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Education : Youth Education Programs and Services

The Art Institute of Chicago

Conducting activities conducive to the artistic development of the region

89.23

111 South Michigan Avenue Chicago, IL 60603
tel: (312) 443-3363   Web Site
EIN: 36-2167725

Board Leadership
Robert M. Levy
Chair

CEO
James Rondeau
President, Museum

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 89.23
  Financial 89.47
  Accountability & Transparency 89.00
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

The purposes for which the Art Institute of Chicago (AIC) was formed in 1879 are: to found, build, maintain, and operate museums, schools, libraries of art, and theaters; to provide support facilities in connection therewith; to conduct appropriate activities conducive to the artistic development of the region; and to conduct and participate in appropriate activities of national and international significance. The AIC encompasses both the museum and the school. The School is one of the largest accredited independent schools of art and design in the country, providing degrees at the undergraduate and graduate levels. The museum's collection now encompasses more than 5,000 years of human expression from cultures around the world.

The purposes for which the Art Institute of Chicago (AIC) was formed in 1879 are: to found, build, maintain, and operate museums, schools, libraries of art, and theaters; to provide support facilities in connection therewith; to conduct appropriate activities conducive to the artistic development of the region; and to conduct and participate in appropriate activities of national and international significance. The AIC encompasses both the museum and the school. The School is one of the largest accredited independent schools of art and design in the country, providing degrees at the undergraduate and graduate levels. The museum's collection now encompasses more than 5,000 years of human expression from cultures around the world.

Financial

89.47

Accountability & Transparency

89.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
87.2%
  Administrative Expenses 9.6%
  Fundraising Expenses 3.0%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 2.90
  Program Expenses Growth 3.5%
  Liabilities to Assets 15.6%
All data for Financial Performance Metrics calculations was provided by The Art Institute of Chicago on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Art Institute of Chicago on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Art Institute of Chicago (IL) 89.23
Music Academy of the West (CA) 91.55
Rainey Institute (OH) 90.78
Interlochen Center for the Arts (MI) 85.90
COCA (MO) 91.76

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $72,438,776
   Federated Campaigns $0
   Membership Dues $15,493,484
   Fundraising Events $3,216,693
   Related Organizations $0
   Government Grants $6,590,271
Total Contributions $97,739,224
   Program Service Revenue $225,444,444
Total Primary Revenue $323,183,668
   Other Revenue $53,259,316
TOTAL REVENUE $376,442,984
   
EXPENSES  
   Program Expenses $286,476,820
   Administrative Expenses $26,878,248
   Fundraising Expenses $11,164,091
TOTAL FUNCTIONAL EXPENSES $324,519,159
   
Payments to Affiliates $17,015
Excess (or Deficit) for the year $51,923,825
   
Net Assets $1,393,392,013

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
School of the Art Institute $180,574,970 63.0%
Museum $105,901,850 37.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 12/01/2020 89.23
2018-06 09/03/2019 89.26
2017-06 12/21/2018 89.06
2016-06 03/01/2018 88.38
2015-06 11/01/2016 88.36
2014-06 06/01/2016 85.81
 
CN 2.0
2014-06 11/01/2015 88.00
2013-06 03/01/2015 88.65
2013-06 07/01/2014 86.55
2012-06 11/01/2013 87.44
2011-06 10/01/2012 95.01
2010-06 09/20/2011 86.54
 
CN 1.0
2009-06 11/01/2010 96.49
2008-06 12/01/2009 98.65
2007-06 03/01/2009 98.56
2006-06 05/01/2008 88.46
2005-06 11/01/2006 73.99
2004-06 07/01/2005 77.94
2003-06 08/01/2004 84.74
2002-06 04/15/2003 88.85

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-2167725
Name in IRS Master File ART INSTITUTE OF CHICAGO
NTEE Code B40
NTEE Classification Higher Education Institutions
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
(916) Cafeteria, restaurant, snack bar, food services, etc.
(30) School, college, trade school, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1925
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$904,631 0.27% James Rondeau President, Museum

Highly Rated

Charity Name & State Overall Score Overall Rating
The Art Institute of Chicago (IL) 89.23
Exploring the Arts (NY) 88.16
Midori & Friends (NY) 86.13
Merola Opera Program (CA) 90.41
Little Kids Rock (NJ) 93.98

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Charity Contact Info

The Art Institute of Chicago
111 South Michigan Avenue
Chicago, IL 60603
tel: (312) 443-3363
EIN: 36-2167725

Visit Web Site

Board Leadership

Robert M. Levy
Chair

CEO

James Rondeau
President, Museum

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