Form 990 for tax year 2022

Filed by OXBOW.

Totals

Total revenue: $2,774,424
Total expenses: $3,396,138
Contributions and grants received: $723,555
Grants paid: $97,491
Program service revenue: $1,676,256
Investment income: $284,205
Other revenue: $90,408
Total assets, end of year: $5,900,053
Total liabilities, end of year: $1,104,836
Net assets or fund balances, end of year: $4,795,217
Program services expenses (Part IX): $2,519,373
Management and general expenses: $387,795
Fundraising expenses: $488,970
Program service expenses (Part III): $2,519,373

Program services were 74.2% 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.

1c · Fundraising events

$29,764
1d · Related organizations

$134,232
1e · Government grants (contributions)

$10,000
1f · All other contributions, gifts and grants

$549,559
2a · Program service revenue: NET TUITION & LAB FEES

total $1,247,772 · related or exempt $1,247,772
2b · Program service revenue: ROOM & BOARD

total $388,008 · related or exempt $388,008
2c · Program service revenue: ART ON THE MEADOW

total $26,358 · related or exempt $26,358
2d · Program service revenue: WORKSHOP HOSTING & RENTAL

total $14,118 · related or exempt $14,118
3 · Investment income

total $39,067 · excluded $39,067
6a · Gross rents

real property $28,243
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $28,243
6d · Net rental income or loss

total $28,243 · related or exempt $28,243
7a · Gross sales of assets other than inventory

securities $1,618,397
7b · Less cost or other basis and sales expenses

securities $1,373,259
7c · Gain or loss

securities $245,138
7d · Net gain or loss

total $245,138 · excluded $245,138
8a · Fundraising events: gross income

$19,490
8a · Fundraising events: contributions included on line 1c

$29,764
8b · Fundraising events: direct expenses

$7,474
8c · Net income from fundraising events

total $12,016 · excluded $12,016
10a · Gross sales of inventory

$32,864
10b · Cost of goods sold

$7,685
10c · Net income from sales of inventory

total $25,179 · related or exempt $25,179
11a · Other revenue: MISCELLANEOUS

total $24,970 · related or exempt $24,970
11e · Other revenue, total

$24,970

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $97,491 · program services $97,491
5 · Compensation of officers, directors and key employees

total $193,428 · management and general $193,428
7 · Other salaries and wages

total $1,287,957 · program services $1,058,938 · management and general $51,457 · fundraising $177,562
8 · Pension plan contributions

total $24,792 · program services $11,116 · management and general $3,139 · fundraising $10,537
9 · Other employee benefits

total $117,291 · program services $52,591 · management and general $14,852 · fundraising $49,848
10 · Payroll taxes

total $106,335 · program services $75,256 · management and general $17,792 · fundraising $13,287
11b · Fees: legal

total $10,420 · program services $112 · management and general $1,725 · fundraising $8,583
11c · Fees: accounting

total $27,220 · program services $291 · management and general $4,507 · fundraising $22,422
11f · Fees: investment management

total $16,856 · management and general $16,856
11g · Fees: other

total $18,390 · program services $197 · management and general $3,045 · fundraising $15,148
12 · Advertising and promotion

total $36,938 · program services $36,221 · fundraising $717
13 · Office expenses

total $14,421 · program services $10,917 · management and general $2,245 · fundraising $1,259
14 · Information technology

total $85,849 · program services $78,235 · management and general $3,420 · fundraising $4,194
16 · Occupancy

total $144,291 · program services $111,045 · fundraising $33,246
17 · Travel

total $60,565 · program services $40,406 · management and general $12,529 · fundraising $7,630
20 · Interest

total $20,617 · program services $20,066 · management and general $551
22 · Depreciation, depletion and amortization

total $191,360 · program services $191,360
23 · Insurance

total $104,798 · program services $95,494 · management and general $8,297 · fundraising $1,007
24a · Other expenses: TUITION ALLOWANCE

total $264,016 · program services $264,016
24b · Other expenses: SUPPLIES

total $207,243 · program services $207,037 · management and general $43 · fundraising $163
24c · Other expenses: BENEFIT EVENT EXPENSES

total $106,828 · program services $1,307 · fundraising $105,521
24d · Other expenses: REPAIRS

total $83,136 · program services $83,136
24e · All other expenses

total $175,896 · program services $84,141 · management and general $53,909 · fundraising $37,846

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $74,473 · end of year $65,467
2 · Savings and temporary cash investments

beginning of year $138,193 · end of year $60,323
3 · Pledges and grants receivable

beginning of year $67,263 · end of year $56,631
4 · Accounts receivable

beginning of year $4,005
8 · Inventories for sale or use

beginning of year $6,287 · end of year $6,287
9 · Prepaid expenses and deferred charges

beginning of year $25,395 · end of year $13,786
10a · Land, buildings and equipment: cost or other basis

$7,047,051
10b · Land, buildings and equipment: accumulated depreciation

$3,515,433
10c · Land, buildings and equipment, net

beginning of year $3,702,199 · end of year $3,531,618
11 · Investments: publicly traded securities

beginning of year $2,666,210 · end of year $2,098,419
15 · Other assets

beginning of year $63,744 · end of year $67,522
17 · Accounts payable and accrued expenses

beginning of year $66,852 · end of year $231,448
19 · Deferred revenue

beginning of year $153,735 · end of year $47,740
23 · Secured mortgages and notes payable

beginning of year $350,000 · end of year $785,000
25 · Other liabilities

beginning of year $20,000 · end of year $40,648
27 · Net assets without donor restrictions

beginning of year $3,250,256 · end of year $2,471,458
28 · Net assets with donor restrictions

beginning of year $2,906,926 · end of year $2,323,759

Mission and programs · 2022

Mission

TO CONNECT ARTISTS TO A NETWORK OF CREATIVE PEOPLE, RESOURCES, AND IDEAS; TO AN ENERGIZING NATURAL ENVIRONMENT; AND TO A RICH ARTISTIC HISTORY AND TO A VITAL FUTURE.

OX-BOW OPERATES AN ART SCHOOL, INCLUDING ARTISTS-IN-RESIDENCY PROGRAMS, AND OWNS THE NECESSARY PROPERTY AND BUILDINGS TO CONDUCT THE SAME. OX-BOW WAS FOUNDED IN 1910 BY FREDERICK FURSMAN AND WALTER MARSHALL CLUTE, ARTISTS FROM THE SCHOOL OF THE ART INSTITUTE OF CHICAGO, TO SERVE AS A RESPITE FOR ARTISTS FROM THE INDUSTRIALIZING HAVOC OF CHICAGO. OVER THE PAST 100 YEARS, OX-BOW'S CORE VALUES AND ITS EDUCATIONAL PHILOSOPHY HAVE REMAINED CONSTANT. OX-BOW'S MISSION IS TO CONNECT ARTISTS TO A NETWORK OF CREATIVE PEOPLE, RESOURCES, AND IDEAS; TO AN ENERGIZING NATURAL ENVIRONMENT; AND TO A RICH ARTISTIC HISTORY AND TO A VITAL FUTURE. OX-BOW RECOGNIZES ARTISTS ARE VISIONARIES: THEY CREATE NEW POSSIBILITIES, ADVANCE CULTURE, AND ENABLE OTHERS TO IMAGINE THE UNIMAGINABLE. OUR SCHOOL AND RESIDENCY ARE PROGRAMMED TO SUPPORT AND BUILD ON THOSE SKILLS BY PROVIDING ARTISTS AT ALL STAGES IN THEIR ARTISTIC JOURNEY ACCESS TO A RANGE OF PROGRAMS AND RESOURCES THROUGHOUT THE YEAR, ONLINE AND IN PERSON. AT OX-BOW, A NOURISHED LIFE INCLUDES CONVERSATION, RIGOR, PLAYFULNESS, EXPERIENCING NATURE, IMMERSION INTO A CREATIVE CONTEXT, AND COMMUNALLY ENJOYING DELICIOUS, HEALTHY MEALS. OX-BOW'S STRENGTH IS DRAWN FROM HEALTHY RELATIONSHIPS WITH THE SAUGATUCK/DOUGLAS COMMUNITY, THE SCHOOL OF THE ART INSTITUTE OF CHICAGO, PARTNERS SCHOOLS THROUGHOUT THE UNITED STATES, AND NATIONAL AND INTERNATIONAL ARTISTS AND SUPPORTERS. OX-BOW BELIEVES EXPERIENCING A FLOURISHING NATURAL WORLD INVIGORATES A SENSE OF AWE AND CURIOSITY THAT ENABLES THE CREATIVE SPIRIT.CURRENTLY, OX-BOW'S BOARD OF DIRECTORS IS MADE UP OF 11 INDIVIDUALS. THEIR BACKGROUNDS AND SKILLSETS PROVIDE INSIGHT INTO LAW, ARCHITECTURE, BUSINESS MANAGEMENT AND THE ARTS, WITH 2 MEMBERS REPRESENTING THE SCHOOL OF THE ART INSTITUTE OF CHICAGO. THE BOARD IS PASSIONATE ABOUT OX-BOW AND GOVERNS THE ORGANIZATION ON A VOLUNTEER BASIS. CURRENTLY THE BOARD IS IN A CULTIVATION STAGE, LOOKING TO ONBOARD ANOTHER 6 NEW MEMBERS IN EARLY 2024. INTEGRAL TO THE OX-BOW EXPERIENCE ARE THE DEDICATED STAFF WHO HELP DEFINE THE CHARACTER OF THE ORGANIZATION. OX-BOW HAS BEEN LARGELY ARTIST RUN FOR THE LAST 112 YEARS, WHICH INFUSES THE LEADERSHIP, MAIN OFFICE, KITCHEN, MAINTENANCE, AND HOUSEKEEPING WITH A CREATIVE AND PLAYFUL SENSIBILITY. OX-BOW'S CLASSES ARE TAUGHT BY LOCAL, NATIONAL, OR INTERNATIONAL RENOWNED AND DISTINGUISHED ARTISTS. IN ADDITION TO OUR TALENTED FACULTY, OX-BOW HOSTS A SERIES OF WORLD RENOWNED VISITING ARTISTS, ART HISTORIANS AND CRITICS EACH SUMMER. VISITING ARTISTS GIVE SLIDE PRESENTATIONS OF THEIR WORK, ARE AVAILABLE FOR INDIVIDUAL AND GROUP CRITIQUES, AND VISIT CLASSES TO TALK WITH STUDENTS AND FACULTY. IN 2022 OX-BOW RETURNED TO SOMEWHAT NORMAL OPERATIONS, RUNNING A FULL SLATE OF WINTER (JANUARY) AND SUMMER CLASSES (JUNE-AUGUST). WITH THE EXCEPTION OF REQUIRING A NEGATIVE COVID TEST TO STAY OVERNIGHT ON CAMPUS AND ENCOURAGING MASK WEARING INDOORS DURING HIGH TRANSMISSION PERIODS, CAMPUS LIFE WAS MUCH AS IT HAD BEEN BEFORE THE PANDEMIC. WE WERE, HOWEVER, ADJUSTING TO THE REPERCUSSIONS OF THE PANDEMIC, INCLUDING A HIGHER LIVING WAGE, INFLATION ACROSS OUR OPERATIONS COSTS, STAGNANT ENROLLMENT, AND PATRON ATTRITION. FOLLOWING THE TRENDS OTHER NON-PROFITS AND SCHOOLS ARE EXPERIENCING, THESE EXAMPLES ARE SADLY ON TREND. STUDENTS ARE MORE CAUTIOUS ABOUT NEW EXPERIENCES AND NON-PROFIT GIVING HAS DROPPED SINCE 2020 ACROSS ALL SECTORS. OX-BOW CONTINUES TO LOOK FOR SOLUTIONS TO THESE ISSUES, INCLUDING EXPANDING PUBLIC PROGRAMMING AND RELEASING MORE SCHOLARSHIPS TO ENCOURAGE ENROLLMENT.OVERALL, OX-BOW CONTINUES TO OFFER A TWO-WEEK IN-PERSON INTENSIVE IN JANUARY AND 10-WEEKS OF IN-PERSON LEARNING FROM JUNE-AUGUST. THESE CLASSES ARE OFFERED FOR BOTH CREDIT AND NON-CREDIT, WITH THE MAJORITY OF OUR STUDENTS COMING FROM THE SCHOOL OF ART INSTITUTE OF CHICAGO WITH WHOM WE HAVE AN ONGOING PARTNERSHIP AGREEMENT. OX-BOW'S SUMMER AND FALL WORKSHOP SERIES, ART ON THE MEADOW, OFFERS DAY WORKSHOPS THROUGHOUT THE SUMMER FOR CHILDREN, TEENS, AND ADULTS. THIS PROGRAM IS A WAY FOR LOCAL RESIDENTS AND SHORT-TERM VISITORS TO ENGAGE IN LIFE AND ARTMAKING AT OX-BOW. CLASSES ARE TIMED TO GIVE PARTICIPANTS CONCENTRATED STUDIO TIME, WHILE STILL ALLOWING FOR THE FLEXIBILITY THAT BUSY SUMMER AND YEAR-ROUND SCHEDULES REQUIRE.OUR RESIDENCY PROGRAMS OFFER ARTISTS AND WRITERS, AT VARIOUS STAGES IN THEIR CAREER, THE TIME, SPACE, AND COMMUNITY TO ENCOURAGE GROWTH AND EXPERIMENTATION IN THEIR PRACTICE. RESIDENTS JOIN OX-BOW'S COMMUNITY THROUGHOUT THE YEAR, WOVEN INTO OUR CAMPUS ALONGSIDE STUDENTS, FELLOWS, FACULTY, AND STAFF FOR PERIODS OF 2 WEEKS UP TO 1 MONTH. WE OFFER TO FORMS OF ATTENDANCE: A FULLY FUNDED SUMMER RESIDENCY AND A FALL RESIDENCY AND MENTORSHIP PROGRAM WITH SOME FULL AND PARTIAL FUNDING AVAILABLE. THE SELECTION PROCESS CONSISTS OF AN ONLINE APPLICATION REVIEW FOLLOWED BY AN IN-PERSON PANEL MEETING FOCUSING ON THE MERIT OF THE APPLICANT'S WORK AS WELL AS RESPONSES TO THE STATEMENTS OF PRACTICE, PURPOSE, AND INTEREST.OX-BOW CONTINUALLY RE-INVENTS OPPORTUNITIES FOR THE LOCAL COMMUNITY TO VISIT OUR CAMPUS- - WE HOST OPEN STUDIO NIGHTS AT THE END OF JUNE, JULY, AUGUST AND SEPTEMBER, CABIN AND STUDIO RENTAL, PRIVATE CLASSES, OUR ANNUAL HALLOWEEN FAMILY AND ADULT EVENTS, A WINTER MARKET AT OX-BOW HOUSE THAT FEATURES REGIONAL ARTISTS, AND OTHER TALKS, DINNERS AND PROGRAMS THAT ENGAGE OUR STUDIOS AND LANDSCAPE. AS A HISTORICALLY ARTIST-RUN ORGANIZATION, OX-BOW CONTINUALLY WORKS TO BENEFIT THOSE WHOSE ART-MAKING IS A PRIMARY COMPONENT OF THEIR PROFESSIONAL CAREER. OUR PROGRAMS SEEK TO BE A SOURCE OF BOTH PROFESSIONAL AND CREATIVE DEVELOPMENT. OVER THE PAST TEN YEARS, OX-BOW HAS WELCOMED ARTISTS FROM THE PHILIPPINES, TRINIDAD, NIGERIA, CHINA, FRANCE, SOUTH KOREA, PAKISTAN, IRAN, JAPAN, THE UK, AND CANADA. OUR NATIONAL REPRESENTATION IS EQUALLY DIVERSE, PULLING TALENTED ARTISTS FROM ALL OVER THE COUNTRY. ALUMNI FROM THE RESIDENCY PROGRAM HAVE EXEMPLIFIED OX-BOW'S COMMITMENT TO COMMUNITY AND INTENSIVE ARTMAKING, GARNERING EXTRAORDINARY OPPORTUNITIES FOLLOWING THEIR STAY. STUDENT AND RESIDENT ALUMS HAVE GONE ON TO WORK WITH IMPORTANT CONTEMPORARY ARTISTS, AND SHOW IN MUSEUMS, INTERNATIONALLY RENOWNED ART EXHIBITIONS, AND GALLERIES ALL OVER THE WORLD.FOR MORE INFORMATION ON OUR 100+ YEAR RICH HISTORY; CURRENT PROGRAM OFFERINGS; AND NEWS AND EVENTS; VISIT OUR WEBSITE AT WWW.OX-BOW.ORG.

Expenses $2,519,373 · Grants $97,491 · Revenue $1,754,648

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Steven MeierSTEVEN MEIER

PRESIDENT

Total calculated

$0

Hours/week

8
Janet CunninghamJANET CUNNINGHAM

SECRETARY/TREASURER

Total calculated

$0

Hours/week

3
Lucy MinturnLUCY MINTURN

DIRECTOR

Total calculated

$0

Hours/week

5
Keith P WalkerKEITH P WALKER

DIRECTOR

Total calculated

$0

Hours/week

2
Scott AlfreeSCOTT ALFREE

DIRECTOR

Total calculated

$0

Hours/week

2
Dawn GavinDAWN GAVIN

DIRECTOR

Total calculated

$0

Hours/week

2
William PadnosWILLIAM PADNOS

DIRECTOR

Total calculated

$0

Hours/week

2
Evan BorisEVAN BORIS

DIRECTOR

Total calculated

$0

Hours/week

2
Rhonda BrownRHONDA BROWN

DIRECTOR

Total calculated

$0

Hours/week

2
Chris CraftCHRIS CRAFT

DIRECTOR

Total calculated

$0

Hours/week

2
Delinda CollierDELINDA COLLIER

DIRECTOR

Total calculated

$0

Hours/week

2
Shannon R StrattonSHANNON R STRATTON

EXECUTIVE DIRECTOR

Total calculated

$193,128

From this org

$181,129

From related orgs

$0

Other

$11,999

Hours/week

40

Schedule J breakdown matched by us

Base

$155,314

Bonus

$0

Other

$25,815

Deferred

$5,469

Nontaxable benefits

$6,530

Filer's total

$193,128

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
3 · Compensation committee
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

2 · Substantiation required before reimbursing expenses
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A: THE EXECUTIVE DIRECTOR WAS PROVIDED ON-CAMPUS HOUSING YEAR ROUND AS THEIR PRIMARY RESIDENCE AS PART OF THE POSITION REQUIREMENTS. OX-BOW PROVIDED THE HOUSING AT NO COST TO THE EXECUTIVE DIRECTOR.
PART I, LINE 3: THE BOARD REVIEWS AND APPROVES COMPENSATION OF THE EXECUTIVE DIRECTOR. AS PART OF THE REVIEW PROCESS, SALARY DATA FROM COMPARABLE ORGANIZATIONS IS CONSIDERED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

ART INSTITUTE OF CHICAGO

501(C)(3) · IL

Provenance

Return type: form_990
Tax year: 2022
Filed: 30 September 2024
IRS schema version: 2022v5.0
Source object: 202432759349300403

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