Art Institute Of Chicago

Organization Overview

Art Institute Of Chicago is located in Chicago, IL. The organization was established in 1925. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Art Institute Of Chicago employed 3,261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Institute Of Chicago 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 06/2021, Art Institute Of Chicago generated $324.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $290.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ART INSTITUTE OF CHICAGO, A NOT-FOR-PROFIT CORPORATION, IS BOTH A MUSEUM AND AN INSTITUTION OF HIGHER EDUCATION THAT EXISTS TO PROVIDE APPRECIATION AND EDUCATION IN VISUAL FINE ARTS AND DESIGN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SCHOOL OF THE ART INSTITUTE OF CHICAGO (SAIC) IS AN ACCREDITED COLLEGE OF ART AND DESIGN OFFERING UNDERGRADUATE, GRADUATE, AND POST-BACCALAUREATE DEGREE PROGRAMS FOR STUDIO ARTISTS, ART EDUCATORS, ART THERAPISTS, DESIGNERS, WRITERS, AND ART HISTORIANS. SAIC'S FINE ARTS GRADUATE PROGRAM IS RANKED NUMBER TWO IN THE NATION BY U.S. NEWS AND WORLD REPORT, AND THE SCHOOL OFFERS WORLD-CLASS RESOURCES INCLUDING THE ART INSTITUTE OF CHICAGO MUSEUM, ON-CAMPUS GALLERIES, AND STATE-OF-THE-ART FACILITIES. IN FISCAL YEAR 2022, AVERAGE ACADEMIC YEAR FULL-TIME-EQUIVALENT ENROLLMENT OF DEGREE-SEEKING STUDENTS WAS 3,571 WITH INTERNATIONAL STUDENTS FROM 77 COUNTRIES


THE ART INSTITUTE OF CHICAGO SHARES ITS SINGULAR COLLECTIONS WITH OUR CITY AND THE WORLD. WE COLLECT, CARE FOR, AND INTERPRET WORKS OF ART ACROSS TIME, CULTURES, GEOGRAPHIES, AND IDENTITIES, CENTERING THE VISION OF ARTISTS AND MAKERS. WE RECOGNIZE THAT ALL ART IS MADE IN A PARTICULAR CONTEXT, DEMANDING CONTINUAL, DYNAMIC RECONSIDERATION IN THE PRESENT. WE ARE A PLACE OF GATHERING; WE FOSTER THE EXCHANGE OF IDEAS AND INSPIRE AN EXPANSIVE, INCLUSIVE UNDERSTANDING OF HUMAN CREATIVITY. THE MUSEUM ACHIEVES THIS THROUGH BUILDING AND STEWARDING ITS RENOWNED PERMANENT COLLECTION, PRODUCING EDUCATIONAL PROGRAMMING AROUND THE COLLECTION WITH PERFORMANCES, AND OTHER SPECIAL EVENTS, AND PRESENTING WORLD CLASS EXHIBITIONS HIGHLIGHTING BOTH ITS COLLECTION AND OBJECTS LOANED FROM OTHER INSTITUTIONS. IN FY22, FEATURED EXHIBITIONS INCLUDED "BARBARA KRUGER", "ANDRE KERTESZ: POSTCARDS FROM PARIS", "IGSHAAN ADAMS: DESIRE LINES", AND "CEZANNE".


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Vice Chair
$0
Name Not Listed
Chair
$0
Name Not Listed
Vice Chair
$0
Name Not Listed
Treasurer
$0
Name Not Listed
Vice Chair
$0
Name Not Listed
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allied Universal Security
Security Services
$4,858,870
Able Engineering Services Inc
Engineering Services
$4,082,822
Abm Onsite Services- Midwest Inc
Janitorial Services
$2,041,999
Food For Thought Enterprises Inc
Catering
$1,178,975
Old Veteran Construction Inc
Construction
$1,113,816
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$61,766,491
Investment income $8,088,154
Tax Exempt Bond Proceeds $0
Royalties $88,110
Net Rental Income -$410,032
Net Gain/Loss on Asset Sales $61,430,072
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,537,927
Miscellaneous Revenue$0
Total Revenue $324,720,371

Peer Organizations

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Art Institute Of Chicago
Chicago, IL
$324,720,371
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