Institute Museum Inc
- Assets
- $1.9m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 36-3858489
Organization Overview
Institute Museum Inc is located in Chicago, IL. The organization was established in 1994. 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. Institute Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ACTIVITY OF THE ORGANIZATION IS TO PROVIDE TO THE GENERAL PUBLIC A TOUR AND A BRIEF HISTORICAL ACCOUNT OF HEALTH, FITNESS AND SPORT. THIS IS DONE USING A WORLD-WIDE COLLECTION OF ARTWORK AND ARTIFACTS DIRECTLY RELATING TO HEALTH, FITNESS AND SPORT. IN ADDITION, IT PROVIDES INFORMATION CONCERNING RELIGION AND HOW IT HAS PLAYED A PART IN PHYSICAL ENDEAVORS: FOR EXAMPLE: THE COLLECTION INCLUDES TEMPLE PIECES THAT WERE PRESENT DURING THE DEVELOPMENT OF THE FIGHTING MARTIAL ARTS (I.E. KARATE, KUNG FU, ETC.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Berman Director | 1 | $0 | |
Ronald Klatz Vice President/director | 2 | $0 | |
Robert Goldman President/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $0 |
| 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 | $15 |
| Total operating and administrative expenses | $15 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,516 |
| 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 | $1,897,700 |
| Total assets | $1,899,216 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $12,505 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,505 |
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