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Floating Museum Nfp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 813014324 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Floating Museum Nfp?

Floating Museum NFP is a collaborative arts organization based in Chicago, Illinois, specifically at 7208 S Merrill, 60649. Their mission revolves around creating temporary, site-responsive museum spaces within the city's neighborhoods, aiming to activate sites rich in cultural potential. This is accomplished through collaborations with local artists, historians, and organizations, who work together to stage events that challenge conventional museum practices and stimulate community engagement and dialogue. Their activities explore the relationships between art, community, architecture, and public institutions, delving into the infrastructure, history, and aesthetics of various spaces.


Official website here: www.floatingmuseum.org

Is Floating Museum Nfp legitimate?

Floating Museum Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Floating Museum Nfp 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: $0

For more financial information, click here


Official website here: www.floatingmuseum.org

What is the mission statement of Floating Museum Nfp?

The Floating Museum NFP is a collaborative arts organization that aims to stimulate community engagement and foster conversations by establishing temporary, site-specific museum spaces in Chicago's neighborhoods. They collaborate with local artists, historians, and organizations, challenging conventional museum practices and encouraging the exploration of relationships between art, community, architecture, and public institutions. The organization's activities aim to activate sites of cultural potential and spark discussions, contributing to the local community and the art scene.


Official website here: www.floatingmuseum.org

What is the revenue of Floating Museum Nfp?

Floating Museum Nfp's revenue in 2023 was $3,001,674.


Official website here: www.floatingmuseum.org

Who are the executives of Floating Museum Nfp and what are their salaries?

There 10 volunteers at Floating Museum Nfp.

Here are 3 key members and their salaries:


Faheem Majeed (Exec Dir/Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremiah Hulsebos Spofford (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Schachman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.floatingmuseum.org

Where can I find the form 990 for Floating Museum Nfp?

Floating Museum Nfp's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.floatingmuseum.org

Learn more at the official website: www.floatingmuseum.org

Mission Statement of Floating Museum Nfp

Floating Museum NFP, a collaborative arts organization, is dedicated to revolutionizing the traditional museum experience. They achieve this by creating temporary, site-specific museum spaces in Chicago's diverse neighborhoods. By engaging local artists, historians, and organizations, Floating Museum challenges conventional museum thinking and stimulates community engagement and dialogue. Their primary goal is to activate sites of cultural significance, fostering meaningful conversations and interactions between the community and art.

Floating Museum NFP operates as an art collective, exploring the intricate relationships between art, community, architecture, and public institutions. Through site-responsive art, design, and programming, they delve into the potential of these relationships. Their approach considers the infrastructure, history, and aesthetics of each space, ultimately aiming to breathe new life into underutilized areas and spark creative innovation. By engaging with the community and local artists, Floating Museum NFP fosters a sense of belonging and encourages the exploration of Chicago's rich cultural heritage.

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Impact




July, 2024

Floating Museum NFP collaborates with local artists, historians, and organizations to create temporary museum spaces in Chicago neighborhoods that challenge cultural potential, while exploring the relationships between art, community, architecture and public institutions. Through their site-responsive art, design, and programming, they aim to consider the potential in these relationships. This initiative is making a significant impact by bringing art and culture directly to neighborhoods, engaging the community, and fostering a deeper appreciation for art and history in Chicago. By creating these temporary museum spaces, Floating Museum NFP is sparking dialogue, creativity, and collaboration within the community, ultimately enriching the cultural landscape of the city.




This information is meant to be a general summary of Floating Museum Nfp. 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.

Revenue
$3,001,674 (2023)
Expenses
$446,446 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $13,411
  • Program Service Revenue: $6,900
  • Gross Receipts: $3,001,674

Assets and Liabilities:

  • Total Assets: $529,061
  • Total Liabilities: $137,024
  • Net Assets: $392,037

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fiscal Sponsorship Fees

Revenue

$4,000

Rentals

Revenue

$2,900

Organization Details

Founding Year

2016

Principal Officer

Faheem Majeed

NTEE Category

Code: A51 - Arts

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