Kenneth C Griffin Museum of Science and Industry

EIN: 362167797 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$66,431,592
Total Expenses
$62,342,402
Total Assets
$433,034,472
Net Assets
$382,942,590
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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
IL
Principal Officer
A Chevy Humphrey
Phone
7736841414
Tax Period
2024-01-01 to 2024-12-31

Kenneth C Griffin Museum of Science and Industry, founded in 1933, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $66.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $62.3M left a modest 6% surplus.

Mission

The Kenneth C. Griffin Museum of Science and Industry (the Museum), a 501(c)(3) corporation, is the largest science museum in the Western hemisphere and home to thousands of artifacts. For 90 years, the Museum has been a premier destination in Chicago, Illinois. The Museum's mission is to inspire the inventive genius in everyone, and its vision is rooted in the Museum's historic rotunda engraving: Science discerns the laws of nature, industry applies them to the needs of humankind. The Museum welcomes over 1.4 million guests annually and is the top Chicago museum field trip destination for students. Through its education programs, the Museum engages over half a million participants annually in science education programs.

Program Service Accomplishments

Program 1
Expenses: $35,598,467 Revenue: $16,603,274

Griffin MSI features world-class permanent exhibitions that inspire and excite guests and imbue interest in STE(A)M. In Science Storms, guests can experience the extraordinary science behind some of...

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Griffin MSI features world-class permanent exhibitions that inspire and excite guests and imbue interest in STE(A)M. In Science Storms, guests can experience the extraordinary science behind some of nature's most powerful and compelling phenomena. Visitors can step aboard the U-505 Submarine to learn about the only German U-boat captured during World War II, surrounded by historic artifacts and interactive activities. Guest can also take a real hoist 50 feet down to the Coal Mine, a reproduction of an Illinois mineshaft that first opened along with the Museum in 1933. One of the Musuem's newest acquisitions which debuted in 2024, the Space X Dragon, is featured in the Henry Crown Space Center, where guests can explore and understand the cosmos. And the Griffin Studio is an immersive multimedia space offering state-of-the-art technology to host dynamic and ever-changing exhibits.

Program 2
Expenses: $8,568,521 Revenue: $942,089

Educational Programs and Activities. Education at the museum occurs both inside the museum walls, and the community and schools surrounding the museum and beyond. Hands-on student programming such as...

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Educational Programs and Activities. Education at the museum occurs both inside the museum walls, and the community and schools surrounding the museum and beyond. Hands-on student programming such as labs, STEAM clubs, Girls in STEM events, career showcases, teacher professional development, maker space training, and camps are some of the ways the museum approaches reaching students and their ecosystem to ensure STEAM opportunities and exposure is at the forefront of what the museum does to prepare them for skills needed beyond school.

Program 3
Expenses: $7,034,492 Revenue: $2,836,904

Museum and Operations, which include Program Support Services and Exhibit Maintenance. These expenses support the Museum's mission of inspiring the inventive genius in everyone by providing guests...

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Museum and Operations, which include Program Support Services and Exhibit Maintenance. These expenses support the Museum's mission of inspiring the inventive genius in everyone by providing guests and teachers with integrated learning experiences and programming that is centered on exciting and interactive exhibits that help explain how science directly impacts our daily lives.

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,562,202
Program Service Revenue $21,993,865
Investment Income $15,069,712
Other Revenue $5,805,813
TOTAL REVENUE $66,431,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,541,778
Fundraising Expenses $3,207,475
Program Expenses $52,645,583
Other Expenses $37,585,224
TOTAL EXPENSES $62,342,402

Year-over-Year Comparison

2024 2023 Change
Revenue $66,431,592 $58,414,869 +0.1%
Expenses $62,342,402 $56,870,519 +0.1%
Net Income $4,089,190 $1,544,350 +1.6%
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
85
Independent Members
84
Employees
417
Volunteers
200

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
20
$923,879
Total Directors
92
$923,879
Key Employees
5
$1,643,061
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
A Chevy Humphrey President & CEO/Trustee 35.00
Officer Director
$806,812 $117,067 $923,879
David J Vitale Chairman/Trustee 1.00
Officer Director
$0 $0 $0
David A Fisher Treasurer/Trustee 1.00
Officer Director
$0 $0 $0
Michelle L Collins Secretary/Trustee 1.00
Officer Director
$0 $0 $0
Matthew J Boler Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Allan E Bulley Jr Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Frank M Clark Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Douglas M Cook Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Kent P Dauten Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Anthony B Davis Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Pedro DeJesus Jr Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Ann M Drake Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Joseph M Erlinger Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Robert A Livingston Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Barry L MacLean Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Duncan A MacLean Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
DG Macpherson Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Robert F Pasin Vice Chairman/Trustee (until 7/8/24) 1.00
Officer Director
$0 $0 $0
Sheila A Penrose Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
E Scott Santi Vice Chairman/Trustee 1.00
Officer Director
$0 $0 $0
Uma M Amuluru Trustee 1.00
Director
$0 $0 $0
Jeffrey R Applebaum Trustee 1.00
Director
$0 $0 $0
Pat A Basu Trustee 1.00
Director
$0 $0 $0
Cathy Birkeland Trustee 1.00
Director
$0 $0 $0
Doug Boersma Trustee 1.00
Director
$0 $0 $0
Barbara L Bowles Trustee 1.00
Director
$0 $0 $0
Stephanie Braming CFA Trustee 1.00
Director
$0 $0 $0
Byron T Brazier DMin Trustee 1.00
Director
$0 $0 $0
Chris Cartwright Trustee 1.00
Director
$0 $0 $0
Piyush Chaudhari Trustee 1.00
Director
$0 $0 $0
Andrew Clarke Trustee 1.00
Director
$0 $0 $0
Kelley Conway Trustee 1.00
Director
$0 $0 $0
Rita Sola Cook Trustee 1.00
Director
$0 $0 $0
Richard H Copans Trustee 1.00
Director
$0 $0 $0
Christopher M Crane Trustee (until 4/13/24) 1.00
Director
$0 $0 $0
Kevin Cross Trustee 1.00
Director
$0 $0 $0
Katherine C Doyle Trustee 1.00
Director
$0 $0 $0
James J Drury III Trustee 1.00
Director
$0 $0 $0
Joshua Earnest Trustee 1.00
Director
$0 $0 $0
Richard Edelman Trustee 1.00
Director
$0 $0 $0
Opella Ernest Trustee 1.00
Director
$0 $0 $0
W James Farrell Trustee 1.00
Director
$0 $0 $0
James T Glerum Jr Trustee 1.00
Director
$0 $0 $0
Catherine P Greenspon Trustee 1.00
Director
$0 $0 $0
Myetie Hamilton Trustee 1.00
Director
$0 $0 $0
Stephanie J Hickman Trustee 1.00
Director
$0 $0 $0
Steven Hunter Trustee 1.00
Director
$0 $0 $0
Justin Ishbia Trustee 1.00
Director
$0 $0 $0
Rashad R Johnson PE Trustee 1.00
Director
$0 $0 $0
Edward L Kaplan Trustee 1.00
Director
$0 $0 $0
Vikram Karnani Trustee 1.00
Director
$0 $0 $0
Michael P Krasny Trustee 1.00
Director
$0 $0 $0
H John Livingston Trustee 1.00
Director
$0 $0 $0
Tom McGuinness Trustee (until 6/19/24) 1.00
Director
$0 $0 $0
Robert S Murley Trustee 1.00
Director
$0 $0 $0
Daniela O'Leary-Gill Trustee 1.00
Director
$0 $0 $0
Louis V Pinkham Trustee (until 6/19/24) 1.00
Director
$0 $0 $0
John F Podjasek III Trustee 1.00
Director
$0 $0 $0
Jason Pritzker Trustee (until 11/06/24) 1.00
Director
$0 $0 $0
Allison P Ranney Trustee 1.00
Director
$0 $0 $0
Michael A Reinsdorf Trustee (until 6/19/24) 1.00
Director
$0 $0 $0
Michelle Russell Trustee 1.00
Director
$0 $0 $0
Manuel Sanchez Trustee 1.00
Director
$0 $0 $0
Smita N Shah Trustee 1.00
Director
$0 $0 $0
Virginia K Simmons Trustee 1.00
Director
$0 $0 $0
Melody A Spann-Cooper Trustee 1.00
Director
$0 $0 $0
Kristofer K Swanson Trustee 1.00
Director
$0 $0 $0
Shundrawn A Thomas Trustee 1.00
Director
$0 $0 $0
Leonard Wanger Trustee 1.00
Director
$0 $0 $0
Ralph Wanger Trustee 1.00
Director
$0 $0 $0
Ann C Williams Trustee 1.00
Director
$0 $0 $0
Elizabeth Ziegler Trustee 1.00
Director
$0 $0 $0
Charles K Bobrinskoy Life Trustee 1.00
Director
$0 $0 $0
John A Canning Jr Life Trustee 1.00
Director
$0 $0 $0
Lester Crown Life Trustee 1.00
Director
$0 $0 $0
William J Devers Jr Life Trustee 1.00
Director
$0 $0 $0
Dennis J FitzSimons Life Trustee 1.00
Director
$0 $0 $0
Jere D Fluno Life Trustee 1.00
Director
$0 $0 $0
William M Goodyear Life Trustee 1.00
Director
$0 $0 $0
James A Gordon Life Trustee 1.00
Director
$0 $0 $0
James R Kackley Life Trustee 1.00
Director
$0 $0 $0
John P Keller Life Trustee 1.00
Director
$0 $0 $0
Richard H Lenny Life Trustee (until 6/19/24) 1.00
Director
$0 $0 $0
Edward M Liddy Life Trustee 1.00
Director
$0 $0 $0
Walter E Massey PhD Life Trustee 1.00
Director
$0 $0 $0
Robert S Morrison Life Trustee 1.00
Director
$0 $0 $0
Terry E Newman Life Trustee 1.00
Director
$0 $0 $0
William A Osborn Life Trustee 1.00
Director
$0 $0 $0
Cindy Pritzker Life Trustee 1.00
Director
$0 $0 $0
James A Skinner Life Trustee 1.00
Director
$0 $0 $0
Eugene A Tracy Life Trustee 1.00
Director
$0 $0 $0
Arthur R Velasquez Life Trustee 1.00
Director
$0 $0 $0
David Woody VP - Exhibitions, Collections, CCO 35.00
Key Emp
$368,243 $26,253 $394,496
Jonathan Assell VP - Chief Financial Officer 35.00
Key Emp
$312,669 $46,973 $359,642
Laura Herrera VP - Chief Marketing & Revenue 35.00
Key Emp
$236,074 $45,973 $282,047
Hsinghua Chen VP - Chief Administrative Officer 35.00
Key Emp
$291,800 $12,192 $303,992
Jessica Chavez Ruth D. & Ken M. Davee VP, Education 35.00
Key Emp
$263,311 $39,573 $302,884
Syeda Soofia VP - Chief of People and Culture 35.00
Highest
$276,815 $47,855 $324,670
Dina Torrisi Martin VP - General Counsel 35.00
Highest
$163,093 $31,770 $194,863
Robert Dipasquantonio AVP - Information Technology 35.00
Highest
$203,116 $29,725 $232,841
Anne Rashford VP - Govt Affairs/Chief Bus Officer 35.00
Highest
$234,796 $21,849 $256,645
Patricia Ward AVP - Exhibitions & Partnerships 35.00
Highest
$176,859 $20,656 $197,515
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 $66,431,592 $62,342,402 $433,034,472 $4,089,190
2023 $58,414,869 $56,870,519 $422,200,833 $1,544,350
2022 $64,412,383 $52,060,533 $409,602,292 $12,351,850
2021 $169,067,056 $46,466,795 $427,907,232 $122,600,261
2020 $51,692,982 $46,601,871 $301,079,614 $5,091,111
2019 $66,856,512 $62,548,762 $290,584,839 $4,307,750
2018 $87,049,282 $65,750,821 $282,074,322 $21,298,461
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