Art Institute Of Chicago

Chicago, IL
Tax-exempt since Aug. 1925
EIN: 36-2167725

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Higher Education Institutions (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$360M (2023)

Expenses

$340M (2023)

Total Assets

$1.89B (2023)

Total Liabilities

$260M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2023

Revenue

$359,509,602

Expenses

$339,959,523

Net Income

$19,550,079

Net Assets

$1,626,483,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$51,858,370	14.4%
Program Services	$217,491,387	60.5%
Investment Income	$21,945,605	6.1%
Bond Proceeds	$0
Royalties	$71,744	0.0%
Rental Property Income	$157,768	0.0%
Net Fundraising	$318,860	0.1%
Sales of Assets	$61,309,678	17.1%
Net Inventory Sales	$4,726,415	1.3%
Other Revenue	$1,629,775	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,928,988	1.7%
Professional Fundraising Fees	$727,497	0.2%
Other Salaries and Wages	$102,428,776	30.1%

Assets/Debt
Total Assets	$1,886,077,791
Total Liabilities	$259,594,451
Net Assets	$1,626,483,340

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Rondeau (President, Museum)	$1,009,815	$0	$64,161
Elissa Tenny (President, School)	$702,703	$0	$42,150
Evelyn Jeffers (Chief Operating Officer, Museum)	$628,680	$0	$42,414
Alexandra Holt (Evp, Finance & Admin)	$483,590	$0	$41,052
Leslie Darling (Evp, General Counsel, & Secretary)	$391,318	$0	$28,245
Martin Berger (Provost & Sr Vp Academic Affairs)	$347,240	$0	$41,192
Sarah Guernsey (Deputy Director, Curatorial Affairs)	$338,860	$0	$53,899
Michael Nicolai (Former Chief Human Resources Officer)	$327,500	$0	$32,000
Amy Allen (Vp, Engagement, Museum)	$323,686	$0	$67,347
Ann Goldstein (Dep Dir And Chair & Curator Mod & Contemp)	$319,221	$0	$37,502
Norissa Bailey (Senior Vp For People And Culture)	$295,363	$0	$47,073
David Nacol (Vice President, Philanthropy, Museum)	$271,701	$0	$31,819
Rose Milkowski (Vp For Enrollment Management)	$267,834	$0	$24,948
Veronica Stein (Woman's Board Exec Director, Museum)	$249,426	$0	$6,157
Brian Esker (Former Vp Of Finance & Admin, School)	$247,070	$0	$12,765
Eugene Adams (Chief Information Officer)	$244,548	$0	$150,915
Thomas Buechele (Vp For Campus Operations, School)	$240,957	$0	$76,911
Kathryn Rahn (Vice President, Marketing And Communications, Museum)	$239,142	$0	$42,048
Emily Benedict (Avp, Capital Programs)	$224,247	$0	$39,700
Courtney Rowe (Vice President For Advancement, Saic)	$206,961	$0	$20,303
Lisa Wainwright (Former Dean Of Faculty/Vp Acad Admin)	$202,608	$0	$25,290
Denise Banks (Chief Human Resources Officer)	$179,428	$0	$12,956
David J Vitale (Vice Chair)	$0	$0	$0
Denise B Gardner (Chair)	$0	$0	$0
Eric P Lefkofsky (Vice Chair)	$0	$0	$0
See filing for compensation of 65 other people →

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990

Filed on May 3, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2022

Revenue

$414,893,991

Expenses

$299,911,678

Net Income

$114,982,313

Net Assets

$1,553,035,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$66,913,952	16.1%
Program Services	$210,988,332	50.9%
Investment Income	$11,296,405	2.7%
Bond Proceeds	$0
Royalties	$58,198	0.0%
Rental Property Income	$170,446	0.0%
Net Fundraising	-$32,428
Sales of Assets	$119,295,715	28.8%
Net Inventory Sales	$4,284,896	1.0%
Other Revenue	$1,917,950	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,088,360	2.0%
Professional Fundraising Fees	$564,975	0.2%
Other Salaries and Wages	$97,615,481	32.5%

Assets/Debt
Total Assets	$1,830,546,900
Total Liabilities	$277,511,101
Net Assets	$1,553,035,799

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Rondeau (President, Museum)	$893,685	$0	$78,662
Elissa Tenny (President, School)	$636,839	$0	$39,951
Evelyn Jeffers (Chief Operating Officer, Museum)	$564,711	$0	$40,175
Alexandra Holt (Evp, Finance & Admin)	$430,068	$0	$38,689
Andrew Simnick (Sr Vp For Finance, Strategy, & Ops)	$382,394	$0	$17,409
Leslie Darling (Evp, General Counsel, & Secretary)	$365,984	$0	$26,611
Martin Berger (Provost & Sr Vp Academic Affairs)	$317,758	$0	$44,528
Sarah Guernsey (Deputy Director, Curatorial Affairs)	$305,542	$0	$118,747
Ann Goldstein (Deputy Director, Chair & Curator Modern & Contemporary Art)	$299,036	$0	$35,524
Michael Nicolai (Chief Human Resources Officer)	$283,498	$0	$34,756
Amy Allen (Vp, Engagement, Museum)	$270,228	$0	$85,823
Maria Simon (Senior Associate General Counsel)	$266,298	$0	$499,776
Brian Esker (Vp Of Finance & Admin, School)	$259,841	$0	$124,632
Rose Milkowski (Vp For Enrollment Management)	$254,126	$0	$23,656
Christina Pulawski (Associate Vp, External Affairs)	$250,757	$0	$15,749
Norissa Bailey (Senior Vp For People And Culture)	$246,718	$0	$29,957
Eugene Adams (Chief Information Officer)	$233,226	$0	$137,766
Thomas Buechele (Vp For Campus Operations, School)	$227,672	$0	$102,757
Emily Benedict (Avp, Capital Programs)	$210,753	$0	$37,298
Lisa Wainwright (Former Dean Of Faculty/Vp Acad Admin)	$191,510	$0	$18,653
David J Vitale (Vice Chair)	$0	$0	$0
Denise B Gardner (Chair)	$0	$0	$0
Frederick Waddell (Vice Chair)	$0	$0	$0
Jay Frederick Krehbiel (Treasurer)	$0	$0	$0
Samuel M Mencoff (Vice Chair)	$0	$0	$0
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990

Filed on May 11, 2023

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2021

Revenue

$324,720,371

Expenses

$290,704,939

Net Income

$34,015,432

Net Assets

$1,753,231,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$61,766,491	19.0%
Program Services	$190,847,455	58.8%
Investment Income	$8,088,154	2.5%
Bond Proceeds	$0
Royalties	$88,110	0.0%
Rental Property Income	-$410,032
Net Fundraising	$0
Sales of Assets	$61,430,072	18.9%
Net Inventory Sales	$2,537,927	0.8%
Other Revenue	$372,194	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,413,677	1.9%
Professional Fundraising Fees	$357,554	0.1%
Other Salaries and Wages	$92,821,124	31.9%

Assets/Debt
Total Assets	$2,023,763,079
Total Liabilities	$270,531,431
Net Assets	$1,753,231,648

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Rondeau (President, Museum)	$807,467	$0	$97,503
Elissa Tenny (President, School)	$630,788	$0	$50,696
Evelyn Jeffers (Vp For Museum Development)	$566,472	$0	$44,773
Alexandra Holt (Evp, Finance & Admin)	$411,533	$0	$43,750
Leslie Darling (Evp, General Counsel, & Secretary)	$347,476	$0	$20,945
Maria Simon (Senior Associate General Counsel)	$332,263	$0	$105,076
Andrew Simnick (Sr Vp For Finance, Strategy, & Ops)	$322,881	$0	$43,586
Martin Berger (Provost & Sr Vp Academic Affairs)	$295,689	$0	$44,836
Ann Goldstein (Deputy Director, Chair & Curator Modern & Contemporary Art)	$294,429	$0	$40,240
Sarah Guernsey (Deputy Director, Curatorial Affairs)	$292,955	$0	$124,729
Brian Esker (Vp Of Finance & Admin, School)	$247,215	$0	$103,520
Rose Milkowski (Vp For Enrollment Management)	$237,817	$0	$22,570
Michael Nicolai (Chief Human Resources Officer)	$232,520	$0	$90,823
Eugene Adams (Chief Information Officer)	$224,052	$0	$118,738
Thomas Buechele (Vp For Campus Operations, School)	$212,995	$0	$94,380
Amy Allen (Vp, Engagement, Museum)	$211,251	$0	$9,842
Jennifer Sostaric (Senior Associate General Counsel)	$210,860	$0	$79,581
Matthew Witkovsky (Chair & Vp For Strategic,Photography And Media)	$208,490	$0	$41,019
Emily Benedict (Avp, Capital Programs)	$208,184	$0	$45,233
Lisa Wainwright (Former Dean Of Faculty/Vp Acad Admin)	$185,781	$0	$33,661
Kirstie Lytwynec (Former Vp And General Manager, Retail)	$167,841	$0	$15,972
Russell Collett (Former Vp Of Operations)	$147,099	$0	$9,659
David J Vitale (Vice Chair)	$0	$0	$0
Denise B Gardner (Vice Chair)	$0	$0	$0
Frederick H Waddell (Vice Chair)	$0	$0	$0
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990

Filed on May 12, 2022

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2020

Revenue

$351,772,088

Expenses

$316,818,865

Net Income

$34,953,223

Net Assets

$1,413,519,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$93,682,754	26.6%
Program Services	$214,772,101	61.1%
Investment Income	$10,595,207	3.0%
Bond Proceeds	$0
Royalties	$75,626	0.0%
Rental Property Income	$1,679,172	0.5%
Net Fundraising	-$185,870
Sales of Assets	$25,936,842	7.4%
Net Inventory Sales	$3,705,916	1.1%
Other Revenue	$1,510,340	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,761,926	1.8%
Professional Fundraising Fees	$372,328	0.1%
Other Salaries and Wages	$104,655,831	33.0%

Assets/Debt
Total Assets	$1,665,671,481
Total Liabilities	$252,152,008
Net Assets	$1,413,519,473

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Reported a significant diversion of assets

Compensation

Key Employees and Officers	Compensation	Related	Other
James Rondeau (President, Museum)	$976,528	$0	$96,705
Elissa Tenny (President, School)	$686,911	$0	$43,542
Evelyn Jeffers (Vp For Museum Development)	$601,106	$0	$41,449
Alexandra Holt (Evp, Finance & Admin)	$424,917	$0	$39,736
Julia Getzels (Former Evp & General Counsel (Ended As Of 6/19))	$372,160	$0	$5,297
Andrew Simnick (Sr Vp For Finance, Strategy, & Ops)	$341,713	$0	$51,650
Martin Berger (Provost & Sr Vp Academic Affairs)	$322,753	$0	$39,018
Ann Goldstein (Deputy Director, Chair & Curator Modern & Contemporary Art)	$315,422	$0	$35,521
Sarah Guernsey (Deputy Director, Curatorial Affairs)	$276,219	$0	$109,612
Kirstie Lytwynec (Vp And General Manager, Retail)	$262,875	$0	$34,323
Paul Coffey (Vice Provost)	$262,558	$0	$134,936
Brian Esker (Vp Of Finance & Admin, School)	$259,151	$0	$112,705
Rose Milkowski (Vp For Enrollment Management)	$249,076	$0	$26,092
Michael Nicolai (Chief Human Resources Officer)	$245,323	$0	$85,004
Maria Simon (Senior Associate General Counsel)	$243,448	$0	$84,554
Cheryl Jessogne (Vice President, Institutional Advancement)	$242,942	$0	$7,282
Jennifer Sostaric (Senior Associate General Counsel)	$233,870	$0	$80,885
Thomas Buechele (Vp For Campus Operations, School)	$224,073	$0	$122,631
Lisa Wainwright (Dean Of Faculty/Vp Acad Admin (Ended As Of 8/16/19))	$220,992	$0	$38,381
Emily Benedict (Avp, Capital Programs)	$218,555	$0	$38,314
Russell Collett (Vp Of Operations)	$211,554	$0	$20,198
David J Vitale (Vice Chair)	$0	$0	$0
Denise B Gardner (Vice Chair)	$0	$0	$0
Frederick H Waddell (Vice Chair)	$0	$0	$0
Jay Frederick Krehbiel (Treasurer)	$0	$0	$0
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990

Filed on May 17, 2021

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2019

Revenue

$376,442,984

Expenses

$324,519,159

Net Income

$51,923,825

Net Assets

$1,393,392,013

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$97,739,224	26.0%
Program Services	$225,444,444	59.9%
Investment Income	$10,369,440	2.8%
Bond Proceeds	$0
Royalties	$143,762	0.0%
Rental Property Income	$2,403,831	0.6%
Net Fundraising	-$1,180,933
Sales of Assets	$35,279,846	9.4%
Net Inventory Sales	$5,252,928	1.4%
Other Revenue	$980,542	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,747,673	1.8%
Professional Fundraising Fees	$485,410	0.1%
Other Salaries and Wages	$102,243,388	31.5%

Assets/Debt
Total Assets	$1,652,785,035
Total Liabilities	$259,393,022
Net Assets	$1,393,392,013

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Rondeau (President, Museum)	$904,631	$0	$76,057
Elissa Tenny (President, School)	$669,361	$0	$42,236
Evelyn Jeffers (Vp For Museum Development)	$568,770	$0	$42,678
Julia Getzels (Evp & General Counsel Ended 6/2019)	$499,704	$0	$124,840
Walter Massey (Chancellor, Former President, Saic)	$393,539	$0	$10,615
Craig Barton (Provost Ended 7/2018)	$391,507	$0	$19,700
Ann Goldstein (Deputy Director, Chair & Curator Modern & Contemporary Art)	$304,619	$0	$35,157
Andrew Simnick (Sr Vp For Finance, Strategy, & Ops)	$303,446	$0	$48,619
Alexandra Holt (Evp, Finance & Admin)	$290,382	$0	$28,825
Kirstie Lytwynec (Vp And General Manager, Retail)	$255,904	$0	$34,073
Sarah Guernsey (Deputy Director, Curatorial Affairs)	$253,834	$0	$91,416
Lisa Wainwright (Dean Of Faculty/Vp Acad Admin)	$253,600	$0	$40,972
Brian Esker (Vp Of Finance & Admin, School)	$244,114	$0	$90,961
Rose Milkowski (Vp For Enrollment Management)	$240,503	$0	$25,326
Michael Nicolai (Chief Human Resources Officer)	$238,038	$0	$80,022
Paul Coffey (Vice Provost)	$228,331	$0	$95,516
Eugene Adams (Chief Information Officer)	$226,065	$0	$114,083
Thomas Buechele (Vp For Campus Operations, School)	$217,412	$0	$79,621
Tao Wang (Chair Of Asian Art/Executive Director Initiatives In Asia)	$212,736	$0	$31,730
Maria Simon (Associate General Counsel)	$208,388	$0	$61,037
Russell Collett (Vp Of Operations)	$205,649	$0	$20,496
Deborah Johnston (Former Controller)	$121,579	$0	$21,273
Robert M Levy (Chair)	$0	$0	$0
Denise B Gardner (Vice Chair)	$0	$0	$0
Samuel M Mencoff (Vice Chair)	$0	$0	$0
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990

Filed on May 5, 2020

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2018

Revenue

$347,404,695

Expenses

$317,307,084

Net Income

$30,097,611

Net Assets

$1,346,863,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$71,017,212	20.4%
Program Services	$212,383,078	61.1%
Investment Income	$8,272,578	2.4%
Bond Proceeds	$0
Royalties	$134,505	0.0%
Rental Property Income	$2,384,807	0.7%
Net Fundraising	-$270,365
Sales of Assets	$48,313,168	13.9%
Net Inventory Sales	$5,167,737	1.5%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,501,721	1.7%
Professional Fundraising Fees	$76,484	0.0%
Other Salaries and Wages	$96,392,855	30.4%

Assets/Debt
Total Assets	$1,623,214,581
Total Liabilities	$276,351,465
Net Assets	$1,346,863,116

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Rondeau (President, Museum)	$787,047	$0	$60,690
Elissa Tenny (President, School)	$601,505	$0	$37,257
Evelyn Jeffers (Vp For Museum Development)	$560,980	$0	$48,892
Julia Getzels (Evp & General Counsel)	$477,800	$0	$101,059
Alison Sowden (Evp & Cfo Ended 10/2017)	$325,560	$0	$34,448
Ann Goldstein (Deputy Director, Chair & Curator Modern & Contemporary Art)	$301,830	$0	$37,877
Craig Barton (Provost)	$284,054	$0	$36,981
Andrew Simnick (Sr Vp For Finance, Strategy, & Ops)	$265,335	$0	$51,325
Lisa Wainwright (Dean Of Faculty/Vp Acad Admin)	$258,254	$0	$47,930
Walter Massey (Chancellor, Former President, Saic)	$251,217	$0	$24,770
Kirstie Lytwynec (Vp And General Manager, Retail)	$249,295	$0	$32,237
Brian Esker (Vp Of Finance & Admin, School)	$238,302	$0	$72,050
Sarah Guernsey (Deputy Director, Curatorial Affairs)	$236,860	$0	$82,643
Rose Milkowski (Vp For Enrollment Management)	$230,473	$0	$23,765
Deborah Johnston (Controller Ended 05/2018)	$226,345	$0	$40,274
Michael Nicolai (Chief Human Resources Officer)	$221,976	$0	$66,967
Eugene Adams (Chief Information Officer)	$221,400	$0	$99,100
Paul Coffey (Vice Provost)	$208,656	$0	$81,378
Tao Wang (Chair Of Asian Art/Executive Director Initiatives In Asia)	$208,061	$0	$30,250
Thomas Buechele (Vp For Campus Operations, School)	$202,889	$0	$77,120
Felice Dublon (Vp/Dean Of Student Affairs)	$201,001	$0	$37,389
Russell Collett (Vp Of Operations)	$194,799	$0	$22,012
Robert M Levy (Chair)	$0	$0	$0
Anne Searle Bent (Vice Chair/Trustee)	$0	$0	$0
Denise B Gardner (Vice Chair)	$0	$0	$0
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990

Filed on May 13, 2019

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2017

Revenue

$319,311,842

Expenses

$315,496,942

Net Income

$3,814,900

Net Assets

$1,267,684,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$61,073,788	19.1%
Program Services	$199,220,523	62.4%
Investment Income	$7,584,526	2.4%
Bond Proceeds	$0
Royalties	$160,491	0.1%
Rental Property Income	$2,466,841	0.8%
Net Fundraising	-$1,123,293
Sales of Assets	$42,418,301	13.3%
Net Inventory Sales	$7,526,848	2.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,107,652	1.6%
Professional Fundraising Fees	$109,899	0.0%
Other Salaries and Wages	$94,143,378	29.8%

Assets/Debt
Total Assets	$1,566,021,763
Total Liabilities	$298,337,472
Net Assets	$1,267,684,291

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas Druick (Former President, Museum)	$589,270	$0	-$40,796
James Rondeau (President, Museum)	$525,035	$0	$68,860
David Thurm (Coo, Museum)	$478,983	$0	$53,959
Evelyn Jeffers (Vp For Museum Development)	$475,783	$0	$48,242
Walter Massey (Chancellor, Former President, Saic)	$472,440	$0	$27,621
Julia Getzels (Evp & General Counsel)	$447,632	$0	$108,607
Elissa Tenny (President, School)	$434,232	$0	$25,376
Alison Sowden (Executive Vp & Cfo)	$374,877	$0	$40,039
Jeanne Ladd (Vp Of Museum Finance)	$366,066	$0	$76,145
Judith Kirshner (Deputy Director Education)	$256,342	$0	$4,414
Lisa Wainwright (Dean Of Faculty/Vp Acad Admin)	$247,930	$0	$48,418
Brian Esker (Vp Of Finance & Admin, School)	$234,278	$0	$75,430
Eugene Adams (Chief Information Officer)	$217,048	$0	$102,334
Gordon Montgomery (Vp Of Marketing)	$216,041	$0	$40,469
Rose Milkowski (Vp For Enrollment Management)	$213,828	$0	$22,958
Michael Nicolai (Chief Human Resources Officer)	$212,445	$0	$77,773
Deborah Johnston (Controller)	$204,145	$0	$36,020
Paul Coffey (Vice Provost)	$203,486	$0	$90,048
Thomas Buechele (Vp For Campus Operations, School)	$192,843	$0	$86,029
Andrew Simnick (Sr Vp For Finance, Strategy, & Ops)	$179,118	$0	$30,975
Sarah Guernsey (Deputy Director, Curatorial Affairs)	$153,258	$0	$58,697
Martha Tedeschi (Deputy Director, Art & Research)	$112,035	$0	$49,996
Jay Krehbiel (Treasurer)	$0	$0	$0
Robert M Levy (Chairman)	$0	$0	$0
Cary D Mc Millan (Vice Chairman)	$0	$0	$0
See filing for compensation of 74 other people →

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990

Filed on May 8, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2016

Revenue

$351,340,573

Expenses

$295,092,926

Net Income

$56,247,647

Net Assets

$1,171,510,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$112,018,613	31.9%
Program Services	$193,030,377	54.9%
Investment Income	$6,721,755	1.9%
Bond Proceeds	$0
Royalties	$177,825	0.1%
Rental Property Income	$2,523,644	0.7%
Net Fundraising	-$889,480
Sales of Assets	$29,049,694	8.3%
Net Inventory Sales	$7,331,104	2.1%
Other Revenue	$1,402,239	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,328,099	2.1%
Professional Fundraising Fees	$158,833	0.1%
Other Salaries and Wages	$89,194,585	30.2%

Assets/Debt
Total Assets	$1,489,564,148
Total Liabilities	$318,053,660
Net Assets	$1,171,510,488

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas Druick See Notes (Pres (To 2/16))	$655,880	$0	-$247,507
Walter Massey (President, Sch)	$598,773	$0	$33,715
David Thurm (Coo Museum)	$466,991	$0	$47,925
Elissa Tenny (Provost/Svp Acad Affairs)	$444,002	$0	$41,015
Eve Jeffers (Vp For Museum Development)	$442,116	$0	$47,425
Julia Getzels (Evp & Gen Couns)	$426,237	$0	$110,749
Alison Sowden (Evp & Cfo)	$353,034	$0	$42,663
Gordon Montgomery (Vp Of Marketing)	$279,159	$0	$51,458
Lisa Wainwright (Faculty Dean/Vp Acad Admin)	$239,919	$0	$47,677
Brian Esker (Vp Of Finance & Admin Saic)	$221,598	$0	$69,919
Martha Tedeschi (Deputy Director, Art&Rsch)	$219,676	$0	$218,219
Judith Kirshner (Dpty Dir, Educ)	$213,305	$0	$83,591
Eugene Adams (Vp Of Is/Cio)	$212,025	$0	$100,127
Michael Nicolai (Vp For Human Resources)	$205,689	$0	$66,737
Rose Milkowski (Vp For Enrollment Mgmt)	$204,462	$0	$21,315
Jeanne Ladd (Vp Of Museum Finance)	$203,333	$0	$127,192
James Rondeau (Pres (Frm 2/16))	$200,356	$0	$42,466
David Getsy (Prof/Int Dean Grad)	$200,332	$0	$27,616
Elizabeth Grainer (Vp Of Aux Ops)	$198,637	$0	$249,497
Felice Dublon (Vp/Dean St Affairs)	$192,731	$0	$28,855
Tom Buechele (Vp For Campus Operations)	$187,944	$0	$86,815
James N Bay (Trustee)	$0	$0	$0
Anne Searle Bent (Vice Chairman)	$0	$0	$0
Lisa Buonanno (Trustee)	$0	$0	$0
Toni Canada (Trustee)	$0	$0	$0
See filing for compensation of 46 other people →

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990

Filed on May 10, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2015

Revenue

$312,795,230

Expenses

$284,630,507

Net Income

$28,164,723

Net Assets

$1,183,957,624

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$70,334,380	22.5%
Program Services	$183,444,132	58.6%
Investment Income	$6,559,507	2.1%
Bond Proceeds	$0
Royalties	$157,270	0.1%
Rental Property Income	$2,103,235	0.7%
Net Fundraising	-$1,115,997
Sales of Assets	$40,056,700	12.8%
Net Inventory Sales	$7,517,994	2.4%
Other Revenue	$3,777,100	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,270,902	2.2%
Professional Fundraising Fees	$159,161	0.1%
Other Salaries and Wages	$83,467,176	29.3%

Assets/Debt
Total Assets	$1,504,588,725
Total Liabilities	$320,631,101
Net Assets	$1,183,957,624

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas Druick (Pres & Dir, Mus)	$637,169	$0	$742,044
Walter Massey (President, Sch)	$565,713	$0	$23,915
David Thurm (Coo Museum)	$476,153	$0	$46,365
Eve Jeffers (Vp For Museum Development)	$422,745	$0	$45,865
Julia Getzels (Evp & Gen Couns)	$390,559	$0	$141,785
Elissa Tenny (Provost/Svp Acad Affairs)	$317,999	$0	$75,078
Gordon Montgomery (Vp Of Marketing)	$271,657	$0	$49,809
Patricia Lawson (Controller)	$254,358	$0	$67,764
Alison Sowden (Evp & Cfo)	$238,363	$0	$42,447
Lisa Wainwright (Faculty Dean/Vp Acad Admin)	$234,970	$0	$42,879
Brian Esker (Vp Of Finance And Admin Saic)	$212,501	$0	$86,284
Dorothy Schroeder (Vp, Exhibitions)	$211,036	$0	$333,154
Michael Nicolai (Vp For Human Resources)	$209,551	$0	$71,334
Judith Kirshner (Dpty Dir, Educ)	$207,628	$0	$16,532
Eugene Adams (Vp Of Is/Cio)	$206,252	$0	$123,759
Martha Tedeschi (Deputy Director For Art & Research)	$197,585	$0	$192,125
Rose Milkowski (Vp For Enrollment Mgmt)	$195,756	$0	$20,882
Elizabeth Grainer (Vp Of Aux Ops)	$194,012	$0	$153,584
Tom Buechele (Vp For Campus Operations)	$183,495	$0	$87,705
James N Bay (Trustee)	$0	$0	$0
Anne Searle Bent (Vice Chairman)	$0	$0	$0
Todd C Brown (Trustee)	$0	$0	$0
Lisa Buonanno (Trustee)	$0	$0	$0
Lester Coney (Trustee)	$0	$0	$0
A Steven Crown (Trustee)	$0	$0	$0
See filing for compensation of 45 other people →

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990

Filed on May 12, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2014

Revenue

$315,341,827

Expenses

$269,267,554

Net Income

$46,074,273

Net Assets

$1,193,359,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$81,911,392	26.0%
Program Services	$183,269,958	58.1%
Investment Income	$6,718,207	2.1%
Bond Proceeds	$0
Royalties	$264,662	0.1%
Rental Property Income	$1,649,787	0.5%
Net Fundraising	-$1,207,152
Sales of Assets	$30,939,654	9.8%
Net Inventory Sales	$8,169,460	2.6%
Other Revenue	$3,634,469	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,630,705	1.7%
Professional Fundraising Fees	$126,228	0.0%
Other Salaries and Wages	$78,669,258	29.2%

Assets/Debt
Total Assets	$1,542,543,535
Total Liabilities	$349,184,034
Net Assets	$1,193,359,501

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Douglas Druick (Pres & Dir, Mus)	$623,988	$0	$137,416
Walter Massey (President, Sch)	$538,427	$0	$23,915
David Thurm (Coo Museum)	$437,552	$0	$45,261
Julia Getzels (Evp & Gen Couns)	$353,278	$0	$68,898
Elissa Tenny (Provost/Svp Acad Affairs)	$309,228	$0	$58,246
Gordon Montgomery (Vp Of Marketing)	$263,570	$0	$48,419
Eric Anyah (Evp & Cfo)	$251,157	$0	$74,775
Lisa Wainwright (Faculty Dean/Vp Acad Admin)	$214,955	$0	$36,491
Brian Esker (Vp Of Finance And Admin Saic)	$207,403	$0	$38,811
Eugene Adams (Vp Of Is/Cio)	$201,407	$0	$58,589
Elizabeth Grainer (Vp Of Aux Ops)	$189,546	$0	$64,757
Samuel Quigley (Vp, Cmiit)	$184,899	$0	$39,039
Felice Dublon (Vp/Dean Std Affairs)	$183,308	$0	$25,275
Rose Milkowski (Vp For Enrollment Mgmt)	$181,896	$0	$18,976
Paul Coffey (Vice Provost)	$181,173	$0	$35,012
Tom Buechele (Vp For Campus Operations)	$179,348	$0	$50,601
Patricia Lawson (Controller)	$179,189	$0	$64,895
Martha Tedeschi (Deputy Director For Art & Research)	$163,492	$0	$105,238
Edward Mc Nulty (Sr Vp/Planning/Coo)	$157,007	$0	$0
Anne Searle Bent (Trustee)	$0	$0	$0
Linda Buonanno (Trustee)	$0	$0	$0
Todd C Brown (Trustee)	$0	$0	$0
Lester N Coney (Trustee)	$0	$0	$0
A Steven Crown (Trustee)	$0	$0	$0
William M Daley (Trustee)	$0	$0	$0
See filing for compensation of 48 other people →

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990

Filed on May 13, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2013

Revenue

$253,332,003

Expenses

$270,250,707

Net Income

-$16,918,704

Net Assets

$1,037,035,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$51,730,267	20.4%
Program Services	$160,195,800	63.2%
Investment Income	$7,311,570	2.9%
Bond Proceeds	$0
Royalties	$209,963	0.1%
Rental Property Income	$1,596,278	0.6%
Net Fundraising	-$1,281,714
Sales of Assets	$22,881,986	9.0%
Net Inventory Sales	$8,583,015	3.4%
Other Revenue	$2,114,744	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,335,534	1.6%
Professional Fundraising Fees	$181,458	0.1%
Other Salaries and Wages	$74,017,436	27.4%

Assets/Debt
Total Assets	$1,404,559,396
Total Liabilities	$367,523,557
Net Assets	$1,037,035,839

990

Filed on May 27, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2012

Revenue

$242,355,755

Expenses

$243,138,473

Net Income

-$782,718

Net Assets

$956,029,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$62,275,319	25.7%
Program Services	$154,790,347	63.9%
Investment Income	$7,981,987	3.3%
Bond Proceeds	$0
Royalties	$206,719	0.1%
Rental Property Income	$1,602,124	0.7%
Net Fundraising	-$863,647
Sales of Assets	$3,904,536	1.6%
Net Inventory Sales	$7,506,360	3.1%
Other Revenue	$4,958,723	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,634,198	1.5%
Professional Fundraising Fees	$152,059	0.1%
Other Salaries and Wages	$71,480,950	29.4%

Assets/Debt
Total Assets	$1,351,684,071
Total Liabilities	$395,654,569
Net Assets	$956,029,502

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2011

Revenue

$397,084,961

Expenses

$312,911,433

Net Income

$84,173,528

Net Assets

$1,006,112,492

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$79,911,597	20.1%
Program Services	$214,444,567	54.0%
Investment Income	$6,547,074	1.6%
Bond Proceeds	$0
Royalties	$179,133	0.0%
Rental Property Income	$1,532,731	0.4%
Net Fundraising	-$1,455,635
Sales of Assets	$87,577,596	22.1%
Net Inventory Sales	$7,139,412	1.8%
Other Revenue	$1,206,096	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,907,511	1.2%
Professional Fundraising Fees	$252,414	0.1%
Other Salaries and Wages	$66,586,556	21.3%

Assets/Debt
Total Assets	$1,414,483,069
Total Liabilities	$408,370,577
Net Assets	$1,006,112,492

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Art Institute Of Chicago

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $360M (2023)

Expenses $340M (2023)

Total Assets $1.89B (2023)

Total Liabilities $260M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending June 2024

No Extracted Financial Data

Document Links

Audit

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Revenue

$360M (2023)

Expenses

$340M (2023)

Total Assets

$1.89B (2023)

Total Liabilities

$260M (2023)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003