Insect Asylum Inc
- Assets
- $65.3k
- Revenue
- $246.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 01/2024
- EIN
- 83-0581661
Organization Overview
Insect Asylum Inc, operating under the name The Insect Asylum, is located in Chicago, IL. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science 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. Insect Asylum 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 01/2024, Insect Asylum generated $246.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $208.5k during the year ending 01/2024. While expenses have increased by 19.0% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE INSECT ASYLUM FOSTERS APPRECIATION IN ANIMALS AND THE NATURAL WORLD THROUGH A UNIQUE, IMMERSIVE, AND INCLUSIVE EDUCATIONAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANIMAL EDU: PARTYS, ANIMAL MEET AND GREET EVENTS,MUSEUM EDU TOURS OF LUCCAS BIO HUB ANIMALS.
CLASSES: TAXIDERMY AND OTHER RELATED TO BUGS
ART AND PRODUCTS CENTERED AROUND INSECTS AND SPECIMENS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
India Lasky Vice President | 10 | $0 | |
Nina Salem Presedent | 104 | $0 | |
Christine Sturges Secretary | 5 | $0 | |
Lauren Robinet Vice Chair | 5 | $0 | |
Rosemary Smith Treasurer | 15 | $0 | |
Tammy Perlmutter Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,904 |
| Total Program Service Revenue | $146,532 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,201 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,532 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,169 |
| 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. | $12,930 |
| Compensation of current officers, directors, key employees. | $12,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,453 |
| Advertising and promotion | $5,720 |
| Office expenses | $19,563 |
| Information technology | $723 |
| Royalties | $0 |
| Occupancy | $79,245 |
| Travel | $5,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,221 |
| All other expenses | $0 |
| Total functional expenses | $208,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,488 |
| Savings and temporary cash investments | $0 |
| 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 | $854 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,314 |
| Accounts payable and accrued expenses | $21,874 |
| 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 | $21,874 |
| Net assets without donor restrictions | $43,440 |
| Net assets with donor restrictions | $0 |
| 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 | $65,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Field Museum Of Natural History Chicago, IL | $874,117,562 | $94,095,312 |
Project Exploration Chicago, IL | $396,681 | $1,273,272 |
Ozark Museum Of Natural History Cedar Creek, MO | $613,764 | $841,180 |
Academy Of Science Of St Louis St Louis, MO | $10,025,020 | $579,761 |
Cable Natural History Museum Inc Cable, WI | $7,126,082 | $704,776 |
Warbird Heritage Foundation Waukegan, IL | $191,118 | $486,834 |
Friends Of Garfield Park Inc Indianapolis, IN | $4,215,874 | $2,785,643 |
Insect Asylum Inc Chicago, IL | $65,314 | $246,169 |
Missouri Institute Of Natural Science Springfield, MO | $493,068 | $0 |
Elgin Public Museum Incorporated Elgin, IL | $301,431 | $0 |
Ben E Clement Mineral Museum Inc Marion, KY | $91,531 | $60,838 |
Cambridge Historic School Foundation Inc Cambridge, WI | $156,279 | $43,092 |
Big Sandy Mountain Heritage-History Center Incorporated Pikeville, KY | $120,861 | $0 |
Nigerheritage Foundation Chicago, IL | $13,003 | $5,000 |