Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $914,118

• 1c · Fundraising events

  $394,028

• 1e · Government grants (contributions)

  $939,821

• 1f · All other contributions, gifts and grants

  $1,992,469

• 1g · Noncash contributions included above

  $23,134

• 2a · Program service revenue: TOUR SALES

  total $16,209,672 · related or exempt $16,209,672

• 2b · Program service revenue: ADMISSIONS

  total $378,388 · related or exempt $378,388

• 2c · Program service revenue: PROGRAM FEES

  total $64,719 · related or exempt $64,719

• 3 · Investment income

  total $33,257 · excluded $33,257

• 5 · Royalties

  total $1,350 · excluded $1,350

• 6a · Gross rents

  real property $71,570

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $71,570

• 6d · Net rental income or loss

  total $71,570 · excluded $71,570

• 7a · Gross sales of assets other than inventory

  securities $12,335

• 7b · Less cost or other basis and sales expenses

  securities $12,313

• 7c · Gain or loss

  securities $22

• 7d · Net gain or loss

  total $22 · excluded $22

• 8a · Fundraising events: gross income

  $86,700

• 8a · Fundraising events: contributions included on line 1c

  $394,028

• 8b · Fundraising events: direct expenses

  $254,026

• 8c · Net income from fundraising events

  total -$167,326 · excluded -$167,326

• 10a · Gross sales of inventory

  $446,021

• 10b · Cost of goods sold

  $180,312

• 10c · Net income from sales of inventory

  total $265,709 · related or exempt $263,160 · unrelated business $2,549

• 11a · Other revenue: OPERATING- MISCELLANEOUS REVENUE

  total $7,216 · excluded $7,216

• 11e · Other revenue, total

  $7,216

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $28,045 · program services $28,045

• 5 · Compensation of officers, directors and key employees

  total $1,214,307 · program services $406,039 · management and general $624,295 · fundraising $183,973

• 7 · Other salaries and wages

  total $3,060,786 · program services $1,988,779 · management and general $538,612 · fundraising $533,395

• 8 · Pension plan contributions

  total $166,996 · management and general $166,996

• 9 · Other employee benefits

  total $341,856 · program services $414,577 · management and general -$196,518 · fundraising $123,797

• 10 · Payroll taxes

  total $320,122 · management and general $320,122

• 11c · Fees: accounting

  total $53,890 · management and general $53,890

• 11g · Fees: other

  total $1,376,726 · program services $809,202 · management and general $547,845 · fundraising $19,679

• 12 · Advertising and promotion

  total $437,463 · program services $437,463

• 13 · Office expenses

  total $47,820 · program services $18,758 · management and general $28,265 · fundraising $797

• 14 · Information technology

  total $330,124 · program services $45,559 · management and general $284,565

• 15 · Royalties

  total $9,250 · program services $9,250

• 16 · Occupancy

  total $1,197,839 · program services $868,614 · management and general $200,073 · fundraising $129,152

• 17 · Travel

  total $90,648 · program services $47,154 · management and general $20,307 · fundraising $23,187

• 19 · Conferences, conventions and meetings

  total $41,579 · program services $36,673 · management and general $3,215 · fundraising $1,691

• 20 · Interest

  total $63,595 · management and general $63,595

• 22 · Depreciation, depletion and amortization

  total $983,714 · program services $11,284 · management and general $972,430

• 23 · Insurance

  total $83,832 · management and general $83,832

• 24a · Other expenses: PROGRAM TRANSPORTATION

  total $10,156,621 · program services $10,156,621

• 24b · Other expenses: OTHER EXPENSES

  total $1,533,604 · program services $549,129 · management and general $190,791 · fundraising $793,684

• 24c · Other expenses: PRINTING/PHOTOCOPY

  total $152,401 · program services $42,878 · management and general $749 · fundraising $108,774

• 24d · Other expenses: HONORARIUM

  total $60,215 · program services $60,215

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,600,841 · end of year $2,476,837

• 2 · Savings and temporary cash investments

  beginning of year $2,035,373 · end of year $2,066,969

• 3 · Pledges and grants receivable

  beginning of year $1,369,826 · end of year $1,967,647

• 4 · Accounts receivable

  beginning of year $706,806 · end of year $28,225

• 8 · Inventories for sale or use

  beginning of year $84,384 · end of year $215,794

• 9 · Prepaid expenses and deferred charges

  beginning of year $312,927 · end of year $262,870

• 10a · Land, buildings and equipment: cost or other basis

  $13,644,664

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,933,728

• 10c · Land, buildings and equipment, net

  beginning of year $9,524,522 · end of year $8,710,936

• 11 · Investments: publicly traded securities

  beginning of year $104,821 · end of year $86,322

• 15 · Other assets

  beginning of year $1,716,823 · end of year $14,208,111

• 17 · Accounts payable and accrued expenses

  beginning of year $463,901 · end of year $536,872

• 19 · Deferred revenue

  beginning of year $84,019 · end of year $57,999

• 23 · Secured mortgages and notes payable

  beginning of year $2,096,418 · end of year $1,918,702

• 25 · Other liabilities

  beginning of year $4,068,103 · end of year $16,432,836

• 27 · Net assets without donor restrictions

  beginning of year $10,070,490 · end of year $9,765,774

• 28 · Net assets with donor restrictions

  beginning of year $1,673,392 · end of year $1,311,528

The filer's explanations (Part III)

PART I, LINE 1A

THE CHICAGO ARCHITECTURE FOUNDATION PAYS FOR THE CEO'S MONTHLY DUES TO THE UNIVERSITY CLUB, WHICH IS A MEMBERSHIP ORGANIZATION THAT IS USED FOR BUSINESS MEETINGS, LUNCHES FOR PROSPECTIVE DONORS, AND EVENTS ON THE BEHALF OF CAC.

PART I, LINE 7

THE CEO RECEIVED A DISCRETIONARY BONUS THAT WAS APPROVED BY THE COMPENSATION COMMITTEE. THE CHIEF OPERATING OFFICER, VICE PRESIDENT OF OPERATIONS, AND DIRECTOR OF HUMAN RESOURCES RECIEVED A BONOUS BASED ON ANNUAL PERFORMANCE.