Institute Of Cultural Affairs
- Assets
- $441.5k
- Revenue
- $657.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 09/1974
- Data as of
- 12/2020
- EIN
- 23-7394613
Organization Overview
Institute Of Cultural Affairs is located in Chicago, IL. The organization was established in 1974. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Institute Of Cultural Affairs employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Cultural Affairs 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 12/2020, Institute Of Cultural Affairs generated $657.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $537.8k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING A JUST AND EQUITABLE SOCIETY IN HARMONY WITH PLANET EARTH. ICA HAS REALIZED THIS MISSION THROUGH LOCALLY-LED SUSTAINABLE COMMUNITY DEVELOPMENT INITIATIVES WHICH ASSIST PEOPLE TO VISUALIZE, PLAN, AND IMPLEMENT CONSENSUS-BASED STRATEGIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATE 77 PROGRAM - ACCELERATING SUSTAINABLE INITIATIVES IN CHICAGO'S 77 COMMUNITY AREAS. ACCELERATED EXISTING LOCAL PROGRAMS AND INITIATIVES AND INCREASED THE STRENGTH OF THEIR IMPACTS ON CHICAGO COMMUNITIES.
TECHNOLOGY OF PARTICIPATION TRAINING PROGRAMS USED BY HUNDREDS OF ORGANIZATIONS, GOVERNMENT AGENCIES, PROFESSIONAL ASSOCIATIONS AND LOCAL COMMUNITIES. THE PROGRAMS TEACH TEAM MEMBERS HOW TO COLLABORATE ON PROJECTS AND FACILITATORS HOW TO EFFECTIVELY LEAD THEIR TEAM WITH THE EXPECTATION THAT ALL TEAM MEMBERS ACTIVELY PARTICIPATE AND CONTRIBUTE TO THE SUCCESSFUL COMPLETION OF EACH TASK.
OTHER PROGRAMS DESIGNED TO STRENGTHEN CAPACITIES FOR SUSTAINABILITY AMONG INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES, INCLUDING THE ARCHIVES PROGRAM. OUR AIM IS TO SHARE, THROUGH OUR ARCHIVES, THE EXPERIENCES AND TOOLS FROM AN ENERGETIC 20TH CENTURY "PEOPLES' MOVEMENT" FOR SOCIAL JUSTICE AND HUMAN DEVELOPMENT WITH TODAY'S CITIZEN ACTIVISTS, CIVIC LEADERS, THINKERS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Gilbert Chair | OfficerTrustee | 3 | $0 |
Nelson Stover Treasurer | OfficerTrustee | 2 | $0 |
Nancy Trask Secretary | OfficerTrustee | 2 | $0 |
James Michael Director | Trustee | 1 | $0 |
Mark Mcmullen Bushman Director | Trustee | 1 | $0 |
Joshua Craver Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,768 |
| Total Program Service Revenue | $128,267 |
| Investment income | $8,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,845 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,816 |
| 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 | $245,672 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $43,519 |
| Payroll taxes | $18,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,011 |
| Fees for services: Accounting | $5,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,453 |
| Advertising and promotion | $0 |
| Office expenses | $26,029 |
| Information technology | $11,142 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,870 |
| Interest | $3,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,705 |
| Insurance | $28,609 |
| All other expenses | $0 |
| Total functional expenses | $537,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,050 |
| Savings and temporary cash investments | $16,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,857 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,602 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $71,294 |
| Investments—publicly traded securities | $57,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,509 |
| Total assets | $441,473 |
| Accounts payable and accrued expenses | $173,366 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $37,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $210,866 |
| Net assets without donor restrictions | $69,978 |
| Net assets with donor restrictions | $160,629 |
| 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 | $441,473 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Institute Of Cultural Affairs has recieved totaling $9,022.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Endowment Analysis
| Beg. Balance | $666,652 |
| Earnings | $12,994 |
| Net Contributions | $182,883 |
| Other Expense | $27,854 |
| Ending Balance | $834,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brighton Center Inc Newport, KY | $9,970,830 | $13,102,096 |
Golden Apple Foundation For Excellence In Teaching Chicago, IL | $9,155,466 | $8,943,732 |
Center For Leadership Development Inc Indianapolis, IN | $25,737,944 | $9,330,361 |
Corporate Leadership Center Chicago, IL | $7,176,847 | $2,788,473 |
Kentucky Coalition Inc London, KY | $8,646,468 | $2,988,412 |
Leadership Louisville Foundation Incorporated Louisville, KY | $5,483,171 | $2,662,724 |
Leadership Greater Chicago Inc Chicago, IL | $2,863,395 | $2,316,739 |
Council Of State Governments Lexington, KY | $1,216,113 | $1,765,285 |
Leadershape Incorporated Champaign, IL | $1,727,764 | $837,365 |
Leadership Kentucky Foundation Inc Frankfort, KY | $2,285,909 | $1,078,544 |
Spiritual Leadership Inc Lexington, KY | $103,587 | $581,880 |
Shafer Leadership Academy Muncie, IN | $364,559 | $687,655 |