Civic Intelligence

Threewalls

990 • Fiscal year 2020 • EIN 13-4254724

Jul 01, 2019 to Jun 30, 2020 • Filed on May 04, 2021

2738 West North AvenueChicago, IL 60647

(773) 661-1823

Siviq Scores

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

Liabilities / Assets

51st percentile

0.05x

Higher debt load relative to assets than 51% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.03x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$78,454

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

73rd percentile

26%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

51%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$385,320

Up $79,730 (+26%) from 2019

Net Assets

Up

$365,834

Up $87,627 (+31%) from 2019

Liabilities

Down

$19,486

Down $7,897 (-29%) from 2019

Revenue

Up

$686,922

Up $232,838 (+51%) from 2019

Expenses

Up

$599,295

Up $262,444 (+78%) from 2019

Net Income

Down

$87,627

Down $29,606 (-25%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $166,022Liabilities 2011: $600Net Assets 2011: $165,4222011Assets 2012: $271,561Liabilities 2012: $4,238Net Assets 2012: $267,3232012Assets 2013: $141,798Liabilities 2013: $9,298Net Assets 2013: $132,5002013Assets 2014: $152,183Liabilities 2014: $19,755Net Assets 2014: $132,4282014Assets 2015: $221,937Liabilities 2015: $15,735Net Assets 2015: $206,2022015Assets 2016: $119,325Liabilities 2016: $1,650Net Assets 2016: $117,6752016Assets 2017: $283,605Liabilities 2017: $17,824Net Assets 2017: $265,7812017Assets 2018: $141,126Liabilities 2018: $5,780Net Assets 2018: $135,3462018Assets 2019: $305,590Liabilities 2019: $27,383Net Assets 2019: $278,2072019Assets 2020: $385,320Liabilities 2020: $19,486Net Assets 2020: $365,8342020Assets 2021: $486,524Liabilities 2021: $51,061Net Assets 2021: $435,4632021Assets 2022: $1,294,719Liabilities 2022: $83,586Net Assets 2022: $1,211,1332022Assets 2023: $3,650,490Liabilities 2023: $6,282Net Assets 2023: $3,644,2082023Assets 2024: $2,716,141Liabilities 2024: $20,657Net Assets 2024: $2,695,4842024

Highlighted filing

2020

Assets$385,320
Liabilities$19,486
Net Assets$365,834

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $318,722Expenses 2011: $286,935Net Income 2011: $31,7872011Revenue 2012: $477,083Expenses 2012: $375,182Net Income 2012: $101,9012012Revenue 2013: $221,312Expenses 2013: $356,135Net Income 2013: -$134,8232013Revenue 2014: $430,177Expenses 2014: $430,249Net Income 2014: -$722014Revenue 2015: $569,318Expenses 2015: $495,544Net Income 2015: $73,7742015Revenue 2016: $380,101Expenses 2016: $468,629Net Income 2016: -$88,5282016Revenue 2017: $488,530Expenses 2017: $340,424Net Income 2017: $148,1062017Revenue 2018: $409,447Expenses 2018: $339,246Net Income 2018: $70,2012018Revenue 2019: $454,084Expenses 2019: $336,851Net Income 2019: $117,2332019Revenue 2020: $686,922Expenses 2020: $599,295Net Income 2020: $87,6272020Revenue 2021: $703,412Expenses 2021: $633,783Net Income 2021: $69,6292021Revenue 2022: $1,457,645Expenses 2022: $681,975Net Income 2022: $775,6702022Revenue 2023: $3,461,335Expenses 2023: $1,028,260Net Income 2023: $2,433,0752023Revenue 2024: $226,369Expenses 2024: $1,175,093Net Income 2024: -$948,7242024

Highlighted filing

2020

Revenue$686,922
Expenses$599,295
Net Income$87,627
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 4, 2021
Return Version
2019v5.0
Gross Receipts
$686,922
Mission and Program Overview

Mission

Threewalls is dedicated to fostering contemporary art practices that respond to lived experiences, encouraging connections beyond art through performance, live exhibits, publications, all while connected segregated communities throughout the Chicagoland area.

Threewalls is dedicated to fostering contemporary art practices that respond to lived experiences, encouraging connections beyond art through performance, live exhibits, publications, all while connecting segrated communities throught the chicagoland area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$274,290$379,253▲ $104,963
Pledges and Grants Receivable$25,000$0▼ $25,000
Accounts Receivable$1,000$4,000▲ $3,000
Land, Buildings, and Equipment, Net$3,500$2,067▼ $1,433
Prepaid Expenses and Deferred Charges$1,800$0▼ $1,800
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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$305,590$385,320▲ $79,730
Other Assets Total-$0-
Liabilities
Other Liabilities$26,465$19,486▼ $6,979
Accounts Payable and Accrued Expenses$918--
Total Liabilities$27,383$19,486▼ $7,897
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$253,207$365,834▲ $112,627
Net Assets With Donor Restrictions$25,000--
Total Net Assets Fund Balance$278,207$365,834▲ $87,627
Total Liabilities and Net Assets / Fund Balance$305,590$385,320▲ $79,730

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,067$4,937$7,004
Equipment-$3,703$3,703
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffreen HayesExecutive DirectorFT$78,454$78,454

Board Members and Trustees

NameTitle
Devin MathewsPresident & CEO
Colin D LordVice President
Arnold KempDirector
Douglas DomenickDirector
Katherine DarnstadtDirector
Lisa KeyDirector
Oren LundDirector
Claire RuudSecretary
Chiblie ColemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$686,508
Program Service Revenue
$0
Investment Income
$414
Other Revenue
$0
All Other Contributions
$686,508
Change in Net Assets
$87,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$686,922
Total Revenue per Audited Statements
$686,922
Total Revenue per Form 990
$686,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$409,703
Salaries, Compensation, and Employee Benefits$189,592
Total Fundraising Expense$57,666
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,478$9,435$9,435$94,348
Current Officers, Directors, Trustees, and Key Employees$62,763$7,846$7,845$78,454
Fees for Services Other$29,754$3,719$3,719$37,192
Occupancy$22,908$2,863$2,863$28,634
Travel$17,853$2,232$2,232$22,317
All Other Expenses$15,751$1,972$1,972$19,695
Other Expenses$14,240$1,780$1,780$17,800
Payroll Taxes$13,432$1,679$1,679$16,790
Office Expenses$7,252$906$906$9,064
Insurance$3,965$496$496$4,957
Depreciation Depletion$3,020$378$378$3,776
Advertising$2,519$315$315$3,149
Total Functional Expenses$461,306$80,323$57,666$599,295

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$599,295
Total Expenses per Audited Statements$599,295
Total Expenses per Form 990$599,295
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Payroll Liabilities$19,486
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Board members of threewalls review the 990 and audit prior to submission.

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

The conflict of interest policy is included in the board's documentation and signed by board members at the beginning of their term renewal.

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

The use of guidestar as a guide, but is ultimately determined by the budget and the board vote.

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

The use of guidestar as a guide, but is ultimately determined by the budget and the board vote.

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

Documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Threewalls
EIN
13-4254724
Phone
7736611823
Address
2738 WEST NORTH AVENUE, CHICAGO, IL 60647

Signing Officer

Name
Jeffreen Hayes
Title
Executive Director
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffreen Hayes
Formed
2003
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
4

Preparer

Firm
Ragland Arnold Buchanan Morris & Associ
Address
9457 Enterprise Drive, Mokena, IL 60448
Preparer
Gregory Arnold
Phone
7083330634
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Management believes that all of the positions taken by the Organization in its Federal and State Income tax returns are more likely than not to be sustained upon examination. The Organization files returns in the U.S. Federal Jurisdiction and Illinois Attorneys General Office.

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IRS990/MissionDesc0THREEWALLS IS DEDICATED TO FOSTERING CONTEMPORARY ART PRACTICES THAT RESPOND TO LIVED EXPERIENCES, ENCOURAGING CONNECTIONS BEYOND ART THROUGH PERFORMANCE, LIVE EXHIBITS, PUBLICATIONS, ALL WHILE CONNECTING SEGRATED COMMUNITIES THROUGHT THE CHICAGOLAND AREA.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management believes that all of the positions taken by the Organization in its Federal and State Income tax returns are more likely than not to be sustained upon examination. The Organization files returns in the U.S. Federal Jurisdiction and Illinois Attorneys General Office.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS OF THREEWALLS REVIEW THE 990 AND AUDIT PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE BOARD'S DOCUMENTATION AND SIGNED BY BOARD MEMBERS AT THE BEGINNING OF THEIR TERM RENEWAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE USE OF GUIDESTAR AS A GUIDE, BUT IS ULTIMATELY DETERMINED BY THE BUDGET AND THE BOARD VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE USE OF GUIDESTAR AS A GUIDE, BUT IS ULTIMATELY DETERMINED BY THE BUDGET AND THE BOARD VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC 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 19: Other Organization Documents Publicly Available
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IRS990/StatesWhereCopyOfReturnIsFldCd0IL
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.02$2.70$0.23$1.18$0.95
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.01$3.64$3.46$1.03$2.43
2022Summary only. Only limited summary data is available for this year.$1.29$0.08$1.21$1.46$0.68$0.78
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.05$0.44$0.70$0.63$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$0.69$0.60$0.09
2019Summary only. Only limited summary data is available for this year.$0.31$0.03$0.28$0.45$0.34$0.12
2018Summary only. Only limited summary data is available for this year.$0.14$0.01$0.14$0.41$0.34$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.02$0.27$0.49$0.34$0.15
2016Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.38$0.47$0.09
2015Summary only. Only limited summary data is available for this year.$0.22$0.02$0.21$0.57$0.50$0.07
2014Summary only. Only limited summary data is available for this year.$0.15$0.02$0.13$0.43$0.43$0.00
2013Summary only. Only limited summary data is available for this year.$0.14$0.01$0.13$0.22$0.36$0.13
2012Summary only. Only limited summary data is available for this year.$0.27$0.00$0.27$0.48$0.38$0.10
2011Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.32$0.29$0.03