EIN 36-2167725

Art Institute of Chicago (AIC)

IRS 501(c) type
501(c)(3)
Num. employees
4,119
Year formed
1879
Most recent tax filings
2020-06-01
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
$351,772,088
2020
Total expenses
$316,818,865
2020
Total assets
$1,665,671,481
2020
Num. employees
4,119
2020

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 2020, average academic year full-time-equivalent enrollment of degree-seeking students was 3,132 with international students from 79 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, gallery tours, lectures, readings, and other special events, and presenting world class exhibitions highlighting both its collection and objects loaned from other institutions. In FY20, because of the global COVID-19 pandemic, some of this work moved online, but our presentation and interpretation of the collection continued unabated. Before the closure, exhibitions featured within FY20 included Andy Warhol-From A to B and Back Again, El Greco: Ambition and Defiance, The People Shall Govern! Medu Art Ensemble and the Anti-Apartheid Poster, and In a Cloud, In a Wall, In a Chair: Six Modernists in Mexico at Midcentury. Attendance for FY20 exceeded 1.09 million visits.

Who funds Art Institute of Chicago (AIC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$5,103,300
Robert Allerton Trust Under Will Dated April 15 1964General$1,451,160
Jaharis Family FoundationTo Aid Donee Organization in Carrying Out Its Exempt Mission$1,000,000
...and 218 more grants received totalling $15,558,872
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$31,657,770
Department of EducationFEDERAL PERKINS LOAN- FEDERAL CAPITAL CONTRIBUTIONS$2,858,277
Department of EducationFEDERAL PELL GRANT PROGRAM$2,726,171
...and 7 more federal grants / contracts

Personnel at AIC

NameTitleCompensation
Michael NicolaiChief Human Resources Officer$245,323
Andrew SimnickSenior Vice President for Finance , Strategy , and Operations$341,713
Evelyn JeffersVice President for Museum Development$601,106
Russell CollettVice President of Operations$211,554
Alexandra HoltExecutive Vice President , Finance and Administration$424,917
...and 17 more key personnel

Financials for AIC

RevenuesFYE 06/2020
Total grants, contributions, etc.$93,682,754
Program services$214,772,101
Investment income and dividends$10,595,207
Tax-exempt bond proceeds$0
Royalty revenue$75,626
Net rental income$1,679,172
Net gain from sale of non-inventory assets$25,936,842
Net income from fundraising events$-185,870
Net income from gaming activities$0
Net income from sales of inventory$3,705,916
Miscellaneous revenues$1,510,340
Total revenues$351,772,088

Form 990s for AIC

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-26990View PDF
2019-062020-09-04990View PDF
2018-062019-07-23990View PDF
2017-062018-09-12990View PDF
2016-062017-10-05990View PDF
...and 6 more Form 990s

Organizations like AIC

OrganizationLocationRevenue
Pace UniversityNew York, NY$597,655,933
Seattle Pacific University (SPU)Seattle, WA$170,237,261
Illinois Institute of Technology (IIT)Chicago, IL$410,466,852
Baylor University (BU)Waco, TX$1,252,666,839
Nazareth College of RochesterRochester, NY$119,759,441
Hamline UniversitySaint Paul, MN$123,468,200
Saint Johns University (SJU)Jamaica, NY$810,687,746
Santa Clara University (SCU)Santa Clara, CA$550,696,402
Sacred Heart University (SHU)Fairfield, CT$378,358,523
Syracuse University (SU)Syracuse, NY$1,522,525,721
Data update history
August 3, 2022
Received grants
Identified 54 new grant, including a grant for $1,451,160 from Robert Allerton Trust Under Will Dated April 15 1964
October 3, 2021
Received grants
Identified 83 new grant, including a grant for $500,000 from Alsdorf Foundation
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
August 1, 2021
Posted financials
Added Form 990 for fiscal year 2020
July 1, 2021
Updated personnel
Identified 6 new personnel
Nonprofit Types
SchoolsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsPolitical advocacyLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
111 South 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
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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