EIN 36-2167725

Art Institute of Chicago (AIC)

IRS 501(c) type
501(c)(3)
Num. employees
3,517
Year formed
1879
Most recent tax filings
2023-06-01
NTEE code, primary
Description
The Art Institute of Chicago (AIC) is an encyclopedic art museum located in Chicago's Grant Park. It features a collection of Impressionist and Post-Impressionist art in its permanent collection.
Total revenues
$359,509,602
2023
Total expenses
$339,959,523
2023
Total assets
$1,886,077,791
2023
Num. employees
3,517
2023

Program areas at AIC

The school of The Art Institute of Chicago (saic) is an accredited college of Art and design offering undergraduate, graduate, and post-baccalaureate degree programs for studio artists, Art educators, Art therapists, designers, writers, and Art historians. Saic's fine arts graduate program is ranked number two in The nation by u.s. news and world report, and The school offers world-class resources including The Art Institute of Chicago museum, on-campus galleries, and state-of-the-art facilities. In fiscal year 2023, average academic year full-time-equivalent enrollment of degree-seeking students was 3,402 with international students from 86 countries
The Art Institute of Chicago shares its singular collections with our city and The world. We collect, care for, and interpret works of Art across time, cultures, geographies, and identities, centering The vision of artists and makers. We recognize that all Art is made in a particular context, demanding continual, dynamic reconsideration in The present. We are a place of gathering; we foster The exchange of ideas and inspire an expansive, inclusive understanding of human creativity. The museum achieves this through building and stewarding its renowned permanent collection, producing educational programming around The collection with performances, and other special events, and presenting world class exhibitions highlighting both its collection and objects loaned from other institutions. In fy23, featured exhibitions included "david hockney: The arrival of spring, normandy, 2020", "The language of beauty in african Art", "salvador dali: The image disappears", and "gio swaby: fresh up".

Who funds Art Institute of Chicago (AIC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cy Twombly FoundationNon-Cash Donation of Art for Exhibition Support$4,000,000
John D and Alexandra Nichols Family FoundationUnrestricted$3,275,000
National Philanthropic TrustCulture & Arts$3,161,455
...and 311 more grants received totalling $28,968,038

Personnel at AIC

NameTitleCompensation
Evelyn JeffersChief Operating Officer , Museum / Vice President for Museum Development$628,680
Eugene AdamsVice President of Is and Chief Information Officer$244,548
Denise BanksChief Human Resources Officer$179,428
Amy AllenVice President , Engagement , Museum$323,686
Kathryn RahnVice President , Marketing and Communications , Museum$239,142
...and 16 more key personnel

Financials for AIC

RevenuesFYE 06/2023
Total grants, contributions, etc.$51,858,370
Program services$217,491,387
Investment income and dividends$21,945,605
Tax-exempt bond proceeds$0
Royalty revenue$71,744
Net rental income$157,768
Net gain from sale of non-inventory assets$61,309,678
Net income from fundraising events$318,860
Net income from gaming activities$0
Net income from sales of inventory$4,726,415
Miscellaneous revenues$1,629,775
Total revenues$359,509,602

Form 990s for AIC

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-03990View PDF
2022-062023-05-11990View PDF
2021-062022-07-11990View PDF
2020-062021-05-26990View PDF
2019-062020-09-04990View PDF
...and 9 more Form 990s
Data update history
August 25, 2024
Received grants
Identified 95 new grant, including a grant for $1,619,817 from Robert Allerton Trust Under Will Dated April 15 1964
August 2, 2024
Updated personnel
Identified 10 new personnel
July 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 12, 2024
Used new vendors
Identified 1 new vendor, including
May 17, 2024
Received grants
Identified 1 new grant, including a grant for $60,000 from The Colburn Foundation
Nonprofit Types
SchoolsArts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsPolitical advocacyLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
111 S Michigan Ave
Chicago, IL 60603
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
artic.edu 
Phone
(312) 443-3600
Facebook page
artic 
Twitter profile
@artinstitutechi 
IRS details
EIN
36-2167725
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1879
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A51: Art Museums
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Revoked
AG Registration Number
CT0155485
FTB Entity ID
3283608
AB 488 data last updated ("as-of") date
2024-10-16
Free account sign-up

Want updates when AIC has new information, or want to find more organizations like Art Institute of Chicago (AIC)?

Create free Cause IQ account