Driehaus Design Initiative FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 27-1694951Revenue $311K in FY2020

On file with the IRSdriehausdesign.org7144 N Harlem Avenue Suite 168, 60631-1017 · Chicago, ILTax-exempt since Apr 2010Private non-operating foundation

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To promote and encourage design education, public appreciation of design, and the understanding of design history.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $720K a year · 71% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$142K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$311K
Spent
$349K
To programs
78%
Net assets
$191K
By yearFY2020–FY2025
Revenue
$311K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$311K
FY2021$5.0M
FY2022$80K
FY2023$157K
FY2024$274K
FY2025$295K
Expenses
$349K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$349K
FY2021$34K
FY2022$173K
FY2023$184K
FY2024$411K
FY2025$649K
Net assets
$191K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$191K
FY2021$5.2M
FY2022$4.9M
FY2023$5.4M
FY2024$5.7M
FY2025$5.8M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $271K Management & general 22% · $78K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President & Director
$0Pt VII · Sec A
Secretary & Director
$0Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
See Driehaus Design Initiative executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes design education, public appreciation, and understanding of design history.

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Provided by the organization

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1 program · $271K · in their own filed words · FY2020
01

Driehaus Design Initiative organizes an annual fashion show. During 2020, the event was cancelled due to the COVID-19 pandemic. Costs for organizing the show were incurred before it was known the event would be cancelled and deposits were forfeited.

$271Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$5
Grants paid · 16 grants · $661K · 2020–2025
School of the Art Institute of ChicagoFY2025$76,000
Dominican UniversityFY2025$75,000
Columbia College ChicagoFY2025$75,000
Dominican UniversityIL · FY2024$40,000
School of the Art Institute of ChicagoFY2024$35,000
Columbia College ChicagoIL · FY2024$35,000
Chicago History MuseumIL · FY2024$10,000
Dominican UniversityIL · FY2023$35,000
School of the Art Institute of ChicagoFY2023$35,000
Columbia College ChicagoIL · FY2023$35,000
Dominican UniversityIL · FY2022$35,000
School of the Art Institute of ChicagoFY2022$35,000
Columbia College ChicagoIL · FY2022$35,000
Dominican UniversityIL · FY2020$35,000
The Art Institute of ChicagoIL · FY2020$35,000
Columbia CollegeMO · FY2020$35,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$311K
Ln 12
Gifts and grantsLn 1h$311K
Investment incomeLn 3$15
Money outPt IX
$349K
Ln 25
Programscol B$271K
Managementcol C$78K
Owns and owesPt X
$191K
net assets · Ln 32
Cash and savingsLn 1–2$331K
Total assetsLn 16$333K
LiabilitiesLn 26$142K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$311K
Investment incomeLn 3$15
Gains on assetsLn 7$0
Total revenueLn 12$311K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$331K
Cash and savings togetherLn 1–2$331K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$333K
LiabilitiesLn 26$142K
Net assetsLn 32$191K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$212K$331K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$239K$333K
LiabilitiesLn 26$11K$142K
Net assetsLn 32$228K$191K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$105K$105K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$21K$21K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K$114
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$177K$165K$12K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$349K$271K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $295K$649K−$354K$5.8M 990 PDF
FY2024 $274K$411K−$138K$5.7M 990 PDF
FY2023 $157K$184K−$27K$5.4M 990 PDF
FY2022 $80K$173K−$93K$4.9M 990 PDF
FY2021 $5.0M$34K$5.0M$5.2M 990 PDF
FY2020 Viewing $311K$349K−$37K$191K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $311,281 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $736,660$311,266
I-9 Program service revenuePrior year $29,420$0
I-10 Investment incomePrior year $12$15
I-11 Other revenuePrior year $16,500$0
I-12 Total revenuePrior year $782,592$311,281
I-13 Grants and similar amounts paidPrior year $207,000$105,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $394,881$243,749
I-18 Total expensesPrior year $601,881$348,749
I-19 Revenue less expensesPrior year $180,711−$37,468
Part VI · Governance 2 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $311,281 across 8 lines filed
VIII-1f All other contributions, gifts and grants$311,266
VIII-1h Total contributions, gifts and grants$311,266
VIII-3 Investment incomeExcluded from tax $15$15
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $15$311,281
Part IX · Statement of functional expenses $348,749 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $105,000$105,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $31,116$31,116
IX-11c Accounting feesManagement $21,432$21,432
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,057 · Management $114$1,171
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,245$1,245
IX-24 Other expenses (24a–d)Programs $164,656 · Management $12,000$176,656
IX-24e All other expensesManagement $12,129$12,129
IX-25 Total functional expensesPrograms $270,713 · Management $78,036 · Fundraising $0$348,749
Part X · Balance sheet $332,854 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $212,129$330,542
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $27,111$2,312
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $239,240$332,854
X-17 Accounts payable and accrued expensesStart of year $10,931$37,043
X-18 Grants payableStart of year $0$105,000
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $30$0
X-26 Total liabilitiesStart of year $10,961$142,043
X-27 Net assets without donor restrictionsStart of year $28,279$190,811
X-28 Net assets with donor restrictionsStart of year $200,000$0
X-32 Total net assets or fund balancesStart of year $228,279$190,811
X-33 Total liabilities and net assetsStart of year $239,240$332,854
Part XI · Reconciliation of net assets $190,811 net assets at year end
XI-1 Total revenue$311,281
XI-2 Total expenses$348,749
XI-3 Revenue less expenses−$37,468
XI-4 Net assets at start of year$228,279
XI-10 Net assets at end of year$190,811

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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