Lillian Florsheim Foundation for Fine Arts
- Assets
- $0.0
- Revenue
- $525.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1966
- Data as of
- 06/2020
- EIN
- 23-7052993
Organization Overview
Lillian Florsheim Foundation for Fine Arts is located in Chicago, IL. The organization was established in 1966. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations.
For the year ending 06/2020, Lillian Florsheim Foundation for Fine Arts generated $525.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lillian Florsheim Foundation for Fine Arts has awarded 44 individual grants totaling $1,494,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE PRESERVATION AND DISSEMINATION OF THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nan Goldberg Trustee | 0 | $0 | |
Geoffrey Goldberg Trustee | 20 | $0 | |
Lisa Goldberg Trustee | 0 | $0 | |
Ellen Hunt Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,006 |
| Dividends & Interest | $7,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $517,556 |
| Capital Gain Net Income | $517,556 |
| Net ST Capital Gain | $97,323 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $525,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $0 |
| Occupancy | $3,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,313 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,226 |
| Contributions, gifts, grants paid | $1,300,000 |
| Total expenses and disbursements | $1,330,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Lillian Florsheim Foundation for Fine Arts has awarded $1,300,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: OPERATIONS | $960,000 |
Basalt, CO PURPOSE: OPERATIONS | $320,000 |
UIC PURPOSE: OPERATING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Lillian Florsheim Foundation for Fine Arts Chicago, IL | $0 | $525,901 |
Intuit The Center For Intuitive And Outside Art Chicago, IL | $2,150,549 | $1,698,097 |