THE ART INSTITUTE OF CHICAGO Charity Report

Public IRS 990 nonprofit record

THE ART INSTITUTE OF CHICAGO

EIN 36-2167725 · Education (B400)

What they do

THE ART INSTITUTE of CHICAGO, A NOT-FOR-PROFIT CORPORATION, is BOTH A MUSEUM and AN INSTITUTION of HIGHER EDUCATION THAT EXISTS to PROVIDE APPRECIATION and EDUCATION IN VISUAL FINE ARTS and DESIGN.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders85 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.25%of revenue went to mission work89.1% of expenses · Program services

2.42%of revenue went to fundraising2.9% of expenses

$82.24spent for every $100 of revenueRevenue covered expenses this year.

6.57%of revenue went to management and office costs8.0% of expenses

$5.75in assets for every $1 spent this yearSome assets cannot be spent right away.

17.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,163,144 for JAMES RONDEAU (PRESIDENT, MUSEUM). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$464,393,130

Mission workProgram services$340,177,79773.25% of revenue89.1% of expenses

ManagementOffice and general costs$30,488,8896.57% of revenue8.0% of expenses

FundraisingAsking for donations$11,250,7082.42% of revenue2.9% of expenses

Revenue left after expensesReported annual surplus$82,475,73617.76% of revenueShown in gray on the chart

Total expenses$381,917,39482.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.1% mission · 8.0% management · 2.9% fundraisingTotal expenses: 82.24% of revenue

2023Expense mix: 88.0% mission · 8.5% management · 3.5% fundraisingTotal expenses: 70.51% of revenue

2022Expense mix: 88.8% mission · 8.2% management · 3.0% fundraisingTotal expenses: 94.56% of revenue

2021Expense mix: 88.2% mission · 8.2% management · 3.6% fundraisingTotal expenses: 72.29% of revenue

2020Expense mix: 88.9% mission · 7.8% management · 3.3% fundraisingTotal expenses: 89.52% of revenue

2019Expense mix: 88.1% mission · 8.4% management · 3.5% fundraisingTotal expenses: 90.06% of revenue

2018Expense mix: 88.3% mission · 8.3% management · 3.4% fundraisingTotal expenses: 86.21% of revenue

2017Expense mix: 87.8% mission · 9.2% management · 3.0% fundraisingTotal expenses: 91.34% of revenue

Money in and money out

Revenue$464,393,130

Expenses$381,917,394

Annual surplus $82,475,736 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$340,177,797 · 89.1% of expenses

Management and office costs$30,488,889 · 8.0% of expenses

Fundraising$11,250,708 · 2.9% of expenses

See all reported dollar amounts

Revenue$464,393,130

Expenses$381,917,394

Assets$2,194,246,798

Income$773,297,676

Contributions$80,549,211

Mission work (program services)$340,177,797

Fundraising$11,250,708

Management and general$30,488,889

Executive compensation (total)$5,761,926

Stocks and bonds$1,021,729,730

Accounting fees$366,155

Investing fees$2,851,825

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JAMES RONDEAUPRESIDENT, MUSEUM · 40 hrs/week $1,163,144Base $1,024,393 · Other $138,751

ELISSA TENNYPRESIDENT, SAIC ENDED 07/2024 · 40 hrs/week $816,821Base $753,076 · Other $63,745

ALEXANDRA HOLTEVP FOR FINANCE AND ADMIN · 40 hrs/week $566,257Base $511,868 · Other $54,389

EUGENE ADAMSCHIEF INFORMATION OFFICER · 40 hrs/week $470,024Base $256,998 · Other $213,026

LESLIE DARLINGEVP, GENERAL CSL & SECRETARY · 40 hrs/week $467,790Base $416,960 · Other $50,830

SARAH GUERNSEYDEPUTY DIR & SR VP CUR AFFAIRS · 40 hrs/week $463,382Base $357,259 · Other $106,123

AMY ALLENSENIOR VP, ENGAGEMENT, MUSEUM · 40 hrs/week $447,727Base $344,764 · Other $102,963

MARTIN BERGERPROVOST & SR VP ACAD AFFAIRS · 40 hrs/week $436,802Base $394,834 · Other $41,968

DAVID NACOLSENIOR VP, PHILANTHROPY · 40 hrs/week $429,843Base $372,790 · Other $57,053

JISEON LEE ISBARAPRESIDENT, SCHOOL · 40 hrs/week $386,794Base $354,039 · Other $32,755

THOMAS BUECHELEVP, CAMPUS OPERATIONS, SCHOOL · 40 hrs/week $365,356Base $253,337 · Other $112,019

DENISE BANKSCHIEF HR OFFICER · 40 hrs/week $344,755Base $311,123 · Other $33,632

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (85)

JAMES RONDEAUPRESIDENT, MUSEUM

ELISSA TENNYPRESIDENT, SAIC ENDED 07/2024

ALEXANDRA HOLTEVP FOR FINANCE AND ADMIN

EUGENE ADAMSCHIEF INFORMATION OFFICER

LESLIE DARLINGEVP, GENERAL CSL & SECRETARY

SARAH GUERNSEYDEPUTY DIR & SR VP CUR AFFAIRS

AMY ALLENSENIOR VP, ENGAGEMENT, MUSEUM

MARTIN BERGERPROVOST & SR VP ACAD AFFAIRS

DAVID NACOLSENIOR VP, PHILANTHROPY

JISEON LEE ISBARAPRESIDENT, SCHOOL

THOMAS BUECHELEVP, CAMPUS OPERATIONS, SCHOOL

DENISE BANKSCHIEF HR OFFICER

ROSE MILKOWSKIVP, ENROLLMENT MANAGEMENT

KATHRYN RAHNSR VP, MARKETING & COMMS

MATTHEW NORRISVP, ENTERPRISE SOFTWARE ANALYT

EVELYN JEFFERSFORMER COO, MUSEUM

ANN GOLDSTEINDEPUTY DIR & SR CURATOR AT LG

CAMILLE MARTIN-THOMSENDEAN OF FACULTY & VP ACAD

EMILY BENEDICTVP, CAMPUS OPERATIONS, MUSEUM

ANTOINETTE MURRILDEPUTY CHIEF HR OFFICER

LISA WAINWRIGHTFORMER FAC DEAN/VP ACAD DEAN

COURTNEY ROWEVP FOR ADV, SAIC ENDED 08/2024

LORI GRAY FAVERSHAMTRUSTEE

MICHELLE BOONETRUSTEE

KIP KIRKPATRICKTRUSTEE

KRISTIN REYTRUSTEE

MARILYNN THOMATRUSTEE

LAWRENCE F LEVYTRUSTEE - ENDED 11/12/24

MAMADOU-ABOU SARRTRUSTEE - ENDED 6/11/25

LESLIE BUCHBINDERTRUSTEE

LINDA SMITH BUONANNOTRUSTEE

LINDA JOHNSON RICETRUSTEE

LESTER N CONEYTRUSTEE

ROBERT J BUFORDTRUSTEE

USHA MITTALTRUSTEE

SYLVIA M NEILVICE CHAIR

STEPHANIE SKESTOS GABRIELETRUSTEE

SHAWN M DONNELLEYTRUSTEE

SCOTT CANELTRUSTEE

SARAH N GARVEYTRUSTEE

SAMUEL M MENCOFFVICE CHAIR

ROBERT M LEVYTRUSTEE

MAURICE SMITHTRUSTEE

RITA SOLA COOKTRUSTEE

REEVE B WAUDTRUSTEE

PAUL J CARBONETREASURER

PAMELA JOYNERTRUSTEE - ENDED 5/9/25

JILL DELANEYTRUSTEE

MICHAEL J SACKSVICE CHAIR

MICHAEL POLSKYTRUSTEE

ARJUN AGGARWALTRUSTEE

E SCOTT SANTITRUSTEE

DENISE B GARDNERTRUSTEE

DAVID J VITALEVICE CHAIR

DARREL HACKETTVICE CHAIR

CHRISTOPHER KEOGHTRUSTEE

CARYN HARRISTRUSTEE

CARY D MCMILLANTRUSTEE

CAROL HORVITZTRUSTEE

ERIC P LEFKOFSKYCHAIR

ANNE SEARLE BENTTRUSTEE

ANNE REYESTRUSTEE

ANITA K SINHATRUSTEE

ANITA BLANCHARDTRUSTEE

ANDREW M ROSENFIELDTRUSTEE

ALEXANDER STUARTTRUSTEE

ALEX WASHINGTONTRUSTEE

ADNAAN HAMIDTRUSTEE

JACOLYN BUCKSBAUMTRUSTEE - AS OF 11/12/24

JOSEPH P GROMACKITRUSTEE

JOSEF LAKONISHOKTRUSTEE

JOHN F MANLEYTRUSTEE

JOHN VANDERLINDENTRUSTEE

JOE MANSUETOTRUSTEE

A STEVEN CROWNTRUSTEE

JAY FREDERICK KREHBIELTRUSTEE

JANET DUCHOSSOISTRUSTEE - ENDED 11/12/24

KAREN Z GRAY-KREHBIELTRUSTEE

HOWARD M MCCUE IIITRUSTEE

HONGHONG CHENTRUSTEE

HEIJI CHOY BLACKTRUSTEE

FREDERICK H WADDELLTRUSTEE

FRED EYCHANERTRUSTEE - ENDED 11/12/24

FRANCES BEATTYTRUSTEE

ERIC T MCKISSACKTRUSTEE

About this charity

Recognized since: January 1925
Location: 111 S MICHIGAN AVE, CHICAGO, IL 60603-6110
County: Cook
In care of: % ALEXANDRA HOLT
Primary officer: ALEXANDRA HOLT, EXEC VP, FIN & ADMIN

How to reach them

Phone(312) 443-3600 Officer phone(312) 499-4265

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Education (B400)
IRS tax category: Colleges, Universities, and Professional Schools