The Richard H Driehaus Museum
- Assets
- $112.0m
- Revenue
- $4.3m
- Investments
- $74.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 36-4339951
Organization Overview
The Richard H Driehaus Museum is located in Chicago, IL. The organization was established in 2000. 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. Richard H Driehaus 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 12/2022, Richard H Driehaus Museum generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MUSEUM AND PRESERVATION OF ARCHITECTURAL ASSETS AND ARTWORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corlis Moody Director | 1 | $0 | |
Sunny Fischer Secretary | 1 | $0 | |
Gary Metzner Director | 1 | $0 | |
Joseph Gromacki Treasurer | 1 | $0 | |
Zachary Lazar Chair | 1 | $0 | |
Meredith Mendes Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Antunovich Associates | 12/30/22 | $51,000 |
Quarles & Brady | 12/30/22 | $105,223 |
Campbell & Company | 12/30/22 | $107,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,185,187 |
| Interest on Savings | $253,269 |
| Dividends & Interest | $684,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $603,672 |
| Capital Gain Net Income | $420,631 |
| Net ST Capital Gain | $149,156 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $86,036 |
| Other Income | $444,505 |
| Total Revenue | $4,257,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $170,000 |
| Other employee salaries and wages | $558,548 |
| Pension plans, employee benefits | $88,216 |
| Interest | $203,124 |
| Taxes | $91,759 |
| Depreciation | $628,983 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $25,975 |
| Other expenses | $1,851,857 |
| Total operating and administrative expenses | $4,292,094 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,292,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,055,097 |
| 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 | $202,626 |
| Prepaid expenses and deferred charges | $140,244 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $74,020,424 |
| Net Land, buildings, and equipment | $33,400,296 |
| Other assets | $144,948 |
| Total assets | $111,963,635 |
| Accounts payable and accrued expenses | $401,056 |
| Grants payable | $0 |
| Deferred revenue | $23,946 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $15,900,000 |
| Other liabilities | $0 |
| Total liabilities | $16,325,002 |