CHICAGO HISTORICAL SOCIETY

EIN: 362167004 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$15,748,259
Total Expenses
$16,978,721
Total Assets
$126,209,101
Net Assets
$67,095,655
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Financial Trends

Organization Details

Formation Year
1857
Legal Domicile
IL
Principal Officer
Cheryl Obermeyer
Phone
3126424600
Tax Period
2022-07-01 to 2023-06-30

CHICAGO HISTORICAL SOCIETY, founded in 1857, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.7M in total revenue in fiscal year 2022. Net assets of $67.1M represent 51 months of operating reserves.

Mission

The Chicago History Museum strives to be a destination for learning, inspiration, and civic engagement. Through dynamic exhibitions, tours, programs, digital resources, and special events, the Museum connects people to Chicago's history and to each other.

Program Service Accomplishments

Program 1
Expenses: $6,134,123 Revenue: $3,956,987

EDUCATION AND AUDIENCE - At the heart of the Chicago History Museum's mission to connect people to Chicago's history and each other, is our commitment to design and offer meaningful and relevant...

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EDUCATION AND AUDIENCE - At the heart of the Chicago History Museum's mission to connect people to Chicago's history and each other, is our commitment to design and offer meaningful and relevant programs, resources, and experiences within and beyond the museum walls. We strive to empower and inspire learners of all ages and backgrounds to investigate Chicago's rich histories and nurture their curiosity and potential to be active history makers. Through rich and diverse educational experiences and programs, we hope to inspire lifelong learning and contribute to shaping an urban society that is inclusive, empathetic, and aware of its power to learn from and make history and influence positive change for future generations. In FY23, a set of key programming and learning guidelines was established to ensure departmental learning was in alignment with CHM's institutional mission, contemporary museum learning discourse, and the nuanced needs of the groups the department serves. These guidelines required programming to be learner-centered, culturally responsive, inquiry and civic-minded, and actively anti-racist; allowing audiences to see themselves in history and make meaningful connections to their lives and Chicago.

Program 2
Expenses: $2,439,403 Revenue: $5,592,331

COLLECTIONS AND RESEARCH CHM houses a significant collection of artifacts, archives, and research materials, including over 23 million objects, over 30,000 linear feet of documents, and over five...

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COLLECTIONS AND RESEARCH CHM houses a significant collection of artifacts, archives, and research materials, including over 23 million objects, over 30,000 linear feet of documents, and over five million images. Among these materials are numerous items pertaining to Abraham Lincoln, one of the largest clothing and textile collections in the country, the Chicago Daily News and Chicago Sun-Times newspaper photo morgues, color photography taken by Vivian Maier, and the complete library of Studs Terkel's WFMT interviews. CHM seeks to maximize the discoverability and use of its collections through exhibition, digitization, and research. CHM's Abakanowicz Research Center (ARC), a non-circulating library, facilitates in-person access to books, periodicals, and archival materials, including photographic materials. It served 4603 patrons in 2023, including hundreds of History Day students. CHM's website introduces hundreds of thousands of annual online visitors to its collection, including access to over 370,000 digital images and an online catalog. It also provides visitors with the ability to make research inquiries.

Program 3
Expenses: $2,292,007 Revenue: $1,282,569

EXHIBITIONS CHM shares Chicago's stories, enabling visitors to explore historical themes and events and reflect on the city's diverse communities. CHM exhibits photos, videos, artifacts, and...

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EXHIBITIONS CHM shares Chicago's stories, enabling visitors to explore historical themes and events and reflect on the city's diverse communities. CHM exhibits photos, videos, artifacts, and interactive displays that connect audiences to history. Exhibitions are designed, fabricated, and installed according to national industry best practices and with an eye for innovative methods of interpretation. In addition to maintaining long-term exhibitions such as the landmark Chicago: Crossroads of America, Facing Freedom, and Sensing Chicago, CHM offered multiple temporary exhibitions in 2023. They included Back Home: Polish Chicago; City on Fire: Chicago 1871; Haunted Dolls 2: The Riddles of the Wayward Spirit; and Remembering Dr. King; 1929-1968.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $9,121,521
Program Service Revenue $2,265,090
Investment Income $4,460,223
Other Revenue $-98,575
TOTAL REVENUE $15,748,259

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,504,685
Fundraising Expenses $904,352
Program Expenses $10,865,533
Other Expenses $9,474,036
TOTAL EXPENSES $16,978,721

Year-over-Year Comparison

2022 2021 Change
Revenue $15,748,259 $15,038,485 +0.0%
Expenses $16,978,721 $15,016,771 +0.1%
Net Income $-1,230,462 $21,714 -57.7%
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
94
Independent Members
94
Employees
244
Volunteers
N/A

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
3
$604,266
Total Directors
63
$0
Key Employees
5
$679,759
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donald Lassere President and CEO 35
Officer Highest
$316,548 $0 $316,548
Cheryl Obermeyer Vice President of Finance 35
Officer Key Emp
$181,597 $0 $181,597
Michael Anderson Director Institutional Advancement, Major Gifts 35
Key Emp
$147,728 $0 $147,728
Thema McDonald Vice President of Marketing & Communications 35
Key Emp
$140,428 $0 $140,428
John Russick Senior Vice President 35
Officer Key Emp
$106,121 $0 $106,121
Shatierra Parks Senior Director of Human Resources 35
Key Emp
$103,885 $0 $103,885
Michael H Ebner Trustee 0
Director
$0 $0 $0
T Bondurant French Trustee 0
Director
$0 $0 $0
Lafayette J Ford Trustee 0
Director
$0 $0 $0
Sallie L Gaines Trustee 0
Director
$0 $0 $0
Alejandra Garza Trustee 0
Director
$0 $0 $0
Timothy J Gilfoyle Trustee 0
Director
$0 $0 $0
Mary Lou Gorno Trustee-Chair 0
Director
$0 $0 $0
David A Gupta Trustee 0
Director
$0 $0 $0
David D Hiller Trustee-Chair Emeritus 0
Director
$0 $0 $0
Edgar D Jannotta Trustee 0
Director
$0 $0 $0
Falona Joy Trustee 0
Director
$0 $0 $0
Randye A Kogan Trustee 0
Director
$0 $0 $0
Judith Konen Trustee 0
Director
$0 $0 $0
W Paul Krauss Trustee 0
Director
$0 $0 $0
Robert C Lee Trustee 0
Director
$0 $0 $0
Josephine Louis Trustee 0
Director
$0 $0 $0
Timothy P Moen Trustee 0
Director
$0 $0 $0
Ralph G Moore Trustee 0
Director
$0 $0 $0
Potter Palmer Trustee 0
Director
$0 $0 $0
Jesse H Ruiz Trustee 0
Director
$0 $0 $0
Joseph Seliga Trustee 0
Director
$0 $0 $0
Gordon I Segal Trustee 0
Director
$0 $0 $0
Larry Selander Trustee 0
Director
$0 $0 $0
Paul L Snyder Trustee 0
Director
$0 $0 $0
Samuel J Tinaglia Trustee 0
Director
$0 $0 $0
Ali Velshi Trustee 0
Director
$0 $0 $0
Gail Ward Trustee 0
Director
$0 $0 $0
Monica M Weed Trustee 0
Director
$0 $0 $0
Robert R Yohanan Trustee 0
Director
$0 $0 $0
Tobin E Hopkins Trustee 0
Director
$0 $0 $0
Gregory Besio Trustee 0
Director
$0 $0 $0
Barbara A Hamel Trustee 0
Director
$0 $0 $0
James L Alexander Trustee 0
Director
$0 $0 $0
Matthew Blakely Trustee 0
Director
$0 $0 $0
David P Bolger Trustee 0
Director
$0 $0 $0
Laurence O Booth Trustee 0
Director
$0 $0 $0
Paul Carlisle Trustee 0
Director
$0 $0 $0
Rita Sola Cook Trustee 0
Director
$0 $0 $0
John W Croghan Trustee 0
Director
$0 $0 $0
Patrick F Daly Trustee 0
Director
$0 $0 $0
Patrick W Dolan Trustee 0
Director
$0 $0 $0
James P Duff Trustee 0
Director
$0 $0 $0
Paul H Dykstra Trustee 0
Director
$0 $0 $0
Walter C Carlson Trustee-Chair Emeritus 0
Director
$0 $0 $0
Guillermo Garcia Trustee 0
Director
$0 $0 $0
Janice Jackson Trustee 0
Director
$0 $0 $0
Jennifer Kirk Trustee 0
Director
$0 $0 $0
Mark Potter Trustee 0
Director
$0 $0 $0
Lei Shen Trustee 0
Director
$0 $0 $0
Jonathon Skinner Trustee 0
Director
$0 $0 $0
Arnaldo Rivera Trustee 0
Director
$0 $0 $0
Mark D Trembacki Trustee-Second Vice Chair 0
Director
$0 $0 $0
Warren K Chapman Trustee-First Vice Chair 0
Director
$0 $0 $0
Daniel S Jaffee Trustee-Chair Emeritus 0
Director
$0 $0 $0
Michael Barzyk Trustee 0
Director
$0 $0 $0
Dionne Danns Trustee 0
Director
$0 $0 $0
Gary S Feinerman Trustee 0
Director
$0 $0 $0
John N Low Trustee 0
Director
$0 $0 $0
Robert Manuel Trustee 0
Director
$0 $0 $0
David A Mordini Trustee 0
Director
$0 $0 $0
Maggie M Morgan Trustee 0
Director
$0 $0 $0
Elizabeth D Richter Trustee 0
Director
$0 $0 $0
J Michael Whitted Trustee 0
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $15,748,259 $16,978,721 $126,209,101 $-1,230,462
2022 $15,038,485 $15,016,771 $127,431,701 $21,714
2021 $16,768,760 $14,865,994 $142,770,893 $1,902,766
2020 $15,725,952 $17,310,325 $120,490,653 $-1,584,373
2019 $14,365,120 $19,040,120 $121,638,136 $-4,675,000
2018 $15,089,750 $18,077,423 $123,085,091 $-2,987,673
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