Otho S A Sprague Memorial Institute
- Assets
- $50.2m
- Revenue
- $3.3m
- Investments
- $47.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 36-6068723
Organization Overview
Otho S A Sprague Memorial Institute is located in Chicago, IL. The organization was established in 1942. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Otho S A Sprague Memorial Institute 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 12/2021, Otho S A Sprague Memorial Institute generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Otho S A Sprague Memorial Institute has awarded 97 individual grants totaling $8,865,453. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $169 |
| Interest on Savings | $291 |
| Dividends & Interest | $1,075,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,185,613 |
| Capital Gain Net Income | $2,185,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,261,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,310 |
| Total operating and administrative expenses | $295,446 |
| Contributions, gifts, grants paid | $1,469,608 |
| Total expenses and disbursements | $1,765,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,279,909 |
| 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 | $0 |
| Total assets | $50,228,527 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Otho S A Sprague Memorial Institute has awarded $1,469,608 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UIC SCHOOL OF PUBLIC HEALTH PURPOSE: PROGRAM SUPPORT | $376,136 |
Chicago, IL PURPOSE: PROGRAM SUPPORT | $325,000 |
ILLINOIS CHAPTER OF THE AMERICAN ACADEMY OF PEDIATRICS PURPOSE: PROGRAM SUPPORT | $175,000 |
Chicago, IL PURPOSE: PROGRAM SUPPORT | $150,000 |
Chicago, IL PURPOSE: PROGRAM SUPPORT | $132,267 |
Chicago, IL PURPOSE: PROGRAM SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |
National Society Of The Sons Of The American Revolution Louisville, KY | $16,631,721 | $2,986,592 |
Otho S A Sprague Memorial Institute Chicago, IL | $50,228,527 | $3,261,875 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |