PRESERVATION CHICAGO

EIN: 010674228 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$1,830,249
Total Expenses
$636,100
Total Assets
$2,623,718
Net Assets
$2,616,687
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
WARD MILLER
Phone
3124431000
Tax Period
2024-01-01 to 2024-12-31

PRESERVATION CHICAGO, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 65% operating margin.

Mission

THROUGHOUT THE CITY OF CHICAGO, PRESERVATION CHICAGO IS COMMITTED TO STRENGTHENING THE VIBRANCY OF CHICAGO'S ECONOMY AND QUALITY OF LIFE BY CHAMPIONING OUR HISTORIC BUILT ENVIRONMENT. PRESERVATION CHICAGO PROTECTS AND REVITALIZES CHICAGO'S IRREPLACEABLE ARCHITECTURE, NEIGHBORHOODS AND URBAN GREEN SPACES. WE INFLUENCE STAKEHOLDERS TOWARD CREATIVE REUSE AND PRESERVATION THROUGH ADVOCACY, OUTREACH, EDUCATION, AND PARTNERSHIP.

Program Service Accomplishments

Program 1
Expenses: $440,593

2024 PROVED TO BE REMARKABLE. MANY LONG-ENDANGERED BUILDINGS FINALLY EMERGED AS PRESERVATION 'WINS' THROUGH LANDMARKING. PRESERVATION CHICAGO HAS BEEN DEEPLY ENGAGED WITH MANY OF THESE LONG-TERM...

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2024 PROVED TO BE REMARKABLE. MANY LONG-ENDANGERED BUILDINGS FINALLY EMERGED AS PRESERVATION 'WINS' THROUGH LANDMARKING. PRESERVATION CHICAGO HAS BEEN DEEPLY ENGAGED WITH MANY OF THESE LONG-TERM EFFORTS AND OUR LEADERSHIP AND INVOLVEMENT WITH THESE ADVOCACY EFFORTS PROVED DECISIVE. AFTER SO MANY YEARS OF EFFORT, TO FINALLY SEE THESE BUILDINGS IN A SAFE PLACE IS BOTH WONDERFULLY EXHILARATING AND PROVIDES AS PROFOUND SENSE OF RELIEF. A FEW HIGHLIGHTS INCLUDE: CENTURY & THE CONSUMERS BUILDING, THOMPSON CENTER, ST. ADALBERT PARISH COMPLEX, RECTOR BUILDING, WAX TRAX! RECORDS, 161 E. ERIE, HARRIS TRUST & SAVINGS BANK, KINGDOM BAPTIST CHURCH, HYDE PARK UNION CHURCH, WERNER BROTHERS STORAGE, RAMOVA THEATER, MARSHALL SQUARE THEATER, CONGRESS THEATER. MARS CHOCOLATE FACTORY, CRITTENTON ANCHORAGE, STOCK YARDS BANK, HUMBOLDT PARK RECEPTORY BUILDING AND STABLE, LUDLOW TYPOGRAPH COMPANY, AND MANY MORE.OUR INNOVATIVE LEVERAGED IMPACT ADVOCACY MODEL USES AMPLIFICATION AND PROTECTION TO CATALYZE THE TARGETED STRATEGIC INVESTMENT ESSENTIAL TO ALLOW OUR COMMUNITIES TO BEGIN TO HEAL. THIS DYNAMIC ADVOCACY MODEL HAS SUCCESSFULLY HARNESSED THE POWER OF HISTORIC PRESERVATION AND CATALYZED HUNDREDS OF MILLIONS OF DOLLARS OF PUBLIC AND PRIVATE INVESTMENT, PRIMARILY IN COMMUNITIES OF DISINVESTMENT. EVERYTHING WE DO IS PRO BONO.BY MOBILIZING WIDESPREAD GOODWILL THROUGH EXTENSIVE MEDIA COVERAGE, AND DEPLOYING ROBUST LANDMARK PROTECTIONS AGAINST DEMOLITION, WE CREATE THE STABILITY NECESSARY TO SECURE THE PUBLIC, PRIVATE AND PHILANTHROPIC FUNDING ESSENTIAL FOR CONVERTING LONG-NEGLECTED HISTORIC ASSETS INTO DYNAMIC NEIGHBORHOOD ANCHORS.STEP 1 - AMPLIFICATION: WE INFORMALLY PARTNER WITH THE PRESS. IN 2024, THERE WERE 428 NEWS STORIES ABOUT THE HISTORIC BUILDINGS WE ADVOCATED FOR AND WE WERE QUOTED OR MENTIONED IN 223 OF THESE STORIES.STEP 2 - PROTECTION: IN 2024, WE TESTIFIED OVER 106 TIMES AT CITY HALL MEETINGS TO HELP GENERATE 11 NEW CHICAGO LANDMARKS, TO SUPPORT ADOPT-A-LANDMARK AWARDS, AND TO SUPPORT CLASS L DESIGNATIONS.STEP 3 - INVESTMENT: WITHOUT GRANTMAKING CAPACITY OURSELVES, WE HARNESS MASSIVE MUNICIPAL AND PRIVATE INVESTMENT. IN 2024, CHICAGO ANNOUNCED AN $2.4M INVESTMENT THROUGH ADOPT-A-LANDMARK FUNDS. WE WERE DIRECTLY INVOLVED WITH ALL 3 OF THE SITES SELECTED.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,739,292
Program Service Revenue $0
Investment Income $87,493
Other Revenue $3,464
TOTAL REVENUE $1,830,249

Expense Breakdown

Grants Paid $0
Salaries & Benefits $379,718
Fundraising Expenses $82,413
Program Expenses $440,593
Other Expenses $256,382
TOTAL EXPENSES $636,100

Year-over-Year Comparison

2024 2023 Change
Revenue $1,830,249 $1,617,322 +0.1%
Expenses $636,100 $471,921 +0.3%
Net Income $1,194,149 $1,145,401 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$122,357
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD SUSTER PRESIDENT 5.00
Officer Director
$0 $0 $0
JACOB KAPLAN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
STUART BERMAN TREASURER 5.00
Officer Director
$0 $0 $0
DEBBIE DODGE SECRETARY 5.00
Officer Director
$0 $0 $0
CATHIE BOND BOARD MEMBER 2.00
Director
$0 $0 $0
DIANE GONZALEZ BOARD MEMBER 2.00
Director
$0 $0 $0
JOYCE JACKSON BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREA REED BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLES VINZ BOARD MEMBER 2.00
Director
$0 $0 $0
JACK SPICER BOARD MEMBER 2.00
Director
$0 $0 $0
JOANNE YASUS BOARD MEMBER 2.00
Director
$0 $0 $0
WARD MILLER EXECUTIVE DIRECTOR 40.00
Officer
$106,500 $15,857 $122,357
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,830,249 $636,100 $2,623,718 $1,194,149
2023 $1,617,322 $471,921 $1,393,136 $1,145,401
2022 $399,066 $439,529 $247,189 $-40,463
2021 $509,303 $368,446 $291,950 $140,857
2020 $319,350 $327,311 $187,783 $-7,961
2019 $292,415 $323,073 $147,921 $-30,658
2018 $286,649 $223,902 $177,307 $62,747
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