Civic Intelligence

Chicago Artists Coalition

990 • Fiscal year 2021 • EIN 51-0136854

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization Profilewww.chicagoartistscoalition.org
2130 W Fulton Street No BChicago, IL 60612

(312) 491-8888

Siviq Scores

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

Liabilities / Assets

90th percentile

0.54x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.78x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

8th percentile

-87%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$62,094

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 28.3% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-42%

Faster asset growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-54%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$315,844

Down $230,800 (-42%) from 2020

Net Assets

Down

$145,680

Down $191,946 (-57%) from 2020

Liabilities

Down

$170,164

Down $38,854 (-19%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin8th percentile

Revenue

Down

$219,386

Down $258,120 (-54%) from 2020

Expenses

Down

$411,332

Down $209,523 (-34%) from 2020

Net Income

Down

-$191,946

Down $48,597 (-34%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.0M$500K$0-$500KAssets 2010: $4,709Liabilities 2010: $37,410Net Assets 2010: -$32,7012010Assets 2011: $140,838Liabilities 2011: $26,893Net Assets 2011: $113,9452011Assets 2012: $530,768Liabilities 2012: $9,592Net Assets 2012: $521,1762012Assets 2013: $580,507Liabilities 2013: $17,369Net Assets 2013: $563,1382013Assets 2014: $479,381Liabilities 2014: $20,578Net Assets 2014: $458,8032014Assets 2015: $366,630Liabilities 2015: $15,522Net Assets 2015: $351,1082015Assets 2016: $468,497Liabilities 2016: $25,284Net Assets 2016: $443,2132016Assets 2017: $401,960Liabilities 2017: $45,936Net Assets 2017: $356,0242017Assets 2018: $791,675Liabilities 2018: $80,937Net Assets 2018: $710,7382018Assets 2019: $571,348Liabilities 2019: $90,373Net Assets 2019: $480,9752019Assets 2020: $546,644Liabilities 2020: $209,018Net Assets 2020: $337,6262020Assets 2021: $315,844Liabilities 2021: $170,164Net Assets 2021: $145,6802021Assets 2022: $174,196Liabilities 2022: $105,824Net Assets 2022: $68,3722022Assets 2023: $806,097Liabilities 2023: $641,317Net Assets 2023: $164,7802023Assets 2024: $624,060Liabilities 2024: $502,458Net Assets 2024: $121,6022024Assets 2025: $650,331Liabilities 2025: $397,352Net Assets 2025: $252,9792025

Highlighted filing

2021

Assets$315,844
Liabilities$170,164
Net Assets$145,680
Open 2021 Filing

Operations Trend

Revenue Growth15th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $219,274Expenses 2010: $288,887Net Income 2010: -$69,6132010Revenue 2011: $476,004Expenses 2011: $329,358Net Income 2011: $146,6462011Expenses 2012: $342,5382012Expenses 2013: $588,8972013Revenue 2014: $574,977Expenses 2014: $679,312Net Income 2014: -$104,3352014Revenue 2015: $483,217Expenses 2015: $590,912Net Income 2015: -$107,6952015Revenue 2016: $709,281Expenses 2016: $617,176Net Income 2016: $92,1052016Revenue 2017: $582,134Expenses 2017: $669,323Net Income 2017: -$87,1892017Revenue 2018: $1,048,959Expenses 2018: $694,245Net Income 2018: $354,7142018Revenue 2019: $558,161Expenses 2019: $787,924Net Income 2019: -$229,7632019Revenue 2020: $477,506Expenses 2020: $620,855Net Income 2020: -$143,3492020Revenue 2021: $219,386Expenses 2021: $411,332Net Income 2021: -$191,9462021Revenue 2022: $386,327Expenses 2022: $520,016Net Income 2022: -$133,6892022Revenue 2023: $451,588Expenses 2023: $376,545Net Income 2023: $75,0432023Revenue 2024: $407,223Expenses 2024: $450,399Net Income 2024: -$43,1762024Revenue 2025: $531,514Expenses 2025: $400,137Net Income 2025: $131,3772025

Highlighted filing

2021

Revenue$219,386
Expenses$411,332
Net Income-$191,946
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$312,199
Mission and Program Overview

Mission

CAC's programs reflect our commitment to empowering local artists through professional career training, exhibition and networking opportunities, and building a supportive patron base. Our philosophy is that by helping more artists sustain their practice here in Chicago, more will want to live and work here.

CAC's programs reflect our commitment to empowering local artists through professional career training, exhibition and networking opportunities, and building a supportive patron base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$351,339$202,928▼ $148,411
Pledges and Grants Receivable$91,616$47,751▼ $43,865
Land, Buildings, and Equipment, Net$53,951$47,207▼ $6,744
Prepaid Expenses and Deferred Charges$32,805$11,410▼ $21,395
Accounts Receivable$10,385--
Total Assets$546,644$315,844▼ $230,800
Other Assets Total$6,548$6,548→ $0
Liabilities
Other Liabilities$198,754$155,829▼ $42,925
Accounts Payable and Accrued Expenses$10,264$14,335▲ $4,071
Total Liabilities$209,018$170,164▼ $38,854
Net Assets / Fund Balance
Net Assets With Donor Restrictions$222,000$222,000→ $0
Net Assets Without Donor Restrictions$115,626$-76,320▼ $191,946
Total Net Assets Fund Balance$337,626$145,680▼ $191,946
Total Liabilities and Net Assets / Fund Balance$546,644$315,844▼ $230,800

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$47,207$39,631$86,838
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa SilvaExecutive and Artistic DirectorFT$60,000$2,094$62,094

Board Members and Trustees

NameTitle
Karen JonesChair
Edra SotoDirector
Elissa TennyDirector
Emanuel AguilarDirector
Jennifer SulenticDirector
Karim AhamedDirector
Kenneth KlassmanDirector
Lauren G PetersonDirector
Pooja PittieDirector
Sebastian CamposDirector
Todd HeiserDirector
Tony KarmanDirector
Robin GallardiOfficer at Large
Carmelita TiuSecretary
Nancy HerringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,697
Program Service Revenue
$1,710
Investment Income
$0
Other Revenue
$-9,021
All Other Contributions
$178,577
Change in Net Assets
$-191,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$334,926
Salaries, Compensation, and Employee Benefits$76,406
Total Fundraising Expense$101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$143,285-$143,285
Current Officers, Directors, Trustees, and Key Employees-$62,094-$62,094
Fees for Services Other$12,129$40,339-$52,468
Office Expenses-$25,990$101$26,091
Fees for Services Accounting-$10,497-$10,497
Insurance-$10,128-$10,128
Depreciation Depletion-$6,744-$6,744
Other Salaries and Wages-$6,348-$6,348
Payroll Taxes-$5,111-$5,111
Advertising$4,718--$4,718
Other Employee Benefits-$2,853-$2,853
Information Technology-$577-$577
Other Expenses$4,130$395-$395
Interest-$249-$249
Total Functional Expenses$96,605$314,626$101$411,332
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$92,813
Fundraising Gross Income$83,777
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Benefit - Work in Progress$127,477$83,777$92,813$-9,036
Total Events$127,477$83,777$92,813$-9,036
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable advance - PPP$89,737
Deferred rent$66,092
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 A, line 6

“The Organization has Board members.”

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

“The 990 is prepared by and outside accountant and reviewed by the Executive Director.”

Form 990, Part VI, Section B, line 15

“The Executive Director's salary is reviewed by the Board annually.”

Form 990, Part VI, Section C, line 19

“The Organization provides the tax return and other documents upon request.”

Filing and Contact Details

Filer

Filer Name
Chicago Artists Coalition
EIN
51-0136854
Phone
3124918888
Address
2130 W Fulton Street No B, Chicago, IL 60612

Signing Officer

Name
Teresa Silva
Title
Executive and Artistic Director
Phone
3124918888
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teresa Silva
Formed
1974
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
16

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S WESTERN AVENUE, CHICAGO, IL 60643-3206
Preparer
Jason L Gierhahn CPA
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Independent contractors: Program service expenses 12,129. Management and general expenses 40,339. Fundraising expenses 0. Total expenses 52,468.”

Form 990, Part XII, line 2C:

“The Board reviews and comments on the audited financial statements.”

Raw XML AppendixShowing 400 of 501 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/MissionDesc0CAC's programs reflect our commitment to empowering local artists through professional career training, exhibition and networking opportunities, and building a supportive patron base. Our philosophy is that by helping more artists sustain their practice here in Chicago, more will want to live and work here.
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IRS990/PrincipalOfficerNm0Teresa Silva
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IRS990/ProgSrvcAccomActy2Grp/Desc0CAC'S BOLT RESIDENCY IS A HIGHLY COMPETITIVE, JURIED, ONE-YEAR ARTIST STUDIO RESIDENCY PROGRAM. THE ARTIST-IN-RESIDENCE PROGRAM OFFERS EMERGING AND ESTABLISHED ARTISTS A PLATFORM FOR THE INVESTIGATION, EXPERIMENTATION, AND DEVELOPMENT OF IDEAS REGARDING CONTEMPORARY ARTISTIC PRACTICE WHILE LIVING AND WORKING IN THE CITY OF CHICAGO. THE PROGRAM'S MISSION IS TO HELP ARTISTS ADVANCE THEIR CAREER IN AN ENVIRONMENT THAT ALLOWS FOR EXPANSIVE THINKING AND OPPORTUNITIES TO ENGAGE WITH THEIR CO-RESIDENTS IN A GROUP SETTING, AS WELL AS WITH INFLUENTIAL ARTISTS, CURATORS, AND EDUCATORS THROUGH INDIVIDUAL STUDIO VISITS. BOLT RESIDENCY PROVIDES SIX (6) PROFESSIONAL OPEN-PLAN STUDIOS AND A 400-SQUARE-FOOT GALLERY SPACE FOR A SOLO EXHIBITION. THE PROGRAM IS NONRESIDENTIAL: NO ROOM/BOARD IS OFFERED.
IRS990/ProgSrvcAccomActy3Grp/Desc0HATCH PROJECTS IS A YEARLONG, JURIED INCUBATOR FOR CONTEMPORARY ARTISTS AND CURATORS THAT STRIVE TO SUPPORT AN ECOLOGY OF CURATORIALAND ARTISTIC PRACTICE. HATCH FOSTERS SHARED EXPERIMENTATION, EXCHANGE, AND CREATIVITY TO PRODUCE GROUND-BREAKING EXHIBITIONS AND PROGRAMS. ARTIST RESIDENTS ARE DIVIDED INTO GROUPS OF 4 TO WORK WITH ONE CURATORIAL RESIDENT. SELECTED ARTISTS WILL PARTICIPATE IN A DUO AND 4-PERSON EXHIBITION ORGANIZED BY THEIR CURATORIAL RESIDENT. EACH ARTIST RESIDENT RECEIVES PROFESSIONAL DEVELOPMENT THROUGH DYNAMIC EXHIBITIONS, ONE-ON-ONE STUDIO VISITS, PUBLIC PROGRAMS, AND COMMUNITY BUILDING TO DEVELOP A SUSTAINABLE CREATIVE PRACTICE. THROUGH THIS UNIQUE HANDS-ON EXPERIENCE AND PROFESSIONAL DEVELOPMENT PROGRAM, ARTIST RESIDENTS DEVELOP VALUABLE INSIGHT AND EXPERIENCE IN CONTEMPORARY EXHIBITION-MAKING.
IRS990/ProhibitedTaxShelterTransInd00
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$315,844
Liabilities
$170,164
Net assets
$145,680
Revenue
$219,386
Expenses
$411,332
Net income
-$191,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.65$0.40$0.25$0.53$0.40$0.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.50$0.12$0.41$0.45$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.64$0.16$0.45$0.38$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.11$0.07$0.39$0.52$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.17$0.15$0.22$0.41$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.21$0.34$0.48$0.62$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.09$0.48$0.56$0.79$0.23
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.08$0.71$1.05$0.69$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.05$0.36$0.58$0.67$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.03$0.44$0.71$0.62$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.02$0.35$0.48$0.59$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.46$0.57$0.68$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.02$0.56$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.52$0.34
2011Summary only. Only limited summary data is available for this year.$0.14$0.03$0.11$0.48$0.33$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.04$0.03$0.22$0.29$0.07