Renaissance Society At The University Of Chicago
- Assets
- $9.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Chicago, IL
- Founding
- 05/1953
- Data as of
- 06/2023
- EIN
- 36-6109822
Organization Overview
Renaissance Society At The University Of Chicago is located in Chicago, IL. The organization was established in 1953. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Renaissance Society At The University Of Chicago employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Society At The University Of Chicago 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 06/2023, Renaissance Society At The University Of Chicago generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT CONTEMPORARY ART EXHIBITIONS, EVENTS, AND PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS AND NEW WORK PRODUCTIONS INVITES ARTISTS TO CREATE ART FOR THE ORGANIZATION TO BE DISPLAYED IN THE GALLERY. EXHIBITIONS CAN BE EITHER AN INDIVIDUAL ARTIST OR A GROUP OF ARTISTS. THERE ARE APPROXIMATELY FOUR EXHIBITIONS PER YEAR IN ADDITION TO TWO NEWLY COMMISSIONED PERFORMANCE PROGRAMS. THE FISCAL 2023 EXHIBITIONS WERE A GROUP EXHIBITION CALLED FEAR OF PROPERTY, AS WELL AS EXHIBITIONS BY MAX GUY, ARIA DEAN, AND SHAHRYAR NASHAT.
PUBLICATIONS AND EDITIONS. PUBLICATIONS ARE BOOKS CREATED TO SUPPORT THE ARTISTS EXHIBITING. IN FISCAL 2023 THE RENAISSANCE SOCIETY PRODUCED A BOOK BY KEVIN BEASLEY, DIANE SEVERIN NGUYEN, AND MATTHEW METZGER. THE RENAISSANCE ALSO PRODUCES AND DISTRIBUTES EDITIONS BY CONTEMPORARY ARTISTS, AND HAS SOLD WORKS OF ART. IN FY23 THE RENAISSANCE SOCIETY PRODUCED EDITIONS BY ARIA DEAN, ZGR KAR, AND DIANE SEVERIN NGUYEN.
EDUCATIONAL EVENTS ARE INTENDED TO EDUCATE THE GENERAL PUBLIC AND THE UNIVERSITY OF CHICAGO STUDENTS. 27 EVENTS WERE HELD IN FISCAL 2023 THAT INCLUDED 4 ARTIST TALKS, 5 PANEL DISCUSSIONS, 1 SCREENING, 3 BOOK LAUNCHES, 2 READINGS, 3 CONCERTS, 2 PERFORMANCES, 2 EXHIBITION WALK-THROUGHS, 1 STUDENT OPEN HOUSE, AND 4 OPENING RECEPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myriam Ben Salah Executive Director | Officer | 40 | $214,823 |
Jessica Cochran Deputy Director | Officer | 40 | $103,051 |
Yto Barrada Board Member | Trustee | 2 | $0 |
Silva Beltrametti Board Member | Trustee | 2 | $0 |
Heiji Choy Black Board Member | Trustee | 2 | $0 |
Marilyn Fields Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $319,194 |
| Related organizations | $0 |
| Government grants | $547,159 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,598 |
| Total Program Service Revenue | $5,142 |
| Investment income | $177,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$119,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,016 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,266,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $357,472 |
| Compensation of current officers, directors, key employees. | $53,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $524,383 |
| Pension plan accruals and contributions | $23,689 |
| Other employee benefits | $57,451 |
| Payroll taxes | $59,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,835 |
| Fees for services: Accounting | $64,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $30,379 |
| Office expenses | $140,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,175 |
| Insurance | $40,346 |
| All other expenses | $12,161 |
| Total functional expenses | $1,775,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,495 |
| Savings and temporary cash investments | $18,190 |
| Pledges and grants receivable | $1,796,812 |
| Accounts receivable, net | $8,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,076 |
| Prepaid expenses and deferred charges | $22,883 |
| Net Land, buildings, and equipment | $7,830 |
| Investments—publicly traded securities | $7,440,057 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,727,397 |
| Accounts payable and accrued expenses | $123,006 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $123,006 |
| Net assets without donor restrictions | $7,969,473 |
| Net assets with donor restrictions | $1,634,918 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,727,397 |