Athenaeum Center For Thought & Culture
- Assets
- $7.1m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-3740683
Organization Overview
Athenaeum Center For Thought & Culture is located in Chicago, IL. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Athenaeum Center For Thought & Culture employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athenaeum Center For Thought & 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, Athenaeum Center For Thought & Culture generated $8.7m in total revenue. All expenses for the organization totaled $2.5m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT THE FINE ARTS, CULTURAL PROGRAMMING, AND SPIRITUAL DEVELOPMENT FOR CATHOLICS AND THE GENERAL PUBLIC IN CHICAGO, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ATHENAEUM CENTER FOR THOUGHT AND CULTURE IS BASED IN A HISTORIC STRUCTURE, THE ATHENAEUM BUILDING, OWNED BY THE ST. ALPHONSUS PARISH IN THE ROMAN CATHOLIC ARCHDIOCESE OF CHICAGO. THE ATHENAEUM BUILDING HOSTS THE PROGRAMMING DESCRIBED IN ACTC'S FORM 1023 AND BYLAWS, INCLUDING LIVE ARTISTIC PERFORMANCES, LECTURES INSPIRED BY CATHOLIC THOUGHT AND TEACHINGS, AND USE BY ST ALPHONSUS PARISHIONERS AND OTHER CATHOLICS FOR SPIRITUAL DEVELOPMENT AND RELIGIOUS RETREATS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Daufenbach Executive Director, Treasurer | OfficerTrustee | 50 | $135,000 |
Katelyn Joy Daufenbach Associate Director | Officer | 40 | $55,000 |
James N Perry Director | Trustee | 1 | $0 |
Anthony Pienta Director, Secretary | Trustee | 1 | $0 |
William O'hara Director | Trustee | 1 | $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 | $6,547,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,547,524 |
| Total Program Service Revenue | $2,008,484 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $105,719 |
| 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 | $41,654 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,705,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $686 |
| 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. | $211,569 |
| Compensation of current officers, directors, key employees. | $211,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,832 |
| Pension plan accruals and contributions | $9,500 |
| Other employee benefits | $36,064 |
| Payroll taxes | $41,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,249 |
| Fees for services: Accounting | $56,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,575 |
| Advertising and promotion | $108,066 |
| Office expenses | $24,664 |
| Information technology | $107,084 |
| Royalties | $0 |
| Occupancy | $98,559 |
| Travel | $3,491 |
| 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 | $143,801 |
| All other expenses | $5,736 |
| Total functional expenses | $2,519,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,231,641 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,768,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,000 |
| Total assets | $7,075,000 |
| Accounts payable and accrued expenses | $11,207 |
| 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 | $11,207 |
| Net assets without donor restrictions | $7,063,793 |
| 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 | $7,075,000 |