Civic Intelligence

Crosstown Arts

990 • Fiscal year 2020 • EIN 27-1876711

May 01, 2019 to Apr 30, 2020 • Filed on Mar 02, 2021

Organization ProfileWWW.CROSSTOWNARTS.ORG

View Organization Page

1350 Concourse Avenue No 280Memphis, TN 38104

(901) 507-8030

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.76x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

9.71x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

5th percentile

-61%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

9th percentile

$109,991

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

11th percentile

-5.0%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-39%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$54,125,873

Down $2,819,410 (-5.0%) from 2019

Net Assets

Down

$13,082,966

Down $2,498,816 (-16%) from 2019

Liabilities

Down

$41,042,907

Down $320,594 (-0.8%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin5th percentile

Revenue

Down

$4,227,787

Down $2,727,090 (-39%) from 2019

Expenses

Down

$6,818,667

Down $255,337 (-3.6%) from 2019

Net Income

Down

-$2,590,880

Down $2,471,753 (-2075%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$150M$100M$50M$0Assets 2011: $1,285Liabilities 2011: $0Net Assets 2011: $1,2852011Assets 2012: $47,559Liabilities 2012: $0Net Assets 2012: $47,5592012Assets 2013: $629,905Liabilities 2013: $56,072Net Assets 2013: $573,8332013Assets 2014: $3,973,145Liabilities 2014: $72,501Net Assets 2014: $3,900,6442014Assets 2015: $24,829,187Liabilities 2015: $12,953,004Net Assets 2015: $11,876,1832015Assets 2016: $25,004,528Liabilities 2016: $16,537,881Net Assets 2016: $8,466,6472016Assets 2017: $26,996,120Liabilities 2017: $15,285,050Net Assets 2017: $11,711,0702017Assets 2018: $56,726,696Liabilities 2018: $41,025,787Net Assets 2018: $15,700,9092018Assets 2019: $56,945,283Liabilities 2019: $41,363,501Net Assets 2019: $15,581,7822019Assets 2020: $54,125,873Liabilities 2020: $41,042,907Net Assets 2020: $13,082,9662020Assets 2021: $52,274,330Liabilities 2021: $40,638,805Net Assets 2021: $11,635,5252021Assets 2022: $87,226,564Liabilities 2022: $60,739,613Net Assets 2022: $26,486,9512022Assets 2023: $109,397,913Liabilities 2023: $84,037,900Net Assets 2023: $25,360,0132023Assets 2024: $100,312,782Liabilities 2024: $64,890,870Net Assets 2024: $35,421,9122024Assets 2025: $100,520,354Liabilities 2025: $65,106,221Net Assets 2025: $35,414,1332025

Highlighted filing

2020

Assets$54,125,873
Liabilities$41,042,907
Net Assets$13,082,966
Open 2020 Filing

Operations Trend

Revenue Growth8th percentile

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

$30M$20M$10M$0-$10MExpenses 2011: $335,9652011Expenses 2012: $353,1362012Expenses 2013: $607,3482013Revenue 2014: $4,574,688Expenses 2014: $1,247,877Net Income 2014: $3,326,8112014Revenue 2015: $11,337,246Expenses 2015: $3,335,179Net Income 2015: $8,002,0672015Revenue 2016: $3,251,279Expenses 2016: $4,334,766Net Income 2016: -$1,083,4872016Revenue 2017: $7,114,271Expenses 2017: $4,101,536Net Income 2017: $3,012,7352017Revenue 2018: $8,614,881Expenses 2018: $4,625,042Net Income 2018: $3,989,8392018Revenue 2019: $6,954,877Expenses 2019: $7,074,004Net Income 2019: -$119,1272019Revenue 2020: $4,227,787Expenses 2020: $6,818,667Net Income 2020: -$2,590,8802020Revenue 2021: $3,683,328Expenses 2021: $5,451,196Net Income 2021: -$1,767,8682021Revenue 2022: $20,011,175Expenses 2022: $5,752,361Net Income 2022: $14,258,8142022Revenue 2023: $4,885,921Expenses 2023: $6,054,791Net Income 2023: -$1,168,8702023Revenue 2024: $4,864,555Expenses 2024: $5,489,536Net Income 2024: -$624,9812024Revenue 2025: $5,146,987Expenses 2025: $4,830,913Net Income 2025: $316,0742025

Highlighted filing

2020

Revenue$4,227,787
Expenses$6,818,667
Net Income-$2,590,880
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Mar 2, 2021
Return Version
2019v5.2
Gross Receipts
$6,465,002
Mission and Program Overview

Mission

Crosstown arts is a contemporary arts organization dedicated to further cultivating the creative community in memphis. Managing a variety of exhibition, performance, and production spaces, crosstown arts supports artists, musicians, and audiences with a wide range of multidisciplinary and collaborative projects. Crosstown arts founded and managed the renovation of crosstown concourse, a one-million-square-foot mixed-use development in the former sears building. Over 40,000 square feet of space in crosstown concourse is dedicated to the non-profit arts organization's arts and music programming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$30,255,578$30,255,578→ $0
Land, Buildings, and Equipment, Net$21,816,104$20,028,495▼ $1,787,609
Cash and Non-Interest-Bearing Accounts$1,994,553$2,054,033▲ $59,480
Pledges and Grants Receivable$1,231,225$404,797▼ $826,428
Savings and Temporary Cash Investments$159,205--
Accounts Receivable$179,173$87,866▼ $91,307
Prepaid Expenses and Deferred Charges$142,972$79,367▼ $63,605
Inventories for Sale or Use$5,437$9,470▲ $4,033
Total Assets$56,939,544$54,125,873▼ $2,813,671
Other Assets Total$1,155,297$1,206,267▲ $50,970
Liabilities
Unsecured Notes Loans Payable$22,970,165$22,990,483▲ $20,318
Deferred Revenue$11,777,778$11,777,778→ $0
Other Liabilities$6,060,816$6,052,588▼ $8,228
Accounts Payable and Accrued Expenses$456,939$222,058▼ $234,881
Total Liabilities$41,265,698$41,042,907▼ $222,791
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,415,915$12,285,709▼ $1,130,206
Net Assets With Donor Restrictions$2,257,931$797,257▼ $1,460,674
Total Net Assets Fund Balance$15,673,846$13,082,966▼ $2,590,880
Total Liabilities and Net Assets / Fund Balance$56,939,544$54,125,873▼ $2,813,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,869,396$1,115,927$14,985,323
Leasehold Improvements$5,468,888$1,365,051$6,833,939
Equipment$414,515$412,348$826,863
Land$273,810-$273,810
Other Land Buildings$1,886$1,347$3,233
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher MinerCo-directorFT$94,455$15,536$109,991
Todd RichardsonCo-directorFT$39,848-$39,848

Board Members and Trustees

NameTitle
Richard LouChair
Barbara L DeansTrustee
Derwin SisnettTrustee
Mclean WilsonTrustee
Ken SteortsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,351,514
Program Service Revenue
$1,337,911
Investment Income
$767,461
Other Revenue
$-1,229,099
All Other Contributions
$3,241,569
Change in Net Assets
$-2,590,880

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,227,787
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,206,330
Total Revenue per Audited Statements
$6,434,117
Total Revenue per Form 990
$4,227,787
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,709,749
Salaries, Compensation, and Employee Benefits$2,108,918
Total Fundraising Expense$50,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,327,786$354,389-$1,682,175
Interest$1,178,623$6,969-$1,185,592
Depreciation Depletion$946,751--$946,751
Occupancy$699,541$151,091-$850,632
Fees for Services Other$275,840$90,157-$365,997
Other Employee Benefits$164,452$33,345$1,515$199,312
Advertising$120,203-$38,515$158,718
Office Expenses-$118,165-$118,165
Payroll Taxes$84,391$29,393$761$114,545
Current Officers, Directors, Trustees, and Key Employees$73,103$29,837$9,946$112,886
Insurance-$55,093-$55,093
Other Expenses$41,144$3,471-$44,615
Conferences and Meetings$14,219$5,101-$19,320
Total Functional Expenses$5,883,259$884,671$50,737$6,818,667

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,024,997
Expenses per Audited Statements$6,818,667
Total Expenses per Form 990$6,818,667
Expenses Not Reported on Form 990$2,206,330
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$3,571,442
Lease Incentive Liability$1,880,245
Interest Rate Swap Liability$527,861
Security Deposits$52,320
Deferred Rent$20,720
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy is sent via email to the board for review and approval.”

Form 990, Part VI, Section B, Line 12C

“Directors are required to update an annual conflict of interest statement as required by the adopted policy. The policy requires a board member to provide relevant information to the full board if the affected board member believes that a potential conflict has arisen with the potential conflict resolved by a vote of the full board exclusive of the member in question.”

Form 990, Part VI, Section B, Line 15

“The board of directors uses independent data, comparison of compensation from similar not for profit organizations and other resources to establish compensation for all employees.”

Form 990, Part VI, Section C, Line 19

“Copies of the forms for public inspection are available upon request”

Filing and Contact Details

Filer

Filer Name
Crosstown Arts
EIN
27-1876711
Phone
9015078030
Address
1350 CONCOURSE AVENUE NO 280, MEMPHIS, TN 38104

Signing Officer

Name
Richard Lou
Title
President
Phone
9015078030
Signed
2021-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lou
Formed
2010
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
102
Volunteers
144

Preparer

Firm
Cbiz Mhm LLC
Address
5100 POPLAR AVENUE THIRTIETH FLOOR, MEMPHIS, TN 38137
Preparer
Kathy Pennella
Phone
9016855575
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses offsetting rental income 507,912. Loss on interest rate swap 878,389. Cost of goods sold 820,029.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses offsetting rental income 507,912. Loss on interest rate swap 878,389. Cost of goods sold 820,029.”

Raw XML AppendixShowing 400 of 529 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0CROSSTOWN ARTS IS A CONTEMPORARY ARTS ORGANIZATION DEDICATED TO FURTHER CULTIVATING THE CREATIVE COMMUNITY IN MEMPHIS. MANAGING A VARIETY OF EXHIBITION, PERFORMANCE, AND PRODUCTION SPACES, CROSSTOWN ARTS SUPPORTS ARTISTS, MUSICIANS, AND AUDIENCES WITH A WIDE RANGE OF MULTIDISCIPLINARY AND COLLABORATIVE PROJECTS. CROSSTOWN ARTS FOUNDED AND MANAGED THE RENOVATION OF CROSSTOWN CONCOURSE, A ONE-MILLION-SQUARE-FOOT MIXED-USE DEVELOPMENT IN THE FORMER SEARS BUILDING. OVER 40,000 SQUARE FEET OF SPACE IN CROSSTOWN CONCOURSE IS DEDICATED TO THE NON-PROFIT ARTS ORGANIZATION'S ARTS AND MUSIC PROGRAMMING.
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IRS990/Desc0CROSSTOWN ARTS MANAGES A VARIETY OF EXHIBITION SPACES THAT INCLUDE OVER 5,000 SQUARE FEET OF GALLERY SPACE IN MULTIPLE LOCATIONS. THE EXHIBITION PROGRAM HOSTS A DIVERSE RANGE OF MEMPHIS-BASED AND NATIONAL/INTERNATIONAL VISUAL ARTISTS, AND INCLUDES A DELIBERATE MIX OF INDIVIDUAL AND GROUP SHOWS CURATED AND ORGANIZED BY INDIVIDUALS AND/OR OTHER ARTS ORGANIZATIONS, OFTEN WITH A FOCUS ON INTERCONNECTING ARTISTS AND CONTENT FROM VARIED BACKGROUNDS. EXHIBITIONS RANGE FROM HIGHLY CURATED SHOWS BY PROFESSIONAL ARTISTS WHO WORK IN COMPLEX AND COMPELLING SUBJECT MATTER TO OPEN-CALL SHOWS THAT WELCOME A BROAD SCOPE OF PARTICIPANTS WORKING AT ANY LEVEL OF EXPERTISE. ALL VISUAL ART EXHIBITIONS ARE FREE AND OPEN TO THE PUBLIC WITH 100% OF ALL ART SALES GOING DIRECTLY TO THE EXHIBITING ARTIST(S). CROSSTOWN ARTS MANAGES A VARIETY OF PERFORMANCE SPACES FOR LIVE MUSIC THAT INCLUDE A SMALL, INTIMATE VENUE FOR AUDIENCES OF UP TO 125 PEOPLE, AS WELL AS A BLACK-BOX THEATER FOR AUDIENCES OF UP TO 400 PEOPLE. CROSSTOWN ARTS' MUSIC PROGRAMMING FOCUSES ON LIVE PERFORMANCES BY MEMPHIS-BASED MUSICIANS, AS WELL AS NATIONALLY AND INTERNATIONALLY RENOWNED TOURING MUSICIANS SEEKING TO PERFORM IN THESE EXTRAORDINARILY INTIMATE VENUES, WHICH WERE DESIGNED TO PROVIDE A PREMIERE SONIC EXPERIENCE FOR THE AUDIENCE. THE THEATER IS EQUIPPED WITH STATE-OF-THE-ART AUDIO AND A DCP DIGITAL PROJECTION SYSTEM THAT SUPPORTS CROSSTOWN ARTS' ARTHOUSE FILM PROGRAMMING, WHICH INCLUDES COLLABORATIVE LIVE MUSIC SCORES FOR FILM SCREENINGS.
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0CROSSTOWN ARTS IS A CONTEMPORARY ARTS ORGANIZATION DEDICATED TO FURTHER CULTIVATING THE CREATIVE COMMUNITY IN MEMPHIS. MANAGING A VARIETY OF EXHIBITION, PERFORMANCE, AND PRODUCTION SPACES, CROSSTOWN ARTS SUPPORTS ARTISTS, MUSICIANS, AND AUDIENCES WITH A WIDE RANGE OF MULTIDISCIPLINARY AND COLLABORATIVE PROJECTS. CROSSTOWN ARTS FOUNDED AND MANAGED THE RENOVATION OF CROSSTOWN CONCOURSE, A ONE-MILLION-SQUARE-FOOT MIXED-USE DEVELOPMENT IN THE FORMER SEARS BUILDING. OVER 40,000 SQUARE FEET OF SPACE IN CROSSTOWN CONCOURSE IS DEDICATED TO THE NON-PROFIT ARTS ORGANIZATION'S ARTS AND MUSIC PROGRAMMING.
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IRS990/OccupancyGrp/TotalAmt0850632
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IRS990/OfficeExpensesGrp/TotalAmt0118165
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IRS990/OtherExpensesGrp/Desc0DIRECT PROGRAMING EXPEN
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
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IRS990/OtherExpensesGrp/ProgramServicesAmt1114858
IRS990/OtherExpensesGrp/ProgramServicesAmt249997
IRS990/OtherExpensesGrp/ProgramServicesAmt341144
IRS990/OtherExpensesGrp/TotalAmt0792351
IRS990/OtherExpensesGrp/TotalAmt1114858
IRS990/OtherExpensesGrp/TotalAmt257657
IRS990/OtherExpensesGrp/TotalAmt344615
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IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1INTEREST RATE SWAP LOSS
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IRS990/OtherRevenueMiscGrp/ExclusionAmt1-878389
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0159267
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-878389
IRS990/OtherRevenueTotalAmt0-719122
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0354389
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01682175
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt030255578
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IRS990/PayrollTaxesGrp/FundraisingAmt0761
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029393
IRS990/PayrollTaxesGrp/ProgramServicesAmt084391
IRS990/PayrollTaxesGrp/TotalAmt0114545
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0404797
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0142972
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079367
IRS990/PrincipalOfficerNm0RICHARD LOU
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0CONCOURSE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2EVENT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0528940
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1462981
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2345990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0528940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1462981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2345990
IRS990/ProgSrvcAccomActy2Grp/Desc0CROSSTOWN ARTS MANAGES A VARIETY OF MULTIDISCIPLINARY AND COLLABORATIVE PRODUCTION SPACES THAT ARE THE CORE ELEMENTS OF THE RESIDENCY PROGRAM, WHICH HOSTS OVER 60 MEMPHIS-BASED AND VISITING ARTISTS AND MUSICIANS, WORKING IN ANY MEDIUM, EACH YEAR. THE RESIDENCY PROGRAM OFFERS ACCEPTED RESIDENTS THE GIFT OF UNINTERRUPTED TIME AND SPACE TO WORK ON THEIR CREATIVE PROJECTS BY PROVIDING STUDIO WORK SPACES, SEPARATE INDIVIDUAL AND FAMILY RESIDENTIAL HOUSING VIA ON-SITE APARTMENTS, AND MEALS, AT NO COST TO RESIDENTS. THESE ARTISTS, MUSICIANS, COMPOSERS, PHOTOGRAPHERS, FILMMAKERS, WRITERS, AND DANCERS ARE ABLE TO SPEND DEDICATED TIME ON THEIR WORK, IN WHATEVER CAPACITY THEY CHOOSE, WHILE PARTICIPATING IN THE RESIDENCY PROGRAM. NO EXHIBITIONS OR PERFORMANCES ARE REQUIRED OF THE RESIDENTS, BUT THEY ARE INVITED TO SHARE THEIR WORK THROUGH ARTIST TALKS AND A PUBLIC OPEN STUDIO NIGHT DURING EACH RESIDENCY SESSION.PARTICIPANTS IN THE RESIDENCY PROGRAM HAVE ACCESS TO PRODUCTION RESOURCES AND FACILITIES THAT INCLUDE A FULL-SCALE WOODSHOP, A CNC MACHINE, A LASER CUTTER, LARGE-FORMAT DIGITAL PRINTERS, HIGH-END SCANNERS, DIGITAL LABS WITH ALL MAJOR MUSIC/SOUND/DESIGN/VIDEO EDITING SOFTWARE, SCREEN PRINTING, AND MORE. THESE PRODUCTION RESOURCES ARE ALSO AVAILABLE TO ANY NON-RESIDENT ARTISTS AND MUSICIANS IN MEMPHIS FOR A LOW MONTHLY FEE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0818577
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt081077
IRS990/ProgSrvcAccomActy3Grp/Desc0CROSSTOWN ARTS CREATES A WIDE RANGE OF PUBLIC PROGRAMMING IN AND AROUND CROSSTOWN CONCOURSE TO HELP REVITALIZE MEMPHIS' CROSSTOWN NEIGHBORHOOD. THIS PUBLIC PROGRAMMING INCLUDES ONGOING FREE, LARGE-SCALE PUBLIC EVENTS THROUGHOUT THE YEAR IN CROSSTOWN CONCOURSE'S OUTDOOR PUBLIC PLAZA AND INDOOR PUBLIC ATRIUM SPACES, AS WELL AS AT THE CROSSTOWN ARTS-OWNED AND OPERATED ART BAR AND CAFE, WHICH PROVIDE CRAFT COCKTAILS AND COFFEE/PASTRIES IN QUIET SETTINGS THAT ARE INTENTIONALLY DESIGNED TO FOSTER CONVERSATION AND CONNECTIVITY, OFTEN IN THE CONTEXT OF ART/MUSIC SHOWS HAPPENING IN THE NEARBY GALLERIES AND LIVE MUSIC VENUES. PUBLIC EVENTS AT CROSSTOWN ARTS ARE ATTENDED BY THOUSANDS OF PEOPLE THROUGHOUT THE YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0486091
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0311517
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NEIGHBORHOOD, DEPRECIATION, INTEREST EXPENSE
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IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0211235
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0616774
IRS990/PYOtherExpensesAmt04234108
IRS990/PYOtherRevenueAmt0378260
IRS990/PYProgramServiceRevenueAmt0808440
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IRS990/PYSalariesCompEmpBnftPaidAmt02313275
IRS990/PYTotalExpensesAmt06547383
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06520320
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-2590880
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-126584
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0350689
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0159205
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04716846
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02849176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01061592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018292043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0894064
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01038648
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01003651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0613338
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0584387
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04134088
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03933178
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IRS990ScheduleA/PublicSupportPY170Pct00.85550
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0414515
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0412348
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0826863
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0273810
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4527861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE INCENTIVE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4INTEREST RATE SWAP LIABILITY
IRS990ScheduleD/OtherRevenueAmt02206330
IRS990ScheduleD/RevenueNotReportedAmt02206330
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04227787
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES OFFSETTING RENTAL INCOME 507,912. LOSS ON INTEREST RATE SWAP 878,389. COST OF GOODS SOLD 820,029.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES OFFSETTING RENTAL INCOME 507,912. LOSS ON INTEREST RATE SWAP 878,389. COST OF GOODS SOLD 820,029.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020028495
IRS990ScheduleD/TotalExpensesPerForm990Amt06818667
IRS990ScheduleD/TotalLiabilityAmt06052588
IRS990ScheduleD/TotalRevenuePerForm990Amt04227787
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06434117
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09024997
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY IS SENT VIA EMAIL TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE REQUIRED TO UPDATE AN ANNUAL CONFLICT OF INTEREST STATEMENT AS REQUIRED BY THE ADOPTED POLICY. THE POLICY REQUIRES A BOARD MEMBER TO PROVIDE RELEVANT INFORMATION TO THE FULL BOARD IF THE AFFECTED BOARD MEMBER BELIEVES THAT A POTENTIAL CONFLICT HAS ARISEN WITH THE POTENTIAL CONFLICT RESOLVED BY A VOTE OF THE FULL BOARD EXCLUSIVE OF THE MEMBER IN QUESTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS USES INDEPENDENT DATA, COMPARISON OF COMPENSATION FROM SIMILAR NOT FOR PROFIT ORGANIZATIONS AND OTHER RESOURCES TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE FORMS FOR PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0CROSSTOWN ARTS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1CITY IMPACT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2CITY IMPACT LLC

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,125,873
Liabilities
$41,042,907
Net assets
$13,082,966
Revenue
$4,227,787
Expenses
$6,818,667
Net income
-$2,590,880
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$101$65.1$35.4$5.15$4.83$0.32
2024Detailed filing. Detailed filing data is available for this year.$100$64.9$35.4$4.86$5.49$0.62
2023Detailed filing. Detailed filing data is available for this year.$109$84.0$25.4$4.89$6.05$1.17
2022Detailed filing. Detailed filing data is available for this year.$87.2$60.7$26.5$20.0$5.75$14.3
2021Detailed filing. Detailed filing data is available for this year.$52.3$40.6$11.6$3.68$5.45$1.77
2020Detailed filing. Detailed filing data is available for this year.$54.1$41.0$13.1$4.23$6.82$2.59
2019Detailed filing. Detailed filing data is available for this year.$56.9$41.4$15.6$6.95$7.07$0.12
2018Detailed filing. Detailed filing data is available for this year.$56.7$41.0$15.7$8.61$4.63$3.99
2017Detailed filing. Detailed filing data is available for this year.$27.0$15.3$11.7$7.11$4.10$3.01
2016Detailed filing. Detailed filing data is available for this year.$25.0$16.5$8.47$3.25$4.33$1.08
2015Detailed filing. Detailed filing data is available for this year.$24.8$13.0$11.9$11.3$3.34$8.00
2014Detailed filing. Detailed filing data is available for this year.$3.97$0.07$3.90$4.57$1.25$3.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.06$0.57$0.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.34