2024-11-07T11:34:33+00:00 2023-12-31 440160260 Forvis Mazars LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2023-01-01 362487600 LIZZADRO MUSEUM OF LAPIDARY ARTS LIZZ 6305717200 1220 Kensington Road Ste 100 Oak Brook IL 605232113 Louis L Lizzadro Treasurer 6305717200 2024-11-07 true true Nicole Fishback P01279475 6302829500 2024-11-15 2023 2024-10-15 13:58:12Z Louis L Lizzadro 1220 Kensington Road Ste 100 Oak Brook IL 605232113 740729 false X X 1961 IL THE LIZZADRO MUSEUM OF LAPIDARY ARTS PRIMARY EXEMPT PURPOSE IS TO OPERATE A MUSEUM OF ART FOR THE COLLECTION CARE STUDY AND EXHIBITION OF PRECIOUS AND NON-PRECIOUS GEM CERAMICS AND OTHER OBJECTS OF ART AND THE EDUCATION OF THE PUBLIC WITH REFERENCE THE MUSEUM'S ART COLLECTION WHICH CONSISTS OF GEMSTONES DIORAMA'S JADE CARVINGS AND VARIOUS ROCK MINERALS AND FOSSILS. 12 12 10 0 0 0 424046 277640 114447 109734 15167 7907 144860 175103 698520 570384 0 0 70457 78538 0 0 445015 557133 515472 635671 183048 -65287 4008677 3915000 19562 31417 3989115 3883583 THE LIZZADRO MUSEUM OF LAPIDARY ARTS PRIMARY EXEMPT PURPOSE IS TO OPERATE A MUSEUM OF ART FOR THE COLLECTION CARE STUDY AND EXHIBITION OF PRECIOUS AND NON-PRECIOUS GEM CERAMICS AND OTHER OBJECTS OF ART AND THE EDUCATION OF THE PUBLIC WITH REFERENCE THE MUSEUM'S ART COLLECTION WHICH CONSISTS OF GEMSTONES DIORAMA'S JADE CARVINGS AND VARIOUS ROCK MINERALS AND FOSSILS. false false 367514 106935 THE PROMOTION OF THE LAPIDARY ART THROUGH SPECIAL PROGRAMS ON THE HISTORY AND MAKE UP OF THE MUSEUM. OVER 37,719 CHILDREN AND ADULTS VISITED THE MUSEUM THIS YEAR ON SITE OR THROUGH EXTERNAL OR VIRTUAL PROGRAMMING. EVERY WEDNESDAY IS FREE ADMISSION. THE MUSEUM COLLABORATES WITH COMMUNITY ORGANIZATIONS TO PROVIDE CULTURAL AND EDUCATIONAL PROGRAMS FOR THE PUBLIC. THE MUSEUM DISPLAYED 4 TEMPORARY SPECIAL EXHIBITS: THE FIRST: ON THE CUTTING EDGE: CONTEMPORARY GEMSTONE SCULPTURE FEATURING TEN AMERICAN ARTISTS ENDED JANUARY 22 2023. INSPIRATION FABERGE - GEMSTONE CARVING FEATURING ANIMALS, FIGURES, AND FLOWERS CARVED IN EUROPE FROM MARCH 10 TO JUNE 18 2023. STONE CARVERS OF EARTH AND IMAGINATION FEATURED ILLINOIS STONE CARVERS FROM JULY 1 TO SEPTEMBER 30 2023. FINALLY, THE ARTFUL SOUL OF FAUST WHICH EXHIBITED FOURTEEN LARGE CAMEOS DEPICTING THE STORY OF FAUST FROM GERMANY. 217484 166953 THE MUSEUM STAFF OPERATES A GIFT SHOP AT THE MUSEUM'S FACILITY WHICH AFFORDS VISITORS THE OPPORTUNITY TO PURCHASE BOOKS LITERATURE AND LAPIDARY REPLICAS. THE GIFT SHOP'S INVENTORY OF LAPIDARY SPECIMENS CONSISTS PRIMARILY OF LOW PRICES ITEMS WHICH ARE REPRESENTATIVE FACSIMILIES OF THE LAPIDARY AND RELATED ART OBJECTS DISPLATED AT THE MUSEUM. THE PRIMARY PURPOSE OF THE GIFT SHOP FACILITY IS CONSISTENT WITH THE UNDERLYING EXEMPT PURPOSE OF THE MUSEUM AND THUS IS CHARACTERIZED AS RELATED BUSINESS INCOME FOR PURPOSES OF THE MUSEUM'S REPORTING REQUIREMENTS SEE SECTION 513 OF INTERNAL REVENUE CODE OF 1954 AS AMENDED AND THE REGULATIONS PROMULATED THEREUNDER. 8331 2799 TOURS AND EDUCATIONAL PROGRAMS THE MUSEUM HELD 45 ONSITE WEEKEND PROGRAMS OF EDUCATIONAL SUBJECTS REALTED TO ROCKS AND MINERALS AND LIVE COMMUNITY MUSIC PROGRAMS. LECTURES AND ACTIVITIES PERTAINING TO THE CHINESE COLLECTION AND EARTH SCIENCE PROGRAMS ARE USUALLY RECORDED AND POSTED TO OUR WEBSITE'S YOUTUBE CHANNEL GENERATING ADDITIONAL VIEWS. 593329 true true false false false false true false true true true false false false true true false false false false false false false false false false false false false false false false false false false false false true false false false false true false false false true 14 0 true 10 true false false false false false false false false false false false false false false X 12 12 true false false false false false false true true false false true false false true false false false IL X Louis L Lizzadro 6305717200 1220 Kensington Road Ste 1000 Oak Brook IL 605232113 X JOHN S LIZZADRO JR VICE PRES AND DIRECTOR 0.1 0.0 X X 0 0 0 JOHN S LIZZADRO SR PRESIDENT AND DIRECTOR 0.1 0.0 X X 0 0 0 LOUIS L LIZZADRO TREASURER AND DIRECTOR 0.1 0.0 X X 0 0 0 BONITA HAY DIRECTOR 0.0 0.0 X 0 0 0 CHARLES E ANDERSON DIRECTOR 0.0 0.0 X 0 0 0 DANIEL LIZZADRO-MCPHERSON DIRECTOR 0.0 0.0 X 0 0 0 DOROTHY ASHER DIRECTOR 40.0 0.0 X 0 0 0 GINA NICHOLAS DIRECTOR 0.0 0.0 X 0 0 0 JOHN NICHOLAS DIRECTOR 0.0 0.0 X 0 0 0 MARTIN HARE DIRECTOR 0.0 0.0 X 0 0 0 NICOLE L KELLEY DIRECTOR 0.0 0.0 X 0 0 0 WINONA ASHER DIRECTOR 0.0 0.0 X 0 0 0 JOSEPH F LIZZADRO SECRETARY 0.1 0.0 X 0 0 0 0 0 0 0 false false false 0 17915 90000 169725 83000 277640 ADMISSIONS 712110 106935 106935 FIELD TRIPS 712110 2799 2799 0 0 0 0 109734 17864 17864 8150 8150 0 8150 8150 64527 74484 -9957 0 -9957 -9957 262814 95861 166953 166953 0 0 0 0 0 570384 276687 0 16057 69615 69615 3663 3327 336 5260 5260 166620 152104 14516 10050 9174 876 1850 1689 161 0 31551 31551 18682 15247 3435 35892 32661 3231 1333 1333 76639 76639 1658 249 1409 MAINTENANCE - BUILDING 146955 133729 13226 EXHIBIT EXPENSES 33057 33057 CREDIT CARD SERVICES 13815 13815 LECTURE FILM EXPENSE 6937 6937 12094 6942 5152 0 635671 593329 42342 0 158263 87352 292598 171903 0 0 152306 175373 1046 3322 2801056 610406 2267290 2190650 139021 1131431 1141765 0 5743 5614 4008677 3915000 19562 31417 0 0 0 19562 31417 X 1424029 2427846 2565086 1455737 3989115 3883583 4008677 3915000 -65287 -40245 0 X false true X true false X 871093 513272 440396 402746 277640 2505147 201298 135763 270356 366924 372548 1346889 0 0 0 1072391 649035 710752 769670 650188 3852036 600080 347582 343534 313800 217500 1822496 43043 74879 10273 9455 11876 149526 643123 422461 353807 323255 229376 1972022 1880014 25445 7822 13490 15167 26014 87938 0 25445 7822 13490 15167 26014 87938 0 0 0 0 0 0 0 1097836 656857 724242 784837 676202 3939974 0.4772 0.4046 0.02 0.0353 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 158295 825951 -62842 921404 238962 2500 -83167 158295 68144 158993 11875 50 238962 55673 5000 7496 25 68144 49926 5772 25 55673 1.0 0.0 0.0 false false 2260013 242140 2017873 28078 27323 755 512965 340943 172022 2190650 STOCK - INVESCO QQQ TRUST 40952 F STOCK - SPDR S&P500 ETF TRUST 190124 F US TREASURY BILL 24497 F STOCK - SPDR S&P EFT TRUST TR UNIT 47531 F US TREASURY 39194 F STOCK - L & H COMPANY CLASS A 799467 1141765 0 X 862442 -40245 254528 77775 292058 570384 0 0 570384 967974 254528 77775 332303 635671 0 0 635671 Schedule D, Part III, Line 1a Collections of art - financial statement footnote Collections of works of art, historical treasures and similar assets are not capitalized in as much as the items are preserved and cared for continuously. Purchases of collection items are reported in the year of acquisition as decreases in net assets without donor restrictions or in net assets with donor restrictions if the assets used to purchase the items were restricted to that use by donor stipulation. Contributions of collection items are not reported in the financial statements. Proceeds from disposal of and insurance recoveries related to collection items are reported as increases in the appropriate net asset classes. The Museum's art collection consists of gemstones, diorama's, jade carvings and various rocks, minerals and fossils. During the year ended December 31, 2023, no works of art were sold. The Museum's organizational policy requires the use of proceeds from items that are sold from the art collection to be used for the acquisition of new art collection items or to provide direct care and maintaining of the existing collection. Schedule D, Part III, Line 4 Collections of art - description of collections THE PRINCIPAL PURPOSE OF THE LIZZADRO MUSEUM OF LAPIDARY ART MUSEUM IS THE PUBLIC DISPLAY AND DISSEMINATION OF INFORMATION REGARDING THE FIELD OF LAPIDARY ARTS. THE MUSEUM'S ART COLLECTION CONSISTS OF FEMSTONES DIORAMA'S JADE CARVINGS AND VARIOUS ROCKS MINERALS AND FOSSILS. Schedule D, Part V, Line 4 Intended uses of endowment funds The "Endowment Fund" is currently unrestricted and would be used at the discretion of the Board of Directors. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Museum is exempt from federal income taxes under Section 509(a)(2) of the Internal Revenue Code. The primary purpose of the gift shop facility is consistent with the underlying exempt purpose of the Museum and, thus, is characterized as related business income under Section 513 of the Internal Revenue Code. The Museum recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Gift Shop COGS - 77775 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 GIFT SHOP COGS - 77775 X 2 83000 Market value 0 false false false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Closely held stock - REPORTING THE NUMBER OF CONTRIBUTIONS Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JOHN S. LIZZADRO SR. JOSEPH F. LIZZADRO JOHN S. LIZZADRO JR. LOUIS L. LIZZADRO JOHN NICHOLAS GINA NICHOLAS WINONA ASHER AND DOROTHY ASHER - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 IS REVIEWED AT THE ANNUAL MEETING OF MEMBERS IN EITHER MAY OR NOVEMBER. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Gratiot Lake Conservancy 1220 Kensington Road Suite 210 Oak Brook IL 60523 364242179 Nature Conservancy MI 501(c)(3) PF NA false Joseph Lizzadro Family Foundation 1220 KENSINGTON ROAD SUITE 210 Oak Brook IL 60523 366047939 GRANTMAKING IL 501(c)(3) PF NA false false false true false false false false false false false false false true false false false false false false