4m in total revenue. All expenses for the organization totaled $428.6k during the year ending 12/2021. While expenses have increased by 45.2% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AUTO MUSEUM DEDICATED TO PROMOTING EDUCATIONAL PROGRAMS THAT ENGAGE THE NEXT GENERATION OF YOUTH THROUGH WORKSHOPS, FIELD TRIPS, AND PARTNERSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Olson President | 60 | $110,875 | |
Larry Klairmont Past President/chairman | 2 | $0 | |
Alfred M Klairmont Past Vp/past President | 2 | $0 | |
Steve Freeman Treasurer | 2 | $0 | |
Lee Becker Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,831,425 |
| Interest on Savings | $4,922 |
| Dividends & Interest | $6 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$487,505 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $1,285 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,635 |
| Total Revenue | $19,420,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,875 |
| Other employee salaries and wages | $83,457 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,300 |
| Total operating and administrative expenses | $428,629 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $428,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,271 |
| Savings and temporary cash investments | $11,806,183 |
| 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 | $7,056,425 |
| Total assets | $18,906,879 |
| 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 | $20,000 |
| Total liabilities | $20,000 |
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