Adler Planetarium EIN 36-6210902 Form 990 (PDF) Claim this org

Adler Planetarium

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Connects people to the universe and each other through shared sky experiences. For fiscal year 2025 it reported $22.0M in revenue, $17.5M in expenses, and $42.9M in net assets.Pt I

Founded
1930
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Chicago, IL
Website
www.adlerplanetarium.org
Filings
6 on file (2020–2025)
Revenue
$22.0MFY2025
Expenses
$17.5M
Net assets
$42.9M
People
66
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-6210902 Public charity (501(c)(3)) Chicago, IL Founded 1930
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Connects people to the universe and each other through shared sky experiences.
Leadership
Michelle B Larson PhD · Former President & CEO (thru 3/25) · $546K
Money in and out
$22.0M revenue, $17.5M expenses
Bottom line
71% program efficiency
Where the money goes · FY2025
Total revenue
$22.0M
Pt VIII · Ln 12
Total expenses
$17.5M
Pt IX · Ln 25
Net assets
$42.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.5M
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.22 Fundraising $0.07
Program efficiency
71%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
41.3mo
months of highly liquid reserves at operating expense rate▲ +35% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▲ +303% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$22.0M
FY2025▲ +27%
Expenses
$17.5M
FY2025▼ -8%
Total assets
$72.6M
FY2025▲ +6%
Total liabilities
$29.7M
FY2025▼ -0.6%
Total revenue
$22.0M
Pt VIII · Ln 12
Total expenses
$17.5M
Pt IX · Ln 25
Net assets
$42.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.5M
Total assetsPt X · Ln 16$72.6M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 355
Independent voting membersPt I · Ln 455

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdler Planetarium
EINHdr · item D36-6210902
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.adlerplanetarium.org
Year of formationHdr · item L1930
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A500)
Ruling yearIRS BMFSep 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a55
Independent voting membersPt VI · Ln 1b55
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Former President & CEO (thru 3/25)
$545,930Pt VII · Sec A
CFO, Inter. Pres. & CEO (beg 3/25)
$230,448Pt VII · Sec A
VP, Marketing & Communications
$223,920Pt VII · Sec A
VP, Science Engmt. & Visualization
$196,413Pt VII · Sec A
VP, Astronomy & Collections
$186,797Pt VII · Sec A
Controller
$131,239Pt VII · Sec A
Senior Director of Human Resources
$130,671Pt VII · Sec A
Director of Astronomy
$129,269Pt VII · Sec A

Michelle B Larson PHD’s $546K as Former President & CEO (thru 3/25) is at the 82nd percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle B Larson PHD$545,930$517,793$422,733
Michelle B Larson$417,804$406,234$425,988
Marcia J Heuser$231,116$223,950$222,519
Audris Wong$230,448$222,529$61,005
Cathleen Brueggemann$182,558$229,211$223,107$220,157
Ryutaro Mizuno$223,920$217,252$207,246$188,578$181,328$178,835
Laura Trouille$196,413$186,534$156,919$158,903$151,041$148,363
Andrew Johnston$186,797$178,334$156,457$158,566$151,207$149,363

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $12.4M of program spending, described in the organization's own filed words · FY2024.
01

Whether the adler planetarium is introducing a guest to the ring nebula, a neighborhood school to a community partner, a research team to a network of citizen scientists, or one staff member to another, the museum's focus on meaningful connections dates back nearly a century.

$12.4Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$10.6M · 48%
Program service revenue$5.8M · 26%
Investment income$4.1M · 19%
Other revenue$1.5M · 7%
Contributions & grants48%$10.6M
Program service revenue26%$5.8M
Investment income19%$4.1M
Other revenue7%$1.5M
— government grantsLn 1e$3.0M
Total revenueLn 12$22.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.22 Fundraising $0.07
Program services71%$12.4M
Management & general22%$3.8M
Fundraising7%$1.2M
Total functional expensesLn 25$17.5M

Balance Sheet

Part X · end of year
CashLn 1$9.4M
Total assetsLn 16$72.6M
Total liabilitiesLn 26$29.7M
Total net assetsLn 32$42.9M
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $53.1M · Operating expenses (Pt IX) $17.5M · Less non-cash grants $2.1M · Cash operating expenses/yr $15.4M
41.3 months
Where the money goes
Program services
Program services $12.4M · Total expenses $17.5M
71%
Management & General
Management & general $3.8M · Total expenses $17.5M
22%
Fundraising
Fundraising $1.2M · Total expenses $17.5M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $1.1M · Solicited contributions (3-yr avg) $6.2M
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $10.6M · Total revenue $22.0M
48%
Government reliance
Government grants $3.0M · Total revenue $22.0M
14%
Earned-income share
Program service revenue $5.8M · Total revenue $22.0M
26%
Investment reliance
Investment income $4.1M · Total revenue $22.0M
+19%
Program self-sufficiency
Program service revenue $5.8M · Total expenses $17.5M
33%
Growth & trend
Revenue growth (YoY)
This year $22.0M · Prior year $17.3M
+27%
Revenue CAGR
FY2019 $15.9M · FY2024 $22.0M
+7%
Net-asset trend (YoY)
End of year $42.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $22.0M · Expenses $17.5M
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $72.6M
Net-asset ratio
Net assets $42.9M · Total assets $72.6M
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $42.6M · Other securities (Pt X, ln 12) $1.1M · Total assets (Pt X, ln 16) $72.6M
60%
People & payroll
Highest Reported Total Compensation
Individual Audris Wong · Reported title CFO, INTER. PRES. & CEO (BEG 3/25) · Highest reported compensation $230K · Total expenses $17.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10.4M · Total expenses $17.5M
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 22%
Fundraising cost ratio 12%
Revenue growth 27%
Investment management fee ratio 0.09%
Legal fee ratio 0.5%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$150K
Grants paid · 13 grants · $66K · 2023–2024
Unitemized GrantFY2024$9,900
Unitemized GrantFY2024$7,800
Unitemized GrantFY2024$6,850
Unitemized GrantFY2024$2,500
Unitemized GrantFY2024$2,486
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$660
Unitemized GrantFY2023$11,215
Unitemized GrantFY2023$9,540
Unitemized GrantFY2023$7,930
Unitemized GrantFY2023$2,250
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$450

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$22.0M revenue · viewing · ⤓ 990 PDF
FY2024$17.3M revenue · ⤓ 990 PDF
FY2023$18.8M revenue · ⤓ 990 PDF
FY2022$24.2M revenue · ⤓ 990 PDF
FY2021$11.5M revenue · ⤓ 990 PDF
FY2020$15.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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