Balzekas Museum Of Lithuanian Culture
- Assets
- $4.7m
- Revenue
- $582.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 01/1967
- Data as of
- 12/2022
- EIN
- 36-6140176
Organization Overview
Balzekas Museum Of Lithuanian Culture is located in Chicago, IL. The organization was established in 1967. 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 12/2022, Balzekas Museum Of Lithuanian Culture employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balzekas Museum Of Lithuanian Culture 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, Balzekas Museum Of Lithuanian Culture generated $582.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $517.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BALZEKAS MUSEUM OF LITHUANIAN CULTURE IS DEDICATED TO THE PERSERVATION AND PERPETUATION OF LITHUANIAN CULTURE. THROUGH OUR EXHIBITS, CLASSES, PROJECTS, & INTERCULTUAL PROGRAMS, WE CELEBRATE THE ACHIEVEMENTS OF LITHUANIAN AMERICANS, THE LITHUANIAN NATION, AND LITHUANIAN COMMUNITIES WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE AN ETHNIC HERITAGE MUSEUM AND PROVIDE EDUCATIONAL PROGRAMMING SUCH AS CLASSES, WORKSHOPS, SEMINARS & INTERCULTURAL EXCHANGES. OUR MUSEUM HOUSES THE LARGEST COLLECTION OF LITHUANIAN CULTURAL ARTIFACTS OUTSIDE OF LITHUANIA AND SERVES 3,000 ACTIVE MEMBERS PLUS NUMEROUS VISITORS. OUR COLLECTIONS, PERIODICALS, AND LIBRARY ARE SOUGHT OUT INTERNATIONALLY FOR SCHOLARLY RESEARCH. AFTER 2 MANDATED PANDEMIC CLOSURES IN 2020, WE ARE PLEASED TO REPORT THAT THE MUSEUM RESUMED IN-PERSON PROGRAMMING INCLUDING ITS ANNUAL AWARD DINNER AND CONCERT IN 2021. HOWEVER, ANNUAL TRIPS TO LITHUANIA WERE STILL SUSPENDED DUE TO COVID-RELATED TRAVEL RESTRICTIONS TO THAT COUNTRY. GENEALOGY RESEARCH SERVICES, LANGUAGE CLASSES, AND BOOK CLUB PRESENTATIONS WERE CONDUCTED BOTH ONLINE AND IN-PERSON. WE RESUMED EXHIBITION TOURS AND CONTINUED DIGITIZING OUR COLLECTIONS, INCLUDING AN EXTENSIVE FILM AND PHOTOGRAPHIC ARCHIVE. WE ALSO PROVIDED SPACE FOR SOCIALLY DISTANCED SENIOR AND YOUTH PROGRAMS IN OUR IMMEDIATE NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sigita Balzekas President | OfficerTrustee | 40 | $0 |
Joseph Katauskas Treasurer | OfficerTrustee | 4 | $0 |
Stanley R Balzekas III Secretary | OfficerTrustee | 8 | $0 |
Rita Janz Director | Trustee | 2 | $0 |
Eleanor Katauskas Director | Trustee | 4 | $0 |
Robert Balzekas Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,866 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,778 |
| Total Program Service Revenue | $52,320 |
| Investment income | $160,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,000 |
| Net Income from Fundraising Events | $13,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,284 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,430 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,753 |
| Office expenses | $7,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,272 |
| Insurance | $36,730 |
| All other expenses | $0 |
| Total functional expenses | $517,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,000 |
| Accounts receivable, net | $3,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,223 |
| Net Land, buildings, and equipment | $44,740 |
| Investments—publicly traded securities | $4,459,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,673,645 |
| Accounts payable and accrued expenses | $17,687 |
| Grants payable | $0 |
| Deferred revenue | $2,460 |
| 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 | $57,573 |
| Total liabilities | $77,720 |
| Net assets without donor restrictions | $4,512,875 |
| Net assets with donor restrictions | $83,050 |
| 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 | $4,673,645 |