2025-11-03T13:57:35+00:00 2024-12-31 440160260 Forvis Mazars LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2024-01-01 362487600 LIZZADRO MUSEUM OF LAPIDARY ARTS LIZZ 6305717200 1220 Kensington Road Ste 100 Oak Brook IL 605232113 Louis L Lizzadro Treasurer 6305717200 2025-11-03 true Nicole Fishback P01279475 6302829500 2025-11-15 2024 2025-03-06 01:10:19Z Louis L Lizzadro 1220 Kensington Road Ste 100 Oak Brook IL 605232113 1015798 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 GEMS, CERAMICS, AND OTHER OBJECTS OF ART, AND THE EDUCATION OF THE PUBLIC WITH REFERENCE THE MUSEUM'S ART COLLECTION, WHICH CONSISTS OF GEMSTONES, DIORAMAS, JADE CARVINGS, AND VARIOUS ROCK, MINERALS, AND FOSSIL SPECIMENS. 12 12 10 0 0 277640 511618 109734 115627 7907 36521 175103 163661 570384 827427 0 0 0 78538 85928 0 0 0 557133 509180 635671 595108 -65287 232319 3915000 4370174 31417 52694 3883583 4317480 THE LIZZADRO MUSEUM OF LAPIDARY ART'S PRIMARY EXEMPT PURPOSE IS TO OPERATE A MUSEUM OF ART FOR THE COLLECTION, CARE, STUDY, AND EXHIBITION OF PRECIOUS AND NON-PRECIOUS GEMS, CERAMICS, AND OTHER OBJECTS OF ART, AND THE EDUCATION OF THE PUBLIC WITH REFERENCE TO THE MUSEUM'S ART COLLECTION, WHICH CONSISTS OF GEMSTONES, DIORAMAS, JADE CARVINGS, AND VARIOUS ROCK, MINERAL, AND FOSSIL SPECIMENS. false false 301852 109725 THE PROMOTION OF THE LAPIDARY ART THROUGH SPECIAL PROGRAMS ON THE HISTORY AND MAKEUP OF THE MUSEUM. OVER 34,423 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 3 TEMPORARY SPECIAL EXHIBITS: THE FIRST: THE ARTFUL SOUL OF FAUST WHICH EXHIBITED FOURTEEN LARGE CAMEOS DEPICTING THE STORY OF FAUST FROM GERMANY ENDED JANUARY 7, 2024. THE RICHARD H. DRIEHAUS LAPIDARY COLLECTION FEATURING A VARIETY OF STONE OBJECTS FROM AROUND THE WORLD AND 2 19TH CENTURY ROMAN MICROMOSAICS FROM FEBRUARY 1 TO SEPTEMBER 29, 2024. SYNERGY AND SYMBIOSIS FEATURED 12 COLLABORATIVE JEWELRY CREATIONS BY PAULA CREVOSHAY AND GLENN LEHRER FROM NOVEMBER 2, 2024 TO APRIL 27, 2025. 229899 156386 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-PRICED ITEMS WHICH ARE REPRESENTATIVE FACSIMILES OF THE LAPIDARY AND RELATED ART OBJECTS DISPLAYED 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 THE INTERNAL REVENUE CODE OF 1954, AS AMENDED, AND THE REGULATIONS PROMULGATED THEREUNDER. 11886 5902 TOURS AND EDUCATIONAL PROGRAMS: THE MUSEUM HELD 48 ONSITE WEEKEND PROGRAMS ON EDUCATIONAL SUBJECTS RELATED TO ROCKS AND MINERALS, AS WELL AS 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. 543637 true true false 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 false false true false false false false true false false false false true 20 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 false true false false false false true false false false false IL X Louis L Lizzadro 6305717200 1220 Kensington Road Ste 100 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 0.0 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 Dr Kyle Brill EXECUTIVE DIRECTOR 0.1 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 18060 90000 403558 310570 511618 ADMISSIONS 712110 109725 109725 FIELD TRIPS 712110 5902 5902 0 0 0 0 115627 26367 26367 7275 7275 0 7275 7275 85234 75080 10154 0 10154 10154 0 269677 113291 156386 156386 0 0 0 0 0 827427 272013 0 43796 75435 75435 4265 3881 384 6228 6228 181616 160805 20811 1800 1594 206 11450 10138 1312 7167 6346 821 0 48032 48032 25891 20794 5097 36666 33376 3290 1414 1414 76224 76224 11795 1770 10025 EXHIBIT EXPENSES 41981 41981 MAINTENANCE - BUILDING 32161 29267 2894 CREDIT CARD SERVICES 11310 11310 LECTURE FILM EXPENSE 9223 9223 12450 5819 6631 0 595108 543637 51471 0 87352 75938 171903 167626 0 0 0 0 175373 170120 3322 853 2801056 686630 2190650 2114426 139021 242448 1141765 1598763 0 5614 0 3915000 4370174 31417 52694 0 0 0 0 31417 52694 X 2427846 2335901 1455737 1981579 3883583 4317480 3915000 4370174 232319 201578 0 X false true true false X 752567 679691 896569 771463 1027977 4128267 135763 270356 371911 372548 385304 1535882 0 0 0 888330 950047 1268480 1144011 1413281 5664149 586877 582829 795464 711323 959728 3636221 67700 3094 164 3700 0 74658 654577 585923 795628 715023 959728 3710879 1953270 7822 13490 15167 26014 33642 96135 0 7822 13490 15167 26014 33642 96135 0 0 0 0 0 0 0 896152 963537 1283647 1170025 1446923 5760284 0.33909 0.47716 0.02 0.0223 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 921404 310570 171904 1403878 158295 825951 -62842 921404 238962 2500 -83167 158295 68144 158993 11875 50 238962 55673 5000 7496 25 68144 1.0 0.0 0.0 false false 2260013 302108 1957905 28078 27778 300 512965 356744 156221 2114426 Closely-held equity interests Financial derivatives STOCK - INVESCO QQQ TRUST 51123 F STOCK - SPDR S&P500 ETF TRUST 234078 F US TREASURY BILL 0 F STOCK - SPDR S&P EFT TRUST TR UNIT 117216 F US TREASURY 0 F STOCK - L & H COMPANY CLASS A 1163202 F ISHARES RUSSELL 2000 33144 F 1598763 0 X 1640425 201578 516359 95061 812998 827427 0 0 827427 1206528 516359 95061 611420 595108 0 0 595108 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 - 95061 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 GIFT SHOP COGS - 95061 2 310570 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