Lithuanian Museum Of Art Inc
- Assets
- $67.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lemont, IL
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 36-3646975
Organization Overview
Lithuanian Museum Of Art Inc is located in Lemont, IL. The organization was established in 1989. According to its NTEE Classification (A50) the organization is classified as: 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. Lithuanian Museum Of Art Inc 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 12/2022, Lithuanian Museum Of Art Inc generated $62.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $74.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laima Trinkunas Director | 5 | $0 | |
Ramunas Inokaitis Treasurer | 20 | $0 | |
Virga Rimeika Secretary | 20 | $0 | |
Asta Zimkus President & Chief Executive Officer | 30 | $0 | |
Vida Rimas Director | 5 | $0 | |
Liudas Slenys Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,500 |
| Total Program Service Revenue | $7,898 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,407 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $16,450 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $74,194 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,538 |
| Other assets | $0 |
| Total assets | $67,538 |
| Total liabilities | $0 |
| Net assets or fund balances | $67,538 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lithuanian Museum Of Art Inc has recieved totaling $1,200.
| Awarding Organization | Amount |
|---|---|
Lithuanian Endowment Fund Ltd Oak Lawn, IL PURPOSE: OPERATIONS | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |