UKRAINIAN NATIONAL MUSEUM
Mission Statement
The primary mission of the Ukrainian National Museum of Chicago is to preserve and share the Ukrainian Immigration contribution to Chicago’s cultural tapestry. Objectives: Be the central collection point for Ukrainian immigrant’s documents, artifacts, and records of life in America and Ukraine. Develop the museum’s collection by encouraging donations of documents, artifacts, and records related to Ukraine’s history, culture, and the immigration experience. Preserve and protect those resources that are rare, fragile, or subject to deterioration. Catalog the museum resources for ease of research, accountability and use. Exhibit and make known the museum’s resources to educate the public in the accomplishments and activity of the Ukrainian Immigration in the USA and the history and culture of Ukraine. Establish links with other similar organizations and institutions to develop synergy and sharing of resources. Develop and utilize a professional staff to obtain grants, funding, donations, new membership, and for the execution of museum and archival functions.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.4% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.4% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.2% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
5.4% | 28.2% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
110.5 mo | 9.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
35.1% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-43.3% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-10.3% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.2% | 1.5% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Educating about Ukraine and Ukrainian culture, history and heritage. | 5,000 | $10.00 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $290K | $284K | $2.6M | 78.4% | 8 |
| 2023 | $512K | $316K | $2.6M | 78.1% | 7 |
| 2022 | $415K | $354K | $2.5M | 81.6% | 8 |
| 2021 | $291K | $272K | N/A | — | 7 |
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