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← ILLINOIS STATE MUSEUM SOCIETY MUSEUM BUILDING

Form 990 for tax year 2023

Filed by ILLINOIS STATE MUSEUM SOCIETY MUSEUM BUILDING.

Totals

Total revenue
$549,921
Total expenses
$772,549
Contributions and grants received
$423,932
Grants paid
$0
Program service revenue
$34,902
Investment income
$63,042
Other revenue
$28,045
Total assets, end of year
$3,283,102
Total liabilities, end of year
$106,646
Net assets or fund balances, end of year
$3,176,456
Program services expenses (Part IX)
$535,854
Management and general expenses
$211,802
Fundraising expenses
$24,893
Program service expenses (Part III)
$535,854

Program services were 69.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $30,966

  • 1e · Government grants (contributions)

    $267,481

  • 1f · All other contributions, gifts and grants

    $125,485

  • 1g · Noncash contributions included above

    $922

  • 2a · Program service revenue: PROGRAMS

    total $20,357 · related or exempt $20,357

  • 2b · Program service revenue: PROFESSIONAL

    total $14,545 · related or exempt $14,545

  • 3 · Investment income

    total $67,383 · excluded $67,383

  • 7a · Gross sales of assets other than inventory

    securities $369,736

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

    securities $374,077

  • 7c · Gain or loss

    securities -$4,341

  • 7d · Net gain or loss

    total -$4,341 · excluded -$4,341

  • 8a · Fundraising events: gross income

    $4,097

  • 8b · Fundraising events: direct expenses

    $7,880

  • 8c · Net income from fundraising events

    total -$3,783 · excluded -$3,783

  • 10a · Gross sales of inventory

    $67,416

  • 10b · Cost of goods sold

    $36,882

  • 10c · Net income from sales of inventory

    total $30,534 · related or exempt $30,534

  • 11a · Other revenue: MISCELLANEOUS

    total $1,294 · related or exempt $1,294

  • 11e · Other revenue, total

    $1,294

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $82,119 · program services $61,589 · management and general $16,424 · fundraising $4,106

  • 7 · Other salaries and wages

    total $294,838 · program services $221,129 · management and general $58,967 · fundraising $14,742

  • 8 · Pension plan contributions

    total $7,824 · program services $5,868 · management and general $1,565 · fundraising $391

  • 9 · Other employee benefits

    total $40,209 · program services $30,157 · management and general $8,042 · fundraising $2,010

  • 10 · Payroll taxes

    total $29,337 · program services $22,003 · management and general $5,867 · fundraising $1,467

  • 11c · Fees: accounting

    total $79,182 · management and general $79,182

  • 11f · Fees: investment management

    total $10,689 · management and general $10,689

  • 11g · Fees: other

    total $69,597 · program services $69,597

  • 12 · Advertising and promotion

    total $4,154 · program services $3,531 · management and general $623

  • 13 · Office expenses

    total $5,850 · program services $4,973 · management and general $877

  • 14 · Information technology

    total $50,421 · program services $42,858 · management and general $7,563

  • 17 · Travel

    total $36,682 · program services $31,180 · management and general $5,502

  • 22 · Depreciation, depletion and amortization

    total $15,373 · program services $13,067 · management and general $2,306

  • 23 · Insurance

    total $6,098 · management and general $6,098

  • 24a · Other expenses: MISCELLANEOUS

    total $17,684 · program services $17,629 · management and general $55

  • 24b · Other expenses: PRINTING AND POSTAGE

    total $8,987 · program services $4,494 · management and general $4,493

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $2,705 · program services $2,299 · management and general $406

  • 24d · Other expenses: PROGRAMS

    total $2,238 · program services $2,238

  • 24e · All other expenses

    total $8,562 · program services $3,242 · management and general $3,143 · fundraising $2,177

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $845,789 · end of year $545,404

  • 3 · Pledges and grants receivable

    beginning of year $113,619 · end of year $92,418

  • 4 · Accounts receivable

    beginning of year $394

  • 8 · Inventories for sale or use

    beginning of year $79,416 · end of year $73,172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,465 · end of year $10,171

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

    $1,420,792

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

    $1,339,065

  • 10c · Land, buildings and equipment, net

    beginning of year $97,100 · end of year $81,727

  • 11 · Investments: publicly traded securities

    beginning of year $2,198,766 · end of year $2,480,210

  • 15 · Other assets

    beginning of year $1,765 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,694 · end of year $60,040

  • 19 · Deferred revenue

    beginning of year $66,694 · end of year $46,606

  • 27 · Net assets without donor restrictions

    beginning of year $1,587,766 · end of year $1,458,119

  • 28 · Net assets with donor restrictions

    beginning of year $1,616,160 · end of year $1,718,337

Mission and programs · 2023

Mission

THE ILLINOIS STATE MUSEUM SOCIETY, ESTABLISHED IN 1952, IS A CHARITABLE ORGANIZATION RECOGNIZED AS A 501(C)(3) NONPROFIT. IT PLAYS A CRUCIAL ROLE IN SUPPORTING THE ILLINOIS STATE MUSEUM BY PROVIDING FINANCIAL RESOURCES AND ADVOCATING FOR ITS PROGRAMS, EXHIBITIONS, AND OPERATIONS. THE SOCIETY ALSO OFFERS OPPORTUNITIES FOR INDIVIDUALS AND ORGANIZATIONS INTERESTED IN EXPLORING AND RESEARCHING ILLINOIS' CULTURAL AND NATURAL HERITAGE.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL AND RESEARCH PROGRAMS OF THE ILLINOIS STATE MUSEUM SYSTEM. IT PROVIDES THE OPPORTUNITY FOR PEOPLE TO DISCOVER AND EXPERIENCE THE MUSEUM'S DYNAMIC OFFERINGS RELATED TO THE NATURAL AND CULTURAL HERITAGE OF ILLINOIS.

  • THE SOCIETY HAS DEVELOPED A STRONG PARTNERSHIP WITH THE ILLINOIS STATE MUSEUM AND ITS COMMUNITY PARTNERS. IT RUNS A MEMBERSHIP PROGRAM AND BOTH ONLINE AND PHYSICAL RETAIL OPERATIONS. ADDITIONALLY, FUNDING FROM THE SOCIETY SUPPORTS CURATION, DIGITIZATION, EDUCATIONAL PROGRAMMING, AND THE PROMOTION OF THE ILLINOIS STATE MUSEUM SYSTEM.FUNDING FROM GRANTS, FUNDRAISERS, AND INDIVIDUAL DONORS ALLOWS THE MUSEUM TO CREATE NEW EXHIBITIONS EACH YEAR AND HOST COMMUNITY EVENTS LIKE THE ANNUAL DA DE LOS MUERTOS FAMILY DAY AND NOIR ART SHOW. TOGETHER, WE SECURE SIGNIFICANT GRANTS FOR TRANSFORMATIVE PROJECTS, INCLUDING THE 1908 FOOTPRINT AT THE SPRINGFIELD-SANGAMON COUNTY TRANSPORTATION HUB.

    Expenses $405,447 · Revenue $35,764

  • THE SOCIETY MANAGES THE MEMBERSHIP PROGRAM FOR THE ILLINOIS STATE MUSEUM, PROVIDING INDIVIDUALS AND FAMILIES WITH THE OPPORTUNITY TO ENGAGE WITH ILLINOIS' RICH NATURAL AND CULTURAL HERITAGE. MEMBERS RECEIVE INVITATIONS TO EXHIBITION OPENINGS AND SPECIAL EVENTS, ALLOWING THEM TO INTERACT WITH CURATORS, JOIN FIELD TRIPS, AND ENJOY BEHIND-THE-SCENES TOURS FOR A MORE IN-DEPTH EXPLORATION AND UNDERSTANDING OF ILLINOIS' HISTORY.

    Expenses $130,407 · Revenue $30,966

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bryan Finn

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Lisa Stevenson

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Matt Berry

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Dr Lynn Fisher

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Erica Austin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jacob Thornton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ava Carpenter-McPike

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Candice Trees

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amber Lozzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Wiant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ashley Nippert-Yoggerst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lauren Yoggerst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cathy Popovitch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Edginton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jamila Wicks

    EXECUTIVE DIRECTOR

    Total calculated
    $91,875
    From this org
    $82,119
    From related orgs
    $0
    Other
    $9,756
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202510319349300736

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