Illinois · Nonprofit
Floating Museum NFP
Floating Museum NFP (Illinois) receives grants from 15 organizations whose IRS filings report $2,439,350 to it, the largest being The Chicago Community Trust ($1,054,750). 4 of them have funded it in more than one year, and 53% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $1.1M
- Funders on record
- 15
- Grants received
- $2.4M
- Net assets
- $2.8M
What Floating Museum NFP does
Mission
Floating Museum is an arts collective that creates new models exploring relationships between art, community, architecture, and public institutions.
As stated on its FY2024 Form 990.
Program
Using site-responsive art, design, and programming the Organization explores the potential in these relationships, considering the infrastructure, history, and aesthetics of a space.
$925,606 spentof which $62,500 as grants$524,988 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $925,606.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $529k to $3.0M (+476%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 19% · 2022 3% · 2023 1% · 2024 7%. Grants only. Government contracts and fees sit inside program revenue.
78% of Floating Museum NFP’s revenue is contributions — more donation-reliant than the typical peer (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Faheem Majeed
Exec Dir/Pres
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $5k → $928k.
2 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 53% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Floating Museum NFP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Floating Museum NFP leans on a few funders — its largest provides 43% of grant income and the top three 85%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
56% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Floating Museum NFP.
Largest funder’s share by year: 2017 100% · 2019 100% · 2020 77% · 2021 34% · 2022 50% · 2023 95% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of Floating Museum NFP's funders are still giving 2 years after their first grant; 27% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
53% of Floating Museum NFP's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.1M that is directly attributable, 77% of it comes from funders outside Illinois, across 4 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.3M arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Floating Museum NFP holds deeper cash reserves than three-quarters of the 5,127 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 5,127 arts & culture nonprofits $1M–$10M, FY2024
Government funding Floating Museum NFP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $75k on record.
- National Endowment for the Arts$75k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Floating Museum NFP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Public support
54%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Floating Museum NFP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Floating Museum NFP?
- Floating Museum NFP (Illinois) receives grants from 15 organizations whose IRS filings report $2,439,350 to it, the largest being The Chicago Community Trust ($1,054,750). 4 of them have funded it in more than one year, and 53% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does Floating Museum NFP have?
- IRS filings report 15 organizations giving $2,439,350 in grants to Floating Museum NFP, 4 of which have funded it in more than one year.
- Who is the largest funder of Floating Museum NFP?
- The Chicago Community Trust is the largest funder on record, with $1,054,750 in grants. The full list of funders is on this page.
- How can an organization like Floating Museum NFP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing