EIN 36-2167725

Art Institute of Chicago (AIC)

IRS 501(c) type
501(c)(3)
Num. employees
3,261
Year formed
1879
Most recent tax filings
2022-06-01
NTEE code, primary
Description
The Art Institute of Chicago (AIC) is an encyclopedic art museum located in Chicago's Grant Park. It features a collection of Impressionist and Post-Impressionist art in its permanent collection.
Total revenues
$414,893,991
2022
Total expenses
$299,911,678
2022
Total assets
$1,830,546,900
2022
Num. employees
3,261
2022

Program areas at AIC

The school of The Art Institute of Chicago (saic) is an accredited college of Art and design offering undergraduate, graduate, and post-baccalaureate degree programs for studio artists, Art educators, Art therapists, designers, writers, and Art historians. Saic's fine arts graduate program is ranked number two in The nation by u.s. news and world report, and The school offers world-class resources including The Art Institute of Chicago museum, on-campus galleries, and state-of-the-art facilities. In fiscal year 2022, average academic year full-time-equivalent enrollment of degree-seeking students was 3,571 with international students from 77 countries
The Art Institute of Chicago shares its singular collections with our city and The world. We collect, care for, and interpret works of Art across time, cultures, geographies, and identities, centering The vision of artists and makers. We recognize that all Art is made in a particular context, demanding continual, dynamic reconsideration in The present. We are a place of gathering; we foster The exchange of ideas and inspire an expansive, inclusive understanding of human creativity. The museum achieves this through building and stewarding its renowned permanent collection, producing educational programming around The collection with performances, and other special events, and presenting world class exhibitions highlighting both its collection and objects loaned from other institutions. In fy22, featured exhibitions included "barbara kruger", "andre kertesz: postcards from paris", "igshaan adams: desire lines", and "cezanne".

Who funds Art Institute of Chicago (AIC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$7,140,261
Cy Twombly FoundationNon-Cash Donation of Art for Exhibition Support$4,000,000
National Philanthropic TrustCulture & Arts$2,733,710
...and 314 more grants received totalling $30,390,662

Personnel at AIC

NameTitleCompensation
Eugene AdamsVice President of Is and Chief Information Officer$233,226
Michael NicolaiChief Human Resources Officer / Vice President for Human Resources$283,498
Amy AllenVice President , Engagement , Museum$270,228
Andrew SimnickSenior Vice President for Finance , Strategy , and Operations$382,394
Alexandra HoltExecutive Vice President , Finance and Administration$430,068
...and 12 more key personnel

Financials for AIC

RevenuesFYE 06/2022
Total grants, contributions, etc.$66,913,952
Program services$210,988,332
Investment income and dividends$11,296,405
Tax-exempt bond proceeds$0
Royalty revenue$58,198
Net rental income$170,446
Net gain from sale of non-inventory assets$119,295,715
Net income from fundraising events$-32,428
Net income from gaming activities$525
Net income from sales of inventory$4,284,896
Miscellaneous revenues$1,917,950
Total revenues$414,893,991

Form 990s for AIC

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-11990View PDF
2021-062022-07-11990View PDF
2020-062021-05-26990View PDF
2019-062020-09-04990View PDF
2018-062019-07-23990View PDF
...and 8 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 4 new grant, including a grant for $10,000 from Charles & M. R. Shapiro Foundation
January 3, 2024
Received grants
Identified 87 new grant, including a grant for $4,000,000 from Cy Twombly Foundation
October 26, 2023
Received grants
Identified 30 new grant, including a grant for $1,122,845 from The Chicago Community Trust
October 8, 2023
Updated personnel
Identified 28 new personnel
August 19, 2023
Received grants
Identified 210 new grant, including a grant for $1,669,157 from Robert Allerton Trust Under Will Dated April 15 1964
Nonprofit Types
SchoolsArts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsPolitical advocacyLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donations
General information
Address
111 S Michigan Ave
Chicago, IL 60603
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
artic.edu 
Phone
(312) 443-3600
Facebook page
artic 
Twitter profile
@artinstitutechi 
IRS details
EIN
36-2167725
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1879
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A51: Art Museums
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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