Polish Museum Of America
- Assets
- $1.9m
- Revenue
- $920.2k
- Investments
- $1.0m
- Employees
- 14
- Location
- Chicago, IL
- Founding
- 06/1943
- Data as of
- 12/2022
- EIN
- 51-0210113
Organization Overview
Polish Museum Of America is located in Chicago, IL. The organization was established in 1943. 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, Polish Museum Of America employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polish Museum Of America 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, Polish Museum Of America generated $920.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $775.3k during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A MUSEUM CONTAINING MATERIALS PERTAINING TO POLAND AND THE POLISH-AMERICAN COMMUNITY IN ORDER TO BENEFIT CURRENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
OPERATION OF THE MUSEUM AND LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Robaczewski Chairman | Officer | 2 | $0 |
Micheline Jaminksi Vice Chair | Officer | 2 | $0 |
Virginia Cudecki Director | Trustee | 2 | $0 |
Marek Kowalczyk Director | Trustee | 2 | $0 |
Anna Sokolowski Director | Trustee | 2 | $0 |
Stephen Kusmierczak Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,092 |
| Fundraising events | $0 |
| Related organizations | $85,000 |
| Government grants | $243,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,055 |
| Total Program Service Revenue | $6,021 |
| Investment income | $24,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,649 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $207,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,780 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,167 |
| 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 | $307,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,076 |
| Payroll taxes | $22,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,732 |
| Advertising and promotion | $21,579 |
| Office expenses | $24,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,101 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,078 |
| Insurance | $25,210 |
| All other expenses | $36,110 |
| Total functional expenses | $775,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $821,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,233 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,011,111 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,875,146 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,809,903 |
| Net assets with donor restrictions | $65,243 |
| 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 | $1,875,146 |