Overview
What is Society For Contemporary Art C-O The Art Institute Of Chicago?
The Society For Contemporary Art C-O The Art Institute Of Chicago is a nonprofit organization situated in Chicago, Illinois, specifically at 111 S Michigan Avenue. Their primary mission is to support the Art Institute of Chicago by fostering a conversation about contemporary art within the community. They achieve this by hosting free lectures on contemporary art six to eight times a year, attracting an audience ranging from 75 to 200 individuals. Additionally, they organize member programs, which typically involve tours of the collection and exhibitions at the Art Institute of Chicago, as well as contemporary art-focused travel experiences. The organization's activities are geared towards acquiring works of art that enrich the museum's collection, contributing to its overall growth and development. The Society For Contemporary Art C-O The Art Institute Of Chicago is staffed by a team of three dedicated individuals.
Official website here: www.scaaisc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Society For Contemporary Art C-O The Art Institute Of Chicago holds an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization achieved a perfect score of 100% for having an independent board, which is vital for ensuring transparency and ethical governance. With a high program expense ratio of 75.58%, it demonstrates a significant portion of its resources directly support its mission and programming.
The organization has established comprehensive financial oversight mechanisms, including an active audit and oversight committee, alongside policies for conflict of interest and whistleblower protection. These factors contribute to the organization’s financial health, which is evidenced by its low liabilities to assets ratio of just 5.52%. Overall, the nonprofit's strong accountability measures enhance its credibility and public trust.
While the data presents a favorable view of the Society For Contemporary Art, potential donors and stakeholders should continue to monitor its financial practices and program effectiveness over time. The high ratings indicate a well-managed organization, but ongoing scrutiny is essential to ensure continued alignment with best practices in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Society For Contemporary Art C-O The Art Institute Of Chicago legitimate?
Society For Contemporary Art C-O The Art Institute Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society For Contemporary Art C-O The Art Institute Of Chicago submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,883
For more financial information, click here
Official website here: www.scaaisc.org
What is the mission statement of Society For Contemporary Art C-O The Art Institute Of Chicago?
The Society for Contemporary Art C-O at the Art Institute of Chicago aims to foster a conversation about modern art within the community. Their mission is twofold: firstly, they strive to enrich the museum's collection by acquiring contemporary works of art. Secondly, they engage the public through various programs, including lectures and member events, providing opportunities for exploration and understanding of contemporary art. These activities serve to promote dialogue and appreciation for the art of today.
Official website here: www.scaaisc.org
Who is the CEO of Society For Contemporary Art C-O The Art Institute Of Chicago?
Linda Usher is the Nominating/By-Laws/Acquisitions of Society For Contemporary Art C-O The Art Institute Of Chicago.
Official website here: www.scaaisc.org
What is the revenue of Society For Contemporary Art C-O The Art Institute Of Chicago?
Society For Contemporary Art C-O The Art Institute Of Chicago's revenue in 2023 was $532,326.
Official website here: www.scaaisc.org
Who are the executives of Society For Contemporary Art C-O The Art Institute Of Chicago and what are their salaries?
The average compensation at Society For Contemporary Art C-O The Art Institute Of Chicago during 2023 was $43,961. There are 3 employees and 28 volunteers at Society For Contemporary Art C-O The Art Institute Of Chicago.
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Official website here: www.scaaisc.org
Where can I find the form 990 for Society For Contemporary Art C-O The Art Institute Of Chicago?
Society For Contemporary Art C-O The Art Institute Of Chicago's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scaaisc.org
Learn more at the official website: www.scaaisc.org
Mission Statement of Society For Contemporary Art C-O The Art Institute Of Chicago
The Society for Contemporary Art C-O, affiliated with the Art Institute of Chicago, is dedicated to fostering a dialogue within the community about modern art. Their primary mission is twofold: to engage the public in the exploration of contemporary art and to enrich the museum's collection by acquiring significant works. They achieve this goal through various means, including hosting lectures on contemporary art several times a year, which are open to both members and the general public. These events attract a diverse audience, with attendance ranging from 75 to 200 individuals.
Beyond lectures, the Society for Contemporary Art C-O also offers member programs, which typically include guided tours of the collection, exhibitions, and galleries. These programs aim to provide an in-depth understanding of contemporary art, allowing members to delve deeper into this dynamic field. Additionally, the society supports contemporary art-focused programs at the Art Institute of Chicago, offering unique opportunities for members to engage with contemporary art beyond the museum's walls. These could include member travel experiences that delve into contemporary art scenes in various locations around the world.
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Impact
July, 2024
The Society For Contemporary Art C-O The Art Institute Of Chicago plays a significant role in supporting the Art Institute of Chicago by engaging the community in discussions about contemporary art and acquiring works that enhance the museum's collection. Through its lectures, member programs, and support for contemporary art-focused initiatives, the Society fosters a deeper understanding and appreciation for modern artistic expressions. By bringing together artists, scholars, and the general public, the Society contributes to the cultural vibrancy of Chicago and enriches the art scene in the region.
This information is meant to be a general summary of Society For Contemporary Art C-O The Art Institute Of Chicago. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,736
- Program Service Revenue: $36,186
- Gross Receipts: $683,305
Assets and Liabilities:
- Total Assets: $1,135,380
- Total Liabilities: $62,774
- Net Assets: $1,072,606
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$36,186
Organization Details
Founding Year
1940
Phone
(312) 443-3630Principal Officer
Linda Usher
Main Address
111 S Michigan Avenue, Chicago, IL, 60603
Website
www.scaaisc.orgNTEE Category
Code: A00C - Arts
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