Joliet Area Historical Museum

Organization Overview

Joliet Area Historical Museum is located in Joliet, IL. The organization was established in 2000. 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, Joliet Area Historical Museum employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joliet Area Historical Museum 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, Joliet Area Historical Museum generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AWARENESS OF AND APPRECIATION FOR THE JOLIET AREA'S HISTORY AND DIVERSE CULTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MUSEUM CONTINUES TO ACHIEVE AND GROW IN LOCAL AND INTERNATIONAL AWARENESS. THE MUSEUM CONTINUES TO ENCOURAGE PEOPLE OF ALL AGES TO DISCOVER, UNDERSTAND AND CELEBRATE THE AREA'S HERITAGE AND BOUNDLESS FUTURE.


THE OLD JOLIET PRISON PROJECT INVOLVED THE MUSEUM TAKING DAY-TO-DAY RESPONSIBILITY FOR TOURS AT THE FORMER ILLINOIS STATE PENITENTIARY SITE AFTER YEARS OF ASSESSING FEASIBILITY AND DETERMINING GREAT PUBLIC INTEREST IN THE HISTORIC SITE. THESE TOURS HAVE OFFERED A NEW AND VIBRANT REVENUE STREAM TO UNDERWRITE ORGANIZATIONAL OPERATIONS. THE MUSEUM HAS ALSO COMMITTED TO HOLDING OCCASSIONAL SPECIAL EVENTS TO RAISE FUNDS SPECIFICALLY TO BE USED TO SECURE AND STABILIZE THE PROPERTY AS TO FURTHER MONETIZE IT. THE MUSEUM EXECUTED A MEMORANDUM OF UNDERSTANDING WITH THE CITY OF JOLIET, WHO ACTS AS AN UNENCUMBERED LESSEE AT THE SITE, OWNED BY THE STATE OF ILLINOIS, WHICH OUTLINES SPECIFIC ROLES AND RESPONSIBILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory Peerbolte
Executive Director
$91,800
Don Govani
Vice President
$0
Dale Evans
Treasurer
$0
Quinn Adamowski
President
$0
Tyler Marcum
Secretary
$0
Tom Mahalik
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $551,234
All other contributions, gifts, grants, and similar amounts not included above$89,315
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$640,549
Total Program Service Revenue$49,528
Investment income $3,106
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $166,723
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $260,519
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $31,789
Miscellaneous Revenue$0
Total Revenue $1,152,214

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Joliet Area Historical Museum has recieved totaling $50.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$312,011
Ending Balance$312,011

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