Tessler Heritage Foundation
- Assets
- $826.3k
- Revenue
- $521.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-1913357
Organization Overview
Tessler Heritage Foundation is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (A51) the organization is classified as: Art 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. Tessler Heritage Foundation 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, Tessler Heritage Foundation generated $521.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $521.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 7 years. 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
TO EXHIBIT AN IMPORTANT PIECE OF RELIGIOUS ARTWORK KNOWN AS THE "ILLUMINATED TORAH" TO THE PUBLIC FOR EDUCATIONAL PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudolph Tessler President | 1 | $0 | |
B Mordecai Tessler Treasurer | 1 | $0 | |
David Tessler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $521 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $521 |
| 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 | $21 |
| Total operating and administrative expenses | $521 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88 |
| 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 | $826,177 |
| Total assets | $826,265 |
| 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 |
Peer Organizations
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|---|---|---|
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Fort Wayne Museum Of Art Inc Fort Wayne, IN | $14,143,825 | $4,976,518 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |
Springfield Art Association Of Edwards Place Springfield, IL | $2,184,986 | $1,710,598 |
Cedar Rapids Museum Of Art Cedar Rapids, IA | $10,975,724 | $1,897,118 |
River Music Experience Davenport, IA | $3,858,577 | $1,649,242 |
Charlotte Street Foundation Kansas City, MO | $10,563,973 | $1,645,479 |
South Bend Museum Of Art Inc South Bend, IN | $2,880,616 | $3,203,304 |