Patrons Of The Arts In The Vatican Museums North American Services
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1045934
Organization Overview
Patrons Of The Arts In The Vatican Museums North American Services is located in Chicago, IL. The organization was established in 2019. 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 12/2021, Patrons Of The Arts In The Vatican Museums North American Services employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patrons Of The Arts In The Vatican Museums North American Services 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 12/2021, Patrons Of The Arts In The Vatican Museums North American Services generated $1.9m in total revenue. All expenses for the organization totaled $881.1k during the year ending 12/2021. While expenses have increased by 97.4% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS PROVIDING COUNSEL, ADVICE, ORGANIZATIONAL AND OPERATIONAL ASSISTANCE TO REGIONAL CHAPTERS OF PATRONS OF THE ARTS IN VATICAN MUSEUMS FURTHERANCE OF THE MISSION OF CONSERVING, RESTORING, PROMOTING AND EXHIBITING THE TREASURERS OF ART IN VATICAN MUSEUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING COUNSEL, ADVICE AND ASSISTANCE TO REGIONAL CHAPTERS OF PATRONS IN THE ARTS IN VATICAN MUSEUMS
PRESERVATION AND RESTORATION OF ART IN VATICAN MUSEUMS
INSIDER COURSE IS A FOUR-SEMESTER COURSE TO TAKE YOU BEHIND THE SCENES TO EXPLORE THE HISTORY OF PROVENANCE, PATRONAGE, AND RESTORATION OF THE VATICAN MUSEUM COLLECTION. THE COURSE STARTED OCTOBER 2020 AND IS SET TO END JUNE 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
FR Kevin Lixey President | OfficerTrustee | 2 | $0 |
James Low Secretary (term 11-2021) | OfficerTrustee | 2 | $0 |
Anthony Mclaughlin Secretary | OfficerTrustee | 2 | $0 |
Anne Shea Treasurer | OfficerTrustee | 8 | $0 |
Rev Msgr Terence Hogan Director | Trustee | 2 | $0 |
Debra Mauro Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,020 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,636,876 |
| Noncash contributions included in lines 1a–1f | $148,425 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,697,896 |
| Total Program Service Revenue | $198,407 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,896,403 |
| 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 | $98,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,665 |
| Fees for services: Accounting | $17,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,017 |
| Advertising and promotion | $0 |
| Office expenses | $17,617 |
| Information technology | $16,167 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,461 |
| All other expenses | $0 |
| Total functional expenses | $881,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,263 |
| Savings and temporary cash investments | $247,984 |
| Pledges and grants receivable | $263,266 |
| Accounts receivable, net | $19,075 |
| 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 | $10,337 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,219,925 |
| Accounts payable and accrued expenses | $11,381 |
| Grants payable | $0 |
| Deferred revenue | $21,748 |
| 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 | $24,188 |
| Total liabilities | $57,317 |
| Net assets without donor restrictions | $316,636 |
| Net assets with donor restrictions | $845,972 |
| 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 | $1,219,925 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Patrons Of The Arts In The Vatican Museums North American Services has recieved totaling $112,500.
| Awarding Organization | Amount |
|---|---|
Brown Foundation Inc Houston, TX PURPOSE: "SAINT GEORGE SLAYS THE DRAGON" RESTORATION | $55,000 |
Brown Foundation Inc Houston, TX PURPOSE: "SAINT GEORGE SLAYS THE DRAGON" RESTORATION | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,000 |
Brown Foundation Inc Houston, TX PURPOSE: "SAINT GEORGE SLAYS THE DRAGON" RESTORATION | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |