Floating Museum Nfp
- Assets
- $77.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2017
- Data as of
- 12/2020
- EIN
- 81-3014324
Organization Overview
Floating Museum Nfp is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (A51) the organization is classified as: Art 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. Floating Museum Nfp 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 12/2020, Floating Museum Nfp generated $117.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $47.4k during the year ending 12/2020. While expenses have increased by 22.7% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO PROMOTE PUBLIC APPRECIATION FOR THE ARTS BY (I) CONSTRUCTING AND OPERATING ONE OR MORE FLOATING MUSEUMS OR OTHER MOBILE PLATFORMS FOR DELIVERING ART AND CULTURE TO NON-TRADTIIONAL AND UNDERSERVED GROUPS AND LOCATIONS; (II) PROVIDING TRANSPORTABLE EXHIBITION, PERFORMANCE AND WORKSHOP SPACE THAT CAN BE USED BY DIVERSE NEIGHBORHOODS AND COMMUNITIES FOR THE PURPOSE OF CULTURAL EXCHANGE AND EDUCATION, AND (III) INTEGRATING ART, ARCHITECTURE AND PUBLIC INSTITUTIONS IN INNOVATIVE MODELS FOR MAKING ART MORE ACCESSIBLE, INTERACTIVE AND COLLABORATIVE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremiah Hulsebos-Spofford Director | 40 | $5,000 | |
Andrew Schachman Director | 40 | $5,000 | |
Faheem Majeed Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,047 |
| Total Program Service Revenue | $504 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,551 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $36,287 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,132 |
| Total expenses | $47,419 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,034 |
| Other assets | $0 |
| Total assets | $77,534 |
| Total liabilities | $0 |
| Net assets or fund balances | $77,534 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Floating Museum Nfp has recieved totaling $80,500.
| Awarding Organization | Amount |
|---|---|
Builders Initiative Bentonville, AR PURPOSE: CRITICAL DISTANCE | $50,000 |
Joyce Foundation Chicago, IL PURPOSE: CULTURE | $30,000 |
Gary And Denise Gardner Family Foundation Chicago, IL PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Fort Wayne Museum Of Art Inc Fort Wayne, IN | $14,143,825 | $4,976,518 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |
Springfield Art Association Of Edwards Place Springfield, IL | $2,184,986 | $1,710,598 |
Cedar Rapids Museum Of Art Cedar Rapids, IA | $10,975,724 | $1,897,118 |
River Music Experience Davenport, IA | $3,858,577 | $1,649,242 |
Charlotte Street Foundation Kansas City, MO | $10,563,973 | $1,645,479 |
South Bend Museum Of Art Inc South Bend, IN | $2,880,616 | $3,203,304 |