Civic Intelligence

Elastic Arts Foundation

990 • Fiscal year 2018 • EIN 02-0645505

Sep 01, 2017 to Aug 31, 2018 • Filed on Jun 19, 2019

3429 W Diversey Ave 208Chicago, IL 60647

(773) 772-3616

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

27th percentile

-7.3%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$41,938

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

25th percentile

-14%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$93,160

Down $15,705 (-14%) from 2017

Net Assets

$89,923

No earlier filing loaded for comparison.

Liabilities

Up

$3,237

Up $1,020 (+46%) from 2017

Revenue

Up

$229,630

Up $40,251 (+21%) from 2017

Expenses

Up

$246,355

Up $27,827 (+13%) from 2017

Net Income

Up

-$16,725

Up $12,424 (+43%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $23,045Liabilities 2011: $1,7002011Assets 2013: $144,424Liabilities 2013: $22,259Net Assets 2013: $122,1652013Assets 2014: $35,895Liabilities 2014: $2,950Net Assets 2014: $32,9452014Assets 2015: $192,130Liabilities 2015: $2,950Net Assets 2015: $189,1802015Assets 2016: $139,116Liabilities 2016: $3,3192016Assets 2017: $108,865Liabilities 2017: $2,2172017Assets 2018: $93,160Liabilities 2018: $3,237Net Assets 2018: $89,9232018Assets 2019: $210,927Liabilities 2019: $1,833Net Assets 2019: $209,0942019Assets 2020: $172,201Liabilities 2020: $16,435Net Assets 2020: $155,7662020Assets 2021: $286,304Liabilities 2021: $70,143Net Assets 2021: $216,1612021Assets 2022: $287,059Liabilities 2022: $13,498Net Assets 2022: $273,5612022Assets 2023: $437,195Liabilities 2023: $24,740Net Assets 2023: $412,4552023Assets 2024: $361,411Liabilities 2024: $12,667Net Assets 2024: $348,7442024Assets 2025: $842,518Liabilities 2025: $374,042Net Assets 2025: $468,4762025

Highlighted filing

2018

Assets$93,160
Liabilities$3,237
Net Assets$89,923

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $68,018Expenses 2011: $72,153Net Income 2011: -$4,1352011Revenue 2013: $358,108Expenses 2013: $327,639Net Income 2013: $30,4692013Revenue 2014: $222,111Expenses 2014: $311,331Net Income 2014: -$89,2202014Revenue 2015: $371,366Expenses 2015: $215,131Net Income 2015: $156,2352015Revenue 2016: $151,467Expenses 2016: $204,850Net Income 2016: -$53,3832016Revenue 2017: $189,379Expenses 2017: $218,528Net Income 2017: -$29,1492017Revenue 2018: $229,630Expenses 2018: $246,355Net Income 2018: -$16,7252018Revenue 2019: $361,562Expenses 2019: $253,550Net Income 2019: $108,0122019Revenue 2020: $192,957Expenses 2020: $246,285Net Income 2020: -$53,3282020Revenue 2021: $320,540Expenses 2021: $261,886Net Income 2021: $58,6542021Revenue 2022: $470,759Expenses 2022: $413,359Net Income 2022: $57,4002022Revenue 2023: $627,092Expenses 2023: $488,198Net Income 2023: $138,8942023Revenue 2024: $508,476Expenses 2024: $572,187Net Income 2024: -$63,7112024Revenue 2025: $600,713Expenses 2025: $480,981Net Income 2025: $119,7322025

Highlighted filing

2018

Revenue$229,630
Expenses$246,355
Net Income-$16,725
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jun 19, 2019
Return Version
2017v2.2
Gross Receipts
$234,618
Mission and Program Overview

Mission

Elastic Arts fosters a community of musicians and artists in the Avondale/Logan Square neighborhood of Chicago by developing and presenting creative and independent music, art, and performance events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,904$57,115▼ $27,789
Accounts Receivable$250$18,550▲ $18,300
Land, Buildings, and Equipment, Net$18,395$12,179▼ $6,216
Prepaid Expenses and Deferred Charges$2,316$2,316→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$108,865$93,160▼ $15,705
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,217$3,236▲ $1,019
Other Liabilities-$1-
Total Liabilities$2,217$3,237▲ $1,020
Net Assets / Fund Balance
Unrestricted Net Assets$106,648$89,923▼ $16,725
Total Net Assets Fund Balance$106,648$89,923▼ $16,725
Total Liabilities and Net Assets / Fund Balance$108,865$93,160▼ $15,705

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,516$7,824$14,340
Leasehold Improvements$5,663$8,494$14,157
Equipment-$6,641$6,641
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Adam ZanoliniExecutive DirectorFT$41,938$41,938

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$75,723
Program Service Revenue
$143,948
Investment Income
$0
Other Revenue
$9,959
All Other Contributions
$60,023
Change in Net Assets
$-16,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,817
Salaries, Compensation, and Employee Benefits$61,538
Total Fundraising Expense$4,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$35,647$4,194$2,097$41,938
Occupancy$35,807$1,173-$36,980
Other Salaries and Wages$10,705$1,259$630$12,594
All Other Expenses$6,634$2,987$266$9,887
Payroll Taxes$5,955$701$350$7,006
Depreciation Depletion$5,284$622$311$6,217
Other Expenses$640$3,000-$3,640
Travel$3,350$50-$3,400
Insurance$486$2,155-$2,641
Advertising$1,048$3$581$1,632
Office Expenses$345$290$144$779
Total Functional Expenses$225,293$16,683$4,379$246,355
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,857
Fundraising Direct Expenses$4,988
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The board reviews the 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflicts of interests are addressed as they arise.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board sets management compensation levels.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Board sets management officer or key employee compensation levels.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The 990 can be acquired through the IL Attorney General and the Guidestar.org websites.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request.

Filing and Contact Details

Filer

Filer Name
Elastic Arts Foundation
EIN
02-0645505
Phone
7737723616
Address
3429 W DIVERSEY AVE 208, CHICAGO, IL 60647

Signing Officer

Name
David Rempis
Title
President
Signed
2019-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Rempis
Formed
2002
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
30

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
564 W RANDOLPH STREET SUITE 200, CHICAGO, IL 60661
Preparer
Abdullah Khan CPA
Phone
3129985500
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IRS990/Desc01) Development and maintenance of ChicagoMusic.org web-site. This web-site promotes local concerts, musicians, and organizations, in order to grow audiences and build a network for collaborative support for Chicago's many independent live music ecosystems. 2) Production and presentation of approximately 150 music concerts, performances, and arts events, open to the general public. 3) Rental of performance space to local artists for a nominal fee.
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IRS990/OtherExpensesGrp/ProgramServicesAmt133075
IRS990/OtherExpensesGrp/ProgramServicesAmt226139
IRS990/OtherExpensesGrp/ProgramServicesAmt3640
IRS990/OtherExpensesGrp/TotalAmt060178
IRS990/OtherExpensesGrp/TotalAmt133324
IRS990/OtherExpensesGrp/TotalAmt226139
IRS990/OtherExpensesGrp/TotalAmt33640
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueMiscGrp/BusinessCd0711190
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt090
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt090
IRS990/OtherRevenueTotalAmt090
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0630
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01259
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010705
IRS990/OtherSalariesAndWagesGrp/TotalAmt012594
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0350
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0701
IRS990/PayrollTaxesGrp/ProgramServicesAmt05955
IRS990/PayrollTaxesGrp/TotalAmt07006
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02316
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02316
IRS990/PrincipalOfficerNm0David Rempis
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/Desc0Shows and Performances
IRS990/ProgramServiceRevenueGrp/Desc1Venue Rental
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0122665
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121283
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0122665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121283
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt046161
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0177533
IRS990/PYOtherRevenueAmt05700
IRS990/PYProgramServiceRevenueAmt0137518
IRS990/PYRevenuesLessExpensesAmt0-29149
IRS990/PYSalariesCompEmpBnftPaidAmt040995
IRS990/PYTotalExpensesAmt0218528
IRS990/PYTotalRevenueAmt0189379
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-16725
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0143948
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Organization's previous tax accountant incorrectly completed Schedule A in prior years. Hence, the 990 Schedule A amounts for tax years 2013 through 2016 have been restated on the 2017 990.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075723
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt046161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt041825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0225836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt058877
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0448422
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0706129
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt090
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05700
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04328
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05440
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03410
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018968
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71070
IRS990ScheduleA/PublicSupportPY170Pct00.37710
IRS990ScheduleA/PublicSupportTotal170Amt0332154
IRS990ScheduleA/SubstantialContributorsTotAmt0116268
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075723
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt046161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt041825
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0225836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt058877
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0448422
IRS990ScheduleA/TotalSupportAmt0467390
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06641
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06641
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05663
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08494
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014157
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06516
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07824
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012179
IRS990ScheduleD/TotalLiabilityAmt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board reviews the 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflicts of interests are addressed as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board sets management compensation levels.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board sets management officer or key employee compensation levels.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 990 can be acquired through the IL Attorney General and the Guidestar.org websites.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.43$3.74$4.68$6.01$4.81$1.20
2024Detailed filing. Detailed filing data is available for this year.$3.61$0.13$3.49$5.08$5.72$0.64
2023Detailed filing. Detailed filing data is available for this year.$4.37$0.25$4.12$6.27$4.88$1.39
2022Detailed filing. Detailed filing data is available for this year.$2.87$0.13$2.74$4.71$4.13$0.57
2021Detailed filing. Detailed filing data is available for this year.$2.86$0.70$2.16$3.21$2.62$0.59
2020Detailed filing. Detailed filing data is available for this year.$1.72$0.16$1.56$1.93$2.46$0.53
2019Detailed filing. Detailed filing data is available for this year.$2.11$0.02$2.09$3.62$2.54$1.08
2018Detailed filing. Detailed filing data is available for this year.$0.93$0.03$0.90$2.30$2.46$0.17
2017Summary only. Only limited summary data is available for this year.$1.09$0.02$1.89$2.19$0.29
2016Summary only. Only limited summary data is available for this year.$1.39$0.03$1.51$2.05$0.53
2015Summary only. Only limited summary data is available for this year.$1.92$0.03$1.89$3.71$2.15$1.56
2014Summary only. Only limited summary data is available for this year.$0.36$0.03$0.33$2.22$3.11$0.89
2013Summary only. Only limited summary data is available for this year.$1.44$0.22$1.22$3.58$3.28$0.30
2011Summary only. Only limited summary data is available for this year.$0.23$0.02$0.68$0.72$0.04