Chicago Historical Society
- Assets
- $127.4m
- Revenue
- $15.0m
- Investments
- $28.4m
- Employees
- 245
- Location
- Chicago, IL
- Founding
- 10/1932
- Data as of
- 06/2022
- EIN
- 36-2167004
Organization Overview
Chicago Historical Society is located in Chicago, IL. The organization was established in 1932. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Chicago Historical Society employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Historical Society 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 06/2022, Chicago Historical Society generated $15.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $15.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AS THE PRIMARY DESTINATION FOR LEARNING, INSPIRATION, AND CIVIC ENGAGEMENT TO CONNECT PEOPLE TO CHICAGO'S HISTORY AND EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND AUDIENCE - AT THE HEART OF THE CHICAGO HISTORY MUSEUM'S MISSION TO CONNECT PEOPLE TO CHICAGO'S HISTORY AND EACH OTHER, IS OUR COMMITMENT TO DESIGN AND OFFER MEANINGFUL AND RELEVANT PROGRAMS, RESOURCES, AND EXPERIENCES WITHIN AND BEYOND THE MUSEUM WALLS. WE STRIVE TO EMPOWER AND INSPIRE LEARNERS OF ALL AGES AND BACKGROUNDS TO INVESTIGATE CHICAGO'S RICH HISTORIES AND NURTURE THEIR CURIOSITY AND POTENTIAL TO BE ACTIVE HISTORY MAKERS. THROUGH RICH AND DIVERSE EDUCATIONAL EXPERIENCES AND PROGRAMS, WE HOPE TO INSPIRE LIFELONG LEARNING AND CONTRIBUTE TO SHAPING AN URBAN SOCIETY THAT IS INCLUSIVE, EMPATHETIC, AND AWARE OF ITS POWER TO LEARN FROM AND MAKE HISTORY AND INFLUENCE POSITIVE CHANGE FOR FUTURE GENERATIONS. IN FY22, A SET OF KEY PROGRAMMING AND LEARNING GUIDELINES WAS ESTABLISHED TO ENSURE DEPARTMENTAL LEARNING WAS IN ALIGNMENT WITH CHM'S INSTITUTIONAL MISSION, CONTEMPORARY MUSEUM LEARNING DISCOURSE, AND THE NUANCED NEEDS OF THE GROUPS THE DEPARTMENT SERVES. THESE GUIDELINES REQUIRED PROGRAMMING TO BE LEARNER-CENTERED, CULTURALLY RESPONSIVE, INQUIRY AND CIVIC-MINDED, AND ACTIVELY ANTI-RACIST; ALLOWING AUDIENCES TO SEE THEMSELVES IN HISTORY AND MAKE MEANINGFUL CONNECTIONS TO THEIR LIVES AND CHICAGO.
COLLECTIONS AND RESEARCH CHM HOUSES A PREMIER COLLECTION, ESTIMATED AT 25 MILLION OBJECTS, DOCUMENTS AND IMAGES, INCLUDING AN UNPARALLELED SET OF MATERIALS PERTAINING TO ABRAHAM LINCOLN; ONE OF THE LARGEST AND MOST SIGNIFICANT COSTUME COLLECTIONS IN THE WORLD; THE HEDRICH BLESSING ARCHITECTURE PHOTOGRAPHY COLLECTION; THE PHOTO MORGUES OF THE CHICAGO DAILY NEWS AND THE CHICAGO SUN-TIMES NEWSPAPERS; COLOR WORKS BY VIVAN MAIER; AND THE COMPLETE LIBRARY OF STUDS TERKEL'S WFMT INTERVIEWS. CHM SEEKS TO MAXIMIZE THE DISCOVERABILITY OF ITS COLLECTIONS, MAKING PRIMARY SOURCE MATERIAL AVAILABLE TO RESEARCHERS. OUR ONSITE VEHICLE FOR PUBLIC ACCESS IS THE RESEARCH CENTER, A NON-CIRCULATING LIBRARY OF PUBLICATIONS, IMAGES, DOCUMENTS, AND ARTIFACTS, WHICH SERVED NEARLY 4,000 PATRONS IN 2021. CHM'S WEBSITE INTRODUCES HUNDREDS OF THOUSANDS OF ANNUAL ONLINE VISITORS TO COLLECTION HOLDINGS AND OFFERS ACCESS TO ITS RESEARCH CENTER STAFF, WHO ADDRESS RESEARCH INQUIRIES. THE RESEARCH CENTER ALSO HOSTS HUNDREDS OF HISTORY DAY STUDENTS EVERY SEASON, WHO VISIT TO CONDUCT RESEARCH ON THEIR SELECTED TOPICS.
EXHIBITIONS CHM SHARES CHICAGO'S STORIES, ENABLING VISITORS TO EXPLORE HISTORICAL THEMES AND EVENTS AND REFLECT ON THE CITY'S DIVERSE COMMUNITIES. CHM EXHIBITS PHOTOS, VIDEOS, ARTIFACTS, AND INTERACTIVE DISPLAYS THAT CONNECT AUDIENCES TO HISTORY. EXHIBITS ARE DESIGNED, FABRICATED, AND INSTALLED ACCORDING TO NATIONAL INDUSTRY BEST PRACTICES AND WITH AN EYE FOR INNOVATIVE METHODS OF INTERPRETATION. IN ADDITION TO MAINTAINING PERMANENT EXHIBITIONS SUCH AS THE LANDMARK CHICAGO: CROSSROADS OF AMERICA, FACING FREEDOM, AND SENSING CHICAGO, CHM OFFERED SEVERAL TEMPORARY EXHIBITIONS IN 2022. THEY INCLUDE REMEMBERING DR. KING: 1929-1968; MILLIONS OF MOMENTS: THE CHICAGO SUN-TIMES PHOTO ARCHIVE; VIVIAN MAIER: IN COLOR; AND CITY ON FIRE: CHICAGO 1871, AND TREASURED TEN: SELECTIONS FROM THE COSTUME COLLECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Lassere President And CEO | 35 | $311,699 | |
John Russick Senior Vice President | Officer | 35 | $177,041 |
Cheryl Obermeyer Vice President Of Finance | Officer | 35 | $171,849 |
Michael Anderson Director Institutional Advancement, Major Gifts | Officer | 35 | $142,805 |
Thema Mcdonald Vice President Of Marketing & Communications | Officer | 35 | $140,756 |
Shatierra Parks Senior Director Of Human Resources | Officer | 35 | $115,741 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chicago Scenic Studios Outdoor Display | 6/29/22 | $366,846 |
Featherstone Inc Construction Services | 6/29/22 | $431,250 |
Moore Landscaping Landscaping Services | 6/29/22 | $766,941 |
Wisconsin Lift Truck Collection Storage System | 6/29/22 | $815,631 |
Scale Construction Masonry For Plaza Replacement | 6/29/22 | $410,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $642,511 |
| Fundraising events | $899,620 |
| Related organizations | $0 |
| Government grants | $4,635,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,206,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,384,767 |
| Total Program Service Revenue | $1,895,200 |
| Investment income | $157,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$100,173 |
| Net Gain/Loss on Asset Sales | $3,701,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,038,485 |
| 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. | $811,290 |
| Compensation of current officers, directors, key employees. | $662,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,003,783 |
| Pension plan accruals and contributions | $88,642 |
| Other employee benefits | $526,847 |
| Payroll taxes | $379,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,980 |
| Fees for services: Accounting | $43,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $458,672 |
| Fees for services: Other | $596,611 |
| Advertising and promotion | $535,126 |
| Office expenses | $599,533 |
| Information technology | $181,800 |
| Royalties | $0 |
| Occupancy | $753,175 |
| Travel | $9,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,612 |
| Interest | $2,058,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,907,956 |
| Insurance | $220,251 |
| All other expenses | $0 |
| Total functional expenses | $15,016,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,573,705 |
| Pledges and grants receivable | $3,159,920 |
| Accounts receivable, net | $1,693,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,000,000 |
| Inventories for sale or use | $41,350 |
| Prepaid expenses and deferred charges | $30,288 |
| Net Land, buildings, and equipment | $32,542,639 |
| Investments—publicly traded securities | $49,670,807 |
| Investments—other securities | $28,400,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,319,337 |
| Total assets | $127,431,701 |
| Accounts payable and accrued expenses | $1,106,426 |
| Grants payable | $0 |
| Deferred revenue | $514,723 |
| Tax-exempt bond liabilities | $50,474,927 |
| 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 | $10,472,749 |
| Total liabilities | $62,568,825 |
| Net assets without donor restrictions | $44,138,136 |
| Net assets with donor restrictions | $20,724,740 |
| 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 | $127,431,701 |