Civic Intelligence

Collaboraction Theatre Co

EIN 36-4282304 • 501(c)3 • Chicago, IL

Profile

Creates original theathrical experience that push artistic boundaries in order to explore critical social issues with a diverse community of chicagoans.

1757 N Kimball 120Chicago, IL 60647

www.collaboraction.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.82x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.89x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

93rd percentile

77%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

1.9%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,235,579

Up $535,626 (+77%) from 2023

Liabilities

Up

$1,013,966

Up $379,567 (+60%) from 2023

Net Assets

Up

$221,613

Up $156,059 (+238%) from 2023

Revenue

Up

$537,894

Up $9,812 (+1.9%) from 2023

Expenses

Down

$381,835

Down $75,944 (-17%) from 2023

Net Income

Up

$156,059

Up $85,756 (+122%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2011: $28,576Liabilities 2011: $133,083Net Assets 2011: -$104,5072011Assets 2014: $40,562Liabilities 2014: $113,664Net Assets 2014: -$73,1022014Assets 2016: $21,192Liabilities 2016: $99,595Net Assets 2016: -$78,4032016Assets 2017: $26,108Liabilities 2017: $100,765Net Assets 2017: -$74,6572017Assets 2018: $23,172Liabilities 2018: $69,774Net Assets 2018: -$46,6022018Assets 2019: $81,773Liabilities 2019: $94,824Net Assets 2019: -$13,0512019Assets 2020: $236,673Liabilities 2020: $213,876Net Assets 2020: $22,7972020Assets 2021: $276,695Liabilities 2021: $207,779Net Assets 2021: $68,9162021Assets 2022: $644,665Liabilities 2022: $649,414Net Assets 2022: -$4,7492022Assets 2023: $699,953Liabilities 2023: $634,399Net Assets 2023: $65,5542023Assets 2024: $1,235,579Liabilities 2024: $1,013,966Net Assets 2024: $221,6132024

Highlighted filing

2024

Assets$1,235,579
Liabilities$1,013,966
Net Assets$221,613

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $330,5472011Revenue 2014: $330,967Expenses 2014: $319,945Net Income 2014: $11,0222014Revenue 2016: $369,773Expenses 2016: $411,184Net Income 2016: -$41,4112016Revenue 2017: $372,168Expenses 2017: $368,422Net Income 2017: $3,7462017Revenue 2018: $410,419Expenses 2018: $382,364Net Income 2018: $28,0552018Revenue 2019: $505,632Expenses 2019: $472,081Net Income 2019: $33,5512019Revenue 2020: $504,189Expenses 2020: $468,341Net Income 2020: $35,8482020Revenue 2021: $443,952Expenses 2021: $393,394Net Income 2021: $50,5582021Revenue 2022: $506,092Expenses 2022: $579,757Net Income 2022: -$73,6652022Revenue 2023: $528,082Expenses 2023: $457,779Net Income 2023: $70,3032023Revenue 2024: $537,894Expenses 2024: $381,835Net Income 2024: $156,0592024

Highlighted filing

2024

Revenue$537,894
Expenses$381,835
Net Income$156,059

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$605,456
Mission and Program Overview

Mission

Creates original theathrical experience that push artistic boundaries in order to explore critical social issues with a diverse community of chicagoans.

Creates original theatrical experience that push artistic boundaries in order to explore critical social issues with a diverse community of chicagoans

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$445,246$743,687▲ $298,441
Intangible Assets-$365,145-
Pledges and Grants Receivable$245,422$40,000▼ $205,422
Land, Buildings, and Equipment, Net$1,995$35,930▲ $33,935
Accounts Receivable-$20,091-
Prepaid Expenses and Deferred Charges$7,290$11,044▲ $3,754
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-
Inventories for Sale or Use-$0-
Total Assets$699,953$1,235,579▲ $535,626
Other Assets Total-$19,682-
Liabilities
Mortgage Notes Payable Secured by Investment Property$631,488$614,762▼ $16,726
Other Liabilities-$365,145-
Accounts Payable and Accrued Expenses$2,911$34,059▲ $31,148
Total Liabilities$634,399$1,013,966▲ $379,567
Net Assets / Fund Balance
Net Assets With Donor Restrictions$200,000$240,000▲ $40,000
Net Assets Without Donor Restrictions$-134,446$-18,387▲ $116,059
Total Net Assets Fund Balance$65,554$221,613▲ $156,059
Total Liabilities and Net Assets / Fund Balance$699,953$1,235,579▲ $535,626

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$34,765-$34,765
Equipment$1,165$26,559$27,724
Compensation and Service Providers

Board Members and Trustees

NameTitle
Justin FrickPast President
Pat Merryweather-argesPresident
Amy CarrDirector
David CherryDirector
Elsa HiltnerDirector
Eva SahaDirector
Maria PikeDirector
Matthew WoodburnDirector
Roseanna AnderDirector
Sammy RangelDirector
Sandra DelgadoDirector
Dr Marcus RobinsonSecretary
Andrew BaldersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$494,596
Program Service Revenue
$47,208
Investment Income
$13,482
Other Revenue
$-17,392
All Other Contributions
$267,064
Change in Net Assets
$156,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$537,894
Revenue Not Reported on Form 990
$39,262
Total Revenue per Audited Statements
$577,156
Total Revenue per Form 990
$537,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,092
Salaries, Compensation, and Employee Benefits$104,743
Total Fundraising Expense$23,754
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$60,260$34,443$6,595$101,298
Other Salaries and Wages$64,034$18,946$14,209$97,189
Insurance$9,495$6,419-$15,914
Interest-$15,601-$15,601
All Other Expenses$5,788$6,057-$11,845
Advertising$7,951$1,102$270$9,323
Information Technology$3,641$3,641$459$7,741
Office Expenses$2,633$3,829$1,116$7,578
Payroll Taxes$4,976$1,473$1,105$7,554
Other Expenses$4,280$2,781-$7,061
Travel$2,342$15-$2,357
Depreciation Depletion-$830-$830
Total Functional Expenses$260,196$97,885$23,754$381,835

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$421,097
Expenses per Audited Statements$381,835
Total Expenses per Form 990$381,835
Expenses Not Reported on Form 990$39,262
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$67,562
Fundraising Gross Income$49,929
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$71,461$49,929$27,455$22,474
Total Events$71,461$49,929$67,562$-17,633
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
Operating Lease Liability$365,145
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A draft copy of form 990 is provided to all board members in advance of a board meeting for discussion and approval at the meeting, along with the audited financial statements

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

The organization asks board members annually whether they are in compliance with the written conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Collaboraction Theatre Company
EIN
36-4282304
Phone
3122269633
Address
1757 N Kimball 120, CHICAGO, IL 60647

Signing Officer

Name
Pat Merryweather-arges
Title
President
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pat Merryweather-arges
Formed
1997
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
45

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
200 S WACKER DR SUITE 3100, CHICAGO, IL 60606
Preparer
Alfredo Rodriguez CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Fin 48 - the organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code, therefore, the financial statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taking authorities, based on the technical merits of the positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.

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