Floating Museum NFP
Floating Museum is an arts collective that creates new models exploring relationships between art, community, architecture, and public institutions.
Floating Museum NFP at a glance
In short: Floating Museum NFP gave $63K across 2 grants in 2025 (avg $31K), mostly in Illinois. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $62,500
- +900.0% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $31,250
- +400.0% vs 2024
- Median grant
- $31,250
- Total assets
- $4,351,994
- +35.7% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Floating Museum NFP funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Norman Teague Design Studio ($50K). Together the top 2 received $63K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $6K (2024) to $63K (2025). In 2025 it made 2 grants totaling $63K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Norman Teague Design Studio Chicago, IL | Programs | $50,000 |
| Spaceshift Collective LLC Chicago, IL | Programs | $12,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,351,994 | $2,547,298 | $1,281,345 | $62,500 | 2 | $21,691 |
| 2024 | $3,206,695 | $1,064,056 | $1,145,212 | $6,250 | 1 | $40,579 |
| 2023 | $3,046,539 | $3,001,674 | $446,446 | — | — | $13,411 |
| 2022 | $529,061 | $467,822 | $219,728 | — | — | — |
| 2020 | $77,534 | $117,551 | $47,419 | — | — | — |
About Floating Museum NFP
Based on IRS filings
Floating Museum NFP is a public charity focused on Arts, Culture & Humanities, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.4M in total assets. In 2025, it awarded 2 grants totaling $63K. Net investment income was $22K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Floating Museum NFP is led by Faheem Majeed, Executive Director & President since 2023 (on filings since 2020); 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Faheem Majeed
Executive Director & President
Executive Director → Executive Director & President, 2023
On filings since 2020
40 hrs/week
$86K (2025)
Andrew Schachman
Secretary
Director → Secretary, 2023
On filings since 2020
2 hrs/week
$5K (2020) → $0 (2025)
Jeremiah Hulsebos Spofford
Treasurer
On filings since 2023
2 hrs/week
No compensation reported
Former officers (1)
- Former: Jeremiah Hulsebos-Spofford (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $86K, to Faheem Majeed (Exec Dir/Pres).
Frequently asked questions about Floating Museum NFP
How much does Floating Museum NFP give each year?
Floating Museum NFP gave $63K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $6K across 1 grant.
How large is Floating Museum NFP?
Floating Museum NFP reported $4.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.5M.
What is Floating Museum NFP?
Floating Museum NFP is a public charity focused on Arts, Culture & Humanities, based in Chicago, IL. It holds $4.4M in total assets as of 2025.
Where does Floating Museum NFP operate?
Floating Museum NFP has awarded grants in Illinois.
What is Floating Museum NFP's EIN?
Floating Museum NFP's EIN (Employer Identification Number) is 81-3014324. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Floating Museum NFP's focus areas in our free grants database
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Floating Museum NFP down — hundreds of funders to go?