Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $845,469

• 1c · Fundraising events

  $296,524

• 1e · Government grants (contributions)

  $395,352

• 1f · All other contributions, gifts and grants

  $1,388,526

• 1g · Noncash contributions included above

  $60,431

• 2a · Program service revenue: TOUR SALES

  total $12,746,846 · related or exempt $12,746,846

• 2b · Program service revenue: ADMISSIONS

  total $262,830 · related or exempt $262,830

• 2c · Program service revenue: PROGRAM FEES

  total $70,628 · related or exempt $70,628

• 3 · Investment income

  total $92,913 · excluded $92,913

• 5 · Royalties

  total $1,878 · excluded $1,878

• 7a · Gross sales of assets other than inventory

  securities $763,431

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

  securities $763,431

• 7c · Gain or loss

  securities $0

• 8a · Fundraising events: gross income

  $61,050

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

  $296,524

• 8b · Fundraising events: direct expenses

  $242,681

• 8c · Net income from fundraising events

  total -$181,631 · excluded -$181,631

• 10a · Gross sales of inventory

  $631,071

• 10b · Cost of goods sold

  $288,981

• 10c · Net income from sales of inventory

  total $342,090 · related or exempt $340,562 · unrelated business $1,528

• 11a · Other revenue: OPERATING- MISCELLANEOUS REVENUE

  total $11,463 · excluded $11,463

• 11e · Other revenue, total

  $11,463

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $23,177 · program services $23,177

• 5 · Compensation of officers, directors and key employees

  total $1,174,055 · program services $158,147 · management and general $758,711 · fundraising $257,197

• 7 · Other salaries and wages

  total $3,864,690 · program services $2,112,019 · management and general $801,794 · fundraising $950,877

• 8 · Pension plan contributions

  total $143,214 · management and general $143,214

• 9 · Other employee benefits

  total $451,458 · program services $243,757 · management and general $95,017 · fundraising $112,684

• 10 · Payroll taxes

  total $340,232 · program services $183,702 · management and general $71,608 · fundraising $84,922

• 11b · Fees: legal

  total $61,227 · management and general $61,227

• 11c · Fees: accounting

  total $59,451 · management and general $59,451

• 11g · Fees: other

  total $1,171,188 · program services $498,244 · management and general $506,701 · fundraising $166,243

• 12 · Advertising and promotion

  total $631,737 · program services $631,737

• 13 · Office expenses

  total $114,477 · program services $58,633 · management and general $9,829 · fundraising $46,015

• 14 · Information technology

  total $609,891 · program services $32,551 · management and general $463,843 · fundraising $113,497

• 16 · Occupancy

  total $1,134,296 · program services $720,629 · management and general $249,928 · fundraising $163,739

• 17 · Travel

  total $121,004 · program services $93,249 · management and general $21,971 · fundraising $5,784

• 19 · Conferences, conventions and meetings

  total $38,359 · program services $28,122 · management and general $5,896 · fundraising $4,341

• 20 · Interest

  total $134,813 · management and general $134,813

• 22 · Depreciation, depletion and amortization

  total $969,128 · program services $115,118 · management and general $854,010

• 23 · Insurance

  total $149,729 · management and general $149,729

• 24a · Other expenses: PROGRAM TRANSPORTATION

  total $7,397,946 · program services $7,397,946

• 24b · Other expenses: EXHIBITION PROGRAM EXPE

  total $366,399 · program services $366,399

• 24c · Other expenses: RETAIL PROGRAM

  total $83,771 · program services $83,771

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,476,837 · end of year $1,383,638

• 2 · Savings and temporary cash investments

  beginning of year $2,066,969 · end of year $1,396,569

• 3 · Pledges and grants receivable

  beginning of year $1,967,647 · end of year $1,594,578

• 4 · Accounts receivable

  beginning of year $28,225 · end of year $65,400

• 8 · Inventories for sale or use

  beginning of year $215,794 · end of year $256,972

• 9 · Prepaid expenses and deferred charges

  beginning of year $262,870 · end of year $153,096

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

  $13,834,811

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

  $5,902,856

• 10c · Land, buildings and equipment, net

  beginning of year $8,710,936 · end of year $7,931,955

• 11 · Investments: publicly traded securities

  beginning of year $86,322 · end of year $103,322

• 15 · Other assets

  beginning of year $14,208,111 · end of year $13,530,265

• 17 · Accounts payable and accrued expenses

  beginning of year $536,872 · end of year $724,243

• 19 · Deferred revenue

  beginning of year $57,999 · end of year $6,695

• 23 · Secured mortgages and notes payable

  beginning of year $1,918,702 · end of year $1,731,292

• 25 · Other liabilities

  beginning of year $16,432,836 · end of year $15,628,438

• 27 · Net assets without donor restrictions

  beginning of year $9,765,774 · end of year $7,688,112

• 28 · Net assets with donor restrictions

  beginning of year $1,311,528 · end of year $637,015

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.